SEC Contract Filing

Filing Date: 2019-04-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>2
<FILENAME>a13119-ex1011pileggi.htm
<DESCRIPTION>EXHIBIT 10.11
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<div><a name="sF7A6C362DF891D52DC1E090EFE0E9C9C"></a></div><div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exhibit 10.11</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><img src="zuorologoforpileggiletter.jpg" alt="zuorologoforpileggiletter.jpg" style="height:46px;width:106px;"><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-top:6px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">March 6, 2018</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Jennifer Pileggi </font></div><div style="line-height:120%;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C/O Zuora, Inc.</font></div><div style="line-height:120%;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3050 South Delaware Street Suite 301</font></div><div style="line-height:120%;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">San Mateo, CA 94403</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Re:&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Continued Employment with Zuora, Inc.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dear Jennifer,</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:17px;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This employment letter confirms your continued employment as SVP General Counsel with Zuora, Inc., a Delaware Corporation (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:10pt;">&#8221; or &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Zuora</font><font style="font-family:Arial;font-size:10pt;">&#8221;). You will continue to report to Tien Tzuo, Zuora&#8217;s Chief Executive Officer.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:17px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;text-decoration:underline;">Salary and Variable Compensation</font><font style="font-family:Arial;font-size:10pt;">. Your annual base salary will be Two Hundred Seventy Five Thousand Dollars ($275,000) per year and will be subject to adjustment pursuant to the Company&#8217;s employee compensation policies in effect from time to time. The Company currently pays salary on the 15th and last day of each month. You will also be eligible to participate in the executive incentive compensation plan which will provide you with the opportunity to earn variable compensation.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:17px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;text-decoration:underline;">Benefits</font><font style="font-family:Arial;font-size:10pt;">. In addition, you will be eligible to participate in regular health insurance, bonus and other employee benefit plans established by the Company for its employees from time to time. As an executive, you will also be entitled to participate in our &#8220;unlimited vacation&#8221; policy which allows you to take time off as needed. Except as provided below, the Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment, as well as any of the terms set forth herein at any time in the future.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:17px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;padding-right:48px;">3.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;text-decoration:u