SEC Contract Filing

Filing Date: 2017-10-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d460814dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Employment Agreement (&#147;<B>Agreement</B>&#148;)&nbsp;is made as of the 20<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day
of September, 2017, between Brightcove Inc., a Delaware corporation (the &#147;<B>Company</B>&#148;), and David Plotkin (the &#147;<B>Executive</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to employ the Executive and the Executive desires to be employed by the Company on the terms and conditions
contained herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE,<I> </I>in consideration of the mutual covenants and agreements herein contained and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Employment</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Term</U>. The Company hereby employs the Executive and the Executive hereby accepts such employment pursuant to the terms of this
Agreement until this Agreement is terminated in accordance with the provisions of Section&nbsp;3. (Such period of employment shall hereinafter be referred to as the &#147;<B>Term</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Position and Duties</U>. During the Term, the Executive shall serve as the Chief Legal Officer of the Company, and shall have such
powers and duties as may from time to time be prescribed by the Chief Executive Officer of the Company (the &#147;<B>CEO</B>&#148;), or other authorized executive, provided that such duties are consistent with the Executive&#146;s position or other
positions that he may hold from time to time. The Executive shall devote his full working time and efforts to the business and affairs of the Company. Notwithstanding the foregoing, the Executive may serve on other boards of directors, with the
prior written approval of the Board, or engage in religious, charitable or other community activities as long as such services and activities do not interfere with the Executive&#146;s performance of his duties to the Company as provided in this
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Compensation and Related Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Base Salary</U>. During the Term, the Executive&#146;s initial annual base salary shall be $270,400. The Executive&#146;s base salary
may be redetermined annually by the Board or the Compensation Committee. The base salary in effect at any given time is referred to herein as &#147;<B>Base Salary</B>.&#148; The Base Salary shall be payable in a manner that is consistent with the
Company&#146;s usual payroll practices for senior executives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Incentive Compensation</U>. During the Term, the Executive shall be
eligible to receive cash incentive compensation as determined by<B> </B>the Board or the Compensation Committee from time to time. The Executive&#146;s target
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">management-based-on-objectives</FONT></FONT> annual incentive compensation (&#147;<B>MBO</B>&#148;) shall be forty percent (40%) percent of his Base Salary. To earn incentive
compensation, the Executive must be employed by the Company on the last day of the period on which such incentive compensation is measured. </P>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Expenses</U>. The Executive shall be entitled to receive reimbursement for all reasonable
expenses incurred by him during the Term in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its senior executive officers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Other Benefits</U>. During the Term, the Executive shall be entitled to continue to participate in or receive benefits under the
Company&#146;s Employee Benefit Plans in effect on the date hereof. As used herein, the term &#147;<B>Employee Benefit Plans</B>&#148; includes, without limitation, each pension and retirement plan; supplemental pension, retirement and deferred
compensation plan; savings and <FONT STYLE="white-space:nowrap">profit-sharing</FONT> plan; stock ownership plan; stock purchase plan; stock option plan; life insurance plan; medical insurance plan; disability plan; and health and accident plan or
arrangement established and maintained by the Company on the date hereof for employees of the same status within the hierarchy of the Company. The Executive shall be entitled to participate in or receive benefits under any employee benefit plan or
arrangement which may, in the futu