Employment Agreement - Sagent Technology Inc. and Richard Ghiossi
October 9, 2001
Mr. Richard Ghiossi
1738 Montemar Way
San Jose, CA 95125
I'm pleased to offer you the position of Chief Marketing Officer (CMO); Senior
Vice President, Marketing and Strategy with Sagent Technology, Inc. In this
exempt position, you will be the leader of our Marketing and Planning staffs,
reporting directly to Ben Barnes. Your start date will be October 16, 2001.
Your compensation will consist of salary, bonus, available employee benefit
programs and a stock option grant. Your semi-monthly salary will be $7,291.66
annualized to $175,000.00. Your target at plan is $262,500 based upon a 50%
bonus of $87,500, with successful achievement of mutually-agreed upon
objectives. This bonus will be paid annually and on a pro-rated basis for 2001.
You will receive a stock option grant of 150,000 shares subject to approval by
the Stock Option Committee. The grant will vest ratably over 48 months. You will
be eligible for the Executive Change in Control policy, a copy of which is
Sagent Technology, Inc. is an "at will" employer, and consequently, employment
at Sagent is for no definite period of time and can be terminated at the will of
either Sagent or the employee at any time and for any reason, with or without
As an employer based in the United States, Sagent Technology, Inc. is required
to verify that its employees are eligible to work in the United States. On your
first day of employment, you will be required to certify that you are a citizen
or lawful permanent resident or an alien authorized to work in the U.S. Please
bring your Employment Eligibility Verification (Form I-9) and acceptable
supporting documents (as listed on the reverse side of the I-9 Form) to your
first day of work. If you expect to have any difficulty in producing these
documents, please contact our Human Resources Department prior to your
employment to discuss alternative suitable documentation.
You will be required to sign a statement agreeing to hold the company's
proprietary information confidential during and after your employment. You will
also be required to sign a statement that you have not brought any former
employer's proprietary information or any of their clients' proprietary
information with you. You will be required to sign an inventions agreement that
assigns to the company any patentable inventions that you create through your
work with the company.
Please indicate your acceptance of this offer by signing below and faxing back
to me at 650-815-3433. If you have any questions please feel free to contact me.
All of the members of Sagent Technology, Inc. look forward to working with you
and appreciate the talents you bring to your position and the company.
Vice President, Human Resources
_____________________________ ____________________ ___________________
Richard Ghiossi Today's Date Start Date
Attach: Executive Change in Control Policy