{"id":38862,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-accrue-software-inc-and-bob-wyman.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-accrue-software-inc-and-bob-wyman","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-accrue-software-inc-and-bob-wyman.html","title":{"rendered":"Employment Agreement &#8211; Accrue Software Inc. and Bob Wyman"},"content":{"rendered":"<pre>                                                    [ACCRUE SOFTWARE, INC. LOGO]\n\nSeptember 22, 1999\n\nMr. Bob Wyman\n201 Queen Anne Avenue North, Suite 401\nSeattle, CA 98109\n\nDear Bob:\n\nOn behalf of Accrue Software, Inc. (the \"Company\"), I am pleased to offer you\nthe position of Vice President of Engineering, reporting to me, starting on\nOctober 1, 1999. You will be paid a salary of $10,000 per month, corresponding\nto $120,000.00 per year. Your salary will be payable in accordance with the\nCompany's standard payroll policies (subject to normal required withholding).\nYou will be covered by the Company's standard benefits package including health\ninsurance and seventeen days paid time off per year, pro-rated during 1999.\n\nYou will be granted an incentive stock option to purchase 100,000 shares of \nCommon Stock exercisable at the fair market value on the date of grant by the \nCompany's board of directors. The option will become exercisable at the rate of \n25% the shares on year after your commencement of employment and 1\/48th of the \nshares subject to the option each month thereafter, so that at the end of four \nyears, the option will be fully vested provided you remain an employee of the \nCompany. The option will be subject to approval and grant by the Company's \nboard of directors, which will occur at the first regular board meeting \nfollowing the commencement of your employment, and the execution of the \nCompany's standard Option Agreement under its 1996 Stock Plan. In the event you \nare terminated without cause, due to a Change of Control, there will be a one \nyear acceleration of vesting in addition to what has been vested to date.\n\nOur offer to you is conditioned upon your execution of the Accrue Software, Inc.\nProprietary Information and Inventions Agreement, and conditioned upon your\nability to provide and maintain the proper and necessary visa and other\ndocumentation required for you and Accrue to comply with all applicable United\nStates immigration and laws and regulations. In addition, you will abide by the\nCompany's strict policy that prohibits any new employee from using or bringing\nwith him or her from any previous employer any confidential information, trade\nsecret, or proprietary materials or processes of such employer.\n\nYour employment by Accrue will be for an Indefinite term and on an \"at-will\" \nbasis. This means that Accrue may terminate the employment relationship at any \ntime, with or without cause. This \"at-will\" relationship may be changed only by \na written agreement entered into for this purpose and signed by the Company's \nChief Executive Officer. The other terms and conditions of your employment will \nbe governed by various policies and programs of the Company, in writing and \notherwise, and that those policies and programs may be changed from time to \ntime by the Company in its discretion. The voluntary \"at-will\" nature of my \nemployment shall not be affected nor changed by any other employment policies \nor programs the Company may have, now or in the future. \n\nThis offer will be held open for three (3) days. To accept please sign at the \nbottom of this letter.\n\nAgain, let me indicate how pleased we all are to extend this offer, and how \nmuch we look forward to working together. Please indicate your acceptance by \nsigning and returning the enclosed copy of this letter.\n\nVery truly yours,\n\n\/s\/ RICHARD D. KREYSAR\n--------------------------------\nRichard D. Kreysar\nPresident and CEO \nAccrue Software, Inc.\n\nI, Bob Wyman, understand the foregoing terms and conditions and hereby accept \nthem as stated.\n\nSigned: \/s\/ BOB WYMAN                   Date: 23-Sep-1999\n       -------------------------             -------------------\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6556],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9539,9544],"class_list":["post-38862","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-accrue-software-inc","corporate_contracts_industries-technology__software","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38862"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38862"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38862"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}