{"id":38865,"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-gregory-c-walker.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-accrue-software-inc-and-gregory-c-walker","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-accrue-software-inc-and-gregory-c-walker.html","title":{"rendered":"Employment Agreement &#8211; Accrue Software Inc. and Gregory C. Walker"},"content":{"rendered":"<pre>[ACCRUE SOFTWARE, INC. LOGO]\n\nMarch 3, 1999\n\nMr. Gregory C. Walker\n511 Benvenue Avenue\nLos Altos, CA 94024\n\nDear Greg:\n\nOn behalf of Accrue Software, Inc. (the 'Company'), I am pleased to offer you\nthe position of Vice President and CFO, reporting to me, starting on April 26,\n1999. You will be paid a base salary of $15,833.34 per month, annualized to\n190,000.00 per year. You will be covered by the Company's standard benefits\npackage including health insurance and two weeks paid vacation per year,\npro-rated during 1999.\n\nYou will be granted an incentive stock option to purchase 260,000 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 I expect will occur at the first regular board\nmeeting following 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, because of a Change of Control, there will be a\none year acceleration of vesting in addition to what has been vested to date.\n\nYou will be required to sign the Company's standard Assignment of Inventions\nand Confidentiality Agreement prior to the initiation of your employment. In\naddition, you will abide by the Company's strict policy that prohibits any new\nemployee from using or bringing with him or her from any previous employer any\nconfidential information, trade secret, or proprietary materials or processes\nof such employer.\n\nYou will be an employee-at-will and your employment may be terminated at any\ntime by you or the Company, with or without notice, and with or without cause.\nThis Agreement constitutes the entire agreement between you and the Company and\nsupersedes all other agreements or understandings.\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 Kreysar\n\nRichard Kreysar\nPresident and CEO\nAccrue Software, Inc.\n\nThe foregoing terms and conditions are hereby accepted:\n\nSigned: \/s\/ GREGORY C. WALKER                  Date:  3\/5\/99\n       -----------------------                      -------------------\n\n                                    1275 Orleans Drive, Sunnyvale, CA 94089-1138\n                                          info@accrue.com  http:\/\/www.accrue.com\n                                              tel 408.542.8900  fax 408.541.1874\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-38865","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\/38865","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=38865"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38865"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38865"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}