{"id":38866,"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-s-carson.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-accrue-software-inc-and-gregory-s-carson","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-accrue-software-inc-and-gregory-s-carson.html","title":{"rendered":"Employment Agreement &#8211; Accrue Software Inc. and Gregory S. Carson"},"content":{"rendered":"<pre>\nOctober 3, 2001\n\n\nGregory S. Carson\n4020 Arbolado Drive\nWalnut Creek, CA 94598\n\nDear Gregory:\n\nOn behalf of Accrue Software, Inc., I am pleased to offer you the position of\nChief Financial Officer, reporting to me. Your salary will be $8,653.84 on a\nbi-weekly basis. Your salary will be payable in accordance with the Company's\nstandard payroll policies. You will also be eligible for a target bonus of 25\npercent of base compensation. You will be covered by the company's benefit\nprogram and the provisions of these programs.\n\nThis bonus will be based on specific defined criteria set by the Company. You\nmust be employed at the time of the issuance of the bonus in order to receive\nthe bonus. Should your employment end for any reason before this date, the bonus\nwill be forfeited.\n\nYou will be granted an incentive stock option to purchase 250,000 shares of\nCommon Stock exercisable at the fair market value on the date of grant by the\nCompany's Board of Directors. The options will become exercisable at the rate of\n33 percent of the shares one year after your commencement of employment and\n1\/36th of the shares subject to the option each month thereafter. At the end of\nthree years, the option will be fully vested provided you remain with the\ncompany. The option is subject to the approval of the Board of Directors, which\nwill occur at the first regular board meeting following the commencement of this\nplacement, and the execution of the Company's Standard Option Agreement under\nits 1996 Stock Plan. A request for additional options will be considered after\n12 months of employment. In the event you are terminated without cause, due to a\nChange of Control, there will be a 50 percent acceleration of vesting in\naddition to what has been vested to date, and your salary and benefits will\ncontinue for three months beyond the termination date.\n\nIn the event your employment is terminated as a result of a change of control\nyou will receive three months of severance pay.\n\nOur offer is conditioned upon your execution of the Accrue Software, Inc.\nProprietary Information and Inventions Agreement, and conditioned upon your\nability to provide and maintain proper and necessary visa and other employment\ndocumentation. In addition, you will abide by the Company's strict policy that\nprohibits any new employee from using or bringing with him or her from any\nprevious employer any confidential information, trade secret or proprietary\nmaterials from other employers.\n\n\n\n\n\n\n\n\nYour employment by Accrue Software, Inc. will be for an indefinite term and on\nan at-will basis. This means that Accrue Software, Inc. may terminate the\nemployment relationship at any time, with or without cause. This at-will\nrelationship may be changed only by a written agreement entered into for this\npurpose and signed by the Company's Chief Executive Officer. The other terms and\ncondition of your employment will be governed by various policies and programs\nof the Company, in writing and otherwise, and that those policies and programs\nmay be changed from time to time by the Company at its discretion. The voluntary\nat-will nature of your employment shall not be affected nor changed by any other\nemployment policies or programs the Company or may have, now or in the future.\n\nPlease sign the bottom of this letter to indicate your acceptance of this offer\nand to confirm our agreement.\n\nAgain, let me express how pleased I am to be working with you.\n\nSincerely,\n\n\n\/s\/ Jeffrey S. Walker\n\nJeffrey S. Walker\nPresident and CEO\nAccrue Software, Inc.\n\n\n\nI, Gregory Carson, understand and accept the foregoing terms and conditions and\nhereby accept them as stated.\n\n\n\n\n\/s\/ Gregory Carson                            October 12, 2001\n---------------------                         ------------------\nSignature                                     Date\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-38866","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\/38866","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=38866"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38866"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38866"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}