{"id":38868,"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-judson-groshong.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-accrue-software-inc-and-judson-groshong","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-accrue-software-inc-and-judson-groshong.html","title":{"rendered":"Employment Agreement &#8211; Accrue Software Inc. and Judson Groshong"},"content":{"rendered":"<pre>\nFebruary 26, 2001\n\n\nJudson Groshong\n33 Woodhill Drive\nRedwood City, CA 94061\n\nDear Jud:\n\nOn behalf of Accrue Software, Inc. (the \"Company\"), I am pleased to offer you\nthe position of Vice President of Marketing, reporting to Jonathan Becher, Vice\nPresident of Business Development, starting on February 26, 2001. Your salary\nwill be $13,750 per month, corresponding to $165,000 per year. Your salary will\nbe payable in accordance with the Company's standard payroll policies (subject\nto normal required withholding). You will be covered by the Company's standard\nbenefits package including health insurance and flexible time off policy.\n\nYou will be granted an incentive stock option to purchase 70,000 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 begin monthly vesting immediately\nand will be fully vested in three years, provided you remain an employee of the\nCompany. The option will be subject to approval and grant by the Company's board\nof directors, which will occur at the first regular board meeting following the\ncommencement of your employment, and the execution of the Company's standard\nOption Agreement under its 1996 Stock Plan. In the event you are terminated\nwithout cause, due to a Change of Control, there will be a one year acceleration\nof 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 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 time\nby the Company in its discretion. The voluntary \"at-will\" nature of my\nemployment shall not be affected nor changed by any other employment policies or\nprograms 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 much\nwe look forward to working together. Please indicate your acceptance by signing\nand returning the enclosed copy of this letter.\n\nVery truly yours,\n\n\/s\/ Gregory Walker\n\nGregory Walker\nInterim CEO and CFO\nAccrue Software, Inc.\n\nI, Judson Groshong, understand the foregoing terms and conditions and hereby\naccept them as stated:\n\nSigned: \/s\/Judson Groshong                 Date: 2\/28\/01\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-38868","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\/38868","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=38868"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38868"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38868"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}