{"id":38944,"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-ariba-inc-and-robert-m-calderoni.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-ariba-inc-and-robert-m-calderoni","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-ariba-inc-and-robert-m-calderoni.html","title":{"rendered":"Employment Agreement &#8211; Ariba Inc. and Robert M. Calderoni"},"content":{"rendered":"<pre>\n                                   Ariba, Inc.\n                              1565 Charleston Road\n                             Mountain View, CA 94043\n\n                                  July 18, 2001\n\nMr. Robert M. Calderoni\n19753 Minocqua Court\nSaratoga, CA 95070\n\nDear Bob:\n\n               This letter amends your offer letter dated November 22, 2000\n(\"Offer Letter\"), from Ariba, Inc. (the \"Company\") in the following respects:\n\n               1. Initial Bonus. The Company will, within five (5) business days\nafter the date of this letter, pay you a cash bonus in the amount of $2,000,000,\nsubject to withholding taxes and other deductions required by law (the \"Initial\nBonus\"). In consideration of the Initial Bonus, you hereby agree to waive your\nright to receive the \"Second Option\" described in the Offer Letter.\n\n               2. Annual Cash Bonuses. You have issued to Golden Bear Real\nEstate, L.L.C. (\"Golden Bear\") a promissory note dated February 1, 2001 in the\nprincipal amount of $4,000,000 (the \"Note\"). Pursuant to the Loan Agreement\ndated February 1, 2001 (the \"Loan Agreement\"), between you and Golden Bear,\n$1,000,000 of the principal amount of the Note plus all interest accrued under\nthe Note prior to the date in question will be forgiven on November 22, 2001,\nand on November 22 of each of the subsequent three years, subject to certain\nconditions. On November 22, 2001, and on November 22 of each of the subsequent\nthree years, the Company will pay you a cash bonus in an amount calculated to\nprovide you with after-tax net proceeds equal to the aggregate taxes (including\ntaxes on such cash bonus) that you will be required to pay with respect to the\nforgiveness of principal amount and accrued interest under the Note. If the\nforgiveness of any amount due under the Note is accelerated for any reason or if\nyou realize taxable income as a result of issuing the Note for any reason other\nthan the forgiveness of any debt under the Note, then the Company will\naccelerate payment of the cash bonus(es) to as nearly as practicable match the\ndate(s) when you realize such taxable income. Such accelerated payment shall be\nmade within ten (10) business days after the date on which such forgiveness of\nthe Note is accelerated or the date on which you have realized such taxable\nincome, as the case may be.\n\n               3. Indemnification. In the event that you incur reasonable costs\nor expenses (including interest, penalties and accounting or legal fees) as a\nresult of the assertion or assessment of taxes with respect to the forgiveness\nof your debt under the Note, the Company will indemnify you for those costs or\nexpenses on a grossed-up basis that will place you in the after-tax position in\nwhich you would have been if you had not\n\n\n\nMr. Robert Calderoni\nJuly 18, 2001\nPage 2\n\nincurred those costs or expenses. The indemnification under this Paragraph 3\nwill survive the termination of your employment with the Company for any reason\nor a change in control of the Company. Any costs or expenses for which you are\npaid a cash bonus under Paragraph 2 above will not be indemnified under this\nParagraph 3.\n\n               4. Waiver of Option Grant. You acknowledge that the Company\ngranted you an option to purchase 2,500,000 shares of stock on April 4, 2001. In\nconsideration of this grant and the payments described in this letter agreement,\nyou hereby agree to waive your right to receive the \"First Option\" described in\nthe Offer Letter.\n\n               Except as so modified hereby the letter, the offer letter will\nremain in full force and effect. Please indicate your acceptance of the\nforegoing by signing the enclosed copy of this letter agreement and returning it\nto me.\n\n                                                   Very truly yours,\n\n                                                   Ariba, Inc.\n\n\n                                                   By     \/s\/ Keith Krach\n                                                     ---------------------------\n                                                        Chief Executive Officer\n\nACCEPTED AND AGREED TO:\n\n    \/s\/ Robert M. Calderoni\n-----------------------------------                         July 18, 2001\n        Robert M. Calderoni\n\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6749],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9539,9544],"class_list":["post-38944","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-ariba-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\/38944","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=38944"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38944"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38944"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}