{"id":39323,"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-macrovision-corp-and-dan-stickel.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-macrovision-corp-and-dan-stickel","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-macrovision-corp-and-dan-stickel.html","title":{"rendered":"Employment Agreement &#8211; Macrovision Corp. and Dan Stickel"},"content":{"rendered":"<pre>\nAugust 9, 2002\n\nMr. Dan Stickel\n[*]\n[*]\n\nDear Dan,\n\nI am pleased to present this offer for the position of Senior VP\/General Manager\n(Enterprise Software Division) at Macrovision Corporation, reporting to me. Your\ncompensation will consist of a base salary of $9,166.67 paid semi-monthly,\ntotaling $220,000 annually. You will also be eligible to participate in our EIP\n(Executive Incentive Plan) for the 2002 calendar year on a prorated basis. A\ncopy of the EIP is attached. This position is based solely in the office located\nat 2830 De La Cruz Blvd in Santa Clara, CA and does not involve telecommuting.\n\nAdditionally, you will receive a 150,000 share stock option grant, which needs\nto be approved by the Board of Directors. The price per share will be set at the\nclosing market price of Macrovision Corporation stock (NASDAQ: MVSN) on your\nfirst day of employment. These options will vest in accordance with the terms\nand conditions of the Macrovision Corporation 1996 Equity Incentive Plan as\nfollows: 1\/6 of total option grant at one year from date of grant, 1\/36 of total\noption grant per month for the next twelve months and 1\/24 of total option grant\nper month for the final twelve months.\n\nAs a Macrovision employee, you will receive our standard benefits including\nFlexible Time Off (FTO), Paid Holidays, Medical, Dental, Life, Accidental Death\nand Dismemberment, Long-term and Short-term Disability coverage, and enrollment\ninto our Employee Stock Purchase Plan (ESPP), Medical Spending and 401(k) Plans.\nA description of our benefits is attached. Additionally, you salary, along with\nyour performance, will be reviewed in one year from your date of hire (your\nanniversary date). These, and other matters, will be fully explained to you\nduring your orientation; however, feel free to contact me or George Greeley, our\nDirector of HR, with any questions prior to that time.\n\nIn compliance with the Immigration Reform and Control Act of 1986, we are\nresponsible for verifying employment eligibility of all new employees. If you\nchoose to accept our offer, please bring with you on your first day documents\nthat show both proof of your identity and your eligibility to work (i.e. state\nissued driver's license, U.S. passport, social security card, birth certificate,\netc.). In addition, in order to verify your recent salary and compensation, you\nare asked to bring your W-2 forms (or other evidence of your work-related\ncompensation) for the last three years 1999, 2000, and 2001. Our salary offer is\nin large part based on your previous salary levels. This offer of employment is\ncontingent upon your providing the appropriate identification and salary history\ninformation.\n\nAs Macrovision's relationships with employees is at-will, either you or\nMacrovision may terminate the employee relationship at any time for any reason,\nwith or without notice. Also, any dispute arising out of or relating to your\nemployment with Macrovision, including, but not limited to, the manner in which\nthat employment is terminated, or any claims that Macrovision has violated any\nstate or federal civil rights laws shall be submitted to binding arbitration\nunder the administration of the American Arbitration Association.\n\nIt is understood that with respect to the at-will employment relationship and\nthe binding arbitration provision stated above, that this constitutes the full,\ncomplete and final expression of the agreement with Macrovision, and that it may\nnot be modified, altered or amended, either expressly or impliedly, unless in\nwriting signed by the CEO of Macrovision.\n\n\n                                       32\n\n\nAs is standard for our senior executives, you will be offered an Executive\nSeverance and Employment Agreement after completing 12 months of service. The\nintent of such agreement is to protect you and provide accelerated stock option\nvesting and a minimum of 6-months' severance pay should a `change in control' of\nthe Company occur and should you lose your job or have your job materially\ndiminished in title, job function, or salary as a result.\n\nAs a matter of policy, we like to make it clear that if a prospective employee\naccepts our offer, he\/she should not bring to Macrovision from his or her\nprevious employers any drawings, documents, customer lists, or similar material.\nAlthough this caution is in most cases unnecessary, we feel that it is important\nto emphasize that the Macrovision policy prohibits the transfer or use of such\nmaterial from other employers. Additionally, as a condition of employment, all\nemployees must sign a Proprietary Information and Inventions Agreement, as well\nas our Securities Trading Policy, both of which are attached.\n\nIf the foregoing meets with your approval, please indicate by signing below and\nreturning a copy of this letter and the enclosed forms to me.\n\nDan, we look forward to your joining Macrovision and being a key contributor to\nhelping us define the strategy, execute the Plan, and manage the transition from\na $100M enterprise to a [*]enterprise with an annual growth rate in excess of\n[*] per year.\n\nSincerely,\n\nWilliam A. Krepick\nPresident\/CEO\n\nAttach:  2002 EIP\n         Benefits Summary\n         Proprietary Information and Inventions Agreement\n         Securities Trading Policy\n\n\nAgreed &amp; Accepted: \/s\/ Dan Stickel                                  8\/26\/02\n                  --------------------------------             -----------------\n\n          8\/26\/02\n-----------------------------------\nExpected Start Date\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8106],"corporate_contracts_industries":[9466],"corporate_contracts_types":[9539,9544],"class_list":["post-39323","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-macrovision-corp","corporate_contracts_industries-media__movies","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\/39323","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=39323"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39323"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39323"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}