{"id":39542,"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-sagent-technology-inc-and-richard-ghiossi.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-sagent-technology-inc-and-richard-ghiossi","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-sagent-technology-inc-and-richard-ghiossi.html","title":{"rendered":"Employment Agreement &#8211; Sagent Technology Inc. and Richard Ghiossi"},"content":{"rendered":"<pre>\nOctober 9, 2001\n\nMr. Richard Ghiossi\n1738 Montemar Way\nSan Jose, CA 95125\n\nDear Richard:\n\nI'm pleased to offer you the position of Chief Marketing Officer (CMO); Senior\nVice President, Marketing and Strategy with Sagent Technology, Inc. In this\nexempt position, you will be the leader of our Marketing and Planning staffs,\nreporting directly to Ben Barnes. Your start date will be October 16, 2001.\n\nYour compensation will consist of salary, bonus, available employee benefit\nprograms and a stock option grant. Your semi-monthly salary will be $7,291.66\nannualized to $175,000.00. Your target at plan is $262,500 based upon a 50%\nbonus of $87,500, with successful achievement of mutually-agreed upon\nobjectives. This bonus will be paid annually and on a pro-rated basis for 2001.\nYou will receive a stock option grant of 150,000 shares subject to approval by\nthe Stock Option Committee. The grant will vest ratably over 48 months. You will\nbe eligible for the Executive Change in Control policy, a copy of which is\nattached.\n\nSagent Technology, Inc. is an \"at will\" employer, and consequently, employment\nat Sagent is for no definite period of time and can be terminated at the will of\neither Sagent or the employee at any time and for any reason, with or without\ncause.\n\nAs an employer based in the United States, Sagent Technology, Inc. is required\nto verify that its employees are eligible to work in the United States. On your\nfirst day of employment, you will be required to certify that you are a citizen\nor lawful permanent resident or an alien authorized to work in the U.S. Please\nbring your Employment Eligibility Verification (Form I-9) and acceptable\nsupporting documents (as listed on the reverse side of the I-9 Form) to your\nfirst day of work. If you expect to have any difficulty in producing these\ndocuments, please contact our Human Resources Department prior to your\nemployment to discuss alternative suitable documentation.\n\n\n\nYou will be required to sign a statement agreeing to hold the company's\nproprietary information confidential during and after your employment. You will\nalso be required to sign a statement that you have not brought any former\nemployer's proprietary information or any of their clients' proprietary\ninformation with you. You will be required to sign an inventions agreement that\nassigns to the company any patentable inventions that you create through your\nwork with the company.\n\nPlease indicate your acceptance of this offer by signing below and faxing back\nto me at 650-815-3433. If you have any questions please feel free to contact me.\n\nAll of the members of Sagent Technology, Inc. look forward to working with you\nand appreciate the talents you bring to your position and the company.\n\nSincerely,\n\nAnne Crumm\nVice President, Human Resources\n\nAccepted by:\n\n_____________________________      ____________________     ___________________\nRichard Ghiossi                    Today's Date             Start Date\n\nAttach: Executive Change in Control Policy\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8746],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9539,9544],"class_list":["post-39542","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-sagent-technology-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\/39542","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=39542"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39542"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39542"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}