Amendment No. 1 to Offer Letter between Ancestry.com Inc. and Joshua Hanna

Contract Categories: Human Resources › Employment Agreements
Summary

Ancestry.com Inc. and Joshua Hanna have agreed to amend their original Offer Letter dated July 22, 2010. The amendment changes the definition of a change in control, specifying that Spectrum Equity Investors V L.P. and certain other shareholders are excluded from triggering this provision if they acquire 50% or more of the company's voting power. All other terms of the original Offer Letter remain unchanged.

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EX-10.3 4 c16272exv10w3.htm EX-10.3 exv10w3
EXHIBIT 10.3
Amendment No. 1 to Offer Letter
This Amendment No. 1 dated April 22, 2011, to the Offer Letter dated July 22, 2010 (the “Offer Letter”), is made by and between Ancestry.com Inc. and Joshua Hanna.
The Offer Letter is amended by replacing in its entirety the text of the Offer Letter that reads:
(i) any person or entity other than a stockholder of the Company (or any parent corporation) as of the date of this offer letter becomes the beneficial owner, directly or indirectly, of securities of the Company (or any parent corporation) representing fifty percent (50%) or more of the total voting power of all of the Company’s (or any parent corporation’s) then outstanding voting securities,
With the following text:
(i) any person or entity other than Spectrum Equity Investors V L.P. (“Spectrum”) or persons or entities jointly filing Schedule 13G in respect of the Company’s voting securities as of the date of this offer letter becomes the beneficial owner, directly or indirectly, of securities of the Company (or any parent corporation) representing fifty percent (50%) or more of the total voting power of all of the Company’s (or any parent corporation’s) then outstanding voting securities,
Except as expressly provided for in this Amendment No. 1, this Amendment No. 1 will not modify, amend, supplement or waive any provision of the Offer Letter.
         
ANCESTRY.COM INC.    
 
        
By
  /s/ Timothy Sullivan    
 
 
 
Name: Timothy Sullivan 		   
 
  Title: Chief Executive Officer    
 
        
Accepted and agreed as of the date first above written.    
 
        
/s/ Joshua Hanna    
     
Name: Joshua Hanna