Salary Adjustment Memorandum Amending Employment Offer Letter Agreement between AutoWeb, Inc. and Ralph Smith
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This memorandum from AutoWeb, Inc. to Ralph Smith confirms a salary increase for his role as Senior Vice President, Digital Marketing, effective February 16, 2018. The new annual salary is approximately $255,000. The increase is contingent on Ralph Smith's acceptance of the updated terms. The agreement also reiterates that employment remains at-will, meaning either party can terminate the employment at any time, with or without cause or notice.
EX-10.36 10 ex10-36.htm MEMORANDUM DATED AMENDING EMPLOYMENT OFFER LETTER AGREEMENT BETWEEN COMPANY AND RALPH SMITH Blueprint
Exhibit 10.36
 | AutoWeb, Inc. Human Resources Department 18872 MacArthur Blvd, Suite 200 Irvine, CA ###-###-#### Voice: (949) 225-4572 |
February 20, 2018
TO:
Ralph Smith
FROM:
Glenn Fuller – EVP, Chief Legal and Administrative Officer and Secretary
RE:
Salary Adjustment
It is a pleasure to inform you of your salary increase. Following is a summary of your salary increase.
Position:
Senior Vice President, Digital Marketing
New Semi-monthly Rate:
$10,625 ($255,000 Approximate Annually)
Effective Date:
February 16, 2018
Your salary increase is conditioned upon your acceptance of the foregoing modifications to the terms and conditions of your employment with AutoWeb, Inc. If you accept these modifications to the terms of your employment, please acknowledge your acceptance in the space provided below.
As a reminder, your employment is at will, not for a specified term and may be terminated by the Company or you at any time, with or without cause or good reason and with or without prior, advance notice. This “at-will” employment status will remain in effect throughout the term of your employment by the Company and cannot be modified except by a written amendment to this promotion letter that is executed by both parties (which in the case of the Company, must be executed by the Company’s Chief Legal Officer) and that expressly negates the “at-will” employment status.
Please feel free to call if you have any questions.
AutoWeb, Inc.
By:
/s/ Glenn Fuller______________________________
Glenn Fuller
EVP, Chief Legal and Administrative Officer and Secretary
Accepted and Agreed:
/s/ Ralph Smith_____________________________
Ralph Smith
