Compensation Agreement for Ken Holmes, Vice President, Finance of BackWeb
This agreement outlines the compensation package for Ken Holmes, Vice President of Finance at BackWeb. Mr. Holmes will receive a base salary of $155,000 and variable compensation of $160,000. He is also entitled to standard company benefits, including 17 vacation days, 10 paid holidays, medical, dental, and vision insurance, disability insurance, and access to the company's 401(k) and employee stock purchase plans.
Exhibit 10.19
Following sets forth the material terms of the compensation for Ken Holmes, Vice President, Finance of BackWeb.
$155,000 | Base Salary | |
$160,000 | Variable Compensation |
Mr. Holmes will also receive standard BackWeb benefits of 17 vacation days per year, 10 paid holidays per year, medical, dental, and vision insurance, short and long term disability insurance, access to the company’s 401(k) plan, and access to participate in the employee stock purchase plan.
