Special Advisor Agreement between Bottomline Technologies, Inc. and Kevin Donovan (2015)
Bottomline Technologies, Inc. and Kevin Donovan have agreed that Mr. Donovan will serve as a Special Advisor to the company during fiscal year 2016, performing functions as reasonably requested. In return, any restricted stock previously granted to Mr. Donovan will continue to vest according to existing agreements. Either party may end this arrangement with 90 days written notice. This agreement allows Mr. Donovan to start his new business while still supporting Bottomline Technologies.
Exhibit 10.1
| | Bottomline Technologies 325 Corporate Drive Portsmouth, NH 03801 P ###-###-#### |
| June 26, 2015 |
Mr. Kevin Donovan
32 Paul E. Robitaille Way
North Attleboro, MA 02760
Dear Kevin,
It is my sincere privilege to thank you for the contribution you have made to Bottomline over the past 16 years. I wish you the very best as you start your new business. As we have discussed, I appreciate your willingness to assist Bottomline during the coming fiscal year.
During fiscal 2016, you will serve as a Special Advisor to Bottomline, performing such functions and services as reasonably requested. In consideration, Bottomline agrees that any restricted stock that you received under Stock Incentive Plans will continue to vest during fiscal 2016 in accordance with the applicable Restricted Stock Agreement(s) in effect between you and Bottomline. I have every confidence this will work out well, but just in case, either party may terminate this letter agreement upon 90 days written notice.
I wish you all the best in your next professional chapter. At the same time I am appreciative of the fact that we will continue to benefit from your experience and knowledge.
| Sincerely, |
| /s/ Rob Eberle |
| Rob Eberle |
| President and Chief Executive Officer |
| Bottomline Technologies, Inc. |
Agreed and Confirmed:
| By: | /s/ Kevin Donovan | |
| Kevin Donovan | ||
Date: June 30, 2015
