DoveBid, Inc. Offer Letter to Lynn B. Corsiglia for Vice President of Human Resources Position

Summary

DoveBid, Inc. offers Lynn B. Corsiglia a full-time position as Vice President of Human Resources, effective March 7, 2000. The agreement outlines an annual salary of $180,000, eligibility for a discretionary year-end bonus up to 33% of base salary, and a stock option grant for 550,000 shares, subject to board approval and plan terms. Employment is at-will, and Lynn must comply with company policies, sign a confidentiality agreement, and provide work authorization. The offer is open until March 8, 2000, and includes standard employee benefits.

EX-10.14 28 0028.txt OFFER LETTER TO LYNN B. CORSIGLIA EXHIBIT 10.14 DoveBid, Inc. March 7, 2000 Lynn Corsiglia Address Address Dear Lynn: On behalf of DoveBid, Inc. ("DoveBid"), I am pleased to offer you a full-time position as Vice President of Human Resources reporting to DoveBid's President and Chief Operating Officer, effective on March 7, 2000. In this position, you will be responsible for all human resources related functions on behalf of DoveBid. Your annual salary will be $180,000 and will be paid in accordance with DoveBid's normal payroll procedures. Also, you will be eligible for a year-end bonus up to 33% of your base salary, determined by DoveBid in its discretion in January, and payable in or about February. All payments to you will be subject to legally required withholding(s). It is DoveBid's policy to review compensation levels periodically. Subject to approval by the Board of Directors of the Company, your compensation package also will include an incentive stock option under the terms of DoveBid's 1999 Stock Option Plan for 550,000 shares of common stock at the fair market value of the Company's Common Stock, as determined by the Board of Directors on the date the Board approves such grant. Your stock options will be subject to the terms of DoveBid's 1999 Stock Option Plan (the Plan includes vesting restrictions, restrictions on exercise and restrictions on transfer of shares) and will be conditioned on your execution of a Stock Option Agreement related to your options. In addition to your base salary, you will be eligible to participate in the employee benefits generally made available to our full-time employees, as may be modified in DoveBid's discretion. At the present time, those benefits include a "cafeteria" style benefits plan, health and dental insurance, life insurance, vacation and sick pay, and a 401k plan which you will become eligible for in accordance with the applicable benefit plans and DoveBid's written policies. Your employment with DoveBid will be "at will"; in other words, either you or DoveBid will have the right to terminate your employment with DoveBid at any time with or without cause. As a condition of your employment, you will be expected to comply with all DoveBid's policies and procedures, as may be modified from time to time in DoveBid's discretion (including our policies protecting other employees against discrimination and sexual harassment). Please refer to DoveBid's Employee Handbook for details regarding those policies and procedures. Also, you will need to execute DoveBid's Employee Confidentiality And Proprietary Information Agreement. Please note that because of employer regulations adopted in the Immigration Reform and Control Act of 1986, within three (3) business days of starting your new position you will need to present documentation demonstrating that you have authorization to work in the United States. If you have questions about this requirement, which applies to U.S. citizens and non-U.S. citizens alike, you may contact our personnel office. This offer will remain open until March 8, 2000. If you decide to accept our offer, and I hope you will, please sign the enclosed copy of this letter in the space indicated and return it to me. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions of this offer letter and the attached documents, if any. Should you have anything else that you wish to discuss, please do not hesitate to call me. We look forward to having you join our team! Sincerely, /s/ Jeff Crowe - -------------- Jeff Crowe President and Chief Operating Officer I understand and agree to the above terms /s/ Lynn Butler Corsiglia - -------------------------- Lynn Corsiglia