Promotion Letter and Compensation Terms for Cathleen Schreiner-Gates as Executive Vice President, Sales & Marketing at Ellie Mae

Contract Categories: Human Resources › Employment Agreements
Summary

This letter confirms Cathleen Schreiner-Gates' promotion to Executive Vice President, Sales & Marketing at Ellie Mae. Her compensation includes a $275,000 annual salary, an 80% bonus target, and eligibility for equity grants. She will receive an $800,000 equity award split among stock options, restricted stock units, and performance share units. The agreement also provides for a Change of Control Severance Agreement and an Indemnification Agreement. These terms outline her new role, compensation, and key protections as an officer of the company.

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EX-10.4 3 ex104-cathleenschreinerxga.htm EXHIBIT 10.4 EX10.4 - Cathleen Schreiner-Gates Promotion Letter


March 23, 2015

Cathleen Schreiner-Gates

Dear Cathleen:
Congratulations, I am are pleased to confirm your new role as Executive Vice President, Sales & Marketing, continuing to lead the sales and services organization in addition to the marketing group.
In this new role and as an Officer of the company your total compensation package will include an annual salary of $275,000, a bonus target of 80% of your base salary and eligibility for ongoing equity grants. With this promotion, you will be receiving an equity award with a grant date value of $800,000 divided equally into stock options, restricted stock units and performance shares units under the 2015 Senior Executive Performance Share Program.
In connection with your promotion, you will have a Change of Control Severance Agreement as well as a customary Indemnification Agreement.

We appreciate your service and contributions, and we wish you success in your new position at Ellie Mae.
Sincerely,

Jonathan Corr
President and Chief Executive Officer