100 Quannapowitt Parkway, Suite 205
Wakefield, MA 01880
August 27, 2010
|Re: || |
Offer of Employment by AdHarmonics, Inc.
I am very pleased to confirm my offer to you of employment with AdHarmonics, Inc. (the Company). You will report to the Chief Executive Officer in the position of Chief Technology Officer, an exempt position. I look forward to your acceptance of this offer and would like you to begin with us on September 6, 2010. A summary of the terms of this offer and the benefits currently provided by the Company are as follows:
1. Duties. Your duties to the Company shall be establishing the Companys technical vision and leading all aspects of the Companys technology development. You will also play an integral role in the Companys strategic direction, development, and future growth. These duties will be further defined once you join the Company.
2. Salary. Your salary will be $4,795.00 per semi-monthly pay period, which equates to $115,080.00 per year.
3. Bonuses. You will be paid a sign-on bonus (at the time of your first regular paycheck) equal to $11,250.00. This bonus will be subject to recapture should you voluntarily leave the Company prior to December 31, 2010. In addition, you will be eligible to receive up to $33,750.00 in additional bonuses (payable in three equal installments on January 15, 2011, April 15, 2011 and July 15, 2011) based on continued-full time employment.
4. Benefits. You will be eligible to participate in regular health insurance and other employee benefit plans established by the Company for its employees. You will be entitled to three weeks, which is equal to 15 working days, of vacation during the calendar year. The amount of vacation time available to you during your first year is determined by proration based on the number of full months of employment completed by you during the year. You will be entitled to two weeks, which is equal to ten working days, of sick time during the calendar year. The amount of sick time available to you during your first year is determined by proration based on the number of full months of employment completed by you during the year. You will be entitled to ten holidays, including nine designated days (New Years Day, Presidents Day, Stock Market Spring