Offer Letter, dated March 27, 2014, between the Registrant and Bryan Hunt
EX-10.10 2 exhibit1010xofferletterdat.htm EX-10.10 Document
Thursday, March 27, 2014
Dear Bryan Hunt,
We are pleased to extend to you this offer of full-time employment with Health Catalyst. We are confident that your skills, experience and hard work will contribute mean ingfu ll y to the success of the company. This offer is subject to the terms and conditions set forth in this offer. This letter does not represent a contract or agreement for employment; and employment with Health Catalyst ("HC") is at will.
Position: Technical Resource Coordinator
Base salary: $100,000
Start date: 4/07
Division/Department: Product Development
FLSA status: Exempt
Location: Utah Office
Business hours: 8:00 AM - 5:00 PM, Monday through Friday.
In addition to the base salary, this full-time employment offer includes the following benefit programs:
You will be eligible to receive a bonus equal to 5% of your annual base salary subject to the individual, department, and company performance initiatives. This bonus will be prorated based upon the number of days you are employed during the fiscal year. The bonus for any fiscal year will be paid every 6 months, after approval from the Board of Directors and He's books for that period have been closed. The bonus will only be paid if you are employed by HC at the time of bonus determination.
Eligibility begins on the first day of the month following your start date.
•Medical and Dental Insurance: HC pays 100% of the monthly insurance premium for the employee and 50% of the adjusted premium for dependents and spouse. HC offers both a Traditional and HSA-High Deductible Health Plan options. HC also provides an employer contribution to those enrolled in the HSA-HDHP.
•Vision Insurance: The Vision Pla n is an employee elective plan. The insurance premium is the responsibility of the employee. Premiums may be deducted as a pre-tax deduction on a per-pay period basis.
•Life, Accidental Death and Dismemberment, and Disability Insurance: These insurance programs are paid 100% by HC.
•Flexible Spending Account: HC offers FSAs for medical, limited purpose, dependent care and commuter expense accounts. FSAs allow you to contribute pre-tax dollars which can be used to pay for qualifying expenses not otherwise covered under normal health-related insurance plans. The Commuter Expense FSA allows you to set aside pre-tax dollars for use in qualifying commuter expenses.
Paid Time Off
•Holiday Pay: Eleven days of time off with pay according to the annual holiday schedule.
•Paid Time Off: PTO eligibility begins on date of hire and may be used on an as needed basis. There is no set limit to PTO and PTO is not paid out upon an employee 's termination.
Health Catalyst off ers a Safe Harbor 401K Retirement Plan. Eligibility begins 90-days after employment. This Safe Harbor Plan allows for employee and employer contributions. HC matches employee contributions dollar-
for-dollar up to 6% of annual base salary. The HC 401K Plan is an auto-enrollment plan with a 6% default employee contribution rate.
All benefits are subject to change. Additional details about each benefit are available in the Employee Handbook or by speaking directly with the Human Resource office.
Pay checks are issued on a bi-weekly basis with a total of 26 pay periods per calendar year. You are encouraged to participate in our direct deposit program as our payroll is outsourced.
With acceptance of this employment offer, you will be asked to sign this Employment Offer Letter and Agreement and an Employee Invention and Confidentiality Agreement (EICA) and agree to the on-going compliance with such agreements as a condition of employment. These agreements contain "employment at will", "non-compete" and "non-disclosure" provisions. A copy of the EICA is available for your review upon request in advance of accepting employment. Otherwise, a personalized copy of the EICA will be provided to you prior to your start date.
A background check will be conducted through a third party vendor, Justifacts Credential Verifications. This background check is a comprehensive criminal records investigation, and you will be asked to complete a consent form before completing the check. This offer will be contingent upon an acceptable completion of the background check.
At Will Employment
Employment with HC is "at-will." This means that it is not for any specified period of time and can be terminated by you or by HC at any time, with or without advance notice or additional payment, and for any or no particular reason or cause. It also means that your job duties, title and responsibility and reporting level, compensation and benefits, as well as He's personnel policies and procedures, may be changed at any time, with or without notice, in the sole and absolute discretion of HC.
The "at-will" nature of your employment shall remain unchanged during your tenure as an employee and may not be changed, except in an express writing signed by you and by a duly authorized officer of HC.
In addition, we are required by law to obtain documentation within the first three days of employment that you are eligible to work in the United States. Please bring copies of your eligibility documentation on your first day of employment. Enclosed is a copy of INS Form 1-9, which contains a list of acceptable documentation.
If you accept this offer, this letter and the written agreements referenced in this letter shall constitute the complete agreement between you and HC with respect to the initial terms and conditions of your employment. Any representations not contained in this letter, or contrary to those contained in this letter (whether written or oral), that may have been made to you are expressly cancelled and superseded by this offer. Except as otherwise specified in this letter, the terms and conditions of your employment pursuant to this letter may not be changed, except by a writing signed by a duly authorized officer of HC.
HC reserves the right to provide you with additional policies in addition to any existing written policies that would apply to the terms of your employment.
Should your position, compensation, or benefits change over time the remaining sections of this agreement will still be valid. If any provision in this offer or compliance by you or HC with any provision of this offer constitutes a violation of any law, or is or becomes unenforceable or void, it will be deemed modified to the extent necessary so that it is no longer in violation of law, unenforceable or void, and such provision will be enforced to the fullest extent permitted by law. If such modification is not possible, said provision, to the extent that it is in violation of
law, unenforceable or void, will be deemed severable from the remaining provisions of this offer, which provisions and terms will remain in effect.
This offer is valid until Tuesday, April 1st, by 11:00 am and requires a written response by this date and time. You should keep a copy of this letter for your own records. If you have any questions regarding this offer, please contact our Human Resource office at ###-###-#### at your earliest convenience.
We look forward to you joining the Health Catalyst team. Sincerely,
Human Resources Director
Acknowledgement of Understanding and Acceptance
By signing below:
1.I acknowledge that I have read and understand the foregoing terms and conditions of this employment offer.
2. I accept this employment offer.
Accepted by: /s/ Bryan Hunt Date: 4/1/2014