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6309 Carpinteria Ave.
Carpinteria, CA 93013
April 30, 2021
Chief Talent Officer
Procore Technologies, Inc.
6309 Carpinteria Avenue
Carpinteria, CA 93013
You are currently employed by Procore Technologies, Inc. (the Company) as Chief Talent Officer. This letter agreement confirms the existing terms and conditions of your employment in that role.
POSITION. You are serving in a full-time capacity as Chief Talent Officer, reporting to Craig F. Courtemanche, Jr., President and Chief Executive Officer, working in our offices located in Carpinteria, CA. Subject to the other provisions of this letter agreement, we may change your position, duties, and work location from time to time at our discretion.
EMPLOYEE BENEFITS. As a regular employee of the Company, you are eligible to participate in the Companys standard benefits, subject to the terms and conditions of such plans and programs. Subject to the other provisions of this letter agreement, we may change compensation and benefits from time to time at our discretion.
SALARY. Your annual base salary is $360,000.00, payable in semi-monthly installments in accordance with the Companys standard payroll practices for salaried employees. This salary will be subject to adjustment pursuant to the Companys employee compensation policies in effect from time to time.
ANNUAL BONUS. You are eligible for incentive bonus compensation with a target bonus equal to 50% of your annual base salary, subject to the Companys corporate bonus plan.
EQUITY. You have been granted various equity interests in the Company. Those equity interests shall continue to be governed in all respects by the terms of the applicable equity agreements, grant notices and equity plans.
PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT. You remain subject to the terms of the Proprietary Information and Inventions Agreement that you previously executed.
PERIOD OF EMPLOYMENT. Your employment with the Company remains at will, meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. This remains the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Companys personnel policies and procedures, may change from time to time, the at will nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company.
SEVERANCE. You will be eligible for severance benefits under the terms of the Executive Severance Agreement between you and the Company dated .