Rimini Street, Inc. Offer of Employment to Sebastian Grady as President & COO (December 2010)

Contract Categories: Human Resources › Employment Agreements
Summary

Rimini Street, Inc. offers Sebastian Grady the position of President and Chief Operating Officer, contingent on his acceptance of the Employment Agreement, signing of an Employee Intellectual Property and Confidentiality Agreement, and a satisfactory background check. The position is full-time, exempt, and based in Pleasanton, California, reporting to the CEO. Employment is at-will and must be accepted by December 20, 2010. Compensation, benefits, and equity details are outlined in the referenced Employment Agreement. The offer is formalized upon Grady's signature and return of the required documents.

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EX-10.23 11 s001739x1_ex10-23.htm EXHIBIT 10.23
Exhibit 10.23
 
Rimini Street, Inc.
7251 West Lake Mead Blvd.
Suite 300
Las Vegas, Nevada 89128
(702) 839-9671
 
December 19, 2010
 
Sebastian Grady
 
Dear Sebastian:
 
It is with great pleasure that Rimini Street, Inc. presents to you this Offer of Employment to join the Rimini Street, Inc. team with the position of President & Chief Operating Officer.  This Offer of Employment is made conditioned upon your acceptance and execution of the Employment Agreement between Rimini Street and Sebastian Grady dated December 19, 2010, execution of the Rimini Street, Inc. Employee Intellectual Property and Confidentiality Agreement dated December 19, 2010, acceptable results from a background check, and any other terms and conditions of employment described herein.
 
Please be aware that this offer must be accepted by Monday, December 20, 2010 at 5:00 PM Pacific Time.  Your employment with Rimini Street, Inc. will be “at will,” meaning that either you or Rimini Street, Inc. can terminate your employment at any time, for any reason or no reason, subject to the terms of the Employment Agreement.
 
If everything is in order, and you would like to accept this Offer of Employment, please fax back to me (1) this letter along with your signature accepting the position, (2) the signed Employment Agreement, and (3) the signed Employee Intellectual Property and Confidentiality Agreement.  Upon acknowledgement of your acceptance, we will contact you to arrange delivery of your equipment and work with you to get your benefits set up.
 
POSITION DETAILS:

Title:
President & Chief Operating Officer
Reports to:
Seth A. Ravin, CEO
Location:
Pleasanton Office: 6601 Koll Center Parkway Suite 300 Pleasanton, CA 94566
FLSA:
Exempt (Fair Labor Standards Act-Classification)
Category:
Full-time, Regular
Start Date:
Monday, January 1, 2011
Job Duties:
As appropriate for a President & COO and as determined by the CEO
Base Salary:
As detailed in the Employment Agreement dated December 19, 2010
Target Annual Incentive:
As detailed in the Employment Agreement dated December 19, 2010
Benefits:
Standard Rimini Street benefits package for executives
Equity:
As detailed in the Employment Agreement dated December 19, 2010
 
Please return fax to my private fax ONLY at:                            .
 
I look forward to working with you to redefine enterprise software support at Rimini Street, Inc.
Regards,
Seth A. Ravin
President & CEO

I, Sebastian Grady, hereby accept this Offer of Employment : /s/ Sebastian Grady           Date:12/19/10