SiteSmith, Inc. Employment Offer Letter to Mary Cortani for Director of Internal Operations

Summary

SiteSmith, Inc. offers Mary Cortani the position of Director of Internal Operations, starting April 17, 2000, with an annual base salary of $150,000, a $10,000 sign-on bonus, eligibility for a $25,000 annual bonus, and a grant of 40,000 stock options (subject to plan rules and board approval). The offer includes 16 days of paid time off and eligibility for company medical, dental, and life insurance. Employment is at-will and contingent on legal work authorization. Acceptance requires signing confidentiality and invention assignment agreements.

EX-10.22 26 0026.txt EXHIBIT 10.22 EXHIBIT 10.22 [LOGO] March 30, 2000 Mary Cortani 5165A Redwood Retreat Road Gilroy, CA 95020 Dear Mary: I am delighted to offer you the position of Director of Internal Operations with SiteSmith, Inc. You will report directly to myself, Treb Ryan, Founder and Sr. V.P. of Operations. The following summarizes the details of our verbal offer: START DATE: 4/17/00 TITLE: Director of Internal Operations ANNUAL BASE SALARY: $150,000.00 STOCK OPTION GRANT: 40,000 Shares BONUS OPPORTUNITY: $25,000.00 per year based on revenue and MBO's SIGN ON BONUS: $10,000.00 (to be paid back to the company if you voluntarily terminate within your first year of employment) (Stock Option Grant is subject to the rules of the SiteSmith, Inc. Employee Stock Plan, Vesting Schedule and Approval of the Board of Directors. This plan will be sent under separate cover.) VACATION: 16 Personal Time Off (PTO) days per year to accrue at 5.33 hours per pay period You will also be eligible for coverage under the SiteSmith, Inc., Medical and Dental plans and Life Insurance plan. Descriptions of these plans will be provided when you report for work. Enclosed is our company's Confidentiality Agreement and Invention Assignment Agreement. Please be sure to read each of these Agreements and understand that you will be asked to sign each Agreement as a condition of employment. Your employment is contingent on your providing us with evidence that you have a legal right to work in the United States pursuant to provisions of the Immigration Reform & Control Act of 1986. SiteSmith, Inc., is an "at will employer" thus either you or the Company may terminate the employment relationship at any time for any reason with or without cause. We are pleased to extend this offer to you until April 7, 2000. To accept, please sign below and return to Sherri Shimomura, HR Director, Site Smith, 3283 Scott Blvd., Santa Clara, CA 95054. Please retain the duplicate for your records. Mary, we are very excited about the prospects of working with you. In fact, we believe that you will be an important contributor towards our continued success. Sincerely, /s/ Treb Ryan Treb Ryan Founder and Sr. V.P. of Operations SiteSmith, Inc. Accepted and Agreed to by: /s/ Mary Cortani 4/7/00 Mary Cortani Date - ------------------------------------ Start Date (If different from above)