Rob Cain Salary Increase Letter Agreement with AccessLine Communications Corporation

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter agreement between AccessLine Communications Corporation, a subsidiary of Telanetix Inc., and Rob Cain confirms an increase in Rob Cain's annual base salary from $150,000 to $200,000, subject to standard deductions. All other terms of his employment remain unchanged. The agreement is effective as of November 9, 2011, and is signed by both the company's CEO and Rob Cain.

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EX-10.3 2 ex10-3.htm ex10-3.htm
Exhibit 10.3

 
 
November 9, 2011

Rob Cain

Dear Rob,

AccessLine Communications Corporation (the “Company”), a wholly owned subsidiary of Telanetix Inc. (the “Parent”) is pleased to inform you that the Compensation Committee of the Parent’s Board of Directors has decided to increase your annual base salary as set forth in that certain letter, dated January 18, 2011, between the Company and you, from $150,000 to $200,000 less social security contributions, income tax withholding and any other applicable deductions.  Otherwise the terms of your employment with the Company will remain the same.

We very much appreciate the contributions that you have made to the Company so far and look forward to our continued success together.

Sincerely,


/s/ Douglas N. Johnson                                                                                           
Douglas N. Johnson
Chief Executive Officer



ACCEPTED:


/s/ Rob Cain                                                                     November 9, 2011                                                      
Rob Cain                                                                           Date