January 18, 2006 REVISED
EX-10.1 2 a16428exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.1
January 18, 2006 | REVISED |
Claire Long
[address intentionally omitted]
[address intentionally omitted]
Dear Claire:
WebSideStory is pleased to offer you the position of chief financial officer, reporting to Jeff Lunsford, President and CEO. Our offer includes the following terms and conditions:
| A start date to be agreed upon. We would like to have you start as soon as possible. | ||
| A bi-weekly salary in the amount of $7,307.69 ($190,000 on an annual basis.) | ||
| Eligibility for a $40,000 annual bonus (prorated for 2006 based on hire date), contingent on the achievement of WebSideStorys annual revenue, net income and bookings targets. | ||
| Non-statutory stock options (NSOs) to purchase 70,000 shares of the companys common stock, vesting over 4 years with the first 25% not vesting until your first anniversary with the Company. The exercise price of the options will be established by the Board of Directors. These options will also be subject to the terms and conditions of the Companys 2004 Equity Incentive Plan and related agreements | ||
| A change-in-control agreement substantially in the form of exhibit A. |
You are also eligible to participate in WebSideStorys benefit plans including medical, dental, life, and disability insurance. You will receive three weeks of accrued vacation each year. Additionally, WebSideStory offers an on-site fitness center, tuition reimbursement, 401(k) plan, credit union, and other attractive benefits. Further information about the Companys benefits will be provided to you on your first day.
Due to the enactment of the Immigration Reform and Control Act of 1986, this offer is contingent on your ability to produce acceptable documentation verifying your eligibility to work in the United States. You will be required to present the necessary documents on the day you begin work at WebSideStory.
Additionally, a condition of this offer and of your employment with WebSideStory is the maintenance of the confidentiality of WebSideStorys proprietary and confidential information and compliance with the Companys policies and procedures as set forth in its Employee Handbook. Accordingly, you will be required to execute the Companys Employee Confidentiality and Inventions Agreement and the Employee Handbook on your first day of employment.
If you wish to accept our offer of employment, please sign and return the enclosed copy of this letter in the enclosed envelope to me (or, confidential fax: 858 ###-###-####.) Your signature below will indicate your understanding that no other promises or representations have been made to you and that you understand that you will be an at-will employee. Either party may end the relationship at any time. This offer is not a contract of employment, and the terms of employment are subject to change.
We are excited to have you join WebSideStory and know that it will be a mutually rewarding working relationship.
Very truly yours,
/s/ Sheryl Roland
Sheryl Roland
Vice President, Human Resources
Sheryl Roland
Vice President, Human Resources
Acceptance
I have read, understand, and accept the foregoing terms and conditions of my offer of employment. I further understand that while my job duties, title, compensation and benefits may change over time without a written modification of this agreement, the at-will term of my employment (i.e., my right and WebSideStorys right to terminate our employment relationship at any time, with or without cause) is a term of employment which cannot be altered or modified except in writing signed by me and the president/CEO of WebSideStory. I understand and agree that any contrary representation or agreements, which may have been made to me, are superseded by this offer and my acceptance of the same.
Approved and accepted:
/s/ Claire Long | ||||
Start Date |