January 8, 2004 Dear Jeff: (August 7th, 2009)
I am pleased to offer you the position of Managing Director, West, reporting to Rick Furino, Vice President, Consulting Services, North America. The position will commence not later than Monday, January 26, 2004.
Re: Separation Agreement and Release of Claims (December 7th, 2007)
This letter is to formally confirm our agreement with you with respect to your separation from Callidus Software Inc. (Callidus Software or the Company). This agreement includes the separation and release terms that are a necessary part of such agreements with the Company. To ensure that there are no ambiguities, this letter explains in detail both your rights and obligations and those of the Company upon separation of your employment and your full release of any and all claims against the Company.
Callidus Software, Inc. 2003 Stock Incentive Plan Stock Option Agreement (September 3rd, 2004)
Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement.
Contract (May 14th, 2004)
EXHIBIT 10.21 [CALLIDUS SOFTWARE LETTERHEAD] October 31, 2003 Mr. Richard D. Furino 2877 Country Vista Drive Thousand Oaks, CA 91362 Dear Richard: I am pleased to offer you the position of Vice President, Western Consulting Services, reporting to Daniel Welch, Vice President, Client Services. The position will commence not later than Monday, November 17, 2003. Your annual on-target earnings for this position will be $350,000 based on the following: Your starting salary will be $200,000 per year, which equals $16,667 per month, subject to periodic review. For the fourth quarter of 2003, your pro rated annual bonus will be guaranteed in the amount of $10,000. For 2004, you will be eligible to receive an annual bonus of $150,000, paid quarterly, based upon the attainment of certain goals and objectives to be established by the Company. As a further incentive, we will recommend to the Board of Directors that you be granted an option to purchase 100,000 pre-split shares of Callidus So