This Offer Letter Serves to Confirm the Details of Our Employment Offer as Follows: (March 10th, 2015)
Effective March 1, 2015, a base salary of $12,095.84 semi-monthly, which is the equivalent of $290,300 annually, paid in accordance with the Company's normal payroll procedures.
April 18, 2011 Dear Pete: (April 11th, 2013)
This letter serves to amend and confirm the terms of the prior offer letter to you from Carbonite, Inc. (the Company or us). Your prior offer letter did not provide for any severance payments if your employment were terminated by us without cause. The Company wishes to make this benefit available to you. Accordingly, upon your counter signature to this amendment to your offer letter below, your severance benefits are amended so that if you are terminated without Cause (as defined below) or are Constructively Terminated (as defined in your option agreement), you will be entitled to receive an amount equal to (i) your then current base salary for a three-month period commencing with the effective date of your termination of employment with the Company (the Severance Period) and (ii) an amount equal to three times the monthly amount that the Company paid for your participation in the Companys health insurance plan during the month immediately preceding the your termination date. The foreg
December 8, 2010 Dear Pete: (April 11th, 2013)
It is a pleasure to offer you a position on the Carbonite team! We are excited about the opportunity to work with you to continue to build Carbonite into an industry leader. We truly believe that our opportunities are only limited by our vision and our desire to succeed. We hope that you will embrace the entrepreneurial spirit which drives Carbonite into the future.
April 18, 2011 Dear Pete, (April 11th, 2013)
Your prior offer letter with Carbonite, Inc. (the Company or us) indicated that the vesting of options granted to you by the Company would accelerate in the event of a change of control of the Company so that 50% of the unvested options would be vested if you were terminated without cause or constructively terminated within six months after the change of control. In fact, the Companys board of directors approved, and the option agreement(s) executed by you provide, for more generous terms all of your options will vest if you are terminated without cause or constructively terminated within twelve months after a change of control of the Company. This provision is consistent with the Companys vesting policy for employees employed at the level of vice president or higher. By signing below, you acknowledge and confirm that the terms of your executed option agreement(s) govern the vesting of your options and supercede any terms that are in the offer regarding the vesting of options in conne