From: ${company_s} To: ${gconnor} Personal and Confidential February 6, 2007 RE: Offer of Employment
Dear Greg:
${company_s} is pleased to offer you the opportunity to join ${us}. You are being offered a position as Sr. Systems Engineer reporting to $manager. If you decide to join us, your annual base pay will be ($current+9000) less applicable taxes and withholdings. You will be paid semimonthly in accordance with the Company’s normal payroll procedure. You will be located at the Redwood City facility. ${company_s} may change your position, compensation, duties and work location from time to time, as it deems appropriate.
Subject to the approval of the Company’s Board of Directors, you will be granted an option to purchase ${number} shares of the Company’s Common Stock, at an exercise price equal to the fair market value of the Common Stock on the date the Board grants your stock option or on your first date of employment with the Company, whichever is later. Your option will be subject to all of the terms, conditions and restrictions of the Company’s 2006 Stock Plan and the execution of a stock option agreement pursuant to such plan.
You will receive hire in bonus of ${ka-ching} less applicable withholding after 90 days of employment. If you terminate prior to one (1) year of employment you will be responsible for reimbursing the company a prorated portion of the bonus.
In other words, WOO HOO!