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AMENDMENT TO JOSHUA G. JAMES CHANGE OF CONTROL AGREEMENT AND EMPLOYMENT AGREEMENT

Change of Control Agreement

AMENDMENT TO JOSHUA G. JAMES CHANGE OF CONTROL AGREEMENT AND EMPLOYMENT AGREEMENT | Document Parties: OMNITURE, INC. | Adobe Systems Incorporated | Omniture, Inc | Snowbird Acquisition Corporation You are currently viewing:
This Change of Control Agreement involves

OMNITURE, INC. | Adobe Systems Incorporated | Omniture, Inc | Snowbird Acquisition Corporation

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Title: AMENDMENT TO JOSHUA G. JAMES CHANGE OF CONTROL AGREEMENT AND EMPLOYMENT AGREEMENT
Date: 9/24/2009
Industry: Software and Programming     Sector: Technology

AMENDMENT TO JOSHUA G. JAMES CHANGE OF CONTROL AGREEMENT AND EMPLOYMENT AGREEMENT, Parties: omniture  inc. , adobe systems incorporated , omniture  inc , snowbird acquisition corporation
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Exhibit 10.1

 

OMNITURE, INC.

 

AMENDMENT TO JOSHUA G. JAMES

CHANGE OF CONTROL AGREEMENT AND EMPLOYMENT AGREEMENT

 

This amendment (the “ Amendment ”) is made by and between Joshua G. James (“ Employee ”) and Omniture, Inc. (the “ Company ”, and together with Employee, the “ Parties ”) on September 21, 2009, and will be effective as of immediately prior to the Acceptance Date (as this term is defined in the Merger Agreement (as hereinafter defined)).  For the avoidance of doubt, if the Acceptance Date does not occur within 12 months following September 15, 2009, and the Merger Agreement has been terminated in accordance with Section 9.1 of such agreement, this Amendment will not become effective under any circumstances unless the Parties agree otherwise.

 

WHEREAS , the Parties previously entered into an amended and restated employment agreement dated June 7, 2006, as amended on December 19, 2008 (the “ Employment Agreement ”);

 

WHEREAS , the Parties previously entered into a Change of Control Agreement dated June 7, 2006, as amended December 19, 2008 (the “ Change of Control Agreement ”);

 

WHEREAS , the Company has entered into that certain Agreement and Plan of Merger by and among the Company, Adobe Systems Incorporated, a Delaware corporation (“ Adobe ”), and Snowbird Acquisition Corporation, a Delaware corporation and wholly owned subsidiary of the Company (the “ Merger Agreement ”) pursuant to which the Company will become a wholly owned subsidiary of Adobe (the “ Merger ”);

 

WHEREAS , in connection with the Merger, Adobe desires to employ Employee to provide personal services to Adobe following the Closing Date (as this term is defined in the Merger Agreement), and has entered into an employment agreement with Employee as of September 15, 2009, the operating provisions of which will not become effective until the Closing Date (the “ Adobe Agreement ”);

 

WHEREAS , in accordance with the Adobe Agreement, Employee has agreed to waive a portion of the vesting acceleration to which Employee would otherwise be entitled in accordance with Section 5.5 of the Employment Agreement and Section 4(a) of the Change of Control Agreement (the “ Waiver ”); and

 

WHEREAS , the Company and Employee desire to amend the Employment Agreement and the Change of Control Agreement to reflect the Waiver and to provide for appropriate vesting terms in the event that the Closing Date does not occur.

 

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NOW, THEREFORE , for good and valuable consideration, Employee and the Company agree that the Employment Agreement and the Change of Control Agreement are hereby amended as follows.

 

1.             Acceleration of Vesting .  Section 5.5 of the Employment Agreement is amended to add the following:

 

“Notwithstanding the foregoing or anything herein to the contrary, upon the Acceptance Date of the Offer (as such terms are defined in the Agreement and Plan of Merger entered into by and between the Company, Adobe Systems Incorporated and Snowbird Acquisition Corporation as of September 15, 2009 (the “ Merger Agreement ”)), each of Employee’s outstanding, unvested options to purchase the Company’s Common Stock will accelerate and be immediately exercisable in full with respect to only seventy-five percent (75%) of the unvested shares of Company Common Stock subject thereto as of the Acceptance Date.  The remaining twenty-five percent (25%) of Employee’s outstanding, unvest


 
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