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Exhibit 10.16
CHANGE IN CONTROL AGREEMENT
_____________ ___, 200_
Dear _____________________,
This
letter agreement
("Agreement") will
confirm the terms of certain
compensation due to you by SoundBite Communications, Inc. and any
successor (the
"Company") in the event of a change in control of the Company.
1. Upon the (i) sale
by the Company, whether in cash or securities, of
all or substantially all of its assets or (ii) merger or
consolidation of the
Company with or into another entity in a transaction where the
shares of the
Company's capital stock outstanding immediately prior to the
closing of such
merger or consolidation represent or are converted into or
exchanged for shares
that represent less than a majority of the shares of capital stock
of the
resulting or surviving entity outstanding immediately after the
closing of such
merger or consolidation (each of the foregoing being referred to as
"Change in
Control"), then 25% of all unvested stock, options, awards and
purchase rights
granted to you under any of the stock plans or stock option plans
of the Company
prior to such Change in Control shall immediately become fully
vested and
exercisable as of the effective date of a Change in Control.
Notwithstanding
the foregoing, the issuance by the Company of its capital stock in
an equity
financing, either in a private or public transaction, shall not
constitute a
Change in Control.
2. Upon the occurrence
of any one of the events set forth in (A), (B)
or (C) below within six (6) months following the closing of a
Change in Control,
you will be entitled to receive 100% of all unvested stock,
options, awards and
purchase rights granted to you under any of the stock plans or
stock option
plans of the Company prior to the occurrence of any such event
shall immediately
become fully vested and exercisable as of the effective date of
such event:
(A) the
termination of your employment for any reason other
than Cause (as defined below); or
(B) the
substantial reduction in the scope or nature of
your
responsibilities, duties, authorities, position,
powers or reporting structur
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