Exhibit 99.1
CONSULTING AGREEMENT
This Consulting Agreement and
Exhibits A and B attached hereto (the “
Agreement ”) is made and entered into as of the
15 th
day of November, 2007 (the “ Effective Date
”) by and between Taleo Corporation, a Delaware corporation
located at 4140 Dublin Boulevard, Suite 400, Dublin, CA 94588
(“ Company ” or “TALEO”), and
Brad Benson, an individual, (“ Consultant
”) (each a “ Party ” and together
the “ Parties ”). The Company desires to
retain Consultant as an independent contractor to perform
consulting services for the Company and Consultant is willing to
perform such services, on terms set forth more fully below. In
consideration of the mutual promises contained herein, the Parties
hereto agree as follows:
1.
DEFINITIONS
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(a) |
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For
purposes of this Agreement, the terms below shall have the
following meanings: |
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(i) |
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“
Business ” means the business of developing and
marketing software and services that improve the processes of
recruiting, screening, tracking, placing, retaining, and optimizing
human capital, including contingent workers and including the
process and concept of performance management and compensation
management. |
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(ii) |
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“
Confidential Information ” means any Company
proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products,
services, pricing, customers, customer lists, markets, software,
developments, inventions, processes, formulas, technology, designs,
drawings, engineering, hardware configuration information,
marketing, finances or other business information disclosed by the
Company either directly or indirectly in writing, orally or by
drawings or inspection of parts and equipment. |
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(iii) |
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“
Restricted Period ” means the period commencing
on the Effective Date and ending one (1) year after the
termination or expiration of this Agreement pursuant to
Section 9 . |
2.
SERVICES AND COMPENSATION
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(a) |
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Consultant
agrees to perform for the Company the services described in
Exhibit A (“ Services
”). |
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(b) |
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Company
agrees to pay Consultant the compensation set forth in Exhibit
A for performing the Services. |
3.
CONFIDENTIALITY
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(a) |
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Consultant
will not, during or subsequent to the term of this Agreement, use
Company’s Confidential Information for any purpose whatsoever
other than performing the Services on behalf of the Company or
disclose Company’s Confidential Information to any third
party, and said Confidential Information shall remain
Company’s sole property. Consultant further agrees to take
all reasonable precautions to prevent any unauthorized disclosure
of such Confidential Information including, but not limited to,
having each employee of Consultant, if any, with access to any
Confidential Information, execute a nondisclosure agreement
containing provisions in the Company’s favor substantially
similar to Sections 3 , 4 and 8 of this
Agreement. Confidential Information does not include information
which (i) is known to Consultant at the time of disclosure to
Consultant by the Company as evidenced by written |
Page 1 of 10
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records of Consultant, (ii) has become publicly known and
made generally available through no wrongful act of Consultant or
(iii) has been rightfully received by Consultant from a third
party who is authorized to make such disclosure. Consultant will
not directly or indirectly disclose to anyone the existence of this
Agreement, or the fact that Consultant has this arrangement with
the Company, without the Company’s prior written
approval. |
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(b) |
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Consultant
agrees that Consultant will not, during the term of this Agreement
and the Restricted Period, improperly use or disclose any
proprietary information or trade secrets of any former or current
employer or other person or entity with whom Consultant has an
agreement or duty to keep in confidence information acquired by
Consultant, if any, and that Consultant will not bring onto Company
premises any unpublished document or proprietary information
belonging to such employer, person or entity unless consented to in
writing by such employer, person or entity. Consultant will
indemnify the Company and hold it harmless from and against all
claims, liabilities, damages and expenses, including reasonable
attorneys fees and costs of suit, arising out of or in connection
with any violation or claimed violation of a third party’s
rights resulting in whole or in part from the Company’s use
of Consultant’s work product under this Agreement. |
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(c) |
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Consultant
recognizes that the Company has received and in the future will
receive from third parties their confidential or proprietary
information subject to a duty on the Company’s part to
maintain the confidentiality of such information and to use it only
for certain limited purposes. Consultant agrees that Consultant
owes the Company and such third parties, during the term of this
Agreement and thereafter, a duty to hold all such confidential or
proprietary information in the strictest confidence and not to
disclose it to any person, firm, corporation or entity or to use it
except as necessary in carrying out the Services for the Company
consistent with the Company’s agreement with such third
party. |
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(d) |
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Upon
the expiration or termination of this Agreement, or upon
Company’s earlier request, Consultant will deliver to the
Company all of the Company’s property and Confidential
Information that is in Consultant’s possession or control,
and any copies, reproductions, derivations, or variations thereof
in whatever form. |
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(e) |
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The
Parties agree that disclosure or use of the Confidential
Information in violation of this Agreement could cause irreparable
harm to Company and the Business. Therefore, to protect Company
Confidential Information and for the consideration set forth
herein, Consultant agrees to refrain, during the Restricted Period,
from (i) engaging in a relationship as a contractor, advisor, board
member or employee with one of the following current or potential
Taleo competitors or a successor in interest to one of the
following entities: Oracle (in a role relating to talent management
solutions), SAP (in a role relating to talent management
solutions), ADP (in a role relating to talent management
solutions), Kronos, Salesforce.com (in a role relating to talent
management solutions), Workday, Successfactors, Plateau, Halogen,
Workopolis, Kenexa, Authoria, Jobpartners, Vurv, Peopleclick, or
Stepstone; or (ii) engaging in any activities which, by their
nature, could not be carried out without Consultant disclosing
Company Confidential Information, or sharing proprietary details of
any Work Product. Consultant further agrees that Work Product
created pursuant to this Agreement may not be shared with any third
party, whether or not Taleo’s identity or Taleo’s
purpose for the work product may be ascertained from the Work
Product. In view of Consultant’s access to the
Company’s Confidential Information, trade secrets and
proprietary know-how, Consultant further agrees that Consultant
will not, without Company’s prior written consent, design
identical or substantially similar designs as those developed under
this Agreement for any third party during the term of this
Agreement and the Restricted Period. |
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4.
OWNERSHIP
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(a) |
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The
parties agree that all work product and deliverables created by
Consultant, at whatever stage of completion and from the moment of
creation, including all documents, designs, computer programs,
computer systems, data, computer documentation and other materials
authored or prepared by Consultant for Company (“Work
Product”) shall become the sole and exclusive property of
Company and all right, title and interest in such Work Product
shall pass to and be retained by Company. Such Work Product shall
be considered works made for hire as that term is defined under
United States copyright laws. In the event any Work Product does
not fall within the specifically enumerated works that constitute
works made for hire under the United States copyright laws,
Consultant hereby agrees to assign and, upon their authorship or
creation, expressly and automatically assigns all copyrights,
proprietary rights, trade secrets, and other right, title and
interest in and to such Work Product to Company. |
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(b) |
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Consultant
agrees to assist Company, or its designee, at the Company’s
expense, in every proper way to secure the Company’s rights
in the Work Product and any copyrights, patents, mask work rights
or other intellectual property rights relating thereto in any and
all countries, including the disclosure to the Company of all
pertinent information and data with respect thereto, the execution
of all applications, specifications, oaths, assignments and all
other instruments which the Company shall deem necessary in order
to apply for and obtain such rights and in order to assign and
convey to the Company, its successors, assigns and nominees the
sole and exclusive rights, t |
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