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Exhibit 10.30
April 12, 2005
Cathy Welsh
[address]
Dear Cathy:
On behalf of Akamai Technologies, Inc. (referred to in this letter
collectively
with its subsidiaries as the "Company"), I am pleased to confirm
the offer of
full-time employment with the Company that Paul Sagan made to you
for the
position of Chief Human Resources Officer in our Cambridge office.
You will
report to Paul in this capacity starting on April 29, 2005. This
offer is
contingent upon the following: (1) completion of an employment
application,
which is enclosed with this letter; (2) your consent to and the
successful
completion of a background investigation conducted pursuant to the
Company's
standard procedures.
Your base salary will be $8,076.92 bi-weekly ($210,000.00 on an
annualized
basis). You will be eligible to receive an annual incentive bonus,
based on
performance against objectives set by your manager, of 25% of your
base salary
(pro-rated for 2005). Your compensation shall be subject to review
annually.
As part of this employment offer, the Company will recommend to the
Akamai Board
of Directors that you be granted a stock option under the Company's
1998 Stock
Incentive Plan (the Plan) for the purchase of an aggregate of
65,000 shares of
Common Stock of the Company, at an option price equal to the fair
market value
of the Common Stock as determined by the Board on the date the
Board of
Directors approves your stock option. If approved, your stock
options at Akamai
will vest over four years, provided you remain employed, all on a
schedule
beginning on the date your options are granted. The first 25
percent of the
options will vest on the first anniversary of your Grant Date. An
additional
6.25% of the original number of shares will vest at the end of each
successive
full three-month period following the first anniversary of the
Grant Date until
the fourth anniversary of the Grant Date. Subject to Board
approval, your
options will be evidenced by a separate option agreement embodying
these terms.
You will also be eligible to receive such future stock option
grants, as the
Board of Directors shall from time to time deem appropriate.
You will be eligible to participate in the Employee Stock Purchase
Program
beginning in the June 2005 offering period. This plan allows you to
contribute
between 1% and 15% of your salary through regular payroll
deductions. The Akamai
plan provides for a two-year offering period, that includes four,
six-month
purchase periods. At the end of each six-month purchase period, the
money that
has been deducted will be used to purchase shares of Akamai common
stock at 85%
of the closing price of the Common Stock at the beginning of the
offer period or
end of the purchase period, whichever is lower.
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You will be eligible to elect health insu
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