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Executive Employment Letter Agreement

Executive Employment Agreement

Executive Employment Letter Agreement | Document Parties: ACCELRYS, INC. You are currently viewing:
This Executive Employment Agreement involves

ACCELRYS, INC.

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Title: Executive Employment Letter Agreement
Date: 7/20/2009
Industry: Software and Programming     Sector: Technology

Executive Employment Letter Agreement, Parties: accelrys  inc.
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Exhibit 10.1

June 30, 2009

Todd Johnson

5906 Wedgewood Drive

Granite Bay, CA 95746-6704

Dear Todd:

The following sets forth our agreement regarding your continued employment.

Position/Location : You will assume the position of Senior Vice President of Marketing and Operations and will be a member of the Executive Management Team of Accelrys. In this role you will report directly to Max Carnecchia, CEO and perform duties as requested by him. It is understood that you be based from your home in Northern California and will travel to our San Diego, CA headquarters in this role.

Compensation : Your compensation in the above position will include an annual base salary of $111,000.00 which reflects a partial time schedule and which will be paid semi-monthly at the rate of $ 4,625.00 per pay period net of any and all applicable taxes and in accordance with our standard payroll processing cycle. In addition, you will be eligible for a targeted bonus of 40% of your base salary amount to be earned upon the achievement of both corporate and individual objectives pursuant to the terms of, the FY10 Management Incentive


 
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