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Executive Employment Agreement

 

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Title:

Executive Employment Agreement

Entities:

Captiva Software Corp.

Date:

2005

Size:

Preview shows 4KB of 20KB total

Price:

$36

ID:

#1143900

 

 

► Employment ► Employment ► Executive Employment Agreements
► Technology ► Software & Programming

 

 

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EXECUTIVE EMPLOYMENT AGREEMENT

 

This Agreement is dated as of June 24, 2005 between Captiva Software Corporation (the Company) and Howard Dratler (You). The Parties agree as follows:

 

1. Title Supervisor Duties. Your title is currently Executive Vice President of Field Operations, an officer position reporting directly to the Chief Executive Officer (CEO) of the Company, provided, however, that Your title, duties and responsibilities and reporting relationship are subject to adjustment at the discretion of the CEO, so long as any such adjustment is approved by the Compensation Committee of the Board of Directors or the full Board (the Board) and so long as Your then current base salary is not reduced and You remain an officer of the Company. You are expected to do and perform all services, acts and duties normally associated with Your then current position. You will work at the Companys headquarters located in San Diego, California. By signing this Agreement, You confirm with the Company that You are under no contractual or other legal obligation that would prohibit You from performing Your duties with the Company.

 

2. Loyal and Conscientious Performance. During Your employment with the Company, You shall devote Your full business energies, interests, abilities and productive time to the proper and efficient performance of Your duties to the Company, provided that You shall not be precluded from engaging in civic, charitable or religious activities or from serving on the board of directors of up to one publicly traded company or on a reasonable number of industry-related association boards or councils for business purposes, so long as such participation does not present any conflict of interest with the Company or adversely and materially affect the performance of Your duties for the Company.

 

3. Agreement Term. The initial term of this Agreement shall commence as of the date set forth above and end on December 31, 2006, provided that, on an annual basis, this Agreement shall automatically be extended for a new 2 year term commencing on January 1 of each year, unless the Company gives You written notice of non-renewal on or before November 30 of the prior year. The effect of giving notice of non-renewal is that this Agreement shall expire after the close of business on December 31 of the following year. Termination of this Agreement does not mean employment with the Company shall terminate; rather only that the benefits and obligations under this Agreement shall expire and You shall be considered an employee at-will, meaning either You or the Company may thereafter terminate Your employment at any time, for any or no reason. This Agreement replaces any prior employment agreements between You and the Company.

 

4. Base Salary. Your current base salary is $220,000 per year, less standard payroll deductions and all required withholdings, payable in regular periodic payments in accordance with Company policy. Your salary is established by the CEO, subject to the approval of the Compensation Committee of the Board (or the full Board, if there is no such committee) in its discretion and in accordance with Company policy for executives who report directly to the CEO.


 

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