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Document Preview Letter Agreement Re: Employment Offer |
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Title: |
Letter Agreement Re: Employment Offer |
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Entities: |
Quovadx, Inc.; David E. Nesvisky; Quovadx Inc |
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Date: |
2003 |
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Size: |
Preview shows 2KB of 5KB total |
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Price: |
$33 |
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ID: |
#138467 |
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February 20, 2002 CONFIDENTIAL
David E. Nesvisky
9708 Layminster Lane
Vienna, VA 22182
Dear Dave,
I am delighted to extend to you this offer to join Quovadx, Inc. as
Executive Vice President of Sales. The following are the terms and conditions of
our offer of employment.
TITLE: Executive Vice President of Sales
REPORTING: Lorine Sweeney, President and Chief Executive Officer
BASE SALARY: An annual salary of $250,000 payable over twenty-six (26)
pay periods.
COMMISSION: See attached Compensation Worksheet
EXTRAORDINARY
BONUS: You will receive a first year bonus of $150,000 which will
be paid quarterly. Your second year bonus will be $100,000
(paid quarterly).
DRAW: Your first years' compensation will be set at $850,000.
The components of your compensation will be comprised of a
$250,000 base salary, $150,000 in first year bonus and
$450,000 in non-recoverable draw. Should your quota
performance place your total targeted earning above
$850,000 you will be entitled to that incremental
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