EX-10.10.1 2 d506878dex10101.htm EX-10.10.1 EX-10.10.1

Exhibit 10.10.1

 

LOGO

December 12, 2012

Neil Hudspith

Re: Offer of Employment

Dear Neil,

I am pleased to offer you a position with DocuSign, Inc. (the “Company”) as Chief Revenue Officer, based in our San Francisco office, reporting to me, commencing on or before January 2, 2013. You will receive a semi-monthly salary of $10,416.67 ($250,000 annualized) which will be paid in accordance with the Company’s normal payroll procedures. In addition, you will be eligible for annualized variable compensation of $250,000 based on performance against goals established by management within 30 days of your date of hire.

We will recommend to the Board of Directors of the Company that, at the next Board meeting, you be granted an incentive stock option entitling you to purchase up to 840,000 shares of Common Stock of the Company at the then current fair market value as determined by the Board at that meeting. Such options shall be subject to the terms and conditions of the Company’s Stock Option Plan and Stock Option Agreement, including vesting requirements.

As a Company employee, you will also be eligible to receive certain employee benefits including PTO, healthcare, dental coverage, and a 401(k) plan. You should note that the Company may modify salaries and benefits from time to time as it deems necessary. You should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason.

Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any.

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.

You agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company.

As a Company employee, you will be expected to abide by company rules and regulations. You will be specifically required to sign an acknowledgment that you have read and understand the company rules of conduct which are included in the employee handbook which you will receive on your first day of employment. You will be expected to sign and comply with an Employment, Confidential Information, Invention Assignment, Non-Competition and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and non-disclosure of proprietary information. The Agreement also provides that in the event of any dispute or claim relating to or arising out of our working relationship, you and the Company agree that all such disputes shall be resolved by binding arbitration

 

111 Sutter Street, San Francisco, CA 94104   |   Toll free (877) 720-2040   |   www.docusign.com


LOGO

 

To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below by December 17, 2012. This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you.

We look forward to working with you at DocuSign, Inc.

 

Sincerely,
DOCUSIGN, INC.
/s/ Keith Krach
Keith Krach

 

ACCEPTED AND AGREED:
Dec–17–2012
Date
William Neil Hudspith
Name
/s/ William Neil Hudspith
Signature

 

111 Sutter Street, San Francisco, CA 94104   |   Toll free (877) 720-2040   |   www.docusign.com