EXHIBIT 10.20
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February 5, 1998
Ad Nederlof 970 Peachtree Battle Avenue, NW Atlanta, Georgia 90327
Dear Ad:
On behalf of Genesys Telecommunications Laboratories, Inc. (the "Company"), I am pleased to offer employment with the Company on the following terms:
1. You will be employed as Managing Director EMEA and member of the executive
committee reporting to the CEO with an anticipated start date of February
15, 1999. This offer and your employment is contingent upon:
A. Satisfactory results of background and reference checks.
B. Receipt of an executed copy of the Company's form of confidential
information and invention assignment agreement (which is attached)
C. Your agreement to devote, during your employment, your full time efforts
to your responsibilities at the Company and not to engage in any other
activities which would conflict with the best interests of the Company.
2. Your base compensation will be $230,000 annualized salary ("Base Salary"),
plus commission/bonus potential of up to $150,000 in accordance with the
Company's bonus plan in effect, if any.
3. We will propose to the Board that you be granted options to purchase shares
of the Company's Common Stock under the Company's 1997 Stock Incentive Plan
at a purchase price equal to the fair market value of such shares on the
date the options are approved by the Board. The option will be for 300,000
share and will vest of over a period of four years beginning with your date
of employment, at a rate of 25% of the shares at the end of the first year
and 1/48th of the shares at the end of each month thereafter.
4. The options will provide for certain acceleration upon a constructive
termination in the event of a change of control, and such provision will be
consistent with those provided in the option agreements with similar
officers of the Company, a copy of such language is attached hereto as
Schedule A.
5. You will be eligible to participate in the company's standard package of
employee benefits, which includes medical, dental, life and disability
insurance, a flexible spending program, and Employee Stock Purchase Plan
(ESPP).
6. At all times, your employment with the Company is "at-will", which means
that employment with the Company may be terminated at any time by either you
or the Company with or without cause or justification, subject only to the
entitlements, liabilities and obligations set forth in 5(a)-(e), below; and
upon any termination of
Letter to Mr. Nederlof _____________, 1998 Page 2
your employment, you agrees to immediately resign as an officer of Company.
Although other terms and conditions of employment, including job duties and
title, compensation and benefits, may be changed by the company at any time,
the at-will nature of an employment relationship shall not change.
(a) Termination for Cause.
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(i) In the event that Company terminates your employment for "cause,"
Company's total liability under this Agreement shall be that
described in 5(b)(i) below. "Cause" shall mean:
(1) gross negligence or your repeated failure to perform your
duties and responsibilities to the reasonable satisfaction of
the CEO, President or other appropriate officer or any breach
by you of your fiduciary duties to the Company (including the
meeting of any agreed to milestone or plans). For purposes of
this letter, any act or acts or omission or omissions by you
that may have a material adverse effect on the Company's
operations or business shall be deemed to be a breach of you
duties and responsibilities to the Company; or
(2) the commission of any criminal acts, act of fraud, embezzlement
or actual dishonesty by you, any unauthorized use or disclosure
by you of confidential information or trade secrets of Company
(or any Parent or Subsidiary).
(ii) In the event that Company terminates your employment other than for
"Cause," Company's total liability under this Agreement shall be
that described in 5(b)(ii) below.
(b) Entitlements and Liabilities Upon Termination. Your entitlements and the
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Company's liabilities upon any termination of your employment shall be
one of the following, depending upon the circumstances of the
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