Vice President, Business Development Employment Agreement

Exhibit 10.29

February 13, 2001

Dr. John Rasmus
211 Duxbury Court
San Ramon, California 94583

Dear John:

This offer letter supercedes in its entirety and replaces our February 6, 2001 offer letter and sets forth the entire agreement between you and us relating to the subject matter addressed herein.

It is our pleasure to offer you employment at GRIC Communications, Inc., in the position of Vice President, Business Development, reporting to Dr. Hong Chen, Chief Executive Officer. In this role you will be responsible for the functions of Business, Corporate and Strategic Development for the Company.

Compensation: Your initial compensation is based on a semi-monthly base salary of $8,333.33, which is equivalent to $200,000.00 per year, and is subject to annual review. Paydays are twice monthly, on the 15th and the last working day of each month. You will also be eligible for an annualized target incentive bonus equal to 40% of your base salary ($80,000 at 100% of Plan). This bonus will be payable annually in accordance with GRIC's then current incentive bonus program and will be based partially on the achievement of mutually agreed performance objectives and partially on the attainment of corporate objectives.

In addition, this offer carries a one time hiring bonus of $40,000 less taxes. This payment will be made available to you 30 days after your first day of employment. However, should you leave your employment with the Company voluntarily for any reason prior to the first anniversary of your date of hire, a pro rata amount calculated by dividing the number of days remaining between the date you cease to be employed by GRIC and the first anniversary of your employment by 365 and multiplying the result times $40,000 will be deducted from any amounts owed to you by the Company, or repaid by you within thirty (30) days of your termination date, if the amount unearned exceeds the amount of the salary, bonus, accrued vacation or other compensation or reimbursement owed to you by the Company.

Employee Stock Option: After your acceptance of this offer, we will recommend to the Board of Directors that you be granted an option to purchase up to 100,000 shares of GRIC's common stock, at an exercise price equal to the closing price of GRIC Communications, Inc. common stock on The Nasdaq National Market on the date of grant. This option would be subject to the Company's standard vesting schedule (20% after ten months and 2% per month thereafter) and vesting would commence as of your date of employment.

Should the Company, or its successor elect to terminate your employment with in one year as Vice President of Business Development without cause following an acquisition or merge ...