![]() During the Draw Period, you will be paid the greater of your earned commissions or the draw in a given month. The monthly draw will equate to 1/12 of your annual target variable as indicated in this offer letter. Not withstanding this, for the first three (3) months of your employment (“Draw Period”) and based on you working through this period, you will be provided a non-recoverable draw of 100% of your monthly variable target commissions, less applicable taxes, deductions and withholdings. No amount of any incentive compensation is guaranteed and you must satisfy any and all conditions established by Zoom for such incentive compensation program to earn and be eligible for payment of incentive compensation. The amount of the incentive compensation, if any, that you earn will be determined based on Zoom’s performance and meeting performance targets established by Zoom pursuant to Zoom’s applicable incentive compensation plan(s), and will be pro-rated for your services to Zoom during the applicable performance period. You will also be eligible to earn and receive incentive compensation in the total target amount per year of 100% of your annual salary rate, pursuant to the terms and conditions of applicable Zoom incentive compensation plan(s), which may be paid annually or quarterly or quarterly as determined by Zoom consistent with such plan(s). Zoom will pay you a salary at the rate of $425,000 per year, payable in accordance with Zoom’s standard payroll schedule. Your anticipated start date with Zoom is Aug(such actual start date, the “Start Date”). By signing this letter agreement, you confirm that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for Zoom. While you render services to Zoom, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with Zoom. ![]() You will serve as Chief Revenue Officer, and you will report to Eric Yuan, CEO. (“Zoom”), on the terms set forth in this offer letter agreement: 2. Exhibit 10.4 Ryan Azus VIA EMAIL Re: Employment Terms Dear Ryan: I am pleased to offer you employment with Zoom Video Communications, Inc. ![]()
0 Comments
Leave a Reply. |