Attached files
file | filename |
---|---|
10-K/A - ACXIOM 10-K/A - LiveRamp Holdings, Inc. | f10kamar3110acxiom.htm |
EX-31.A - CERTIFICATE CEO - LiveRamp Holdings, Inc. | ex31a.htm |
EX-32.A - CERTIFICATE CEO - LiveRamp Holdings, Inc. | ex32a.htm |
EX-31.B - CERTIFICATE CFO - LiveRamp Holdings, Inc. | ex31b.htm |
EX-10.Y - DONOVAN ACCEPTANCE LETTER - LiveRamp Holdings, Inc. | ex10y.htm |
EX-32.B - CERTIFICATE CFO - LiveRamp Holdings, Inc. | ex32b.htm |
EXHIBIT
10(x)
April 21,
2008
Shawn M.
Donovan
6003
Haley Way
Frisco,
TX 75034
Dear
Shawn:
I am very
happy to confirm Acxiom’s offer of a full-time position in the role of Global
Sales Leader reporting directly to me. It is anticipated that your
starting employment date will be on or around May 15, 2008. Please
confirm your start date upon acceptance of this offer. Your primary
place of employment will be Dallas, Texas. From time to time you will
be expected to travel to other Acxiom and client locations. Expenses
associated with business travel will be reimbursed to you, by Acxiom, upon the
timely submission of expense reports.
The
specific components of your cash compensation package are outlined
below:
·
|
Your
base salary will be in the amount of $14,583.33 per pay period, which
computes to $350,000.00 annually. Paychecks are issued on the
fifteenth and the last working day of each
month.
|
·
|
Your
annual cash incentive opportunity will be 65% of your base
pay. Incentive payments are calculated annually based on
attainment of financial targets. You must be employed on the
date of payout to receive payment.
|
The following represents a breakdown of
your compensation package:
Base Salary | $350,000.00 | ||||
Cash Incentive Opportunity | $227,500.00 | ||||
(At 100% attainment) | |||||
Total Cash Compensation Opportunity | $577,500.00 | ||||
(At 100% attainment) |
The
specific components of your equity package are outlined below:
·
|
14,000
Restricted Stock Units – time vested over a four year vesting
period.
|
·
|
28,000
Restricted Stock Units – a performance share plan that has a three year
cliff vest and is based on the achievement of performance period financial
objectives.
|
·
|
75,000
Stock Option – the exercise price of the stock options will be the fair
market value of the Company’s common stock on the date of the grant, and
the options will vest in equal increments over a four year vesting
period.
|
All
equity grants are subject to approval by the Compensation Committee of the
Acxiom Board of Directors. They will meet on May 22,
2008. In the event of termination of your employment, all equity
compensation will be governed by the standard Acxiom policies and procedures in
effect at the time of the termination.
In the
event that your employment is terminated involuntarily and without cause you
will be entitled to a lump sum payment equal to twelve (12) months base
salary. This payment will be subject to all applicable taxes and
withholdings.
You will
be eligible to participate in Acxiom’s benefits programs. Our
benefits offerings include health, life, vision, dental, 401(k), and stock
repurchase plan, among others. This offer is contingent upon
verification of your references, a satisfactory criminal background
investigation, your passing a pre-employment drug screening test, and
presentation of evidence of your authorization to work in the United
States. Upon acceptance of this offer please contact Marc Haynes at
501-252-6495 to arrange for the completion of your pre-employment requirements
and paperwork.
Shawn, we
look forward to your being a part of the Acxiom team. Please feel
free to contact me if you have any questions.
Sincerely,
/s/ John
Meyer
John
Meyer
CEO and
President
Acxiom
Corporation
NOTES: We
assume that your employment with Acxiom would not cause you to violate any
contract oragreement that you
have with any current of prior employer. If these assumptions are
incorrect, pleasenotify Acxiom
immediately. Your employment with Acxiom is not intended to and
should not induce or require you to rely on, use, or disclose any confidential
information or trade secrets of any current or prior employer. If you
do not believe this to be accurate, you must also notify Acxiom
immediately.
This
letter is not intended and should not be considered an employment agreement or a
guarantee of future compensation of any amount.
cc: | Cindy Childers | |
Jerry Jones |