Attached files
Exhibit 10.35
 |
Autobytel Inc.
Human
Resources Department
18872
MacArthur Blvd, Suite 200
Irvine,
CA 92612-1400
Voice:
(949) 225-4572
|
Effective July 16, 2016
TO:
Ralph
Smith
FROM:
Glenn
Fuller – EVP, Chief Legal and Administrative Officer and
Secretary
RE:
Promotion
It is a
pleasure to inform you of your promotion. Following is a summary of
your promotion.
NewPosition:
SVP, Digital
Marketing
New
Semi-monthlyRate:
$9,166.67 ($220,000
Approximate Annually)
Effective
Date:
July 16,
2016
Annual
Incentive Compensation:
You
shall be eligible to participate in annual incentive compensation
plans, if any, that may be adopted by the Company from time to time
and that are afforded generally to persons employed by the Company
at your employment level and position, geographic location and
applicable department or operations within the Company (subject to
the terms and conditions of any such annual incentive compensation
plans). Should such an annual incentive compensation plan be
adopted for any annual period, your target annual incentive
compensation opportunity will be as established by the Company for
each annual period, which may be up to 50% of your annualized rate
(i.e., 24 X Semi-monthly Rate) based on achievement of objectives
specified by the Company each annual incentive compensation period
(which may include Company-wide performance objectives; divisional,
department or operations performance objectives and/or individual
performance objectives, allocated between and among such
performance objectives as the Company may determine) and subject to
adjustment by the Company based on the Company’s evaluation
and review of your overall individual job performance in the sole
discretion of the Company. Specific annual incentive compensation
plan details, target incentive compensation opportunity and
objectives for each annual compensation plan period will be
established each year. Awards under annual incentive plans may be
prorated by the Company in its discretion for a variety of factors,
including time employed by the Company during the year, adjustments
in base compensation or target award percentage changes during the
year, and unpaid time off. You understand that the Company’s
annual incentive compensation plans, their structure and
components, specific target incentive compensation opportunities
and objectives, the achievement of objectives and the determination
of actual awards and payouts, if any, thereunder are subject to the
sole discretion of the Company. Awards, if any, under any annual
incentive compensation plan shall only be earned by you, an payable
to you, if you remain actively employed by the Company through the
date on which award payouts are made by the Company under the
applicable annual incentive compensation plan. You will not earn
any such award if your employment ends for any reason prior to that
date.
Your
promotion is conditioned upon your acceptance of the foregoing
modifications to the terms and conditions of your employment with
Autobytel Inc. If you accept these modifications to the terms of
your employment, please acknowledge your acceptance in the space
provided below.
Please
feel free to call if you have any questions.
Autobytel Inc.
By:/s/Glenn
E. Fuller______________________________
Glenn
Fuller
EVP,
Chief Legal and Administrative Officer and Secretary
Accepted
and Agreed:
/s/Ralph Smith_______
Ralph
Smith