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EXHIBIT 10.22
[LOGO]
March 30, 2000
Mary Cortani
5165A Redwood Retreat Road
Gilroy, CA 95020
Dear Mary:
I am delighted to offer you the position of Director of Internal Operations with
SiteSmith, Inc. You will report directly to myself, Treb Ryan, Founder and Sr.
V.P. of Operations.
The following summarizes the details of our verbal offer:
START DATE: 4/17/00
TITLE: Director of Internal Operations
ANNUAL BASE SALARY: $150,000.00
STOCK OPTION GRANT: 40,000 Shares
BONUS OPPORTUNITY: $25,000.00 per year based on revenue
and MBO's
SIGN ON BONUS: $10,000.00 (to be paid back to the company
if you voluntarily terminate within your
first year of employment)
(Stock Option Grant is subject to the rules of the SiteSmith, Inc. Employee
Stock Plan, Vesting Schedule and Approval of the Board of Directors. This plan
will be sent under separate cover.)
VACATION: 16 Personal Time Off (PTO) days per year
to accrue at 5.33 hours per pay period
You will also be eligible for coverage under the SiteSmith, Inc., Medical and
Dental plans and Life Insurance plan. Descriptions of these plans will be
provided when you report for work.
Enclosed is our company's Confidentiality Agreement and Invention Assignment
Agreement. Please be sure to read each of these Agreements and understand that
you will be asked to sign each Agreement as a condition of employment.
Your employment is contingent on your providing us with evidence that you have a
legal right to work in the United States pursuant to provisions of the
Immigration Reform & Control Act of 1986.
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SiteSmith, Inc., is an "at will employer" thus either you or the Company may
terminate the employment relationship at any time for any reason with or without
cause.
We are pleased to extend this offer to you until April 7, 2000. To accept,
please sign below and return to Sherri Shimomura, HR Director, Site Smith, 3283
Scott Blvd., Santa Clara, CA 95054. Please retain the duplicate for your
records.
Mary, we are very excited about the prospects of working with you. In fact, we
believe that you will be an important contributor towards our continued success.
Sincerely,
/s/ Treb Ryan
Treb Ryan
Founder and Sr. V.P. of Operations
SiteSmith, Inc.
Accepted and Agreed to by:
/s/ Mary Cortani 4/7/00
Mary Cortani Date
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Start Date (If different from above)
