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EXHIBIT 10.4
November 16, 2000
Mr. Joseph Marino
839 Santmyer Drive, SE
Leesburg, VA 20175
Dear Joe:
We are pleased to confirm our verbal offer for the position of Vice President,
Alliance Support, reporting to Jeff McKinney, Senior Vice President, Global
Business Consulting. This position is exempt.
In this position your monthly salary will be $12,916.67. You are also eligible
to begin participation in Manugistics' FY02 Business Consulting Compensation
Plan which commences March 1, 2001. This Plan offers you the opportunity to
receive up to 55% of your base salary. Manugistics' fiscal year is March 1 -
February 28. This position has regular performance reviews; performance reviews
at Manugistics are scheduled for March 1 of each year. Your first performance
review will be March 1, 2002 and will be pro-rated accordingly.
To encourage "ownership" of Manugistics, we provide each new employee with 50
stock options. In addition, we will recommend to the Board of Directors that the
Board grant you an option to purchase an additional 24,950 shares of stock on
the same terms as a Stock Option Plan of Manugistics Group, Inc. Please note
that these shares will participate in the upcoming Manugistics stock split. Our
Stock Plan Administrator will provide you with written confirmation of stock
options awarded.
In addition, upon successful 100% achievement of your FY '02 Business Consulting
Compensation Plan, you will have the opportunity to receive an additional 10,000
options (options will be valued at a price equal to the Fair Market Value of
Manugistics stock on the date of grant and the date of grant shall be February
28, 2002). Please note as such possible grant cannot occur until after the
payment date for Manugistics' upcoming stock split, this additional grant will
be made on a post-split basis (i.e., 10,000 shares is the maximum number of
shares you may receive pursuant to this possible grant). Finally, you are
eligible to receive two (2) Management Business Objective bonuses up to
$5,000.00 each, and which shall be based on specific criteria as outlined by
your manager.
In brief (effective on your first day of employment) you will be eligible for
our comprehensive Manugistics benefits program which includes:
- Employee Stock Purchase Plan
- 401(k) Retirement Plan
- Comprehensive Medical Care; Dental Care, Employee Vision Care
- Life Insurance; Accidental Death and Dismemberment Insurance;
Long-Term Disability
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Joseph Marino
November 16, 2000
Page Two
- Vacation (The first year is earned on a pro-rated schedule - please
refer to the Benefits Summary sheet enclosed as well as the Employee
Encyclopedia after you begin employment.)
- Sick Leave
- Company and Personal Holidays
Additional information on these and other valuable benefits is enclosed for your
reference. In keeping with Manugistics policy, all offers are contingent upon
successful completion of employment references.
As required by the Immigration Reform and Control Act of 1986, on your first day
of employment, you must provide Manugistics with documentation verifying your
eligibility to work in the United States. Acceptable forms of documentation are
described on the attached Employment Eligibility Verification form. Please read
this and the enclosed "Manugistics, Inc. Conditions of Employment."
Please signify your acceptance by signing this letter, the two copies of the
"Manugistics, Inc. Conditions of Employment" and the top portion of the attached
New Employee Information Sheet and returning these documents to Human Resources.
Please keep one copy of the signed Manugistics, Inc. Conditions of Employment
for your records. This offer of employment expires within 7 days from the date
of this letter. We look forward to your joining Manugistics on November 20,
2000, and are confident that the association will be mutually rewarding. There
will be a new employee orientation conducted that will go over our processes,
procedures and standards. Please refer to the enclosed sheet which describes how
your orientation will be handled.
Sincerely,
Manugistics, Inc.
/s/ ROBIN HOESCH
Robin Hoesch
Director
Human Resources
cc: J. McKinney
Enclosures
Accepted by:
/s/ JOSEPH MARINO 17-Nov-2000
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Joseph Marino Date
