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Ellie Mae Inc – IPO: ‘S-1’ on 4/30/10 – EX-10.7

On:  Friday, 4/30/10, at 5:13pm ET   ·   Accession #:  1193125-10-102300   ·   File #:  333-166438

Previous ‘S-1’:  None   ·   Next:  ‘S-1/A’ on 8/5/10   ·   Latest:  ‘S-1/A’ on 4/14/11   ·   5 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/30/10  Ellie Mae Inc                     S-1                   24:4.2M                                   RR Donnelley/FA

Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML   1.81M 
 2: EX-2.1      Asset Purchase Agreement                            HTML    152K 
 3: EX-2.2      Agreement and Plan of Merger                        HTML    300K 
 4: EX-3.1      Amended and Restated Certificate of Incorporation   HTML     86K 
 5: EX-3.3      Bylaws of Ellie Mae, Inc.                           HTML    134K 
 6: EX-4.2      Amended and Restated Investors' Rights Agreement    HTML    145K 
 7: EX-4.3      Amendment and Waiver to Amended and Restated        HTML     43K 
                          Investor Rights Agreement                              
 8: EX-4.4      Common Stock Purchase Warrant, Issued to Fl         HTML     50K 
                          Advisors, LLC                                          
 9: EX-4.5      Common Stock Purchase Warrant, Issued to New Casa   HTML     41K 
                          188, LLC                                               
10: EX-4.6      Form of Warrants Issued to Existing Stockholders    HTML     40K 
11: EX-10.1     Ellie Mae, Inc. Amended and Restated 1999 Stock     HTML    144K 
                          Option and Incentive Plan                              
19: EX-10.10    Second Modification to Business Loan Agreement and  HTML     27K 
                          Master Revolving Note                                  
20: EX-10.11    Sublease                                            HTML     76K 
21: EX-10.12    Savvis Master Services Agreement                    HTML     63K 
12: EX-10.2     Ellie Mae, Inc. 2009 Stock Option and Incentive     HTML    143K 
                          Plan                                                   
13: EX-10.4     Amended and Restated Employment Agreement           HTML     53K 
14: EX-10.5     Offer Letter, Between Ellie Mae, Inc. and Jonathan  HTML     15K 
                          Corr                                                   
15: EX-10.6     Offer Letter, Between Ellie Mae, Inc. and Joseph    HTML     15K 
                          Langner                                                
16: EX-10.7     Offer Letter, Between Ellie Mae, Inc. and Edgar     HTML     15K 
                          Luce                                                   
17: EX-10.8     Amended and Restated Business Loan Agreement        HTML    110K 
18: EX-10.9     First Modification to Business Loan Agrmnt &        HTML     24K 
                          Master Revolving Note & Waiver                         
22: EX-21.1     List of Subsidiaries                                HTML      9K 
23: EX-23.3     Consent of Grant Thornton LLP                       HTML     10K 
24: EX-23.4     Consent of Haskell & White LLP                      HTML     10K 


EX-10.7   —   Offer Letter, Between Ellie Mae, Inc. and Edgar Luce


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Offer Letter, between Ellie Mae, Inc. and Edgar Luce  

Exhibit 10.7

LOGO

July 14, 2005

Edgar Luce

[Address]

Dear Ed:

We are very pleased to offer you the Chief Financial Officer position reporting to Sigmund Anderman, our Chief Executive Officer effective July 16, 2005. As a valued member of our organization we look forward to your contributions.

Your total compensation package includes an annual base salary of $200,000, a bonus opportunity of 35% (of base salary), stock options and benefits. The bonus plan objectives will be split equally between individual performance and company performance with a payment structure consistent with existing management plans.

On February 22, 2005, you were granted stock options to purchase 250,000 shares of Company stock. The stock options vest over 4 years, beginning October 7, 2004 with 25% of the options after one year and monthly thereafter. Sig has committed to requesting from the Board an increase in options for you and other members of management, to hopefully bring your total equity position to approximately one percent (1%) of fully diluted stock outstanding, within the next twelve months.

Ellie Mae provides an extensive benefits package which includes medical, dental, vision, life, short and long term disability insurance. You will also continue to be eligible for health and welfare benefits including our 401K plan, and receive an employer match after your first year. In addition, you will be eligible to accrue three weeks or 120 hours of PTO (paid time off hours) to use for vacation, illnesses or personal needs. We will bridge your service for PTO and 401k accrual purposes to the effective date of your Acting CFO engagement, October 7, 2004.

Confidentiality

All proprietary information of the company, including web site and computer design and strategy, marketing strategy, customer and partner information, shall remain confidential and you agree not to use such information at any time during or after your employment except in the fulfillment of your responsibilities hereunder.


We expect that your association with Ellie Mae will be mutually beneficial. Nonetheless, Ellie Mae Inc. is an “at will employer,” which means that you or Ellie Mae can terminate employment at any time with or without cause, and with or without notice. In the case of involuntary termination, except for cause, of your employment with the Company, you will receive four (4) months of salary as severance payment.

This letter represents the entire understanding between the parties with respect to the terms of your employment. The terms of your employment, including your at will status, may not be modified orally. Any modification must be in writing and signed by the Chief Executive Officer of Ellie Mae, Inc.

Ed, we feel that you will continue to positively impact our organization and hope that you will find challenge, satisfaction and opportunity in your association with Ellie Mae.

 

Sincerely,

/s/ Lisa Bruun

Lisa Bruun
Vice President of People

 

Employee Signature

/s/ Edgar Luce             7/21/05

Edgar Luce                     Date

             Initial here


Dates Referenced Herein

This ‘S-1’ Filing    Date    Other Filings
Filed on:4/30/10None on these Dates
7/16/05
7/14/05
2/22/05
10/7/04
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/12/11  SEC                               UPLOAD10/18/17    1:49K  Ellie Mae Inc.
 3/23/11  SEC                               UPLOAD10/18/17    1:50K  Ellie Mae Inc.
 3/10/11  SEC                               UPLOAD10/18/17    1:50K  Ellie Mae Inc.
 1/07/11  SEC                               UPLOAD10/18/17    1:51K  Ellie Mae Inc.
 5/27/10  SEC                               UPLOAD10/18/17    1:99K  Ellie Mae Inc.
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Filing Submission 0001193125-10-102300   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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