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) 102 483K
2: EX-3.1 Articles of Incorporation/Organization or By-Laws 19 72K
3: EX-3.2 Articles of Incorporation/Organization or By-Laws 21 74K
4: EX-4.1 Instrument Defining the Rights of Security Holders 74 237K
10: EX-10.10 Material Contract 3 20K
11: EX-10.11 Material Contract 9 39K
12: EX-10.12 Material Contract 7 29K
13: EX-10.13 Material Contract 6 29K
5: EX-10.5 Material Contract 14 59K
6: EX-10.6 Material Contract 14 59K
7: EX-10.7 Material Contract 2 14K
8: EX-10.8 Material Contract 2 11K
9: EX-10.9 Material Contract 2 13K
14: EX-23.1 Consent of Experts or Counsel 1 6K
15: EX-27.1 Financial Data Schedule (Pre-XBRL) 2 8K
EX-10.7 — Material Contract
EX-10.7 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit 10.7
KOZMO.COM, INC.
80 Broad Street, 18th Floor
New York, NY 10004
October 14, 1999
Gerry Burdo
254 Verna Hill Rd.
Fairfield, CT. 06430
Dear Gerry:
On behalf of Kozmo.com, Inc. (the "Company"), I am pleased to invite
you to join the Company as Senior Vice President and Chief Financial Officer. In
this position, you will be expected to devote your full business time, attention
and energies to the performance of your duties with the Company. All
responsibilities and duties to previous business ventures must cease to exist at
the effective start date of employment. The effective date of your employment
will be November 1, 1999.
The terms of this offer of employment are as follows:
1. Compensation. The Company will pay you an annual salary of $200,000 for the
first full year you are employed by the Company. You will receive payment on a
bi-weekly basis in accordance with the Company's standard payroll policies. Your
salary will begin as of the effective date of employment. The first and last
payment by the Company to you will be adjusted, if necessary, to reflect a
commencement or termination date other than the first or last working day of a
pay period.
2. Reporting Relationship and Job Responsibilities. This position reports
directly to the Chief Executive Officer of the Company (Joseph Park). The job
responsibilities include financial operations, finance, controls, treasury,
inventory management, and administration.
3. Benefits. You will be entitled during the term of your employment to the
Company's standard benefits covering employees, as such may be in effect from
time to time.
4. Stock Option. The Company will grant to you options to purchase 582,026
shares (1.5% of total capitalization) of the Company's Common Stock pursuant to
the Company's 1999 Stock Option Plan (the "Plan") which has been approved by the
Board. The exercise price of your options will be $1.80. The options will vest
over four years with 145,507.5 options vesting upon the one-year anniversary of
the effective date of your employment and 12,125.54 options vesting at the end
of each full month thereafter until all options are vested, subject to the
provisions of the Plan and your continued employment with the Company. In the
event of an Initial Public Offering (IP0), a percentage of your options, based
on your tenure at the company (i.e. 25% if the company goes public at your one
year anniversary), will vest automatically with the remaining options following
the normal vesting schedule.
5. Employee Confidential Information and Ownership Agreement. As a condition of
this offer of employment, you will be required to complete, sign and return the
Employee Confidential Information and Ownership Agreement which is being
provided to you herewith.
6. Immigration Laws. For purposes of federal immigration laws, you will be
required to provide to the Company documentary evidence of your identity and
eligibility for employment in the United States.
7. General. This offer letter, the Employee Confidential Information and
Ownership Agreement and the agreement(s) representing stock options granted to
you under the Plan, when signed by you, set forth the terms of your employment
with the Company and supersede any and all prior representations and agreements,
whether written or oral. This agreement can only be amended in a writing signed
by you and an officer of the Company. Any waiver of a right under this agreement
must be in writing. This agreement and its enforcement will be governed by the
laws of the State of New York.
We look forward to your joining the Company. If the foregoing terms
are agreeable, please indicate your acceptance by signing the enclosed copy of
this letter in the space provided below and returning it to me, along with your
completed and signed Employee Confidential Information and Ownership Agreement.
Sincerely,
KOZMO.COM, INC.
By: /s/ Yong Kang
-------------------------------------
Name: Yong Kang
Title: President
ACCEPTED:
/s/ G. Burdo
-----------------------------------
Gerry Burdo
2
Dates Referenced Herein
| Referenced-On Page |
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This ‘S-1’ Filing | | Date | | First | | Last | | | Other Filings |
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| | |
Filed as of: | | 3/21/00 | | | | | | | None on these Dates |
Filed on: | | 3/20/00 |
| | 11/1/99 | | 1 |
| | 10/14/99 | | 1 |
| List all Filings |
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