Exhibit 10.30
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December 17, 1999
Kathleen Urbelis
1832 El Nido
Diablo, CA 94528
Dear Kathleen:
Concur Technologies, Inc. ("Concur" or the "Company") is pleased to offer you
the position of Vice President of Client Services, HR Products Division,
reporting to Rob Reid, Executive Vice President, Concur HR. Compensation for
this position is $11,666.67 per month.
You will be eligible to earn, on an annual basis (based on our Fiscal year), up
to an additional $15,000.00 in compensation, based on an individual incentive
plan. For FY00, from October 1, 1999 through September 30, 2000, this bonus will
be based on a "to be determined" performance metric. We will solidify the
details of your individual plan within 30 days of your start date.
If you accept our offer, you will be granted an option to purchase 11,000 shares
of Common Stock. This option will vest with respect to one-fourth (25%) of the
shares after one year, with the balance vesting in equal monthly increments over
the succeeding three years. Based on your acceptance of the terms of this offer,
the per share price of your options will be set as the closing price of the
Company's Common Stock, as reported at the end of the trading day, on your first
full day of employment with Concur.
Attached is a summary of benefits Concur makes available to employees in
positions similar to the one offered to you. Medical and Dental coverage is
effective immediately upon your start of work with the Company. Our 401(k) Plan
and Employee Stock Purchase Plan (ESPP) have enrollment dates throughout the
year. The details of our plans and enrollment information will be covered on or
shortly after your start date.
We ask that you complete the enclosed Employee Confidential Information and
Inventions Agreement (the "Confidentiality Agreement") prior to commencing
employment. In part, the Agreement requires that an employee refrain from using
or disclosing the Company's Confidential Information (as defined in the
Confidentiality Agreement) in any manner which might be detrimental to or
conflict with the business interests of Concur or its employees.
This agreement does not prevent a former employee from using his or her general
knowledge and experience, no matter when or how gained, in any new field or
position.
This letter and the Confidentiality Agreement represent a formal statement
concerning the terms of your proposed employment and constitute a formal offer
of employment to you. As such, these documents supersede and merge any earlier
proposal or prior arrangement, whether oral or written,
Kathleen Urbelis
December 17, 1999
Page 2
between you and the Company, and any other communications between you and the
Company regarding your employment. The terms of this offer may only be changed
by written agreement, although the Company may from time to time, in its sole
discretion, adjust the compensation and benefits paid to you and its other
employees. In addition, this offer is conditioned upon your confirmation that
there are no non-competition agreements or other contracts between you and any
other party that would restrict or impair your right or ability to accept
employment with or to work for the Company, and that your acceptance of our
offer will not violate any obligation you have to any former employer or any
other party not to disclose or use confidential or proprietary information.
Under Washington State law, employees have the right to terminate their
employment at any time with or without cause or notice, and the Company reserves
for itself an equal right.
It is anticipated that your start date will be on January 4, 2000. Should you
have any questions with regard to any of the items indicated above, please feel
free to call me. Your acceptance of this offer may be made by:
. Signing this original letter and the Confidentiality Agreement (in
their entirety) and faxing them to this office at (425) 702-0674 by
3:00 p.m. on December 21, 1999.
. The signed originals must be received by Concur prior to your start
date. A stamped, self-addressed envelope is enclosed for your
convenience.
You will need to provide employment eligibility verification within three days
of your start date. The U.S. Immigration and Naturalization Service law passed
in 1986 requires this. Please bring identification with you on your first day so
that we may complete the I-9 form during orientation.
Kathleen, we hope that you and Concur will find mutual satisfaction with your
employment. All of us at Concur are very excited about your joining our team and
look forward to a beneficial and fruitful relationship.
Sincerely,
/s/ Bonnie J. Wood
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Bonnie J. Wood
Director of Recruiting
ACCEPTED BY:
/s/ Kathleen Urbelis
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Kathleen Urbelis Date
Start date: _________________________