
1. | Other items – |
a. | Housing rental or lease costs – |
i. | The company will pay on your behalf, or directly reimburse you, for monthly lease or rental costs related to housing in California for the period of January 1, 2017 through March 31, 2018. These payments or reimbursement will be included in your taxable income for this period. |
b. | Additional temporary cost of living adjustments – |
i. | The company will pay you $2,325 per month for the period of January 1, 2017 through March 31, 2018, for additional incidental costs associated with you assuming the role of VP Products to compensate for the difference in regional cost-of-living expenses. These payments will be included in your taxable income for this period. |
c. | Automobile costs – |
i. | The company will pay you $300 per month for the period of January 1, 2017 through March 31, 2018, for the lease or rental cost of an automobile. These payments will be included in your taxable income for this period. |
d. | Personal travel – |
i. | The company will reimburse you commercial airfare, round trip, coach travel, for up to 4 personal trips for you individually to your home in Florida during calendar year 2017. These reimbursements will be included in your taxable income for this period. |
e. | The company will reimburse you $5,000 for professional tax services for the tax year 2017. This reimbursement will be included in your taxable income for this period. |
2. | Tax adjustments - |
a. | For of each of tax years 2017 and 2018, the company will pay you an amount equivalent to the individual tax assessed on you for the respective “Other items” |
Aerohive Networks | Alan Amrod | |
Dave Flynn | Alan Amrod | |
Date: | Date: | |
• | Addendum 1 – Effective 2/27/2017 |
Dave Flynn | Alan Amrod | ||
Date: | Date: | ||
• | Addendum 2 – Effective 7/1/2017 |
Dave Flynn | Alan Amrod | ||
Date: | Date: | ||
• | Addendum 3 – Effective 2/21/2018 |
Item 4 – | 85,285.07, gross up to compensate for the tax liability created by payments outlined above. |
Dave Flynn | Alan Amrod | ||
Date: | Date: | ||