TeleNav 2014 Annual Report Download - page 128

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Exhibit 10.30#
Telenav, Inc.
950 De Guigne
Sunnyvale, CA 94085
Tel: (408) 245-3800 / Fax: (408) 245-0238
Date: April 3, 2014
Re: Offer of Employment
Dear Vincent:
Telenav, Inc. (“The Company” of “Telenav”)
is very pleased to offer you the position of Senior Vice President of
Engineering, reporting to HP Jin, on the following terms.
Your base salary compensation shall be $29,166.67 per month, less payroll deductions and all required withholdings.
You will be paid semi-monthly and you will be eligible for the following Company benefits per our standard plans and
policies: medical insurance, dental and vision insurance, FSA account participation, 401K participation with Company
match, vacation, sick leave, and holidays. Details about these benefit plans are available for your review.
You will be eligible for an annual bonus of up to 60% of your base salary as part of our 2013 Telenav Incentive Plan.
This bonus is based on successful execution of set objectives. Details of the 2013 Telenav Incentive Plan will be
provided by your Manager
.
In addition, we will recommend that the Telenav board of directors grant you a Restricted Stock Unit (RSU) equivalent
to 250,000 shares of Telenav Stock, which will vest in four equal amounts annually over the next four years. We
anticipate that you will enter into an irrevocable election relating to the units to permit the payment of required taxes
upon vesting of the Units.
We are also pleased to offer you a sign-on bonus of $100,000.00 to be paid in two separate payments. The first payment
will be made six months after your start date (provided that you are still employed by Telenav), and the second payment
will be made on your first anniversary with the company, provided that you continue to be employed by Telenav.
As a Telenav employee, you will be expected to abide by Company rules and regulations, acknowledge in writing that
you have read the Company’
s Employee Handbook, and sign and comply with a Proprietary Information and Inventions
Agreement, which prohibit unauthorized use or disclosure of Telenav proprietary information. A copy of that Agreement
is included with this letter.