Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | ||||||||
| Item 9.01. Financial Statements and Exhibits | ||||||||
| SIGNATURES | ||||||||
| EXHIBIT INDEX | ||||||||
| EXHIBIT 99.1 | ||||||||
Table of Contents
Item 5.02.
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On November 9, 2007, Bradford Benson, Executive Vice President, Products and Technology of
Taleo Corporation (“Taleo”), entered into a consulting agreement with Taleo, effective November 15,
2007 (the “Consulting Agreement”). In connection with entering into the Consulting Agreement, Mr.
Benson will resign as Executive Vice President, Products and Technology, and the employment
agreement between Mr. Benson and Taleo dated March 8, 2006 will terminate, effective November 15,
2007.
Pursuant to the Consulting Agreement, Mr. Benson will provide certain product, technology and
strategy related services for Taleo, and Taleo will pay Mr. Benson $20,000 per month. The
Consulting Agreement terminates on February 28, 2008, unless terminated earlier or extended
pursuant to its terms. Also, Mr. Benson is subject to nonsolicitation and noncompetition covenants
for one year following the termination or expiration of the Consulting Agreement, as well as
customary confidentiality covenants for the term of the Consulting Agreement and one year
thereafter.
Item 9.01.
|
Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit No. | Description | |
99.1
|
Consulting Agreement between Taleo Corporation and Bradford Benson, effective November 15, 2007 |