Ariba 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event Reported): October 15, 2008
(Exact Name of Registrant as Specified in its Charter)
Registrants telephone number, including area code: (650) 390-1000
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On October 15, 2008 (the Effective Date), Ariba, Inc. (the Company) entered into an Amendment to Employment Agreement (the Amendment) with Ahmed Rubaie for the purpose of reimbursing Mr. Rubaie for certain payments that he has made in connection with a rental agreement for his home in Boston which he vacated due to his employment with Ariba. These payments total $232,000 and include payments of rent, securities deposit, professional fees and commissions plus a lump sum payment releasing him from all further obligations under such lease agreement. The Amendment provides for the reimbursement to be made on an after tax basis and further provides that Mr. Rubaie must return to the Company all reimbursement payments and tax gross-up payments if Mr. Rubaie voluntarily terminates his employment with the Company prior to July 21, 2009.
The foregoing summary is qualified by reference to the copy of the Amendment that is attached as Exhibit 10.1 to this report.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.