SiliconBeat

Ariba agreed this week to pay its new chief financial officer, Ahmed Rubaie, an additional $232,000 to  reimburse him payments he has made “in connection with a rental agreement for his home in Boston,” which he vacated when after being hired by Ariba in July.

The payment covers “rent, securities deposit, professional fees and commissions plus a lump sum payment releasing him from all further obligations under such lease agreement.” He has agreed to reimburse the company for the payment should he quit prior to his one-year anniversary with the company on July 21, 2009.

His original employment agreement with Ariba called for Rubaie to get a base salary of “not less than $400,000,” along with a signing bonus of $200,000, the first half of which was paid within his first month with the company and the remaining bonus will be paid within six months of his first day. He was also eligible to receive an annual bonus for fiscal year 2009 targeted at “not less than $200,000,” based upon certain criteria the company has established. He received a guaranteed bonus of “not less than $150,000″ for fiscal year 2009, of which $50,000 will be paid in November 2008, less than four months after he started, with the remaining $100,000 payable in June.

He was also given restricted shares with a market value of $1.4 million, based on the per-share value of the stock in the 30 days preceding his employment date. He ended up getting 92,666 shares in the grant, which worked out to a value of $15.11 per restricted share.