Exhibit 10.34

 

March 4, 2003

 

Mr. Timothy J. Stevens

10460 Serra Street

Cupertino, CA 95014

 

Re: Amendment to Employment Agreement

 

Dear Tim,

 

In connection with the Employment Agreement (the “Agreement”) dated September
17, 2003, by and between you and Borland Software Corporation (“Borland”), the
parties hereby agree to amend the Agreement to add the following provision:

 

If Borland terminates your employment for other than Misconduct or there is a
Constructive Termination, and contingent upon your signing of a general release
acceptable to Borland, Borland agrees that you will be entitled to a severance
payment equal to six (6) months of base salary, less applicable taxes and other
withholdings as determined by Borland’s payroll department.

 

Other than as expressly modified above, all of the other terms and conditions of
the Agreement dated September 17, 2003 shall remain in full force and effect
without modification.

 

Sincerely,

BORLAND SOFTWARE CORPORATION

By:  

/s/    KENNETH R. HAHN        

   

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Kenneth R. Hahn

Senior Vice President and

Chief Financial Officer

 

AGREED AND ACCEPTED ON MARCH 4, 2004

/s/    TIMOTHY J. STEVENS        

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Timothy J. Stevens