Exhibit 10.1
August 25, 2016

Enrico Digirolamo
46222 Galway Drive
Novi, MI 48374

Re: Retention Bonus    

Dear Rico,
We consider your continued service and dedication to Covisint Corporation
essential to our business plan. To induce you to remain employed with Covisint,
and to address any concerns about your job security, we are pleased to offer you
a retention bonus, as described in this letter agreement.
In recognition of your continued service with Covisint through and until August
31, 2018 (the “Retention Period”), and subject to the conditions stated below,
we are offering you a retention bonus in the amount of $500,000, less all
applicable withholdings and deductions required by law (the “Retention Bonus”).
This Retention Bonus is in addition to, and not in lieu of, any other bonus,
severance, or other benefits, payable in cash or otherwise, from Covisint to
which you may be or become entitled. The Retention Bonus will be payable in two
installments:
If you are continuously employed by Covisint through August 31, 2017, you may be
eligible to be paid $200,000 (the “One Year Retention Amount”) of the Retention
Bonus (the “One Year Retention Period”), less all applicable withholdings and
deductions required by law. In order to be eligible for the One Year Retention
Amount, Covisint must first determine in its reasonable discretion that your
performance has been satisfactory from the date of this letter agreement through
the end of the One Year Retention Period, and you must be actively employed by
Covisint through the last day of the One Year Retention Period.
The remainder of the Retention bonus in the amount of $300,000 (the “Two Year
Retention Amount”), less all applicable withholdings and deductions required by
law may be paid if you are continuously employed by Covisint through August 31,
2018 (the “Two Year Retention Period”). In order to be eligible for the Two Year
Retention Amount,

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Covisint must further determine in its reasonable discretion that your
performance has been satisfactory from the date of this letter agreement through
the end of the Two Year Retention Period.
Notwithstanding the conditions described above, if you have a “Separation from
Service” during the Retention Period, other than (a) by the Company for Cause,
or (b) by you without Good Reason, the entire Retention Bonus will be paid in
full. In the event of your death or Disability during either the One Year
Retention Period ending August 31, 2017, or the Two Year Retention Period ending
August 31, 2018, you (or, in the case of your death, your spouse) will be
entitled to a pro-rata portion of the Retention Bonus otherwise payable for such
period and, for this purpose it shall be assumed that you had met all of the
performance conditions for such payment. For purposes of this letter agreement,
the terms “Cause”, “Good Reason” and “Disability” have the same meaning as
ascribed to them in your Severance Agreement executed on August 25, 2016, and
the term “Separation from Service” shall be as defined in Section 409A of the
Tax Code.
All payments of amounts you are eligible to receive will be paid to you (or, in
the case of your death, to your spouse) on the first regularly scheduled pay
date following the payment dates set forth in this letter agreement.
Notwithstanding this, any payment may be delayed if Covisint determines in its
reasonable discretion that making the payment will violate federal securities
laws or other applicable law, in which case payment will be made at the earliest
date at which Covisint reasonably anticipates that making the payment will not
cause such violation. Moreover, to the extent required to avoid the application
of an accelerated or additional tax under Section 409A of the Tax Code, amounts
that would otherwise be payable pursuant to this letter agreement following your
termination of employment or Separation from Service shall instead be paid on
the first business day after the date that is six months following your
termination of employment or Separation from Service (or upon your death, if
earlier).
Your employment remains at-will, meaning that you and Covisint may terminate the
employment relationship at any time, with or without cause, and with or without
notice.
This letter agreement is intended to comply with, or be exempt from, Section
409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and shall
be construed and administered in accordance with Section 409A.

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This letter agreement contains all of the understandings and representations
between Covisint and you relating to the retention bonus and supersedes all
prior and contemporaneous understandings, discussions, agreements,
representations and warranties, both written and oral, with respect to any
retention bonus. This letter agreement may not be amended or modified unless in
writing signed by both the Covisint and you. This letter agreement, for all
purposes, shall be construed in accordance with the laws of Michigan without
regard to conflicts-of-law principles.
We look forward to your continued employment with us.

 
Very truly yours,

COVISINT CORPORATION
 

By: /s/ Samuel M. Inman, III
Samuel M. Inman, III
August 25, 2016
 
 

Offer agreed to and accepted:

 
/s/ Enrico Digirolamo
Enrico Digirolamo
August 25, 2016
 
 

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