Exhibit 10.23

 

 

[ex1023image002.gif]

 

M E M O R A N D U M

 

TO:

ANDY CAHILL

FROM:

Gary Greenfield

DATE:

April 21, 2003

SUBJECT:

Severance Agreement

 

 

In recognition of the current challenges facing Peregrine Systems and the role
you are expected to play in achieving aggressive targets and maintaining a
positive work environment in the Field Operations group, you will be provided
with severance protection, in the gross amount of $300,000 if you are terminated
by the company for reasons other than “for cause” prior to June 8, 2004.  This
payment is in addition to the amount provided under the Key Employee Severance
Plan (KESP).

 

Approved:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gary Greenfield

 

Date

 

 

 

 

 

 

 

 

 

Accepted and Agreed:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Andy Cahill

 

Date

 

 

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