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                                                                   EXHIBIT 10.11

                                                        EXECUTIVE: KEVIN P. COHN

                              BINDVIEW CORPORATION

                           CHANGE OF CONTROL AGREEMENT

THIS CHANGE OF CONTROL AGREEMENT (this "AGREEMENT") is made between BindView
Corporation, a Texas corporation (the "COMPANY"),1 and the "EXECUTIVE"
identified above. Unless otherwise indicated, all references to Sections are to
Sections in this Agreement. This Agreement is effective as of the date executed
by the Executive as written on the signature page ("EFFECTIVE DATE"). This
Agreement modifies the Executive Employment Agreement ("EMPLOYMENT AGREEMENT")
dated May 31, 2001, and the Nonqualified Stock Option Agreement ("OPTION
AGREEMENT") of even date herewith, each between the Executive and the Company.
The terms and conditions of this Agreement shall take precedence over any
inconsistent provisions in those agreements, which otherwise remain in full
force and effect in accordance with their respective terms and conditions.

1.       BACKGROUND.

1.1      The Executive currently holds (or is being hired for) a senior
         executive position with the Company. As a result, the Executive has (or
         will have) significant responsibility for the Company's management,
         profitability and growth. Likewise, the Executive possesses (or is
         expected to acquire) an intimate knowledge of the Company's business
         and affairs, including its policies, plans, methods, personnel,
         opportunities, and challenges.

1.2      The Company considers the continued employment of the Executive to be
         in the best interests of the Company and its shareholders. The Company
         desires to assure itself of the Executive's continued services on an
         objective and impartial basis and without distraction or conflict of
         interest in the event of any efforts to effect a change of ownership or
         control of the Company.

1.3      The Executive is willing to remain in the employ of the Company upon
         the understanding that it will provide him with certain income security
         in the event of a change in control of the Company, upon the terms and
         conditions provided herein.

2.       DEFINITIONS. For purposes of this Agreement, the following terms have
         the meanings set forth below.

2.1      ACCOUNTANTS means the independent accountants acting as auditors for
         the Company, or another accounting firm designated by such auditors and
         reasonably acceptable to the Executive.

2.2      ACQUISITION REPORT means a report filed by or on behalf of a
         stockholder or group of stockholders on Schedule 13D or Schedule 14D-1
         or any successor schedule, form or report under the Exchange Act.

2.3      BENEFICIAL OWNER means a Person who is a beneficial owner (as defined
         in Rule 13d-3 or any successor rule or regulation promulgated under the
         Exchange Act), directly or indirectly, of Voting Stock, of rights to
         acquire Voting Stock, or of securities convertible into Voting Stock,
         as applicable.


------------------------

(1) "BindView Corporation" is a registered assumed name of BindView Development
    Corporation.


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                                                        EXECUTIVE: KEVIN P. COHN

         If a Person owns rights to acquire Voting Stock, that Person's
         beneficial ownership shall be determined pursuant to paragraph (d) of
         Rule 13d-3 or any successor rule or regulation promulgated under the
         Exchange Act.

2.4      A CHANGE IN CONTROL of the Company shall be deemed to have occurred if
         any of the following events occurs after the Effective Date:

         (a)      An Acquisition Report is filed with the Commission disclosing
                  that any Person is the Beneficial Owner of 20 percent or more
                  of the outstanding Voting Stock. The previous sentence shall
                  not apply if such Person is (1) the Company, one of its
                  subsidiaries, or any employee benefit plan sponsored by
                  either, or (2) Eric J. Pulaski.

         (b)      Any Person purchases securities pursuant to a tender offer or
                  exchange offer to acquire any Voting Stock (or any securities
                  convertible into Voting Stock) and, immediately after
                  consummation of that purchase, that Person is the Beneficial
                  Owner of 20 percent or more of the outstanding Voting Stock.
                  The previous sentence shall not apply if such Person is (1)
                  the Company, one of its subsidiaries, or any employee benefit
                  plan sponsored by either, or (2) Eric J. Pulaski.

         (c)      The consummation of a Merger Transaction if (a) the Company is
                  not the surviving entity or (b) as a result of the Merger
                  Transaction, 50 percent or less of the combined voting power
                  of the then-outstanding securities of the other party to the
                  Merger Transaction, immediately after the Change of Control
                  Date, are held in the aggregate by the holders of Voting Stock
                  immediately prior to the Change of Control Date.

         (d)      The consummation of a Sale Transaction if as a result of the
                  Sale Transaction, 50 percent or less of the combined voting
                  power of the then-outstanding securities of the other party to
                  the Sale Transaction, immediately after the Change of Control
                  Date, are held in the aggregate by the holders of Voting Stock
                  immediately prior to the Change of Control Date.

         (e)      The consummation of a transaction, immediately after which any
                  Person would be the Beneficial Owner, directly or indirectly,
                  of more than 50 percent of the outstanding Voting Stock.

         (f)      The stockholders of the Company approve the dissolution of the
                  Company.

         (g)      During any period of 12 consecutive months, the individuals
                  who at the beginning of that period constituted the Board of
                  Directors shall cease to constitute a majority of the Board of
                  Directors. The previous sentence will not apply if the
                  election, or the nomination for election by the Company's
                  stockholders, of each director of the Company first elected
                  during such period was approved by a vote of at least
                  two-thirds of the directors of the Company then still in
                  office who were directors of the Company at the beginning of
                  any such period.

2.5      CHANGE OF CONTROL DATE means the date of an event constituting a Change
         of Control. In the case of a Merger Transaction or a Sale Transaction
         constituting a Change of Control, the Change of Control Date shall be
         the effective date of such transaction.

2.6      COMMISSION means the Securities and Exchange Commission or any
         successor agency.


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                                                        EXECUTIVE: KEVIN P. COHN

2.7      EXCHANGE ACT means the Securities Exchange Act of 1934, as amended from
         time to time, or any successor statute.

2.8      GOOD REASON has the meaning set forth in the Employment Agreement,
         supplemented to include as an event of Good Reason (in addition to
         those listed in the Employment Agreement), a Change of Control which
         results in the Executive's position with the Company no longer being
         that of a chief financial officer of a publicly-owned company.

2.9      GROSS-UP PAYMENT - see Section 4.1.

2.10     IN CONNECTION WITH a Change of Control, as to an event in Schedule A of
         this Agreement, means that the event occurs either (a) within one year
         after the effective date of a Change of Control, or (b) within the
         30-day period before the execution by the Company of one or more
         agreements to engage in one or more transactions which, in the
         aggregate, constitute a Change of Control.

2.11     MERGER TRANSACTION means a merger, consolidation or reorganization of
         the Company with or into any other person or entity.

2.12     PERSON means a person within the meaning of Section 13(d) or Section
         14(d)(2) or any successor rule or regulation promulgated under the
         Exchange Act.

2.13     SALE TRANSACTION means a sale, lease, exchange or other transfer of all
         or substantially all the assets of the Company and its consolidated
         subsidiaries to any other person.

2.14     SCHEDULE A means Schedule A set forth at the end of this Agreement
         above the parties' signatures.

2.15     SECTION 280G means Section 280G of the Internal Revenue Code of 1986,
         as amended, and any regulations promulgated by the Internal Revenue
         Service thereunder, and any successor statutory or regulatory
         provision.

2.16     TAX RATE means the Executive's effective tax rate based upon the
         combined federal and state and local income, earnings, Medicare and any
         other tax rates applicable to the Executive, all at the highest
         marginal rate of taxation in the country and state of the Executive's
         residence on the date of determination, net of the reduction in federal
         income taxes which could be obtained by deduction of such state and
         local taxes.

2.17     VOTING STOCK means shares of capital stock of the Company the holders
         of which are entitled to vote for the election of directors, but
         excluding shares entitled to so vote only upon the occurrence of a
         contingency unless that contingency shall have occurred.

3.       ACTIONS UPON CHANGE OF CONTROL. If (i) a Change of Control occurs, and
         (ii) an event listed in Schedule A also occurs (but in no other event),
         then the following shall occur.

3.1      To the extent expressly provided in Schedule A, and subject to all
         terms and conditions of the Employment Agreement concerning Severance
         Benefits, the Executive shall be entitled to the following as
         additional Severance Benefits under the Employment Agreement:


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                                                        EXECUTIVE: KEVIN P. COHN


         (a)      the vesting of any portion of the Executive's option grant
                  under the Option Agreement that remains unvested as of the
                  effective date of the Change of Control shall be accelerated
                  as provided in Schedule A, as of such effective date; and

         (b)      the Executive will be entitled to a Severance Period as
                  provided in Schedule A in lieu of any other Severance Period
                  under the Employment Agreement.

3.2      The Executive will not be entitled to any other compensation or
         benefits as a result of, relating to, or in connection with a Change of
         Control unless expressly provided in a written agreement executed by
         the Executive and by an authorized officer of the Company.

4.       EXCESS PARACHUTE PAYMENTS. It is the intention of the parties that
         Severance Benefits, if any, shall not constitute "excess parachute
         payments" within the meaning of Section 280G. Accordingly:

4.1      If the Accountants determine that any portion(s) of the Severance
         Benefits constitute "excess parachute payments" for which an excise tax
         must be paid under the Internal Revenue Code of 1986, as amended, then
         the Company shall pay the Executive an additional amount ("Gross-Up
         Payment") so that the net amount retained by the Executive, after
         deduction of any excise tax based on such excess parachute payments and
         of all income taxes, Social Security taxes, and Medicaid taxes of any
         kind on the Gross-Up Payment, equals the amount that the Executive
         would have received had no excise tax been imposed.

4.2      The Gross-Up Payment shall be paid no later than the earlier of (a) the
         date such excise tax is withheld from payments made to the Executive,
         or (b) the date such excise tax becomes due and payable by the
         Executive.

4.3      For purposes of making any determination required by this Section 4,
         the Accountants may make reasonable assumptions and approximations
         concerning applicable taxes and may rely on reasonable, good faith
         interpretations concerning the application of Section 280G and/or other
         applicable law. The Company and the Executive shall furnish to the
         Accountants such information and documents as the Accountants may
         reasonably request in order to make such determination. The Company
         shall bear all fees and costs the Accountants may reasonably charge in
         connection with any such determination.

4.4      Any determination by the Accountants under this Section 4 shall be
         binding on both the Company and the Executive.

4.5      For purposes of determining the amount of the Gross-Up Payment, the
         Executive shall be deemed to pay taxes at the Executive's Tax Rate
         applicable at the time of the Gross-Up Payment.

4.6      If the excise tax is subsequently determined to be less than the amount
         taken into account hereunder at the time an excess parachute payment is
         made, then the Executive shall repay to the Company, promptly following
         the date that the amount of such reduction in excise tax is finally
         determined, the portion of the Gross-Up Payment attributable to such
         reduction (without interest).


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                                                        EXECUTIVE: KEVIN P. COHN

4.7      In the event that the excise tax is determined to exceed the amount
         taken into account hereunder at the time an excess parachute payment is
         made (including by reason of any payment the existence or amount of
         which cannot be determined at the time of the Gross-Up Payment), then
         the Gross-Up Payment will be increased by the amount of such excess
         (plus any interest or penalties payable in respect of such excess) at
         the time that the amount of such excess is finally determined, and the
         Company will pay the amount of the increase to the Executive.

4.8      The Company shall reimburse the Executive for (a) all reasonable fees,
         expenses, and costs related to determining the reasonableness of any
         Company position in connection with this paragraph and preparation of
         any tax return or other filing that is affected by any matter addressed
         in this paragraph, (b) any audit, litigation or other proceeding that
         is affected by any matter addressed in this Section and (c) an amount
         equal to the tax on such amounts at the Executive's Tax Rate.

5.       SUCCESSORS. The Company will require any successor (whether direct or
         indirect, by purchase, merger, consolidation or otherwise) to all or
         substantially all of the business and/or assets of the Company to
         assume expressly and agree to perform this Agreement in the same manner
         and to the same extent that the Company would be required to perform it
         if no such succession had taken place. As used in this Agreement,
         "Company" shall mean the Company as hereinbefore defined and any
         successor to its business and/or assets as aforesaid which assumes and
         agrees to perform this Agreement by operation of law, or otherwise.

6.       EFFECT OF AGREEMENT ON OTHER RIGHTS.

6.1      This Agreement shall not diminish or enhance other rights which the
         Executive (or his estate, survivors or heirs) may have under any other
         contract, employee benefit plan or policy of the Company except as
         expressly provided in this Agreement.

6.2      Nothing in this Agreement shall be deemed (i) to constitute an
         employment contract, express or implied, nor (ii) to impose any
         obligation on the Company or any affiliate thereof to employ the
         Executive at all or on any particular terms, nor (iii) to amend any
         other agreement between the Executive and the Company or any affiliate
         thereof; nor (iv) to impose any obligation on the Executive to work for
         the Company or any affiliate thereof, nor (v) to limit the right of the
         Company to terminate the Executive's employment for any reason, with or
         without cause, nor (vi) to limit the Executive's right to resign from
         employment.

7.       DISPUTE RESOLUTION. Any dispute arising out of or relating to this
         Agreement or its validity, enforceability, or breach will be resolved
         in accordance with the dispute-resolution provisions of the Employment
         Agreement.

8.       OTHER PROVISIONS. The section of the Employment Agreement entitled
         "Other Provisions" is hereby incorporated by reference into this
         Agreement.


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