Exhibit 10.27


 


SECOND AMENDMENT
TO EMPLOYMENT AGREEMENT


 


THIS SECOND AMENDMENT
TO EMPLOYMENT AGREEMENT (“Amendment”) is made effective this 5th day of January, 2017 (the “Effective
Date”), by and between SAJAN, INC., a Delaware corporation having its principal executive offices in the State of Wisconsin
(the “Company”), and THOMAS P. SKIBA, an individual resident of the State of Minnesota (the “Employee”).


 


RECITALS


 


WHEREAS, the parties entered
into a written agreement governing Employee’s employment with the Company on August 29, 2013, as amended by that First Amendment
to Employment Agreement dated March 9, 2015 (collectively, the “Agreement”), pursuant to which the Employee
is entitled to a certain severance package if the Employee’s employment with the Company is terminated by the Company without
Cause or by the Employee for Good Reason (as such terms are defined in the Agreement); and


 


WHEREAS, the Company and
the Employee desire to amend Section 6.4 of the Agreement to add one year of Company-funded health-insurance coverage not to exceed
$5,000 for the annual period to the Employee’s severance package;


 


NOW, THEREFORE, in consideration
of the mutual promises and provisions contained in this Amendment, the parties, intending to be legally bound, agree as follows:


 


AGREEMENT


 


1.           Terms
of Employment. The parties agree that the terms of the Agreement will remain in full force and effect, except as set forth
in this Amendment.


 


2.           Severance
Payment. Section 6.4 of the Agreement will be replaced in its entirety with the following:


 


“6.4          By
the Company Without Cause or by the Employee for Good Reason. If (a) the Company terminates the Employee’s employment
without Cause, or (b) the Employee properly terminates employment for Good Reason pursuant to Section 5.2, the Employee will be
entitled to severance pay in a total gross amount equal to twelve (12) months of the Employee’s ending Base Salary with
the Company (the “Severance Payment”), which will be paid in accordance with the Company’s regular payroll
schedule commencing on the first payroll date following the Employee’s signing of the general release agreement discussed
in Section 6.5 of this Agreement and the expiration of any rescission period set forth in such general release agreement. In addition,
any stock options that are due to be vested within twelve months from the Date of Termination shall become vested and exercisable
and Employee will be entitled to one year of Company-funded health insurance coverage not to exceed $5,000 for the annual period.
Notwithstanding anything herein to the contrary, in no event shall any portion of the Severance Payment be paid to the Employee
later than the last day of the second taxable year of the Employee following the taxable year in which the Date of Termination
occurs.”


 


[Signature page follows.]


 




    	 	1	 



     


    

 


IN
WITNESS WHEREOF, the parties have executed and delivered this Second Amendment to Employment Agreement on the day and year first
written above.


 


	 	SAJAN, INC.
	 	 
	 	/s/ Shannon Zimmerman
	 	By: Shannon Zimmerman
	 	Its: CEO
	 	 
	 	/s/ Thomas
    P. Skiba
	 	Thomas P. Skiba, an
    Individual


 


Signature
Page to Second Amendment to Employment Agreement