Employment Agreement, effective as of May 1, 2007



 Exhibit 10.6 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT is effective as of May 1, 2007 (“Effective
Date”), between BEA Systems, Inc., a Delaware corporation (the “Company”), and Thomas M. Ashburn (“Employee”). 
 RECITALS 
 A. Employee is an employee of the Company. 
 B. Company desires to obtain the continued services of Employee, on its own behalf and on behalf of all existing and future Affiliated Companies (defined
to mean any corporation or other business entity or entities that directly or indirectly controls, is controlled by, or is under common control with the Company), and Employee desires to secure continued employment from the Company upon the
following terms and conditions set forth in this Agreement. Employee’s initial assignments shall include the assignments and tasks listed on Attachment A hereto. Company and Employee wish to enter into an employment relationship with a written
Employment Agreement intended to supersede all other written and oral representations regarding Employee’s employment with Company. 
 AGREEMENT 
 ACCORDINGLY, THE PARTIES AGREE AS FOLLOWS: 
 1. Position, Period of Employment. 
 (a) Term. Under this Agreement, the
Company shall employ Employee for a period of six months following the Effective Date, unless Executive’s employment is terminated sooner in accordance with Section 3 below. 
 (b) Position. As of the Effective Date of this Agreement, Employee shall be employed by Company to render services to Company in
the position of Executive Vice President (or in such other position(s) as the Company shall designate). Employee shall devote his full time and attention and his best efforts to the performance of the duties customarily incident to such position
and/or to such other duties as may be assigned to Employee by the Company. Key projects are indicated on Attachment A. Employee shall abide by the rules, regulations, and practices of the Company, as adopted or modified from time to time in the sole
discretion of the Company. 
 (c) Other Activities. Except upon the prior written consent of the Company, Employee,
during his employment with the Company, will not (i) accept any other employment; (ii) engage, directly or indirectly, in any other business activity (whether or not pursued for 








 
pecuniary advantage) that is or may be competitive with, or that might place him in a competing position to that of the Company or any Affiliated Company, as
determined in the discretion of the Company; or (iii) engage in any work or business activity of any kind outside those of the Company. 
 (d) Proprietary Information Agreement; Arbitration Agreement. The Proprietary Information and Inventions Agreement and Arbitration Agreement dated and executed by the Employee January 18, 2002 shall
continue in effect during the term of this Agreement and, Employee’s obligations under both such agreements shall survive any termination of this Agreement or of Employee’s employment. 
 2. Compensation, Benefits, Expenses. 
 (a) Compensation. In consideration of the services to be rendered hereunder, Employee shall be paid an annualized base salary of Two Hundred and Fifty Thousand Dollars ($ 250,000) (“Annual Salary”),
payable at the times and pursuant to the procedures regularly established, and as they may be amended, by the Company. 
 (b)
Bonus. Employee is no longer eligible to participate in the Company’s executive bonus plan. 
 (c) Vacation and
Benefits. Employee shall be entitled to vacation in accordance with the Company’s vacation policies for similarly situated employees, as such policies may be amended from time to time. As he becomes eligible therefor, the Company shall
provide Employee with the right to participate in and to receive benefits from all present and future life, accident, disability, medical, pension, and savings plans and all similar benefits made available generally to similarly situated employees
of the Company, except that Employee shall not be entitled to any leaves of absence (defined as a hospitalization or absence due to illness/injury for five or more days) other than as permitted by the Company’s CEO. 
 3. Termination of Employment. 
 (a) At-Will Employment. Employee’s employment with Company shall be at-will, which means either Employee or Company may terminate his employment at any time, with or without notice, and with or without cause. However, the
Company will provide at least 14 days notice to Employee of any termination without Cause, as defined below. Not withstanding anything to the contrary herein, upon termination, employee shall be entitled to receive his compensation and all
perquisites and benefits (including the vesting of any stock options, stock grants, or restricted stock units) only through the date of termination; but in no event for more than 14 days after the date of notice. The at-will nature of
Employee’s employment may not be changed except in an express written agreement signed by Employee and the Company’s Chief Executive Officer or Chief Financial Officer. 
 (b) Change in Control Agreement. Employee’s Change in Control Agreement with the Company, as amended, dated November 1,
2003 shall continue in accordance with its terms and shall not be effected by this Employment Agreement. 







 (c) Termination with Cause. The Company may immediately terminate Employee’s
employment under this Agreement for “Cause” if: (i) Employee engages in material misconduct, including but not limited to fraud, dishonesty, misappropriation of Company’s trade secrets or proprietary information, embezzlement,
(ii) Employee exhibits unfitness or unavailability for service including taking any leave of absence, deficiencies in performance or attendance , or otherwise fails to substantially perform his duties under this Agreement, which Employee fails
to cure within ten (10) days following written notice to Employee from the Company (iii) Employee commits a felony, a crime of moral turpitude, or a criminal act against the Company or any Affiliated Company thereof or any of the assets of
any of them, (iv) Employee breaches any material provision of this Agreement, any material policy of the Company, or any other agreement between the Employee and the Company, (v) Employee refuses to follow a specific, lawful direction or
order of the Company, or (vi) Employee dies or becomes mentally or physically incapacitated and cannot carry out his duties. A termination for Cause pursuant to this Section 3(c) shall take effect immediately upon giving of the notice
contemplated hereby, and the Company shall pay Employee such portion of Annual Salary then due and owing to him through the date of termination, and the Company’s obligations hereunder shall cease. 
 (d) Employee Termination Obligations. Employee agrees to comply with his obligations under the Company’s Employee Proprietary
Information and Inventions Agreement following the termination of his employment for any reason. Employee further agrees that all Company property, including, without limitation, all books, manuals, records, reports, notes, contracts, computer
files, lists, blueprints, and other documents, or materials, or copies thereof, proprietary information, and equipment furnished to or prepared by Employee in the course of or incident to his employment, including, without limitation, records and
any other materials pertaining to the Company’s proprietary information, shall be promptly returned to the Company upon termination of his employment. Following termination, the Employee will not retain any written or other tangible material
containing or pertaining to any of the Company’s proprietary information. 
 4. Taxes. All amounts to be paid to Employee under
this Agreement (including without limitation Employee’s base salary) shall be paid less all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction or authorized by Executive.
Notwithstanding any other provision of this Agreement whatsoever, the Company, in its sole discretion, shall have the right to provide for the application and effects of Section 409A of the Internal Revenue Code (relating to deferred
compensation arrangements) and any related administrative guidance issued by the Internal Revenue Service. 
 5. Employee agrees that for a
period of one (1) year following the termination of his employment at the Company, Employee will not, directly or indirectly: 
 a. Engage in (whether as an employee, consultant, proprietor, partner, director or otherwise) or have any ownership interest in, or participate in the financing operation, management, control of, any person, firm, corporation or business
that engages in any business activity that is competitive with the Company, provided, however, that nothing contained in this paragraph 5(a) shall be construed to prohibit Employee from purchasing and owning (directly or indirectly) up to one
percent (1%) of the capital stock or other securities of any corporation or 








 
other entity whose stock or securities are traded on any national or regional securities exchange or the national over-the-counter market and such ownership
shall not constitute a violation of this paragraph 5(a), 
 b. Divert or attempt to divert from the Company any business of
any kind in which it is engaged, including, without limitation, the solicitation of or interference with any of its suppliers or customers, 
 c. Solicit, hire, employ, or recruit any person or entity who is employed by or has a contractual relationship with the Company, or encourage any person or entity who is employed by or has a contractual relationship
with the Company to terminate their employment or contractual relationship with the Company. 
 d. Employee further agrees to
refrain from making disparaging or defamatory comments regarding the Company, its directors and officers and its products. 
 6.
Assignment; Successors and Assigns. Employee agrees that he will not assign, sell, transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, or by operation of law, any rights or obligations under this Agreement, nor
shall Employee’s rights be subject to encumbrance or the claims of creditors. Any purported assignment, transfer, or delegation shall be null and void. Nothing in this Agreement shall prevent the consolidation of the Company with, or its merger
into, any other corporation, or the sale by the Company of all or substantially all of its properties or assets, or the assignment by the Company of this Agreement and the performance of its obligations hereunder to any successor in interest or any
Affiliated Company. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective heirs, legal representatives, successors, and permitted assigns, and shall not benefit any person
or entity other than those enumerated above. Without limitation of the foregoing, any such successor in interest (including an entity which acquires substantially all the assets and the business of the Company) in such acquisition transaction or any
Affiliated Company shall be bound by all of the terms and conditions of this Agreement. 
 7. Notices. All notices or other
communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered by hand or mailed, postage prepaid, by certified or registered mail, return receipt requested, and addressed to the
Company at: 
  

	
	BEA Systems, Inc.
	2315 North First Street
	San Jose, CA 95151
	Attn: Melissa Knotts, VP, Human Resources


  

					
	or to the Employee at:	 		 	Thomas M. Ashburn
		 		 	 
			
		 		 	 

 Notice of change of address shall be effective only when done in accordance with this Section. 







 8. Entire Agreement. The terms of this Agreement and the attached Exhibits are intended by the
parties to be the final expression of their agreement with respect to the employment of Employee by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement shall
constitute the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding involving this Agreement. 
 9. Amendments; Waivers. This Agreement may not be modified, amended, or terminated except by an instrument in writing, signed by the Employee and
by a duly authorized representative of the Company other than Employee. By an instrument in writing similarly executed, either party may waive compliance by the other party with any provision of this Agreement that such other party was or is
obligated to comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, or power provided herein or by
law or in equity. 
 10. Severability; Enforcement. If any provision of this Agreement, or the application thereof to any person,
place, or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provisions as applied to other persons, places, and circumstances shall remain in full force
and effect. 
 11. Governing Law. The validity, interpretation, enforceability, and performance of this Agreement shall be governed by
and construed in accordance with the law of the State of California 
 12. Employee Acknowledgment. Employee acknowledges
(i) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and (ii) that he has read and understands the
Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment. 
 13. Effectiveness of
Agreement. This Agreement (and all exhibits hereto) shall only become effective upon the Effective Date. 







 The parties have duly executed this Agreement as of the date first written above. 
  

									
	COMPANY:	 		 	EMPLOYEE:
			
	BEA SYSTEMS, INC.	 		 	
				
	By:	 	/s/ Melissa Knotts	 		 	/s/ Thomas Ashburn            
	Title:	 	VP, Human Resources	 		 		 	








 Attachment A - Projects 
  

	1)	Work with BEA Board of Directors (BOD) regarding BOD governance, BOD committee make up and process. 

  

	 	i.	Conduct a series of interviews with BOD members to discuss views around committees and governance. 

  

	 	ii.	Develop a set of recommendations with input from Alfred. 

  

	2)	Work with BID organization to help them maximize their support revenue and to help ensure we have a common set of support policies, discounts and procedures.


  

	 	i.	Analyze historical data. 

  

	 	ii.	Develop recommendations. 

  

	 	iii.	Ensure that the rapid growth in BID products translates into corresponding increase in support renewals. 

  

	3)	Work to increase channel leverage with specific focus on VAR’s and ISV’s. 

  

	 	i.	Develop customer segmentation model. 

  

	 	ii.	Define the product overlays with in this segmentation model. 

  

	 	iii.	Use information to set new & substantially larger goals for our channel.