Document:

Prepared by R.R. Donnelley Financial -- Non-qualifies Deferred compensation Plan

 Exhibit 10.4 
  
 QRS NON-QUALIFIED DEFERRED COMPENSATION PLAN 
  
 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	Article 1.	  	Introduction	  	2
	Article 2.	  	Definitions	  	3
	Article 3.	  	Plan Specifications	  	6
	Article 4.	  	Distributions and Loans	  	8
	Article 5.	  	Plan Investment	  	9
	Article 6.	  	Beneficiary	  	10
	Article 7.	  	Vesting and Forfeitures	  	11
	Article 8.	  	Benefits	  	12
	Article 9.	  	Administration	  	13
	Article 10.	  	Miscellaneous	  	14

  

 ARTICLE 1. - INTRODUCTION 
  
 Whereas, the Employer wishes to establish a supplementary employee retirement plan to provide deferred compensation for a select group of
highly compensated employees as chosen by the Employer effective December 1, 1997, and 
  
 Whereas, the Employer, who has determined pursuant to the laws of the Employer’s state, may establish such a Plan; 
  
 Whereas, the Employer wishes to provide that the Plan to be established under this Agreement shall be called the QRS Non-Qualified Deferred Compensation Plan, and

  
 Whereas, the Employer wishes to provide under the Plan for the payment of
vested accrued benefits to the Participants and their beneficiary or beneficiaries, and 
  
 Whereas, the Employer wishes to provide under the Plan that the Employer shall pay the entire cost of vested accrued benefits from its general assets and. set aside contributions by the Employer to meet its obligations under the Plan, and

  
 Whereas, the Employer intends that the assets of the Plan and Trust shall at
all times be subject to the claims of the general creditors of the Employer, 
  
 Now therefore, the Employer does hereby establish the Plan as follows, and does also hereby agree that the Plan shall be structured, held and disposed of as follows: 
  

 2 

 ARTICLE 2. - DEFINITIONS 
  
 “Age” means age as of the Participant’s last birthday. 
  
 “Beneficiary” means the beneficiary or beneficiaries designated by the Participant in the Enrollment Agreement who are to receive
any distributions payable upon the death of the Participant. 
  
 “Board”
means the Employer’s Board of Directors. 
  
 “Compensation” means
the amount payable to an Eligible Employee, for services rendered to the Employer, such as wages, salary, overtime, commissions, amounts payable pursuant to written contracts, bonuses and other remuneration that is reportable to the Federal
Government for the purpose of withholding Federal income taxes, or which would be reportable if it were not deferred by the Eligible Employee under this Plan. 
  

“Computation Period” means the l2-consecutive month period ending on the last day of the Plan Year. 
  
 “Deferred Compensation” means the amount of Compensation that the Participant
elects to defer under the Enrollment Agreement and that the Participant and the Employer mutually agree shall be deferred in accordance with the Plan and/or the amount of any contributions made by the Employer on behalf of the Participant.

  
 “Disability” A Participant suffers a Disability when, due to
sickness or accidental injury, the Participant is unable to perform, for wage or profit, the material and substantial duties of the Participant’s own occupation at the time of Disability. A Participant will only be considered to have suffered a
Disability while under the regular care of a doctor and not working at any job for wage or profit. The Employer shall have the exclusive right of determining, with the assistance of a competent physician, whether a Participant has suffered
Disability. 
  
 “Effective Date” means December 1, 1997. 
  
 “Eligible Employee” means a member who is considered to be (i) a highly compensated
employee for purposes of the 401(k) Plan where such term is defined under section 414(q) of the Internal Revenue Code of 1986, and (ii) part of a select group of management or highly compensated individuals as described in section 201(2) of ERISA
who performs services for the Employer as an employee and who has been chosen by the Employer, in his sole discretion, to be eligible to participate in the Plan. 
  
 “Employer” means QRS Corporation or any successor thereto, and any other Affiliated Employer which adopts this plan. 

 
 “Employment or Re-employment Commencement Date” means the date on which the
Eligible Employee first performs an Hour of Service for the Employer. 
  

 3 

 “Enrollment Agreement” means the agreement entered into by a Participant which specifies the amount of Deferred
Compensation, the Participant’s Beneficiary and the Participant’s election of form of payment on Termination of Employment. 
  
 “Entry Date” January 1st,
April 1st, July 1st or October 1st. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

  
 “Hardship Withdrawal” A withdrawal is on account of hardship if it
is due to an unforeseen emergency which creates a hardship and which occurs during employment and prior to the Participant’s retirement and commencement of benefits. An unforeseen emergency is defined as (1) a severe financial hardship to the
Participant, or (2) loss of the Participant’s or beneficiary’s property due to casualty, or (3) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant or beneficiary.

  
 Payment may not be made to the extent that such hardship is or may be relieved
(1) through reimbursement or compensation by insurance or otherwise, (2) by liquidation of the Participant’s assets to the extent the liquidation of these assets would not itself cause severe financial hardship or (3), cessation of deferrals
under the Plan. 
  
 “Hour of Service” is each hour for which an employee
is paid or entitled to payment for the performance of duties for the Employer during the Plan Year or other applicable 12 consecutive month period under the Plan. The employee is paid or entitled to payment for the performance of duties and during a
period of time during which no duties are performed for reasons including, but not limited to, vacation, holiday, illness, incapacity, disability, layoff, jury duty, military duty or leave of absence. 
  
 Hours of Service shall be determined on the basis of weeks worked. An Employee will be
credited with forty-five (45) Hours of Service if such employee would be credited with at least one (1) Hour of Service during the week. 
  
 “Normal Retirement Age” means the later of Age 65. 
  
 “Participant” shall mean any Eligible Employee selected by the Employer who has elected to participate in the Plan by entering into an Enrollment Agreement.

  
 “Participant’s Account” shall mean the separate record of each
Participant’s salary deferral contributions, matching contributions and any earnings or loss credited thereto. 
  
 “Plan” QRS Non-Qualified Deferred Compensation Plan effective December 1, 1997. 
  

 4 

 “Plan Year” The first Plan Year will be a short plan year from December 1, 1997 through December 31, 1997. All
subsequent plan years will be the 12 consecutive month period beginning on each subsequent January 1st, a Plan
Anniversary, and ending on the next following December 31st. 
  
 “Service” means employment with the Employer including leaves of absence authorized
by the Employer (such as a temporary absence authorized by the Employer because of vacation, sickness, injury, disability, layoff, or jury duty) and service in the armed forces of the United States, commencing while he is an employee, provided that
he returns to the employment of the Employer as an employee at the end of such authorized absence, or within the applicable period specified in the Military Selective Service Act of 1967, and amendments thereto, after release from such service with
the armed forces. 
  
 Moreover, in calculating the number of a Participant’s
Years of Credited Service and length of participation in this Plan for all purposes hereunder, such period of absence or service with the armed forces subsequent to becoming a Participant hereunder, will be counted. However, no Contributions will be
made to the Plan during such periods of absence or service with the armed forces. 
  
 “Termination of Service” shall mean severance of the Participant’s services for the Employer for any reason, including retirement. 
  
 “the 40l(k) Plan” is the QRS 4O1(k) Plan. 
  
 “Top Hat Plan” is a non-qualified deferred compensation plan for a select group of management or highly compensated employees. 
  
 “Trust” shall mean the Trust Agreement between the Employer and the Trustees.

  
 “Trustees” means the Trustees named in the Trust and their duly
appointed and acting successor Trustee(s) which shall be appointed by the corporation and may consist of one or more persons. 
  
 “Year of Service” 
  

	(a)	An Employee shall be considered to have rendered a Year of Service if he completes at least 1,000 Hours of Service during the applicable Computation Period.

  

	(b)	If an Employee’s Service is terminated and if at any time he subsequently resumes his employment with the Employer, his prior Years of Service shall be taken into account in
computing his Years of Service. 

  

	(c)	An Employee who becomes ineligible, that is, not an Eligible Employee, but who remains in the employ of the Employer and who completes at least 1,000 Hours of Service during a
vesting Computation Period shall accrue a Year of Service for each such vesting Computation Period. 

  

 5 

 ARTICLE 3. – PLAN SPECIFICATIONS 
  
 Each Eligible Employee shall be eligible to participate in the Plan on the first Entry Date. 
  
 An Eligible Employee may enroll and become a Participant by executing an Enrollment Agreement
in each calendar year preceding the calendar year in which deferral of compensation is to commence. However, during the first Plan Year, an Eligible Employee may enroll and become a Participant within 30 days after the Effective Date. In the first
year an employee first becomes an Eligible Employee, the Eligible Employee may enroll and become a Participant within 30 days after the first Entry Date occurring on or after the date the employee becomes an Eligible Employee. 
  
 The Participant shall specify in his Enrollment Agreement the amount of Compensation to be
deferred under the Plan between 1% and 100% of his compensation. Any salary deferrals made by an Eligible Employee under this Plan shall be held as an asset of the Employer, and the Employer intends to deposit the amounts deferred into the Trust.

  
 The Participant may change his Enrollment Agreement by written notice of such
change, prior to the calendar year in which such change is to be effective. An election to defer Compensation under this Plan, or to change the amount of Deferred Compensation, shall apply only to Compensation earned after such election. 

 
 The Employer has the power to establish rules and from time to time to modify or change
such rules governing the manner and method by which salary deferral contributions may be changed or discontinued according to the following schedule: 
  
 A Participant’s Enrollment Agreement shall remain in effect unless previously modified or terminated as herein permitted until the Participant’s Termination of
Service. 
  
 All salary deferral contributions shall be authorized by the
Participant in writing, made by payroll deduction, deducted from the Participant’s compensation without reduction for any taxes or withholding (except to the extent required by law or the regulations) and paid over to the Plan and Trust by the
Employer. 
  
 The Employer may make a matching contribution to the Plan and Trust
equal to a percentage of the contributions made by the Participant pursuant to the Enrollment Agreement between the Participant and the Employer. Each Plan Year, the amount of such contribution and the percentage to be allocated shall be determined
and authorized by resolution of the Board. 
  
 In determining the matching
percentage, deferrals contributed to the 401(k) plan will be considered first. A match will be made on the first 6% of pay deferred. The next 9% going to the NQDC will then also be matched. The combined total salary deferral percentage that the
Employer will match under both this Plan and the 401(k) plan will not exceed 15% of a Participant’s compensation. A Participant will not receive more than 50% of the maximum allowable salary deferral in matching contributions between both the
401(k) plan and the NQDC plan. 
  

 6 

 The salary deferral contributions and Employer matching contributions made under the Plan on behalf of each Participant
shall be credited to the Participant’s Account. The Account consists of the aggregate of all records maintained by the Employer for purposes of determining the Participant’s - interest in the Trust. 
  

 7 

 ARTICLE 4. – DISTRIBUTIONS AND LOANS 
  

	4.1	All distributions to or for the benefit of a Participant shall be made in accordance with Article 8. Except for payments to a Participant under Article 4.2, no part of a
Participant’s Account shall be distributed prior to the Participant’s termination of employment with the Employer. 

  

	4.2	There are no loans available under this Plan; however, a Participant may make a Hardship Withdrawal, as defined in Article 2, from the Plan. Any Eligible Employee who is a
Participant in both this Plan and the 401(k) Plan must draw down all funds available to him under the Plan before he can request a hardship withdrawal from the 401(k) Plan. 

  

 8 

 ARTICLE 5. – PLAN INVESTMENT 
  

	5.1	All contributions will be .invested under Diversified Investors Funds Group, Diversified Investors Strategic Allocation Funds (Mutual Funds) and Personal Choice Retirement Account
(PCRA) administered through Charles Schwab under which Participant Accounts will be established for each Participant. 

  

	5.2	All amounts under this Plan, including all investments purchased with such amounts and all income attributable thereto, shall remain (until made available to the Participant or
Beneficiary) solely the property of the Employer (without being restricted to the provision of benefits under the Plan) subject to the claims of the Employer’s general creditors. No Participant or Beneficiary shall have any secured or
beneficial interest in any property, rights or investments held by the Employer in connection with the Plan. 

  

 9 

 ARTICLE 6. – BENEFICIARY 
  

	6.1	The Participant’s Enrollment Agreement shall designate the Beneficiary or Beneficiaries who are to receive distributions in the event of the Participant’s death. If
the Participant has not properly designated a Beneficiary, or if for any reason such designation shall not be legally effective, or if said designated Beneficiary or Beneficiaries shall predecease the Participant, then the Participant’s estate
shall be treated as the Beneficiary. A Participant may change his Beneficiary designation at any time by amending his Enrollment Agreement. 

  

 10 

 ARTICLE 7. – VESTING AND FORFEITURES 
  

	7.1	Vesting. The value of a Participant’s Account shall become fully vested upon: 

  

	 	(i)	the Participant attaining Age 65 while an employee of the Employer, 

  

	 	(ii)	the Participant’s termination of employment by reason of death or Disability. 

  

	7.2	The value of that portion of a Participant’s Account which consists of salary deferral contributions and earnings thereon, if any, shall be fully vested at all times subject,
however, to the reach of the Employer’s creditors in the event of insolvency. 

  

	7.3	Except as otherwise provided in Article 7, that portion of a Participant’s Account which consists of matching contributions and earnings thereon, if any, shall become vested in
accordance with the following schedule; however, such contributions are subject to the reach of the Employer’s creditors in the event of insolvency. 

  

				
	         Years of
 Credited Service

	  	 Vested
 Percentage

	 
	  
	 Less than 1 year
	  	None	 
	 1 year
	  	25	%
	 2 years
	  	50	%
	 3 years
	  	75	%
	 4 or more years
	  	100	%

  

	7.4	When employment is terminated and payment is not deferred, the amount of the payment shall be based on the value of the Participant’s Account plus any contributions
subsequently credited to such Account and less any distributions subsequently made from the Account. 

  

	7.5	Forfeitures. Any remainder of a terminating Participant’s Account which is not vested shall be forfeited on the date his employment with the Employer terminates. Any
such forfeitures shall be used to reduce the Employer matching contribution, if any, and/or to pay expenses under the Plan. 

  

 11 

 ARTICLE 8. – BENEFITS 
  

	8.1	The Participant or Beneficiary shall elect the payment option described in 8.3 below under which distribution will be made following his Termination of Service. Payment of benefits
will begin on the first day of the first month that is at least 60 days after his Termination of Service provided that in no case will payment of benefits begin later than 60 days after the close of the Plan Year in which the Participant terminates
service. At any time up until the calendar year prior to Termination of Service, the Participant may irrevocably elect to defer the commencement of benefits until the first day of the first month following the date the Participant attains Normal
Retirement Age. Any such election or change of election must be made in writing. 

  

	8.2	Benefits are immediately payable upon the Participant’s death or Disability under one of the payment options described in Article 8.3. Death benefits must be paid to the
Beneficiary designated by the Participant in the Enrollment Agreement. 

  

	8.3	As elected under 8.1 or 8.2 and subject to 8.4 below, distributions may be made under one or more of the following payment options. ‘ . 

  

	 	(a)	in a lump sum cash payment; 

  

	 	(b)	in substantially equal annual payments over a period of years not to exceed the life expectancy of the Participant or the joint life expectancies of the Participant and the
Participant’s spouse; or 

  

	 	(c)	any installment payout agreed to in writing by the Employer. 

  

	8.4	A Participant may change his form of payment at any time prior to the commencement of distributions by providing written instructions to the Employer; except that a change in the
form of payment from (a) to (b) or (c) above will not be effective unless made at least one year prior to the Participant’s Termination of Service or death, whichever occurs earlier. 

  

 12 

 ARTICLE 9. - ADMINISTRATION 
  

	9.1	Administrator. The Employer shall be the Administrator of the Plan. Administrative concerns of the Plan include, but are not limited to, the enrollment of Eligible Employees as
Participants, the maintenance of all records, and the distribution of benefits to Participants. 

  

 13 

 ARTICLE 10. – MISCELLANEOUS 
  

	10.1	Amendment of Plan. The Employer reserves the right’ to amend any provisions of the Plan at any time to’ the extent that it may deem advisable without the consent of
the Participant or any Beneficiary provide that no such amendment shall impair the rights of Participants or Beneficiaries with respect to Compensation deferred before such amendment. 

  

	10.2	Termination of Plan. The Employer reserves the right to terminate the Plan at any time. Upon termination of the Plan, the Participant’s full Compensation on a
non-deferred basis will be thereupon restored. Distribution of any benefits to Participants may only commence upon the occurrence of any of the specified events as provided in Article 8 except as stated in the following sentence. If the Plan, which
was designed and intended to be a Top-Hat Plan is deemed not to be a Top-Hat Plan, it will be terminated and contributions will be distributed to Participants in the Plan. 

  

	10.3	Plan Administrator To Establish Rules. The Employer may at any time make roles as it determines necessary regarding the administration of the: Plan. 

 

	10.4	The Employer may, nom time to time, hire outside consultants, accountants, actuaries, legal counsel, or recordkeepers to perform such tasks as the Employer may from time to time
determine. 

  

	10.5	In the event that any Participants are found to be ineligible, that is, not members of a select group of management or highly compensated employees as defined in section 201(2) of
ERISA. according to a determination made by the Department of Labor, the Employer will take whatever steps it deems necessary, in its sole discretion, to equitably protect the interests of the affected Participants. 

  

	10.6	No benefits under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrance. The provisions of this Plan shall be
binding upon and inure to the benefit of the Employer and Participants and their respective successors, heirs, personal representatives, executors, administrators, and legatees. 

  
 The vested Account balance of a Participant shall be paid from the Trust
only to the extent the Employer is not at the time of payment insolvent. Any vested accrued benefits under the Plan represent an unfunded, unsecured promise by the Employer to pay these benefits to the Participants when due. A Participant has no
greater right to Trust assets than the general creditors of the Employer in the event that the Employer shall become insolvent. Trust assets can be used to pay only vested accrued benefits under the Plan or the claims of the Employer’s
general creditors. 
  

 14 

	10.7.	This Plan and the Enrollment Agreement and any subsequently adopted amendment thereof shall constitute the total agreement or contract between the Employer and the Participant
regarding the Plan. No oral statement regarding the Plan may be relied upon by the Participant. 

  

	10.8	Change of Law. If, because of a change in law, the Trust should be determined to no longer be considered a “rabbi trust” as currently permitted by IRS Private Letter
Ruling 8113017, then the Plan and Trust shall be deemed to have terminated as of the law which nullified. its status as a “rabbi trust” and all contributions to the Participants Accounts shall be 100% vested as of that date.

  

	10.9	This Plan shall be construed under the laws of the State of California. 

  
 IN WITNESS WHEREOF, QRS Corporation has caused this Plan to be executed by its duly authorized officers this 23rd day of October, 1998. 
  
 IN PRESENCE OF: 
  

					
	 /s/ Shirley Machin
	 	 By:
	 	 /s/ Jack Elliott

  

 15Prepared by R.R. Donnelley Financial -- Separation Agreement between the Company and Fred L. Ruffin

 Exhibit 10.49 
  
 SEPARATION AGREEMENT AND GENERAL RELEASE 
  
 This Separation Agreement and General Release (“Agreement”) is entered into by and between QRS Corporation
(together with its officers, directors employees, representatives, agents, attorneys, investors, shareholders, administrators, subsidiaries, affiliates, predecessor and successor corporations and assigns, the “Company”), and Fred L. Ruffin
(together with his heirs, executors, representatives and assigns, “Employee”). 
  
 WHEREAS, Employee has been employed by the Company; 
  
 WHEREAS, the Employee’s employment with the Company will terminate on the date set forth herein; 
  
 NOW, THEREFORE, in consideration of the mutual promises made herein, the Company and Employee (collectively referred to as the “Parties”) hereby
agree as follows: 
  
 1. Termination. The Company and
Employee acknowledge and agree that Employee’s separation from the Company is effective September 30, 2003 (the “Termination Date”). 
  
 2. Consideration. In consideration for Employee’s release of claims set forth below and other obligations under this Agreement, the Company
and Employee agree as follows: 
  

	 	(a)	The Company will pay Employee Severance Pay in the amount of six (6) months of Employee’s targeted annual cash compensation totaling $150,000.00 less applicable withholdings.
The Severance Payment will be payable in three (3) equal installments of $50,000.00 as follows: The first installment will be payable within fifteen (15) days of the Effective Date of this Agreement; the second installment will be payable on January
1, 2004; the third installment will be payable on April 1, 2004. 

  

	 	(b)	Should Employee elect to continue group health benefits coverage under COBRA, the Company will pay for the first six (6) months of Employee’s COBRA coverage costs.

  

	 	(c)	In addition, should employee elect to continue group health benefits coverage under COBRA beyond the first six (6) months, the Company will pay for an additional six (6) months of
Employee’s COBRA coverage costs (for a total of twelve (12) months). 

  
 Employee acknowledges and agrees that but for his execution of this Agreement, he would not otherwise be entitled to the benefits described in Paragraph 2(c) above. 
  
 3. Stock Option. Employee acknowledges and agrees that any unvested
stock options and/or restricted stock presently issued and outstanding to him will cease to vest on the Termination Date. Employee agrees that he shall have no further rights to any shares which remain unvested as of the Termination Date.

  
 4. No Other Payments Due. Employee acknowledges and
agrees that he has received all salary, accrued vacation, bonuses, or other such sums due to Employee other than amounts to be paid and benefits provided pursuant to Paragraph 2 of this Agreement. In light of the payment by the Company of all wages
due, or to become due to the Employee, the Parties 
  

 1 

 further acknowledge and agree that California Labor Code section 206.5 is not applicable to the Parties hereto. That
section provides in pertinent part as follows: 
  
 No employer
shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made. 
  
 5. Employee Release of Claims. Employee hereby fully and forever
releases the Company from any claim, duty, obligation or cause of action relating to any matters of any kind, whether known or unknown, suspected or unsuspected, that he may possess arising from any omissions, acts or facts that have occurred up
until and including the Effective Date of this Agreement including, without limitation: 
  

	 	(a)	any and all claims relating to or arising from Employee’s recruitment and employment relationship with the Company, and the termination of that relationship;

  

	 	(b)	any and all claims relating to, or arising from, Employee’s right to purchase, or actual purchase of shares of stock of the Company; 

  

	 	(c)	any and all claims for wrongful discharge of employment; breach of contract, both express and implied; breach of the covenant of good faith and fair dealing, both express and
implied; unfair business practices; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage and defamation;

  

	 	(d)	any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act of 1967, and the California Fair Employment and Housing Act; 

  

	 	(e)	any and all claims arising out of wage and hour and compensation laws; 

  

	 	(f)	any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; and 

  

	 	(g)	any and all claims for attorney’s fees and costs. 

  
 Employee agrees that the release set forth in the section shall be and will remain in effect in all respects as a complete and general release as to the matters released.
This release does not extend to any obligations incurred under this Agreement nor does it abrogate any rights of Employee pursuant to California Labor Code section 2802. 
  
 6. Waiver of Unknown or Future Claims. Employee represents that he is not aware of any claim other than the claims
that are released by this Agreement. Employee acknowledges that he is familiar with the provisions of California Civil Code section 1542, which provides as follows: 
  
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERlALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
  

 2 

 Employee, being aware of such code section, agrees to waive any rights he may have thereunder, as well as
under any other state or federal statute or common law principles of similar effect. 
  
 7. Confidentiality. Employee agrees to maintain in confidence the existence of this Agreement, the contents and terms of this Agreement, and the consideration for this Agreement (hereinafter collectively
referred to as “Separation Information”). Employee agrees to take every reasonable precaution to prevent disclosure of any Separation Information to third parties, and agrees that there will be no publicity, directly or indirectly,
concerning any Separation Information. Employee agrees to take precaution to disclose Separation Information only to those attorneys, accountants, governmental entities, and family members who have a reasonable need to know of such Separation
Information. 
  
 8. Non Disparagement. Employee agrees to
refrain from any defamation, libel or slander, or tortious interference with the contracts and relationships of the Company and its respective officers, directors, employees, investors, shareholders, administrators, affiliates, divisions,
subsidiaries, predecessor and successor corporations, and assigns. 
  
 9. Nondisclosure of Confidential and Proprietary Information; Nonsolicitation. Employee agrees that he shall continue to maintain the confidentiality of all confidential and proprietary information of the Company as provided by the
agreement regarding confidential and proprietary information and ownership of inventions (the “Confidentiality Agreement”) between the Company and Employee. Employee agrees that at all times hereafter, in accordance with the terms of the
Confidentiality Agreement and applicable state and federal law, Employee shall not divulge, furnish or make available to any party any confidential information, trade secrets, patents, patent applications, price decisions or determinations,
inventions, customers, proprietary information or other intellectual property rights of the Company, until after such time as such information has become publicly known otherwise than by act of collusion of Employee. Employee further agrees that for
a 12-month period commencing on the Termination Date, he will not solicit, recruit, or induce any employee of QRS Corporation to terminate or alter his employment or consulting relationship with the Company. Employee further acknowledges and agrees
that he has returned or will have returned all the Company’s property and confidential and proprietary information in his possession to the Company as of the Termination Date. 
  
 10. Breach of this Agreement. Employee acknowledges that breach of the confidential and proprietary information
provision contained in Paragraph 9 of this Agreement would cause the Company to sustain irreparable harm from such breach, and, therefore, Employee agrees that in addition to any other remedies which the Company may have for any breach of this
Agreement or otherwise, including termination of the Company’s obligations to provide benefits to Employee as described in Paragraph 2 of this Agreement, the Company shall be entitled to obtain equitable relief including specific performance
and injunctions, restraining Employee from committing or continuing any such violation of this Agreement. 
  
 11. Non-Admission of Liability. It is expressly understood and agreed that nothing contained in this Agreement shall constitute or be treated as an
admission of any wrongdoing by the Company nor any admission of Company liability. 
  

 3 

 12. No Filing of Claims. Employee represents and warrants that he does not presently have on file,
and further represents and warrants that he will not hereafter file, any claims, charges, grievances or complaints against the Company in or with any administrative, state, federal or governmental entity, agency, board or court, or before any other
tribunal or panel or arbitrators, public or private, based upon any actions or omissions by the Company occurring prior to the date of this Agreement, except that Employee is not precluded from filing any charge with the EEOC or OPEH. 
  
 13. Authority; Ownership. The Company represents and warrants that the
undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it to the terms and conditions of this Agreement. Employee represents and warrants that he has the capacity to act on his own behalf
and on behalf of all who might claim through him to bind them to the terms and conditions of this Agreement. Employee represents and warrants that he is the sole and lawful owner of all rights, title and interest in and to all released matters,
claims and demands referred to herein. Employee further represents and warrants that there has been no assignment or other transfer of any interest in any such matters, claims or demands which he may have against the Company. Employee warrants and
represents that there are no liens or claims of lieu or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein. 
  
 14. No Representations. Each Party represents that it has carefully read and understands the scope and effect of the
provisions of this Agreement. Neither Party has relied upon any representations or statements made by the other Party which are not specifically set forth in this Agreement. 
  
 15. Costs. The Company and Employee shall each bear their own costs, attorneys’ fees and other fees incurred in
connection with this Agreement. 
  
 16. Severability. In
the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 
  
 17. Arbitration. The Company and Employee shall attempt to settle all
disputes arising in connection with this Agreement through good faith consultation. In the event no agreement can be reached on such dispute within fifteen (15) days after notification in writing by either Party to the other concerning such dispute,
the dispute shall be settled by binding arbitration to be conducted in San Francisco before the American Arbitration Association under its National Employment Dispute Resolution Rules, by an arbitrator or judge to be mutually agreed upon. The
arbitration decision shall be final, conclusive and binding on both Parties and any arbitration award or decision may be entered in any court having jurisdiction. The Parties agree that the prevailing party in any arbitration shall be entitled to
injunctive relief in any court of competent jurisdiction to enforce the arbitration award. The Company and Employee each further agree that the prevailing party in any such proceeding shall be awarded reasonable attorneys’ fees and costs. The
Company and Employee each hereby waive any rights they may have to trial by jury in regard to claims arising out of this Agreement or the enforcement of this Agreement. 
  
 18. Entire Agreement. This Agreement represents the entire agreement and understanding between the Company and
Employee concerning Employee’s separation from the Company and supersedes and replaces any and all prior agreements and understandings concerning Employee’s relationship with the Company and his compensation by the Company other than the
Confidentiality Agreement described above in Paragraph 9. 
  

 4 

 19. No Oral Modification. This Agreement may only be amended in writing signed by Employee and the
Company. 
  
 20. Governing Law. This Agreement shall be
governed by the laws of the State of California without reference to its conflict of laws provisions. 
  
 21. Acknowledgement of Waiver of Claims under ADEA. Employee acknowledges that he is waiving and releasing any rights he may have under the Age
Discrimination in Employment Act of 1967 and its amendments, including the Older Worker Benefits Protection Act (“ADEA”), and that this waiver and release is knowing and voluntary. Employee further acknowledges that he has been advised by
this writing that (a) he should consult with an attorney prior to executing this Agreement; (b) he has up to twenty-one (21) days within which to consider this Agreement; (c) he has seven (7) days following the execution of this Agreement to revoke
the Agreement (the “Revocation Period”); and (d) this Agreement shall not be effective until the Revocation Period has expired (the “Effective Date”). Notice of revocation shall be made in writing by delivery to the Vice
President, Finance of the Company within the seven-day period provided for herein. 
  
 22. Counterparts. This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of
each of the undersigned. 
  
 23. Assignment. This Agreement
may not be assigned by Employee or the Company without the prior written consent of the other party. Notwithstanding the foregoing, this Agreement may be assigned by the Company to a corporation controlling, controlled by or under common control
with the Company without the consent of Employee. 
  
 24.
Voluntary Execution of Agreement. Employee agrees that he is executing this Agreement voluntarily and without any duress or undue influence, with the full intent of releasing all claims. Employee acknowledges that: 
  

	 	(a)	He has read this Agreement; 

  

	 	(b)	He has been advised by this writing to consult with legal counsel of his own choice or has voluntarily declined to seek such counsel; 

  

	 	(c)	He understands the terms and consequences of this Agreement and of the releases it contains; and 

  

	 	(d)	He is fully aware of the legal and binding effect of the Agreement. 

  

 5 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the respective dates set forth below.

  

			
	 FRED L. RUFFIN

	
	 /s/ Fred L. Ruffin

	
	 QRS CORPORATION

		
	 By:
	 	 /s/ Jaime Villagomez

	 Name: Jaime Villagomez

	 Title: V.P. Finance

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]