Document:

Amendment No. 4 to Credit Agreement

 Exhibit 10.1 
  
 EXECUTION VERSION 
  
 AMENDMENT NO. 4 – CREDIT AGREEMENT 
 (PUBLISHED CUSIP NUMBER 01736CAA0) 
 (PUBLISHED ISIN NUMBER US01736CAA09) 
  
 AMENDMENT NO. 4, dated as of May 17, 2005 (this
“Amendment”), in respect of the Credit Agreement (as in effect immediately prior to the effectiveness of this Amendment, including, without limitation, after giving effect to Amendment Nos. 1, 2 and 3, dated as of May 28,
2004, October 12, 2004 and March 18, 2005, respectively, the “Credit Agreement”), dated as of March 8, 2004, among Allegheny Energy, Inc. (the “Borrower”), the Lenders, the Issuing Banks and Citicorp
North America, Inc., as Administrative Agent. Capitalized terms not otherwise defined herein shall have the same meanings as set forth in the Credit Agreement. 
  

PRELIMINARY STATEMENTS 
  
 (1) The Borrower has requested that the Required Lenders agree to modify the definition of “Borrower Interest Expense” in Section 1.01 of the
Credit Agreement as set forth in this Amendment. 
  
 SECTION 1.
Amendment. Subject to the satisfaction of the conditions precedent set forth in Section 2, the Required Lenders hereby agree to amend the definition of “Borrower Interest Expense” in Section 1.01 of the Credit Agreement by inserting
the text that appears below as bolded and underlined text: 
  
 “Borrower Interest Expense” means, for any period, (a) the sum of, without duplication, (i) the interest expense (including imputed interest expense in respect of Capitalized Leases) of the
Borrower for such period (including all commissions, discounts and other fees and charges owed by the Borrower with respect to letters of credit and bankers’ acceptance financing), in each case determined in accordance with GAAP, plus
(ii) any interest accrued during such period in respect of Debt of the Borrower that is required to be capitalized rather than included in interest expense of the Borrower for such period in accordance with GAAP, minus (b) to the extent
included in such interest expense referred to in clause (a)(i) for such period, amounts attributable to the amortization of financing costs and non-cash amounts attributable to the amortization of debt discounts in respect of Debt of the
Borrower; provided, however, that neither (i) any payments of up to $47,300,000 in the aggregate made to holders of the 11 7/8% Mandatorily Convertible Trust Preferred Securities (the “Preferred Securities”) of Allegheny Capital Trust I in connection with the consummation of the tender for,
and subsequent redemption of, the Preferred Securities and the corresponding tender and subsequent redemption of the Convertible Bonds and exercise of warrants attached thereto for shares of common stock par value $1.25 per share of the Borrower nor
(ii) accrued interest and interest paid under the summary judgment granted against the Borrower in the Merrill Lynch Litigation, shall be included in any determination of the interest expense of the Borrower. For purposes of the foregoing, interest expense shall be determined after giving
effect to any net payments made or received by the Borrower with respect to interest rate Hedging Agreements. 

 SECTION 2. Conditions of Effectiveness. This Amendment shall become effective when, and only when,
the Administrative Agent shall have received counterparts of this Amendment executed by the Borrower and the Required Lenders or, as to any of the Lenders, advice satisfactory to the Administrative Agent that such Lender has executed this Amendment.
The effectiveness of this Amendment is further conditioned upon the accuracy of the factual matters described herein. This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement. 
  
 SECTION 3. Representations and Warranties of the Borrower. The
Borrower hereby represents and warrants as follows: 
  
 (a) It is a corporation duly organized, validly existing and in good standing under the laws of the State of Maryland. 
  
 (b) Its execution, delivery and performance of this Amendment, are within its powers, have been duly authorized by all necessary corporate
action, and do not and will not (i) contravene its Constituent Documents, (ii) violate any law, rule, regulation (including Regulation X of the Board of Governors of the Federal Reserve System), order, writ, judgment, injunction, decree,
determination or award, (iii) conflict with or result in the breach of, or constitute a default or require any payment to be made under, any contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument binding on or
affecting it or any of its properties or (iv) result in or require the creation or imposition of any Lien upon or with respect to any of its Assets. It is not in violation of any such law, rule, regulation, order, writ, judgment, injunction, decree,
determination or award or in breach of any such contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument, the violation or breach of which could be reasonably expected to have a Material Adverse Effect. 
  
 (c) No authorization or approval or other action by, and no
notice to or filing with, any Governmental Authority is required for the due execution, delivery or performance by it of this Amendment. 
  
 (d) This Amendment has been duly executed and delivered by it. This Amendment is its legal, valid and binding obligations, enforceable
against it in accordance with its terms, except to the extent limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of
equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
  
 (e) No Default has occurred and is continuing. 
  
 SECTION 4. Reference to and Effect on the Credit Agreement. (a) On and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in each of the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this Amendment. 
  
 (b) The Credit Agreement, as specifically amended by this Amendment, is and shall continue to be in full force and effect
and is hereby in all respects ratified and confirmed. 
  

 2 

 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any Lender Party or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
  
 SECTION 5. Costs and Expenses. The Borrower agrees to pay on demand
all costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including,
without limitation, the reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of section 8.04 of the Credit Agreement. 
  
 SECTION 6. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to
this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 
  
 SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	 ALLEGHENY ENERGY, INC.,
 as
Borrower

		
	By	 	 /s/ Suzanne C. Lewis

	Name:	 	Suzanne C. Lewis
	Title:	 	Vice President and Treasurer

			
	 CITICORP NORTH AMERICA, INC.,
 as
Administrative Agent

		
	By	 	 /s/ Robert J. Harrity Jr.

	Name:	 	 
	Title:	 	 
	
	 CITICORP NORTH AMERICA, INC.,
 as
Lender

		
	By	 	 /s/ Robert J. Harrity Jr.

	Name:	 	 
	Title:	 	 
	
	 CITIGROUP FINANCIAL PRODUCTS, INC.,
 as
Lender

		
	By	 	 /s/ Robert J. Harrity Jr.

	Name:	 	 
	Title:	 	 

			
	 THE BANK OF NOVA SCOTIA,
 as Lender

		
	 By
	 	 /s/ Thane Rattew

	 Name:
	 	 Thane Rattew

	 Title:
	 	 Managing Director

  
  

			
	 PNC BANK, NATIONAL ASSOCIATION,
 as Lender

		
	 By
	 	 /s/ Thomas A. Majeski

	 Name:
	 	 Thomas A. Majeski

	 Title:
	 	 Vice President

  
  

			
	 BANK OF AMERICA N.A.,
 as
Lender

		
	 By
	 	 /s/ Michelle A. Schoenfeld

	 Name:
	 	 Michelle A. Schoenfeld

	 Title:
	 	 Senior Vice President

			
	 JPMORGAN CHASE BANK,
 as
Lender

		
	By	 	 /s/ Peter M. Ling

	Name:	 	 Peter M. Ling

	Title:	 	 Managing Director

  
  

					
	 	 	Windsor Loan Funding, Limited
	 	 	 By: Stanfield Capital Partners LLC
 as its
Investment Manager
                                       
  ,
 as Lender

			
	 	 	By	 	 /s/ Christopher A. Bondy

	 	 	Name:	 	Christopher A. Bondy
	 	 	Title:	 	 Partner

  
  

			
	 Stanfield Modena CLO, Ltd
 By: Stanfield Capital Partners, LLC
 as its Asset Manager

	                                       
                                     
 ,

	 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	Christopher A. Bondy
	 Title:
	 	Partner

  
  

			
	 Hamilton CDO, Ltd.

	 By: Stanfield Capital Partners LLC
 As its Collateral Manager
                                       
  ,
 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

  
  

			
	 CDL LOAN FUNDING LLC,
 as Lender

		
	 By
	 	 Jason Trala

	 Name:
	 	 Jason Trala

	 Title:
	 	 Attorney-In-Fact

  
  

			
	 	 	 XL RE Ltd.

	 	 	 By: Stanfield Capital Partners LLC
 as its Collateral Manager
                                       
  ,
 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

  
  

			
	 Stanfield Carrera CLO, Ltd.
 By: Stanfield Capital Partners LLC
 as its Asset Manager
                                       
                                        
      ,

	 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

			
	 Stanfield Quattro CLO, Ltd.

	 By: Stanfield Capital Partners LLC
 As its Collateral Manager
                                       
  ,
 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

  
  

			
	 Stanfield Arbitrage CDO, Ltd.

	 By: Stanfield Capital Partners LLC
 as its Collateral Manager
                                       
  ,
 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

  
  

			
	 BALLANTYNE FUNDING LLC,
 as Lender

		
	 By
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

			
	 DUNES FUNDING LLC,
 as Lender

		
	 By
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

  
  

			
	 BIRCHWOOD FUNDING LLC,
 as Lender

		
	 By
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

  
  

			
	 FOREST SPC LLC,
 as Lender

		
	 By
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

  
  

			
	 STANWICH LOAN FUNDING LLC,
 as Lender

		
	 By
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

  
  

			
	 Stanfield/RMF Transatlantic CDO Ltd.
 By: Stanfield Capital Partners LLC
 as its Collateral Manager

	                                       
                                  ,

	 as Lender

		
	 By
	 	 /s/ Christopher A. Bondy

	 Name:
	 	 Christopher A. Bondy

	 Title:
	 	 Partner

			
	 ULT CBNA Loan Funding LLC for itself or
 as
agent for ULT CFPI Loan Funding LLC
                                       
                      ,
 as
Lender

		
	 By
	 	 /s/ Janet Haack

	 Name:
	 	 Janet Haack

	 Title:
	 	 As Attorney-In-Fact

  
  

			
	 SOL Loan Funding LLC for itself or as agent for
 SOL2 Loan Funding LLC

	                                       
                                  ,

	 as Lender

		
	 By
	 	 /s/ Janet Haack

	 Name:
	 	Janet Haack
	 Title:
	 	As Attorney-In-Fact

  
  

			
	 Stedman CBNA Loan Funding LLC, for
 Itself or as agent for Stedman CFPI Loan
 Funding
LLC                            

	 as Lender

		
	 By
	 	 /s/ Janet Haack

	 Name:
	 	Janet Haack
	 Title:
	 	As Attorney-In-Fact

  
  

			
	 Trumbull THC2 Loan funding LLC, for itself for
 As agent for Trumbull THC2 CFPI Loan Funding
 LLC.

	 as Lender

		
	 By
	 	 /s/ Janet Haack

	 Name:
	 	 Janet Haack

	 Title:
	 	 As Attorney-In-Fact

  
  

			
	 Bushnell CBNA Loan Funding LLC, for itself
 Or as agent for Bushnell CFPI Loan Funding LLC,

	 as Lender

		
	 By
	 	 /s/ Janet Haack

	 Name:
	 	 Janet Haack

	 Title:
	 	 As Attorney-In-Fact

			
	 CREDIT SUISSE, Cayman Islands Branch,
 (formerly known as Credit Suisse First Boston,
 acting through its Cayman Islands Branch)

	 as Lender

		
	 By
	 	 /s/ Thomas R. Cantello

	 Name:
	 	 Thomas R. Cantello

	 Title:
	 	 Vice President

		
	 By
	 	 /s/ Gregory S. Richards

	 Name:
	 	 Gregory S. Richards

	 Title:
	 	 AssociateSeparation Agreement and Full and Final Release of Claims

 Exhibit 10.31 
  
 SEPARATION AGREEMENT AND 
 FULL AND FINAL RELEASE OF CLAIMS 
  
 This Separation Agreement and Full and Final Release of Claims (“Agreement”) is by and between KEN KALINOSKI (“Employee” or “you”), and FORGENT NETWORKS, INC., a Delaware corporation
(“Forgent” or “Company”) (collectively referred to herein as the “Parties). This Agreement shall be effective as of seven (7) days following its execution by Employee (the “Effective Date”) unless Employee
exercises his right of revocation pursuant to Paragraph 14 of this Agreement. 
  
 RECITALS: 
  
 WHEREAS, Employee’s employment with the Company will be terminated; and 
  
 WHEREAS, the Parties have decided to resolve any differences arising out of Employee’s employment with Forgent
and separation therefrom, consistent with the terms and conditions set forth below. 
  
 NOW, THEREFORE, in consideration of the mutual promises and agreements herein contained, including the recitals above, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

  
 1. Termination. Employee will be
terminated from all offices and positions of employment with the Company effective May 1, 2005 (“Termination Date”), thereby discontinuing any employer/employee relationship between the Parties. 
  
 2. Severance. 
  
 a. Payment. The Company will provide you with
severance payments equivalent to your normal semi-monthly wages through February 15, 2006, which is approximately nine (9) months of your base salary. The severance payments are subject to all applicable payroll deductions and withholdings, and will
be paid on the Company’s regularly scheduled pay dates. 
  
 b. Benefits. For a period of nine (9) months from the Effective Date, Forgent shall pay for the cost under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) of extending
Employee’s medical benefits through the Company health plan. 
  
 c. Termination of Severance. Employee acknowledges and agrees that if he breaches any of his obligations under either this Agreement or his Confidentiality and Invention Disclosure Agreement with the Company
(formerly known as the VTEL Corporation) (“VTEL Agreement”), the Company shall have the right to (i) immediately cancel all of its remaining payment obligations hereunder, if any, (ii) recover from Employee any amounts previously paid to
Employee hereunder, and (iii) pursue any other remedies available to the Company for such breach; provided, however, that these 

  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 1

 
penalty provisions do not apply to any claims, charges, or lawsuits which challenge the validity of Employee’s release under the Older Workers’
Benefit Protection Act (“OWBPA”). 
  
 3.
Release. 
  
 a. Employee hereby
knowingly and voluntarily releases and forever discharges the Company, its parents, affiliates, predecessors, successors and assigns, and each of its officers, directors, agents, and employees (collectively referred to herein as the
“Releasees”) from any and all claims, liabilities, costs, and damages of any nature whatsoever, both known and unknown, under federal, state, or local laws, which he has or may have against the Releasees for any alleged act or omission
which occurred on or at any time prior to the date of Employee’s execution of this Agreement including, but not limited to, any claims related to: (1) breach of contract, personal injury, or tort including, but not limited to, claims of
wrongful discharge, fraud, promissory estoppel, intentional infliction of emotional distress, defamation, and assault; (2) claims, if any, arising out of or in connection with the initiation, termination, or existence of Employee’s employment
relationship with Forgent, or any services performed on behalf of Forgent; (3) claims, if any, regarding leave, vacation, bonuses, commissions, stock options, or any other form of payment or benefits attributable to his employment with Forgent; and
(4) employment discrimination on the basis of race, color, gender, disability, religion, national origin, age, or any other status protected by law including, but not limited to, under the Civil Rights Acts of 1964 and 1991, as amended, the
Americans With Disabilities Act, the Age Discrimination in Employment Act (“ADEA”), the Equal Pay Act, the Fair Labor Standards Act, the Family and Medical Leave Act, COBRA, the Employee Retirement Income Security Act, the Worker
Adjustment and Retraining Notification Act, the National Labor Relations Act, as amended, and Sections 1981-1983 of Title 42 of the United States Code. 
  
 b. Employee warrants that he has not filed any claims, complaints, charges, or lawsuits against Forgent with any governmental agency or
any court, and agrees never to institute, directly or indirectly, any action or proceeding of any kind whatsoever against the Releasees based on or arising out of, and alleged to have been suffered as a consequence of Employee’s employment,
discontinuation of employment, or Employee’s relationship to date including, but not limited to, any with the Company. Excluded from this Agreement are any claims which cannot be waived by law. Employee does waive, however, his right to any
monetary recovery should any agency pursue any claims on Employee’s behalf. 
  
 c. This Agreement specifically includes, but not by way of limitation, all claims which might be asserted by or on behalf of Employee in
any suit or claim against the Releasees, for or on account of any matter whatsoever, up to and including the present time. Employee represents and warrants that to the best of his knowledge, no other person or entity, other than Employee, is
entitled to assert any claims of any kind or character based on or arising out of, and alleged to have been suffered by, in, or as a consequence of Employee’s employment, separation from employment, and Employee’s relationship to date with
the Company. 
  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 2

 4. Confidential Information. 
  
 a. Definition. “Confidential Information”
means information: (1) disclosed to or known by Employee as a consequence of or through his employment with Forgent; (2) not generally known outside Forgent; and (3) which relates to any aspect of Forgent or its business, prospective business,
research, or development. By example and without limitation, Confidential Information includes, but is not limited to, any and all information of the following or similar nature, whether transmitted verbally, electronically or in writing: copyright,
service mark and trademark registrations and applications; patents and patent applications; licenses; agreements; unique and special methods; techniques; procedures; processes; routines; formulas; know-how; trade secrets; innovations; inventions;
discoveries; improvements; research proposals, development, test results or papers; specifications; technical data and/or information; software; quality control and manufacturing procedures; formats; sketches; drawings; models; sales figures; files;
marketing plans; strategies; business plans and forecasts; customer, pricing, and financial information; budgets; methodologies; computer code and programs; compilations of information; reports; records; compensation and benefit information;
customer, vendor, and supplier identities and characteristics; information provided to Forgent by a third party under restrictions against disclosure or use by Forgent or others; information designated secret or confidential by Forgent; and
information of which unauthorized disclosure could be detrimental to the interests of Forgent, whether or not such information is identified as confidential information by Forgent. 
  
 b. Value of Confidential Information. Employee acknowledges that all Confidential Information is
valuable, proprietary and the exclusive property of Forgent. All business records, papers and documents kept or made by Employee relating to the business of Forgent shall be and remain the property of Forgent. 
  
 c. Non-Disclosure. Employee agrees that in performance
of work for Forgent, he has been privy to Confidential Information of considerable value to Forgent, its stockholders, and customers. Employee will hold in strictest confidence and shall not, directly or indirectly, use or reveal, divulge, make
known to or permit the use of by third parties, any Confidential Information, unless required to do so by law. Employee agrees that the fact that Employee and the Company have reached this Agreement and its terms, specifically including, but not
limited to, the amount paid hereunder, will be treated as a strictly confidential matter between the Parties, and will not be disclosed by Employee to any third party or entity, save and except (a) Employee’s attorneys, tax advisors, and
immediate family; provided each of the foregoing are advised by Employee of this confidentiality requirement, and each agrees to maintain full confidentiality; (b) governmental agencies; and (c) pursuant to a lawfully issued subpoena from a court of
competent jurisdiction. This Non-Disclosure provision is a material and substantial term of this Agreement. Employee and the Company agree, however, that this Agreement may be used as evidence in a subsequent proceeding in which any of the Parties
allege a breach of this Agreement. 
  
 d.
Return of Company Property. Employee acknowledges and warrants that he or his personal representative has returned to Forgent: (a) all keys, entry cards, 

  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 3

 
identification badges, credit cards, vehicles and other property of Forgent; and (b) Confidential Information in Employee’s possession or control.
Employee acknowledges and warrants that he has not kept any copies, nor made or retained any abstracts or notes, of any Confidential Information. 
  
 5. Non-Disparagement. Employee agrees that he will not in any way disparage, defame, deprecate, denigrate, defame, vilify, libel,
slander, place in a negative light, or in any other way harm or attempt to harm the reputation, good will, or commercial interest of Forgent or any of the other Releasees. Employee also agrees that he will instruct his attorney(s) and immediate
family members to abide by the non-disparagement obligations contained in this Agreement. In the event that Employee breaches the promises contained in this paragraph, Forgent’s obligation to make payment of any sums otherwise due under this
Agreement will terminate; Employee agrees to promptly return all monies already paid pursuant to this Agreement; and Employee agrees to be liable for any additional damages, including any attorneys’ fees and costs incurred. 
  
 6. Continued Cooperation. Subject to reimbursement of
reasonable out-of-pocket travel costs and expenses, Employee agrees to cooperate fully with Forgent and its counsel with respect to (i) the pending litigation between the Estate of Gordon Matthews and the Company, (ii) the Company’s disposal
and discontinuation of its Alliance Software product, and (iii) any other litigation, investigation, administrative, governmental, or corporate proceeding which relates to matters with which Employee was involved during the term of his employment
with Forgent. Such cooperation may include appearing from time to time at the offices of Forgent or its counsel for conferences and interviews, ratifying corporate documents and, in general, providing the officers of Forgent and its counsel with the
full benefit of Employee’s knowledge with respect to any such matter. Employee agrees to render such cooperation in a timely fashion and at such times as may be mutually agreeable to the parties concerned. 
  
 7. No Admissions. The terms of this Agreement are a
compromise and settlement of any disputed claims, the validity, existence, or occurrence of which are expressly denied by the Company. This Agreement does not constitute, and shall not be construed as, an admission by the Company of any breach of
contract or other violation of any right of Employee, or any harm to him/her of any kind whatsoever, or of any violation of any federal, state, or local statute, law, or regulation. To the contrary, the Company denies any liability whatsoever to
Employee. 
  
 8. Multiple Originals. This
Agreement may be executed in a number of identical counterparts, each of which shall be deemed an original for all purposes. 
  
 9. Entire Agreement. Employee acknowledges that in deciding to sign this Agreement he has not relied on any promises or commitments,
whether spoken or in writing, made to him by any Company representative, except for what is expressly stated in this Agreement. This Agreement constitutes the entire understanding and agreement between the Parties hereto concerning the subject
matter contained herein, and supersedes any prior employment or similar agreements between the Parties, with the exception of the VTEL Agreement, the terms and conditions of which expressly survive this Agreement. Employee further acknowledges that
his termination from employment with Forgent does not and will not trigger any compensation, benefits or other rights under the Parachute Agreement executed by 

  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 4

 
him at or near the time of his hire by the Company, and that the Parachute Agreement is hereby superseded and void. 
  
 10. Governing Law. This Agreement shall in all respects
be interpreted, enforced, and governed by the internal laws of the State of Texas. The language of this Agreement shall be construed as a whole, according to its fair meaning, and shall not be construed strictly for or against either of the Parties.

  
 11. Severability. If any provision of
this Agreement is held by final judgment to be invalid, illegal, or unenforceable, such invalid, illegal, or unenforceable provision shall be severed from the remainder of this Agreement, and the remainder of this Agreement shall be enforced. In
addition, the invalid, illegal, or unenforceable provision shall be deemed to be automatically modified and, as so modified, to be included in this Agreement, such modification being made to the minimum extent necessary to render the provision
valid, legal and enforceable. Notwithstanding the foregoing, however, if the severed or modified provision concerns all or a portion of the essential consideration to be delivered under this Agreement by one party to the other, the remaining
provisions of this Agreement shall also be modified to the extent necessary to equitably adjust the Parties’ respective rights and obligations hereunder. 
  

12. Remedies and Arbitration. Any dispute regarding any aspect of this Agreement or any act which allegedly has or would violate
any provision of this Agreement (“Arbitrable Dispute”) will be submitted to arbitration before an experienced arbitrator licensed to practice law in the State of Texas and selected in accordance with the Model Employment Arbitration
Procedures of the American Arbitration Association (“AAA”), as the exclusive remedy for such claim or dispute. The arbitration shall be conducted in accordance with the Model Employment Arbitration Procedures of the AAA. The cost of the
arbitration will be shared equally by Employee and the Company. Arbitration of Arbitrable Disputes is mandatory and in lieu of any and all civil causes of action and lawsuits either party may have against the other arising out of Employee’s
employment with the Company, or separation therefrom or under this Agreement; provided, however, that any claim the Company has for breach of the covenants contained in Paragraphs 4 or 5 of this Agreement shall not be subject to mandatory
arbitration, and may be pursued in a court of law or equity. Without limiting the remedies available to Forgent, Employee acknowledges a breach of any of the covenants contained in Paragraphs 4 or 5 may result in material irreparable injury to the
Company for which there is no adequate remedy at law, that it may not be possible to measure damages for such injuries precisely, and that in the event of such a breach or threat thereof, Forgent may be entitled to obtain a temporary restraining
order and/or a preliminary or permanent injunction restraining Employee from engaging in activities prohibited by Paragraphs 4 or 5 or such other relief as may be required to specifically enforce any of the covenants in such Paragraphs. Should any
party to this Agreement hereafter institute any legal action or administrative proceeding against the other with respect to any claim(s) waived by this Agreement or pursue any Arbitrable Dispute by any method other than said arbitration, the
responding party shall be entitled to recover from the initiating party all damages, costs, expenses, and attorneys’ fees incurred as a result of such action and recoverable under the law. 
  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 5

 13. Modification in Writing. Forgent and Employee agree that the covenants and/or
provisions of this Agreement may not be modified by any subsequent agreement unless the modifying agreement is in writing and signed by both Parties. 
  
 14. Waiver of Rights. Employee acknowledges that the terms of this Agreement fully comply with the Older Workers’ Benefits
Protection Act of 1990, and that said terms therefore are final and binding. Specifically, Employee acknowledges that: 
  
 a. The terms of this Agreement not only are understandable, but they are also fully understood by Employee; 
  
 b. This Agreement specifically refers to Employee’s
rights and claims under the Age Discrimination in Employment Act, as well as to the laws of the State of Texas prohibiting age discrimination, and Employee understands that such rights and claims are irrevocably being waived by Employee; 

 
 c. The consideration recited in this Agreement is
adequate to make it final and binding, and is in addition to payments or benefits to which Employee would otherwise be entitled as a former employee of the Company; 
  
 d. Employee has been advised of the right to consult with an attorney before entering this Agreement, and
has exercised such right to the extent Employee wishes to do so; 
  
 e. Employee has been given adequate time, up to twenty-one (21) days if he so desires, to consider this Agreement, and Employee understands and acknowledges that any changes made to this Agreement, whether material or
immaterial, will not re-start this 21-day period; and 
  
 f. Employee understands that this Agreement may be revoked by Employee up to seven (7) days after its execution, following which time it is final and binding. In order to revoke this Agreement, Employee must deliver to the Company a signed
written statement of revocation. Employee further understands that if he does not revoke this Agreement during said seven (7) day period, it shall be deemed accepted. 
  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 6

 15. Voluntary Agreement. EXECUTIVE FURTHER STATES THAT HE HAS CAREFULLY READ THE
FOREGOING “SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS,” AND THAT HE KNOWS AND UNDERSTANDS THE CONTENTS THEREOF, AND THAT HE EXECUTES THE SAME AS HIS OWN FREE ACT AND DEED. 
  

									
	Agreed to:	 	 	 	FORGENT NETWORKS, INC.
				
	 /s/ Ken Kalinoski

	 	 	 	By:	 	 /s/ Michael Noonan

	 KEN KALINOSKI
	 	 	 	 Name:
	 	 MICHAEL NOONAN

	 	 	 	 	 Title:
	 	 Sr. Director, Human Resources

			
	 Date: 5/24/2005

	 	 	 	 Date: 5/24/2005

  

			
	SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS	  	Page 7

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