Document:

exv10w44

 

Exhibit 10.44

August 24, 2005

Mr. Gregory Anderson

1901 John Street

Manhattan Beach, CA 90266

PERSONAL AND CONFIDENTIAL

Dear Greg:

          This letter sets forth the substance of the separation agreement (the “Agreement”) which
Vitria Technology (the “Company”) is offering to you to aid in your employment transition.

SEPARATION DATE: September 12, 2005

SEPARATION PAY AMOUNT:

	 	•	 	Severance pay through November 30, 2005 in the amount of $60,464.75
less standard deductions and withholdings
	 
	 	•	 	Medical, dental and vision benefits through November 30, 2005

RETURN DATE: You will have until September 16, 2005 to accept this Waiver/Separation Agreement.

In accordance with the Age Discrimination in Employment Act (the “ADEA”), you have a period of 21
days in which to consider the terms of this Agreement and 7 days, after signing this Agreement, in
which you may choose to revoke your acceptance of its terms. If you exercise this right of
revocation, you must put the revocation in writing and deliver or mail it to the Company within the
seven (7) day revocation period. A mailed revocation must be postmarked within the seven (7) day
revocation period and properly addressed to the Company, to the attention of the individual who has
signed this letter. You are advised to consult an attorney before waiving any rights that you may
have under the ADEA. Eight (8) days after both parties have signed this Agreement (the “Effective
Date”), its terms will automatically become effective provided that you have returned the Agreement
to the individual who has signed this letter, unless you have revoked your acceptance of the terms.
The Company will mail the separation payment to you ten (10) business days after the Effective
Date.

	 	1.	 	SEPARATION. Your last day of employment with the Company is September 12, 2005
(the “Separation Date”). On the Separation Date, you will be paid all accrued salary,
and all accrued and unused vacation earned through the Separation Date, subject to
standard deductions and withholdings. You are entitled to these payments regardless of
whether you sign this Agreement.
	 
	 	2.	 	SEPARATION. Although the Company has no policy or procedure requiring payment
of any separation benefits, if you sign this Agreement and comply with your obligations
herein, the Company will make the separation payment as set forth above.

 

 

	 	3.	 	HEALTH INSURANCE. To the extent provided by the federal COBRA law or, if
applicable, state insurance laws, and by the Company’s current group health insurance
policies, you will be eligible to continue your group health insurance benefits at your
own expense beginning December 1, 2005. Later, you may be able to convert to an
individual policy through the provider of the Company’s health insurance, if you wish.
	 
	 	4.	 	OTHER COMPENSATION OR BENEFITS. You acknowledge that, except as expressly
provided in this Agreement, you will not receive any additional compensation,
separation pay or benefits after the Separation Date.
	 
	 	5.	 	STOCK OPTIONS. You expressly acknowledge and agree that your Company stock
options cease vesting the day after the Separation Date. You must
exercise vested shares, pursuant to the terms of Vitria’s Equity Incentive Plan, within ninety (90)
days after the Separation Date.
	 
	 	6.	 	EXPENSE REIMBURSEMENTS. You agree that within thirty (30) days of the
Separation Date, you will submit your final documented expense reimbursement statement
to Human Resources reflecting all business expenses you incurred through the Separation
Date, if any, for which you seek reimbursement. The Company will reimburse you for
these expenses pursuant to its regular business practice.
	 
	 	7.	 	RETURN OF COMPANY PROPERTY. You agree to return to the Company on or before
the Separation Date or on a date otherwise agreed to in writing with the Company, all
Company property which you have had in your possession at any time, including, but not
limited to, Company files, notes, drawings, records, business plans and forecasts,
financial information, specifications, computer-recorded information, tangible property
(including, but not limited to, computers), credit cards, entry cards, identification
badges and keys; and any materials of any kind which contain or embody any proprietary
or confidential information of the Company (and all reproductions thereof). Failure to
return Company property as specified herein shall entitle Vitria Technology to withhold
separation benefits pursuant to this Agreement.
	 
	 	8.	 	PROPRIETARY INFORMATION OBLIGATIONS. Both during and after your employment you
will refrain from any use or disclosure of the Company’s proprietary or confidential
information or materials, and you acknowledge that you continue to be bound by the
terms of the Company’s Confidentiality Agreement attached hereto as Exhibit A.
	 
	 	9.	 	CONFIDENTIALITY. The provisions of this Agreement shall be held in strictest
confidence by you and the Company and shall not be publicized or disclosed in any
manner whatsoever; provided, however, that: (a) you may disclose this Agreement to
your immediate family; (b) the parties may disclose this Agreement in confidence to
their respective attorneys, accountants, auditors, tax preparers, and financial
advisors;
	 
	 	 	 	(c) the Company may disclose this Agreement as necessary to fulfill standard or legally
required corporate reporting or disclosure requirements; and (d) the parties

 

 

	 	 	 	may disclose this Agreement insofar as such disclosure may be necessary to enforce
its terms or as otherwise required by law.
	 
	 	10.	 	NONDISPARAGEMENT. You agree that you will not at any time disparage the
Company or its directors, officers, shareholders, agents, or employees in any manner
likely to be harmful to the personal or business reputation of it or them, and the
Company (through its officers and directors) agrees that it will not disparage you in
any manner likely to be harmful to your personal or business reputation, provided that
both you and the Company shall respond accurately and fully to any question, inquiry,
or request for information when required by legal process.
	 
	 	11.	 	RELEASE. In exchange for the consideration provided to you by this Agreement
that you are not otherwise entitled to receive, you hereby generally and completely
release the Company and its directors, officers, employees, shareholders, partners,
agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers,
affiliates, and assigns from any and all claims, liabilities and obligations, both
known and unknown, that arise out of or are in any way related to events, acts,
conduct, or omissions occurring prior to or on the date you sign this Agreement. This
general release includes, but is not limited to: (1) all claims arising out of or in
any way related to your employment with the Company or the termination of that
employment; (2) all claims related to your compensation or benefits from the Company,
including salary, bonuses, commissions, vacation pay, expense reimbursements,
separation pay, fringe benefits, stock, stock options, or any other ownership interests
in the Company; (3) all claims for breach of contract, wrongful termination, and breach
of the implied covenant of good faith and fair dealing; (4) all tort claims, including
claims for fraud, defamation, emotional distress, and discharge in violation of public
policy; and (5) all federal, state, and local statutory claims, including but not
limited to claims for discrimination, harassment, retaliation, attorneys’ fees, or
other claims arising under the federal Civil Rights Act of 1964 (as amended), the
federal Americans with Disabilities Act of 1990, the federal Age Discrimination in
Employment Act of 1967 (as amended) (“ADEA”), and the California Fair Employment and
Housing Act (as amended).
	 
	 	12.	 	ADEA WAIVER. You acknowledge that you are knowingly and voluntarily waiving
and releasing any rights you may have under the ADEA. You also acknowledge that the
consideration given for the waiver and release in the preceding paragraph hereof is in
addition to anything of value to which you are already entitled. You further
acknowledge that you have been hereby advised, as required by the ADEA, that your
waiver and release do not apply to any rights or claims that may arise after the
execution date of this Agreement.
	 
	 	13.	 	SECTION 1542 WAIVER. In giving the releases set forth in this Agreement, which
includes claims which may be unknown to you at present, you acknowledge that you have
read and understand Section 1542 of the California Civil Code which reads 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 materially affected his settlement with the debtor.” You hereby
expressly waive and relinquish all rights and benefits under that Section

 

 

	 	 	 	and any law of any jurisdiction of similar effect with respect to your release of any
unknown or unsuspected claims.
	 
	 	14.	 	MISCELLANEOUS. This Agreement, including Exhibit A, constitutes the complete,
final and exclusive embodiment of the entire agreement between you and the Company with
regard to this subject matter. It is entered into without reliance on any promise or
representation, written or oral, other than those expressly contained herein, and it
supersedes any other such promises, warranties or representations. This Agreement may
not be modified or amended except in writing signed by both you and a duly authorized
officer of the Company. This Agreement shall bind the heirs, personal representatives,
successors and assigns of both you and the Company, and inure to the benefit of both
you and the Company, their heirs, successors and assigns. If any provision of this
Agreement is determined to be invalid or unenforceable, in whole or in part, this
determination will not affect any other provision of this Agreement and the provision
in question shall be modified by the court so as to be rendered enforceable. This
Agreement shall be deemed to have been entered into and shall be construed and enforced
in accordance with the laws of the State of California as applied to contracts made and
to be performed entirely within California.

If this Agreement is acceptable to you, please sign below and return it to me.

I wish you the best in your future endeavors.

	 	 	 	 	 
	 	Sincerely,

VITRIA TECHNOLOGY

 	 
	 	By:  	/s/ Allen Chin
 	 
	 	 	Allen Chin 	 
	 	 	VP, Human Resources

09/09/2005 	 
	 

Accepted and Agreed:

	 	 	 
	/s/ Gregory Anderson
 

Gregory Anderson

	 	 

	 	 	 
	     9/5/05
 

Dateexv10w1

 

					
	
	 	Notice of Grant
	 	 
	 	 	 	 	 

It is my pleasure to inform you that effective September 14, 2005, you have been granted
<Number of Units> restricted stock units (RSUs), under the Biogen Idec Inc. 2005 Omnibus
Equity Plan (the Plan). The RSUs will convert into shares of Biogen Idec stock, subject
to attainment of the performance goals detailed in Exhibit 2 (which is incorporated into and made a
part of this Notice of Grant) and your continued employment. If the performance goals are attained
and you are still in active employment on the date of “vesting” in accordance with the requirements
of the Plan and this Notice, a portion of this grant will convert (“vest”) on September 14, 2006
and a second portion on March 14, 2007. Shares will be delivered to you upon vesting, subject to
payment of applicable withholding taxes, as explained in the Plan.

The terms and conditions that govern your RSU grant are contained in this Notice and in the Plan,
which is incorporated into and made a part of the Notice, except that the provisions of the Plan
that provide for accelerated vesting upon “Retirement” (as defined in the Plan) are excluded from
this RSU grant. The Plan is described in a related prospectus. Copies of the Prospectus and the
Plan are available internally on the iNet.

If you do not have access to the iNet or would prefer to have copies mailed to you, please call the
HR Help Desk.

This Notice, which includes the Plan, constitutes the entire agreement between Biogen Idec and you,
and supersedes all prior and contemporaneous agreements between us with regard to this grant.

This Notice shall be governed by and construed in accordance with the laws of the State of
Delaware.

Your grant is based on your position, your prior performance, and your expected contribution to the
future value of Biogen Idec. It serves to further align your interest with those of our
shareholders.

Sincerely,

Richard W. Fisher

Vice President, Human Resources

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