Document:

Offer letter for Michael A. Aviles

 Exhibit 10.28 
 February 10, 2006 
 Mr. Michael A. Aviles 

			
	6604 Canon Wren Drive	  	

			
	Austin, TX 78746	  	

 Dear Mike: 
 Pursuant
to this letter agreement, I am pleased to extend to you an offer to join Vignette Corporation starting February 13, 2006. We are eager to have you as part of our team and believe you bring the skills and attitude that will become a critical
part of Vignette’s success. 
 Your position will be President and Chief Executive Officer reporting to the Company’s Board of Directors. You will
become a member of the Board of Directors and be based in Austin, Texas. While employed with the Company in this capacity, you shall perform the duties, undertake the responsibilities and exercise the authority from time to time delegated to you by
the Board as a whole or as are customarily performed, undertaken or exercised by persons situated in a similar executive capacity. You shall also promote the business of the Company on a full time basis. You may, however, (1) serve on
corporate, civil or charitable boards or committees, (2) manage personal investments and (3) engage in any charitable, political or not-for-profit activity, so long as such activities do not significantly interfere with the performance of
your responsibilities to the Company. 
 Your compensation will include the following: 
  

	 	•	 	A bi-weekly salary of 13,846.15 (which when calculated on an annual basis equals $360,000.00). 

  

	 	•	 	Subject to you joining Vignette Corporation, you will receive 300,000 stock options through the Vignette Corporation Stock Option Plan. Your grant will be subject to a separate
Option Agreement in the form attached as Exhibit A. The grant will be effective as of the date the consent is approved by the Compensation Committee of Vignette’s Board, which will be no later than Monday, February 20, 2006. 25% of this
grant will vest on the first anniversary of your date of hire (February 13, 2009) and an additional 6.25% of this grant will vest quarterly thereafter. Any future awards of stock options to you shall be subject to a Stock Option Agreement on terms
no less favorable than those in Exhibit A, except that such awards may or may not include provisions for acceleration of the option awards in the event of your termination without “Cause” or for “Good Reason” and the Company
reserves the right to make other changes as required by law or corporate governance standards. 

  

	 	•	 	 Subject to you joining Vignette Corporation, you will receive 100,000 shares of restricted stock through the Vignette Corporation Stock Option Plan. Your grant will
be subject to a Restricted Stock Agreement in the form attached as Exhibit B. The grant will be effective as of the date the applicable consent is approved by the Compensation Committee of Vignette’s Board, which will be no later than Monday,
February 20, 2006. This grant will vest on the third anniversary of your date of hire (February 13, 2009). Any 

	 	 
future awards of restricted shares to you shall be subject to a Restricted Stock Agreement on terms no less favorable than those in Exhibit B, except that
such awards may or may not include provisions for acceleration of the awards in the event of your termination without “Cause” or for “Good Reason” and the Company reserves the right to make other changes as required by law or
corporate governance standards. 

  

	 	•	 	In addition to the base salary, you will be eligible to participate in an Executive Performance Bonus Plan (the “Bonus Plan”) with an annual target bonus amount of not
less than 100% of your annual base salary (e.g. $360,000) and that will range up to a potential payout of no less than 150% of the target bonus amount (e.g. $540,000). This bonus is paid out semi-annually based on attainment of individual and
company performance goals set forth in the Bonus Plan. Payment of the bonus may not occur if the performance goals set forth in the Bonus Plan are not satisfied. For the year 2006, you will be guaranteed a minimum bonus of 50% of your target bonus
amount (or $180,000.00). 

  

	 	•	 	It is the intent of the Board of Directors to grant you additional option grants and/or restricted share awards based on performance. The Compensation Committee has established a
non-binding target for your equity holdings in the Company (prior to any exercise of any grants by you) to represent 2% or more of the outstanding shares over the next two or three years. 

  

	 	•	 	You shall be entitled to receive reimbursement of all out-of-pocket expenses, reasonably incurred by you in connection with the performance of your duties hereunder or for
promoting, pursuing or otherwise furthering the business or interest of the Company in accordance with the accounting procedures and expense reimbursement policies of the Company as it shall adopt from time to time. This is to include normal
dues and fees incurred in connection with your membership in Young President’s Organization. Cost of attendance at special events and seminars will be reimbursed if pre-approved by the Chairman of the Board of Directors.

  

	 	•	 	You shall be entitled to indemnification by the Company in accordance with the provisions of the Company’s bylaws and the implementing Board resolutions in effect on the date
of this letter agreement or, if more favorable to you, the provisions of such bylaws as in effect at the time indemnification is requested.

  

	 	•	 	The Company shall include you as an additional insured under its directors and officers’ liability insurance which shall be maintained (or a replacement policy not materially
less favorable to you) by the Company during your employment with the Company and for at least 12 months after your employment terminates (to the extent your employment is terminated by the Company without Cause or by you for Good Reason).

  

	 	•	 	Eligibility for you and your family to participate in all of the benefits provided to Vignette’s employees and executives, including, without limitation, medical, dental,
vision, 401(k), employee stock purchase, executive wellness, short term disability, accident and life insurance plans or programs. You will also be entitled to four weeks of annual vacation per year under the Company’s vacation policy.

 Should your employment be terminated by the Company without “Cause” or by you for “Good Reason,” you will receive
severance payments in the amount of twelve months base salary, plus 

 
the amount of the Executive Performance bonus you were paid for the 12 months prior to your termination date. For the first twelve months of your employment,
you will receive 100% of your target Executive Performance Bonus in the event of termination by the Company without “Cause” or by you for “Good Reason.” Payment of these severance payments is contingent upon execution of a
Separation Agreement in the form attached as Exhibit C. These severance payments will be made in substantially equal amounts paid out over twelve (12) months and pursuant to the Company’s normal payroll cycles. If required by
Section 409A of the Internal Revenue Code of 1986, as amended, and any applicable regulations issued there under (collectively the “Code”), your severance payments will either (1) not begin for at least six (6) months after
your termination of employment, at which date you will receive a lump sum payment equal to your six (6) months of delayed payments and thereafter you would receive the remaining monthly payments for the remaining six (6) months, or
(2) be paid out over the applicable twelve (12) months provided that the last payment will be made prior to March 15th of the calendar year following your termination 
 In the event of a termination by the Company without “Cause” or by you for “Good Reason”, you will also receive accelerated vesting on your stock option grant and your restricted stock award as set
forth below. 
  

	 	•	 	Your initial restricted stock award shall accelerate and vest as follows: if your termination occurs during the first twelve months following your date of hire, then you will vest
in none of your initial restricted stock award; if your termination occurs during months 13 through 24 following your date of hire, then you will vest in 25% of your initial restricted stock award; and if your termination occurs during the months 14
through 36 following your date of hire, and prior to the vesting date of your initial restricted stock award, then you will vest in 50% of such award. For example, if you had been with the Company for 13 months at the time of your termination, you
would vest in 25% of your initial restricted stock award in addition to any vesting which had already occurred pursuant to such award (in the case of your initial restricted share award, the amount of vesting which had already occurred would be
zero). 

  

	 	•	 	Your initial option grant shall accelerate and vest as though you completed one additional year of employment with the Company following the date of your termination; provided,
however, that no more than an additional 25% of the unvested options at the time of your termination shall vest by virtue of this provision. For example, if you had been with the Company for 13 months at the time of your termination, you would vest
in an additional 25% of your then unvested options in addition to any vesting of options which had already occurred pursuant to such grant (in the case of your initial option grant, you would have already vested in 25% of your initial option grant).

  

	 	•	 	Any acceleration of subsequent option grants or restricted stock awards as determined by the Compensation Committee of the Board of Directors at the time of the grant or award.

 “Cause” for purposes of this letter agreement shall be defined as any of the following events which remains uncured
after 30 days from the date written notice of such breach is provided to you or which cannot by its nature be cured: (a) material misconduct that results in material harm to the business of the Company (for purposes of this letter agreement,
“misconduct” means the commission of any act of 

	 	 
fraud, embezzlement or dishonesty by you, any unauthorized use or disclosure by you of confidential information or trade secrets of the Company (or any
Parent or Subsidiary), or any other intentional misconduct adversely affecting the business or affairs of the Company or any Parent or Subsidiary) in a material manner; (b) material and repeated failure to perform duties assigned by the Board,
which failure is not a result of a disability and results in material harm to the business of the Company; or (c) any material breach of the Company’s policies or of the Proprietary Inventions Agreement which results in material harm to
the business of the Company. “Good Reason” for purposes of this letter agreement shall be defined as any of the following events: (i) a reduction in your level of compensation (including base salary, benefits, and level of
participation in applicable bonus and incentive programs); (ii) a substantial change in your job duties, responsibilities, position or title; (iii) any material breach by the Company of any provision of this Agreement or any other written
agreements signed by an authorized representative of the Company, which breach is not cured within thirty (30) days following written notice of such breach from you; (iv) the occurrence of a Change of Control (as defined below) of the
Company; or (v) a relocation of such individual’s place of employment by more than twenty-five (25) miles. 

 Change of
Control for purposes of this Letter Agreement shall mean: 
 (a) The consummation of a merger or consolidation of the Company
with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger, consolidation or other reorganization
is owned by persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization; 
 (b) The sale, transfer or other disposition of all or substantially all of the Company’s assets; 
 (c) A change in the composition of the Board, as a result of which fewer than two-thirds of the incumbent directors are directors who either (i) had been directors of the Company on the date 24 months prior to
the date of the event that may constitute a Change in Control (the “original directors”) or (ii) were elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the aggregate of the original
directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved; or 
 (d) Any transaction as a result of which any person is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing at least 50%
of the total voting power represented by the Company’s then outstanding voting securities. For purposes of this Paragraph (d), the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange
Act but shall exclude (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Parent or Subsidiary and (ii) a corporation owned directly or indirectly by the stockholders of the Corporation
in substantially the same proportions as their ownership of the common stock of the Company. A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding
company that will 

 
be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. 
 In no event shall you be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to you under any provisions of this
letter agreement and such amounts shall not be reduced whether or not you obtain other employment. 
 This letter agreement shall be binding upon and shall
inure to the benefit of the Company, its successors and assigns. The term “Company” as used herein shall include such successors and assigns. Your rights under this letter agreement may not be assigned by you during your
lifetime. However, all your rights under this letter agreement shall inure to the benefit of and be enforceable by your personal or legal representatives, estates, executors, administrators, heirs and beneficiaries. 
 Nothing in this letter agreement shall prevent you from participating in any benefit, bonus, incentive, stock option, equity incentive plan or other plan or program
provided by the Company and for which you may qualify and be entitled to payment, nor shall anything in this letter agreement reduce such rights as you may have with the Company under any other agreements. Amounts which are vested benefits or
to which you are otherwise entitled to receive under any plan or program of the Company shall be payable in accordance with such plan or program and any related agreements, except as explicitly modified by this letter agreement. 
 The provisions of this letter agreement shall be deemed severable and the invalidity or unenforceability of any provisions shall not affect the validity or
enforceability of the other provisions. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this letter agreement to be performed by such other party shall be deemed a
waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
 You acknowledge that you have had the opportunity
to discuss this matter with and obtain advice from your private attorney, have had sufficient time to, and have carefully read and fully understand all the provisions of this letter agreement, and are knowingly and voluntarily entering into this
letter agreement. 
 This offer of employment is contingent upon your execution of this letter agreement, Employment Application, PRSI Background Check, and
satisfaction of the requirements of an I-9 Employment Eligibility Verification Form. Please understand that employment remains “at will.” The Company reserves the right to terminate you at any time without notice and, in the event of such
a termination, the rights of the parties are governed by the provisions of this letter agreement and any other applicable agreements between the parties, including but not limited to, Stock Option Agreement (s) and Restricted Stock Agreement
(s). 
 I am looking forward to having you as a member of the Vignette team. 
  

	
	Sincerely,
	
	   
	Jan Lindelow
	Chairman of the Board of Directors

  

					
	 EMPLOYEE ACCEPTANCE
	 		 	

					
	The signing of this letter agreement acknowledges the acceptance of the offer contained herein:

  

			
	   

			
	 Employee Signature
	 	 Date

  

			
	   	 	 

			
	 Print NameSeparation Agreement with Michael A. Aviles

 EXHIBIT 10.29 
 CONFIDENTIAL 
 <<Date>> 
 «First_Name» «Last_Name» 
 «Address_Line1» «Address_Line2» 
 «Town_Or_City», «Region_2» «Postal_Code» 
 Dear «First_Name»: 
 This letter is to confirm the agreement between you and Vignette Corporation (the
“Company”) regarding your separation from the Company. Your full-time employment with the Company will end on <<Termination Date>> (the “Termination Date”). All of the provisions of this letter (“the Separation
Agreement”) are subject to, and conditioned upon, you signing and returning to us a copy of the Separation Agreement, and complying with its terms. 
 This Separation Agreement may not be changed or altered, except by a written document signed by you and the Company. This Separation Agreement is entered into in the State of Texas and the laws of the State of Texas
will apply to any dispute concerning it. If any clause of this Separation Agreement should ever be determined to be unenforceable, it is agreed that this will not affect the enforceability of any other clause or the remainder of this Separation
Agreement. Except as provided herein, this Separation Agreement constitutes the entire understanding between you and the Company and supersedes all other agreements or understandings, either verbal or written. 
  

	 	1.	Upon the effective date of this Separation Agreement, the Company will extend a severance payment to you representing wages in lieu of notice, in the amount of <<Severance
Amount>> weeks of base pay (add applicable bonus per Letter Agreement). This severance payment will be made to you on a bi-weekly basis (following Vignette’s current pay period schedule). If you are rehired at any time during the
severance payment period, your severance payments will cease as of the effective date of your rehire. 

  

	 	2.	With respect to your stock option grants, your vesting (Insert appropriate acceleration as per Letter Agreement). After the Termination Date, you will have three months in which to
exercise any options in which you are vested. 

  

	 	3.	Upon your Termination Date, but not contingent upon signing the Separation Agreement, the Company will pay you all current accrued but unused vacation time, less all applicable
withholdings. You will also receive reimbursement for any outstanding eligible business expenses incurred up to and including your Termination Date. 

  

	 	4.	 Under the provisions of the group medical, dental, and vision insurance plans, your employee benefits are in effect until the end of the month in which your
Termination Date occurs. However, if you elect to continue your health insurance coverage under COBRA following the end of the month in which your Termination Date occurs, then, in addition, the Company will pay the monthly premium under COBRA for
one month following the month of your termination (that is, 

  

					
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	  	Page 1	  	

	 	 
until <<end of the month following Termination Date>>). You will be eligible for seventeen (17) months of additional coverage pursuant to
COBRA at your own expense after that date. 

  

	 	5.	With respect to your Employee Stock Purchase Plan (if applicable), all amounts deducted from payroll for participation in the current purchase period (February 1, 2006 –
July 31, 2006) will be refunded to you upon your Termination Date. This payment is not contingent upon your signing this Separation Agreement. Upon your Termination Date of <<Termination Date>>, you will no longer be eligible to
participate in this plan. 

  

	 	6.	Except as provided herein, you agree that the only payments and benefits that you are entitled to receive from the Company in the future are those specified in this Separation
Agreement. 

  

	 	7.	In exchange for the Company providing you with the above-referenced severance and other good and valuable consideration set forth herein, you hereby waive all claims against the
Company, and release and discharge the Company from liability for any claims and damages that you may have against it as of the date of this Separation Agreement, whether known or unknown including, but not limited to, any claims arising out of your
employment relationship with the Company and any of the Company’s subsidiaries, or violations of any federal, state or local fair employment practices law, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil
Rights Act of 1991, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act and the Americans With Disabilities Act. You also agree not to initiate any civil actions to assert such claims (the “Released Claims”).
You understand that the consideration provided to you under the terms of this Separation Agreement does not constitute an admission by the Company that it has violated any such law or legal obligation. 

  

	 	8.	The parties also represent that they are not aware of any claim by either of them other than the claims that are released by this Separation Agreement. 

  

	 	9.	You agree that you will not disclose or cause to be disclosed in any way, any confidential information or documents relating to your employment with the Company, the operations of
the Company, the terms of this Agreement, the facts and circumstances underlying this Agreement or the fact that such Agreement exists, except for the purpose of enforcing this Agreement should that ever be necessary. 

  

	 	10.	You agree that prior to the date you execute this Agreement, you will return all Company property in your possession. You also understand and agree that all files, papers,
memoranda, letters, handbooks and manuals, facsimiles and other communications that were written, authorized, signed, received or transmitted during your employment, whether electronic or otherwise, are and remain the property of the Company and, as
such, are not to be removed from the Company’s offices. 

  

	 	11.	To the extent consistent with applicable law, you also agree not to initiate any administrative or other legal action asserting the Released Claims against the Company or against
any current or former officers, directors, or employees, to assert the Released Claims and, further, to the extent any such action has or may be brought by you or on your behalf by any third party, you agree to waive your right to any form of
recovery in such action, including monetary damages or any other form of relief, including attorneys’ fees and costs. 

  

	 	12.	At all times and in the future, you will remain bound by the Company’s Proprietary Information and Inventions Agreement signed by you upon your employment with Vignette.

  

					
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	 	13.	You agree that you will neither solicit for employment, or cause others to solicit for employment, any salaried employee of the Company who is presently or hereafter employed by the
Company, or any other employee of the Company who had access to confidential or proprietary information or trade secrets of the Company, during the twelve (12) month period following your Termination Date. 

  

	 	14.	For a period of 12 months from the Termination Date you agree not to provide services as an employee, agent, independent contractor, general partner, officer or director for any
entity whose business is directly competitive with the Company’s products or services, including but not limited to Interwoven, Broadvision, Plumtree, IBM, or EMC/Documentum. Provided however, you may engage with such a business if you receive
the prior, written approval of the Company’s General Counsel. Provided further, you shall not be prohibited from any activity to the extent the Company no longer engages in a business that is directly competitive with such activity.

  

	 	15.	You agree that except as expressly provided in this Separation Agreement, this Separation Agreement renders null and void any and all prior arrangements, either written or oral,
between you and the Company, with the exception of the Company’s Proprietary Information and Inventions Agreement referred to in paragraph 12 above and the terms of any benefit plan, Corporate Credit Card Account (including severance payment
deductions for monies owed Vignette for payment of Guaranty Card Accounts on the employee’s behalf, except where prohibited by State Law), Sales Compensation Policy, any equity incentive plan or stock plan, awards under any equity incentive
plan or stock plan, stock option agreement, restricted stock agreement or any other form of stock agreement. In addition, this Separation Agreement does not supercede or render null and void any ongoing obligations of the Company to you under the
February 10, 2006 letter agreement between you and the Company, including but not limited to, the obligation of the Company to make monthly severance payments and provide indemnification and include you as an additional insured under the
Company’s directors and officers’ liability insurance. 

 Please indicate your agreement with the above terms by signing below. As
noted above, your eligibility for the benefits offered under this Separation Agreement (except where otherwise stated) is subject to, and conditioned upon, your executing a copy of this Separation Agreement and returning it along with all Company
equipment (in good condition) to Vignette. You may wish to consult an attorney as part of your consideration of this Separation Agreement and the Separation Agreement shall be effective seven days after you sign it. 
  

	
	 Sincerely,

	
	   
	 Gayle Wiley

	 Sr. VP – Worldwide Human Resources

	 Vignette Corporation

  

					
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 My signature below signifies my agreement with the above terms. Furthermore, I acknowledge that I have read and
understand the foregoing Separation Agreement and that I sign this release of all claims voluntarily, with full appreciation that I am forever foreclosed from pursuing any of the rights I have waived. I acknowledge that I have been given forty-five
(45) days to review the document before signing. I also acknowledge that I can take an additional seven (7) days after signing it to revoke my agreement, by notifying the Company in writing within that seven (7) day period, addressed
to Sr. VP – Worldwide Human Resources’ attention. 
 I acknowledge that I have read and understand the foregoing Separation Agreement and that I
sign this release of all claims voluntarily, with full appreciation that I am forever foreclosed from pursuing any of the rights I have waived. I will return the signed Separation Agreement to Gayle Wiley (Sr. VP - Worldwide Human Resources) within
forty-five (45) days of receipt. 
  

					
			
	   	 		 	 __________________________

	 Signed (Employee Signature)
	 		 	                     Date

			
	   	 		 	 
	 Employee’s Name (printed)
	 		 	

 Please return signed agreement to the following address: 
 Gayle Wiley 
 Sr. VP – Worldwide Human Resources 
 Vignette Corporation 
 1301 S. MoPac Expy, Suite 100 
 Austin, Texas 78746 
  

					
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