Document:

Offer Letter Agreement with T. Patrick Kelly

 Exhibit 10.37 
 June 19, 2006 
 Dear Pat: 
 I am pleased to extend to you an offer to join Vignette Corporation (“Vignette” or
“the Company”) as our Chief Financial Officer, starting on July 17, 2006. In this capacity, you will perform the duties, undertake the responsibilities and exercise the authority as customary for persons situated in a similar
executive capacity. You will report directly to me, and you will promote the business of the Company on a full time basis. 
 Your
compensation will include the following: 
  

	 	•	 	A bi-weekly salary of $9,615.39 (which when calculated on an annual basis equals $250,000.00); 

  

	 	•	 	Eligibility for bonus in the Executive Performance Bonus Plan (“Bonus Plan”) targeted at $125,000 annually. This bonus is paid out semi-annually based on the 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; 

  

	 	•	 	Eligibility for you and your family to participate in all of the benefits provided to Vignette’s employees and executives; 

  

	 	•	 	You will be entitled to four (4) weeks of annual vacation per year under the Company’s vacation policy; 

  

	 	•	 	You shall be entitled to indemnification by the Company in accordance with the Company’s by-laws and implementing Board resolutions in effect on the date of this letter
agreement, or if more favorable to you, the provisions of such by-laws 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 replaced by an insurance policy not
materially less favorable to you) by the Company during your employment with the Company, and for at least twelve (12) months after your employment terminates (to the extent your employment is not terminated by the Company for Cause); and

  

	 	•	 	Reimbursement of up to $1500 in legal fees actually incurred in reviewing the terms of this offer of employment. 

			
	Patrick Kelly	  	 Page
 2

 Subject to you joining Vignette Corporation, you will receive 100,000 stock options through the
Vignette Corporation Stock Option Plan with a four year vesting schedule, with twenty five percent of the shares vesting on the first anniversary date of the grant, and an additional 6.25% of this grant vesting quarterly thereafter. In addition,
25,000 shares of restricted stock through the Vignette Corporation Stock Option Plan will be granted which will vest as follows: 5,000 shares will vest on the first anniversary of the grant date, 5,000 shares will vest on the second anniversary of
the grant date and the remaining 15,000 shares will vest on the third anniversary of the grant date. The grant date shall be no later than July 28, 2006. Your grants will be subject to the terms of a separate Stock Option Agreement and offer
which will be provided to you after approval by the Compensation Committee of Vignette’s Board of Directors. 
 Should your employment
with Vignette be terminated without “Cause” or for “Good Reason,” you will receive severance payments in the equivalent of twelve months of salary, with payment contingent upon execution of a Separation Agreement approved by
Vignette, which will include appropriate releases, and restrictive covenants of not more than twelve (12) months. Your severance payments shall not be reduced whether or not you obtain subsequent employment. In the event that you are terminated
without “Cause” or for “Good Reason”, during the first 12 months of your employment with the Company, you will receive a guaranteed payment of 50% of your target Executive Performance Bonus in addition to the 12 months of salary
outlined above, subject to the same requirement for an appropriate Separation Agreement. 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. 
 “Cause” for purposes of this Agreement shall be defined as your termination as a direct result of any of the following
events which remains uncured after 15 days from the date of 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; (b) material
and repeated failure to perform duties assigned by the CEO or the Board of Directors, 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 Agreement shall be defined as your resignation as a direct result of any of the following events: (i) a decrease in your Base Salary as set forth in this agreement of more than ten percent (10%); (ii) a substantial
reduction in your job duties, position or title; (iii) any material breach by the Company of any provision of this Agreement, which breach is not cured within fifteen (15) 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) any relocation of the Company’s headquarters office more than twenty-five (25) miles from its site as of the date of this letter. 
 Change of Control for purposes of this Letter Agreement shall be defined as (x) 

			
	Patrick Kelly	  	Page 3

 the acquisition of fifty percent (50%) or more of the beneficial ownership interests, or fifty percent
(50%) or more of the voting power, of the Company, either directly or indirectly, in one or a series of related transactions, by merger, purchase or otherwise, by any person or group of persons acting in concert (including, without limitation,
any one or more individuals, corporations, partnerships, trusts, limited liability companies or other entities); (y) the disposition or transfer, whether by sale, merger, consolidation, reorganization, recapitalization, redemption, liquidation
or any other transaction, of fifty percent (50%) or more by value of the assets of the Company in one or a series of related or unrelated transactions over time. 
 This offer of employment is contingent upon your execution of this Letter, 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”, and neither this letter nor the Stock Option Plan create an employment contract with you. 
 I am looking forward to having you as a member of the Vignette team. 
  

	
	 Sincerely,

	
	/s/ Michael A. Aviles
	 Michael A. Aviles
 President and
 Chief Executive Officer
 Vignette Corporation

  

					
	EMPLOYEE ACCEPTANCE	 		 	
	
	The signing of this letter acknowledges the acceptance of the offer contained herein:
			
	/s/ T. Patrick Kelly	 		 	6/19/2006
	Employee Signature	 		 	Date
			
	/s/ T. Patrick Kelly	 		 	 
	Print NameT. Patrick Kelly Stock Option Agreement

 Exhibit 10.38 
 VIGNETTE CORPORATION 
 1999 EQUITY
INCENTIVE PLAN 
 NOTICE OF STOCK OPTION
GRANT 
 You have been granted the following option to purchase shares of the Common Stock of Vignette Corporation (the
“Corporation”): 
  

			
	Name of Optionee:	  	T. Patrick Kelly
		
	Total Number of Shares:	  	100,000
		
	Type of Option:	  	Nonstatutory Stock Option
		
	Exercise Price Per Share:	  	$12.49
		
	Date of Grant:	  	August 1, 2006
		
	Vesting Commencement Date:	  	August 1, 2006
		
	Vesting Schedule:	  	This option becomes exercisable with respect to the first 25% of the Shares subject to this option when you complete twelve (12) months of continuous “Service” (as defined in the Stock
Option Agreement) from the Vesting Commencement Date. Thereafter, this option becomes exercisable with respect to an additional 6.25% of the Shares subject to this option when you complete each quarter of continuous Service.
		
	Expiration Date:	  	8 years from Grant Date; however, this option will expire earlier if your Service terminates earlier, as described in the Stock Option Agreement.

 You and the Corporation agree that this option is granted under and governed by the terms and conditions of the
1999 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement; the Stock Option Agreement is attached to and made a part of this document. 
 You further agree that the Corporation may deliver by email all documents relating to the Plan or this option (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the
Corporation is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also agree that the Corporation may deliver these documents by posting them on a web site maintained by the
Corporation or by a third party under contract with the Corporation. If the Corporation posts these documents on a web site, it will notify you by email. 
  

									
	OPTIONEE:	 		 	VIGNETTE CORPORATION
				
	/s/ T. Patrick Kelly	 		 	By:	 	 /s/ Bryce Johnson

		 		 		 	 Title:
	 	 Senior Vice President & General Counsel

 VIGNETTE CORPORATION 
 1999 EQUITY INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
  

			
	Tax Treatment	  	This option is intended to be an incentive stock option under section 422 of the Internal Revenue Code or a nonstatutory stock option, as provided in the Notice of Stock Option
Grant.
		
	Vesting	  	 This option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. In addition, this option becomes exercisable in full
if either of the following events occurs:
  
 •       Your Service (as defined below) terminates because of death, or
  
 •       The Corporation is subject to a “Change in Control” (as defined in the
Plan) before your Service terminates, and you are subject to an “Involuntary Termination” (as defined in the Plan) within 18 months after the Change in Control.
  
 This option will in no event become exercisable for additional shares after your service as an
employee, consultant or outside director of the Corporation or a parent or subsidiary of the Corporation (“Service”) has terminated for any reason. It is intended that the exercise schedule for this option is commensurate with a full-time
work schedule. For possible adjustments that may be made by the Corporation, see the Section below entitled “Leaves of Absence and Part-Time Work.”

		
	Term	  	This option expires in any event at the close of business at Corporation headquarters on the day before the eighth (8th) anniversary of the Date of Grant, as shown in the Notice of Stock Option Grant. (It will expire earlier if your Service terminates, as described
below.)
		
	Regular Termination	  	If your Service terminates for any reason except death, Misconduct or Permanent Disability, then this option will expire at the close of business at Corporation headquarters on the date three
(3) months after your termination date. The Corporation determines when your Service terminates for this purpose.
		
	Death	  	If you die while this option is outstanding, then this option will expire at the close of business at Corporation headquarters on the date 12 months after the date of death.

  

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	Disability	  	 If your Service terminates because of your Permanent Disability, then this option will expire at the close of business at Corporation headquarters on
the date 12 months after your termination date.
  
 For all purposes under this Agreement,
“Permanent Disability” means that you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be
expected to last, for a continuous period of not less than one year.

		
	Leaves of Absence and Part-Time Work	  	 For purposes of this option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of
absence, if the leave was approved by the Corporation in writing. Your Service terminates when the approved leave ends, unless you immediately return to active work.
  
 If you go on a leave of absence that lasts or is expected to last seven days or longer, then any unvested shares subject to this option shall not become exercisable and
Vesting will be suspended during the leave to the extent provided for in the Corporation’s leave policy. Upon your return to active work, vesting will resume; however, unless otherwise provided in the Corporation’s leave policy, you will
not receive credit for any vesting during the period of your leave.
  
 If you and the
Corporation agree to a reduction in your scheduled work hours, then the Corporation reserves the right to modify the rate at which this option becomes exercisable or vests, so that the rate of vesting is commensurate with your reduced work schedule.
Any such adjustment shall be consistent with the Corporation’s policies for part-time or reduced work schedules or shall be pursuant to the terms of an agreement between you and the Corporation pertaining to your reduced work
schedule.
  
 The Corporation shall not be required to adjust the exercise or vesting
schedule of any option pursuant to this subsection.

		
	Misconduct	  	If your Service terminates for Misconduct, then this option will terminate immediately and cease to be outstanding. “Misconduct” includes fraud, embezzlement, dishonesty or any
unauthorized use or disclosure of confidential information or trade secrets of the Corporation or any parent or subsidiary or any other intentional misconduct adversely affecting the business or affairs of the Corporation or a parent or subsidiary
of the Corporation.

  

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	Restrictions on Exercise	  	The Corporation will not permit you to exercise this option if the issuance of shares at that time would violate any law, regulation or corporate policy.
		
	Notice of Exercise	  	 When you wish to exercise this option, you must notify the Corporation by filing the proper “Notice of Exercise” form at the address given
on the form. Your notice must specify how many shares you wish to purchase. Your notice must also specify how your shares should be registered. The notice will be effective when the Corporation receives it.
  
 If someone else wants to exercise this option after your death, that person must prove to the
Corporation’s satisfaction that he or she is entitled to do so. Furthermore, in no event shall the Corporation’s request for satisfactory documentation extend the Option’s expiration date beyond the time period specified in the above
section entitled “Death”.

		
	Form of Payment	  	 When you submit your notice of exercise, you must include payment of the option exercise price for the shares that you are purchasing. To the extent
permitted by applicable law, payment may be made in one (or a combination of two or more) of the following forms:
  
 •       Your personal check, a cashier’s check or a money order.
  
 •       Certificates
for shares of Corporation stock that you own, along with any forms needed to effect a transfer of those shares to the Corporation. The value of the shares, determined as of the effective date of the option exercise, will be applied to the option
exercise price. Instead of surrendering shares of Corporation stock, you may attest to the ownership of those shares on a form provided by the Corporation and have the same number of shares subtracted from the option shares issued to you. However,
you may not surrender, or attest to the ownership of, shares of Corporation stock in payment of the exercise price if your action would cause the Corporation to recognize compensation expense (or additional compensation expense) with respect to this
option for financial reporting purposes.
  
 •       Irrevocable directions to a securities broker approved by the Corporation to sell all or part of your option shares and to deliver to the Corporation from the sale proceeds an amount
sufficient to pay the option exercise price and any withholding taxes. (The balance of the sale proceeds, if any, will be delivered to you.) The directions must be given by signing a special “Notice of Exercise” form provided by the
Corporation. However, payment pursuant to this procedure shall not be permitted if such payment would violate applicable law or a policy of the Corporation.

  

 4 

			
		  	 •       Irrevocable directions to a securities broker or lender approved by the Corporation to pledge
option shares as security for a loan and to deliver to the Corporation from the loan proceeds an amount sufficient to pay the option exercise price and any withholding taxes. The directions must be given by signing a special “Notice of
Exercise” form provided by the Corporation. However, payment pursuant to this procedure shall not be permitted if such payment would violate applicable law or a policy of the Corporation.

		
	Withholding Taxes and Stock Withholding	  	You will not be allowed to exercise this option unless you make arrangements acceptable to the Corporation to pay any withholding taxes that may be due as a result of the option exercise. With
the Corporation’s consent, these arrangements may include withholding shares of Corporation stock that otherwise would be issued to you when you exercise this option. The value of these shares, determined as of the effective date of the option
exercise, will be applied to the withholding taxes.
		
	Restrictions on Resale	  	You agree not to sell any option shares at a time when applicable laws, regulations, Corporation trading policies (including the Corporation’s Insider Trading Policy, a copy of which can be
found on the Corporation’s intranet) or an agreement between the Corporation and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service
as the Corporation may specify.
		
	Transfer of Option	  	In general, only you may exercise this option prior to your death. You may not transfer or assign this option, except as provided below. For instance, you may not sell this option or use it as
security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or in a beneficiary designation.
		
		  	 Regardless of any marital property settlement agreement, the Corporation is not obligated to honor a notice of exercise from your former spouse, nor
is the Corporation obligated to recognize your former spouse’s interest in your option in any other way.
  
 If another person wants to exercise this option after it has been transferred to him or her, including a transfer upon your death, that person must prove to the Corporation’s satisfaction that he or she is
entitled to exercise this option. That person must also complete the proper “Notice of Exercise” form (as described above) and pay the exercise price (as described below).

  

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	Retention Rights	  	Your option or this Agreement does not give you the right to be retained by the Corporation or a subsidiary of the Corporation in any capacity. The Corporation and its subsidiaries reserve the
right to terminate your Service at any time, with or without cause.
		
	Stockholder Rights	  	You, or your estate or heirs, have no rights as a stockholder of the Corporation until you have exercised this option by giving the required notice to the Corporation and paying the exercise
price. No adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Corporation stock, the number of shares covered by this option and the exercise price per share may be adjusted pursuant to
the Plan.
		
	Applicable Law	  	This Agreement will be interpreted and enforced with respect to issues of contract law under the laws of the State of Texas and with respect to issues of corporation law under the laws of the
State of Delaware.
		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference. A copy of the Plan is available on the Corporation’s intranet or by request
to the Finance Department.
 This Agreement and the Plan constitute the entire understanding between you and the Corporation regarding this option. Any prior
agreements, commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written agreement between the parties.

 BY SIGNING THE COVER
SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE 
 TERMS AND CONDITIONS DESCRIBED ABOVE AND IN
THE PLAN. 
  

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