Document:

exv10w58

Exhibit 10.58

AMENDMENT NO. 1 TO SEPARATION AGREEMENT

     This Amendment No. 1 to Separation Agreement is made this 8 day of December 2008, by
and between Denis Martin (the “Employee”) and NaviSite, Inc. (the “Company”).

     Whereas, the Employee and the Company are parties to a Separation Agreement dated April 6,
2006 (the “Separation Agreement”); and

     Whereas, the Employee and the Company desire to amend the Separation Agreement as set forth
herein;

     Now, therefore, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows:

1. The Employee shall pay ten dollars ($10) to the Company in return for its agreement to the
changes to the Separation Agreement as set forth herein.

2. The
Separation. Agreement is hereby amended to add the following Section 3(d):

“(d) Payments to the Employee under Section 3 shall be bifurcated into two portions,
consisting of the portion, if any, that includes the maximum amount of the payments that does
not constitute “nonqualified deferred compensation” within the meaning of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), and
the portion, if any, that includes
the excess of the total payments that does constitute nonqualified deferred compensation.
Payments hereunder shall first be made from the portion that does not consist of
nonqualified deferred compensation until such portion is exhausted and then
shall be made from the portion that does constitute nonqualified deferred compensation.
Notwithstanding the foregoing, if the Employee is a “specified employee” as defined in Section
409A(a)(3)(B)(i) of the Code, the commencement of the delivery of the portion that constitutes
nonqualified deferred compensation will be delayed to the date that is 6 months and one day
after the Employee’s termination of employment (the “Earliest Payment Date”). Any payments
that are delayed pursuant to the preceding sentence shall be paid pro rata during the period
beginning on the Earliest Payment Date and ending on the date that is 6 months following the
Earliest Payment Date. The determination of whether, and the extent to which, any of the
payments to be made to the Employee hereunder are nonqualified deferred compensation shall be
made after the application of all applicable exclusions under
Treasury Reg. § 1.409A-1(b)(9).
Any payments that are intended to qualify for the exclusion for separation pay due to
involuntary separation from service set forth in Treasury Regulation Section
1.409A-1(b)(9)(iii) must be paid no later than the last day of the second taxable year of the
Employee following the taxable year of the Employee in which the Employee’s termination of
employment occurs.

3. Section
1(e) of the Separation Agreement is hereby amended to add the following Section
1(e)(vii):

“(vii) In order to establish “Good Reason” for a termination, the Employee must provide notice
to the Company of the existence of the condition giving rise to the “Good Reason” within 90
days following the initial existence of the condition, and the Company has 30 days following
receipt of such notice to remedy such condition.”

4. Section 1(a) of the Separation Agreement is hereby amended and restated in its entirety to
read as follows:

“(d)
“Change of Control” shall mean the first to occur of any of the following:

     (A) the acquisition by an individual, entity or group
(within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) (a “Person”)
of beneficial ownership of any capital stock of the Company if, after such acquisition, such
Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
50% or more of either (x) the then-outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (y) the combined voting power of the then-outstanding
securities of the Company entitled to vote generally in the election of directors (the
“Outstanding Company Voting

 

 

Securities”); provided, however, that for purposes of this subsection (A), any
acquisition directly from the Company shall not constitute a Change in Control; or

     (B) such time as the Continuing Directors (as defined below)
 do not constitute a
majority of the
Board (or, if applicable, the Board of Directors of a successor corporation to the
Company), where
the term “Continuing Director” means at any date a member of the Board (x) who was
a member of
the Board on the date of the initial adoption of this Plan by the Board or (y) who
was nominated or
elected subsequent to such date by at least a majority of the directors who were
Continuing Directors
at the time of such nomination or election or whose election to the Board was
recommended or
endorsed by at least a majority of the directors who were Continuing Directors at
the time of such
nomination or election; provided, however, that there shall be excluded from this
clause (y) any
individual whose initial assumption of office occurred as a result of an actual or
threatened election
contest with respect to the election or removal of directors or other actual or
threatened solicitation of
proxies or consents, by or on behalf of a person other than the Board; or

     (C) the consummation of a merger, consolidation, reorganization, recapitalization
or share
exchange involving the Company or a sale or other disposition of all or
substantially all of the assets
of the Company (a “Business Combination”), unless, immediately following such
Business
Combination, each of the following two conditions is satisfied: (x) all or
substantially all of the
individuals and entities who were the beneficial owners of the Outstanding Company
Common Stock
and Outstanding Company Voting Securities immediately prior to such Business
Combination
beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common
stock and the combined voting power of the then-outstanding securities entitled to
vote generally in
the election of directors, respectively, of the resulting or acquiring corporation
in such Business
Combination (which shall include, without limitation, a corporation which as a result of such
transaction owns the Company or substantially all of the Company’s assets either
directly or through one or more subsidiaries) (such resulting or acquiring corporation
is referred to herein as the “Acquiring Corporation”) in substantially the same
proportions as their ownership of the Outstanding Company Common Stock and Outstanding
Company Voting Securities, respectively, immediately prior to such Business Combination
and (y) no Person (excluding any employee benefit plan (or related trust) maintained or
sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or
indirectly’, 40% or more of the then-outstanding shares of common stock of the Acquiring
Corporation, or of the combined voting power of the then-outstanding securities of such
corporation entitled to vote generally in the election of directors (except to the
extent that such ownership existed prior to the Business Combination); or

     (D) the liquidation or dissolution of the Company.”

     Notwithstanding anything to the contrary, the following acquisitions shall not
constitute a Change in Control event: (A) any acquisition directly from the Company
(excluding an acquisition pursuant to the exercise, conversion or exchange of any
security exercisable for, convertible into or exchangeable for common stock or voting
securities of the Company, unless the Person exercising, converting or exchanging such
security acquired such security directly from the Company or an underwriter or agent of
the Company), (B) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the Company, (C)
any acquisition by any corporation pursuant to a Business Combination (as defined below)
which complies with clauses (x) and (y) of subsection (iii) of this definition or (D)
any acquisition by ClearBlue Technologies, Inc. or its affiliates, including Atlantic
Investors, LLC, or Waythere, Inc. (each such party is referred to herein as “ClearBlue”)
of any shares of common stock.

4. Section 7 of the Separation Agreement is hereby amended to add the following Section 7(g):

“(g) Section 409A. This Agreement is intended to comply with the provisions of
Section 409A and the Agreement shall, to the extent practicable, be construed in
accordance therewith. Terms defined in the Agreement shall have the meanings given
such, terms under Section 409A if and to the extent required, in order to comply with
Section 409A. No payments to be made under this Agreement may be accelerated or
deferred except as specifically permitted under Section 409A. In the event that the
Agreement shall be deemed not to comply with Section 409A, then neither the Company,
the Board

 

 

     IN WITNESS HEREOF, the parties hereto have executed this Amendment No. 1 to Separation
Agreement as of the day and year first set forth above.

	 	 	 	 	 
	 	NAVISITE, INC.

 	 
	 	By:  	/s/ James W. Pluntze
 	 
	 	 	Name:  	James W. Pluntze  	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	 	 	 	 
	 	EMPLOYEE 

 	 
	 	/s/
Denis J. Martin
 	 
	 	Name:   Denis Martinexv10w59

Exhibit 10.59

Personal & Confidential

September 15, 2004

Sumeet Sabharwal

2 St. Paul Street, Unit 8

Brookline, MA 02446

Re: Offer of Employment

Dear
Sumeet:

NaviSite, Inc (“NaviSite” or the “Company”) is pleased to offer you the opportunity to join
NaviSite. You are being offered an exempt position as Vice President — Global Delivery reporting to
the Chief Executive Officer. If you decide to join us, your base pay will be $160 000, less
applicable withholdings. You will be paid by weekly. You will be located in the Andover,
Massachusetts office. NaviSite may change your position, compensation, duties and work location from
time to time, as it deems appropriate. This offer will be contingent upon a satisfactory background
investigation and favorable references.

Initial Duties:

You will
be responsible for formulating and implementing a plan to transition the organization to
provide offshore capabilities to deliver each of its service
offerings. In particular, you will be
responsible for, among other things, managing the offshore business unit, establishing and
managing the necessary infrastructure and relationships to build the offshore business unit,
coordinating with sales and marketing the necessary activities to market and sell the offshore
services, and developing the necessary processes, policies and infrastructure to perform to the
specific quality satisfaction standards required by the
Company’s customers. You will be expected
to work closely with the current service delivery executives to integrate these new offshore
resources with the existing service delivery organization. You agree to perform any other
reasonable duties that may be assigned to you from time to time by
the Chief Executive Officer.

Stock Options Plan:

Subject to the Board’s approval (or the person or persons with delegated authority to grant
options), you will be granted an option to purchase 40,000 shares of NaviSite’s common stock in
accordance with NaviSite’s Amended and Restated Stock Incentive Plan, as amended, with the
purchase price for such shares being set at the market price on the date of issuance by the Board
or its designee(s). The vesting schedule will be set forth in the
stock option agreement. The option
will be governed by and subject to the terms, conditions and termination provisions of the
NaviSite’s standard form of stock option agreement (which you will be required to sign in
connection with the issuance of your option).

Bonus Plans:

You will be eligible for one or more performance bonuses to be paid as follows, based on whether
you achieve the objectives that are set by the Chief Executive
Officer in the relevant bonus plan.
The first bonus plan shall be instituted no later than forty-five (45) days after you commence
employment with the Company and such objectives shall be mutually agreed upon by you and the Chief
Executive Officer. Upon achievement of the objectives in the first bonus plan no later than six (6)
months after you commence your employment with the Company, as determined by the Chief Executive
Officer in his sole discretion, you shall be paid a cash bonus of up
to $48,000. The second bonus
plan shall be instituted no later than ninety (90) days after you commence employment with the
Company and such objectives shall be mutually agreed upon by you and
the Chief Executive Officer.
Upon achievement of the objectives in the second bonus plan, as determined by the Chief Executive
Officer in his sole discretion, at the end of your first year of employment with the Company you
shall be granted an additional option to purchase up to 40,000 shares of NaviSite’s common stock
in accordance with NaviSite’s Amended and Restated Stock
Incentive Plan, as amended.

Benefits:

As an employee, you will also be eligible to receive certain employee benefits including medical,
dental, 401 (k) Plan, employee assistance program, life insurance and accidental death and
dismemberment on your date of hire, pursuant to the terms of the
applicable plans. The Company
reserves the right to revise or discontinue any or all of its benefit plans, at any time, in the
Company’s sole discretion.

 

 

Introductory Period:

The first
90 calendar days of your employment is considered a “getting acquainted” or
“introductory” period. The purpose of this period is to allow your manager and you to assess
whether further employment is desirable. Introductory periods may be
extended by NaviSite.

Paid Time Off:

In order
to allow employees the greatest possible control of their time, NaviSite has a combined
program of paid
time off as detailed in your new hire packet. Each new employee begins to accrue paid time off
immediately.

2004 Holidays:

2004
holiday schedule and policy is included in your new hire package.

I-9:

For purposes of federal immigration law, you will be required to provide to NaviSite documentary
evidence of your identity and eligibility for employment in the
United States. Such documentation
must be provided to us within three (3) business days of your
first date of hire with NaviSite, or
our employment relationship with you may be terminated.

Arbitration:

In the event of any dispute or claim relating to or arising out of our employment relationship
with NaviSite, this agreement, or the termination of our employment relationship (including, but
not limited to, any claims of breach of contract, wrongful termination or age, sex, disability,
race or other discrimination or harassment), you and NaviSite agree that all such disputes shall
be fully, finally and exclusively resolved by binding arbitration conducted by the American
Arbitration Association in Boston, Massachusetts or the state in which you work, in accordance
with the National Rules for the Resolution of Employment Disputes of the American Arbitration
Association, and you and NaviSite waive our rights to have such
disputes tried by a court or jury.
However, you and NaviSite agree that this arbitration provision shall not apply to any disputes or
claims relating to or arising out of (1) the misuse or misappropriation of your or the Company’s
trade secrets or proprietary information set forth in the Company’s Proprietary Information and
Inventions Agreement, or (2) your violation of any obligations contained in the Company’s
Non-Competition Agreement.

Company Rules/Proprietary Information/Non-Competition:

In consideration of your employment with NaviSite, and as a condition thereof, you will be
required to abide by the Company’s rules and regulations, including acknowledging in writing that
you have read the Company’s Employee Handbook, and signing and
complying with the following: (1)
the Company’s Code of Business Conduct and Ethics, which sets forth certain legal and standards of
conduct; (2) the Company’s Proprietary Information and Inventions Agreement, which prohibits
unauthorized use or disclosure of NaviSite proprietary information; and (3) the Company’s
Non-Competition Agreement, which governs certain conduct during and after the end of your
employment with the Company.

Third
Party Confidential Information:

In your work for the Company, you will be expected not to use or disclose any confidential
information, including trade secrets, of any former employer. You agree that you will not bring
onto Company premises any unpublished documents or property belonging
to any former employer. You
also acknowledge that you are not prohibited from or limited in your performance of any job duties
for the Company by any restrictive covenants not to compete, confidentiality agreements or any
other contractual obligations.

At Will:

If you choose to accept this offer, your employment with NaviSite will be voluntarily entered into
and will be for no specified period. As a result, you will be free to resign at any time, with or
without cause, as you deem appropriate simply by notifying the
Company. NaviSite will have a
similar right and may conclude its employment relationship with you at any time, with or without
cause, and without advance notice.

Acceptance of Offer:

To indicate your acceptance of this employment agreement, please sign, date in the space provided
below and return it to Jessica Nazarian no later than
September 17, 2004. A duplicate original is
enclosed for your records. This letter, along with any agreements relating to proprietary rights
and non-competition between you and the Company, set forth the terms of your employment with the
Company.

This letter along with any agreements may not be modified or amended except by a written agreement
signed by an authorized officer of the Company. This letter sets forth the terms of your
employment with NaviSite and

 

 

supersedes
any prior representations or agreements, whether written or oral. If we do not hear from
you by September 17, 2004 we will assume you have decided not to
join NaviSite. NaviSite reserves
the right to withdraw this offer at anytime prior to receipt of your
signed acceptance of the offer.

If you do accept employment with NaviSite it is very important that you submit your new hire
documentation within (3) days of your start date in the enclosed
envelope. NaviSite will need the
following:

	 	1.	 	New Hire Check List complete with the documents listed below
	 
	 	2.	 	Offer letter signed by you
	 
	 	3.	 	W-4 form
	 
	 	4.	 	State withholdings (if Applicable)
	 
	 	5.	 	I-9 form
	 
	 	6.	 	Employment Application
	 
	 	7.	 	Anti Harassment Policy Acknowledgement
	 
	 	8.	 	Equal Employment Opportunity Form
	 
	 	9.	 	Direct Deposit (All employees must complete even if you do
not want direct deposit, check NO).
	 
	 	10.	 	Employee Invention & Proprietary Rights
	 
	 	11.	 	Signed Code of Business Conduct & Ethics
	 
	 	12.	 	Emergency Contact Information
	 
	 	13.	 	Handbook Receipt
	 
	 	14.	 	Non — Competition Agreement
	 
	 	15.	 	Payroll Deduction Form
	 
	 	16.	 	Blue Cross/Blue Shield PPO
	 
	 	17.	 	Guardian (Dental) Enrollment Form
	 
	 	18.	 	FSA Enrollment Form
	 
	 	19.	 	Standard Insurance Group Life
	 
	 	20.	 	Group Additional Life (Optional)
	 
	 	21.	 	401K Beneficiary Form

If you have any questions regarding your new hire paperwork contact Gerry Massicotte at (978)
946-7753.

By signing below and thus accepting the Company’s offer, you represent and acknowledge that you
are aware of the Company’s business affairs and financial condition and have acquired sufficient
information about the Company to reach an informed and knowledgeable decision regarding whether or
not to join the Company and that the Company makes no representations regarding the future success
of the Company.

We look forward to your positive response and welcoming you to the
NaviSite Team.

	 	 	 
	Sincerely,
	 	 
	 
	 	 
	/s/ Arthur Becker
 

Arthur Becker

	 	  

I accept
the terms of this letter and agree to keep the terms of this letter confidential.

	 	 	 	 	 	 	 
	/s/ Sumeet Sabharwal

	 	9/17/04
	 	9/17/04
	 	 
	 

Signature of Sumeet Sabharwal

	 	Date
	 	Start Date

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