Document:

Form Change of Control Agreement

 Exhibit 10.1 
 CHANGE OF CONTROL AGREEMENT 
 This CHANGE OF CONTROL AGREEMENT is entered into by and between The
TriZetto Group, Inc. (the “Company”) and                      (the “Executive”), as of this
         day of                     . For purposes of this Agreement, employment with the
Company shall include employment with any of the Company’s Affiliates. Capitalized terms not otherwise defined shall have the meanings set forth in Section 10 below. 
 Recitals 
 Whereas, the Compensation Committee (the
“Committee”) of the Company’s Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its stockholders to ensure that the Company will have the continued dedication of the
Executive, notwithstanding the possibility, threat or occurrence of a Change of Control of the Company. 
 Now, therefore, in consideration
of the mutual covenants contained herein, the parties hereby agree as follows: 
 Agreement 
  

	1)	Employment Period. 

  

	 	a)	Subject to the terms and conditions of this Agreement, the Company hereby agrees to provide the Executive with certain payments and benefits in the event the Executive’s
employment with the Company is terminated by the Company other than for Cause, Death or Disability or by the Executive for Good Reason during the period commencing on the Effective Date and ending on the
                     [first/second/third] anniversary of such Effective Date (the “Employment Period”). 

  

	 	b)	The Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the
Executive by the Company is “at will” and, subject to Section 10(i) hereof, prior to the Effective Date, the Executive’s employment and/or this Agreement may be terminated by either the Executive or the Company at any time prior
to the Effective Date, in which case the Executive shall have no further rights under this Agreement. 

  

	2)	Terms of Employment. 

  

	 	a)	Position and Duties. 

  

	 	i)	During the Employment Period, the Executive’s position, authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant
of those held, exercised and assigned at any time during the 120-day period immediately preceding the Effective Date. 

  

	 	ii)	 During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable
attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive’s reasonable best efforts to
perform faithfully and efficiently 

	 	 
such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or
charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions, and (C) manage personal investments, so long as such activities do not significantly interfere with the performance
of the Executive’s responsibilities as an employee of the Company in accordance with this Agreement. 

  

	 	b)	Compensation. 

  

	 	i)	Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”), which shall be paid at a monthly rate,
at least equal to twelve (12) times the highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its Affiliates in respect of the twelve-month period
immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed no more than twelve months after the last salary increase awarded to the Executive prior to the Effective Date
and thereafter at least annually. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as
so increased. 

  

	 	ii)	Other Benefits. During the Employment Period, the Executive shall be entitled to participate in all incentive, savings, retirement, welfare benefit, vacation and sick
leave plans, practices, policies and programs applicable generally to other peer executives of the Company and its Affiliates. 

  

	3)	Termination of Employment. 

  

	 	a)	Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment Period. If the Company determines in
good faith that the Disability of the Executive has occurred during the Employment Period, it may give the Executive written notice in accordance with Section 11(b) of this Agreement of its intention to terminate the Executive’s
employment. In such event, the Executive’s employment with the Company shall terminate effective on the thirtieth (30th) day after receipt of such notice by the Executive (the “Disability Effective Date”); provided that, within the thirty (30) days after such receipt, the Executive shall not have returned to full-time performance
of the Executive’s duties. 

  

	 	b)	Cause. The Company may terminate the Executive’s employment during the Employment Period for “Cause” based upon any of the following occurrences:

  

	 	i)	 The willful and continued failure of the Executive to perform substantially the Executive’s duties with the Company or its Affiliates (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board or the Chief Executive Officer of the Company which specifically identifies the
manner in which the Board or Chief 

  

 2 

	 	 
Executive Officer believes that the Executive has not substantially performed the Executive’s duties; or 

  

	 	ii)	The willful engaging by the Executive in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company. 

 For purposes of this subsection, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or
omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution
duly adopted by the Board or upon the instructions of the Chief Executive Officer or other senior officer of the Company or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the
Executive in good faith and in the best interests of the Company. The cessation of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted
by the affirmative vote of not less than three-quarters of the Board at a meeting of the Board called and held for such purpose (after reasonable notice is given to the Executive and the Executive is given an opportunity, together with counsel, to
be heard before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct described in subparagraph (i) or (ii) above, and specifying the particulars thereof in detail. 
  

	 	c)	Good Reason. The Executive may terminate the Executive’s employment during the Employment Period for Good Reason. 

  

	 	i)	“Good Reason” shall mean any of the following occurrences: 

  

	 	(1)	The assignment to the Executive of any duties inconsistent in any material respect with the Executive’s position, authority, duties or responsibilities as contemplated by
Section 2(a) of this Agreement, or any other action by the Company which results in material diminution in such position, authority, duties or responsibilities; 

  

	 	(2)	Any failure by the Company to comply with any of the provisions of Section 2(b) of this Agreement, other than an isolated insubstantial and inadvertent failure not occurring in
bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Executive; 

  

	 	(3)	Any purported termination by the Company of the Executive’s employment otherwise than as expressly permitted by this Agreement; 

  

	 	(4)	Any failure by the Company to comply with and satisfy Section 9(c) of this Agreement; or 

  

	 	(5)	The Executive is required to change his or her principal place of employment to a location that is more than thirty (30) miles from the Executive’s principal place of
employment as of the date of the Change of Control. 

  

 3 

	 	ii)	Any claim or controversy arising out of or relating to any determination of Good Reason made by the Executive shall be settled by arbitration in Orange County, California, in
accordance with the following: 

  

	 	(1)	Each party shall appoint its own arbitrator and the two arbitrators shall choose a third, impartial arbitrator as umpire before the date set for the hearing. If a party fails
to appoint its arbitrator within thirty (30) days after having either received or given the notice requesting arbitration, the other shall appoint the second arbitrator. If the two arbitrators fail to appoint the umpire within thirty
(30) days after their appointments, either party may apply to the Orange County Superior Court of the State of California to appoint an impartial umpire. The umpire shall promptly notify all parties to the arbitration of his selection.

  

	 	(2)	The arbitration shall be conducted pursuant to the provisions of the California Code of Civil Procedure, including the rules pertaining to discovery. 

  

	 	(3)	Within a reasonable time after completion of the arbitration, the arbitrators shall prepare a written opinion, a copy of which shall be delivered to each party.

  

	 	(4)	The parties shall share equally the expenses of arbitration, including the arbitrator’s fee, provided, however, that the arbitrators, in their discretion, may award costs to
the prevailing party. 

  

	 	d)	Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto
given in accordance with Section 11(b) of this Agreement. 

  

	4)	Obligations of the Company or Executive Upon Termination. 

  

	 	a)	Good Reason, Other than for Cause, Death, or Disability. If during the Employment Period, the Company shall terminate the Executive’s employment other than for Cause,
Death or Disability, or the Executive terminates the Executive’s employment for Good Reason, such termination, for purposes of this Section 4(a), shall constitute separation from, and cessation of duties for, the Company as of the Date of
Termination. Under such circumstances, the Company shall pay to the Executive the following payments and benefits: 

  

	 	i)	Bi-weekly salary continuation at the Executive’s Annual Base Salary as if the Executive had remained employed through the end of the Employment Period;

  

	 	ii)	Medical and dental coverage continuation as if the Executive had remained employed through the end of the Employment Period at the Executive’s benefit level as of the Date of
Termination; 

  

	 	iii)	Life insurance coverage continuation, through the end of the Employment Period at the Executive’s benefit level as of the Date of Termination; 

  

 4 

	 	iv)	Outplacement services consistent with the Company’s outplacement policy, if any, for a person at the Executive’s job classification or position; 

 

	 	v)	Payment no later than thirty (30) days after the Date of Termination of all accrued vacation, holiday and personal leave days as of the Date of Termination; and

  

	 	vi)	Payment of Executive’s pro-rata bonus under any applicable cash bonus or incentive program (assuming achievement of 100% of target), to be calculated based on the number of
full months of completed service on the Date of Termination since the last period for which a bonus had been previously paid or is payable during the Employment Period. This amount will be payable in equal installments on each pay date through the
end of the Employment Period. 

 The Company reserves the right to deduct from any applicable sum those amounts required by law.
Any money owed to the Company by Executive may be deducted from the amounts payable pursuant to this Section 4(a). All accruals of vacation, holiday and personal leave shall end on the Date of Termination. The payments called for in this
Section 4(a) shall be in lieu of and discharge any obligations of the Company to Executive for compensation, accrued vacation, accrued personal leave days, accrued holidays, incentive compensation, car allowances, severance payments, or any
other expectations or remuneration or benefit on the part of the Executive; provided, however, that in the event Executive is entitled to receive one or more severance payments under a separate employment agreement between Executive and the Company,
then Executive must elect either to receive the severance payment(s) under such separate employment agreement or the amounts payable under Section 4(a)(i) of this Agreement. 
  

	 	b)	Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, this Agreement shall terminate without further
obligations to the Executive’s legal representatives under this Agreement, other than for payment of accrued obligations and the timely payment or provision of other benefits under any plan, program, policy or practice of TriZetto in accordance
with the terms of such plan, program, policy or practice (the “Other Benefits”). Accrued obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within thirty (30) days of the Date
of Termination. 

  

	 	c)	Disability. If the Executive’s employment is terminated by reason of the Executive’s Disability during the Employment Period, this Agreement shall terminate without
further obligations to the Executive, other than for payment of accrued obligations and the timely payment or provision of Other Benefits. Accrued obligations shall be paid to the Executive in a lump sum in cash within thirty (30) days of the
Date of Termination. 

  

	 	d)	 Cause, Other than for Good Reason. If the Executive’s employment shall be terminated for Cause during the Employment Period, this Agreement shall
terminate without further obligations to the Executive other than the obligation to pay to the Executive (i) his or her Annual Base Salary through the Date of Termination, (ii) the amount of any compensation previously deferred by the
Executive, and (iii) Other Benefits, in each case to the extent unpaid. If the Executive voluntarily terminates employment during the Employment Period, except a termination for Good Reason, this Agreement shall terminate without 

  

 5 

	 	 
further obligations to the Executive, other than for accrued obligations and the timely payment or provision of Other Benefits. In such case, all accrued
obligations shall be paid to the Executive in a lump sum in cash within thirty (30) days of the Date of Termination. 

  

	 	e)	Acceleration of Awards. If, during the Employment Period, the Company shall terminate the Executive’s employment other than for Cause, Death or Disability or the
Executive terminates the Executive’s employment for Good Reason, then, subject to Section 5 of this Agreement, the vesting of all awards granted to the Executive under the LTIP (including stock options granted under the 1998 Plan) and the
vesting of all equity-based awards, such as restricted stock, granted to the Executive outside of the LTIP shall be accelerated so that such awards shall vest (and, to the extent applicable, become exercisable) as to the shares that otherwise would
have been unvested and the repurchase rights of the Company with respect to shares issued upon exercise of awards shall lapse as to the shares subject to such repurchase rights. For purposes of this provision, any such termination of the
Executive’s employment shall be deemed to be a termination for the convenience of the Board; accordingly, any stock options or share appreciation rights granted to the Executive under the LTIP (including stock options granted under the 1998
Plan) which are or become vested and, if applicable, exercisable as of the Date of Termination shall terminate ninety (90) days after the Date of Termination. 

  

	 	f)	Duty to Cooperate. During the Employment Period and thereafter, Executive agrees to cooperate with and assist the Company, upon reasonable notice, in the defense of any
litigation or governmental investigation arising from events that occurred while Executive was employed by the Company. Such cooperation and assistance shall include, but not be limited to, the Executive’s full participation in locating,
producing, collecting, analyzing and preparing documents and other informational materials; in preparing for and participating in depositions, hearings and trials; and in responding to document production requests, interrogatories, and other
discovery. If it becomes necessary for Executive to testify in any judicial or other administrative proceedings, the Company shall reimburse Executive for any reasonable travel expenses (including transportation, food and lodging), which are
incurred (or are to be incurred) in connection with such testimony (including preparation therefore). The Company shall not be required to pay Executive any additional consideration, including but not limited to, consulting or witness fees, in
connection with any cooperation, assistance or testimony required of or provided by Executive pursuant to this Agreement. In addition, from the Date of Termination to the end of the Employment Period, the Executive shall devote a reasonable amount
of time cooperating with and assisting the Company in maintaining and improving its relationships with its customers. 

  

	5)	Certain Reductions of Payments by the Company. 

  

	 	a)	The payments (including for this purpose the value of the acceleration described in Section 4(e) or elsewhere) made to the Executive hereunder shall be subject to the
provisions of 13(d) of the LTIP or 3.3.4 of the 1998 Plan, as applicable. 

  

	 	b)	 All determinations required to be made under this Section 5 as to whether a Payment or benefit would be deductible by the Company shall be made by an
independent accounting firm selected by the Board (the “Accounting Firm”), 

  

 6 

	 	 
which shall provide detailed supporting information both to the Company and the Executive within thirty (30) business days following the Date of
Termination or such earlier time as is requested by the Company. Any such determination by the Accounting Firm shall be binding upon the Company and the Executive. 

  

	 	c)	In the event that any option which is outstanding on the Executive’s Date of Termination has not become exercisable because of the application of this Section 5, such
option shall become exercisable in such manner and at such times as the option would have become exercisable if the Executive had not terminated employment, and the portion of any such option which becomes exercisable pursuant to this
Section 5(c) shall remain exercisable until the earlier of the date which is ninety (90) days following the date on which the option first becomes exercisable or the original expiration date of the option. 

  

	6)	Non-Exclusivity of Rights. Nothing in this Agreement shall prevent or limit the Executive’s continuing or future participation in any plan, program, policy or practice
provided by the Company or its Affiliates and for which the Executive may qualify, nor, subject to Section 1(b), shall anything herein limit or otherwise affect such rights as the Executive may have under any contract or agreement with the
Company or its Affiliates. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its Affiliates at or
subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program, or contract or agreement except as explicitly modified by this Agreement. 

  

	7)	Full Settlement. Except as stated herein, the Company’s obligation to provide the payments and benefits described in this Agreement and otherwise to perform its
obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others; provided, however, that the Company shall have no obligation to
provide any such payments and benefits that are due and payable from and after the Executive’s termination of employment unless the Executive has executed and delivered to the Company a release of claims agreement in a form reasonably
acceptable to the Company. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts
shall not be reduced whether or not Executive obtains other employment. 

  

	8)	Confidential Information. The Executive shall continue to be bound by the Intellectual Property and Technical Information Agreement. Following termination of the
Executive’s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any confidential information to anyone other than
the Company and its Affiliates or others designated by the Company. 

  

	9)	Successors. 

  

	 	a)	This Agreement is personal to the Executive and may not be assigned by the Executive without the prior written consent of the Company, except by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. 

  

 7 

	 	b)	This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

  

	 	c)	The Company will require any successor (whether direct or indirect, by reason of purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

  

	10)	Certain Definitions. 

  

	 	a)	“Affiliates” shall mean any company controlled by, controlling or under common control with the Company. 

  

	 	b)	“Business Combination” shall mean any reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company.

  

	 	c)	“Change of Control” shall mean any of the following occurrences: 

  

	 	i)	The acquisition whether by Business Combination, tender offer, or otherwise, of any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either: (A) the then outstanding shares of common stock of the Company (the “Outstanding
Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Voting Securities”). For purposes of this
Agreement, the following acquisitions of Outstanding Common Stock or Outstanding Voting Securities shall not constitute a Change of Control: (A) any acquisition by 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, or (C) any acquisition by any corporation pursuant to a transaction which complies with clauses (1), (2) and (3) of subsection
(iii) below. 

  

	 	ii)	Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs 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 

  

 8 

	 	iii)	Consummation of a Business Combination, unless, following such Business Combination, each of the following conditions are met: 

  

	 	(1)	All or substantially all of the individuals and entities who are the beneficial owners, respectively, of the Outstanding Common Stock and Outstanding Voting Securities immediately
prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all
of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Common Stock and Outstanding Voting
Securities, as the case may be; 

  

	 	(2)	No Person (excluding any employee benefit plan or related trust of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or
indirectly, 50% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to
the extent that such ownership existed prior to the Business Combination; and 

  

	 	(3)	At least a majority of the members of the Board of Directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing for such Business Combination. 

  

	 	iv)	Approval of the stockholders of the Company of a complete liquidation or dissolution of the Company. 

  

	 	d)	“Change of Control Period” shall mean the period commencing on the date hereof and ending on the second anniversary of the date hereof. 

  

	 	e)	“Code” shall mean the Internal Revenue Code of 1986, as amended. 

  

	 	f)	“Company” shall mean The TriZetto Group, Inc. and its Affiliates. In addition to the foregoing definition, Company shall also include any successor to the
Company’s business and/or assets that assumes and agrees to perform this Agreement by operation of law or otherwise. 

  

	 	g)	“Date of Termination” shall mean: 

  

	 	i)	if the Executive’s employment is terminated by the Company for Cause, or by the Executive for Good Reason, the date of receipt of the Notice of Termination or any later date
specified therein, as the case may be; or 

  

	 	ii)	if the Executive’s employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the
Executive of such termination; or 

  

 9 

	 	iii)	if the Executive’s employment is terminated by reason of Death or Disability, the Date of Termination shall be the date of Death or the Disability Effective Date, as the case
may be. 

  

	 	h)	“Disability” shall mean the absence of Executive from the Executive’s duties with the Company on a full-time basis for one hundred-eighty
(180) consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and reasonably acceptable to the Executive or the
Executive’s legal representative. 

  

	 	i)	“Effective Date” shall mean the first date during the Change of Control Period on which a Change of Control occurs. Notwithstanding anything in this Agreement, if a
Change of Control occurs and if the Executive’s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment
(i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control, or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement,
the Effective Date shall mean the date immediately prior to the date of such termination. 

  

	 	j)	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  

	 	k)	“LTIP” shall mean the Company’s 1998 Long-Term Incentive Plan approved by the Board effective as of March 25, 2004. 

  

	 	l)	“Notice of Termination” shall mean a written notice which: 

  

	 	i)	indicates the specific termination provision in this Agreement relied upon; 

  

	 	ii)	to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the
provision so indicated; provided, however, that the failure to set forth such information shall not waive any right of the Executive or the Company hereunder, or preclude either party from asserting such fact or circumstance in enforcing their
respective rights hereunder; and 

  

	 	iii)	if the Date of Termination is other than the date of receipt of such notice, specifies the termination date, which shall not be more than thirty (30) days after the giving of
such notice. 

  

	 	m)	“1998 Plan” shall mean the Company’s 1998 Stock Option Plan, in effect immediately before the Board approved the amendment and restatement to such plan
effective as of March 25, 2004. 

  

	11)	Miscellaneous Provisions. 

  

	 	a)	 Governing Law. Except for the determination of “Good Reason” pursuant to Section 3(c)(ii), this Agreement will be governed by, and construed
and enforced in accordance with the laws of the State of Delaware as applied to contracts that are executed and performed in Delaware, without regard to the principles of conflicts of law thereof. Each party hereby irrevocably submits to the
exclusive 

  

 10 

	 	 
jurisdiction of the state and federal courts sitting in Orange County, California, for the adjudication of any dispute hereunder or in connection herewith or
with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such
suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address in effect for
notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner
permitted by law. 

  

	 	b)	Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified;
(b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next business day; (c) five (5) days after having been sent by registered or certified mail, return receipt requested,
postage prepaid; or (d) two (2) days after deposit with a nationally recognized overnight courier, specifying two (2) day delivery, with written verification of receipt. All communications shall be sent to the parties at the following
addresses or facsimile numbers specified below (or at such other address or facsimile number for a party as shall be designated by ten (10) days advance written notice to the other parties hereto): 

 If to the Company: 
 The TriZetto Group,
Inc. 
 567 San Nicolas Drive, Suite 360 
 Newport Beach, California 92660 
 Attn:        Jeffrey H. Margolis

 Ph:           949-719-2201 
 Fax:          949-219-2199 
 E-mail:     jeff.margolis@trizetto.com 
 If to Executive: 
                         
[Name] 
                          [Street Address] 
                         
[City, State and Zip Code] 
                          [Telephone Number] 
  

	 	c)	Amendment. Subject to either party’s right to terminate this Agreement prior to the Effective Date pursuant to Section 1(b) hereof, this Agreement may not be
amended except by an instrument in writing signed by the parties hereto, or their respective successors and legal representatives. 

  

	 	d)	Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

  

	 	e)	 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all
other 

  

 11 

	 	 
conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as possible, in an acceptable manner, to the end that transactions contemplated hereby are fulfilled to the extent possible. 

  

	 	f)	Entire Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements and undertakings (other than the Executive’s Intellectual Property
and Technical Information Agreement, Stock Option Award Agreement and Restricted Stock Award Agreement), both oral and written, among the parties, or any of them, with respect to the subject matter hereof and, except as otherwise expressly provided
herein. 

  

	 	g)	Withholdings. The Company may withhold from any amounts payable hereunder, such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any
applicable law or regulation. 

  

	 	h)	Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be
deemed to be an original but all of which taken together shall constitute one and the same agreement. This Agreement shall become effective when counterparts have been signed by each of the parties and delivered by facsimile or other means to the
other party. 

  

	 	i)	Failure or Indulgence Not Waiver. No failure or delay on the part of any party hereto in the exercise of any right hereunder shall impair such right or be construed to be a
waiver of, or acquiescence in, any breach of any obligation or agreement herein, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. 

 IN WITNESS WHEREOF, the parties have caused this Change of Control Agreement to be executed as of the date first written above. 
  

			
	THE TRIZETTO GROUP, INC.
		
	 By:
	 	  
		
	 Name:
	 	  
		
	 Title:
	 	  
	
	EXECUTIVE
		
	 By:
	 	  
		
	 Name:
	 	  
		
	 Title:
	 	  

  

 12Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
  

			
	Parties:	  	GSI COMMERCE, INC. (“Employer”)
		  	935 First Avenue
		  	King of Prussia, PA 19406
		
		  	MICHAEL G. RUBIN (“Executive”)
		  	1840 Aloha Lane
		  	Gladwyne, PA 19035
		
	Date:	  	August 23, 2006
		
	Background:	  	Employer and its subsidiaries are in the business of providing e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to
operate e-commerce businesses (the “Business”). Employer desires to employ Executive, and Executive desires to accept such employment, on the terms and conditions stated below (this “Agreement”).

 INTENDING TO BE LEGALLY
BOUND, and in consideration of the mutual agreements stated below, Executive and Employer agree as follows: 
 1. Employment
and Term. Employer hereby employs Executive, and Executive accepts such employment beginning on July 1, 2006 (the “Effective Date”) for an initial term of one and one-half years, which term shall expire on December 31, 2007
(the “Initial Term”). Thereafter, this Agreement shall automatically renew for successive one year terms (each such successive term a “Renewal Term,” and together with the Initial Term the “Employment Term”), unless at
least 90 days’ prior to the commencement of any Renewal Term either party shall have given the other party written notice of his or its intention not to renew this Agreement, in which case the Employment Term and this Agreement shall terminate
at the expiration of the Initial Term or the Renewal Term, as the case may be (the “Expiration Date”). In the event that Employer gives notice under this Section 1 and allows this Agreement to terminate, then such action shall be
treated as a termination pursuant to Section 5.4 hereof, and Executive shall be entitled to the severance payments and benefits under Section 5.4 hereof. In the event that Executive gives notice under this Section 1 and allows this
Agreement to terminate, then such action shall be treated as a termination pursuant to Section 5.6 hereof, and Executive shall not be entitled to any severance payments or benefits under this Agreement, other than those provided for in
Section 5.6 hereof, and all of Executive’s other rights hereunder shall terminate as of the Expiration Date. 
 2. Position and
Duties. Executive shall serve as Chairman and Chief Executive Officer and shall report solely and directly to Employer’s Board of Directors (the “Board”). In such capacity Executive shall have supervision and control over, and
responsibility for, the overall business, affairs and management of Employer, and shall have such other duties, responsibilities and authority as may from time to time be prescribed by the Board and as are customarily associated with the position of

  

 1 

 Chairman and Chief Executive Officer at other similarly situated companies. Employer will use its best efforts to cause
Executive to be appointed as a member of the Board. Executive shall devote all of his working time, energy, skill and best efforts to the performance of his duties hereunder in a manner which will faithfully and diligently further the business and
interests of Employer. Notwithstanding the foregoing, so long as there is no material interference with the performance of Executive’s duties and responsibilities as an employee of Employer in accordance with this Agreement, Executive shall be
permitted to engage in any of the following activities: (A) serve on corporate, civic or charitable boards or committees, with any corporate board service being subject to approval by the Board (which approval shall not be unreasonably
withheld), provided, however, that Executive’s service on the first such corporate board shall not be subject to such Board approval; (B) deliver lectures and fulfill speaking engagements; and (C) manage personal
investments. 
 3. Place of Employment. Executive’s principal place of employment will be at the Employer’s principal
executive office located at 935 First Avenue, King of Prussia, PA 19406. 
 4. Compensation, Benefits and Expenses. 
 4.1 Compensation. Employer shall pay to Executive an annual base salary (“Base Salary”) in the amount of $474,000 per annum payable in
accordance with the then current payroll policies of the Company. Employer may not decrease Base Salary during the Employment Term nor does either party contemplate that Base Salary will be increased during the Employment Term. 
 4.2 Annual Stock Award. For each year of the Employment Term (including the half year period from July 1, 2006 until December 31, 2006,
the “First Half Year”), Executive shall be granted a restricted stock unit award (the “Annual Stock Award”). The Annual Stock Award shall be granted no later than March 31 of each year of the Employment Term, except that for
the First Half Year the date of grant shall be no later than August 31, 2006. The Annual Stock Award shall consist of restricted stock units (“RSUs”) having a fair market value of at least $675,000 as of the date of grant. The Annual
Stock Award shall be governed by the terms and provisions of the Plan and shall be subject to similar restrictions as are contained in the Annual Stock Awards granted to other executives of Employer and as are set forth in Executive’s Annual
Stock Award agreement. The RSUs subject to each Annual Stock Award will vest in accordance with the following schedule; provided that the vesting will cease upon the termination of Executive’s continuous service (as defined in the Plan) with
Employer; and, provided, further, that such vesting will be subject to acceleration as provided in Section 5.7 hereof: twenty-five percent (25%) of the total number of RSUs subject to an Annual Stock Award shall vest on each
anniversary of the date of grant of such Annual Stock Award, with all of the RSUs subject to an Annual Stock Award becoming fully vested on the fourth anniversary of the date of grant of such Annual Stock Award. 
 4.3 Long Term Incentive Opportunity. 
 (a) Executive shall be granted a Performance Restricted Stock Unit Award for each year of the Employment Term (collectively, the “PRSU Awards”), each award being governed by the terms and provisions of Employer’s 2005 Equity
Incentive Plan (the “Plan”) and the terms of 
  

 2 

 the Stock Award Agreement under which such award is granted (the “Award Agreement”). The date of grant of each
PRSU Award shall be on or before March 31 of each year of the Employment Term, except that for the First Half Year the date of grant shall be no later than August 31, 2006 (each such date, a “Grant Date”). 
 (b) Pursuant to each PRSU Award, a certain number of Performance Restricted Stock Units (“PRSUs”) will be issued, which number shall depend
upon the achievement of certain performance targets (the “Performance Targets”) over a certain period (the “Performance Period”), as set forth in Employer’s Leadership Bonus Plan for the year or years in question. For each
PRSU Award, the number of PRSUs that shall be issuable upon the achievement of the 90%, 100%, or 110% or higher level of the Performance Targets shall be listed in the Award Agreement and shall have a fair market value, as of the Grant Date (but not
necessarily as of the date of their issuance), of no less than $700,000, $1,400,000, or $2,100,000, respectively. In the event that the level of the Performance Targets that is achieved is greater than the 90% level but less than the 100% level, or
greater than the 100% level but less than the 110% level, then the number of PRSUs that shall be issuable shall have a fair market value, as of the Grant Date (but not necessarily as of the date of their issuance), equal to the amount obtained
through linear interpolation between $700,000 and $1,400,000 or between $1,400,000 and $2,100,000, as the case may be. For each PRSU Award, if the 90% level of the Performance Targets is not achieved, then no PRSUs shall be issuable under such PRSU
Award. Notwithstanding the foregoing, in the case of the First Half Year’s PRSU Award, the number of PRSUs that shall be issuable upon the achievement of each level of the Performance Targets shall be one-half of the number which would have
been issuable in any year of the Employment Term other than the First Half Year. 
 (c) Prior to the Grant Date of each PRSU Award, the Board
or the Compensation Committee of the Board of Directors (the “Compensation Committee”), after meeting and consulting with Executive, shall determine the length of the Performance Period applicable to such PRSU Award and shall determine the
number of PRSUs issuable to Executive based upon the achievement of different Performance Targets during such Performance Period. 
 (d) If
the Performance Period is less than three (3) years, PRSUs may be subject to additional time based vesting restrictions as set forth in the Award Agreement. Any such additional time based vesting restrictions shall be limited to two
(2) years following the date of issuance of the PRSUs with 50% of the PRSUs vesting on the first anniversary of their issuance and the remaining PRSUs vesting on the second anniversary of their issuance. 
 4.4 Other Benefits. Executive shall be entitled to participate in all stock purchase, profit sharing, savings, health insurance, life insurance,
group insurance, disability insurance, pension, retirement and other benefit plans or programs of Employer now existing, or established hereafter, on the same terms and to the same extent as the other senior executives of Employer. Notwithstanding
the foregoing, Executive shall not be entitled to participate in any equity incentive, stock option, or bonus plans or programs of Employer now existing, or established hereafter, other than to the extent provided for in Section 4.2 and
Section 4.3 hereof. 
  

 3 

 4.5 Personal Time-off. Executive will be eligible for paid personal time-off in accordance with
Employer’s policy as in effect from time to time. 
 4.6 Expenses. Employer shall reimburse Executive for all actual, ordinary,
necessary and reasonable expenses incurred by Executive in the course of his performance of his duties hereunder, in accordance with Employer’s expense reimbursement policies for executives and subject to proper accounting for all such expenses
by Executive. 
 5. Termination and Severance Benefits. 
 5.1 Termination by Death. In the event of Executive’s death, this Agreement and the parties’ rights and obligations hereunder shall terminate as of the date of death. Notwithstanding the foregoing,
Executive’s heirs, personal representatives or estate shall be entitled to the following: (i) payment, in a lump sum as soon as practicable following the date of death, of (A) the earned but unpaid portion of Executive’s Base
Salary, (B) any other benefits accrued by Executive pursuant to the benefit plans or programs of Employer up to the date of termination and (C) any unpaid expenses payable to Executive pursuant to Section 4.6 hereof (collectively, the
“Accrued Benefits”) and (ii) any benefits which are to be continued or paid after the date of death in accordance with the terms of the benefit plans or programs of Employer. If Executive’s employment is terminated pursuant to
this Section 5.1, then Executive shall be entitled to the issuance of the number of PRSUs to which he would have been entitled had he remained employed throughout the entire Performance Period, based upon the extent to which the Performance
Targets are actually achieved during said Performance Period. Notwithstanding anything in any Award Agreement to the contrary, any time based vesting restrictions on any issued PRSUs shall accelerate should Executive’s employment be terminated
pursuant to this Section 5.1. 
 5.2 Termination By Employer for Disability. In the event of Executive’s Disability,
Employer may, upon thirty (30) days prior written notice, terminate this Agreement and Executive’s employment and rights hereunder. Notwithstanding the foregoing, Executive shall be entitled to the following payments and benefits upon a
termination by Employer for Disability: (i) payment, in a lump sum as soon as practicable following the date of termination, of the Accrued Benefits; (ii) continued payment of Executive’s Base Salary for a period of six
(6) months following the date of termination, reduced, dollar-for-dollar, by any amounts received by Executive under any disability insurance policy or plan provided to Executive by Employer and (iii) any benefits which are to be continued
or paid after the date of termination in accordance with the terms of the benefit plans or programs of Employer. If Executive’s employment is terminated pursuant to this Section 5.2, then Executive shall be entitled to the issuance of the
number of PRSUs to which he would have been entitled had he remained employed throughout the entire Performance Period, based upon the extent to which the Performance Targets are actually achieved during said Performance Period. Notwithstanding
anything in any Award Agreement to the contrary, any time based vesting restrictions on any issued PRSUs shall accelerate should Executive’s employment be terminated pursuant to this Section 5.2. 
  

 4 

 “Disability” means Executive has suffered a physical or mental sickness or injury or other
incapacity that, in the good faith determination of the Board, (i) impairs Executive’s ability to effectively perform Executive’s full-time duties with Employer after a period of one hundred eighty (180) consecutive days or for
periods aggregating more than one hundred eighty (180) days during any twelve (12) month period and (ii) qualifies Executive for benefits under the Company’s group long-term disability plan. 
 5.3 Termination By Employer for Cause. Employer may, upon thirty (30) days prior written notice to Executive, and subject to any applicable
cure period set forth below, terminate this Agreement and Executive’s employment and rights hereunder, for Cause (as defined in this Section 5.3). Notwithstanding the foregoing, Executive shall be entitled to the following payments and
benefits upon a termination for Cause: (i) payment, in a lump sum as soon as practicable following the date of termination, of the Accrued Benefits and (ii) any benefits which are to be continued or paid after the date of termination in
accordance with the terms of the benefit plans or programs of Employer. If Executive is terminated pursuant to this Section 5.3, then all PRSU Awards shall immediately terminate and Executive shall not be entitled to the issuance of any PRSUs
under such awards, and any unvested PRSUs held by Executive shall immediately terminate and become forfeited as of the date of termination; provided, however, that any vested PRSUs whose settlement has been deferred by Executive
pursuant to the terms of his PRSU Award shall be settled according to the terms thereof. 
 “Cause” shall exist if the Board or
the Compensation Committee in good faith determines that (i) Executive is grossly negligent or engages in willful misconduct in the performance of his duties under this Agreement, (ii) Executive is convicted of, or enters a plea of guilty
or nolo contendere to, a crime constituting a felony or any criminal offense involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof other than an automobile offense or (iii) Executive materially
breaches this Agreement or materially violates Employer’s code of ethics or any other material policy of Employer. Notwithstanding the foregoing, Cause shall only exist after (A) Employer delivers written notice to Executive of its
intention to terminate for Cause within ninety (90) days after Employer has actual knowledge of the facts and circumstances upon which Employer seeks to rely as a basis for its right to terminate for Cause, (B) such notice sets forth in
reasonable detail such facts and circumstances and (C) Executive has failed to fully correct any of the events listed in Section 5.3(i)-(iii) above, if such events are reasonably capable of being fully corrected, within thirty
(30) days following delivery of Employer’s written notice of its intention to terminate for Cause. 
 5.4 Termination By
Employer Without Cause. Employer may, upon thirty (30) days prior written notice to Executive, terminate this Agreement and Executive’s employment and rights hereunder, for any reason or for no reason. Notwithstanding the foregoing,
Executive shall be entitled to the following payments and benefits upon such termination by Employer without Cause: (i) a payment of severance in the amount of $2,525,000 payable over a period of twenty-four (24) months following the date
of termination (payable in accordance with the then current payroll policies of Employer), (ii) continuation of Executive’s medical benefits for the shorter of, a period of twenty-four (24) months following the date of termination, or
until Executive obtains substantially 
  

 5 

 comparable medical coverage, (iii) any benefits which are to be continued or paid after the date of termination in
accordance with the terms of the benefit plans or programs of Employer and (iv) payment, in a lump sum as soon as practicable following the date of termination, of the Accrued Benefits. If Executive is terminated pursuant to this
Section 5.4, then all PRSU Awards shall immediately terminate and Executive shall not be entitled to the issuance of any PRSUs under such awards, and any unvested PRSUs held by Executive shall immediately terminate and become forfeited as of
the date of termination; provided, however, that any vested PRSUs whose settlement has been deferred by Executive pursuant to the terms of his PRSU Award shall be settled according to the terms thereof. 
 5.5 Resignation By Executive for Good Reason. Executive may, upon thirty (30) days prior written notice to Employer and subject to any
applicable cure period set forth below, resign his employment for Good Reason (as defined in this Section 5.5), in which case this Agreement and Executive’s employment and rights hereunder shall terminate. Notwithstanding the foregoing,
Executive shall be entitled to the payments and benefits described in Section 5.4(i)-(iv) upon a resignation for Good Reason. If Executive resigns pursuant to this Section 5.5, then all PRSU Awards shall immediately terminate and
Executive shall not be entitled to the issuance of any PRSUs under such awards, and any unvested PRSUs held by Executive shall immediately terminate and become forfeited as of the date of resignation; provided, however, that any vested
PRSUs whose settlement has been deferred by Executive pursuant to the terms of his PRSU Award shall be settled according to the terms thereof. 
 “Good Reason” shall mean any of the following events if not consented to by Executive in writing: (i) Executive is demoted, removed or not re-elected to any of his positions or offices, including his position as a member of
the Board, or Executive is assigned duties or responsibilities that are materially inconsistent with, or constitute a material diminishment of, Executive’s title, position, responsibilities or authorities, including the change in any reporting
relationships of Employer which results in Executive no longer reporting directly to the Board, (ii) Employer materially breaches this Agreement, (iii) there is a material reduction in the benefits provided to Executive under Sections 4.4
and 4.5 hereof, (iv) there is a material reduction in Executive’s Long Term Incentive Opportunity below that which was provided to Executive in the first year of the Initial Term that is not the First Half Year, (v) Executive’s
principal place of employment is moved to a location that is more than fifty (50) miles from the current location listed in Section 3 hereof, provided that such location is not closer to Executive’s principal residence,
(vi) Employer fails to obtain the assumption of this Agreement by any successor to the business or substantially all of the assets of Employer or (vii) there is a purported termination of Executive for Cause which is not effected pursuant
to the method described in Section 5.3 hereof. Notwithstanding the foregoing, Good Reason shall only exist after (A) Executive delivers written notice to Employer of his intention to resign for Good Reason within ninety (90) days
after Executive has actual knowledge of the facts and circumstances upon which Executive seeks to rely as a basis for his right to resign for Good Reason, (B) such notice sets forth in reasonable detail such facts and circumstances and
(C) Employer has failed to fully correct any of the events listed in Section 5.5(i)-(vii) above, if such events are reasonably capable of being fully corrected, within thirty (30) days of Executive’s written notice of his
intention to resign for Good Reason. 
  

 6 

 5.6 Resignation By Executive Other than for Good Reason. Executive may, upon thirty (30) days
prior written notice to Employer, resign Executive’s employment and terminate this Agreement and Executive’s rights hereunder, for any reason other than a Good Reason, in which case Executive shall be entitled to the payments and benefits
described in Section 5.3(i) and (ii) above. If Executive resigns his employment pursuant to this Section 5.6, then all PRSU Awards shall immediately terminate and Executive shall not be entitled to the issuance of any PRSUs under such
awards, and any unvested PRSUs held by Executive shall immediately terminate and become forfeited as of the date of resignation; provided, however, that any vested PRSUs whose settlement has been deferred by Executive pursuant to the
terms of his PRSU Award shall be settled according to the terms thereof. 
 5.7 Termination By Employer Without Cause; Resignation By
Executive Following a Change in Control. 
 (a) Notwithstanding any other term or condition in this Agreement, including but not limited
to the other provisions of this Section 5, the terms of this Section 5.7 shall control. 
 (b) If within one hundred eighty three
(183) days before or one hundred eighty three (183) days following a Change in Control (including any subsequent period during which Executive may exercise the Walk Right described in Section 5.7(c) below), Employer terminates
Executive’s employment without Cause, Employer issues a notice of non-renewal under Section 1 hereof or Executive resigns for Good Reason (as such term is defined in Section 5.5 above, provided that only a reduction in
Executive’s Base Salary or the occurrence of an event listed in clause (v) of such definition shall constitute a Good Reason for the purposes of this Section 5.7(b)), then Executive shall be entitled to the payments and benefits
described in Section 5.4(i)-(iv) upon such termination, non-renewal or resignation. In addition, notwithstanding anything in any Award Agreement to the contrary, any time based vesting restrictions on any issued PRSUs and any issued RSUs
shall accelerate should Executive’s employment be terminated pursuant to this Section 5.7(b). However, if Executive is terminated or resigns pursuant to this Section 5.7(b), then the PRSU Award that was granted for the Performance
Period in which Executive’s termination or resignation occurred shall immediately terminate and Executive shall not be entitled to the issuance of any PRSUs under such award. 
 (c) After a period of one hundred eighty three (183) days following a Change in Control (the “No Walk Right Period”), Executive shall have
the right (the “Walk Right”) to resign his employment for any reason or for no reason upon thirty (30) days’ prior written notice to Employer. Executive must exercise this right within thirty (30) days of the end of the No
Walk Right Period or the Walk Right shall expire. If Executive exercises the Walk Right, he shall be entitled to the payments and benefits described in Section 5.4(ii)-(iv) above. In addition, notwithstanding anything in any Award
Agreement or Section 5.6 hereof to the contrary, any time based vesting restrictions on any issued PRSUs and any issued RSUs shall accelerate should Executive’s employment be terminated pursuant to this Section 5.7(c). However, if
Executive resigns pursuant to this Section 5.7(c), then the PRSU Award that was granted for the Performance Period in which Executive’s resignation occurred shall immediately terminate and Executive shall not be entitled to the issuance of
any PRSUs under such award. 
  

 7 

 (d) If Employer terminates Executive’s employment without Cause, Employer issues a notice of
non-renewal under Section 1 hereof or Executive resigns for Good Reason (as defined in Section 5.5 above except that the word “material” shall not apply in clause (iv) thereof) and such termination, non-renewal or
resignation occurs after the expiration of Executive’s Walk Right but prior to the date which is seven hundred and thirty (730) days following a Change in Control, then Executive shall be entitled to the payments and benefits described in
Section 5.4(i)-(iv) upon such termination or resignation. In addition, notwithstanding anything in any Award Agreement to the contrary, any time based vesting restrictions on any issued PRSUs and any issued RSUs shall accelerate should
Executive’s employment be terminated pursuant to this Section 5.7(d). However, if Executive is terminated or resigns pursuant to this Section 5.7(d), then the PRSU Award that was granted for the Performance Period in which
Executive’s termination or resignation occurred shall immediately terminate and Executive shall not be entitled to the issuance of any PRSUs under such award. 
 “Change in Control,” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner, directly or indirectly, of securities of Employer representing more than fifty percent (50%) of the
combined voting power of Employer’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction, covered by subsection (ii) below. Notwithstanding the foregoing, a Change in Control shall not be
deemed to occur (A) on account of the acquisition of securities of Employer from Employer by an investor, any Affiliate (as such term is defined in Rule 405 of the Securities Act of 1933, as amended) thereof or any other Exchange Act Person in
a transaction or series of related transactions the primary purpose of which is to obtain financing for Employer through the issuance of equity securities or (B) solely because the level of Ownership held by any Exchange Act Person (the
“Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting securities by Employer reducing the number of shares outstanding, provided that
if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by Employer, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities
that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to
occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) Employer and,
immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of Employer immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than
fifty percent (50%) of the combined outstanding voting power of the surviving corporation, partnership, limited liability company or other entity (each an “Entity”) in such merger, consolidation 
  

 8 

 or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the
parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of Employer immediately prior to such transaction;

 (iii) the stockholders of Employer approve or the Board approves a plan of complete dissolution or liquidation of Employer, or a complete
dissolution or liquidation of Employer shall otherwise occur; 
 (iv) there is consummated a sale, lease, exclusive license or other
disposition of all or substantially all of the consolidated assets of Employer and its subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of Employer and its subsidiaries to an
Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of Employer in substantially the same proportions as their Ownership of the outstanding voting securities of Employer
immediately prior to such sale, lease, license or other disposition; or 
 (v) individuals who, on the date the Plan was adopted by the
Board, are directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the directors; provided, however, that if the appointment or election (or nomination for election) of any new director was
approved or recommended by a majority vote of the Incumbent Board, such new director shall be considered a member of the Incumbent Board, unless such new director’s initial assumption of office occurs as a result of or in connection with either
an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended) or other actual or threatened solicitation of proxies or consents by or on behalf of
an Entity other than the Incumbent Board. 
 “Exchange Act Person” means any natural person, Entity or “group” (within
the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) Employer or any Affiliate, (ii) any employee benefit plan of Employer or any Affiliate or any trustee or
other fiduciary holding securities under an employee benefit plan of Employer or any Affiliate, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, (iv) an Entity Owned, directly or indirectly,
by the stockholders of Employer in substantially the same proportions as their Ownership of stock of Employer or (v) any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange
Act of 1934, as amended) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of Employer representing more than fifty percent (50%) of the combined voting power of Employer’s then outstanding securities.

 “Own,” “Owned,” “Owner,” “Ownership” means that in relation to certain securities, a person or
Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 
  

 9 

 5.8 Section 409A. In the event that any cash severance benefit or continued medical benefit
under this Section 5 shall fail to satisfy the distribution requirement of Section 409A(a)(2)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), as a result of the application of Section 409A(a)(2)(B)(i) of
the Code, then the payment of such benefits shall be delayed to the minimum extent necessary so that such benefits are not subject to the provisions of Section 409A(a)(1) of the Code. The Board may attach conditions to or adjust the amounts
paid pursuant to this Section 5.8 to preserve, as closely as possible, the economic consequences that would have applied in the absence of this Section 5.8; provided, however, that no such condition or adjustment shall result
in the payments being subject to Section 409A(a)(1) of the Code. The PRSU Awards and Annual Stock Awards may contain additional provisions relating to the application of Section 409A of the Code to this Agreement and the payments and
benefits distributed hereunder. 
 5.9 Parachute Payments. Anything in this Agreement to the contrary notwithstanding, if any payment
or benefit Executive would receive from Employer pursuant to this Agreement or otherwise (a “Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for
this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion of
the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion of the Payment, up to and including the total Payment, whichever amount, after taking into account all applicable federal,
state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in Executive’s receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or
some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the following order
unless Executive elects in writing a different order: reduction of cash payments; cancellation of accelerated vesting of equity awards; reduction of employee benefits. If acceleration of vesting of equity award compensation is to be reduced, such
acceleration of vesting shall be cancelled in the reverse order of the date of grant of Executive’s equity awards unless Executive elects in writing a different order for cancellation. 
 Employer shall appoint a nationally recognized independent accounting firm to make the determinations required hereunder, which accounting firm shall
not then be serving as accountant or auditor for an individual, entity or group that effected a Change in Control of Employer. Employer shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder.

 The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting
documentation, on which Executive may rely, to Employer and Executive within fifteen (15) calendar days after the date on which Executive’s right to a Payment is triggered (if requested at that time by Employer or Executive) or such other
time as requested by Employer or Executive. If the accounting firm determines that no Excise Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish Employer and Executive with an
opinion reasonably acceptable to Executive that no Excise Tax will be imposed with respect to such Payment. Employer shall be entitled to rely upon the accounting firm’s determinations, which shall be final and binding on all persons.

  

 10 

 6. Procedure Upon Termination. Upon termination of his employment, Executive shall promptly return
to Employer all documents (including copies) and other materials and property of Employer, or pertaining to its business, including without limitation customer and prospect lists, contracts, files, manuals, letters, reports and records in his
possession or control, no matter from whom or in what manner acquired. 
 7. Covenants. 
 7.1 Discoveries. Executive will promptly and fully communicate to Employer, in writing, all trade secrets, inventions, mask works, ideas,
processes, formulas, source and object codes, data, programs, other works of authorship, know-how, improvements, discoveries, developments, designs and techniques (collectively referred to as “Inventions”), whether or not patentable or
registrable under copyright or similar statutes, which are made, conceived, reduced to practice or learned by Executive, whether alone or jointly with others, at any time during the Employment Term, which relate to the business or operations of
Employer or which relate to methods, designs, products or systems sold, leased, licensed or under development by Employer (such concepts, ideas and designs are referred to as “Employer Inventions”). Executive acknowledges that Employer
owns all right, title and interest in and to any and all Employer Inventions (and all Proprietary Rights with respect thereto) and hereby assigns and agrees to assign in the future (when any such Inventions or Proprietary Rights are first reduced to
practice or first fixed in a tangible medium, as applicable) to Employer (or to such third party as Employer may direct) all of Executive’s right, title and interest in and to any and all Employer Inventions (and all Proprietary Rights with
respect thereto). Executive acknowledges that all original works of authorship which are made by Executive (solely or jointly with others) within the scope of Executive’s employment and which are protectable by copyright are “works made
for hire,” pursuant to United States Copyright Act (17 U.S.C., Section 101). Executive will, at Employer’s expense, sign all documents and take such other actions as Employer may reasonably request to confirm its ownership in Employer
Inventions. “Proprietary Rights” means all trade secret, patent, copyright, mask work and other intellectual property rights throughout the world. 
 7.2 Nondisclosure. At all times during the Employment Term and thereafter, except with the express prior written consent of an executive officer of Employer other than Executive, in connection with the proper
performance of services under this Agreement, or as required by law or in any judicial or administrative proceeding with subpoena powers, Executive will not, directly or indirectly, communicate, disclose or divulge to any Person, or use for the
benefit of any Person, any Proprietary Information or any Third Party Information. “Proprietary Information” means any and all confidential and/or proprietary knowledge, data or information of Employer, no matter when or how acquired. By
way of illustration, but not limitation, Proprietary Information includes (i) Inventions; (ii) the terms and details of contracts and arrangements with and proposals to entities for which Employer operates e-commerce businesses
(“Partners”) and prospective Partners; (iii) personal, financial and other information obtained from customers of the e-commerce businesses 
  

 11 

 that Employer operates (“E-Commerce Customers”); (iv) non-public pricing information, vendor prices,
buying and pricing strategies and merchandise plans, including the terms of contracts and arrangements with vendors; (v) promotional, marketing and advertising strategies and plans, including the terms of contracts and arrangements relating to
promotions, marketing and advertising; (vi) non-public financial and statistical information relating to Employer, its business and the e-commerce businesses operated by Employer, including budgets, financial and business forecasts, expansion
plans and business strategies; and (vii) information regarding the skills and compensation of other employees of Employer. For purposes of this Section 7.2, Proprietary Information will not include any information which is now known by the
general public, which becomes known by the general public other than as a result of a breach of this Agreement by Executive or which is independently acquired by Executive. “Third Party Information” means any and all confidential or
proprietary data, knowledge and information received from third parties, including Partners, prospective Partners and E-Commerce Customers, subject to a duty on Employer’s part to maintain the confidentiality of such data, knowledge or
information and to use it only for certain purposes. 
 “Person” means any individual, sole proprietorship, joint venture,
partnership, corporation, association, cooperative, trust, estate, government body, administrative agency, regulatory authority or other entity of any nature. 
 7.3 Non-Competition. Executive acknowledges that Employer’s business is highly competitive. Accordingly, for the longer of (i) two (2) years after the date of the termination of Executive’s
employment with Employer for any reason or (ii) the period of time with respect to which Employer is paying Executive severance or separation compensation (the “Restricted Period”), except with Employer’s express prior written
consent, Executive will not, directly or indirectly, in any capacity, for the benefit of any Person: 
 (a) Communicate with or solicit any
Person who, as of or during the one (1) year prior to the termination of Executive’s employment with Employer, was an employee, consultant, agent or representative of Employer or any of its subsidiaries, or who, during the Restricted
Period, becomes an employee, consultant, agent or representative of Employer or any of its subsidiaries, in any manner which interferes or might interfere with such Person’s relationship with Employer or any such subsidiary, or in an effort to
obtain any such employee, consultant, agent or representative as an employee, consultant, agent or representative of any other Person, 
 (b)
Communicate with or solicit any Person who, as of or during the one (1) year prior to the termination of Executive’s employment with Employer, was a partner, customer, client or prospect of Employer or any of its subsidiaries, or who,
during the Restricted Period, becomes a partner, customer, client or prospect of Employer or any of its subsidiaries, in any manner which interferes or might interfere with such Person’s relationship with Employer or any such subsidiary, or in
an effort to obtain any such a partner, customer, client or prospect as a partner, customer, client or prospect of any other Person which conducts a business competitive with all or any material part of the Business, or 
  

 12 

 (c) Establish, own, manage, operate or control, or participate in the establishment, ownership,
management, operation or control of, or be a director, officer, employee, agent or representative of, or be a consultant to, any Person which conducts a business competitive with all or any material part of the Business. 
 7.4 Nondisparagement. During the Restricted Period, both Executive and Employer shall refrain from making any false, defamatory or disparaging
statements about the other party, and in the case of Executive, about any director, officer, employee or agent of Employer. 
 7.5
Consideration and Enforcement of Covenants. Executive expressly acknowledges that the covenants contained in Sections 7.1 to 7.4 of this Agreement (the “Covenants”) are a material part of the consideration bargained for by Employer
and, without the agreement of Executive to be bound by the Covenants, Employer would not have agreed to enter into this Agreement. Executive acknowledges that any breach by Executive of any of the Covenants will result in irreparable injury to
Employer for which money damages could not adequately compensate. If there is such a breach, Employer will be entitled, in addition to all other rights and remedies which Employer may have at law or in equity, to have an injunction issued by any
competent court enjoining and restraining Executive and all other Persons involved therein from continuing such breach. The existence of any claim or cause of action which Executive or any such other Person may have against Employer will not
constitute a defense or bar to the enforcement of any of the Covenants. If Employer must resort to litigation to enforce any of the Covenants which has a fixed term, then such term will be extended for a period of time equal to the period during
which a breach of such Covenant was occurring, beginning on the date of a final court order (without further right of appeal) holding that such a material breach occurred or, if later, the last day of the original fixed term of such Covenant. If any
portion of any Covenant or its application is construed to be invalid, illegal or unenforceable, then the other portions and their application will not be affected thereby and will be enforceable without regard thereto. If any of the Covenants is
determined to be unenforceable because of its scope, duration, geographical area or similar factor, then the court making such determination will have the power to reduce or limit such scope, duration, area or other factor, and such Covenant will
then be enforceable in its reduced or limited form. 
 7.6 Severance Obligations. Any breach of the Covenants contained herein shall
constitute a material breach of this Agreement and shall discharge, to the extent not prohibited by applicable law, Employer from any and all of its obligations to make payments or provide benefits under any provision of this Agreement including
Section 5 hereof. 
 8. Clawback. In the event that the Board or the Compensation Committee determines in good faith that the
earlier determination as to the achievement of the Performance Targets was based on incorrect data, which incorrect data would require the restatement of Employer’s financial statements for reasons other than changes in law or accounting
principles, and that in fact the Performance Targets had not been achieved or had been achieved to a lesser extent than originally determined and a portion of any PRSUs granted under any PRSU Award would not have been issued, vested or settled,
given the correct data, then (i) such portion of PRSUs that were issued shall be forfeited and cancelled as provided by the Board or the Compensation Committee, (ii) such 
  

 13 

 portion of PRSUs that became vested shall be deemed to be not vested and shall be deemed to be forfeited and cancelled as
provided by the Board or the Compensation Committee and (iii) such portion of PRSUs that were settled in exchange for shares of Employer’s stock (or if such shares were disposed of the cash equivalent) shall be paid by Executive to
Employer upon notice from Employer as provided by the Board or the Compensation Committee. 
 9. No Mitigation. Executive shall not be
required to mitigate the amount of any benefits under this Agreement by seeking other employment or otherwise. The benefits to be provided pursuant to Section 5 hereof shall not be reduced by any compensation or benefits payable or provided to
Executive as a result of employment by another employer after the date of termination or otherwise, except as set forth in Section 5.4(ii) above. The specific arrangements referred to in this Agreement are not intended to exclude any other
benefits which may be available to Executive upon a termination of employment with Employer pursuant to any other agreement between Employer and Executive. 
 10. Release. Executive shall not receive any of the payments or benefits set forth under Section 5 hereof, and Employer shall have no obligation to provide such payments or benefits, unless and until,
Executive furnishes Employer with an effective waiver and release of claims (the “Release”) substantially in the form attached hereto as Exhibit A with only such changes, if any, as counsel to Employer opines are required by applicable
law. 
 11. Indemnification. Executive shall be indemnified by Employer to the fullest extent permitted by its bylaws or applicable
law. Employer shall ensure that Executive is covered by Employer’s director and officer liability insurance policies during the Employment Term and for at least four (4) years thereafter in an amount reasonably determined by the Board.

 12. Applicable Law. This Agreement shall be governed by and construed in accordance with the substantive laws (and not the choice
of law rules) of the Commonwealth of Pennsylvania applicable to contracts made and to be performed entirely therein. Each of the parties irrevocably consents to service of process by certified mail, return receipt requested, postage prepaid, to the
address at which such party is to receive notice in accordance herewith. Each of the parties irrevocably consents to the jurisdiction of the state courts in Montgomery County, Pennsylvania and the federal courts in the Eastern District of
Pennsylvania in any and all actions between the parties arising hereunder. 
 13. Survival of Obligations. Notwithstanding anything to
the contrary contained herein, Section 6 through Section 20 of this Agreement shall survive any termination of this Agreement and the termination of the Employment Term. Certain payments and benefits owed to Executive under Section 5
hereof shall survive the termination of this Agreement to the extent provided for in Section 5. 
 14. Legal Fees. Employer shall
pay the reasonable legal fees and expenses of Executive in connection with the negotiation, execution and delivery of this Agreement up to a maximum amount of $30,000. In connection with the enforcement of any right or remedy or the obtaining of any
benefit under this Agreement, Employer shall pay all reasonable legal fees and expenses if Executive substantially prevails. 
  

 14 

 15. Notices. All notices, consents or other communications required or permitted to be given under
this Agreement shall be in writing and shall be deemed to have been duly given (i) when delivered personally, (ii) three (3) business days after being mailed by first class certified mail, return receipt requested, postage prepaid or
(iii) one (1) business day after being sent by a nationally recognized express courier service, postage or delivery charges prepaid, to the parties at their respective addresses stated on the first page of this Agreement. Notices may also
be given by prepaid telegram or facsimile and shall be effective on the date transmitted if confirmed within twenty-four (24) hours thereafter by a signed original sent in the manner provided in the preceding sentence. Either party may change
its address for notice and the address to which copies must be sent by giving notice of the new addresses to the other party in accordance with this Section 15, provided that any such change of address notice shall not be effective unless and
until received. 
 16. Prior Agreements. Executive represents to Employer (i) that there are no restrictions, agreements or
understandings whatsoever to which Executive is a party which would prevent or make unlawful his execution of this Agreement or his employment hereunder, (ii) that Executive’s execution of this Agreement and Executive’s employment
hereunder do not constitute a breach of any contract, agreement or understanding, oral or written, to which Executive is a party or by which Executive is bound and (iii) that Executive has full legal right and capacity to execute this Agreement
and to enter into employment with Employer. All prior employment agreements between Executive and Employer are hereby terminated as of the date hereof as fully performed on both sides. 
 17. Parties in Interest. This Agreement is for the personal services of Executive and shall not be assignable by either party without the express
prior written consent of the other party; provided, however, that Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets
of Employer to assume and agree to perform this Agreement in the same manner and to the same extent that Employer would be required to perform if no such succession had taken place; provided, further, that no such assumption or
agreement by such successor shall relieve Employer of any of its obligations under this Agreement. Subject to the provisions of Section 5 and this Section 17, this Agreement shall inure to the benefit of and bind each of the parties hereto
and the successors and assigns of Employer and the personal representatives, estate and heirs of Executive. 
 18. Entire
Understanding. This Agreement and the Release set forth the entire understanding of the parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous, oral or written, express or implied, agreements and
understandings. 
 19. Amendment and Waiver. This Agreement shall not be amended, modified or terminated unless in writing and signed
by Executive and a representative of Employer, other than Executive, who is duly authorized by the Board or the Compensation Committee. No waiver with respect to this Agreement shall be enforceable unless in writing and signed by the parties against
which enforcement is sought (which, in the case of Employer, must be someone other than Executive 
  

 15 

 who is duly authorized by the Board or the Compensation Committee). Neither the failure nor any delay on the part of
either party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the
same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other
occurrence. 
 20. Section Headings. Any headings preceding the text of any of the Sections or Subsections of this Agreement are
inserted for convenience of reference only, and shall neither constitute a part of this Agreement nor affect its construction, meaning or effect. 
 [Remainder of page intentionally left blank] 
  

 16 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first
stated above. 
  

					
	GSI COMMERCE, INC.	  	
			
	By:	 	 /s/ Michael Perlis
	  	 /s/ Michael G. Rubin

	Name:	 	Michael Perlis	  	Michael G. Rubin
	Title:	 	Chairman of the Compensation Committee of the Board of Directors	  	

 [Signature page to Employment Agreement] 
  

 17 

 EXHIBIT A 
 RELEASE AND WAIVER OF CLAIMS 
 In consideration of the benefits and mutual agreements set forth in
the Employment Agreement, effective as of August 23, 2006 (the “Agreement”), between GSI Commerce, Inc, (“Employer”) and Michael Rubin (“Executive”), to which this form is attached, Executive, intending to be
legally bound, agrees to the following release and waiver (“Release and Waiver”): 
 In exchange for the consideration provided to
Executive by the Agreement that Executive is not otherwise entitled to receive and the other commitments of Employer in the Agreement, Executive and his heirs, representatives, agents and attorneys hereby generally and completely releases Employer
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 Executive signing this Release and Waiver. This general release includes, but is not limited to: (1) all claims arising out of or in
any way related to Executive’s employment with Employer or the termination of that employment; (2) all claims related to Executive’s compensation or benefits from Employer, including, but not limited to, salary, bonuses, commissions,
vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in Employer; (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, but not limited to, 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 Pennsylvania Fair Employment and Housing Act (as amended). Notwithstanding the foregoing, this general release specifically excludes any and all claims that Executive
may have in regard to (a) any ongoing severance or employment obligations of Employer to Executive under the Agreement or any other written agreement or arrangement between Employer and Executive, including any bonus plan, benefit plan and
other agreement or arrangement, (b) any ongoing obligations of Employer to Executive under any written stock option agreement, restricted stock award agreement, restricted stock unit award agreement or other equity award agreement evidencing an
option or other equity award granted or awarded by Employer to Executive, (c) any indemnification obligations of Employer to Executive as a former director, officer and/or employee of Employer or any of its subsidiaries pursuant to
Employer’s certificate of incorporation or bylaws or any indemnification or other written agreement, (d) any rights Executive may have under any directors and officers liability insurance policy of Employer, and (e) any rights
Executive may have arising by virtue of his status as a stockholder of Employer. 
 Executive also acknowledges that he has read and
understands Section 1542 of the Pennsylvania 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 

 

 18 

 release, which if known by him must have materially affected his settlement with the debtor.” Executive
hereby expressly waives and relinquishes all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to any claims he may have against Employer. 
 Executive acknowledges that, among other rights, he is waiving and releasing any rights he may have under ADEA, that this Release and Waiver is knowing
and voluntary, and that the consideration given for this Release and Waiver is in addition to anything of value to which he was already entitled as an executive of Employer. Executive further acknowledges that he has been advised, as required by the
Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein does not relate to claims under the ADEA which may arise after this Release and Waiver is executed; (b) he should consult with an attorney prior to
executing this Release and Waiver; (c) he has twenty-one (21) days in which to consider this Release and Waiver (although he may choose voluntarily to execute this Release and Waiver earlier); (d) he has seven (7) days following
the execution of this Release and Waiver to revoke his consent to this Release and Waiver; and (e) this Release and Waiver shall not be effective until the eighth day after he executes this Release and Waiver and the revocation period has
expired (the “Effective Date”). 
 This Release and Waiver, including any referenced documents, constitutes the complete, final and
exclusive embodiment of the entire agreement between Employer and Executive with regard to the subject matter hereof. Executive is not relying on any promise or representation by Employer that is not expressly stated herein. This Release and Waiver
may only be modified by a writing signed by both Executive and a duly authorized officer of Employer. 
  

					
	Date: ________________	  	By:	 	  

		  		 	MICHAEL G. RUBIN

  

 19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]