Document:

Separation letter dated August 16, 2004 between the Registrant and Tod Nielsen.

 Exhibit 10.1 
 August 16, 2004 (supersedes letter dated August 11, 2004) 
  
 Tod Nielsen

 c/o BEA Systems Inc. 
 2315 North First Street 
 San Jose, CA 95131 
  
 Dear Tod: 
  
 This letter will set forth BEA
Systems, Inc.’s (“BEA” or the “Company”) proposal in regard to your proposed separation from the Company. If the terms of the following Separation Agreement are acceptable, please sign and return it to the Company no later
than August 16, 2004. 
  
 Separation Agreement and General
Release of Claims 
  
 1. Your employment at BEA is terminated
as of August 26, 2004 (“Separation Date”), and all benefits and perquisites of employment (including but not limited to the vesting of any BEA stock options that were granted to you) ceased as of that Date, except as otherwise provided in
this Agreement. Your final paycheck will include all wages due and owing to you through your Separation Date, including your unused accrued vacation. In addition, you will be refunded for any amounts that were deducted from your earnings for
purposes of participating in BEA’s Employee Stock Purchase Plan. 
  
 2. Your employee benefits under BEA’s employee benefit programs (medical, dental, vision, prescription drugs, life insurance, short and long term disability) as currently enrolled, will terminate at 11:59 PM on your Separation Date.
After your Separation Date, you will be eligible to receive COBRA benefits, provided that you properly elect such benefits and pay the applicable COBRA premiums. Following your Separation Date, you will be able to exercise any vested BEA stock
options in accordance with the terms of the applicable Stock Option Agreement and Stock Option Plan, which typically provides employees with a period of three months following their Separation Date to exercise any vested stock options. You will be
required to return all BEA property in your possession (including any computer that was furnished to you by BEA) on or before your Separation Date. 
  
 3. In exchange for the promises set forth herein, BEA will pay you a severance payment equal to $375,000, less applicable withholdings, which is equal to
12 months’ pay at your current base salary (the “Severance Payment”). This Severance Payment will be paid to you in a lump sum within ten (10) days of the date that you sign and return this Agreement to BEA. BEA also will accelerate
the vesting of the unvested BEA stock options to purchase 5,866 shares of BEA common stock that were granted to you on July 19, 2000 in connection with BEA’s acquisition of CrossGain such that those stock options shall be immediately
exercisable as of your Separation Date. You understand and agree that your receipt of the severance benefits described in this paragraph 3 is contingent upon your signing and returning this Agreement to BEA, and your continued adherence to the
covenants set forth below. 

 4. In return for the consideration described above, you and your representatives completely release the
Company, its affiliated, related, parent or subsidiary corporations, and each of their present and former directors, officers, employees, shareholders, agents, successors and assigns (the “Released Parties”) from all claims of any kind,
known and unknown, which you may now have or have ever had against any of them, or arising out of your employment with or separation from the Company, whether based on contract, tort, statute, local ordinance, regulation or any comparable law in any
jurisdiction (“Released Claims”). By way of example and not in limitation, the Released Claims shall include any claims for compensation, bonuses, separation pay or stock options, any claim arising under Title VII of the Civil Rights Act
of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Worker Adjustment and Retraining Notification (“WARN”) Act, the California Fair Employment Housing Act, the Washington Law Against Discrimination,
or any other comparable state or local law, any claims asserting wrongful termination, discrimination, retaliation, breach of contract, breach of the covenant of good faith and fair dealing, negligent or intentional infliction of emotional distress,
negligent or intentional misrepresentation and defamation, and any claims for attorneys’ fees and costs. 
  
 5. You further agree that because this release specifically covers known and unknown claims, you waive your rights under Section 1542 of the California
Civil Code or under any other comparable law of another jurisdiction that limits a general release to claims that are known to exist at the date of this agreement. Section 1542 of the California Civil Code states as follows: “A general release
does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” 
  
 6. You also agree that you shall not sue or initiate against any Released
Party any compliance review, action, or proceeding, or participate in the same, individually or as a member of a class, under any contract (express or implied), or any federal, state, or local law, statute, or regulation pertaining in any manner to
the Released Claims. You further agree that you will not induce or encourage any other person or entity to pursue a claim against any of the Released Parties. You further agree that you will not assist or cooperate with any individual who has filed,
or pursues any actions, claim or litigation against any Released Party, except as required by law or court order, including but not limited to voluntarily providing documents, materials or information to any such individual, or appearing voluntarily
as a witness in a deposition, arbitration, or civil or administrative action. Any breach of this paragraph 6 shall constitute a material breach of this Agreement. 
  
 7. You agree not to disclose, use or otherwise misappropriate any trade secrets or other confidential and proprietary
information belonging to the Company or acquired by you during your employment with the Company. You acknowledge that the provisions of the Company’s Proprietary Information and Invention Assignment Agreement, which you signed as a condition of
your employment, shall remain in effect after your employment with the Company ends and you agree that you shall comply with the provisions of that Agreement following the Separation Date, including but not limited to the provisions of Section 2(f)
of your Proprietary Information and Invention Assignment Agreement. You further acknowledge that your 

 separation from BEA shall not be deemed an “Involuntary Termination” (as defined in your Employment Agreement)
for purposes of Section 2(f) of your Proprietary Information and Invention Assignment Agreement. 
  
 8. By signing this Agreement, you affirm that the post-termination restrictions set forth in paragraph 1(e) of your Employment Agreement with BEA dated
July 6, 2001 are valid and enforceable as they pertain to your post-termination activities following the Separation Date, and that those restrictions shall remain in effect for a period of one year following your Separation Date. You further
acknowledge that the restrictions in paragraph 1(e) of your Employment Agreement are reasonable and necessary to protect BEA’s legitimate business interests following the Separation Date, and agree, represent, and warrant that you shall adhere
to those restrictions for a period for one year following your Separation Date. More specifically, you agree that for a period of one (1) year following the Separation Date specified above, you will not, directly or indirectly: 
  
 a. Engage in (whether as an employee, consultant, proprietor, partner,
director or otherwise) or have any ownership interest in, or participate in the financing operation, management, control of, any person, firm, corporation or business that engages in any business activity that is competitive with the Company (or of
any Affiliated Company (as defined in your Employment Agreement)), provided, however, that nothing contained in this paragraph 8(a) shall be construed to prohibit you from purchasing and owning (directly or indirectly) up to one percent (1%) of the
capital stock or other securities of any corporation or other entity whose stock or securities are traded on any national or regional securities exchange or the national over-the-counter market and such ownership shall not constitute a violation of
this paragraph 8(a), 
  
 b. Divert or attempt to divert from the
Company (or any Affiliated Company (as defined in your Employment Agreement)) any business of any kind in which it is engaged, including, without limitation, the solicitation of or interference with any of its suppliers or customers, 
  
 c. Solicit, hire, employ, or recruit any person or entity who is employed by
or has a contractual relationship with the Company, or encourage any person or entity who is employed by or has a contractual relationship with the Company to terminate their employment or contractual relationship with the Company. 
  
 9. You further agree to maintain this Agreement, its contents, and the
negotiations surrounding its terms in the strictest confidence and agree that you will not disclose the terms of this Agreement to any third party without the prior written consent of the Company, unless otherwise required by law. Notwithstanding
the foregoing, you may disclose the terms of this Agreement to your spouse, and for legitimate business reasons, to your attorney and/or accountant, provided that you instruct those individual to maintain the information as confidential. 

 
 10. You also agree to refrain from making disparaging or defamatory
comments regarding the Company, its products, or any other Released Party. You further agree that you will not publish or make any statements to any third party (including but not limited to any members of the press and/or any prospective or
subsequent employer) about (a) the reasons for and circumstances surrounding your departure from BEA, or (b) your views regarding BEA’s 

 past, present and future business plans or operations, except to state that you have resigned from the Company to pursue
other interests. BEA agrees that it will instruct its CEO and the other members of its Executive Leadership Team not to make disparaging or defamatory comments about you, and will take reasonable measures to ensure that its CEO and Executive
Leadership Team do not make any such comments about you. In response to any inquiries about your employment with BEA, BEA will provide your title and dates of employment, and will state that you resigned from the Company to pursue other interests.

  
 11. Following your Separation Date, you agree that you will
cooperate with the Company in its investigation or defense of any other legal proceeding, investigation, or action that pertains in any manner to your employment with the Company and/or your actions or omissions as a Company employee, including but
not limited to appearing as a witness in connection with any administrative proceeding, investigation, or litigation without requiring a subpoena and being available to provide information to and/or answer questions from the Company and its counsel
in connection with any administrative proceeding, investigation or litigation. You understand and agree that your failure to comply with your obligations under this paragraph shall constitute a material breach of this Agreement. 
  
 12. You understand and agree that the provisions of paragraphs 7-8 of this
Agreement, Section 1(e) of your Employment Agreement, and the provisions of your Proprietary Information and Invention Assignment Agreement in its entirety are reasonable and necessary in order to protect the legitimate interests of the Company. You
further acknowledge that any breach or threatened breach of those provisions would result in irreparable harm to the Company, and that the remedy at law for any breach or threatened breach of those provisions is and will be inadequate. Therefore,
you acknowledge and agree that in the event of a breach or threatened breach of paragraphs 7-8 of this Agreement, Section 1(e) of your Employment Agreement and/or any provisision of your Proprietary Information and Invention Assignment Agreement,
the Company shall be entitled to equitable remedies without the obligation to post bond or other security in seeking such relief, including, but not limited to, specific performance or temporary, preliminary or permanent injunctive relief
restraining you from violating said provisions. Nothing contained in this Agreement shall be construed as prohibiting Company from pursuing any other remedies available to it for such breach or threatened breach, including, without limitation, the
recovery of damages from you. 
  
 13. You and the Company also
agree that this Agreement contains all of our agreements and understandings, and fully supersedes any prior agreements or understandings that we may have had regarding the subject matter of this Agreement, except to the extent that the provisions of
any such agreement have been expressly referred to in this Agreement as having continued effect. This Agreement may not be modified or amended except in an instrument in writing signed by each of the parties. 
  
 14. This Agreement shall be governed by and construed in accordance with the
laws of the State of Washington. Any action to enforce or interpret the terms of this Agreement shall be filed in the U.S. District Court for the Western District of Washington. If any provision of this Agreement or the application thereof to any
person, place, or circumstance shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provision as applied to other person, places, and circumstances shall remain in full
force and effect. It is the intention of the parties that the covenants set forth in 

 paragraphs 7-8 of this Agreement, Section 1(e) of your Employment Agreement, and your Proprietary Information and
Invention Assignment Agreement shall be enforced to the greatest extent in time, area, and degree of participation as is permitted by the law of that jurisdiction whose law is found to be applicable to any acts allegedly in breach of those
covenants. 
  
 15. Finally, by your signature below, you
acknowledge each of the following: (a) that you have read this Agreement or have been afforded every opportunity to do so; (b) that you are fully aware of the Agreements’ contents and legal effect; and (c) that you have chosen to enter into
this Agreement freely, without coercion, and based upon your own judgment and not in reliance upon any promises made by the Company other than those contained in this letter. 
  
 If you wish to accept the terms of this Agreement, please sign on the line provided below and return the original to my attention no later
than August 16, 2004.  
  
 Sincerely, 
  

	
	
	/s/ Jeanne Wu
	Jeanne Wu
	Sr. VP, WW Human Resources

  
 I have read and understand the
Agreement above and agree to be bound by its terms and conditions. This Agreement shall become effective upon the date that I sign it (the “Effective Date”). 
  
 Agreed: 
  

					
	 Date:
                            
	 	By:	 	 /s/ Tod Nielsen

	 	 	 	 	Tod NielsenEmployment letter dated July 30, 2004 between the Registrant and Wai Wong.

 Exhibit 10.2 
  
 [Letterhead of BEA Systems, Inc.] 
  
 July 30, 2004 
  
 Wai Wong 
  
 Dear Wai: 
  
 I am happy to extend the following offer of employment to you with an
anticipated start date of September 1, 2004 or earlier. This letter will confirm the terms of your offer of employment with BEA Systems, Inc. (“The Company”). 
  
 1. Position and Responsibilities. You will report to Alfred Chuang, CEO and President and serve in the
position of Executive Vice President, Products. You will assume and discharge such responsibilities as are commensurate with such a position for which we believe you are well qualified. The location of this position is San Jose, California (Company
headquarters). 
  
 2. Compensation. 
  
 a) In consideration of your services, you will be paid a base salary of
$17,916.67 per pay period (annualized base salary of $430,000). The salary will be payable semi-monthly in accordance with The Company’s standard payroll practices. Your base salary will be reviewed annually by the appropriate management of The
Company in accordance with our review guidelines. 
  
 b) Your
annual on-target compensation will be $752,500 (combined base and variable). Your variable earnings potential is $322,500 or 75% of your base salary. Your ability to earn the variable targets will be based upon both company and individual
performance. The FY05 Bonus Plan Document is enclosed. We are happy to guarantee for the second half of FY05, such that you will receive the target amount of $161,250 at the end of each quarter (which shall be reduced by any actual bonus earned for
this period). 
  
 c) We are also offering a $50,000 sign on bonus
(gross before applicable withholdings and deductions) payable upon relocation of your family to the Bay Area. 
  
 d) We are also happy to relocate you to the San Francisco Bay Area, consistent with our Standard Domestic Executive Relocation Program. Your relocation
must be completed by a date to be mutually determined and agreed upon by you and Alfred Chuang. Please refer to the relocation summary attachment for specifics of your relocation package. 
  
 e) In the event of involuntary termination without “Cause” (as defined below) within the first year of
employment, you will be provided with a severance payment equal to 6 months of base salary as well as vested stock options equal to the amount that would otherwise vest upon the one year anniversary of your hire date, provided that you sign a
standard transition agreement (to be drafted by BEA) that shall include, among other things, a general release of claims against BEA and its directors, officers, employees, shareholders, agents, successors and 

 assigns. In the event of an involuntary termination without “Cause” after the first year of employment, you
will be entitled to a severance payment equal to 6 months of base salary, provided you sign a standard transition agreement (to be drafted by BEA) that will include, amont other things, a general release of claims against BEA and its directors,
officers, employees, shareholders, agents, successors and assigns. 
  
 For the
purposes of this paragraph 2(e), BEA may terminate your employment for “Cause” if: (i) you are convicted of, or plead no contest to, a crime of moral turpitude, or a fraud, felony or criminal act against The Company or any affiliated
Company thereof or any of the assets of any of them; (ii) you engage in material misconduct or dishonest conduct that is detrimental to The Company (or any affiliated Company), (iii) you breach your Employee Proprietary Information and Inventions
Agreement with The Company; (iv) you demonstrate material unfitness or unavailability for service or persistent unsatisfactory performance, which you fail to cure to the satisfaction of the Company for a period of thirty (30) days following notice
to you by the Company, or, (v) your breach of the representations contained in paragraph 7 herein that your employment with the Company will not breach any contract or agreement with any former or existing employer, which shall include but not be
limited to you being enjoined or prohibited, by a preliminary injunction of any court of competent jurisdiction, from performing all or a substantial portion of the duties which, in BEA’s sole discretion, are critical to the position of
Executive Vice President, Products. 
  
 If BEA terminates your employment for
“Cause,” it shall pay you all compensation to which you are owed through your termination date, and shall have no further obligations to you under this offer letter. For purposes of this offer letter, you agree that BEA may terminate your
employment due to your death or Disability (which shall be defined as you being unable to perform the essential functions of your job for 120 consecutive days or more) and such termination shall not constitute a termination without “Cause”
and you will not be eligible for the severance benefits described in paragraph 2(e) if your employment is terminated due your death or Disability. 
  
 (f) Benefits. You will be entitled to receive employee benefits made available by The Company to similarly situated employees to the extent
of your eligibility. The details of our medical, dental, paid time off, and 401(k) programs will be discussed in our Orientation Program. 
  
 3. Continuity and Indemnification Agreements. Consistent with the Agreement provided to other Executive Staff members, BEA is providing a
“Change in Control” agreement under separate cover that addresses specific severance and trigger events in the event of a change in control. Please refer to the enclosed “Employment Agreement.” If you receive any severance
benefits under paragraph 2(e) above, those severance benefits shall offset and reduce any severance payments or benefits that you may be entitled to under the terms of the attached Employment Agreement. As an officer of the Company, you will receive
the Company’s standard Indemnification Agreement for its officers. 
  
 4. Stock Options. Under the terms and conditions of The Company’s Stock Option Plan, you will be granted an option to purchase 600,000 (six hundred thousand) shares of common stock of The Company, subject to approval by
the Board of Directors. 
  
 The shares subject to the option shall vest as
follows: 
  

	 	1.	100,000 shares of restricted stock at a price of $0.01 per share with a cliff vesting period at one (1) year from date of hire. These shares will be issued from the Company’s
1997 plan and will be registered so that shares can be sold upon vest to pay tax obligations. 

	 	2.	500,000 stock options with a standard four ( 4 ) year vesting period (one year cliff vesting period for first 25% and then monthly thereafter from date of hire).

  
 Your entitlement to any stock options that may be approved is
conditioned upon your signing of The Company’s Stock Option Agreement, and is subject to its terms and the terms of the Stock Option Plan under which the option is granted. The Company’s Stock Option Plan, including the Stock Option
Agreement, will be sent to you separately. 
  
 The stock options that you will be
granted pursuant to paragraph 4(2) above may be exercised, in whole or in part, as follows: The first twenty-five percent (25%) of the shares subject to the option shall vest and may be exercised upon the first anniversary of your hire date. After
the first 25% of an option vests, an additional 1/48th of the shares subject to the option shall vest and may be
exercised upon the monthly anniversary of your hire date. The exercise price of your option and the grant date will be set by Board approval (following your employment with BEA, as determined by the date of such Board actions), and will be the
closing market price on the day prior to the Board approval date. 
  
 6. Confidential Information. You agree that you will execute The Company’s Employee Proprietary Information and Invention Assignments Agreement (to be developed and executed by both parties). You further agree that, at
all times during the term of your employment and thereafter, you will abide by the terms of said agreement. You recognize that The Company desires not to improperly obtain or use any proprietary information or trade secrets of any former employer or
the person or entity. 
  
 7. Conflicting Employment.
Prior to receiving this offer of employment from The Company, you may have been engaged in another employment, occupation, consulting or other business activity related to the business in which The Company is now involved or may become involved
during the term of your employment. You acknowledge that your involvement in any such business activity shall cease prior to your employment by The Company, and that, during the term of your employment, you will not engage in any employment,
occupation, consulting or other business activity that conflicts with your obligations to The Company. 
  
 You further represent that you have disclosed to The Company the nature of any contracts or agreements that you have signed with a former or current
employer, client or third party that may restrict, limit or otherwise affect the scope of your employment with The Company. You represent that you are free to accept this offer of employment, and that, by doing so and/or performing any of your
obligations as an employee of The Company, you are not now, and will not in the future, be breaching any contract or agreement with any former or existing employer, client or third party. You understand and agree that the Company shall have grounds
to immediately terminate your employment (which shall be a termination for “Cause”) if you breach the representations contained in this paragraph 7, which shall include but not be limited to your being enjoined or prohibited, by a
preliminary injunction of any court of competent jurisdiction, from performing all or a substantial portion of the duties which, in BEA’s sole discretion, are critical to the position of Executive Vice President, Products. 
  
 8. Term of Employment. Your employment with The Company will be
“at will.” This means that either you or The Company will have the right to terminate your employment at any time, with or without advanced notice, and with or without cause, subject to the provisions of paragraph 2(e) above and the
attached Employment Agreement. No one other than the CEO of The Company has the authority to alter this arrangement, to enter into an agreement for employment for a specified period of time, or to make any agreement contrary to this policy. Any such
agreement must be in writing and must be signed by the CEO of The Company and by the affected employee. 

 9. Introductory Period. The Company provides for an introductory period of employment for a
new employee to assess The Company and job content, and for The Company to evaluate the employee and his or her job performance. As a new employee, you will be expected to satisfactorily complete a 90 day introductory period beginning on your date
of hire. A performance review will be conducted following the end of the introductory period. (At the company’s discretion, your introductory period may be extended one or more times). Please note, however, that successful completion of the
introductory period does not change the at will nature of your employment. 
  
 This offer of employment is contingent upon (a) a satisfactory background check as mentioned in the release you submitted with your application, (b) your signing the company’s Employee Proprietary Information and
Inventions Agreement, and (c) your signing the attached Arbitration Agreement. This offer also is contingent upon your ability to show proof of your identity and legal right to work in the United States as required by the Immigration Reform and
Control Act of 1986. Enclosed with this letter is a copy of the Employment Eligibility Verification Form required by IRCA. Please review this document and bring the appropriate original documentation on your first day of work. 
  
 We are excited about having you join The Company. Please acknowledge and
confirm your acceptance of this offer by midnight, PST, August 10, 2004 at which point the offer will expire. You can accept by signing and returning the enclosed copy of this letter along with the signed Arbitration Agreement to my attention at fax
number 510-570-xxxx. If you have any questions about this offer letter, please call me at (408) 570-xxxx or cell 408-838-xxxx. 
  
 Sincerely, 
  

	
	
	/s/ Jeanne Wu
	 Jeanne Wu
 Sr. VP, WW Human
Resources

  
 I accept the terms of my employment
with The Company as set forth herein. I understand and acknowledge that this offer letter and the attached agreements (Employment Agreement and Proprietary Information and Invention Assignment Agreement) represents the entire agreement concerning
the subject matter of this letter, and supersedes all prior and contemporaneous agreements and representations. I sign this offer letter voluntarily and not in reliance on any promises other than those contained in this letter. 
  

	
	 /s/ Wai Wong

	 Name

	

	 Date

	 Anticipated Start Date
                                        
    

  
 Note: If for any reason you change
your anticipated start date after you have sent in your acceptance, please notify the individual designated for your New Hire Orientation noted in the Cover Letter.

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