Document:

Prepared by R.R. Donnelley Financial -- Ristricted Share Right Agreement between the Company and Elizabeth A. Fetter

 Exhibit 10.50 
  
 October 1, 2003 
  
 Elizabeth A. Fetter 
 c/o QRS Corporation 
 1400 Marina Way South 
 Richmond, CA 94804 
  

	 	Re:	Restricted Share Right Grant 

  
 Dear Liz: 
  
 Pursuant to its 1993 Stock Option/Stock Issuance Plan (the “Plan”), QRS Corporation (the “Company”) hereby grants you One Hundred Twenty Five Thousand (125,000) restricted share rights (“share
rights”) with respect to its Common Stock (“Common Stock”). These share rights are granted to you in accordance with the restrictions, terms and conditions hereinafter set forth and are in all respects limited and conditioned by the
provisions of the Plan. 
  
 1. Each share right entitles you to
receive one share of Common Stock, provided the share right vests in accordance with paragraph 2. A certificate representing the shares of Common Stock due under each share right that vests in a calendar year will be issued without restriction on or
as soon as practicable following the last date on which any of your share rights vest in such calendar year, provided that such share right has not been terminated or canceled before such date in accordance with the provisions hereinafter set forth.

  
 2. One thirty-sixth (1/36th) of your share rights will vest on the first day of each successive month, commencing on November 1, 2003 and terminating on October 1, 2006,
provided that, in each case, you remain employed with the Company through such date. However, if you are employed by the Company at the time of a Change of Control or Corporate Transaction (both as defined in the Plan, except that for purposes of
this agreement a Corporate Transaction shall not include any merger, whether forward or reverse, if, immediately after the merger, securities possessing 50% or more of the total combined voting power of the surviving entity or parent thereof are
beneficially owned, directly or indirectly, by those persons who were the Company’s stockholders immediately before the merger in substantially the same proportion as their stockholdings immediately before the merger), the lesser of (a) 41,667
of your outstanding share rights, or (b) the total number of outstanding share rights that were not, as of the date of such transaction, previously vested or canceled, will immediately vest in full upon such a Change in Control or a Corporate
Transaction, except that where any excess parachute payment under Internal Revenue Code Section 280G(b) would occur when such accelerated vesting is aggregated with any other compensation that constitutes a parachute payment, such accelerated
vesting will be limited to the extent necessary to assure that no excess parachute 

 Elizabeth A. Fetter 
 October 1, 2003 
  Page
 2
 
  
  
  

 
payment will occur and the remaining non-accelerated share rights will continue to vest in accordance with this agreement in equal monthly installments over
the remainder of the original 36 month vesting period; provided, however, those remaining non-accelerated share rights shall immediately vest in full (i) at the time of a Corporate Transaction, if the successor corporation or parent thereof does not
assume the remaining non-accelerated share rights or (ii) upon your employment being involuntarily terminated other than for “misconduct” (as defined below) at the time of or within twenty four (24) months after a Corporate Transaction or
a Change in Control (as defined above) or upon your resignation at the time of or within twenty four (24) months after such a Corporate Transaction or a Change in Control by reason of (a) a material reduction (15% will be deemed a material
reduction) in your base compensation, your annual total target compensation, or your benefits; (b) a material reduction in your duties or responsibilities, or (c) a change in your principal place of employment that increases your commute by more
than 25 miles. In calculating the number of shares that vest each month, the number shall be rounded down to the nearest whole share, with any fractional shares aggregated and, to the extent they add up to whole shares, vesting in the last monthly
installment. 
  
 Except as provided in the previous paragraph, if
your employment with the Company terminates for any reason before October 1, 2006, any share right held by you that has not vested before the date of your termination of employment will be canceled automatically and will no longer be outstanding and
no shares of Common Stock will be issued hereunder with respect to such canceled share rights. 
  
 If acceleration of vesting of the share rights granted herein would, alone or when aggregated with other compensation payable to you, would constitute an “excess parachute payment” within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the “ Code”) and would subject you to an excise tax under Section 4999 of the Code (or successor or similar provisions), the Company shall pay you an additional amount, which,
when reduced by all taxes thereon (including any additional tax owed under Section 4999 of the Code (or successor or similar provision)) provides you with sufficient cash to pay the amount of excise tax owed by you on all such compensation. If the
Internal Revenue Service asserts such an excise tax and the Company does not believe such excise tax is due, you agree to assist the Company in contesting such assertion; provided the Company advance you funds to pay the amount of excise tax when
asserted by the IRS and indemnifies you for any penalties or interest resulting from such contest. 
  
 For purposes of this Agreement, “misconduct” means (i) your willful engagement in gross misconduct injurious to the Company or your commission
of any act of gross negligence or malfeasance with respect to your duties incident to your employment; (ii) your willful failure to attend to the material duties assigned to you by the Board of Directors; (iii) your commission of any act of fraud,
embezzlement or dishonesty against the Company or any affiliate thereof, or 

 Elizabeth A. Fetter 
 October 1, 2003 
  Page
 3
 
  
  
  

 
(iv) your conviction for any criminal offense involving fraud or dishonesty or any similar conduct that is injurious to the reputation of the Company.

  
 3. The issuance of shares of Common Stock under vested share
rights is subject to satisfaction of all tax withholding obligations with respect to such shares. At your discretion, the number of shares of Common Stock which you would otherwise be entitled to receive may be reduced by that number of shares
which, as of the date as of which the tax withholding liability is determined, has an aggregate Fair Market Value (as defined in the Plan) equal to the minimum statutory tax withholding obligations applicable to the shares for which such withholding
is due. For purposes of determining the amount and timing of employment taxes due under a share right, all share rights that vest in a calendar year will be taken into account as of the last day in such calendar year on which any of your share
rights vest in that year, as permitted under Treas. Reg. Section 1.3121(v)-2(e)(5)’s rule of administrative convenience, which is also that date that you become entitled to payment of shares of Common Stock thereunder. 
  
 4. Your share rights hereunder may not be sold, assigned, transferred,
alienated, subject to garnishment or otherwise encumbered in any manner other than by transfer by will or the laws of descent and distribution. 
  
 5. The issuance of shares of Common Stock hereunder is subject to the procurement by the Company of all approvals and permits required by regulatory
authorities having jurisdiction over the share rights and stock to be issued hereunder. The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any
Common Stock hereunder will relieve the Company of any liability with respect to the non-issuance of the Common Stock as to which such approval is not obtained. The Company, however, will use its best efforts to obtain all such approvals.

  
 6. If any change is made to the Common Stock issuable
hereunder by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without receipt of consideration, the Compensation Committee of the
Board of Directors of the Company (the “Compensation Committee”) will make appropriate adjustments to such share rights to prevent the enlargement or dilution of your rights thereunder. 
  
 7. You will not have any rights as a shareholder with respect to the shares
of Common Stock issuable hereunder until you have been issued a stock certificate for such shares. It is the intention of the parties that the Company’s obligations under your share rights are unfunded for purposes of the Internal Revenue Code
and that the Employee Retirement Income Security Act of 1974 does not apply to your share rights. 

 Elizabeth A. Fetter 
 October 1, 2003 
  Page
 4
 
  
  
  

 8. The Compensation Committee, may, in its discretion, modify or waive any or all of the terms,
conditions or restrictions hereof, provided, however, that no such modification or waiver may, without your consent, adversely affect your rights hereunder. 
  
 9. The Compensation Committee has full authority to administer the Plan, including authority to interpret and construe any provision thereof and hereof
and to adopt such rules and regulations for administering the Plan as it may deem necessary. Decisions of the Compensation Committee are final and binding on all persons who have an interest in the Plan. 
  
 10. This agreement does not constitute a contract of employment. Neither the
grant of this share right, nor any action taken under the terms of this share right or the Plan, nor any provision of this share right or the Plan will be construed to grant you the right to remain in the employ of the Company (or any subsidiary or
parent of the Company) for any period of specific duration, and the Company (or any subsidiary or parent of the Company retaining your services) may terminate your employment at any time and for any reason, with or without cause. However, nothing
contained in this share right or the Plan will affect any contractual rights you may have pursuant to a written employment agreement, duly executed on behalf of the Company. 
  
 If the foregoing is satisfactory, please sign, date and return the enclosed copy of this letter to me. 
  

			
	Very truly yours,
	
	 /s/ Steve Mitchell

	Steve Mitchell, Vice President Human Resources

  
 AGREED AND ACCEPTED: 

 

	
	 /s/ Elizabeth A. Fetter

	Elizabeth A. Fetter
	President and Chief Executive OfficerPrepared by R.R. Donnelley Financial -- Restricted Share Right Agreement between the Company and Garth Saloner

 Exhibit 10.51 
  
 October 22, 2003 
  
 Garth Saloner 
 c/o QRS Corporation 
 1400 Marina Way South 
 Richmond, CA 94804 
  

	 	Re:	Restricted Share Right Grant 

  
 Dear Garth: 
  
 Pursuant to its 1993 Stock Option/Stock Issuance Plan (the “Plan”), QRS Corporation (the “Company”) hereby grants you Twenty Thousand
(20,000) restricted share rights (“share rights”) with respect to its Common Stock (“Common Stock”). These share rights are granted to you in accordance with the restrictions, terms and conditions hereinafter set forth and are in
all respects limited and conditioned by the provisions of the Plan. 
  
 1. Each share right entitles you to receive one share of Common Stock on the date that the share rights vest in accordance with paragraph 2 (the “Vesting Date”). A certificate representing the shares of Common Stock will be issued
without restriction on or as soon as practicable following the Vesting Date of the share right, provided that such share right has not been terminated or canceled before such date in accordance with the provisions hereinafter set forth. 

 
 2. Your share rights will vest in two equal installments, one installment
of 50% on October 1, 2004 and the remaining installment of 50% on the date of the 2005 annual meeting of the Company’s stockholders (“2005 Annual Meeting”), provided that, in each case, you remain a director of the Company through
such date. However, (a) if you are a director of the Company at the time of a Change of Control or Corporate Transaction (both as defined in the Plan, except that for purposes of this agreement a Corporate Transaction shall not include any merger,
whether forward or reverse, if, immediately after the merger, securities possessing 50% or more of the total combined voting power of the surviving entity or parent thereof are beneficially owned, directly or indirectly, by those persons who were
the Company’s stockholders immediately before the merger in substantially the same proportion as their stockholdings immediately before the merger) that occurs before October 1, 2004, 50% of your share rights plus 1/365th of 10,000 share rights
for each day of service you provided from October 1, 2003 through the date of such Change in Control or Corporate Transaction (such number of shares rounded up to the nearest whole share) will immediately vest in full upon such a Change of Control
or Corporate Transaction and (b) if you are a director of the Company at the time of a Change of Control or Corporate Transaction that occurs on or after October 1, 2004 and before 

 Garth Saloner 
 October 22,
2003 
 Page 2 
  
 the 2005 Annual Meeting, the second installment of your outstanding share rights will immediately vest in full upon such a Change in Control or a Corporate Transaction. 
  
 Except as provided in the previous paragraph, if your service as a director
terminates for any reason before the date of the 2005 Annual Meeting, any share right held by you that has not vested before the date of your cessation of service will be canceled automatically and will no longer be outstanding and no shares of
Common Stock will be issued hereunder with respect to each canceled share. 
  
 3. The issuance of shares of Common Stock under vested share rights is subject to satisfaction of any and all tax withholding obligations that may in the future be imposed with respect to such shares. At your
discretion, the number of shares of Common Stock which you would otherwise be entitled to receive on the Vesting Date may be reduced by that number of shares which, as of that date, has an aggregate Fair Market Value (as defined in the Plan) equal
to the employer’s minimum statutory tax withholding obligations applicable to the shares issuable on that date. 
  
 4. Your share rights hereunder may not be sold, assigned, transferred, alienated, subject to garnishment or otherwise encumbered in any manner other than
by transfer by will or the laws of descent and distribution. 
  
 5. The issuance of shares of Common Stock hereunder is subject to the procurement by the Company of all approvals and permits required by regulatory authorities having jurisdiction over the share rights and stock to be issued hereunder. The
inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any Common Stock hereunder will relieve the Company of any liability with respect to the
non-issuance of the Common Stock as to which such approval is not obtained. The Company, however, will use its best efforts to obtain all such approvals. 
  
 6. If any change is made to the Common Stock issuable hereunder by reason of any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the outstanding Common Stock as a class without receipt of consideration, the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) will make appropriate
adjustments to such share rights to prevent the enlargement or dilution of your rights thereunder. 
  
 7. You will not have any rights as a shareholder with respect to the shares of Common Stock issuable hereunder until you have been issued a stock
certificate for such shares. It is the intention of the parties that the Company’s obligations under your share rights are unfunded for purposes of the Internal Revenue Code and that the Employee Retirement Income Security Act of 1974 does not
apply to your share rights. 

 Garth Saloner 
 October 22,
2003 
 Page 3 
  
 8. The Compensation Committee, may, in its discretion, modify or waive any or all of the terms, conditions or restrictions hereof, provided, however, that
no such modification or waiver may, without your consent, adversely affect your rights hereunder. 
  
 9. The Compensation Committee has full authority to administer the Plan, including authority to interpret and construe any provision thereof and hereof
and to adopt such rules and regulations for administering the Plan as it may deem necessary. Decisions of the Compensation Committee are final and binding on all persons who have an interest in the Plan. 
  
 10. This agreement does not constitute a contract of service. Neither the
grant of this share right, nor any action taken under the terms of this share right or the Plan, nor any provision of this share right or the Plan will be construed to grant you the right to remain in the service of the Company (or any subsidiary or
parent of the Company) for any period of specific duration, and the ability of the Company (or any subsidiary or parent of the Company retaining your services) or you to terminate your services shall be unaffected by this agreement. 
  
 If the foregoing is satisfactory, please sign, date and return the enclosed
copy of this letter to me. 
  

	
	 Very truly yours,

	
	 /s/ Elizabeth A. Fetter

	 Elizabeth A. Fetter

	 President and Chief Executive Officer

  

	
	 AGREED AND ACCEPTED:

	
	 /s/ Garth Saloner

	 Garth Saloner

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