Document:

Document

Exhibit 10.4

			
	FOURTH AMENDMENT AGREEMENT
	to the Master Sale and Purchase Agreement relating to
	the assets and companies comprising the
	KaVo Dental Business

Fourth Amendment Agreement
entered into on 30 September 2022 between
(1)Envista Holdings Corporation, a corporation organized under the laws of Delaware, USA, registered with the Delaware Register (Secretary of State) under 7034624 with business address 200 S. Kraemer Blvd. Bldg. E, Brea, California 92821, United States of America
– the "Seller Parent" –
(2)planmeca Verwaltungs GmbH, a limited liability company organized under the laws of Germany, registered with the commercial register of the local court of Hamburg under HRB 160729 with business address Hermannstraße 13, 20095 Hamburg, Germany
– the "Purchaser" –
(3)Planmeca Oy, a stock corporation incorporated under the laws of Finland, registered with the Finnish trade register (kaupparekisteri) under business ID 0112773-2 with business address Asentajankatu 6, 00880 Helsinki, Finland
– the "Guarantor" –

– the Seller Parent, the Purchaser and the Guarantor are hereinafter collectively referred to as the "Parties" and individually as a "Party" –

    2 / 10

RECITALS
(A)WHEREAS, the Parties entered into a certain master sale and purchase agreement relating to the assets and companies comprising the KaVo Dental Business dated 6th and 7th September 2021 (roll of deeds no. H 3751/21 of the notary public Sebastian Herrler, Munich, Germany) (the "Initial SAPA") as amended by a first amendment agreement dated 30 December 2021 (roll of deeds no. H 5806/21 of the notary public Sebastian Herrler, Munich, Germany) (the "First SAPA Amendment"), by a second amendment agreement dated 30 April 2022 (the "Second SAPA Amendment") and by a third amendment agreement dated 29 July and 3 August 2022 (the "Third SAPA Amendment", and together with the First SAPA Amendment and the Second SAPA Amendment the "SAPA Amendment Agreements"). The Initial SAPA as amended by the First SAPA Amendment, the Second SAPA Amendment, the Third SAPA Amendment and as further amended from time to time shall be referred to as the "SAPA". All capitalized terms used but not defined herein shall have the meaning ascribed to them in the SAPA. 
(B)WHEREAS, Closing of the transactions contemplated under the SAPA has occurred on 31 December 2021, except for certain Deferred Local Closings in the Relevant Jurisdictions as agreed in the First SAPA Amendment. The Deferred Local Closing in Russia has occurred on 30 April 2022. 
(C)WHEREAS, the only pending local closings are thus the Deferred Local Closings in Brazil and China ("Pending Local Closing(s)").
(D)WHEREAS, it is agreed between the Parties that all (i) inventories and (ii) receivables and possibly further positions comprised by the Sold Assets Brazil (as defined below) to be transferred in Brazil will most likely be transferred to a third party acquirer not being part of Purchaser's corporate group.
(E)WHEREAS, the Seller Parent has received from the Purchaser Revised Closing Date Statements on 29 May 2022 and the Seller Parent has issued an objection notice in relation to the Revised Closing Date Statements to the Purchaser on 10 June 2022. 
(F)WHEREAS, while the Parties had laid out their initial intentions for the payment mechanics of the Deferred Local Closing in Section 2.2 of the First SAPA Amendment, the Parties now intend to agree on the (i) Final Closing Date Statements (which shall be subject to a further adjustment as laid out in this Agreement), (ii) allocation of  the relevant portion of the Preliminary Purchase Price only to the Entire Sold Assets in Brazil, China and Germany and (iii) payment procedures with regard to the adjustment and payment of the Final Local Purchase Price Brazil (as defined below) and the Final Local Purchase Price China (as defined below). 
3 /9

NOW, THEREFORE, the Parties agree as follows:
1Final Closing Date Statements
Irrespective of section 15.4 of the Initial SAPA and irrespective of any previous discussions between the Parties, the Parties agree that the Closing Date Statements as attached to this Agreement as Exhibit 1 shall - subject to the Post Final Adjustment Rules (as defined below) - become final and binding on the Parties and therefore shall be deemed the Final Closing Date Statements.
2Sold Assets regarding Brazil and China
2.1As regards the Entire Sold Assets relating to Brazil ("Sold Assets Brazil"), the Sold Assets Brazil with value as of the date of actual transfer and assumption shall be relevant for the sale and transfer of the respective Sold Assets and for the assumption of the respective Assumed Liabilities, Assumed Agreements and transfer of the Business Employees. The Parties assume that, as of 31 July 2022, the purchase price for all Sold Assets, Assumed Liabilities (except for the Transferred Litigation), Assumed Agreements and Transferred Employees that need to be transferred according to the relevant provisions of the SAPA in Brazil amounts to USD 2,475,598.00 of the Preliminary Purchase Price with respect to the Sold Assets Brazil ("Allocated Purchase Price Brazil"), provided that the Allocated Purchase Price Brazil shall be comprised as follows: (i) an amount of USD 1,684,735.00 will be allocated to the respective Fixed Assets and Current Assets and an amount of USD 790,863.00 will be allocated to the receivables as set forth in Section 8.1.2 of the Initial SAPA (to the extent not excluded pursuant to Section 8.2 of the Initial SAPA) and (ii) an amount of USD 0.00 will be allocated to the respective Assumed Liabilities, excluding any liabilities allocated to the Transferred Litigation. For the avoidance of doubt, Section 9.5 of the Initial SAPA shall apply for the Transferred Litigation. 
2.2As regards the Entire Sold Assets relating to China ("Sold Assets China"), the Sold Assets China with value as of the date of actual transfer and assumption shall be relevant for the sale and transfer of the respective Sold Assets and for the assumption of the respective Assumed Liabilities, Assumed Agreements and transfer of the Business Employees. The Parties assume that, as of 31 December 2021, all Sold Assets, Assumed Liabilities, Assumed Agreements and Transferred Employees that need to be transferred according to the relevant provisions of the SAPA in China amounts to USD 309,253 with respect to the Sold Assets China based on such current estimate of the respective part of the Entire Sold Assets ("Allocated Purchase Price China").
2.3The Parties agree that the allocation of the Purchase Price under the SAPA shall be updated in a new Exhibit once the Deferred Closing in Brazil and China has occurred and such new Exhibit shall replace Exhibit 1 of the Third SAPA Amendment, provided that the Seller Parent shall ensure that the Share Seller in Germany, and the Purchaser itself enter into a certain amendment agreement to the KaVo Dental Share Sale and Transfer Agreement for Germany reflecting the Preliminary Purchase Price allocated to Germany pursuant to such new Exhibit, which shall, for the avoidance of doubt, not result in any additional payments between the Share Seller in Germany and the Share Purchaser in Germany.
4 /9

3Post Final Adjustment on the Final Closing Date Statements
3.1As regards the Pending Local Closings and considering the current estimates of the Sold Assets Brazil and the Sold Assets China, the Parties agree as follows (the "Post Final Adjustment Rules"):
3.1.1All figures contained in the Final Closing Date Statements relating to Brazil and/or China shall be deemed not to be final, but to be subject to a final adjustment made after the respective Pending Local Closing has occurred.
3.1.2Regarding the Pending Local Closings, Section 15 of the Initial SAPA (including, for avoidance of doubt, also Section 15.4 of the Initial SAPA) shall apply mutatis mutandis, whereas Seller Parent shall procure that a detailed list outlining the Sold Assets Brazil ("Transferred Assets Brazil") and/or the Sold Assets China ("Transferred Assets China", and together with the "Transferred Assets Brazil", the "Transferred Assets Pending Closings") with a valuation of such date of the Transferred Assets Pending Closings in USD, considering an exchange rate, if necessary, as of 31 December 2021, will be prepared within thirty (30) Business Days following the respective Pending Local Closing and the Parties will, without undermining any of the rights granted to one of the Parties according to Section 15 of the Initial SAPA, use their best efforts to mutually agree on the calculation and amount of the respective purchase price for the Sold Assets Brazil and/or the Sold Assets China.
3.1.3For clarification purposes: If a Pending Local Closing does not occur on one specific date but is carried out successively, the Transferred Assets Pending Closings will be comprised by such valuation considering their USD-value at the time of transfer to the respective Asset Purchaser (or, with respect to the Sold Assets Brazil, any other third party the Parties had agreed on in writing). For the avoidance of doubt, this also applies to the Transferred Assets Brazil, which may be transferred to a third party acquirer not being part of Purchaser's corporate group. The Parties agree that, in case the Sold Assets Brazil are transferred to a third party and such third party rejects and/or refuses transfer of some of the Sold Assets Brazil to it, the Purchaser remains liable for and shall pay to the Seller Parent the full purchase price for the Transferred Assets Brazil.
3.2The final purchase price of the Entire Sold Assets in Brazil as of the date of actual transfer and assumption of the Sold Assets Brazil as determined pursuant to Section 3.1 above (as the case may be, after the rights pursuant to Section 15 of the Initial SAPA have been exercised mutatis mutandis) shall be the "Final Local Purchase Price Brazil". The final purchase price in relation to the Entire Sold Assets in China as of the date of actual transfer and assumption of the Sold Assets China as determined pursuant to Section 3.1 above (as the case may be, after the rights pursuant to Section 15 of the Initial SAPA have been exercised mutatis mutandis) shall be the "Final Local Purchase Price China".

5 /9

3.3If the Final Local Purchase Price Brazil or the Final Local Purchase Price China, as the case may be, is (i) higher than the Allocated Purchase Price Brazil or the Allocated Purchase Price China, as the case may be, the Purchaser shall pay to the Seller Parent an amount equal to the respective excess amount, or (ii) lower than the Allocated Purchase Price Brazil or Allocated Purchase Price China, as the case may be, the Seller Parent shall pay to the Purchaser an amount equal to the respective shortfall. 
4Payment Modalities, No Double Dip or Windfall Profit
4.1The Parties acknowledge that the (Preliminary) Purchase Price as well as any adjustment payment to the Preliminary Purchase Price resulting from the adjustment pursuant to Section 14 of the Initial SAPA shall be made between the Seller Parent and the Purchaser. In case that local law requires for any payment to be made between the respective Asset Seller in Brazil and/or China and the respective Asset Purchaser (or, with respect to the Sold Assets Brazil, the potential third party purchaser) in Brazil and/or China in connection with the Pending Local Closings, this shall not result in any additional payment to the (Preliminary) Purchase Price already paid, any double dip or other windfall profit and, the Parties mutually agree that: 
4.1.1any payment obligation, if any, directly between the respective Asset Seller in Brazil and/or China and the respective Asset Purchaser (or, with respect to the Sold Assets Brazil, the potential third party purchaser) in Brazil and/or China, shall, if required, be calculated and executed in the respective local currency and shall be executed, unless otherwise agreed between the respective Asset Seller in Brazil and/or China and the respective Asset Purchaser in Brazil and/or China, within fifteen (15) Business Days after the Local Closing Date in accordance with the terms of this Agreement; and
4.1.2in case any local payment is made with respect to the Sold Assets Brazil or the Sold Assets China (for clarification: irrespective whether made by Purchaser, an Asset Purchaser or any third party purchaser with respect to the Sold Brazilian Assets and irrespective whether received by the respective Asset Seller or any other Affiliate(s) of the Seller Parent) (each a "Local Payment"), the Seller Parent undertakes to pay to the Purchaser, in USD (and, if the respective Local Payment is not performed in USD, based on the exchange rate published by Bloomberg as of the respective date of such respective Local Payment, an amount equal to any amount received by such payment within fifteen (15) Business Days after receipt of the respective amount of such payment. For the avoidance of doubt, with this provision the Parties intend to agree on a refund of any payments that would lead to a double dip or windfall profit relating to the Purchase Price.

6 /9

4.2For the avoidance of doubt, except for the clarifications made with respect to the allocation of the portions of the Preliminary Purchase Price to Brazil, China and Germany and the clarifications regarding payment modalities with respect to the Pending Local Closings, and as specifically varied and modified by this Agreement and the SAPA Amendment Agreements, all remaining provisions, terms and conditions of the SAPA shall not be amended by this Agreement and remain in full force and effect, in particular, the amount of the Preliminary Purchase Price shall not be adjusted by this Agreement.
4.3All payments under or in connection with this Agreement shall be made by irrevocable wire transfer of immediately available funds, free of bank and other charges. Any such payment shall be deemed made only upon the irrevocable and unconditional crediting of the amount payable (without deduction of any costs or charges) to the relevant bank account of the receiving Party.
5Sales Process in Brazil
5.1The Purchaser shall, with the consent of the Seller Parent, have the right to sell, transfer and assign the Sold Assets Brazil to a third-party purchaser and the Seller Parent intends, at its sole discretion, to arrange for the Asset Seller in Brazil to execute the documentation required to be executed to reflect the sale, transfer and assignment of the Sold Assets Brazil to a third-party purchaser provided that (i) the Purchaser shall remain liable to the Seller Parent for the purchase price payment with respect to the acquisition and transfer of the respective Sold Assets and for the assumption of the respective Assumed Liabilities, Assumed Agreements and transfer of the Business Employees in Brazil in accordance with the Initial SAPA and (ii) the Purchaser shall indemnify and hold harmless the Seller Parent for any claims made by the third-party purchaser against the Seller Parent or the Asset Seller in Brazil from, in connection with or arising out of the sale of the Sold Assets Brazil and/or the Sold Assets Brazil. 
5.2The Parties agree that the sale, transfer and/or assignment of the Sold Assets and the respective Assumed Liabilities, Assumed Agreements and the Business Employees in Brazil to a third party by the Seller Parent, and/or the respective Asset Seller of the Sold Assets Brazil, shall also fulfill the obligations by the Seller Parent, and/or the respective Asset Seller of the Sold Assets Brazil, towards the Purchaser with respect to the Sold Assets Brazil under the SAPA; as well as, correspondingly, the respective obligations by the Purchaser (excluding with respect to the liabilities allocated to the Transferred Litigation, it being understood that, for the avoidance of doubt, Section 9.5 of the Initial SAPA shall remain to apply for the Transferred Litigation) towards the Seller Parent. 

7 /9

6Miscellaneous
6.1To the extent legally permissible, the Purchaser shall bear all transfer Taxes, stamp duties, fees, registration duties and other charges in connection with any regulatory requirements and other charges and costs payable in connection with the execution of this Agreement and the consummation of the transaction contemplated hereby. Seller Parent and Purchaser shall each bear their own costs and expenses in connection with the preparation, conclusion and performance of this Agreement including any professional fees, charges and expenses of their respective advisors. 
6.2Sections 8.4 through 8.7 of the First SAPA Amendment shall apply to this Agreement mutatis mutandis.
[Signature pages follow.]

8 /9

						
	Envista Holdings Corporation,
represented by

	Signature:	/s/ Dr. Sebastian Hafele                             
	Name:	Dr. Sebastian Häfele
	Position:	Acting by virtue of power of attorney from Envista Holdings Corporation dated 28 July 2021
	planmeca Verwaltungs GmbH,
represented by

	Signature:	/s/ Markus Maier                                                
	Name:	Mr. Markus Maier
	Position:	Acting by virtue of power of attorney from planmeca Verwaltungs GmbH dated 21 December 2021
	Planmeca Oy,
represented by

	Signature:	 /s/ Markus Maier                                               
	Name:	Mr. Markus Maier
	Position:	Acting by virtue of power of attorney from Planmeca Oy dated 21 December 2021

9 /9Document

Exhibit 10.1

APPIAN CORPORATION EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (“Agreement”) is made by and between APPIAN CORPORATION, a Delaware corporation, and its affiliates, successors, assigns and agents (“Appian” or “Company”), and Christopher Jones  (“you” and all similar references or “employee”) (collectively, the “parties”) in consideration of employee’s at-will employment relationship with Appian.

1.         Employment.  By accepting employment with Appian, you agree: (a) to devote your professional time, best efforts, attention and energies to Appian’s business and to refrain from outside employment or professional practice other than on account of or for the benefit of Appian (unless Appian consents in writing to such outside work); (b) to perform any and all work assigned to you by Appian faithfully and at such times and places as Appian designates; (c) to abide by all policies of Appian, both current and future; and (d) that you are not currently bound by any agreement that could prohibit or restrict you from being employed by Appian or from performing any duties under this Agreement.

2.         Compensation and Benefits.  Upon the commencement of your employment, Appian will pay you as provided in your offer letter (or as otherwise agreed in writing), payable in accordance with its normal payroll practices.  From time to time, Appian may adjust your salary and other compensation at its discretion.  During your employment, if you meet the minimum requirements of Appian’s plans, you will be eligible to participate in any employee compensation or benefit plans (including group health and 401(k)), incentive award programs, and to receive other fringe benefits that Appian may decide to make available to you.  Appian may add, amend or discontinue any of its plans, programs, policies and procedures at any time for any or no reason with or without notice.

3.         Restrictive Covenants.  You further understand that Appian invests significant resources in the training and development of its employees.  Therefore, in light of this, you agree to the following restrictions which are reasonably designed to protect Appian’s legitimate business interests without unreasonably restricting your ability to seek or obtain work upon voluntary or involuntary termination of your employment with Appian:

3.1       Prohibition on Competition.  During your employment with Appian and for a period of twelve (12) months from the date your employment with Appian terminates, you shall not, within the United States of America, directly or indirectly, provide, aid or assist any other person or entity in providing Similar Products or Services for or on behalf of any Named Company in the same or similar functional capacity as you did for Appian. This provision shall not be construed to prevent you from obtaining employment with any person or entity that provides Similar Products or Services, so long as your new endeavor does not violate the above-stated prohibition.

3.2       Covenant Not to Solicit or Perform Services for Customers or Prospective Customers.  During your employment with Appian and for a period of eighteen (18) months from the date your employment with Appian terminates, you agree not to contact, directly or indirectly, any Customer or Prospective Customer with whom you have had any written, electronic, verbal, or other contact on behalf of Appian, to sell, market, render or provide Similar Products or Services.

3.3       Covenant Not to Perform Services for Appian’s Business Partners.  During your employment with Appian and for a period of twelve (12) months from the date your employment with Appian terminates, you agree not to provide, directly or indirectly, Similar Products or Services for or on behalf of any of Appian’s Business Partners.

3.4       Restriction on the Solicitation of Appian’s Employees.  During your employment with Appian, and for a period of twelve (12) months from the date your employment with Appian terminates, you agree not to, directly or indirectly, induce or solicit any Appian employee to terminate his or her employment or to seek or accept any employment with any other business entity.

3.5       Prohibition from Employing or Retaining Appian’s Employees.  During your employment with Appian and for a period of twelve (12) months from the date your employment with Appian terminates, you agree not to retain, hire or employ, directly or indirectly, any Appian employee who was employed by Appian on your termination date, or during the twelve (12) months preceding your termination date.

3.6       Definitions.  For the purpose of this Section of the Agreement, the following definitions shall apply:
3.6.1    “Similar Products or Services” shall include (i) any Low-Code software development Platform, Business Process Management software, Case Management software, Application 

Exhibit 10.1

Platform as a Service, or workflow software product, whether sold as an on-premise, hosted, or Software-as-a-Service offering; (ii) e-procurement systems; and (iii) any services pertaining to the implementation of such software technologies described in items 3.6.1(i)-3.6.1(ii) above.

3.6.2    “Customer” means any entity for which Appian has performed Services during your employment with the Company.

3.6.3    “Named Company” shall include any one of the companies listed in Exhibit A. At any time during the Specified Periods, in any year that this agreement is in effect, Appian may modify or replace companies listed in Exhibit A, at Appian’s sole discretion; however, Appian must, in good faith, believe that all companies listed in Exhibit A are competitors of Appian. At any time, you may request a copy of Exhibit A from Appian’s legal department.

3.6.4    “Specified Period” means one of the following quarterly two week periods:  January 1 through January 15; April 1 through April 15; July 1 through July 15; and October 1 through October 15.

3.6.5    “Prospective Customer” means any entity that is not a Customer but with respect to whom, within twelve (12) months from your termination date, you conducted, prepared, submitted (or assisted or supervised such conduct) any proposal, client development work product or marketing efforts on behalf of Appian.

3.6.6    The term “Business Partner” means any entity that had a contractual agreement with Appian during your employment with the Company to engage in joint marketing and/or sales efforts, professional services (as a prime contractor or subcontractor), or as a re-seller of the Company’s software.

3.6.7    The term “induce” means the act or process of enticing or persuading another person to take a certain course of action.

3.6.8    The term “solicit” means the act or process of obtaining by entreaty, persuasion, or application, formal or otherwise, a certain course of conduct.

3.7       Reasonableness of Restrictions.  You agree that the restrictions set forth in this Section are reasonable, proper and no greater than necessary to protect the legitimate business interest of Appian and do not constitute an unlawful or unreasonable restraint upon your ability to earn a livelihood.  In the event that any term set forth above including, but not limited to, the duration of the restraint or the geographic scope, is held unenforceable by court of competent jurisdiction, the parties agree that the unenforceable term may be reduced or modified by the court of competent jurisdiction.

3.8       Waiver. Any of the provisions listed in Sections 3.1 – 3.5 above may be waived in advance only with the express written consent of the CEO of Appian Corporation.

4.         Employee Representations.  You represent and warrant that you have the legal ability to perform your duties for Appian and that your employment does not violate the terms of any agreement, whether written or otherwise, including but not limited to any non-compete agreement, that would limit or impair your ability to perform your duties. You further represent and warrant that you will not use any confidential or proprietary information from a prior employer, or any other third party.

5.         Nondisclosure of Confidential Information.  You acknowledge that all information related to the business of Appian that is not in the public domain, nor available from sources other than Appian is considered Confidential.  For the purpose of this Agreement, Confidential Information also includes Appian’s Trade Secrets and/or Proprietary Information and Confidential Information of third parties provided to Appian under terms of a confidentiality or nondisclosure agreement.

For the purpose of this Agreement, the definition of a “Trade Secret” shall be congruent with the Virginia Uniform Trade Secret Act, Virginia Code Section 59.1-336(4). “Proprietary Information” includes, but is not limited to, the following types of information (whether or not reduced to writing): Appian’s fees, rates, sales data, customer lists, discoveries, inventions, concepts, software in various states of development and related documentation, design sheets, design data, drawings, design specifications, techniques, consulting or development methodologies, models, source code, object code, documentation, diagrams, flow charts, research, development, processes, training materials, templates, procedures, “know-how,” tools, client identities, client accounts, web design needs, client advertising needs and history, client reports, client proposals, product information and reports, accounts, billing 

Exhibit 10.1

methods, pricing, data, sources of supply, business methods, production or merchandising systems or plans, marketing, sales and business strategies and plans, finances, operations, and information regarding employees.  Notwithstanding the foregoing, information publicly known that is generally employed by the trade at or after the time you first learn of such information (other than as a result of your breach of this Agreement) shall not constitute Proprietary Information.

You agree to hold Confidential Information in the strictest of confidence and further agree not to release, divulge, misappropriate, publish or communicate Confidential Information to any person or entity outside of Appian without the express written consent of Appian’s CEO or his express designee.  You understand that the obligations contained in this Section are effective upon your first day of employment, or earlier (if you receive Confidential Information sooner), and shall survive the expiration of this Agreement, regardless of the reason your employment with Appian is terminated.  Furthermore, nothing contained in this Section of the Agreement is designed to waive its statutory rights to seek relief pursuant to the Virginia Trade Secrets Act, Virginia Code Section 59.1-336 et seq.

6.         Inventions.  For the purposes of this Agreement, "Inventions" mean any concepts, ideas, processes, designs, specifications, improvements, discoveries or other developments, whether or not reduced to practice or patentable, that you conceive or create, in whole or in part, alone or jointly with others, during your employment by the Company, whether during normal work hours or otherwise, if such Inventions meet one of the following conditions (i) the Inventions directly relate to the Company's business (including without limitation the Company's present or contemplated products and research) or to tasks assigned to you by or on behalf of the Company or (ii) the Inventions are written or developed using any of the Company's equipment, facilities, materials, trade secrets, labor, money, time or other resources.  "Inventions" also shall be deemed to include any concepts, ideas, processes, designs, specifications, improvements, discoveries or other developments, whether or not reduced to practice or patentable, that you conceive or create within ninety (90) days after your employment with the Company ends that directly relate to the Company's business as conducted prior to the date your employment ended or to any tasks assigned to you by or on behalf of the Company at any time during the last two (2) years of your employment by the Company.  “Inventions” do not include any concepts, ideas, processes, designs, discoveries or other developments reduced to practice prior to joining Appian.

6.1       Assignment of Inventions. You agree that all Inventions are the sole and exclusive property of the Company and hereby assign to the Company all right, title and interest in all Inventions.

7.         Termination and Resignation.  Your employment is terminable at-will.  That means that you or Appian may terminate your employment relationship at any time, for any reason or no reason at all.  Except as set forth below, in the event that you terminate your employment, you will be entitled to earned and unpaid salary, less required and authorized withholdings and deductions, through your last day of employment. Regardless of the basis of your termination of employment, you agree to provide all assistance requested by Appian in transitioning your duties, responsibilities, clients and other Appian relationships to other Appian personnel, both during your employment and after your termination or resignation.  Furthermore, you agree to cooperate with Appian from time to time as necessary concerning matters that may have arisen during the course of your employment with Appian.  Such cooperation is an express condition of this Agreement.

7.1       Change in Control Severance.  If Appian experiences a Change in Control (as defined in Exhibit B), and Appian terminates your employment without cause or you terminate your employment for Good Reason (as defined in Exhibit B) within one year of such Change in Control, you will receive the following severance  from Appian: 

(i)   Base Salary Severance. You will receive continuing payments of severance at a rate equal to your base salary rate, less applicable tax withholdings, as in effect immediately prior to your termination of employment or, if greater, as in effect immediately prior to the Change in Control, for six (6) months (“Severance Period”) from the date of such termination of employment, to be paid periodically in accordance with Appian’s normal payroll policies.

(ii)  Equity. With respect to any stock options, restricted stock units, or other form of equity allowed by Appian’s equity plans (“Unvested Equity”) held by you that are unvested at the time of termination, such Unvested Equity shall immediately vest and settle not later than 60 days after the date of your termination.

(iii)      Continued Employee Benefits. If you elect continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for you and your eligible dependents (as applicable), within the time period prescribed pursuant to COBRA, Appian will reimburse you for, or pay directly on your behalf, the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to your termination of employment) until the earlier of (A) the end of the Severance Period, or (B) the date upon which you and/or your eligible dependents becomes covered under similar plans. 

Exhibit 10.1

 7.2       The severance provided in subsection 7.1 shall have the following contingencies: 

(i)    Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to you signing and not revoking a separation agreement and release of claims in a form acceptable to Appian (the “Release”), which must become effective and irrevocable no later than the twenty-first (21st) day following your termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, you will forfeit any right to severance payments or benefits under this Agreement. No severance payments and benefits under this Agreement will be paid or provided until the Release becomes effective and irrevocable, and any such severance payments and benefits otherwise payable between the date of your termination of employment and the date the Release becomes effective and irrevocable will be paid on the date the Release becomes effective and irrevocable. 

(ii)  Non-Compete, Non-Solicitation, Confidential Information and Invention Assignment Agreements. Your receipt of any payments or benefits under Section 7.1 and 7.2 will be subject to you continuing to comply with Sections 3, 5 and 6 of this Agreement.  Any breach of those terms shall result in your immediate forfeiture of all severance benefits. 

8.         Return of Company Materials.  Upon the termination of your employment with Appian, regardless of the basis of the termination, you shall promptly deliver to Appian any of the following items or materials: any laptop or personal computer issued to you, or paid for, by Appian; any material, in any form whatsoever, that constitutes Appian’s Confidential Information, Trade Secret and/or Proprietary Information; the Employee Handbook; the Consulting Best Practices Book (“CBP”); and any other material that is the property of Appian Corporation or Appian Corporation’s customers, including, but not limited to, books, key cards, passes, and other material.  You agree that, to the extent permissible by law, Appian may withhold payment of any compensation or reimbursements until you return all such Appian materials.

9.         Authority Limited.  It is expressly agreed that you shall have no right or authority at any time to make any contract or binding promise of any nature on behalf of Appian, without Appian’s express written consent except within established duties of your employment.

10.       Assignment and Survival.  The rights and obligations of Appian under this Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns of Appian.  Your rights and obligations are personal and may not be assigned or delegated without the Company’s proper written consent.  However, if you become deceased prior to the expiration of this Agreement, any sums that may be due to you as of the date of your death shall be paid to your executor, administrator, heirs, personal representative, successors or assigns.  Furthermore, it is expressly understood that the obligations under Sections 3, 4, or 5 of this Agreement shall survive any termination of this Agreement.

11.       Remedies.  You acknowledge that the damages Appian will suffer as a result of your breach of any provision of Sections 3, 4, or 5 of this Agreement may be impossible to reasonably calculate and that violation of this Agreement will irreparably harm Appian. Accordingly, you agree that Appian will be entitled, in addition to all other rights and remedies that may be available, to obtain injunctive relief enjoining and restraining you from committing a breach of this Agreement.  You also agree that in the event Appian is successful in whole or in part in any legal action against you under this Agreement, Appian will be entitled to recover all costs, including reasonable attorney fees from you.

12.       Severability.  If any provision of this Agreement is held invalid or unenforceable for any reason, the invalidity shall not nullify the validity of the remaining provisions of this Agreement.  If any provision of this Agreement is determined by a court to be overly broad in duration, geographical coverage or scope, or unenforceable for any other reason, such provision will be narrowed so that it will be enforced as much as permitted by law.

13.       Choice of Law.  The laws of the Commonwealth of Virginia shall govern this Agreement. You and Appian consent to the jurisdiction and venue of any state or federal court in the Commonwealth of Virginia.

14.       Waiver.  Any party’s waiver of any other party’s breach of any provision of this Agreement shall not waive any other right or any future breaches of the same or any other provision.  Appian’s CEO may, in his or her sole discretion, waive in writing any provision of this Agreement.

15.       Notices.  Any notices, requests, demands or other communications provided for in this Agreement shall be in writing and shall be given either manually or by certified mail. Notice to Appian shall be addressed to Human 

Exhibit 10.1

Resources.  Notice to you shall be addressed to the last address you have filed with Human Resources.  You may change your address by providing written notice in accordance with this Section.  If you fail to keep Appian informed of your most recent address, you agree to waive any claim against Appian related to any damage you may suffer as a result of Appian failing to provide you with a notice under this or any other Agreement you may have with Appian.

16.       Entire Agreement.  This Agreement is the entire agreement between you and Appian regarding these matters and supersedes any verbal and written agreements on such matters.  This Agreement may be modified only by a written agreement signed by you and Appian’s CEO.  All Section headings are for convenience only and do not modify or restrict any of this Agreement’s terms.

17.       Counterparts.  For convenience of the parties, this Agreement may be executed in one or more counterparts, each of which shall be deemed an original for all purposes.

The parties state that they have read, understood and agree to be bound by this Agreement and that they have had the opportunity to seek the advice of legal counsel before signing it and have either sought such counsel or have voluntarily decided not to do so:

						
	APPIAN CORPORATION	EMPLOYEE
		
	 By: /s/ Susan Charnaux           	 By: /s/ Chris Jones           
	Date: October 14, 2022	Date: October 14, 2022

Exhibit 10.1

Employment Agreement
Exhibit A

Named Companies:

1.   BizAgi
2.   Nintex
3.  Pegasystems, Inc.     
4.  Salesforce.com     
5.  Service Now     
6.  Outsystems     
7.   Mendix     
8.   Unqork, Inc.     
9.   Microsoft     
10.   Celonis
11.   UI Path

 

Exhibit 10.1

Exhibit B Additional 
Definitions 

 “Change in Control” means the occurrence of any of the following: 
 (i)        A change in the ownership of Appian that occurs on the date that any one person or entity, or more than one person or entity acting as a group (“Person”), acquires ownership of the stock of Appian or that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Appian, provided that such Person is not Matthew Calkins; or 

(ii)       A change in the effective control of Appian that occurs on the date that a majority of members of the Board (each, a “Director”) of Appian is replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election, except where such replacement of the Directors is as a result of Matthew Calkins voting a majority of Appian’s shares in favor of such replacement. For purposes of this subsection (ii), if any Person is considered to be in effective control of Appian, the acquisition of additional control of the Parent by the same Person will not be considered a Change in Control; or 
(iii)      A change in the ownership of a substantial portion of Appian’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from Appian that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion of Appian’s assets: (A) a transfer to an entity that is controlled by Appian’s stockholders immediately after the transfer, or (B) a transfer of assets by Appian to: (1) a stockholder of Appian (immediately before the asset transfer) in exchange for or with respect to Appian’s stock, (2) an entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by Appian, (3) a Person, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of Appian, or (4) an entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of Appian, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.  

For purposes of this definition of Change in Control, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company or Parent.

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Internal Revenue Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time. 

Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the state of Appian’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held Appian’s securities immediately before such transaction.

“Good Reason” shall mean:
(i)        a diminution in your base compensation or target bonus below the amount as of the date of this Agreement or as increased during the course of his employment with Appian, if the material diminution in your base compensation occurs within (A) 60 days prior to the consummation of a Change in Control where such Change in Control was under consideration at the time of your termination or (B) twelve (12) months after the date upon which such a Change in Control occurs;

(ii)       a material diminution in your title;

(iii)      a requirement that you move your primary residence as a condition of your employment; or

Exhibit 10.1

(iv)      any action or inaction that constitutes a material breach by Appian of this Agreement; provided, however, that for you to be able to terminate your employment with Appian on account of Good Reason, you must provide notice of the occurrence of the event constituting Good Reason and your desire to terminate your employment with Appian on account of such within ninety (90) days following the initial existence of the condition constituting Good Reason, and Appian must have a period of thirty (30) days following receipt of such notice to cure the condition. If Appian does not cure the event constituting Good Reason within such thirty (30) day period, your termination shall be effective the day immediately following the end of such thirty (30) day period, unless Appian provides for an earlier termination.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}]]