Document:

Exhibit 10.13

 

October 11, 2004

 

 

John
Laskey

11
Vista Lesina

Newport
Coast, CA 92657

 

 

Dear John:

 

On behalf of MSC.Software Corporation, I
am pleased to offer you the position of Senior
Vice President, CFO.  This
position reports to Frank Perna,
Chairman and CEO, and is located
in Santa Ana, CA.

 

We are offering you a base salary of $250,000.00 annually, paid
semi-monthly.  In addition to your base
salary, you will be eligible to participate in the Executive Bonus Program that
is targeted at 50% of your base salary.

 

As part of your overall compensation
package, you will receive stock options covering 150,000 shares of MSC.Software
common stock, granted upon Board approval (such options to have a per share
exercise price equal to the fair market value of a share of our stock on that
date). Additionally, as a continuing MSC executive, you will receive a grant of
stock options covering 50,000 shares of MSC.Software common stock upon the 1st
anniversary of your start date (such options to have a per share exercise price
equal  to the fair market value of a
share of our stock on that date).

 

You will also be granted, upon Board
approval, a one-time special right to purchase 100,000 shares of restricted
MSC.Software common stock at a per share price of $7.00, such right exercisable
only for 10 business days after your start date.  As Frank mentioned, we hope you would
purchase at least half of the special grant during that period.  The options will be subject to the terms and
conditions of the MSC.Software Corporation 2001 Stock Option Plan and the terms
and conditions of a stock option agreement to be prepared by MSC.Software
(which will be in substantially the form of stock option agreement currently
used by MSC.Software with respect to employee stock

 

 

option grants under such plan).  (Such terms and conditions include, without
limitation, vesting requirements, termination provisions, and adjustment
provisions with respect to stock splits and similar events).  Your restricted stock purchase right will be
subject to the terms and conditions of a restricted stock purchase agreement to
be prepared by MSC.Software (which will include customary investment
representations and a 1-year cliff vesting requirement pursuant to which
MSC.Software will have the right to repurchase (at the lower of the price you
pay for the shares or the then fair market value of the shares) the shares if
your employment terminates for any reason before the first anniversary of your
hire date.

 

You are eligible to receive Executive
Company Benefits, (including medical, deferred compensation, and participation
in our Auto allowance program) as in effect from time to time.  Your monthly auto allowance will be $1080.00
per month.

 

The proposed start date for this position
is Monday, October 18, 2004.
Please signify your acceptance of our offer by signing the enclosed copy of
this letter and faxing it to me at 714-784-4289.  Please also mail a copy of the signed
originals to me. This offer is valid until the close of business Wednesday, October 13, 2004.

 

By accepting
this position with MSC.Software, you represent MSC.Software that: (1) the
execution and delivery of this letter agreement by you and MSC.Software and the
performance by you of your duties for MSC.Software will not constitute a breach
of, or otherwise contravene, the terms of any other agreement or policy to
which you are a party or otherwise bound; (2) that you have no information
(including, without limitation, confidential information and trade secrets) of
any other person or entity which you are not legally and contractually free
disclose to MSC.Software; (3) that you are not bound by any
confidentially, trade secret or similar agreement with any other person or
entity.

 

The United States Government requires
MSC.Software Corporation to verify your eligibility for U. S. employment and
identity.  Proof of citizenship or
immigration status and a valid Social Security card will be required upon
commencement of employment.  You will
also be required to sign and abide by a confidentiality and inventions
agreement in the form provided to you by MSC.Software.

 

Although we hope that our
relationship will be mutually rewarding, your employment with MSC.Software is “at-will”,
which means that either you or MSC.Software can terminate the employment relationship
at any time, with or without cause.  The “at-will”
nature of your employment cannot be changed or modified except in writing
signed by the Chief Executive Officer of MSC.Software. This letter agreement
contains all of the terms of your employment and supercedes all prior and
contemporaneous negotiations 

 

2

 

and agreements with
respect thereto.  There are no
representations, warranties, or other agreements with respect to your
employment except as expressly set forth herein.

 

We are looking forward to welcoming you
to the MSC.Software team.  Please feel
free to contact me at (714) 444-5152 if you have any questions.

 

	
  Sincerely,

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Rich Lander

  	
   

  
	
  Vice President,
  Human Resources

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Enclosures:

  	
  Benefits Summary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Offer Accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ John J.
  Laskey

  	
   

  	
  10/12/04

  	
   

  
	
  Signature

  	
  Date Signed

  
	
   

  	
   

  
	
   

  	
   

  
	
  Start Date:

  	
  10/18/04

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Cc: Frank Perna

  	
   

  
						

 

2Exhibit
10.14

 

EMPLOYMENT SEPARATION AND GENERAL
RELEASE AGREEMENT

 

This Employment
Separation and General Release Agreement (this “Separation Agreement”), is
entered into this 23rd day of September 2004 (the “Separation Date”), by and
between Louis A. Greco, an individual (“Greco”), and MSC.Software Corporation,
a Delaware corporation (“MSC”).

 

WHEREAS, Greco has been employed as an
Executive Vice President and the Chief Financial Officer and Corporate
Secretary of MSC; and

 

WHEREAS, Greco and MSC have mutually agreed
to terminate Greco’s employment relationship with MSC upon the terms set forth
herein;

 

NOW, THEREFORE, in consideration of the
covenants undertaken and the releases contained in this Separation Agreement and
the Consulting Agreement attached as Exhibit B hereto (the “Consulting
Agreement”), Greco and MSC agree as follows:

 

I.                                    Resignation.  Greco hereby resigns as an officer,
director, employee, member, manager and in any other capacity with MSC and each
of its affiliates, effective immediately as of the Separation Date first set
forth above.  Concurrently with the
execution of this Separation Agreement, Greco shall execute the letter attached
as Exhibit A hereto and promptly deliver such letter to MSC.  MSC and its affiliates hereby accept such
resignation.  Greco acknowledges and
agrees that he has received all amounts owed for his regular and usual salary
(including, but not limited to, any severance, overtime, bonus, commissions, or
other wages), usual benefits and accrued but unused vacation through the
Separation Date and that all payments due to Greco from MSC after the
Separation Date shall be determined under this Separation Agreement and the
Consulting Agreement.

 

II.                                Consulting Agreement.  Concurrently with the execution of this Separation
Agreement, and in consideration of the promises given and payments made
hereunder, Greco shall execute the Consulting Agreement attached as Exhibit
B hereto.

 

III.                            Severance Pay.  MSC shall pay as severance pay to Greco a
lump sum amount of Three Hundred Thousand Dollars ($300,000.00), less standard
withholding and authorized deductions (the “Cash Severance Payment”).  Such severance shall be paid within thirty
(30) days following Greco’s delivery of this fully executed Separation
Agreement to MSC.  In addition, during
the period (not to exceed eighteen (18) months) following the Separation Date
which MSC is required to provide continued medical coverage to Greco pursuant
to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), MSC shall
either pay or reimburse Greco for one hundred percent (100%) of Greco’s COBRA premiums
to continue for such period the same or reasonably equivalent medical coverage
for Greco (and, if applicable, Greco’s eligible dependents) as in effect
immediately prior to the Separation Date. 
For each such month, Greco shall also be entitled to continued
supplemental medical benefit coverage under MSC’s executive medical benefit
program.  Such severance payment and
benefits are for and in lieu of any other payments or benefits (and, except as
specifically provided herein, none shall accrue) beyond the Separation Date.  Greco specifically acknowledges and agrees
that he is 

 

1

 

entitled
to receive no severance pay or other benefits pursuant to any severance plan or
policy of MSC or any of its affiliates.

 

IV.                            Non-Disparagement.  Greco agrees that he shall not (1) directly
or indirectly, make or ratify any statement, public or private, oral or
written, to any person that disparages, either professionally or personally, MSC
or any of its affiliates, past and present, and each of them, as well as its
and their trustees, directors, officers, members, managers, partners, agents,
attorneys, insurers, employees, stockholders, representatives, assigns, and
successors, past and present, and each of them, or (2) make any statement or
engage in any conduct that has the purpose or effect of disrupting the business
of MSC or any of its affiliates.  MSC,
and its officers and directors, shall not, directly or indirectly, make or
ratify any statement, public or private, oral or written, to any person that
disparages, either professionally or personally, Greco.  Nothing in the preceding two sentences,
however, shall in any way prohibit Greco or MSC from disclosing such
information as may be required by law, or by judicial or administrative process
or order or the rules of any securities exchange or similar self-regulatory
organization applicable to such person.

 

V.                                Release.  Greco on behalf of himself, his descendants,
dependents, heirs, executors, administrators, assigns, and successors, and each
of them, hereby covenants not to sue and fully releases and discharges MSC and
each of its parents, subsidiaries and affiliates, past and present, as well as
its and their trustees, directors, officers, members, managers, partners, agents,
attorneys, insurers, employees, stockholders, representatives, assigns, and
successors, past and present, and each of them, hereinafter together and
collectively referred to as the “Releasees,” with respect to and from any and
all claims, wages, demands, rights, liens, agreements, contracts, covenants,
actions, suits, causes of action, obligations, debts, costs, expenses,
attorneys’ fees, damages, judgments, orders and liabilities of whatever kind or
nature in law, equity or otherwise, whether now known or unknown, suspected or
unsuspected, and whether or not concealed or hidden, which he now owns or holds
or he has at any time heretofore owned or held or may in the future hold as
against any of said Releasees, arising out of or in any way connected with his
service as an officer, director, employee, member or manager of any Releasee,
his separation from his position as an officer, director, employee, manager and/or
member, as applicable, of any Releasee, or any other transactions, occurrences,
acts or omissions or any loss, damage or injury whatever, known or unknown,
suspected or unsuspected, resulting from any act or omission by or on the part
of said Releasees, or any of them, committed or omitted prior to the date of
this Separation Agreement including, without limiting the generality of the
foregoing, any claim under Title VII of the Civil Rights Act of 1964, the
Americans with Disabilities Act, the Age Discrimination in Employment Act, the
Family and Medical Leave Act of 1993, the California Fair Employment and
Housing Act, the California Family Rights Act, or any claim for severance pay,
bonus, sick leave, holiday pay, vacation pay, life insurance, health or medical
insurance or any other fringe benefit, workers’ compensation or disability; provided
that such release shall not apply to (1) any obligation created by or arising
out of this Separation Agreement or the Consulting Agreement for which receipt
or satisfaction has not been acknowledged, (2) any right to indemnification
that Greco may have pursuant to MSC’s Bylaws with respect to any losses that
Greco may in the future incur with respect to his past service as an officer of
MSC, and (3) with respect to any such losses, any rights that Greco may have to
insurance coverage for such losses under any MSC directors and officers
liability insurance policy.

 

2

 

VI.                            1542 Waiver.  It is the intention of Greco in executing
this instrument that the same shall be effective as a bar to each and every
claim, demand and cause of action hereinabove specified.  In furtherance of this intention, Greco hereby
expressly waives any and all rights and benefits conferred upon him by the
provisions of SECTION 1542 OF THE CALIFORNIA CIVIL CODE and expressly consents
that this Separation Agreement shall be given full force and effect according
to each and all of its express terms and provisions, including those related to
unknown and unsuspected claims, demands and causes of action, if any, as well
as those relating to any other claims, demands and causes of action hereinabove
specified. SECTION 1542 provides:

 

“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.”

 

Greco acknowledges
that he may hereafter discover claims or facts in addition to or different from
those which Greco now knows or believes to exist with respect to the subject
matter of this Separation Agreement and which, if known or suspected at the
time of executing this Separation Agreement, may have materially affected this
settlement.  Nevertheless, Greco hereby
waives any right, claim or cause of action that might arise as a result of such
different or additional claims or facts. 
Greco acknowledges that he understands the significance and consequences
of such release and such specific waiver of SECTION 1542.

 

VII.                        ADEA Waiver.  Greco expressly acknowledges and agrees that
by entering into this Agreement, he is waiving any and all rights or claims
that he may have arising under the Age Discrimination in Employment Act of
1967, as amended, which have arisen on or before the date of execution of this Separation
Agreement.  Greco further expressly
acknowledges and agrees that:

 

A.                 In return for
this Separation Agreement, he will receive consideration beyond that which he
was already entitled to receive before entering into this Separation Agreement;

 

B.                 He is hereby
advised in writing by this Separation Agreement to consult with an attorney
before signing this Separation Agreement;

 

C.                 He was given
a copy of this Separation Agreement on [September 23,
2004] and informed that he had twenty-one
(21) days within which to consider this Separation Agreement; and

 

D.                 He was
informed that he had seven (7) days following the date of execution of this Separation
Agreement in which to revoke this Separation Agreement.

 

VIII.                  No Transferred Claims.  Greco warrants and represents that he has not
heretofore assigned or transferred to any person not a party to this Separation
Agreement any released matter or any part or portion thereof and he shall
defend, indemnify and hold MSC and each of its affiliates harmless from and
against any claim (including the payment of attorneys’ fees and 

 

3

 

costs
actually incurred whether or not litigation is commenced) based on or in
connection with or arising out of any such assignment or transfer made,
purported or claimed.

 

IX.                           Confidential Information.

 

A.                 Greco, in the
performance of Greco’s services on behalf of MSC and its affiliates, has had
access to, received and been entrusted with confidential information, including
but in no way limited to development, marketing, organizational, financial,
management, administrative, production, distribution and sales information,
data, specifications and processes presently owned or at any time in the future
developed, by MSC, its affiliates, or its or their agents or consultants, or
used presently or at any time in the future in the course of its or their business
that is not otherwise part of the public domain (collectively, the “Confidential
Material”).  All such Confidential
Material is considered secret and was made available to Greco in
confidence.  Greco represents that he has
held all such information confidential and will continue to do so.

 

B.                 Except in the
performance of services on behalf of MSC and its affiliates, Greco shall not,
directly or indirectly for any reason whatsoever, disclose or use any such
Confidential Material, unless such Confidential Material ceases (through no
fault of Greco’s) to be confidential because it has become part of the public
domain or he is otherwise obligated to disclose such information by the lawful
order of any competent jurisdiction.  All
records, files, drawings, documents, equipment and other tangible items,
wherever located, relating in any way to the Confidential Material or otherwise
to the business of MSC or any of its affiliates, which Greco prepares, uses or
encounters, shall be and remain the sole and exclusive property of the
appropriate entity or entities and shall be included in the Confidential Material.  Upon the termination or expiration, as
applicable, of the Consulting Term as set forth in the Consulting Agreement, or
whenever requested by MSC, Greco shall promptly deliver to MSC any and all of
the Confidential Material, not previously delivered to MSC, that may be or at
any previous time has been in Greco’s possession or under Greco’s control.

 

C.                 Greco hereby
acknowledges that the sale or unauthorized use or disclosure of any of the
Confidential Material by any means whatsoever and any time before, during or
after Greco’s engagement with MSC shall constitute “Unfair Competition.”  Greco agrees that Greco shall not engage in
Unfair Competition either during the time engaged by MSC or any time
thereafter.

 

D.                               Soliciting
Customers.  Greco promises and
agrees that he will not, during his engagement pursuant to the Consulting
Agreement and for a period of one year following termination or expiration, as
applicable, of the Consulting Term thereunder, influence or attempt to
influence any customers of MSC or any of its affiliates, either directly or
indirectly, to divert their business to any individual, partnership, firm,
corporation or other entity which is currently or at that particular point in
time in competition with (or has plans to engage in business which would be in
competition with) the business of MSC or any of its affiliates.  (For purposes of this Separation Agreement, a
business in competition with MSC or its affiliates will be deemed to include
(without limiting any other business in competition with MSC or its affiliates)
any business which is engaged in the development, marketing and/or support of
virtual product development tools for the computer-aided engineering
marketplace (including, without 

 

4

 

limitation,
simulation software and/or professional services).)  Greco acknowledges that during his employment
with MSC, he was given access to Confidential Material of MSC and its
affiliates, and that such Confidential Material constitutes MSC’s trade
secrets.  Greco acknowledges and agrees
that this restriction is necessary in order for MSC to preserve and protect its
legitimate proprietary interest in its Confidential Material and trade secrets.

 

X.                               Soliciting Employees.  Greco
promises and agrees that he will not, during his engagement pursuant to the
Consulting Agreement and for a period of one year following the termination or
expiration, as applicable, of the Consulting Term thereunder, directly or
indirectly solicit any employee of MSC or any of its affiliates who earned
annually $25,000 or more as an employee of such entity during the last six
months of his or her own employment to work for any business, individual,
partnership, firm, or corporation.

 

XI.                           Stock Options.  MSC has previously granted
options on shares of MSC common stock to Greco. 
As of the Separation Date, such options (to the extent not previously
expired, terminated, or exercised) remain outstanding as to an aggregate of
424,225 shares of MSC common stock.  This
confirms that MSC has previously accelerated the vesting of such options.  This also confirms that the termination of
employment/service rules applicable to such options shall not be deemed
triggered (1) except as provided in clause (2), until the expiration or earlier
termination of the Consulting Term under and as determined in accordance with
the Consulting Agreement, or (2) in the event that such Consulting Term is
terminated by MSC without Cause (as determined under and in accordance with the
Consulting Agreement), until [specify last day of intended Consulting Term
September 22, 2007].  Except
for such accelerated vesting and clarification of the application of the
termination of employment/service rules with respect to Greco’s outstanding MSC
options, the options otherwise shall remain outstanding in accordance with
their respective terms and conditions.

 

XII.                       Miscellaneous

 

A.            Successors.

 

1.                                       This
Separation Agreement is personal to Greco and shall not, without the prior
written consent of MSC, be assignable by Greco.

 

2.                                       This
Separation Agreement shall inure to the benefit of and be binding upon MSC and
its respective successors and assigns and any such successor or assignee shall
be deemed substituted for MSC under the terms of this Separation Agreement for
all purposes.  As used herein, “successor”
and “assignee” shall include any person, firm, corporation or other business
entity which at any time, whether by purchase, merger or otherwise, directly or
indirectly acquires the ownership of MSC or to which MSC assigns this Separation
Agreement by operation of law or otherwise.

 

B.            Waiver.  No waiver of any
breach of any term or provision of this Separation Agreement shall be construed
to be, nor shall be, a waiver of any other breach of this Separation Agreement.
 No waiver shall be binding unless in
writing and signed by the party waiving the breach.

 

5

 

C.            Modification.  This
Separation Agreement may not be amended or modified other than by a written
agreement executed by Greco and the Chief Executive Officer of MSC or his
designee.

 

D.            Complete Agreement. 
This Separation Agreement and the Consulting Agreement constitute and
contain the entire agreement and final understanding concerning Greco’s
relationship with MSC and its affiliates and the other subject matters
addressed herein between the parties, and supersedes and replaces all prior
negotiations and all agreements proposed or otherwise, whether written or oral,
concerning the subject matters hereof.  The
Employee Confidentiality and Inventions Agreement by and between Greco and MSC
and entered into on or about February 20, 2004 (the “Confidentiality Agreement”)
is outside of the scope of the preceding sentence and shall continue in effect
in accordance with its terms.  Any
representation, promise or agreement not specifically included in this
Separation Agreement, the Consulting Agreement or the Confidentiality Agreement
shall not be binding upon or enforceable against either party.  This Separation Agreement, along with the
Consulting Agreement and the Confidentiality Agreement, constitute an
integrated agreement.

 

E.              Litigation and Investigation Assistance. 
Greco agrees to cooperate in the defense of MSC or any of its affiliates
against any threatened or pending litigation or in any investigation or
proceeding by any governmental agency or body that relates to any events or
actions which occurred during or prior to the term of Greco’s employment or the
Consulting Term (as defined in the Consulting Agreement).  Furthermore, Greco agrees to cooperate in the
prosecution of any claims and lawsuits brought by MSC or any of its affiliates
that are currently outstanding or that may in the future be brought relating to
matters which occurred during or prior to the term of Greco’s employment or the
Consulting Term.  From and after the
Separation Date, except as requested by MSC or as required by law, Greco shall
not comment upon any (i) threatened or pending claim or litigation (including
investigations or arbitrations) involving MSC or any of its affiliates or (ii)
threatened or pending government investigation involving MSC or any of its affiliates.

 

F.              Severability.  If
any provision of this Separation Agreement or the application thereof is held
invalid, the invalidity shall not affect other provisions or applications of
the Separation Agreement which can be given effect without the invalid
provisions or applications and to this end the provisions of this Separation
Agreement are declared to be severable.

 

G.            Choice of Law.  This Separation Agreement shall be deemed to
have been executed and delivered within the State of California, and the rights
and obligations of the parties hereunder shall be construed and enforced in
accordance with, and governed by, the laws of the State of California without
regard to principles of conflict of laws.

 

H.            Cooperation in Drafting. 
Each party has cooperated in the drafting and preparation of this Separation
Agreement.  Hence, in any construction to
be made of this Separation Agreement, the same shall not be construed against
any party on the basis that the party was the drafter.

 

6

 

I.                 Counterparts.  This
Separation Agreement may be executed in counterparts, and each counterpart,
when executed, shall have the efficacy of a signed original.  Photographic copies of such signed
counterparts may be used in lieu of the originals for any purpose.

 

J.              Arbitration.  Any dispute, claim or
controversy arising out of or relating to this Separation Agreement, its
enforcement or interpretation, or because of an alleged breach, default, or
misrepresentation in connection with any of its provisions, including the
determination of the scope or applicability of this agreement to arbitrate,
shall be submitted to final and binding arbitration, to be held in Orange
County, California before a sole arbitrator; provided, however, that
provisional injunctive relief may, but need not, be sought in a court of law
while arbitration proceedings are pending, and any provisional injunctive
relief granted by such court shall remain effective until the matter is finally
determined by the arbitrator.   The
arbitration shall be administered by JAMS pursuant to its Comprehensive
Arbitration Rules and Procedures. 
Judgment on the award may be entered in any court having
jurisdiction.  In the event either party
institutes arbitration under this Separation Agreement, the party prevailing in
any such proceeding, as determined by the arbitrator, shall be entitled, in
addition to all other relief, to reasonable attorneys’ fees relating to such
arbitration.  The nonprevailing party
shall be responsible for all costs of the arbitration, including but not
limited to, the arbitration fees, court reporter fees, etc.  Any dispute as to the reasonableness of costs
and expenses shall be determined by the arbitrator.

 

K.            Advice of Counsel.  In entering this Separation Agreement, the
parties represent that they have relied upon the advice of their attorneys, who
are attorneys of their own choice, and that the terms of this Separation
Agreement have been completely read and explained to them by their attorneys,
and that those terms are fully understood and voluntarily accepted by them.

 

L.             Supplementary Documents. 
All parties agree to cooperate fully and to execute any and all
supplementary documents and to take all additional actions that may be
necessary or appropriate to give full force to the basic terms and intent of
this Separation Agreement and which are not inconsistent with its terms.

 

M.          Headings.  The section headings contained in this Separation
Agreement are inserted for convenience only and shall not affect in any way the
meaning or interpretation of this Separation Agreement.

 

N.            Taxes.  Other than MSC’s right to reduce the Cash Severance
Payment for standard withholding, Greco shall be solely responsible for any
taxes due as a result of the payment of the Cash Severance Payment and other
benefits to be provided to Greco pursuant to Section III.  Greco will defend and indemnify MSC and each
of its affiliates from and against any tax liability that any of them may have
with respect to any such payment and against any and all losses or liabilities,
including defense costs, arising out of Greco’s failure to pay any taxes due
with respect to any such payment.

 

[Remainder of
page intentionally left blank.]

 

7

 

I have read the foregoing Separation Agreement and I
accept and agree to the provisions it contains and hereby execute it
voluntarily with full understanding of its consequences.

 

EXECUTED this 23rd
day of September 2004, at Orange County, California.

 

	
   

  	
  “Greco”

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Louis A. Greco

  	
   

  
	
   

  	
  Louis A. Greco

  

 

 

EXECUTED this 23rd
day of September 2004, at Orange County, California.

 

	
   

  	
  “MSC”

  
	
   

  	
   

  
	
   

  	
  MSC.Software Corporation,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Frank Perna, Jr.

  	
   

  
	
   

  	
  By:

  	
  Frank Perna, Jr.

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  
				

 

8

 

EXHIBIT A

 

RESIGNATION LETTER

 

To:                              The Board
of Directors of MSC.Software Corporation

 

From:                  Louis A. Greco

 

I hereby resign as
an employee, officer, director, member, manager and in any other capacity with MSC.Software
Corporation and each of its affiliates, effective [September
23], 2004.

 

 

	
   

  	
  /s/ Louis A. Greco

  	
   

  
	
   

  	
  Louis A. Greco

  
	
   

  	
   

  
	
   

  	
  September 23, 2004

  	
   

  
	
   

  	
  Date

  

 

A-1

 

EXHIBIT B

 

CONSULTING AGREEMENT

 

B-1

 

EXHIBIT C

 

ENDORSEMENT

 

I, Louis A. Greco,
hereby acknowledge that I was given 21 days to consider the foregoing Employment
Separation and General Release Agreement and voluntarily chose to sign the
Employment Separation and General Release Agreement prior to the expiration of
the 21-day period.

 

I declare under
penalty of perjury under the laws of the state of California, that the
foregoing is true and correct.

 

EXECUTED this 23rd
day of September, 2004, at Orange County, California.

 

 

	
   

  	
  /s/ Louis A. Greco

  	
   

  
	
   

  	
  Louis A. Greco

  

 

C-1

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