Document:

Exhibit 10.8

             SEPARATION AND NON-COMPETE AGREEMENT AND MUTUAL RELEASE
             -------------------------------------------------------

     This Separation and Non-Compete Agreement and Mutual Release ("Agreement")
is made and entered into effective as of July 27, 2006 ("Effective Date"), by
and between Robert G. Barbieri, a Minnesota resident ("Employee") and Lawson
Software, Inc., a Delaware corporation (Lawson Software, Inc. and its
subsidiaries are referred to as the "Company").

                                   Background
                                   ----------

     A.   The resignation date of Employee as an employee and officer of the
Company is as of the close of business on the last day of the Employment Period
defined below;

     B.   Subject to the terms of this Agreement, the Company will pay Employee
the severance benefits described below; and

     C.   Subject to the terms of this Agreement, Employee will not compete with
the Company (for the time period and to the extent described in Section 4
below), and Employee and the Company agree to the mutual release,
indemnification and other provisions described below.

                                    Agreement
                                    ---------

     NOW, THEREFORE, in consideration of the mutual promises and covenants
established in this Agreement, Employee and the Company agree as follows:

     1.   Definitions. In addition to the other capitalized terms used in this
Agreement, the following capitalized terms have the respective meanings defined
below:

          1.1  Cause. "Cause" means fraud or criminal conduct in connection with
     the Company's business, unless Employee was directed by a director or
     executive officer of (or a superior within) the Company to engage in such
     fraud or conduct.

          1.2  Planned Employment Period. "Planned Employment Period" means the
     time period commencing on the Effective Date of this Agreement and ending
     on October 31, 2006.

          1.3  Employment Period. "Employment Period" means the time period
     commencing on the Effective Date of this Agreement and ending on the
     earlier of:

          (a)  the end of the Planned Employment Period;
          (b)  Employee's death or total disability;
          (c)  termination of Employee by the Company for Cause;
          (d)  Employee's material breach of this Agreement that is not cured
               within five business days after written notice describing the
               breach (but the Company understands that Employee will be
               spending time from the Effective Date of this Agreement through
               the end of the Employment Period engaged in wind-down and
               transition activities, and such activities shall not be deemed a
               material breach so long as Employee is working full time and
               substantially consistent with his prior work as chief financial
               officer and with the direction of the chief executive officer);

                                       1
<PAGE>

          (e)  The Company reasonably determines that Employee is not working on
               a full time basis that is substantially consistent with his prior
               work as chief financial officer and with the direction of the
               chief executive officer, and Employee does not return to full
               time efforts within two business days after notice describing the
               short fall;
          (f)  Employee commences employment with another employer; or (g)
               voluntary resignation by Employee.

     2.   Employment and Employee Obligations.

          2.1  Full-Time Employment With the Company. Throughout the Employment
     Period, Employee shall be a full-time employee and executive officer,
     employed as Executive Vice President and Chief Financial Officer of the
     Company, reporting to the Company's chief executive officer, substantially
     consistent with Employee's past practices as chief financial officer.
     During the Employment Period Employee shall perform, on a full-time basis,
     his work as chief financial officer, his transition work for the Company
     and other activities directed by the chief executive officer.

          2.2  Resignation as an Executive Officer of the Company. Employee
     hereby confirms that Employee will be deemed to have voluntarily resigned
     as an executive officer and chief financial officer of the Company and as a
     director of any subsidiary of the Company as of the end of the Employment
     Period. Notwithstanding the foregoing, nothing shall prevent Employee from
     resigning earlier.

          2.3  Employee Invention and Non-Disclosure Agreement. Employee agrees
     to comply with Sections 1 and 2 of Exhibit A to this Agreement.

          2.4  Surrender of Records and Property. Employee shall vacate his
     office at the Company by the end of the Employment Period. On or before the
     end of the Employment Period, Employee shall deliver to the Company's
     Senior Vice President of Human Resources all Company records and property
     possessed by Employee, including Employee's Blackberry, laptop computer,
     and any other Lawson property the Employee has in his possession. Employee
     will have normal employee access to the Company's offices, network, e-mail
     system and telephone system until the end of the Employment Period.

          2.5  Cooperation. From and after the Effective Date, Employee agrees
     to cooperate with the Company in the investigation, discovery and
     litigation of any employment claims or other Company legal matters for
     which Employee has relevant knowledge. In consideration of such
     cooperation: (1) the Company will reimburse Employee for Employee's
     reasonable out-of-pocket expenses incurred at the request of the Company,
     (2) the Company will compensate Employee (as an independent contractor if
     Employee is not employed by the Company at that time) for the reasonable
     time incurred at the request of the Company, at a reasonable hourly rate
     and (3) the Company will indemnify and defend Employee, in connection with
     such cooperation and in connection with the terms set forth in Section 7 of
     this Agreement, to the same extent as if Employee had continued to be an
     employee and officer of the Company.

                                       2
<PAGE>

     3.   Compensation, Benefits and Severance.

          3.1  Compensation Through the end of the Employment Period. In
     accordance with the Company's normal payroll practices, the Company shall
     pay Employee's current full-time base salary, less applicable taxes,
     through and ending on the last day of the Employment Period.

          3.2  ELRP Bonus Plan. Payments of incentive compensation to Employee
     are governed by the terms of the Company's Executive Leadership Results
     Plan ("ELRP"). This Section 3.2 describes certain relevant terms of the
     ELRP and does not modify the ELRP. If there any payouts under the ELRP for
     fourth quarter ended May 31, 2006 ("Q4FY06"), Employee shall receive a
     payout (less applicable taxes) to the full extent earned and accrued under
     the terms of the ELRP for Q4FY06 (the payout amounts and dates will be
     governed by the ELRP). If there any payouts under the ELRP for the first
     quarter ending August 31, 2006 ("Q1FY07") and the Employment Period is
     still in effect on August 31, 2006, Employee shall receive a payout (less
     applicable taxes) to the full extent earned and accrued under the terms of
     the ELRP for Q1FY07 (the payout amounts and dates will be governed by the
     ELRP). If there is no payout under the ELRP for Q4FY06, Employee will not
     receive any ELRP payouts or other bonuses for Q4FY06 or for the fiscal year
     ending May 31, 2006. If there is no payout under the ELRP for Q1FY07 or if
     Employee is not an employee of the Company on August 31, 2006, Employee
     will not receive any ELRP payouts or other bonuses for Q1FY07. Employee
     shall not be eligible to receive any bonuses, whether or not under the
     ELRP, for the second, third or fourth quarters of the fiscal year ending
     May 31, 2007 or for the fiscal year ending May 31, 2007.

          3.3  Benefits. The payment and termination of employee benefits are
     governed by the terms of the applicable benefit plan, based on the last day
     of the Employment Period as the employment resignation date.

          3.4  Release. In consideration of the severance payments to be made by
     the Company to Employee pursuant to Sections 3.5 and 3.6 below, Employee
     will sign and deliver to the Company within three days after the end of the
     Employment Period the "Release" in the form attached as Exhibit B. Said
     mutual release will be signed by Company on or before the time that it is
     presented to Employee to sign.

          3.5  Severance Based On One Times Annual Base Salary. If Employee has
     signed and delivered the Release to the Company (and not rescinded that
     release within the 15-day rescission period described in Section V of the
     Release) and the Company has not, prior to the end of the Employment
     Period, terminated the Employment Period for Cause, the Company shall pay
     Employee $300,000.00, less applicable taxes and without interest, at the
     end of the first payroll period that includes the date that is six months
     plus three business days after the end of the Employment Period (for
     example, if the Employment Period ends October 31, 2006, that first payroll
     period would be the May 15, 2007 payroll) (that $300,000 payment represents
     one times annual base salary and is in consideration of the release
     described in Section II.A of the Release and the noncompete covenant in
     Section 4 below).

                                       3
<PAGE>

          3.6  Severance Based On One Times Annual Target Bonus. If Employee has
     signed and delivered the Release to the Company (and not rescinded that
     release within the 15-day rescission period described in Section V of the
     Release) and the Company has not, prior to the end of the Employment
     Period, terminated the Employment Period for Cause, the Company shall pay
     Employee $300,000.00, less applicable taxes and without interest, at the
     end of the first payroll period that includes the date that is six months
     plus three business days after the end of the Employment Period (for
     example, if the Employment Period ends October 31, 2006, that first payroll
     period would be the May 15, 2007 payroll) (that $300,000 payment represents
     one times annual target bonus and is in consideration of the release
     described in Section II.B of the Release).

          3.7  IRC Section 409A and Delay of Payment. If any amounts payable to
     Employee pursuant to this Agreement are subject to Section 409A of the
     United States Internal Revenue Code ("Section 409A"), and an exception to
     Section 409A does not apply, then, notwithstanding any provision in this
     Agreement to the contrary: (a) the payment of such amount will be made to
     Employee with first payroll period that is six months plus three business
     days following the end of the Employment Period (provided that at the time
     of actual payment Employee has met all other requirements for that payment
     under this Agreement), (b) no payment of such amount will be made to
     Employee before the date described in clause (a) above, and (c) no interest
     shall accrue or be payable to Employee for any payments that are delayed
     pursuant to this Section 3.7. The Company assumes no obligation to pay or
     reimburse Employee for any taxes incurred under Section 409A.

          3.8  No Claw-Back for Other Employment. Employee shall not be
     obligated to payback any portion of the severance payments made pursuant to
     Sections 3.5 or 32.6 above, nor shall the Company be relieved of its
     obligation to make said severance payments, if Employee accepts employment
     with another employer at any time or if Employee voluntarily resigns prior
     to October 31, 2006.

          3.9  COBRA Coverage. Employee (and his dependents) shall be eligible
     to and may elect COBRA continuation coverage under the Company's health
     plans commencing on the first day of the calendar month after the end of
     the Employment Period (the "COBRA Start Date"). If Employee timely elects
     COBRA continuation coverage, Employee shall pay both the employee and
     employee costs of that coverage.

          3.10 Stock Options. The stock options previously granted to Employee
     ("Options") for the purchase of shares of common stock of the Company, are
     governed by the terms of the applicable Stock Incentive Plan and Grant
     Notice or Option Agreement delivered to Employee when the Options were
     granted (collectively, the "Option Documents"). This Agreement does not
     amend any of the Option Documents. No Options will vest or first become
     exercisable after the end of the Employment Period. The Company and/or
     Salomon Smith Barney are not obligated to remind Employee of the applicable
     date when the Options terminate. If Employee provides specific written
     requests to the Company (to the attention of the Corporate Secretary)
     concerning the Options and Internal Revenue Code Section 409A, the Company
     will make reasonable efforts to accommodate those requests so long as the
     Company is not required to take any actions that would be detrimental to
     the Company, including, without limitation, any actions that would result
     in any adverse financial or accounting costs or charges.

                                       4
<PAGE>

          3.11 Non-Payment of Severance. Notwithstanding any provision in this
     Agreement to the contrary, if Employee rescinds the Release within the
     15-day rescission period described in Section V of the Release or breaches
     Section 4 of this Agreement (and that breach is not timely cured within 10
     days after written notice from the Company), no severance payments shall be
     payable to Employee under Sections 3.5 or 3.6 above.

          3.12 Form 4 and Form 144 Filings with SEC. If Employee has not made
     any non-exempt purchases of Company stock during the six months before the
     end of the Employment Period, no further Form 4 filings will be required
     for Employee for stock transactions made after the Employment Period (other
     than as required by applicable law and other than the final Form 4 filing
     showing that Employee has left the SEC's Section 16 reporting system for
     the Company's stock). During the 90-days after the end of the Employment
     Period, Employee must file a Form 144 with the SEC for any sales of Company
     stock in Employee's 401(k) plan account

          3.13 Flexible Time Off (FTO). All earned but unused FTO through the
     end of the Employment Period will be paid out to Employee after the end of
     the Employment Period pursuant to the Company's normal payroll practices.
     No FTO shall accrue after the end of the Employment Period.

          3.14 Business Expense Reimbursement. The Company shall reimburse
     Employee for all employment-related expenses, consistent with past
     practices, through the end of the Employment Period. Employee must submit
     the necessary requests for reimbursement within 30 days after the end of
     the Employment Period (for proper expenses incurred before the end of the
     Employment Period). Employee shall not be obligated to reimburse the
     Company for any club memberships previously paid for by the Company. The
     Company shall not be obligated to reimburse Employee for any country club
     expenses or other expenses incurred after the end of the Employment Period.
     Payment of such reimbursement amounts will be made to Employee with the
     first payroll period that is six months plus three business days following
     the end of the Employment Period.

          3.15 Termination of Umbrella Personal Liability Insurance Coverage.
     The Company previously made available to Employee, as an executive officer
     of the Company, $10 million of umbrella personal liability insurance. That
     umbrella personal liability insurance will be cancelled as of the end of
     the Employment Period.

          3.16 Termination of Employment Agreement. The Employment Agreement
     dated February 15, 2001, between the Company and Employee, is hereby
     terminated in its entirety and shall have no further force or effect.

                                       5
<PAGE>

          3.17 No Participation in Change in Control Severance Pay Plan. On
     January 17, 2005, the Company adopted the Executive Change in Control
     Severance Pay Plan for Tier 1 Executives (the "Tier 1 Plan"). Under the
     Tier 1 Plan, if the employment of a Tier 1 executive (e.g. the chief
     executive officer and his or her direct reports) is terminated within two
     years after a "Change in Control" of the Company (as defined in the Tier 1
     Plan), the Tier 1 executive may be eligible to receive as severance two
     times annual base salary and two times the average annual bonus over the
     preceding three years. Employee acknowledges and agrees that: (i) this
     Agreement supersedes the Tier 1 Plan to the extent described in this
     Section 3.17, (ii) the Tier 1 Plan is applicable to Employee during the
     Employment Period but will no longer be applicable to Employee after the
     end of the Employment Period and (iii) if a Change in Control of the
     Company occurs at any time after the end of the Employment Period, Employee
     will not be eligible for any payments under the Tier 1 Plan.

          3.18 No Other Compensation or Payments. Except to the extent expressly
     set forth in this Agreement, Employee is not eligible to receive at any
     time any compensation, severance or other payments from the Company.

     4.   Covenant Not To Compete, Hire or Solicit. In consideration of the
severance payments under Sections 3.5 and 3.6 above, Employee covenants and
agrees that from the Effective Date of this Agreement through and ending one
year after the end of the Employment Period, Employee shall not:

     (a)  be employed by or retained as a consultant to SAP AG, Microsoft
          Corporation, Oracle Corporation, Infor, SSA Global Technologies, Inc.,
          McKesson Corporation, American Management Systems, Inc., Epicor
          Software Corporation, Extensity or Workbrain, Inc. or any of their
          respective subsidiaries (collectively referred to as the "Named
          Competitors");

     (b)  directly solicit any Company clients who are clients as of the
          Effective Date of this Agreement for the purpose of selling or
          providing those clients any products or services which directly
          compete with the Company's products or services; or

     (c)  directly solicit any Company employees for the purpose of hiring them
          and inducing them to leave employment at the Company.

If one or more of the Named Competitors acquire one another, this Section 4
shall remain in effect pursuant to its terms for each of the resulting
successors to the Named Competitors. If a Named Competitor acquires Employee's
then current employer, that acquisition will not result in a violation of this
Section 4 (e.g., Employee may continue to work for that employer or its
successor). If another company (that is not a Named Competitor) buys one of the
Named Competitors, that acquisition will not prohibit Employee from working for
the combined company. Employee acknowledges that the violation of this Section 4
will cause irreparable harm to the Company and agrees that, in addition to any
other relief afforded by law, an injunction against any violation of this
Section 4 may issue against Employee. Both damages and injunction shall be
proper modes of relief and are not alternative remedies for Employee's violation
of this Section 4. If the Company commences any action in equity to specifically
enforce any of its rights under this Section 4, Employee waives and agrees not
to assert the defense that the Company has an adequate remedy at law.

                                        6

<PAGE>

     5.   Publicity. Employee acknowledges that the Company is required to
disclose the contents of this Agreement publicly with the Securities and
Exchange Commission in a Form 8-K Report, which will include a copy of this
Agreement, and in a mutually agreed press release which the Company provides to
Employee in advance of issuance.

     6.   Non-disparagement. Employee agrees not to make any disparaging
remarks, either orally or in writing, regarding the Company or any of its
officers or directors. The Company agrees that no executive officer of the
Company has authorized or will authorize any employee to make any disparaging
remarks, either orally or in writing, regarding Employee. Both the Company and
the Employee acknowledge that this provision shall not prevent the Employee or
any Company representative from providing truthful testimony in any deposition
or legally compelled proceeding.

     7.   Indemnification by the Company. To the extent allowed under Section
145 of the Delaware General Corporation Law (which requires that Employee acted
in good faith and in a manner Employee reasonably believed to be in or not
opposed to the best interests of the Company), and until the last expiration
date of the applicable statute of limitations, the Company shall indemnify and
defend Employee against any claims or other actions brought against Employee in
connection with Employee's employment by the Company or status as a former
executive officer or employee, of the Company (a "Claim"), subject to each of
the following:

     (a)  Employee promptly notifies the Company of the Claim.

     (b)  The Company will provide Employee legal representation by lawyer(s)
          and a law firm selected by the Company. If joint representation is not
          applicable or appropriate, the Company will provide and pay for
          separate legal counsel to represent Employee, subject to Employee's
          continued compliance with Section 2.5 above and this Section 7.

     (c)  Employee will not agree to any settlements, for which the Company is
          obligated to indemnify Employee, unless the Company has agreed to that
          settlement in writing and in advance.

     8.   D&O Insurance. Until the last expiration date of the applicable
statute of limitations, the Company (and its successors) shall renew, purchase
and/or maintain in effect, at the Company's expense, directors and officers
liability insurance, with carriers and coverages that are reasonable based on
the Company's then current business (but not exceeding the current coverage), to
the extent commercially and reasonably available in the market (the "D&O
Insurance"). The D&O Insurance shall cover Employee as a former executive
officer of the Company, subject to the insurance policy scope and limitations.
From time to time upon written request from Employee to the attention of the
Company's Corporate Secretary, the Company shall provide Employee evidence of
the D&O Insurance then in effect (as well as copies of the D&O Insurance in
effect and covering Employee at any time during his employment with the
Company).

     9.   Limitation of Liability. In no event shall the Company or Employee be
liable to each other under this Agreement for any indirect, special,
consequential or punitive damages that arose before or on the last day of the
Employment Period.

                                       7
<PAGE>

     10.  Release by the Company. Exhibit B contains a release by the Company
that will be effective pursuant to its terms.

     11.  General.

          11.1 Governing Law. This Agreement is made under and shall be governed
     by and construed in accordance with the laws of the State of Minnesota
     without regard to conflicts of laws principles.

          11.2 Entire Agreement. This Agreement and any other agreement
     specifically mentioned in this Agreement contains the entire agreement of
     the parties relating to the employment of Employee by the Company and the
     other matters discussed herein and supersedes all prior promises,
     contracts, agreements and understandings of any kind (other than any other
     written agreement mentioned herein), whether express or implied, oral or
     written, with respect to such subject matter.

          11.3 Withholding Taxes. The Company may take such action as it deems
     appropriate to insure that all applicable federal, state, city and other
     payroll, withholding, income or other taxes ("Taxes") arising from any
     compensation, benefits or any other payments made pursuant to this
     Agreement, or any other contract, agreement or understanding which relates,
     in whole or in part, to Employee's employment with the Company, are
     withheld or collected from Employee. The Company shall have no obligation
     to pay any Taxes on behalf of Employee or reimburse Employee for the
     payment of any Taxes.

          11.4 Amendments. No amendment or modification of this Agreement shall
     be deemed effective unless made in writing and signed by Employee and the
     Chief Executive Officer of the Company. The parties shall in good faith
     amend this Agreement if specifically requested in writing by Employee (to
     the attention of the Corporate Secretary) to the limited extent necessary
     to allow Employee to comply with the requirements under Internal Revenue
     Code Section 409A and avoid, to the extent lawful, having any amounts paid
     or payable hereunder subject to the additional 20% income tax thereunder
     while maintaining to the maximum extent practicable the original intent of
     this Agreement; provided however, the Company shall not be required to
     execute any amendment that would be detrimental to the Company, including,
     without limitation, any amendment that would result in any financial or
     accounting costs or charges. Employee acknowledges that the Company is not
     obligated to pay or reimburse Employee for any taxes that are incurred by
     Employee under Internal Revenue Code Section 409A.

          11.5 No Waiver. No term or condition of this Agreement shall be deemed
     to have been waived, nor shall there be any estoppel to enforce any
     provisions of this Agreement, except by a statement in writing signed by
     the party against whom enforcement of the waiver or estoppel is sought.

          11.6 Assignment. This Agreement may not be assigned by either party
     unless the other party consents in writing, except that the Company may
     assign this Agreement without Employee's consent in connection with a
     merger or sale of the Company or sale of substantially all of the assets of
     the Company or its applicable operating division.

                                       8
<PAGE>

          11.7 Review by Employee's Legal Counsel. The Company has informed
     Employee that Employee has the right to consult with an attorney and tax
     advisor (at Employee's own expense) before signing this Agreement. Except
     as stated in Exhibit B (concerning payment of up to $10,000 in Employee's
     legal fees), the Company is not obligated to reimburse Employee for any
     legal fees incurred in the review, negotiation or preparation of this
     Agreement.

     IN WITNESS WHEREOF, the parties have executed this Agreement effective as
of the date set forth in the first paragraph of this Agreement.

                                        Lawson Software, Inc.

                                        By /s/ Harry Debes
                                           -------------------------------------
                                               Harry Debes,
                                               Chief Executive Officer

                                        Employee Name: Robert G. Barbieri

                                        /s/ Robert G. Barbieri
                                        ----------------------------------------
                                        Employee Signature

                                       9
<PAGE>

                                    EXHIBIT A

LAWSON SOFTWARE, INC, , or any of its subsidiaries, (hereinafter "COMPANY") and
Employee (hereinafter "I" or "me"), agree as follows:

     1. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. I agree that Confidential
Information related to COMPANY's business, or the business of any of its
clients, customers, suppliers, partners or third parties, I acquire during my
employment by COMPANY is the property of COMPANY or is held in trust by COMPANY,
will be held in trust by me, and shall be regarded and treated as confidential
and solely for the benefit of COMPANY. Such "Confidential Information" for
purpose of this Agreement shall mean all information maintained in confidence by
COMPANY. Confidential Information includes, but is not limited to: (1) all
information that derives independent economic value, actual or potential, from
not being generally known to, and not being readily ascertainable through proper
means by, other persons who can derive economic value from its disclosure or
use, (2) trade secrets and (3) computer programs and passwords; customer lists,
sales lists and supplier lists; pricing, licenses, costs, budgets, financial
information and financing plans; marketing and sales statistics and studies;
projections, strategies, forecasts, new products and marketing and business
plans; merger and acquisition plans; formulas, processes, data procedures,
techniques and improvements; inventions, product designs, discoveries and
developments; and employee data, files and compensation. Such information may be
marked as confidential or proprietary, or received under circumstances
reasonably interpreted as imposing an obligation of confidentiality. Such
information does not lose its status as Confidential Information merely because
it was known by a limited number of persons or entities or because it was not
entirely originated by COMPANY. I acknowledge that the Confidential Information
of COMPANY is a valuable, special and unique asset of COMPANY, and that any
disclosure of such Confidential Information may be materially damaging to
COMPANY. The obligation of confidence under this Agreement shall not apply to
any portion of information which I can show from documented records is or
becomes generally available to the public without fault of mine, or which is
obtained without restriction on publication or use from a third party having the
right to disclose the same.

     I agree that I shall not, except as necessary in the course of conducting
business for COMPANY, use such Confidential Information myself or disclose such
information to any other person or entity, directly or indirectly, either during
my employment or at any time thereafter, without the prior written consent of
COMPANY. I agree that I shall not remove any records, documents, or other
Confidential Information from the premise of COMPANY in either original,
duplicate or copied form, except as necessary in the course of conducting
business for COMPANY. I agree to return to COMPANY all Confidential Information
in my possession, including duplicates and copies, upon request by COMPANY, or
at the time my employment is terminated.

     2. INVENTIONS AND PROPRIETARY INFORMATION. I represent to COMPANY that I am
not a party to any other agreement that conflicts with this Agreement or which
would restrict or prevent me from performing my duties as an employee of
COMPANY. I agree that I will promptly disclose to and immediately assign and
transfer to COMPANY in writing all my right, title, and interest in all
inventions, works of authorship, improvement, designs, developments, and
discoveries created by me individually or with others that relate in any manner
to the present or prospective business or research of COMPANY.

                                       10
<PAGE>

     "Inventions" means discoveries, concepts, and ideas, whether patentable or
not, relating to any present or prospective product, service, business, research
or development of COMPANY. Works of authorship means all forms of original
expression fixed in any tangible medium. Examples of works of authorship
include, without limitation, programs, programming tools and designs, program
documentation, training materials, marketing materials and business plans.

     At COMPANY's request, I will sign all papers COMPANY considers necessary or
advisable to patent any invention or improvement or to register any copyright,
trademark or domain name, each in the name of COMPANY. I agree to take these
steps both during and after my employment with COMPANY.

     The provisions of this Section 2 do not apply to created works for which no
equipment, supplies, facility or trade secret information of COMPANY was used
and which were developed entirely on my own time, and (a) which do not relate
(1) directly to the business of COMPANY, or (2) to COMPANY's actual or
demonstrably anticipated research or development, or (b) which do not result
from any work performed by me for COMPANY.

                                       11

<PAGE>

Exhibit B

                          General Release and Agreement
                                   ("Release")

     This General Release and Agreement ("General Release and Agreement") is
made and entered into as of ___________, 2006 between Lawson Software, Inc.
("the Company") and Robert G. Barbieri ("Employee").

     WHEREAS, the Company and Employee are parties to a Separation and
Noncompete Agreement and Mutual Release dated effective as of July 27, 2006 (the
"Separation Agreement");

     WHEREAS, Employee intends to release any and all claims that Employee has
or may have against the Company as a result of Employee's employment with the
Company; and

     WHEREAS, under the terms of the Separation Agreement, which Employee agrees
are fair and reasonable, Employee agreed to enter into this General Release and
Agreement as a condition precedent to the payments described in Sections 3.5 and
3.6 of the Separation Agreement.

     NOW, THEREFORE, in consideration of the provisions and the mutual covenants
herein contained, the parties agree as follows:

I.   SEVERANCE BENEFITS.

     A. The Company agrees to pay Employee $300,000.00 (less applicable taxes),
pursuant to Section 3.5 of the Separation Agreement, in consideration of the
release set forth in Section II(A) below.

     B. The Company agrees to pay Employee an additional $300,000.00 (less
applicable taxes), pursuant to Section 3.6 of the Separation Agreement, in
consideration of the release set forth in Section II(B) below.

     C. Promptly after expiration of the rescission period in Section V below,
the Company will pay Employee's reasonable attorneys' fees in preparing and
negotiating the Separation Agreement and ancillary documents relating thereto in
an aggregate amount not to exceed $10,000.00.

II.  RELEASE OF CLAIMS ("Release"). The following Release does not apply to the
Company's obligations to Employee, or to Employee's obligations to the Company,
as described and contained in the Separation Agreement.

     A.   In consideration of the benefits listed in Section I(A) above,
Employee, on behalf of himself, his heirs, executors, family members,
beneficiaries, assignees, administrators, successors, and executors or anyone
acting or claiming to act on his behalf, hereby releases and forever discharges,
in full and final settlement, Lawson Software, Inc. and its predecessor the
Lawson Associates, Inc. and all of their respective divisions, parent,
subsidiaries, predecessors and successors, and all affiliated organizations,
companies, foundations, and other corporations as well as past and present
employees, agents, officials, officers, directors, and representatives, both
individually and in their representative capacities, from any and all claims or

                                       12
<PAGE>

causes of action of any type, both known or unknown, asserted and unasserted,
direct and indirect, and of any kind, nature, or description whatsoever, under
any local, state, or federal law(s), or the common law of the State of
Minnesota, arising or which may have arisen at any time prior to the date of
this General Release and Agreement. This Release includes, but is not limited
to, any and all claims arising from Employee's employment with the Company or
any business entity related to or acting on behalf of the Company, including
claims arising under the Minnesota Human Rights Act, Minnesota Law Against
Discrimination, Title VII of the 1964 Civil Rights Act, as amended, the
Americans with Disabilities Act, the Federal and State of Minnesota Fair Labor
Standards Acts, the Employee Retirement Income Security Act, and any other
local, state, or federal law(s) relating to illegal discrimination in the
workplace on the basis of race, religion, disability, sex, age, or other
characteristics of traits, as well as any claims that Employee may have been
wrongfully discharged, that a employment contract has been breached, that
Employee has been harassed or otherwise treated unfairly during his employment,
or that he has been defamed in any fashion. This Release also includes any
claims based upon (a) the value of stock options that have not vested or are
unexercisable after the date of termination of Employee's employment with the
Company pursuant to the applicable stock option agreements, grant notices or
stock option plans, and (b) the value of stock options previously granted to
Employee and that have vested and are exercisable as of the date of termination
of Employee's employment with the Company, but that Employee elects not to
exercise and pay for within the applicable period after the date of termination
of Employee's employment with the Company pursuant to the express terms of the
applicable stock option agreements, grant notices or stock option plans. This
Release also includes any claims for libel or slander, claims for assault or
battery, claims for infliction of emotional distress whether intentional or
negligent, claims of negligence (including negligent hiring, negligent
supervision, and negligent retention), or any and all other claims arising out
of Employee's employment relationship with the Company. This Release also
includes any claims for attorney's fees that Employee has or may have had for
any claim identified above. Employee acknowledges that the severance benefits
set forth in Section I(A) above constitute adequate consideration for this
Release.

     B.   In consideration of the benefits listed in Section I(B) above,
Employee hereby releases and forever discharges the Company and all of their
respective divisions, parent, subsidiaries, predecessors and successors, and all
affiliated organizations, companies, foundations, and other corporations, as
well as past and present employees, agents, officials, officers, directors, and
representatives, both individually and in their representative capacities, from
any and all claims or causes of action of any type, both known and unknown,
arising under or relating to the Age Discrimination in Employment Act, as
amended.

     C.   Except only for criminal conduct, violation of the Company's expense
reimbursement policy or violations of the federal securities laws, the Company
hereby releases and forever discharges Employee from any and all claims or
causes of action of any type, both known or unknown, asserted and unasserted,
direct and indirect, and of any kind, nature, or description whatsoever, under
any local, state, or federal law(s), or the common law of any state arising or
which may have arisen at any time on or before the date first set forth above in
this General Release and Agreement. This Section II.C shall automatically become
null and void if Employee rescinds the Release under Section V below.

                                       13
<PAGE>

III. NON-ADMISSION.

     It is understood and agreed that this General Release and Agreement does
not constitute an admission by the Company of any liability, wrongdoing, or
violation of any law. Further, the Company expressly denies any wrongdoing of
any kind whatsoever in its actions and dealings with Employee. Employee
acknowledges and agrees that the Company has no obligation to hire or employ
Employee in the future.

IV.  OPPORTUNITY TO SEEK ADVICE AND CONFIRMATION OF UNDERSTANDING.

     Employee acknowledges that Employee received this General Release and
Agreement on ____________, 2006. Employee has been informed by the Company that
Employee has the right to consult with an attorney (at Employee's own expense)
before signing this General Release and Agreement, and that Employee has
twenty-one (21) days after the date on which Employee received this General
Release and Agreement to consider whether or not Employee wishes to sign it.

     Employee acknowledges that Employee has read and understands this entire
General Release and Agreement, and has had sufficient opportunity to ask the
Company any questions about this General Release and Agreement. If Employee has
asked the Company any questions about this General Release and Agreement, all
questions have been answered and Employee understands and is satisfied with all
of those answers.

V.   OPPORTUNITY TO CONSIDER.

         Employee understands that Employee may cancel and rescind this General
Release and Agreement for any reason within fifteen (15) days after Employee has
signed it. If Employee decides to cancel and rescind this General Release and
Agreement, Employee must provide written notice of cancellation, and that notice
must be addressed to Senior Vice President - Human Resources, Lawson Software,
Inc., 380 St. Peter Street, St. Paul, Minnesota 55102. The notice must be
hand-delivered or sent by certified mail, return receipt requested, and
postmarked within the 15-day period.

VI.  COMPREHENSIVE NATURE OF AGREEMENT.

     The Separation Agreement, the exhibits to the Separation Agreement,
existing written stock option agreements and options plans and this General
Release and Agreement contain the entire agreement between the Company and
Employee. No other agreements, except the employee benefit plans in which
Employee participated, are in full force and effect. Employee acknowledges that
Employee has been advised in writing to consult Employee's own attorney, and
that Employee has had an opportunity to be represented by Employee's own
attorney, and that Employee has read and understands the terms of this General
Release and Agreement, and that Employee is voluntarily entering this General
Release and Agreement to take advantage of the benefits offered, and that there
have been no promises leading to the signing of this General Release and
Agreement except those that have been expressly contained in this written
document.

                                       14
<PAGE>

VII. NON-ASSIGNMENT.

     Employee and the Company agree that this General Release and Agreement may
not be assigned by either party unless the other party consents in writing,
except that the Company may assign this General Release and Agreement without
Employee's consent in connection with a merger or sale of the Company or sale of
substantially all of the assets of the Company or its applicable operating
division.

VIII. SAVINGS CLAUSE.

     If any provision of this General Release and Agreement is determined later
to be unenforceable or illegal, the remaining provisions shall remain in full
force and effect.

IX.  REMEDIES.

     Employee and the Company each acknowledge that the violation of any of the
terms of this General Release and Agreement will cause irreparable harm to the
other party and agrees that, in addition to any other relief afforded by law, an
injunction against the violation of the General Release and Agreement may issue
against the violating party. Both damages and injunction shall be proper modes
of relief and are not alternative remedies. If Employee or the Company commences
any action in equity to specifically enforce any of that party's respective
rights under this General Release and Agreement, the other party waives and
agrees not to assert the defense that that party has an adequate remedy at law.

X.   GOVERNING LAW.

     This General Release and Agreement will be construed and interpreted in
accordance with the laws of the State of Minnesota. The parties to this General
Release and Agreement agree and acknowledge that this General Release and
Agreement shall be considered to have been drafted equally by each of the
parties.

                                        LAWSON SOFTWARE,  INC.

Dated:                                  By:
      ----------------                     -------------------------------------

                                        Its:
                                           -------------------------------------

Dated:                                  Employee Name:  Robert G. Barbieri
      ----------------

                                        ----------------------------------------
                                        Employee Signature

                                       15EXHIBIT 10

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of July 27, 2006 (the "Effective Date"), by and among Westwood Holdings Group, Inc., a Delaware corporation (the "Company"), and Brian O. Casey ("Executive").

RECITALS

WHEREAS, the Executive currently serves as President and Chief Executive Officer of Westwood Holdings Group, Inc.;

WHEREAS, the Company desires to enter into an Executive Employment Agreement with the Executive;

NOW THEREFORE, the parties agree as follows:

1.               Term.  Subject to earlier termination as provided herein, the Company hereby agrees to continue Executive in its employ, and Executive hereby agrees to remain in the employ of the Company, commencing on the Effective Date and ending on April 30, 2010. The term of Executive's employment as provided in this Section 1 shall be hereinafter referred to as the "Term."

2.               Duties.

(a)             Executive's Positions and Titles.  Executive's positions and titles shall be President and Chief Executive Officer.

(b)            Executive's Duties.  The duties and responsibilities of Executive are and shall continue to be of an executive nature as shall be required by the Company in the conduct of its business and shall include the performance of such lawful and reasonable duties and responsibilities as the Board of Directors (the "Board") may from time to time assign to Executive not inconsistent with Executive's position(s) and shall include acting as president and chief executive officer for the Company's business.  Executive recognizes that during the period of Executive's employment hereunder, Executive owes an undivided duty of loyalty to the Company, and Executive will use Executive's good faith efforts to promote and develop the business of the Company.  Recognizing and acknowledging that it is essential for the protection and enhancement of the name and business of the Company and the goodwill pertaining thereto, Executive shall perform his duties under this Agreement professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and procedures established by Employer and the industry from time to time. Executive will not perform any duties for any other business without the prior written consent of the Compensation Committee, but may engage in charitable, civic or community activities, provided that such duties or activities do not materially interfere with the proper performance of Executive's duties under this Agreement.

(c)             Board Service.  Executive will be nominated for reelection as a member of the Board at each annual meeting of stockholders during the Term.  If so elected, Executive agrees that he will serve as a member of the Board.

3.               Compensation and Benefits.

(a)             Base Salary.  During the Term, Executive shall receive a base salary ("Base Salary"), paid in accordance with the normal payroll practices of the Company, at an annual rate of $450,000.00.  The Base Salary shall be reviewed from time to time in accordance with the Company's policies and practices, but no less frequently than once annually and may be increased, but not decreased, at any time and from time to time by action of the Board or the Compensation Committee. The term "Base Salary" shall include any such increases to the Base Salary from time to time.

(b)            Annual Incentive Plan and Discretionary Bonus Awards.  In addition to the Base Salary, Executive shall be eligible throughout the Term to receive performance-based and discretionary bonuses as a participant in the Company's Annual Incentive Plan and Discretionary Bonus Plan as approved by the Compensation Committee of the Board, and as amended from time to time.

(c)             Long-Term Incentive Award.  In addition to the Base Salary and participation in the Annual Incentive Plan, Executive has received an award of 100,000 shares of restricted stock subject to performance vesting goals.

(d)            Expenses.  During the Term, Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by him in accordance with the policies and practices of the Company as in effect from time to time.

(e)             Vacation.  During the Term, Executive shall be entitled to paid vacation in accordance with the policies and practices of the Company as in effect from time to time with respect to senior executives employed by the Company, but in no event shall such vacation time be less than four (4) weeks per calendar year.

4.               Termination.

(a)             Disability.  Either Executive or the Company may terminate Executive's employment, after having established Executive's Disability, by giving notice of his or its intention to terminate Executive's employment. For purposes of this Agreement, Executive shall be deemed to have a "Disability" for purposes of this Agreement if Executive has any medically determinable physical or mental impairment that has lasted for a period of not less than six (6) months in any twelve (12) month period and that renders Executive unable to perform the duties required under the Agreement.  Such determination shall be made by written certification ("Certificate") of Executive's Disability by a physician jointly selected by the Company and the Executive; provided that if the Company and Executive cannot reach agreement on the physician, the Certification shall be by a panel of physicians consisting of one physician selected by the Company, one physician selected by the Executive and a third physician jointly selected by those two physicians.

(b)            Cause.
(i)              The Company may terminate Executive's employment at any time for Cause, if Cause as defined below exists.

(ii)            For purposes of this Agreement, "Cause" means with respect to Executive the occurrence of any of the following events:
(A)           Executive's conviction of any felony or other serious crimes;

(B)           Executive's material breach of any of the terms of the Agreement or any other written agreement or material Company policy to which Executive and the Company are parties or are bound, if such breach shall be willful and shall continue beyond a period of twenty (20) days immediately after written notice thereof by the Company to Executive;

(C)           Wrongful misappropriation by Executive of any money, assets, or other property of the Company or a client of the Company;

(D)           Willful actions or failures to act by the Executive which subject the Executive or the Company to censure by the Securities and Exchange Commission as described in and pursuant to Section 203(e) or 203(f) of the Investment Advisers Act of 1940 or Section 9(b) of the Investment Company Act of 1940 or to censure by a state securities administrator pursuant to applicable state securities laws or regulations;

(E)            Executive's commission of fraud or gross moral turpitude; or

(F)            Executive's continued willful failure to substantially perform Executive's duties under this Agreement after receipt of written notice thereof and an opportunity to so perform.

(iii)          Cause shall be determined by the affirmative vote of at least seventy five percent (75%) of the members of the Board (excluding the Executive, if a Board member, and excluding any member of the Board involved in events leading to the Board's consideration of terminating Executive for Cause).  Executive shall be given twenty (20) days written notice of the Board meeting at which Cause shall be decided (which notice shall be deemed to be notice of the existence of Cause if Cause is found to exist by the Board), and shall be given an opportunity prior to the vote on Cause to appear before the Board, with or without counsel, at Executive's election, to present arguments on his behalf.  The notice to Executive of the Board meeting shall include a description of the specific reasons for such consideration of Cause.  During the notice period described herein, the Company shall not be prevented or delayed in its ability  to enforce the Restrictive Covenants contained herein.

(iv)          For purposes of this Section 4(b), no act or failure to act, on the part of Executive, shall be considered willful if it is done, or omitted to be done, by him in good faith and with a reasonable belief that his action or omission was in the best interests of the Company.

(c)             Good Reason.
(i)              Executive may terminate Executive's employment at any time for Good Reason, if:
(A)            (1) An event or condition occurs which constitutes any of (B) (1) through (B) (5) below; (2) Executive provides the Company with written notice that he intends to resign for Good Reason and such written notice includes (I) a designation of at least one of (B) (1) through (B) (5) below (the "Designated Section") and (II) specifically describes the events or conditions Executive is relying upon to satisfy the requirements of the Designated Section(s); (3) as of the twentieth day following the date notice is given by Executive to the Company, such events or conditions have not been corrected in all material respects; and (4) Executive's resignation is effective within ninety (90) days of the date Executive first has actual knowledge of the occurrence of the first event or condition upon which Executive relies upon to satisfy any of the Designated Section(s).

(B)            "Good Reason" shall mean the occurrence of any of the following without the express written consent of Executive:

(1)            any material breach by the Company of the Agreement (including any reduction in Executive's Base Salary);

(2)            any material adverse change in the status, position or responsibilities of Executive, including a change in Executive's reporting relationship so that he no longer reports to the Board, the removal from or failure to re-elect Executive as a member of the Board or if the Company becomes a wholly-owned subsidiary of another company, and Executive serves only as an officer of the subsidiary company;

(3)            assignment of duties to Executive that are materially inconsistent with Executive's position and responsibilities described in this Agreement;

(4)            the failure of the Company to assign this Agreement to a successor to the Company or failure of a successor to the Company to explicitly assume and agree to be bound by this Agreement; or

(5)            requiring Executive to be principally based at any office or location more than twenty-five (25) miles from the current offices of the Company in Dallas, Texas.

In addition, following a Change of Control, Executive shall be considered to have "Good Reason" for termination if he voluntarily terminates his employment within the ninety-day period immediately following the date that is three (3) months following the Change of Control.  A "Change of Control" shall mean (i) a merger or consolidation of the Company with or into another corporation (other than a merger undertaken solely in order to reincorporate in another state) immediately following which the beneficial holders of the voting stock of the Company immediately prior to such transaction or series of transactions do not continue to hold 50% or more of the voting stock (based upon voting power) of the Company or (A) any entity that owns, directly or indirectly, the stock of the Company, (B) any entity with which the Company has merged, or (C) any entity that owns an entity with which the Company has merged; (ii) a dissolution of the Company, (iii) a transfer of all or substantially all of the assets of the Company in one transaction or a series of related transactions to one or more other persons or entities, (iv) a transaction or series of transactions that results in any entity, "Person" or "Group" (as defined below), becoming the beneficial owner, directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company's then outstanding securities, or (v) during any period of two (2) consecutive years commencing on or after January 1, 2006, individuals who at the beginning of the period constituted the Company's Board of Directors cease for any reason to constitute at least a majority, unless the election of each director who was not a director at the beginning of the period has been approved in advance by directors representing at least two-thirds (2/3) of the directors then in office who were directors at the beginning of the period;  provided, however, that a "Change in Control" shall not be deemed to have occurred if the ownership of 50% or more of the combined voting power of the surviving corporation, asset transferee or Company (as the case may be), after giving effect to the transaction or series of transactions, is directly or indirectly held by (A) a trustee or other fiduciary under an employee benefit plan maintained by the Company, (B) one or more of the "executive officers" of the Company that held such positions prior to the transaction or series of transactions, or any entity, Person or Group under their control. As used herein, "Person" and "Group" shall have the meanings set forth in Sections 13(d)(3) and/or 14(d)(2) of the Securities Exchange Act of 1934, as amended, and "executive officer" shall have the meaning set forth in Rule 3b-7 promulgated under such Act. 

(d)            Termination by Executive Without Good Reason.  Executive may, at any time without Good Reason, by at least thirty (30) days' prior notice, terminate this Agreement.

(e)             Termination by the Company without Cause.  The Company may terminate Executive's employment at any time without Cause.

(f)              Notice of Termination.  Any termination of Executive's employment by the Company for Disability or for or without Cause, or by Executive for Disability or for or without Good Reason, shall be communicated by a Notice of Termination to the other party hereto.  For purposes of this Agreement, a "Notice of Termination" means a written notice which (i) indicates the specific termination provision in this Agreement relied upon; (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated; and (iii) specifies the Date of Termination (defined below); provided, such Notice of Termination may be conditional if coupled with a notice of the Board's consideration of "Cause" or Executive's intention to resign for "Good Reason," as the case may be, as provided above.

(g)             Date of Termination.  "Date of Termination" means the date Notice of Termination is given or any later date specified therein; provided, (i) any Notice of Termination pursuant to Section 4(a) shall be effective ninety (90) days after the date given, (ii) any Notice of Termination pursuant to Section 4(b) or Section 4(c) shall be effective not less than twenty (20) days after the date given, (iii) any Notice of Termination pursuant to Section 4(d) shall be effective not less than thirty (30) days after the date given, and (iv) in every other case any Notice of Termination shall be effective not more than fifteen (15) days after the date given. Executive's Date of Termination shall be the date of his death if applicable.

5.               Obligations of the Company upon Termination.  Executive's entitlements upon termination of employment are set forth below and the terms related to Executive's entitlement to severance and medical benefits post-employment are further summarized on Addendum A attached to this Agreement.  Except to the extent otherwise provided in this Agreement, all benefits, including stock option grants, restricted shares and awards under the Long Term Incentive Programs, shall be subject to the terms and conditions of the plan or arrangement under which such benefits accrue, are granted or are awarded. For purposes of this Section 5, the term "Accrued Obligations" shall mean, as of the Date of Termination, (i) Executive's full Base Salary through the Date of Termination, at the rate in effect at the time Notice of Termination is given (disregarding any reduction constituting Good Reason), to the extent not theretofore paid, (ii) the amount of any bonus, cash or incentive compensation earned (and so certified by the Compensation Committee, if applicable) (and not forfeited hereunder) by Executive as of the Date of Termination to the extent not theretofore paid, and (iii) any vacation pay, expense reimbursements and other cash entitlements accrued by Executive as of the Date of Termination to the extent not theretofore paid.  For purposes of determining an Accrued Obligation under this Section 5, no discretionary compensation shall be deemed earned or accrued until it is specifically approved by the Board or the Compensation Committee in accordance with the applicable plan, program or policy.  Executive shall not be eligible under any severance plan or agreement of the Company except as set forth herein.

(a)             Death.  If Executive's employment is terminated by reason of Executive's death, then this Agreement shall terminate without further obligations by the Company to Executive's legal representatives under this Agreement, except as set forth in this Section 5(a) or as contained in an applicable Company plan or program which takes effect at the date of his death, but in no event shall the Company's obligations be less than those provided by this Agreement:
(i)              Executive's Accrued Obligations not theretofore paid;

(ii)            from and after the Date of Termination, Executive's surviving spouse, other named beneficiaries or other legal representatives, as the case may be, shall be entitled to receive those benefits payable to them under the provisions of any plan or program described in Section 3 above;

(iii)          Executive's eligible dependents shall receive continuation of medical benefits upon the same terms as exist immediately prior to the termination of employment (or, if such benefits are not available, the value thereof in cash) for the twelve (12)-month period immediately following the Date of Termination, and at the end of such period, a COBRA qualifying event shall be deemed to occur; and

(iv)          all unexercised stock options and all unvested restricted shares and other equity-incentive compensation awards theretofore granted to Executive shall be fully vested and exercisable in accordance with the terms of the applicable agreement and the Company's Stock Incentive Plan (as amended and restated from time to time).

(b)            Disability.  If Executive's employment is terminated by reason of Executive's Disability, then Executive shall be entitled to receive as of the Date of Termination:
(i)              Executive's Accrued Obligations not theretofore paid;

(ii)            disability benefits, if any, at least equal to those then provided by the Company to disabled executives and their families;

(iii)          Executive and Executive's eligible dependents shall be entitled to receive those benefits payable to them under the provisions of any applicable plan or program described in Section 3 and above and shall receive continuation of medical benefits upon the same terms as exist immediately prior to the termination of employment (or, if such benefits are not available, the value thereof in cash) for the twelve (12) month period immediately following the Date of Termination, and at the end of such period, a COBRA qualifying event shall be deemed to occur; and

(iv)          the Board may, in its sole discretion, if in the best interest of the Company and the Executive, determine that all or part of the Executive's unexercised stock options and unvested restricted shares and other equity-incentive compensation awards become fully vested and exercisable.

(c)             With or Without Cause/Without Good Reason.  If Executive's employment is terminated with or without Cause by the Company or if Executive terminates Executive's employment without Good Reason, then the Company shall pay Executive all Accrued Obligations.  Any vested stock options shall be exercisable in accordance with the provisions of the applicable agreement or award.  In addition: 
(i)              if the Company makes the election described in Section 5(f), then the Company shall pay to Executive an amount equal to the Executive's annual Base Salary at the rate in effect at the time the Notice of Termination is given, payable in monthly installments for a period of twelve (12) months commencing with the month following the Date of Termination, 

(ii)            Executive and Executive's eligible dependents shall receive continuation of medical benefits upon the same terms as exist immediately prior to the termination of employment (or, if such benefits are not available, the value thereof in cash) for the twelve (12) month period immediately following the Date of Termination, and at the end of such period, a COBRA qualifying event shall be deemed to occur; provided that, the amount of any monthly payments pursuant to Section 5(c)(i) above shall be reduced by the employee's portion of the cost of such benefits, which Executive would be required to pay if he were actually employed during such period, and 

(iii)          If Executive's employment is terminated by the Company with Cause or by Executive without Good Reason, all unvested stock options and all unvested restricted shares shall be forfeited.  If Executive's employment is terminated by the Company without Cause, all unvested stock options and all unvested restricted shares shall be fully vested and exercisable in accordance with the terms of the applicable agreement and the Company's Stock Incentive Plan (as amended and restated from time to time)...

(d)            For Good Reason.  If Executive terminates Executive's employment for Good Reason, then:
(i)              The Company shall pay to Executive the following amounts:
(A)           Executive's Accrued Obligations not theretofore paid; and

(B)           an amount equal to the Executive's annual Base Salary at the rate in effect at the time the Notice of Termination is given (disregarding any reduction constituting Good Reason) payable in monthly installments for a period of twelve (12) months commencing with the month following the Date of Termination.

(ii)            Executive and Executive's eligible dependents shall receive continuation of medical benefits upon the same terms as exist immediately prior to the termination of employment (or, if such benefits are not available, the value thereof in cash) for the twelve (12) month period immediately following the Date of Termination, and at the end of such period, a COBRA qualifying event shall be deemed to occur; provided that the amount of any monthly payments pursuant to Section 5(d)(i)(B) above shall be reduced by the employee's portion of the cost of such benefits, which Executive would be required to pay if he were actually employed during such period;

(iii)          all unvested stock options and all unvested restricted shares shall be fully vested and exercisable in accordance with the terms of the applicable agreement and the Company's Stock Incentive Plan (as amended and restated from time to time); and

(iv)          Executive and Executive's eligible dependents shall be entitled to receive those benefits payable to them under the provisions of any applicable plan or program described in Section 3.

(e)             Section 409A Protective Provision.  Executive and the Company agree that if Executive is determined to be a "specified employee" as such term is defined in Section 409A of the Code upon termination of his employment, certain payments to Executive under this Section 5 may be required to be postponed to comply with Section 409A.  Thus, Executive and the Company agree that, in such event, any payments that are so postponed will be paid to Executive on the first day of the calendar month following the end of the required postponement period.

(f)              Compliance with Non-Compete Covenants.  The parties intend that all of the restrictive covenants set forth in Section 10 shall apply in the event that (i) the Executive terminates his employment with Good Reason, or (ii) the Executive terminates his employment within the ninety-day period immediately following the date that is three (3) months following a Change of Control.  However, if the Company terminates Executive's employment with or without Cause or the Executive terminates his employment without Good Reason under Section 5(c) hereof, the Company shall have an option, exercisable no later than sixty (60) days following termination, whether the Executive shall be required to comply with the restrictive covenants set forth in Section 10(d) hereof (the "Non-Compete Covenants").  The Company shall notify Executive in writing no later than the expiration of the sixty-day period whether it elects to enforce the Non-Compete Covenants.  If the Non-Compete Covenants apply, Executive acknowledges and agrees that Executive's right to receive severance benefits under Sections 5(cd) or (d) of this Agreement shall be contingent upon Executive's compliance with the Non-Compete Covenants.  If Executive fails to comply with the Non-Compete Covenants, then Executive shall not be entitled to any such severance benefits.  If the Company does not elect to enforce the Non-Compete Covenants, the Executive shall not be entitled to such severance benefits under Sections 5(c) or (d).

6.               Non-exclusivity of Rights.  Except as set forth in Section 5, nothing in this Agreement shall prevent or limit Executive's continuing or future participation in any benefit, bonus, incentive or other plan or program provided by the Company and for which Executive may qualify, nor shall anything herein limit or otherwise affect such rights as Executive may have under any stock option, restricted shares or other agreement with the Company or any of its affiliated companies. Except as otherwise provided herein, amounts and benefits which are vested benefits or which Executive is otherwise entitled to receive under any plan, program, agreement or arrangement of the Company at or subsequent to the Date of Termination shall be payable in accordance with such plan or program.

7.               No Set-Off; No Mitigation.  Except as provided herein, the Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim, recoupment, defense or other right which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.

8.               Arbitration of Disputes.  Except as set forth in Section 11, any controversy or claim arising out of or related to (A) this Agreement, (B) the breach thereof or (C) Executive's employment with the Company or the termination of such employment shall be settled by arbitration in Dallas, Texas before a single arbitrator administered by the American Arbitration Association ("AAA") under its National Rules for the Resolution of Employment Disputes, effective as of January 1, 2004 (the "Employment Rules"), and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Notwithstanding the foregoing, Rule R-34 of the AAA's Commercial Arbitration Rules amended and restated as of July 1, 2003 (instead of Rule 27 of the Employment Rules), shall apply to interim measures. References herein to any arbitration rule(s) shall be construed as referring to such rule(s) as amended or renumbered from time to time and to any successor rules. References to the AAA include any successor organization.

9.               Entire Agreement.  Executive acknowledges and agrees that this Agreement includes the entire agreement and understanding between the parties and supersedes any prior agreements, written or oral, with respect to the subject matter hereof, including the termination of Executive's employment during the Term and all amounts to which Executive shall be entitled whether during the Term or thereafter and all restrictive covenants to which Executive may be subject. 

10.            Executive's Covenants.

(a)             Executive's Acknowledgment.  Executive agrees and acknowledges that in order to assure the Company that it will retain its value and that of the Business as a going concern, it is necessary that Executive not utilize special knowledge of the Business and its relationships with customers to compete with the Company. For purposes of this Agreement, "Business" means the provision of investment management, investment advisory, portfolio management, financial analysis, research or similar services relating to the investment of international or domestic equity or debt securities or other activities or services of the type provided by the Company or its affiliates to its clients on a worldwide basis including, without limitation, open-end and closed-end, registered and unregistered, investment companies ("Funds"), and the direct and indirect sale and/or distribution of equity interests in the Funds; and "Competing Activity" or "Competing Activities" means engaging in the Business. Executive further acknowledges that:
(i)              the Company is and will be engaged in the Business during the Term and thereafter;

(ii)            Executive will occupy a position of trust and confidence with the Company, and during the Term, Executive will become familiar with the Company's trade secrets and with other proprietary and Confidential Information concerning the Company and the Business;

(iii)          the agreements and covenants contained in this Section 10 are essential to protect the Company, the client relationships and the goodwill of the Business and compliance with such agreements and covenants will not impair Executive's ability to procure subsequent and comparable employment; and

(iv)          Executive's employment with the Company has special, unique and extraordinary value to the Company and the Company would be irreparably damaged if Executive were to provide services to any person or entity in violation of the provisions of this Agreement.

(b)            Confidential Information.  For purposes of this Agreement, "Confidential Information" shall mean trade secrets and other proprietary information concerning the products, processes or services of the Company or any of its affiliates, which information (i) has not been made generally available to the public, and is useful or of value to Company's current or anticipated business activities or of those of any affiliate or client of Company; or (ii) has been identified to Executive as confidential, either orally or in writing, including, but not limited to: computer programs; research and other statistical data and analyses; marketing, organizational or other research and development, or business plans; personnel information, including the identity of other Executives of the Company, their responsibilities, competence, abilities, and compensation; financial, accounting and similar records of Company, its affiliates and/or any Fund or account managed by the Company or its affiliates (such Funds or accounts referred to herein as "Company Funds"); current and prospective client lists and information on clients and their Executives; client investment objectives, the nature of their investment portfolios and contractual agreements with the Company or its affiliates; information concerning planned or pending investment products, acquisitions or divestitures; and information concerning the marketing and/or sale or distribution of equity interests in the Funds. Confidential Information shall not include information which: (a) is in or hereafter enters the public domain through no fault of Executive; (b) is obtained by Executive from a third party having the legal right to use and disclose the same; or (c) is in the possession of Executive prior to receipt from the Company (as evidenced by Executive's written records pre-dating the date of employment). All notes, reports, plans, published memoranda or other documents created, developed, generated or held by Executive during employment, concerning or related to the Company's or its affiliates business, and whether containing or relating to Confidential Information or not, and all tangible personal property of the Company or its affiliates entrusted to Executive or in Executive's direct or indirect possession or control, are the property of the Company, and will be promptly delivered to the Company and not thereafter used by Executive upon termination of Executive's employment for any reason whatsoever.

(c)             Non-Disclosure.  Executive agrees that during employment with the Company (including any employment following the Term) and at all times thereafter, Executive shall not reveal to any competitor or other person or entity (other than current employees of the Company) any Confidential Information that Executive obtains while performing services for the Company, except as may be required in Executive's reasonable judgment to fulfill his duties hereunder.

(d)            Non-Compete and Related Covenants.  If (i) Executive terminates his employment with Good Reason, or (ii) the Company terminates Executive's employment with or without Cause, or Executive terminates without Good Reason, and in either case, the Company makes the election set forth in Section 5(f), or (iii) the Executive terminates his employment within the ninety-day period immediately following the date that is three (3) months following a Change of Control, then for a period of one year following the Date of Termination (such period the "Post-Termination Non-Compete Period"), Executive shall not engage in, or own or control any interest in, or act as an officer, director or employee of, or consultant, advisor or lender to any firm, corporation, institution, business or entity (each an "Entity") directly or indirectly engaged in the Business.  Further, during the Post-Termination Non-Compete Period, Executive shall not, directly or indirectly, on his behalf or on another's behalf:
(i)              solicit the Company's or its affiliates' clients to provide, offer to provide, or provide to any such clients, services or products of the kind generally offered or provided by Company or its affiliates; or

(ii)            solicit, induce or encourage any person who is then in the employ of the Company to leave his or her employment, agency or office with Company, or employ or be employed with any such person or persons, for the purpose of providing or offering to provide, services or products of the kind generally offered by Company or its affiliates; 

(iii)          Executive understands that Company's name, the name of any Funds and accounts managed by the Company (such proprietary Funds, accounts and any other client account managed by the Company, the "Company Accounts") and the investment performance of any Company Account are extremely valuable and are the result of the expenditure of substantial time, effort and resources by the Company.  Therefore, during the Post-Termination Non-Compete Period, Executive agrees that he will not, directly or indirectly, on his behalf or another's behalf: 
(A)           refer to the Company, "Westwood," "Westwood Holdings Group," "Westwood Funds," or any other name used by the Company, any Company Account or the investment performance thereof, or Executive's prior association with the Company or its affiliates or any Company Account in any public filing or in any advertisement or marketing of any service or product which is a Competing Activity; or 

(B)           maintain a relationship of the type described herein with any Entity which refers to the Company, any Company Account or the investment performance thereof, or Executive's prior association with Company or any Company Account in any public filing or in any advertisement or marketing of any service or product which is a Competing Activity.

(iv)          Notwithstanding the foregoing, nothing in this paragraph (d) shall prohibit Executive or any other person or Entity from referring to information described in said paragraphs, provided such reference is not made in advertising or marketing in newspapers, magazines, trade journals or other public media, or direct advertising or marketing materials, and such information is limited to the extent that (i) such information is contained in any SEC filings previously made by the Company, or (ii) reference to such information is otherwise required by law. The Company and Executive agree that, based on applicable rules, regulations and court decisions in effect as of the date this Agreement is entered into, information relating to the investment performance of any Company Account is not information reference to which "is otherwise required by law" within the meaning of said clause (ii). In addition, this Section 10(d) shall not prohibit Executive from being a passive owner of not more than two percent (2%) of the outstanding shares of any class of securities of an Entity whose securities are publicly traded, so long as Executive does not have any active participation in the business of such Entity.  

(e)             Non-Exclusive Remedy for Restrictive Covenants.  Executive acknowledges and agrees that the covenants set forth in this Section 10 (collectively, the "Restrictive Covenants") are reasonable and necessary for the protection of the Company's business interests, that irreparable injury will result to the Company if Executive breaches any of the terms of the Restrictive Covenants, and that in the event of Executive's actual or threatened breach of any such Restrictive Covenants, the Company will have no adequate remedy at law. Executive accordingly agrees that in the event of any actual or threatened breach by him of any of the Restrictive Covenants, the Company shall be entitled to immediate temporary injunctive and other equitable relief, without the necessity of showing actual monetary damages or the posting of bond. Nothing contained herein shall be construed as prohibiting the Company from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of damages. The duration of a Restrictive Covenant shall be extended by such time during which such breach or threatened breach continues without cure by Executive.

11.            Indemnification and Insurance.

(a)             The Company agrees that Executive shall be indemnified to the extent otherwise provided in agreements between the Company and Executive and pursuant to the Company's Certificate of Incorporation and Bylaws. 

(b)            During the Term and thereafter for the duration of any statute of limitations or other period during which a claim might be successfully brought against Executive, Executive shall be covered to the same extent as directors by any directors' and officers' liability insurance policy maintained by the Company from time to time.

12.            Successors.

(a)             This Agreement is personal to Executive and, without the prior written consent of the Company, shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by Executive's legal representatives.

(b)            This Agreement shall inure to the benefit of and be binding upon the Company and its successors. It shall not be assignable by the Company or its successors except in connection with the sale or other disposition of all or substantially all the assets or business of the Company. The Company shall require any successor to all or substantially all of the business or assets of the Company, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance reasonably satisfactory to Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as the Company would be required to perform if no such succession had taken place.

13.            Amendment; Waiver.  This Agreement may be amended, modified or changed only by a written instrument executed by Executive and the Company. No provision of this Agreement may be waived except by a writing executed and delivered by the party sought to be charged. Any such written waiver will be effective only with respect to the event or circumstance described therein and not with respect to any other event or circumstance, unless such waiver expressly provides to the contrary.

14.            Miscellaneous.

(a)             The provisions of Section 5 (Obligations of the Company upon Termination), Section 7 (No Set-Off; No Mitigation), Section 8 (Arbitration of Disputes), Section 10 (Executive's Covenants), Section 11 (Indemnification and Insurance), Section 12 (Successors), Section 13 (Amendment; Waiver) and this Section 14(a) shall survive the termination of Executive's employment with the Company for any reason, or the expiration of the Term of the Agreement pursuant to Section 1, and shall thereafter remain in full force and effect. 

(b)            In the event of any inconsistency between this Agreement and any other agreement, plan, program, policy or practice (collectively, "Other Provision") of the Company, the terms of this Agreement shall control unless such Other Provision provides otherwise by a specific reference to this Section 14(b).

(c)             This Agreement shall be governed by and construed in accordance with the laws of the State of Texas (except Section 11 which shall be governed by the laws of the State of Delaware), without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.

(d)            All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been duly given (i) the following business day after deposit from within the United States with a reputable express courier service (charges prepaid), (ii) three (3) days after mailing by certified or registered mail, return receipt requested and postage prepaid, or (iii) upon receipt in all other cases. Such notices, demands and other communications shall be sent to the addresses indicated below:
If to the Company:

Westwood Holdings Group, Inc.

200 Crescent Court, Suite 1200

Dallas,  TX  75201

Attention:  Chief Investment Officer

 
If to Executive:

 

Address per the Company records

 

or to such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party.

(e)             Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not invalidate or render unenforceable such provision in any other jurisdiction.

(f)              All compensation payable to Executive from the Company shall be subject to all applicable withholding taxes, normal payroll withholding and any other amounts required by law to be withheld.

(g)             This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same Agreement.

(h)             The descriptive headings in this Agreement are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. The use of the word "including" in this Agreement shall be by way of example rather than by limitation.

(i)              The language used in this Agreement will be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction will be applied against any party hereto.  Neither Executive nor the Company shall be entitled to any presumption in connection with any determination made hereunder in connection with any arbitration, judicial or administrative proceeding relating to or arising under this Agreement.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, each of the parties hereto has duly executed this Executive Employment Agreement as of the date and year first set forth above.

	

WESTWOOD HOLDINGS GROUP, INC.

By:  /s/ Susan M. Byrne 

Susan M. Byrne

Chairman and Chief Investment Officer 

EXECUTIVE

/s/ Brian O. Casey

Brian O. Casey

 

ADDENDUM A 

TO EXECUTIVE EMPLOYMENT AGREEMENT

 

	

EVENT
	

NON-COMPETE
	

SALARY
	

BENEFITS

	

Termination with or without Cause
	

Company elects to enforce non-compete
	

1 year
	

1 year

	

 
	

Company elects not to enforce non-compete
	

No
	

1 year

	

Resignation with Good Reason
	

Applies for one year
	

1 year
	

1 year

	

Resignation without Good Reason
	

Company elects to enforce non-compete
	

1 year
	

1 year

	

 
	

Company elects not to enforce non-compete
	

No
	

1 year

	

Termination following a Change of Control 
	

Applies for 1 year
	

1 year
	

1 year

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}]]