Document:

exv10w9

	 	 	 	 	 

Exhibit 10.9

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of                     ,
2009 between BroadSoft, Inc., a Delaware corporation (the “Company”), and [Name]
(“Indemnitee”).

     WITNESSETH THAT:

     WHEREAS, highly competent persons have become more reluctant to serve corporations as
directors or in other capacities unless they are provided with adequate protection through
insurance or adequate indemnification against inordinate risks of claims and actions against them
arising out of their service to and activities on behalf of the corporation;

     WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order to
attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis,
at its sole expense, liability insurance to protect persons serving the Company and its
subsidiaries from certain liabilities. Although the furnishing of such insurance has been a
customary and widespread practice among United States-based corporations and other business
enterprises, the Company believes that, given current market conditions and trends, such insurance
may be available to it in the future only at higher premiums and with more exclusions. At the same
time, directors, officers, and other persons in service to corporations or business enterprises are
being increasingly subjected to expensive and time-consuming litigation relating to, among other
things, matters that traditionally would have been brought only against the Company or business
enterprise itself. Indemnitee may also be entitled to indemnification pursuant to the General
Corporation Law of the State of Delaware (“DGCL”). The By-laws and the DGCL expressly provide that
the indemnification provisions set forth therein are not exclusive, and thereby contemplate that
contracts may be entered into between the Company and members of the board of directors, officers
and other persons with respect to indemnification;

     WHEREAS, the uncertainties relating to such insurance and to indemnification have increased
the difficulty of attracting and retaining such persons;

     WHEREAS, the Board has determined that the increased difficulty in attracting and retaining
such persons is detrimental to the best interests of the Company’s stockholders and that the
Company should act to assure such persons that there will be increased certainty of such protection
in the future;

     WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate
itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent
permitted by applicable law so that they will serve or continue to serve the Company free from
undue concern that they will not be so indemnified;

     WHEREAS, this Agreement is a supplement to and in furtherance of the By-laws of the Company
and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder; and

     WHEREAS, Indemnitee does not regard the protection available under the Company’s
By-laws and insurance as adequate in the present circumstances, and may not be willing to serve

 

 

as an officer or director without adequate protection, and the Company desires Indemnitee to
serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that he be so indemnified.

     NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve as a director after the
date hereof, the parties hereto agree as follows:

          1. Indemnity of Indemnitee. The Company hereby agrees to hold harmless and indemnify
Indemnitee to the fullest extent permitted by law, as such may be amended from time to time. In
furtherance of the foregoing indemnification, and without limiting the generality thereof:

               (a) Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee
shall be entitled to the rights of indemnification provided in this Section l(a) if, by
reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened to be
made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding
by or in the right of the Company. Pursuant to this Section 1(a), Indemnitee shall be
indemnified against all Expenses (as hereinafter defined), judgments, penalties, fines and amounts
paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with
such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in
a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the
Indemnitee’s conduct was unlawful.

               (b) Proceedings by or in the Right of the Company. Indemnitee shall be entitled to
the rights of indemnification provided in this Section 1(b) if, by reason of his Corporate
Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding
brought by or in the right of the Company. Pursuant to this Section 1(b), Indemnitee shall
be indemnified against all Expenses actually and reasonably incurred by the Indemnitee, or on the
Indemnitee’s behalf, in connection with such Proceeding if the Indemnitee acted in good faith and
in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company; provided, however, if applicable law so provides, no indemnification against such Expenses
shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee
shall have been adjudged to be liable to the Company unless and to the extent that the Court of
Chancery of the State of Delaware shall determine that such indemnification may be made.

               (c) Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a party to and is successful, on the merits or otherwise, in any
Proceeding, he shall be indemnified to the maximum extent permitted by law, as such may be amended
from time to time, against all Expenses actually and reasonably incurred by him or on his behalf in
connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful,
on the merits or otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by him or on his behalf in connection with each successfully resolved claim, issue or
matter. For purposes of this Section and without limitation, the termination of any claim, issue
or matter in such a Proceeding by dismissal, with
or without prejudice, shall be deemed to be a successful result as to such claim, issue or
matter.

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          2. Additional Indemnity. In addition to, and without regard to any limitations on,
the indemnification provided for in Section 1 of this Agreement, the Company shall and
hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him or on his behalf if,
by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant in
any Proceeding (including a Proceeding by or in the right of the Company), including, without
limitation, all liability arising out of the negligence or active or passive wrongdoing of
Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this
Agreement shall be that the Company shall not be obligated to make any payment to Indemnitee that
is finally determined (under the procedures, and subject to the presumptions, set forth in
Sections 6 and 7 hereof) to be unlawful. If any Fund Indemnitor, as defined in
Section 8 below, is or was a party or is threatened to be made a party to or is otherwise involved
in (including, without limitation, as a witness or responding to discovery) any Proceeding, and
such Fund Indemnitor’s involvement in the Proceeding arises from the Indemnitee’s Corporate Status,
then such Fund Indemnitor shall be entitled to all of the indemnification rights and remedies
(including, without limitation, the advancement of Expenses), and shall to the extent indemnified
hereunder undertake the obligations, of the Indemnitee under this Agreement to the same extent as
the Indemnitee, subject to the same limitations as set forth herein with respect to the Indemnitee.
The Company and Indemnitee agree that the Fund Indemnitors are express third party beneficiaries of
the terms hereof.

          3. Contribution.

               (a)Whether or not the indemnification provided in Sections 1 and 2 hereof is
available, in respect of any threatened, pending or completed action, suit or proceeding in which
the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or
proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or
settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such
payment and the Company hereby waives and relinquishes any right of contribution it may have
against Indemnitee. The Company shall not enter into any settlement of any action, suit or
proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding) unless such settlement provides for a full and final release of all
claims asserted against Indemnitee.

               (b) Without diminishing or impairing the obligations of the Company set forth in the preceding
subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion
of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in
which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or
proceeding), the Company shall contribute to the amount of expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or
payable by Indemnitee in proportion to the relative benefits received by the Company and all
officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with
Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and
Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding
arose; provided, however, that the proportion determined
on the basis of relative benefit may, to the extent necessary to conform to law, be further
adjusted by reference to the relative fault of the Company and all officers, directors or employees
of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined
in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in

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connection with the events that resulted in such expenses, judgments, fines or settlement amounts,
as well as any other equitable considerations which the Law may require to be considered. The
relative fault of the Company and all officers, directors or employees of the Company, other than
Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or
proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference
to, among other things, the degree to which their actions were motivated by intent to gain personal
profit or advantage, the degree to which their liability is primary or secondary and the degree to
which their conduct is active or passive.

               (c) The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims
of contribution which may be brought by officers, directors or employees of the Company, other than
Indemnitee, who may be jointly liable with Indemnitee.

               (d) To the fullest extent permissible under applicable law, if the indemnification provided
for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu
of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for
judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for
Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in
such proportion as is deemed fair and reasonable in light of all of the circumstances of such
Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as
a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the
relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in
connection with such event(s) and/or transaction(s).

          4. Indemnification for Expenses of a Witness, Etc. Notwithstanding any other
provision of this Agreement, to the extent that Indemnitee is a witness or is made (or asked to)
respond to discovery requests in any Proceeding involving the Company, its officers, directors,
shareholders or creditors to which Indemnitee is not a party, Indemnitee shall be indemnified
against all Expenses paid or incurred by Indemnitee in connection therewith and in the manner set
forth in this Agreement.

          5. Advancement of Expenses. Notwithstanding any other provision of this Agreement,
the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with
any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30) days after the receipt
by the Company of a statement or statements from Indemnitee requesting such advance or advances
from time to time, whether prior to or after final disposition of such Proceeding. Such statement
or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be
preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses
advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified
against such Expenses. Any advances and undertakings to repay pursuant to this Section 5
shall be unsecured and interest free.

          6. Procedures and Presumptions for Determination of Entitlement to Indemnification.
It is the intent of this Agreement to secure for Indemnitee rights of indemnity
that are as favorable as may be permitted under the Delaware General Corporation Law and
public policy of the State of Delaware. Accordingly, the parties agree that the following
procedures and presumptions shall apply in the event of any question as to whether Indemnitee is
entitled to indemnification under this Agreement:

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               (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a
written request, including therein or therewith such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon
receipt of such a request for indemnification, advise the Board of Directors in writing that
Indemnitee has requested indemnification.

               (b) Upon written request by Indemnitee for indemnification pursuant to the first sentence of
Section 6(a) hereof, a determination, if required by applicable law, with respect to
Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four
methods, which shall be at the election of the Board: (1) by a majority vote of the disinterested
directors, even though less than a quorum, (2) by a committee of disinterested directors designated
by a majority vote of the disinterested directors, even though less than a quorum, (3) if there are
no disinterested directors or if the disinterested directors so direct, by Independent Counsel in a
written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee, or
(4) if so directed by the Board of Directors, by the stockholders of the Company. Notwithstanding
the foregoing, following a Change in Control, the determination with respect to Indemnitee’s
entitlement to indemnification hereunder shall be made by Independent Counsel in a written opinion
to the Board of Directors, a copy of which shall be delivered to the Indemnitee. For purposes
hereof, disinterested directors are those members of the Board who are not parties to the action,
suit or proceeding in respect of which indemnification is sought by Indemnitee.

               (c) If the determination of entitlement to indemnification is to be made by Independent
Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall be selected as
provided in this Section 6(c). The Independent Counsel shall be selected by the Board of
Directors. Indemnitee may, within 10 days after such written notice of selection shall have been
given, deliver to the Company, as the case may be, a written objection to such selection; provided,
however, that such objection may be asserted only on the ground that the Independent Counsel so
selected does not meet the requirements of “Independent Counsel” as defined in Section 13
of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent
Counsel. If a written objection is made and substantiated, the Independent Counsel selected may
not serve as Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit. If, within 20 days after submission by Indemnitee
of a written request for indemnification pursuant to Section 6(a) hereof, no Independent
Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition
the Court of Chancery of the State of Delaware or other court of competent jurisdiction for
resolution of any objection which shall have been made by the Indemnitee to the Company’s selection
of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by
the court or by such other person as the court shall designate, and the person with respect to whom
all objections are so resolved or the person so appointed shall act as Independent Counsel under
Section 6(b) hereof. The Company shall pay any and all reasonable fees and expenses of
Independent Counsel incurred by such Independent
Counsel in connection with acting pursuant to Section 6(b) hereof, and the Company
shall pay all reasonable fees and expenses incident to the procedures of this Section 6(c),
regardless of the manner in which such Independent Counsel was selected or appointed.

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               (d) In making a determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall presume that Indemnitee is entitled to
indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the
burden of proof and the burden of persuasion by clear and convincing evidence. Neither the failure
of the Company (including by its directors or independent legal counsel) to have made a
determination prior to the commencement of any action pursuant to this Agreement that
indemnification is proper in the circumstances because Indemnitee has met the applicable standard
of conduct, nor an actual determination by the Company (including by its directors or independent
legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense
to the action or create a presumption that Indemnitee has not met the applicable standard of
conduct.

               (e) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on
the records or books of account of the Enterprise, including financial statements, or on
information supplied to Indemnitee by the officers of the Enterprise (as hereinafter defined) in
the course of their duties, or on the advice of legal counsel for the Enterprise or on information
or records given or reports made to the Enterprise by an independent certified public accountant or
by an appraiser or other expert selected with reasonable care by the Enterprise. In addition, the
knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the
Enterprise shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. Whether or not the foregoing provisions of this Section
6(e) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in
good faith and in a manner he reasonably believed to be in or not opposed to the best interests of
the Company. Anyone seeking to overcome this presumption shall have the burden of proof and the
burden of persuasion by clear and convincing evidence.

               (f) If the person, persons or entity empowered or selected under Section 6 to
determine whether Indemnitee is entitled to indemnification shall not have made a determination
within sixty (60) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
shall be entitled to such indemnification absent (i) a misstatement by Indemnitee of a material
fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such
indemnification under applicable law; provided, however, that such 60-day period may be extended
for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or
entity making such determination with respect to entitlement to indemnification in good faith
requires such additional time to obtain or evaluate documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section 6(g) shall
not apply if the determination of entitlement to indemnification is to be made by the stockholders
pursuant to Section 6(b) of this Agreement and if (A) within fifteen (15) days after
receipt by the Company of the request for such determination, the Board of Directors or the
Disinterested Directors, if appropriate, resolve to submit such determination to the stockholders
for their consideration at an annual meeting thereof to be held within seventy-five (75) days after
such receipt and such determination is made thereat, or (B) a special meeting of stockholders is
called
within fifteen (15) days after such receipt for the purpose of making such determination, such
meeting is held for such purpose within sixty (60) days after having been so called and such
determination is made thereat.

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               (g) Indemnitee shall cooperate with the person, persons or entity making such determination
with respect to Indemnitee’s entitlement to indemnification, including providing to such person,
persons or entity upon reasonable advance request any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any Independent Counsel, member of the Board of
Directors or stockholder of the Company shall act reasonably and in good faith in making a
determination regarding the Indemnitee’s entitlement to indemnification under this Agreement. Any
costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and
the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

               (h) The Company acknowledges that a settlement or other disposition short of final judgment
may be successful if it permits a party to avoid expense, delay, distraction, disruption and
uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is
resolved in any manner other than by adverse judgment against Indemnitee (including, without
limitation, settlement of such action, claim or proceeding with or without payment of money or
other consideration) it shall be presumed that Indemnitee has been successful on the merits or
otherwise in such action, suit or proceeding. Anyone seeking to overcome this presumption shall
have the burden of proof and the burden of persuasion by clear and convincing evidence.

               (i) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not
(except as otherwise expressly provided in this Agreement) of itself adversely affect the right of
Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and
in a manner which he reasonably believed to be in or not opposed to the best interests of the
Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to
believe that his conduct was unlawful.

               (j) The Company shall not enter into any settlement of any action, suit or proceeding in which
the Indemnitee is or could reasonably become a party unless such settlement provides for a full and
final release of all claims asserted against the Indemnitee.

          7. Remedies of Indemnitee.

               (a) In the event that (i) a determination is made pursuant to Section 6 of this
Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement
of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no
determination of entitlement to indemnification is made pursuant to Section 6(b) of this
Agreement within 90 days after receipt by the Company of the request for indemnification, (iv)
payment of indemnification is not made pursuant to this Agreement within ten (10) days after
receipt by the Company of a written request therefor or (v) payment of indemnification is not
made within ten (10) days after a determination has been made that Indemnitee is entitled to
indemnification or such determination is deemed to have been made pursuant to Section 6 of
this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the
State of Delaware, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to
such indemnification. Indemnitee shall commence such proceeding seeking an adjudication within

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180 days following the date on which Indemnitee first has the right to commence such proceeding
pursuant to this Section 7(a). The Company shall not oppose Indemnitee’s right to seek any
such adjudication.

               (b) In the event that a determination shall have been made pursuant to Section 6(b) of
this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding
commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial
on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination under
Section 6(b).

               (c) If a determination shall have been made pursuant to Section 6(b) of this Agreement
that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in
any judicial proceeding commenced pursuant to this Section 7, absent (i) a misstatement by
Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
misstatement not materially misleading in connection with the application for indemnification, or
(ii) a prohibition of such indemnification under applicable law.

               (d) In the event that Indemnitee, pursuant to this Section 7, seeks a judicial
adjudication of his rights under, or to recover damages for breach of, this Agreement, or to
recover under any directors’ and officers’ liability insurance policies maintained by the Company,
the Company shall pay on his behalf, in advance, any and all expenses (of the types described in
the definition of Expenses in Section 13 of this Agreement) actually and reasonably
incurred by him in such judicial adjudication, regardless of whether Indemnitee ultimately is
determined to be entitled to such indemnification, advancement of expenses or insurance recovery.

               (e) The Company shall be precluded from asserting in any judicial proceeding commenced
pursuant to this Section 7 that the procedures and presumptions of this Agreement are not
valid, binding and enforceable and shall stipulate in any such court that the Company is bound by
all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all
Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company
of a written request therefore) advance, to the extent not prohibited by law, such expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee
for indemnification or advance of Expenses from the Company under this Agreement or under any
directors’ and officers’ liability insurance policies maintained by the Company, regardless of
whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of
Expenses or insurance recovery, as the case may be.

               (f) Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement to indemnification under this Agreement shall be required to be made prior to the final
disposition of the Proceeding.

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          8. Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification;
Subrogation.

               (a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the
certificate of incorporation of the Company, the Bylaws, any agreement, a vote of stockholders, a
resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of
any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in
respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such
amendment, alteration or repeal. To the extent that a change in the Delaware General Corporation
Law, whether by statute or judicial decision, permits greater indemnification than would be
afforded currently under the Bylaws and this Agreement, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right
or remedy herein conferred is intended to be exclusive of any other right or remedy, and every
other right and remedy shall be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.

               (b) To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees or agents or fiduciaries of the Company or
of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise that such person serves at the request of the Company, Indemnitee shall be covered by
such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any director officer, employee, agent, or fiduciary under such policy or policies.
If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has
director and officer liability insurance in effect, the Company shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or desirable action to cause
such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such
Proceeding in accordance with the terms of such policies.

               (c) The Company hereby acknowledges that Indemnitee has certain rights to indemnification,
advancement of expenses and/or insurance provided by [NAME OF FUND] and its affiliates
(collectively, the “Fund Indemnitors”). The Company hereby agrees that it is the indemnitor of
first resort (i.e., its obligations to Indemnitee are primary and any obligation of the Fund
Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities
incurred by Indemnitee are secondary), and that the Company will not assert that the Indemnitee
must seek expense advancement or reimbursement, or indemnification, from any Fund Indemnitor before
the Company must perform its expense advancement and reimbursement, and indemnification
obligations, under this Agreement. No advancement or payment by the Fund Indemnitors on behalf of
the Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the
Company shall affect the foregoing. The Fund Indemnitors shall be subrogated to the extent of such
advancement or payment to all of the rights of recovery which Indemnitee would have had against the
Company if the Fund Indemnitors had not advanced or paid any amount to or on behalf of Indemnitee.
If for any reason a court of competent jurisdiction determines that the Fund Indemnitors are not
entitled to the subrogation rights described in the preceding sentence, the Fund Indemnitors shall

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have a right of contribution by the Company to the Fund Indemnitors with respect to any
advance or payment by the Fund Indemnitors to or on behalf of the Indemnitee.

               (d) In the event of any payment by the Company under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee from any
insurance policy purchased by the Company or (subject to the last sentence of this paragraph) from
any joint tortfeasor. The Indemnitee shall execute all papers required and take all action
necessary to secure such rights, including execution of such documents as are necessary to enable
the Company to bring suit to enforce such rights. In no event, however, shall the Company or any
other person have any rights of recovery, through subrogation or otherwise, against (i) the
Indemnitee, (ii) the Fund Indemnitors, or (iii) any insurance policy purchased or maintained by the
Indemnitees or the Fund Indemnitors (it being understood that the foregoing shall not, in any case,
limit the Company’s right to recover Expenses which have been advanced as provided in Section 5
above).

               (e) The Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually
received such payment under any insurance policy, contract, agreement or otherwise.

               (f) Except as provided in Section 8(c), the Company’s obligation to indemnify or advance
Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director,
officer, employee or agent of any other corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification or advancement of expenses from such other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise.

          9. Exception to Right of Indemnification. Notwithstanding any provision in this
Agreement, the Company shall not be obligated under this Agreement to make any indemnity in
connection with any claim made against Indemnitee:

               (a) for which payment has actually been made to or on behalf of Indemnitee under any insurance
policy or other indemnity provision, except as provided in Section 8(c) above and except with
respect to any excess beyond the amount paid under such insurance policy or other indemnity
provision; or

               (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Company within the meaning of Section 16(b) of the
Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common
law; or

               (c) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee,
including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the
Company or its directors, officers, employees or other indemnitees, unless (i) the Board of
Directors of the Company authorized the Proceeding (or any part of any Proceeding) prior to its
initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to
the powers vested in the Company under applicable law.

10

 

          10. Duration of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is an officer or director of the Company (or is
or was serving at the request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter
so long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under
Section 7 hereof) by reason of his Corporate Status, whether or not he is acting or serving
in any such capacity at the time any liability or expense is incurred for which indemnification can
be provided under this Agreement. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties hereto and their respective successors (including any direct or
indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of
the business or assets of the Company), assigns, spouses, heirs, executors and personal and legal
representatives.

          11. Security. To the extent requested by Indemnitee and approved by the Board of
Directors of the Company, the Company may at any time and from time to time provide security to
Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit,
funded trust or other collateral. Any such security, once provided to Indemnitee, may not be
revoked or released without the prior written consent of the Indemnitee.

          12. Enforcement.

               (a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as an officer
or director of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as an officer or director of the Company. The Company and Indemnitee agree
that each Fund Indemnitor is a third party beneficiary of this Agreement.

               (b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and
implied, between the parties hereto with respect to the subject matter hereof.

          13. Definitions. For purposes of this Agreement:

               (a) “Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the
Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise becoming
a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company
with another entity.

               (b) “Change in Control” shall be deemed to occur upon the earliest to occur after the date of
this Agreement of any of the following events:

               (i) Acquisition of Stock by Third Party. Any Person becomes the Beneficial
Owner, directly or indirectly, of securities of the Company representing twenty percent
(20%) or more of the combined voting power of the Company’s then outstanding securities;

11

 

               (ii) Change in Board of Directors. During any period of two (2) consecutive
years (not including any period prior to the execution of this Agreement), individuals who
at the beginning of such period constitute the Board, and any new director (other than a
director designated by a person who has entered into an agreement with the Company to effect
a transaction described in Sections 12(b)(i), 12(b)(iii) or 12(b)(iv)) whose election by the
Board, or nomination for election by the Company’s stockholders, was approved by a vote of
at least two-thirds of the directors then still in office who either were directors at the
beginning of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a least a majority of the members of the Board;

               (iii) Corporate Transactions. The effective date of a merger or consolidation
of the Company with any other entity, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior to such merger
or consolidation continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity) more than 51% of the combined
voting power of the voting securities of the surviving entity outstanding immediately after
such merger or consolidation and with the power to elect at least a majority of the board of
directors or other governing body of such surviving entity;

               (iv) Liquidation. The approval by the stockholders of the Company of a
complete liquidation of the Company or an agreement for the sale or disposition by the
Company of all or substantially all of the Company’s assets; and

               (v) Other Events. There occurs any other event of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a
response to any similar item on any similar schedule or form) promulgated under the Exchange
Act, whether or not the Company is then subject to such reporting requirement.

               (c) “Corporate Status” describes the status of a person who is or was a director, officer,
employee, agent or fiduciary of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise that such person is or was serving at the
express written request of the Company.

               (d) “Disinterested Director” means a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee.

               (e) “Enterprise” shall mean the Company and any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express
written request of the Company as a director, officer, employee, agent or fiduciary.

               (f) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

12

 

               (g) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, participating, or being or preparing to be a witness in a
Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting
from any Proceeding, including without limitation the premium, security for, and other costs
relating to any cost bond, supersede as bond, or other appeal bond or its equivalent. Expenses,
however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or
fines against Indemnitee.

               (h) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years has been, retained
to represent: (i) the Company or Indemnitee in any matter material to either such party (other
than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees
under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to
a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct
then prevailing, would have a conflict of interest in representing either the Company or Indemnitee
in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the
reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel
against any and all Expenses, claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto.

               (i) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange
Act; provided, however, that Person shall exclude (i) the Company, (ii) any trustee or other
fiduciary holding securities under an employee benefit plan of the Company, and (iii) any
corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock of the Company

               (j) “Proceeding” includes any threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is
or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was an
officer or director of the Company, by reason of any action taken by him or of any inaction on his
part while acting as an officer or director of the Company, or by reason of the fact that he is or
was serving at the request of the Company as a director, officer, employee, agent or fiduciary of
another corporation, partnership, joint venture, trust or other Enterprise; in each case whether or
not he is acting or serving in any such capacity at the time any liability or expense is incurred
for which indemnification can be provided under this Agreement; including one pending on or before
the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section
7 of this Agreement to enforce his rights under this Agreement.

          14. Severability. The invalidity of unenforceability of any provision hereof shall in
no way affect the validity or enforceability of any other provision. Without limiting the
generality of the foregoing, this Agreement is intended to confer upon Indemnitee

13

 

indemnification rights to the fullest extent permitted by applicable laws. In the event any
provision hereof conflicts with any applicable law, such provision shall be deemed modified,
consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

          15. Modification and Waiver. No supplement, modification, termination or amendment of
this Agreement shall be binding unless executed in writing by both of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver.

          16. Notice By Indemnitee. Indemnitee agrees promptly to notify the Company in writing
upon being served with or otherwise receiving any summons, citation, subpoena, complaint,
indictment, information or other document relating to any Proceeding or matter which may be subject
to indemnification covered hereunder. The failure to so notify the Company shall not relieve the
Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless
and only to the extent that such failure or delay materially prejudices the Company.

          17. Notices. All notices and other communications given or made pursuant to this
Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to
the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during
normal business hours of the recipient, and if not so confirmed, then on the next business day, (c)
five (5) days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications shall be
sent:

               (a) To Indemnitee at the address set forth below Indemnitee signature hereto.

               (b) To the Company at:

BroadSoft, Inc.

220 Perry Parkway

Gaithersburg, MD 20877

Attention: General Counsel

or to such other address as may have been furnished to Indemnitee by the Company or to the Company
by Indemnitee, as the case may be.

          18. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or
more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

          19. Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

14

 

          20. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations
among the parties shall be governed by, and construed and enforced in accordance with, the laws of
the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee
hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in
connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware
(the “Delaware Court”), and not in any other state or federal court in the United States of America
or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the
Delaware Court for purposes of any action or proceeding arising out of or in connection with this
Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the
Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action
or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum.

SIGNATURE PAGE TO FOLLOW

15

 

          IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement on and as
of the day and year first above written.

	 	 	 	 	 
	 	BROADSOFT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	[INDEMNITEE]

 	 
	 	 	 
	 	 	Name:  	 	 

	 	 	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

16exv10w10

    Exhibit 10.10
    

 

    BROADSOFT,
    INC.

 

    EXECUTIVE CHANGE
    IN

    CONTROL SEVERANCE BENEFITS AGREEMENT

 

    This Executive Change
    in Control Severance Benefits Agreement (the
    “Agreement”) is entered into as of
                   ,
    20   (the “Effective
    Date”), by and between
    Name of Executive
    (the “Executive”) and
    BroadSoft, Inc.,
    a Delaware corporation (the
    “Company”).

 

    WHEREAS, Executive is currently employed by the Company and the
    Company wishes to align the interests of Executive with the
    possibility of a Change in Control (as defined below) and
    therefore has decided to provide the Executive with benefits and
    protections in the event of a Change in Control.

 

    WHEREAS, the Company and Executive wish to enter into this
    Agreement to set forth the compensation and benefits that
    Executive will be eligible to receive in the event that
    Executive’s employment with the Company terminates
    following a Change in Control under the circumstances described
    herein.

 

    Accordingly, in consideration of the mutual promises and
    covenants contained herein, the parties agree to the following:

 

    1. Severance
    Benefits.

 

    1.1 Eligibility for Severance
    Benefits.  In the event that (a) a Change
    in Control (as defined below) is consummated, and
    (b) Executive’s employment terminates due to an
    Involuntary Termination (as defined below) or a Constructive
    Termination (as defined below), in either case, within one
    (1) month prior to, as of, or within twelve
    (12) months after, the effective date of such Change in
    Control (such events are referred to as “Covered
    Terminations”), Executive will be eligible for the
    compensation and benefits described in this Section 1. If
    Executive’s employment terminates for any reason other than
    a Covered Termination, Executive shall not be eligible to
    receive any compensation or benefits under this Agreement.
    Payment of any benefits described in this Section 1 shall
    be subject to the restrictions and limitations set forth in
    Section 1.3 and the Release contemplated therein.
    References to the Company in this Section 1 shall be deemed
    to include any affiliate of the Company, or the acquiring,
    surviving or successor entity in the Change in Control or their
    affiliates (collectively, “Successor”),
    as applicable.

 

    1.2 Severance Benefits.  Following
    a Covered Termination, and subject to the terms and conditions
    set forth in Section 1.3, Executive will be eligible for
    the following compensation and benefits:

 

    (a) Severance pay at the rate of Executive’s
    base salary in effect immediately prior to the effective date of
    the Covered Termination for a period (the “Severance
    Period”) of
    [12/9/6] months
    from the date that the Release described in Section 1.3
    below becomes effective and may no longer be revoked by
    Executive (the “Release Effective Date”),

    

    1

 

    less applicable withholdings and deductions as required by law,
    paid on the regular payroll dates of the Company, beginning with
    the first such date that occurs following the Release Effective
    Date. Notwithstanding the above, any severance payments that are
    regularly scheduled to occur under the provisions herein after
    March 15 of the calendar year following the year in which
    Executive’s right to receive severance begins shall instead
    be accelerated and paid in full through a lump-sum cash payment,
    less applicable withholdings and deductions as required by law,
    on March 15 of the subsequent calendar year.

 

    (b) If Executive is participating in the group
    health insurance plans of the Company on the effective date of
    the Covered Termination, and Executive timely elects and remains
    eligible for continued coverage under COBRA, or, if applicable,
    state insurance laws, the Company shall pay or shall reimburse
    Executive for that portion of Executive’s COBRA premiums
    that the Company was paying on behalf of Executive and his
    eligible dependents, if any, for such group health coverage
    immediately prior to the Covered Termination for the Severance
    Period or for the continuation period for which Executive is
    eligible, whichever is shorter. The Company’s COBRA premium
    payment or reimbursement obligation will end immediately if
    Executive obtains comparable health care insurance coverage from
    any other source during the Severance Period, and Executive
    agrees to promptly notify the Company upon obtaining such
    coverage. This Section 1.2(b) is not intended to affect,
    nor does it affect, the rights of Executive, or Executive’s
    covered dependents, under any applicable law with respect to
    health insurance continuation coverage.

 

    (c) The compensation and benefits provided to
    Executive pursuant to this Agreement are in lieu of, and not in
    addition to, any benefits to which Executive may otherwise be
    entitled under any other agreement between Executive and the
    Company or any Company severance plan, policy or program,
    including any individually negotiated severance provisions as
    part of any offer letter or employment agreement between the
    Company and Executive.

 

    1.3 Release.  Before any
    compensation or benefits will be payable to Executive or will be
    continued under this Agreement on account of a Covered
    Termination, Executive must (a) execute a release
    substantially in the form attached hereto as Exhibit A
    (the “Release”) within the
    applicable Consideration Period specified in the Release not to
    exceed forty-five (45) days after the effective date of the
    Covered Termination or, if no Consideration Period is specified
    in the Release, within fourteen (14) days of the effective
    date of the Covered Termination, (b) not revoke the Release
    within any applicable revocation period specified in the
    Release, and (c) comply with any post-termination
    obligations to the Company, including the confidentiality and
    non-disparagement provisions of the Release. In the event that
    Executive does not comply with any of the foregoing obligations,
    no compensation or benefits shall be payable under this
    Agreement to Executive, and the Company may cease any further
    payments or the provision of additional benefits hereunder.

 

    1.4 No Mitigation.  Executive shall
    not be required to mitigate damages or the amount of any payment
    provided under this Agreement by seeking other employment or
    otherwise, and except as expressly provided in
    Section 1.2(b) above, the amount of any payment provided
    for under this Agreement shall not be reduced by any
    compensation earned by Executive as a result of employment by
    another employer or by retirement benefits received

    

    2

 

    after the date of the Covered Termination, or otherwise.

 

    1.5 Basis of Payments.  All
    benefits under this Agreement shall be paid by the Company. This
    Agreement shall be unfunded, and benefits hereunder shall be
    paid only from the general assets of the Company.

 

    1.6 Definitions.  For purposes of
    this Agreement, the following terms shall have the following
    meanings:

 

    (a) “Cause” shall mean:
    (i) Executive’s commission of a felony; (ii) any
    act or omission of Executive constituting dishonesty, fraud,
    immoral or disreputable conduct that causes material harm to the
    Company; (iii) Executive’s violation of Company policy
    that causes material harm to the Company;
    (iv) Executive’s material breach of any written
    agreement between Executive and the Company which, if curable,
    remains uncured after notice; or (v) Executive’s
    breach of fiduciary duty.

 

    (b) “Change in Control” means the
    occurrence, in a single transaction or in a series of related
    transactions, of any one or more of the following events:

 

    (i) any person (as such term is used in
    Sections 13(d) and 14(d) of the Exchange Act) (an
    “Exchange Act Person”) becomes the
    beneficial owner (within the meaning of
    Rule 13d-3
    under the Exchange Act), directly or indirectly, of securities
    of the Company representing more than fifty percent (50%) of the
    combined voting power of the Company’s then outstanding
    securities other than by virtue of a merger, consolidation or
    similar transaction. Notwithstanding the foregoing, a Change in
    Control shall not be deemed to occur (A) on account of the
    acquisition of securities of the Company by an investor, any
    affiliate thereof or any other Exchange Act Person from the
    Company in a transaction or series of related transactions the
    primary purpose of which is to obtain financing for the Company
    through the issuance of equity securities, or (B) solely
    because the level of ownership held by any Exchange Act Person
    (the “Subject Person”) exceeds the
    designated percentage threshold of the outstanding voting
    securities as a result of a repurchase or other acquisition of
    voting securities by the Company reducing the number of shares
    outstanding, provided that if a Change in Control would occur
    (but for the operation of this sentence) as a result of the
    acquisition of voting securities by the Company, and after such
    share acquisition, the Subject Person becomes the owner of any
    additional voting securities that, assuming the repurchase or
    other acquisition had not occurred, increases the percentage of
    the then outstanding voting securities owned by the Subject
    Person over the designated percentage threshold, then a Change
    in Control shall be deemed to occur;

 

    (ii) there is consummated a merger, consolidation or
    similar transaction involving (directly or indirectly) the
    Company and, immediately after the consummation of such merger,
    consolidation or similar transaction, the stockholders of the
    Company immediately prior thereto do not own, directly or
    indirectly, either (A) outstanding voting securities
    representing more than fifty percent (50%) of the combined
    outstanding voting power of the surviving entity in such merger,
    consolidation or similar transaction or (B) more than fifty
    percent (50%) of the combined outstanding voting power of the
    parent of the surviving entity in such merger, consolidation or
    similar transaction, in each case in substantially the same

    

    3

 

    proportions as their ownership of the outstanding voting
    securities of the Company immediately prior to such
    transaction; or

 

    (iii) there is consummated a sale, lease, exclusive
    license or other disposition of all or substantially all of the
    consolidated assets of the Company and its subsidiaries, other
    than a sale, lease, license or other disposition of all or
    substantially all of the consolidated assets of the Company and
    its subsidiaries to an entity, more than fifty percent (50%) of
    the combined voting power of the voting securities of which are
    owned by stockholders of the Company in substantially the same
    proportions as their ownership of the outstanding voting
    securities of the Company immediately prior to such sale, lease,
    license or other disposition.

 

    For the avoidance of doubt, the term Change in Control shall not
    include a sale of assets, merger or other transaction effected
    exclusively for the purpose of changing the domicile of the
    Company.

 

    (c) “Constructive Termination”
    shall mean that Executive terminates Executive’s employment
    with the Company for Good Reason.

 

    (d) “Exchange Act” shall mean the
    Securities Exchange Act of 1934, as amended.

 

    (e) “Good Reason” shall mean any of
    the following, without Executive’s consent: (i) a
    material diminution of Executive’s responsibilities or
    duties (provided, however, that the acquisition of the
    Company and subsequent conversion of the Company to a division
    or unit of the acquiring company will not by itself be deemed to
    be a diminution of executive’s responsibilities or duties);
    (ii) reduction in the level of Executive’s base
    salary; (iii) relocation of the office at which Executive
    is principally based to a location that is more than thirty-five
    (35) miles from the location at which Executive performed
    his or her duties immediately prior to the effective date of a
    Change in Control or if the Executive is located in the
    Company’s Gaithersburg, MD office, to a location that is
    outside the Washington, D.C. metropolitan area;
    (iv) failure of a Successor in a Change in Control to
    assume this Agreement; or (v) the Company’s material
    breach of any written agreement between Executive and the
    Company. Notwithstanding the foregoing, any actions taken by the
    Company to accommodate a disability of Executive or pursuant to
    the Family and Medical Leave Act shall not be a Good Reason for
    purposes of this Agreement. Additionally, before Executive may
    terminate employment for a Good Reason, Executive must notify
    the Company in writing within thirty (30) days after the
    initial occurrence of the event, condition or conduct giving
    rise to Good Reason, the Company must fail to remedy or cure the
    alleged Good Reason within the thirty (30) day period after
    receipt of such notice if capable of being cured within such
    thirty-day
    period, and, if the Company does not cure the Good Reason (or it
    is incapable of being cured within such
    thirty-day
    period), then Executive must terminate employment by no later
    than thirty (30) days after the expiration of the last day
    of the cure period (or, if the event condition or conduct is not
    capable of being cured within such
    thirty-day
    period, within thirty (30) days after initial notice to the
    Company of the violation). Transferring Executive’s
    employment to a Successor is not itself Good Reason to terminate
    employment under this Agreement, provided, however, that

    

    4

 

    subparagraphs (i) through (v) above shall continue to
    apply to Executive’s employment by the Successor.

 

    (f) “Involuntary Termination” shall
    mean that Executive’s employment is terminated by the
    Company without Cause. The termination of Executive’s
    employment as a result of the death or disability of Executive
    shall not, in any event, be deemed to be an “Involuntary
    Termination.” Transferring employment to a Successor shall
    not be considered an Involuntary Termination under this
    Agreement.

 

    2. General
    Provisions.

 

    2.1 Employment Status.  This
    Agreement does not constitute a contract of employment or impose
    on Executive any obligation to remain as an employee, or impose
    on the Company any obligation to (a) retain Executive as an
    employee, (b) change the status of Executive as an at-will
    employee or (c) change the Company’s policies
    regarding termination of employment.

 

    2.2 Nonexclusivity.  Except as
    specifically provided herein, nothing in this Agreement shall
    prevent or limit Executive’s continuing or future
    participation in any benefit, bonus, incentive or other plans,
    programs, policies or practices provided by the Company and for
    which Executive may otherwise qualify, nor shall anything herein
    limit or otherwise affect such rights as Executive may have
    under any stock option or other equity agreements with the
    Company. Except as otherwise expressly provided herein, amounts
    which are vested benefits of which Executive is otherwise
    entitled to receive under any plan, policy, practice or program
    of the Company at or subsequent to the date of a Covered
    Termination shall be payable in accordance with such plan,
    policy, practice or program.

 

    2.3 Non-Alienation of Benefits.  No
    benefit hereunder shall be subject to anticipation, alienation,
    sale, transfer, assignment, pledge, encumbrance or change, and
    any attempt to so subject a benefit hereunder shall be void.

 

    2.4 Notices.  Any notices provided
    hereunder must be in writing and shall be deemed effectively
    given: (a) upon personal delivery to the party to be
    notified, (b) when sent by electronic mail, telex or
    confirmed facsimile if sent during normal business hours of the
    recipient, and if not, then on the next business day,
    (c) five (5) days after having been sent by registered
    or certified mail, return receipt requested, postage prepaid, or
    (d) one (1) day after deposit with a nationally
    recognized overnight courier, specifying next day delivery, with
    written verification of receipt. All communications shall be
    sent to the Company at its primary office location and to
    Executive at Executive’s address as listed on the Company
    payroll, or at such other address as the Company or Executive
    may designate by ten (10) days advance written notice to
    the other.

 

    2.5 Severability.  Whenever
    possible, each provision of this Agreement will be interpreted
    in such manner as to be effective and valid under applicable
    law, but if any provision of this Agreement is held to be
    invalid, illegal or unenforceable in any respect under any
    applicable law or rule in any jurisdiction, such invalidity,
    illegality or unenforceability will not affect any other
    provision or any other jurisdiction, but this Agreement will be
    reformed,

    

    5

 

    construed and enforced in such jurisdiction as if such invalid,
    illegal or unenforceable provisions had never been contained
    herein.

 

    2.6 Waiver.  If either party should
    waive any breach of any provisions of this Agreement, Executive
    or it shall not thereby be deemed to have waived any preceding
    or succeeding breach of the same or any other provision of this
    Agreement.

 

    2.7 Complete Agreement.  This
    Agreement, including Exhibit A, constitutes the
    entire agreement between Executive and the Company with regard
    to the subject matter hereof. This Agreement is the complete,
    final, and exclusive embodiment of their agreement with regard
    to this subject matter and supersedes any prior oral discussions
    or written communications and agreements. This Agreement is
    entered into without reliance on any promise or representation
    other than those expressly contained herein.

 

    2.8 Amendments.  This Agreement may
    be amended, modified or terminated only in writing signed by
    Executive and the Company. The Company may only consent to an
    amendment or modification of this Agreement after such amendment
    or modification has been approved by the Company’s Board of
    Directors or compensation committee thereof.

 

    2.9 Counterparts.  This Agreement
    may be executed in separate counterparts, any one of which need
    not contain signatures of more than one party, but all of which
    taken together will constitute one and the same Agreement.

 

    2.10 Headings.  The headings of the
    sections hereof are inserted for convenience only and shall not
    be deemed to constitute a part hereof nor to affect the meaning
    thereof.

 

    2.11 Successors and Assigns.  This
    Agreement is intended to bind and inure to the benefit of and be
    enforceable by Executive and the Company, and their respective
    successors, assigns, heirs, executors and administrators, except
    that Executive may not assign any of Executive’s duties
    hereunder and Executive may not assign any of Executive’s
    rights hereunder without the written consent of the Company.

 

    2.12 Choice of Law.  All questions
    concerning the construction, validity and interpretation of this
    Agreement will be governed by the law of the State of Maryland.

 

    2.13 Resolution of Disputes.

 

    (a) Exclusive Remedy.  The parties
    recognize that litigation in federal or state courts or before
    federal or state administrative agencies of disputes arising out
    of this Agreement may not be in the best interests of either
    Executive or the Company, and may result in unnecessary costs,
    delays, complexities, and uncertainty. The parties agree that
    any dispute between the parties arising out of or relating to
    the negotiation, execution, performance or termination of this
    Agreement shall be settled by binding arbitration in accordance
    with the National Rules for the Resolution of Employment
    Disputes of the American Arbitration Association. The location
    for the arbitration shall be in the Washington, D.C.
    metropolitan area. Any award made by such panel shall be final,
    binding and conclusive on the parties for all

    

    6

 

    purposes, and judgment upon the award rendered by the
    arbitrators may be entered in any court having jurisdiction
    thereof. The arbitrators’ fees and expenses and all
    administrative fees and expenses associated with the filing of
    the arbitration shall be borne by the Company; provided
    however, that at Executive’s option, Executive may
    voluntarily pay up to one-half the costs and fees. The parties
    acknowledge and agree that their obligations to arbitrate under
    this Section survive the termination of this Agreement and
    continue after the termination of the employment relationship
    between Executive and the Company. The parties each further
    agree that the arbitration provisions of this Agreement shall
    provide each party with its exclusive remedy, and each
    party expressly waives any right it might have to seek redress
    in any other forum, except as otherwise expressly provided in
    this Agreement. By election of arbitration as the means for
    final settlement of all claims, the parties hereby waive
    their respective rights to, and agree not to, sue each other in
    any action in a Federal, State or local court with respect to
    such claims, but may seek to enforce in court an arbitration
    award rendered pursuant to this Agreement. The parties
    specifically agree to waive their respective rights to a trial
    by jury, and further agree that no demand, request or motion
    will be made for trial by jury.

 

    (b) Indemnification.  In the event that
    either party breaches this arbitration agreement and attempts to
    resolve in court claims covered by this provision, such party
    agrees to indemnify the other party for all legal costs and
    attorneys’ fees incurred to defend such action in court and
    to enforce the provisions of the arbitration clause.

 

    (c) Continuing Nature of Agreement to
    Arbitrate.  The parties acknowledge and agree that
    their obligations under this Section 2.13 survive the
    termination of this Agreement and continue after the termination
    of the employment relationship between Executive and the Company.

 

    2.14 Opportunity for Independent Counsel and
    Advisors.  Executive acknowledges that
    Executive has had an opportunity to retain and consult with
    independent counsel and tax advisors to review this Agreement.

 

    2.15 Application of
    Section 409A.  Notwithstanding anything
    to the contrary set forth herein, any payments and benefits
    provided under this Agreement that constitute “deferred
    compensation” within the meaning of Section 409A of
    the Internal Revenue Code of 1986, as amended
    (“Code”) and the regulations and other
    guidance thereunder and any state law of similar effect
    (collectively, “Section 409A”)
    shall not commence in connection with Executive’s
    termination of employment unless and until Executive has also
    incurred a “separation from service” (as such term is
    defined in Treasury
    Regulation Section 1.409A-1(h)
    (“Separation From Service”), unless the
    Company reasonably determines that such amounts may be provided
    to Executive without causing Executive to incur the additional
    20% tax under Section 409A.

 

    It is intended that each installment of severance pay provided
    for in this Agreement is a separate “payment” for
    purposes of Treasury
    Regulation Section 1.409A-2(b)(2)(i).
    For the avoidance of doubt, it is intended that severance
    payments set forth in this Agreement satisfy, to the greatest
    extent possible, the exceptions from the application of
    Section 409A provided under Treasury
    Regulation Sections 1.409A-1(b)(4),
    1.409A-1(b)(5), and 1.409A-1(b)(9).

    

    7

 

    If the Company (or, if applicable, the successor entity thereto)
    determines that any payments or benefits constitute
    “deferred compensation” under Section 409A and
    Executive is, on the termination of service, a “specified
    employee” of the Company or any successor entity thereto,
    as such term is defined in Section 409A(a)(2)(B)(i) of the
    Code, then, solely to the extent necessary to avoid the
    incurrence of the adverse personal tax consequences under
    Section 409A, the timing of the payments and benefits shall
    be delayed until the earlier to occur of: (a) the date that
    is six months and one day after Executive’s Separation From
    Service, or (b) the date of Executive’s death (such
    applicable date, the “Specified Employee Initial
    Payment Date”). On the Specified Employee Initial
    Payment Date, the Company (or the successor entity thereto, as
    applicable) shall (i) pay to Executive a lump sum amount
    equal to the sum of the payments and benefits that Executive
    would otherwise have received through the Specified Employee
    Initial Payment Date if the commencement of the payment of such
    amounts had not been so delayed pursuant to this Section and
    (ii) commence paying the balance of the payments and
    benefits in accordance with the applicable payment schedules set
    forth in this Agreement.

 

    [Signature
    Page Follows]

    

    8

 

    In Witness
    Whereof, the parties have executed this Executive
    Change in Control Severance Benefits Agreement on the day and
    year first written above.

 

    BroadSoft, Inc.

 

			
	 	    By: 
	
    

    Name:

    Title:

 

    [Executive]

 

    Exhibit A:  Form of Release Agreement

    

    9

 

    Exhibit A

    

 

    Form of Release
    Agreement

 

    1. Release.  In exchange for the payments
    and other consideration provided under the Executive Change in
    Control Severance Benefits Agreement (“Severance
    Agreement”), and other good and valuable
    consideration, to which Executive would not otherwise be
    entitled, and except as otherwise set forth in this Release
    Agreement, Executive hereby generally and completely releases,
    acquits and forever discharges the Company, its parents and
    subsidiaries, and its and their officers, directors, managers,
    partners, agents, servants, employees, attorneys, shareholders,
    successors, assigns and affiliates, of and from any and all
    claims, liabilities, demands, causes of action, costs, expenses,
    attorneys fees, damages, indemnities and obligations of every
    kind and nature, in law, equity, or otherwise, both known and
    unknown, suspected and unsuspected, disclosed and undisclosed,
    arising out of or in any way related to agreements, events, acts
    or conduct at any time prior to and including the execution date
    of this Release Agreement, including but not limited to: all
    such claims and demands directly or indirectly arising out of or
    in any way connected with Executive’s employment with the
    Company or the termination of that employment; claims or demands
    related to salary, bonuses, commissions, stock, stock options,
    or any other ownership interests in the Company, vacation pay,
    fringe benefits, expense reimbursements, severance pay, or any
    other form of compensation; claims pursuant to any federal,
    state or local law, statute, or cause of action; tort law; or
    contract law. The claims and causes of action Executive is
    releasing and waiving in this Release Agreement include, but are
    not limited to, any and all claims and causes of action that the
    Company, its parents and subsidiaries, and its and their
    respective officers, directors, agents, servants, employees,
    attorneys, shareholders, successors, assigns or affiliates:

 

			
	 	    • 
	
    has violated its personnel policies, handbooks, contracts of
    employment, or covenants of good faith and fair dealing;

	 
	 	    • 
	
    has discriminated against Executive on the basis of age, race,
    color, sex (including sexual harassment), national origin,
    ancestry, disability, religion, sexual orientation, marital
    status, parental status, source of income, entitlement to
    benefits, any union activities or other protected category in
    violation of any local, state or federal law, constitution,
    ordinance, or regulation, including but not limited to: the
    Age Discrimination in Employment Act, as amended (the
    “ADEA”); Title VII of the Civil
    Rights Act of 1964, as amended; the Maryland Fair Employment
    Practices Act; Maryland Law on Equal Pay; 42 U.S.C.
    § 1981, as amended; the Equal Pay Act; the Americans
    With Disabilities Act; the Employee Retirement Income Security
    Act, Section 510; and the National Labor Relations
    Act; and

 

			
	 	    • 
	
    has violated any statute, public policy or common law (including
    but not limited to claims for retaliatory discharge; negligent
    hiring, retention or supervision; defamation; intentional or
    negligent infliction of emotional distress
    and/or
    mental anguish; intentional interference with contract;
    negligence; detrimental reliance; loss of consortium to
    Executive or any member of Executive’s family
    and/or
    promissory estoppel).

 

    Notwithstanding the foregoing, Executive is not releasing any of
    the following rights or claims: (i) claims for severance
    payments or benefits in accordance with the Severance Agreement,
    (ii) claims for vested retirement benefits under any
    tax-qualified retirement plan of the Company, (iii) claims
    relating to the conversion or continuation of insured welfare
    benefits under any employee benefit plan sponsored or maintained
    by the Company in which Executive was a participant as of the
    date of termination or resignation, (iv) any rights of
    indemnification that Executive may have for any liabilities
    arising from Executive’s actions within the course and
    scope of employment with the Company or within the course and
    scope of Executive’s role as a member of the Board of
    Directors
    and/or
    officer of the Company, or (v) any rights or claims that
    may arise after the execution date of this Release Agreement.
    Also excluded from this Release Agreement are any claims which
    cannot be waived by law. Executive is waiving, however,
    Executive’s right to any monetary recovery should any
    governmental agency or entity, such as the EEOC or the DOL,
    pursue any claims on Executive’s behalf. Executive also
    acknowledges that the consideration given to Executive in
    exchange for the waiver and release in the Release Agreement is
    in addition to anything of value to which Executive was already
    entitled, and that Executive has been paid for all time worked,
    has received all the leave, leaves of absence and leave benefits
    and protections for which Executive is eligible, and has not
    suffered any on-the-job injury for which Executive has not
    already filed a claim. Executive further acknowledges that
    Executive has been advised by this writing that:
    (a) Executive’s waiver and release does not apply to
    any rights or claims that may arise after the execution date of
    this Release Agreement; and (b) Executive has been advised
    hereby that Executive has the right to consult with an attorney
    prior to executing this Release Agreement.

 

    2. ADEA Waiver and Release.  Executive
    acknowledges that Executive is knowingly and voluntarily waiving
    and releasing any rights Executive may have under the ADEA, as
    amended. Executive acknowledges that Executive has been advised
    by this writing that: (a) Executive has twenty-one
    (21) days (except in the event that Executive’s
    employment was terminated as part of a group termination, as
    determined by the Company, in which case Executive has
    forty-five (45) days) to consider this Release Agreement
    (although Executive may choose to voluntarily execute this
    Release Agreement earlier, in which case, Executive will sign
    the Consideration Period waiver below); (b) Executive has
    seven (7) days following execution of this Release
    Agreement to revoke it; and (c) this Release Agreement
    shall not be effective until the date upon which the revocation
    period has expired unexercised (the “Effective
    Date”), which shall be the eighth day after this
    Release Agreement is executed by Executive. Executive may revoke
    this Release Agreement during the seven (7) day revocation
    period by notifying the Company’s Chief Executive Officer,
    Chief Financial Officer, or General Counsel in writing.

 

    3. Confidentiality.  The provisions of
    this Release Agreement will be held in strictest confidence by
    Executive and will not be publicized or disclosed in any manner
    whatsoever; provided, however, that: (a) Executive
    may disclose this Release Agreement to

 

    Executive’s immediate family; (b) Executive may
    disclose this Release Agreement in confidence to
    Executive’s attorney, accountant, auditor, tax preparer,
    and financial advisor; and (c) Executive may disclose this
    Release Agreement insofar as such disclosure may be required by
    law.

 

    4. Nondisparagement.  Executive agrees not
    to disparage the Company, and the Company’s employees,
    directors, managers, partners, agents, attorneys and affiliates,
    in any manner likely to be harmful to them or their business,
    business reputation or personal reputation; provided that
    Executive may respond accurately and fully to any question,
    inquiry or request for information when required by legal
    process.

 

    5. No Admission.  This Release Agreement
    does not constitute an admission by the Company of any wrongful
    action or violation of any federal, state, or local statute, or
    common law rights, including those relating to the provisions of
    any law or statute concerning employment actions, or of any
    other possible or claimed violation of law or right.

 

    6. Breach.  Executive agrees that upon any
    breach of this Release Agreement by Executive, Executive will
    forfeit all amounts paid or owing to Executive under this
    Release Agreement. Further, Executive acknowledges that it may
    be impossible to assess the damages caused by Executive’s
    violation of the terms of Section 1 of this Release
    Agreement and further agree that any threatened or actual
    violation or breach of those paragraphs of this Release
    Agreement will constitute immediate and irreparable injury to
    the Company. Executive therefore agrees that any such breach of
    this Release Agreement is a material breach of this Release
    Agreement, and, in addition to any and all other damages and
    remedies available to the Company upon Executive’s breach
    of this Release Agreement, the Company shall be entitled to an
    injunction to prevent Executive from violating or breaching this
    Release Agreement. Executive agrees that if the Company is
    successful in whole or part in any legal or equitable action
    against Executive under this Section 6, Executive agrees to
    pay all of the costs, including reasonable attorney’s fees,
    incurred by the Company in enforcing the terms of this Release
    Agreement

 

    7. Miscellaneous.  This Release Agreement
    constitutes the complete, final and exclusive embodiment of the
    entire agreement between Executive and the Company with regard
    to this subject matter. It is entered into without reliance on
    any promise or representation, written or oral, other than those
    expressly contained herein, and it supersedes any other such
    promises, warranties or representations. This Release Agreement
    may not be modified or amended except in a writing signed by
    both Executive and a duly authorized officer of the Company.
    This Release Agreement will bind the heirs, personal
    representatives, successors and assigns of both Executive and
    the Company, and inure to the benefit of both Executive and the
    Company, their heirs, successors and assigns. If any provision
    of this Release Agreement is determined to be invalid or
    unenforceable, in whole or in part, this determination will not
    affect any other provision of the Release Agreement and the
    provision in question will be modified by the court so as to be
    rendered enforceable. This Release Agreement will be deemed to
    have been entered into and will be construed and enforced in
    accordance with the laws of the State of Maryland as applied to
    contracts made and to be performed entirely within the State of
    Maryland.

 

    BroadSoft,
    Inc.

 

			
	    By: 
	
    

	 

    Name:

    Title:

 

    Executive:

 

    [Name of Executive]

 

    Date: ­
    ­

 

    CONSIDERATION
    PERIOD

 

    I,
                   ,
    understand that I have the right to take at least 21 days
    (or 45 days if Executive’s employment is being
    terminated as part of a group termination) (the
    “Consideration Period”) to consider
    whether to sign this Release Agreement, which I received on
                   ,
    20  . If I elect to sign this Release Agreement
    before the Consideration Period has passed, I understand I am to
    sign and date below this paragraph to confirm that I knowingly
    and voluntarily agree to waive the Consideration Period.

 

    Agreed:

 

    Employee Signature

 

    Date

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