Document:

Amendment Number One to Credit Agreement

 Exhibit 10.1 
 Execution Version 
 AMENDMENT NUMBER ONE TO CREDIT AGREEMENT 
 This Amendment Number One to Credit Agreement (this “Amendment”) is entered into as of March 27, 2008, by and among CAPTARIS, INC., a
Washington corporation (“Borrower”), WELLS FARGO FOOTHILL, LLC, as administrative agent (“Agent”) and sole Lender under that certain Credit Agreement dated January 2, 2008, by and among Borrower, Agent and the Lenders
(as amended, restated, extended, renewed, replaced or otherwise modified from time to time, the “Credit Agreement”), with respect to the following: 
 RECITALS 
 A. Borrower has requested that the Lender Group agree to certain amendments of the Credit
Agreement; and 
 B. The Lender Group is willing to so amend the Credit Agreement as set forth herein. 
 NOW, THEREFORE, Borrower and the Lender Group hereby amend the Credit Agreement as follows: 
 1. DEFINITIONS. All initially capitalized terms used in this Amendment shall have the meanings ascribed to such terms in the Credit
Agreement unless specifically defined herein. 
 2. AMENDMENTS.  
 (a) The following new definition is hereby added to Schedule 1.1 of the Credit Agreement in alphabetical order: 
 “Bank Products Reserve” means, as of any date of determination, the amount of reserves that Agent has established (based
upon the Bank Product Providers’ reasonable determination of the credit exposure of Borrower and its Subsidiaries in respect of Bank Products) in respect of Bank Products then provided or outstanding. 
 (b) The following existing definitions in Schedule 1.1 of the Credit Agreement are hereby amended and restated in their entirety to read as follows:

 “Credit Amount” means the result of (a)(i) 0.75 times (ii) TTM Maintenance Fee Revenues, calculated
as of the last month for which financial statements have most recently been delivered pursuant to Section 5.1 minus (b) the amount of the Bank Product Reserve. 
 “Required Library” means, as of any date of determination, the copyrights of the Loan Parties that are based on or
derived from those computer software programs or other technology of the Loan Parties that at the time account for not less than 80% of the total amount of the net product and subscription revenues of the Loan Parties for the immediately preceding
fiscal quarter of Borrower. 
 (c) Section 2.4(b)(ii) of the Credit Agreement is hereby amended and restated in its entirety to read as
follows: 
 “(b) At any time that an Application Event has occurred and is continuing and except as otherwise provided
with respect to Defaulting Lenders, all payments remitted to Agent and all proceeds of Collateral received by Agent shall be applied as follows: 
  

 -1- 

 (A) first, to pay any Lender Group Expenses (including cost or expense
reimbursements) or indemnities then due to Agent under the Loan Documents, until paid in full, 
 (B) second, to pay
any fees or premiums then due to Agent under the Loan Documents until paid in full, 
 (C) third, to pay interest due
in respect of all Protective Advances until paid in full, 
 (D) fourth, to pay the principal of all Protective
Advances until paid in full, 
 (E) fifth, ratably to pay any Lender Group Expenses (including cost or expense
reimbursements) or indemnities then due to any of the Lenders under the Loan Documents, until paid in full, 
 (F)
sixth, ratably to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full, 
 (G) seventh, ratably to pay interest due in respect of the Advances (other than Protective Advances) and the Swing Loans until paid in full, 
 (H) eighth, ratably (i) to pay the principal of all Swing Loans until paid in full, (ii) to pay the principal of all
Advances until paid in full, (iii) to Agent, to be held by Agent, for the ratable benefit of Issuing Lender and those Lenders having a Revolver Commitment, as cash collateral in an amount up to 105% of the Letter of Credit Usage, and
(iv) to Agent, to be held by Agent, for the benefit of the Bank Product Providers, as cash collateral in an amount up to the amount of the Bank Product Reserve, 
 (I) ninth, to pay any other Obligations (including the provision of amounts to Agent, to be held by Agent, for the benefit of the
Bank Product Providers, as cash collateral in an amount up to the amount determined by Agent in its Permitted Discretion as the amount necessary to secure Borrower’s and its Subsidiaries’ obligations in respect of Bank Products), and

 (J) tenth, to Borrower (to be wired to the Designated Account) or such other Person entitled thereto under
applicable law. 
 (d) Clauses (c), (d) and (e) of Schedule 3.6 to the Credit Agreement are hereby amended and restated in their
entirety to read as follows: 
 (c) on or prior to the date that is 120 days after the Closing Date, Agent shall have received
a Source Code Escrow Agreement, duly executed by the Loan Parties, Agent and an escrow agent reasonably satisfactory to Agent, with respect to the source and object code for each version or versions of each item of computer software programs or
other technology of the Loan Parties constituting the Required Library; 
 (d) on or prior to the date that is 150 days after
the Closing Date, Agent shall have received evidence reasonably satisfactory to it that the source and object code for each version or versions of each item of computer software programs or other technology of the Loan Parties constituting the
Required Library has been deposited with the escrow agent in accordance with the terms and conditions of the Source Code Escrow Agreement, as provided in the Security Agreement; 
  

 -2- 

 (e) on or prior to April 15, 2008, Borrower shall have closed all bank accounts that
it or its Subsidiaries maintain at Silicon Valley Bank or Borrower shall have otherwise complied with Section 6.11; 
 (e)
Exhibit C-2 (Form of Credit Amount Certificate) to the Credit Agreement is replaced in its entirety by Exhibit C-2 attached hereto as Annex 1. 
 3. REPRESENTATIONS AND WARRANTIES. Borrower hereby affirms to the Lender Group that all of Borrower’s representations and warranties set forth in the Credit Agreement are true, complete and accurate in all respects as of
the date hereof. 
 4. NO DEFAULTS OR EVENTS OF DEFAULT. Borrower hereby affirms to the Lender Group that no Default or Event
of Default has occurred and is continuing as of the date hereof. 
 5. CONDITIONS PRECEDENT. The effectiveness of this
Amendment is expressly conditioned upon receipt by Agent of: 
 (a) a fully executed copy of this Amendment; 
 (b) a fully executed acknowledgement from the Guarantors in the form attached hereto; and 
 (c) such other documents, and completion of such other matters, as Agent may reasonably deem necessary or appropriate. 
 6. COSTS AND EXPENSES. Borrower shall pay to Agent all of Agent’s out-of-pocket costs and expenses (including, without
limitation, the fees and expenses of its counsel, which counsel may include any local counsel deemed necessary, search fees, filing and recording fees, documentation fees, and other fees) arising in connection with the preparation, execution, and
delivery of this Amendment and all related documents. 
 7. LIMITED EFFECT. In the event of a conflict between the terms and
provisions of this Amendment and the terms and provisions of the Credit Agreement, the terms and provisions of this Amendment shall govern. In all other respects, the Credit Agreement, as amended and supplemented hereby, shall remain in full force
and effect. 
 8. REPRESENTATIONS. Borrower represents and warrants to the Lender Group that (i) this Amendment has
been duly authorized by its Board of Directors (or equivalent governing body), (ii) no consents are necessary from any third person for the execution, delivery or performance of this Amendment which have not already been obtained and a copy
thereof delivered to Agent, and (iii) this Amendment constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms, except to the extent that the enforceability thereof against it may be limited by
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforceability of creditors’ rights generally or by equitable principles of general application (whether considered in an action at law or
in equity). 
 9. GOVERNING LAW. This Amendment shall be governed by and construed in accordance with the internal laws
of the State of California, without regard to principles of conflicts of law. 
 10. MULTIPLE COUNTERPARTS;
EFFECTIVENESS. This Amendment may be executed in multiple counterparts, each of which constitute an original, but all of which taken together shall constitute 

  

 -3- 

 
but one agreement. It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart signed by the party to be
charged. 
 11. ELECTRONIC DELIVERY. Delivery of an executed counterpart of this Amendment by facsimile or other
electronic transmission shall be no less effective than delivery of a manually executed counterpart. 
 12. BINDING
AGREEMENT. It is understood and agreed that this Amendment shall be binding upon and shall inure to the benefit of the Lender Group and Borrower, and their respective successors and assigns. 
 13. ENTIRE AGREEMENT. This Amendment represents the entire agreement and understanding concerning the subject matter hereof and
thereof between the parties hereto, and supersedes all other prior agreements, understandings, negotiations and discussions concerning the subject matter hereof, whether oral or written. 
 [Remainder of Page Intentionally Left Blank; Signatures Commence on Next Page] 
  

 -4- 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set forth above.

  

							
		 		 	CAPTARIS, INC.,
		 		 	as Borrower
				
		 		 	By:	 	/s/ Peter Papano
		 		 	Name:	 	Peter Papano
		 		 	Title:	 	CFO
			
		 		 	WELLS FARGO FOOTHILL, LLC,
		 		 	as Agent and as the sole Lender
				
		 		 	By:	 	/s/ Michael Ganann
		 		 	Name:	 	Michael Ganann
		 		 	Title:	 	Vice President

  

 -5- 

 ACKNOWLEDGEMENT BY GUARANTORS 
 Dated as of March 27, 2008 
 In order to induce the Lender Group to execute Amendment
No. 1 to Credit Agreement of even date herewith (the “Amendment”), amending that certain Credit Agreement (the “Credit Agreement”), dated as of January 2, 2008, among Captaris, Inc., the financial
institutions party thereto as lenders (the “Lenders”) and Wells Fargo Foothill, LLC, as agent for the Lenders (in such capacity, the “Agent”), the undersigned hereby represent, warrant and agree that the undersigned
have reviewed and approved the Amendment and that nothing contained therein shall diminish, alter, amend or otherwise affect the undersigned’s obligations under the Guaranty or any other Loan Document executed by them in connection with the
Credit Agreement. The undersigned further confirm that each Loan Document executed by them shall continue in full force and effect and agrees that they shall continue to be liable under each such Loan Document in accordance with the terms thereof.
The undersigned further confirm that (a) they have no defense, counterclaim or offset right whatsoever with respect to their obligations under the Loan Documents. Unless otherwise noted, any and all initially capitalized terms set forth in this
Acknowledgment by Guarantors shall have the respective meanings ascribed thereto in the Credit Agreement, as amended by the Amendment. 
  

			
	INFORMATION MANAGEMENT RESEARCH, INC.
		
	By:	 	/s/ Peter Papano
	Name:	 	Peter Papano
	Title:	 	CFO
	
	CAPTARIS INTERNATIONAL, INC.
		
	By:	 	/s/ Peter Papano
	Name:	 	Peter Papano
	Title:	 	CFO
	
	CASTELLE
		
	By:	 	/s/ Peter Papano
	Name:	 	Peter Papano
	Title:	 	CFO

  

 -6- 

 ANNEX 1 
 [Attached Exhibit C-2 (Form of Credit Amount Certificate)] 
  

 -7- 

 EXHIBIT C-2 
 FORM OF CREDIT AMOUNT CERTIFICATE 
 Wells Fargo Foothill, LLC 
 2450 Colorado Avenue 
 Suite 3000 West 
 Santa Monica, California 90404 
 The undersigned, Captaris,
Inc., a Washington corporation (“Borrower”), pursuant to Schedule 5.2 of that certain Credit Agreement dated as of January 2, 2008 (as amended, restated, modified, supplemented, refinanced, renewed, or extended from time
to time, the “Credit Agreement”), entered into among Borrower, the lenders signatory thereto from time to time, Wells Fargo Foothill, LLC, a Delaware limited liability company, as the arranger and administrative agent (in such capacity,
together with its successors and assigns, if any, in such capacity, “Agent”), hereby certifies to Agent that the following items, calculated in accordance with the terms and definitions set forth in the Credit Agreement for such
items are true and correct, and that Borrower is in compliance in all material respects with and, after giving effect to any currently requested Advances, will be in compliance in all material respects with, the terms, conditions, and provisions of
the Credit Agreement. 
 All initially capitalized terms used in this Credit Amount Certificate have the meanings set forth in the Credit
Agreement unless specifically defined herein. 
 [Remainder of page intentionally left blank.] 
  

 -1- 

 Effective Date of Calculation:______________ 
  

									
	1.	  	Credit Amount for the month of [insert month] (the month for which financial statements have most recently been delivered pursuant to Section 5.1).	  		    	
					
		  	a.	  	TTM Maintenance Fee Revenues for the 12 month period ending [insert month]	  	$ ____________	    	
					
		  	b.	  	0.75 times the amount in item 1.a.	  		    	$ ____________
					
		  	c.	  	Bank Product Reserve	  	$ ____________	    	
					
		  	d.	  	Credit Amount (item 1.b minus item 1.c)	  		    	$ ____________
				
	2.	  	Credit Amount Excess Calculation	  		    	
					
		  	a.	  	Credit Amount (item 1.d.)	  		    	$ ____________
					
		  	b.	  	Revolver Usage	  	$ ____________	    	
					
		  	c.	  	Amount by which item 2.b. exceeds item 2.a. (if none, no prepayment; if positive, prepayment in accordance with Section 2.4(e))	  		    	$ ____________

  

 -2- 

 Borrower hereby certifies and represents and warrants to the Lender Group that all of the foregoing is
true and correct as of the effective date of the calculation set forth above and that such calculation has been made in accordance with the requirements of the Credit Agreement. 
  

			
	 CAPTARIS, INC.,
 a Washington
corporation

		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

 -3-Captaris, Inc. Executive Severance Pay Plan

 Exhibit 10.5 
 CAPTARIS, INC. EXECUTIVE SEVERANCE PAY PLAN 
 Amended and Restated Effective July 1, 2008

 TABLE OF CONTENTS 
  

					
			
	1.	  	Introduction	  	1
			
	2.	  	Eligibility	  	1
			
	3.	  	Benefits	  	3
			
	4.	  	How the Plan is Administered	  	7
			
	5.	  	Amendment or Termination of the Plan	  	8
			
	6.	  	Miscellaneous	  	8
			
	7.	  	No Contract of Employment	  	8
			
	8.	  	Claim Procedure	  	8

 -i- 

 1. Introduction 
  
  
 Captaris, Inc. (the “Company”) has established the Captaris, Inc. Executive Severance Pay Plan, as set forth herein and as may be amended from time to time (the “Plan”), to provide severance pay and other benefits to
certain employees whose employment is terminated involuntarily by the Company without Cause or who terminate their employment with the Company for Good Reason on or after March 15, 2005. The restatement set forth herein is effective as of
July 1, 2008 and applies to all amounts that are initially deferred or that become vested under the Plan after June 30, 2008. Amounts that were initially deferred or that became vested on or after March 15, 2005, but prior to
June 30, 2008, shall also be governed by this amendment and restatement, modified by the operations of the Plan during such period in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and then
applicable IRS guidance (including transition relief). 
 2. Eligibility 
  

	 Eligible Employees 
	The following Company employees are covered by this Plan: 

  

	 	(1)	The Chief Executive Officer; 

  

	 	(2)	The Chief Financial Officer; 

  

	 	(3)	The Chief Legal Officer; and 

  

	 	(4)	Any other employees notified in writing by the Company’s Compensation Committee (the “Compensation Committee”) that they are covered by this plan; provided that such
employees must be members of a select group of management or highly compensated employees (as determined by the Compensation Committee in its sole and absolute discretion). 

 The employees who are covered by this Plan are referred to as “Eligible Employees.” No other employees can become entitled to benefits under
this Plan 
  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 1

	 Conditions to Receive Benefits 
	An Eligible Employee will be entitled to benefits under this Plan if all of the following conditions are satisfied: 

  

	 	(1)	The Eligible Employee’s employment is terminated involuntarily by the Company after March 15, 2005 without Cause, or the Eligible Employee terminates from employment with
the Company after March 15, 2005 for Good Reason; 

  

	 	(2)	The Eligible Employee executes a release of claims acceptable to the Company (the “Release”) within the time period specified by the Company (but not prior to termination
of employment) and does not revoke that Release during the revocation period specified therein (the “Revocation Period”) (such execution and revocation periods not to extend beyond March 15 of the calendar year following the calendar
year in which the Eligible Employee’s employment terminates); and 

 If the Eligible Employee is a party to a Change in
Control Agreement with the Company, then the Eligible Employee will be subject to an additional condition. Any such Eligible Employee will only be entitled to benefits under this Plan if all of the preceding conditions are satisfied and the Eligible
Employee’s employment terminates prior to a Change in Control, as defined in the Change in Control Agreement between the Eligible Employee and the Company. If there is no Change in Control Agreement between the Eligible Employee and the
Company, then this condition does not apply. 
 Termination for Cause 
 For purposes of this Plan, “Cause” means any of the following: 
  

	 	(1)	The Eligible Employee’s willful misconduct or dishonesty in the performance of, or the Eligible Employee’s willful failure to perform, any of the Eligible Employee’s
material duties or obligations to the Company ; 

  

	 	(2)	The Eligible Employee’s willful injury of the Company, or the Eligible Employee’s breach of fiduciary duty to the Company involving personal profit;

  

	 	(3)	Conviction of the Eligible Employee of the violation of a state or federal criminal law involving the commission of a crime against the Company or any felony;

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 2

	 	(4)	Habitual or repeated misuse by the Eligible Employee of alcohol or controlled substances that materially impairs the Eligible Employee’s ability to perform any of his or her
duties or obligations to the Company; 

  

	 	(5)	Any material or willful violation by the Eligible Employee of any provisions of the Employment Agreement or Employee Intellectual Property Agreement (if any) between the Eligible
Employee and the Company; or 

  

	 	(6)	Any past or present act by the Eligible Employee involving moral turpitude adversely affecting the business, goodwill or reputation of the Company, or materially and adversely
affecting the Eligible Employee’s ability to effectively represent the Company with the public. 

 Termination for
Good Reason 
 For purposes of this Plan, “Good Reason” means the occurrence of any of the following, without the Eligible
Employee’s consent: 
  

	 	(1)	A material reduction in the Eligible Employee’s authority, duties or responsibilities with respect to the Company; provided that a change in the person or office to which the
Eligible Employee reports, without a corresponding reduction in authority, duties and responsibilities will not constitute Good Reason; 

  

	 	(2)	A reduction of at least 5% in the Eligible Employee’s then current base salary or target annual bonus, which reduction is not related to behavior or performance by the
Executive that (i) would constitute “Cause” (as defined above), or (ii) is otherwise below reasonable expectations; provided, however, that this paragraph (2) will not apply in any case in which substantially
all of the Eligible Employees are subject to substantially similar reductions; or 

  

	 	(3)	A relocation by the Company of the principal location at which the Eligible Employee is required to provide services to any location that is more than 50 miles from the principal
location at which the Eligible Employee is providing services as of the later of January 1, 2005 or the Eligible Employee’s date of hire. 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 3

 Notwithstanding any provision in this Agreement to the contrary, termination of employment by the
Eligible Employee will not be for Good Reason unless (i) the Eligible Employee notifies the Company in writing of the existence of the condition which the Eligible Employee believes constitutes Good Reason within 90 days of the initial
existence of such condition (which notice specifically identifies such condition), (ii) the Company fails to remedy such condition within 30 days after the date on which it receives such notice (the “Remedial Period”),
and (iii) the Eligible Employee actually terminates employment within 30 days after the expiration of the Remedial Period. If the Eligible Employee terminates employment before the expiration of the Remedial Period, then the Eligible
Employee’s termination of employment will not be considered to be for Good Reason. However, the fact that the Company remedies such condition after the expiration of the Remedial Period, but prior to the Eligible Employee’s Date of
Termination, shall not prevent the Eligible Employee’s termination of employment from being for Good Reason; provided that the foregoing shall not be construed as a determination that termination under such circumstances constitutes a
“separation from service for good reason,” within the meaning of Treasury Regulation Section 
1.409A-1(n)(2). 
 3. Benefits 
  
  
  

	 Amount of Severance Pay 
	Subject to the other provisions of the Plan, if an Eligible Employee becomes entitled to severance benefits under the Plan, the amount of severance pay to which the Eligible Employee will be entitled will
include the Base Salary Component and the Bonus Component, as described below. 

  
  
 Base Salary Component 
 The Base Salary Component will consist of base salary continuation, payable in the course of the Company’s regularly scheduled payroll and subject
to normal withholdings, for a period of time equal to 12 months; provided, that any portion of the Base Salary Component that would not, under the foregoing schedule, be paid to the Eligible Employee by March 15 of the calendar
year following the year of termination shall be paid in a lump sum to the Eligible Employee on such March 15 (or if such date is not a business day, then on the last business day immediately preceding such March 15). 
  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 4

 Bonus Component 
 The Bonus Component is a lump sum payment payable on the date the Eligible Employee becomes entitled to severance benefits under the Plan calculated as the sum of: 
  

	 	(1)	The product of (a) the Eligible Employee’s target annual bonus payable for the fiscal year in which the Eligible Employee’s employment terminates, and (b) a
fraction, the numerator of which is the number of days in the current fiscal year through the date on which the Eligible Employee’s employment terminates, and the denominator of which is 365; and 

  

	 	(2)	An amount equal to the Eligible Employee’s target annual bonus payable for the fiscal year in which the Eligible Employee’s employment terminates.

  

	 Payment of Severance Following Death 
	If the Eligible Employee dies before the severance pay to which he or she had become entitled under the Plan has been distributed, such severance pay will be paid to the Eligible Employee’s estate.

  

	 Other Benefits 
	COBRA Premium Payment 

 If an Eligible Employee becomes entitled to
severance pay under the preceding provisions of this Plan, then the Company will pay any COBRA premiums which would otherwise be payable by such Eligible Employee for COBRA continuation coverage under the Company’s group health plans (i.e.,
medical, dental and vision plans) for whichever of the following periods is the shortest: (i) a period of 12 months, (ii) until such date as the Executive obtains new health insurance coverage, or (iii) until such date as the
Executive is no longer entitled to COBRA continuation coverage under the Company’s group health plans. Any such premiums paid by the Company shall be treated as taxable income to the Eligible Employee to the extent necessary to prevent the
benefits provided under the Company’s group health plans from being treated as taxable income to the Eligible Employee under Code Section 105(h). 
  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 5

 Life and Disability Insurance 
 If an Eligible Employee becomes entitled to severance pay under the preceding provisions of this Plan, then the Company will use commercially reasonable
efforts to continue the Eligible Employee’s coverage under the Company’s life, short-term and long-term disability insurance plans until such time as the Eligible Employee obtains new life, short-term disability or long-term disability
coverage, as applicable, or, if earlier, upon the expiration of 12 months. 
 If the particular benefit to be continued under the
immediately preceding paragraph is insured, then the Company’s obligation to continue such benefit is conditioned on the relevant insurance carrier agreeing to such continuation. The Company will use commercially reasonable efforts to cause the
relevant insurance carrier to agree to such continuation. 
 If an Eligible Employee becomes entitled to severance pay under the preceding
provisions of this Plan, and the Company is unable to continue coverage under the Company’s life, short-term and long-term disability insurance plans or if Company otherwise elects not to continue coverage under those plans, then Company will
pay the Eligible Employee a lump sum equal to 18 months of the monthly premium (whether paid by the Eligible Employee or the Company) for coverage under the Company’s life, short and long-term disability insurance plans. The Company will make
this payment in a lump sum at the time the Eligible Employee becomes entitled to benefits under the Plan. 
  

	 Withholding  
	Amounts will be withheld from an Eligible Employee’s severance pay and other benefits under this Plan, as required by law or as authorized by the employee, for any applicable taxes, including income
taxes and social security taxes. In addition, the Company may reduce the amount of an Eligible Employee’s severance pay and other benefits by any amounts owed to the Company by the Eligible Employee. 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 6

	 Failure to Execute Release 
	If an Eligible Employee whose employment terminates under circumstances that would otherwise entitle him or her to severance benefits under this Plan fails to execute a Release or revokes such Release within
his or her Revocation Period, then such employee will not be entitled to any of the benefits described above. 

 
4. How the Plan is Administered 
  
  
  

	 Plan Administration 
	The Plan is administered by the Plan Administrator. The Compensation Committee is the Plan Administrator. 

 The principal duty of the Plan Administrator is to see that the Plan is carried out, in accordance with its terms, for the exclusive benefit of the Eligible Employees. 
  

	 Power and Authority 
	The Compensation Committee has all power and authority necessary or convenient to administer the Plan, including the exclusive authority and discretion to: 

  

	 	•	 	 construe and interpret the terms and provisions of the Plan and to decide all questions of eligibility for benefits under the Plan. 

  

	 	•	 	 to prescribe procedures to be followed and the forms to be used by employees pursuant to the Plan. 

  

	 	•	 	 to request and receive from all Eligible Employees such information as the Plan Administrator determines is necessary for the proper administration of the Plan.

 The Company bears all costs of administering the Plan. 
  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 7

 5. Amendment or Termination of the Plan; Section 409A of the Code 

  
  
 The Company, by action of the Compensation Committee, may amend or terminate the Plan at any time and may also terminate the applicability of this Plan to any Eligible Employee by notifying the Eligible Employee in
writing of such termination; provided, however, that no amendment or termination of the Plan or termination of the applicability of this Plan to any Eligible Employee shall affect the payment or provision of any severance benefits to which an
Eligible Employee has become entitled prior to such amendment or termination or within one year after the Plan is amended or terminated or the Eligible Employee receives written notification that the Plan is no longer applicable to the Eligible
Employee. 
 The Plan and the payments and other benefits provided hereunder are intended to be exempt from the requirements of Code Section 409A, to
the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation
Section 1.409A-1(b)(9)(iii), or otherwise. To the extent Code Section 409A is applicable to the Plan (and such payments and benefits), the Plan (and such payments and benefits) are intended to comply with the deferral, payout and other
limitations and restrictions imposed under Code Section 409A. Notwithstanding any other provision of the Plan to the contrary, the Plan shall be interpreted, operated and administered in a manner consistent with such intentions. Without
limiting the generality of the foregoing, and notwithstanding any other provision of the Plan to the contrary, with respect to any payments and benefits under the Plan to which Code Section 409A applies, all references in the Plan to the
termination of the Eligible Employee’s employment are intended to mean the Eligible Employee’s “separation from service,” within the meaning of Code Section 409A(a)(2)(A)(i). In addition, if the Eligible Employee is a
“specified employee,” within the meaning of Code Section 409A(a)(2)(B)(i), then to the extent necessary to avoid subjecting the Eligible Employee to the imposition of any additional tax under Code Section 409A, amounts that would
otherwise be payable under the Plan during the six-month period immediately following the Eligible Employee’s “separation from service,” within the meaning of Code Section 409A(a)(2)(A)(i), shall not be paid to the Eligible
Employee during such period, but shall instead be accumulated and paid to the Eligible Employee (or, in the event of the Eligible Employee’s death, the Eligible Employee’s estate) in a lump sum on the first regularly scheduled pay day
following the earlier of the date that is six months after the Executive’s separation from service or the Executive’s death. Notwithstanding the foregoing, no provision of the Plan shall be interpreted or construed to transfer any
liability for failure to comply with Code Section 409A from the Eligible Employee or any other individual to the Company or any of its affiliates. 
  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 8

 6. Miscellaneous 
  
  
  

	 How the Plan is Funded 
	The Company pays severance pay from its general assets. 

  

	 PBGC 
	Benefits provided by the Plan are not insured by the Federal Pension Benefit Guaranty Corporation (PBGC) under Title IV of ERISA, because the insurance provisions under ERISA are not applicable to the Plan.

 7. No Contract of Employment 
  
  
 The Plan is not intended to be, and may not be construed as constituting, a contract or other arrangement between any Eligible Employee and the Company to the effect that any Eligible Employee will be employed for any specific period of
time. 
 8. Claim Procedure 
  

 
  

	 Review of Claims 
	If an Eligible Employee or, in the case of an Eligible Employee’s death, the Eligible Employee’s estate (either, the “Claimant”) believes that he, she or it is entitled to a benefit under
the Plan or to a greater benefit under the Plan than the amount he, she or it has received, then the Claimant (or his, her or its or authorized representative) may file a claim with the Chair of the Compensation Committee (the “Initial Claim
Reviewer”). The claim must be in writing and must contain the following information: 

  

	 	1.	The reason for making the claim; 

  

	 	2.	The facts supporting the claim; 

  

	 	3.	The amount claimed; and 

  

	 	4.	The Claimant’s name and address. 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 9

	 Decision on Claim 
	The Initial Claim Reviewer will decide and answer any claim in writing, generally within 90 days of receiving it, stating whether the claim has been granted or denied. The Initial Claim Reviewer can extend
this 90-day period for another 90 days if it determines that special circumstances require additional time to process the claim. The Initial Claim Reviewer will notify the Claimant or his, her or its authorized representative in writing of any such
extension within 90 days of receiving the claim. The notice will included the reason(s) why the extension is necessary and the date by which the Initial Claim Reviewer expects to render its decision on the claim. 

 If the claim is partially or completely denied, the denial will include: 
  

	 	1.	The specific reason or reasons for the denial; 

  

	 	2.	Reference to the specific Plan provisions on which the denial is based; 

  

	 	3.	A description of any additional material or information necessary for the Claimant to perfect the claim and an explanation of why such material or information is necessary; and

  

	 	4.	A description of the Plan’s claim appeal procedure and the time limits applicable to such procedure, including a statement of the Claimant’s right to bring a civil action
under Section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), following an adverse decision on appeal. 

 If a Claimant submits a claim in accordance with the procedure described above and does not hear from the Initial Claim Reviewer within 90 days, the Claimant should consider the claim denied. 
  

	 Appealing a Claim Denial 
	If the claim is partially or completely denied, the Claimant has the right to ask for a review of the denial. To appeal the claim denial, the Claimant (or his, her or its legal representative) must file a
written request for appeal with the Plan Administrator (i.e., the Compensation Committee) within 90 days after receiving the claim denial. This written request for appeal should contain: 

  

	 	1.	A statement of the grounds on which the appeal is based; 

  

	 	2.	Reference to the specific Plan provisions that support the claim; 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 10

	 	3.	The reason(s) or argument(s) why the Claimant feels the claim should be granted and the evidence supporting each reason or argument; and 

  

	 	4.	Any other comments, documents, records or information relating to the claim that the Claimant wishes to submit. 

 The Claimant (or his, her or its legal representative) will be provided, upon request and free of charge, reasonable access to, and copies of, all
documents, records and other information relevant to the claim. Whether a document, record or other information is relevant to the claim will be determined in accordance with applicable regulations of the U.S. Department of Labor. 
  

	 Decision on Appeal 
	The Plan Administrator will decide and answer the appeal in writing, generally within 60 days after receiving the Claimant’s request for appeal. The Plan Administrator can extend this 60-day period for
another 60 days if it determines that special circumstances require additional time to process the claim. The Plan Administrator will notify the Claimant (or his, her or its legal representative) in writing of any such extension within 60 days of
receiving the appeal. The notice will include the reason(s) why the extension is necessary and the date by which the Plan Administrator expects to render its decision on the claim. In reaching its decision, the Plan Administrator will take into
account all of the comments, documents, records and other information that the Claimant submitted, without regard to whether such information was submitted or considered by the Initial Claim Reviewer in its initial denial of the claim.

 If the claim is partially or completely denied on appeal, the written notice will include the following: 
  

	 	1.	The specific reason or reasons for the denial; 

  

	 	2.	Reference to the specific Plan provisions on which the denial is based; 

  

	 	3.	A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to
the claim; and 

  

	 	4.	A statement of the Claimant’s right to bring an action under Section 502(a) of ERISA. 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 11

 If a Claimant files an appeal in accordance with the procedure described above and does not hear from
the Plan Administrator within 60 days, the Claimant should consider the appeal denied. 
  

	 Filing Suit 
	A Claimant must comply with the claim and appeal procedures described above before seeking any other legal recourse (including filing a law suit) regarding claims for benefits. If a Claimant wishes to file a
court action after exhausting the foregoing procedures, the Claimant must file such action in a court of competent jurisdiction within 180 days after the date on which the Claimant receives the Plan Administrator’s written denial of the
Claimant’s appeal. Court actions may not be commenced after this 180-day period. Any judicial review of the Plan Administrator’s decision on the claim will be limited to whether, in the particular instance, the Plan Administrator abused
its discretion. In no event will such judicial review be on a de novo basis, because the Plan Administrator has discretionary authority to determine eligibility for (and the amount of) benefits under the Plan and to construe and interpret the terms
and provisions of the Plan. 

  

			
	Captaris, Inc. Executive Severance Pay Plan	 	Page 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]