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Exhibit 10.12    
    

RAINING DATA CORPORATION  

 CHANGE OF CONTROL AND SEVERANCE AGREEMENT  

        This Change of Control and Severance Agreement (the "Agreement") is made and entered into effective as of
April 3, 2003 (the "Effective Date"), by and between Carlton H. Baab (the "Employee") and Raining
Data Corporation, a Delaware corporation (the "Company"). Certain capitalized terms used in this Agreement are defined in Section 1 below. 

 
 

R E C I T A L S    
    

        A.    The
Board of Directors of the Company (the "Board") believes that it is in the best interests of the Company and its
stockholders to provide the Employee with an incentive to continue his employment and to maximize the value of the Company for the benefit of its stockholders. 

        B.    In
order to provide the Employee with enhanced financial security and sufficient encouragement to remain with the Company, the Board believes that it is imperative to
provide the Employee with certain benefits upon the Employee's termination of employment. 

 
 

AGREEMENT    
    

        In consideration of the mutual covenants herein contained and the continued employment of Employee by the Company, the parties agree as follows: 

        26.   Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 

        (a)   Cause. "Cause" shall mean (i) gross and willful failure to perform services; (ii) conviction of, or a plea
of "guilty" or no "contest" to, a felony under the laws of the United States or any state thereof, if such felony either is work-related or materially impairs Employee's ability to perform
services for the Company; (iii) a material breach of fiduciary duty, including fraud, embezzlement, dishonesty or any intentional action that materially injures the Company as determined in
good faith by the Board; (iv) death; (v) a material breach of the Company's Employment Confidential Information, Invention Assignment, and Arbitration Agreement. In all of the foregoing
cases, the Company shall provide written notice to Employee indicating in reasonable detail the event or circumstances that constitute Cause under this Agreement, and the Company will provide the
Employee with 45 days to cure such breach or failure prior to termination for Cause. During such 45-day cure period, the Company may place the Employee on an unpaid leave. 

        (b)   Change of Control. "Change of Control" shall mean the occurrence of any of the following events after the date of this
Agreement: 

          (i)  any
merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which
the Company is incorporated; 

         (ii)  the
sale, transfer or other disposition of all or substantially all of the assets of the Company (including the capital stock of the Company's subsidiary corporations); 

        (iii)  approval
by the Company's stockholders of any plan or proposal for the complete liquidation or dissolution of the Company; 

        (iv)  any
reverse merger in which the Company is the surviving entity but in which securities possessing more than fifty percent (50%) of the total combined voting power of
the 

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Company's
outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger; or 

         (v)  acquisition
by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the
meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company's outstanding securities. 

        (c)   Disability. "Disability" shall mean that the Employee physically or mentally is unable regularly to perform Employee's
duties for a period in excess of sixty (60) consecutive days or more than ninety (90) days in any consecutive twelve (12) month period. The Company shall make a good faith
determination of whether the Employee is physically or mentally unable to regularly perform Employee's duties subject to its review and consideration of any physical and/or mental health information
provided to it by the Employee. 

        (d)   Involuntary Termination. "Involuntary Termination" shall mean (i) without the Employee's express written consent,
the substantial reduction in Employee's duties or responsibilities relative to Employee's duties or responsibilities in effect immediately prior to such reduction;  provided, however, that a reduction in title solely by virtue of the Company being acquired and made
part of a larger entity (as, for example, when the Chief Executive Officer of a Company remains as such following a Change of Control and is not made the Chief Executive Officer of the acquiring
corporation) shall not constitute an "Involuntary Termination"; (ii) without the Employee's express written consent, a material reduction by the Company in Employee's base compensation as in
effect immediately prior to such reduction; (iii) without the Employee's express written consent, a material reduction by the Company in the kind or level of employee benefits package;
(iv) without the Employee's express written consent, the relocation of the Employee to a facility or a location more than 30 miles from Employee's then present location; (v) any
purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or (vi) the failure of the Company to obtain the assumption of this Agreement by
any successors. 

        27.   Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto under this
Agreement have been satisfied. 

        28.   At-Will Employment. The Company and the Employee acknowledge that the Employee's employment is and shall
continue to be at-will, as defined under applicable law. If the Employee's employment terminates for any reason, the Employee shall not be entitled to any payments, benefits, damages,
awards or compensation other than as provided by this Agreement, or as may otherwise be established under the Company's then existing employee benefit plans or policies at the time of termination. 

        29.   Annual Review of Bonus. The Company's Compensation Committee shall review, at least annually, the appropriate amount of
bonus, if any, to the Employee. 

        30.   Severance Benefits. 

        (a)   Termination Prior to a Change of Control. In the event that the Employee is terminated as a result of an Involuntary
Termination other than for Cause, death, or Disability at any time on or prior to a Change of Control, Employee shall be entitled to twelve (12) months of Employee's base salary as in effect as
of the date of such termination, less applicable withholding, payable in a lump sum within thirty (30) days of such termination. 

        (b)   Termination Less than Twelve (12) Months after a Change of Control. In the event that the Employee is terminated
as a result of an Involuntary Termination other than for Cause, death, or 

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Disability
less than twelve (12) months after a Change of Control, Employee shall be entitled to the following severance benefits: 

          (i)  200%
of the aggregate base salary and bonus earned by the Employee during the twelve (12)-month period immediately prior to such termination, less applicable
withholding, payable in a lump sum within thirty (30) days of the such termination; 

         (ii)  all
stock options granted by the Company to the Employee prior to such termination shall become fully vested and exercisable as of the date of the termination; and 

        (iii)  health
(i.e., medical, vision and dental) coverage and benefits commensurate with those in effect for the Employee on the day immediately preceding the day of the
Employee's termination of employment; provided, however, that (A) the Employee constitutes a
qualified beneficiary, as defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as amended; and (B) Employee elects continuation coverage pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985, as
amended ("COBRA"), within the time period prescribed pursuant to COBRA. The Company shall continue to provide Employee with health coverage until the earlier of (1) the date Employee is no
longer eligible to receive continuation coverage pursuant to COBRA, or (2) twelve (12) months from the termination date. 

        (c)   Termination At Least Twelve (12) Months after a Change of Control. In the event that the Employee is terminated as
a result of an Involuntary Termination other than for Cause, death, or Disability at least twelve months after a Change of Control, Employee shall be entitled to receive the benefits set forth in
Section 5(a) above. 

        (d)   Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Employee's termination of
employment: (i) the Company shall pay the Employee any unpaid base salary due for periods prior to the termination; (ii) the Company shall pay the Employee all of the Employee's accrued
and unused vacation through the termination; and (iii) following submission of proper expense reports by the Employee, the Company shall reimburse the Employee for all expenses reasonably and
necessarily incurred by the Employee in connection with the business of the Company prior to the termination. These payments shall be made promptly upon termination and within the period of time
mandated by law. 

        31.   Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or otherwise
payable to the Employee (i) constitute "parachute payments" within the meaning of Section 280G of the Code, and (ii) would be subject to the excise tax imposed by
Section 4999 of the Code (the "Excise Tax"), then Employee's benefits under this Agreement shall be either 

        (a)   delivered
in full, or 

        (b)   delivered
as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, taking into
account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by Employee on an after-tax basis, of the greatest amount of benefits,
notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. 

        Unless
the Company and the Employee otherwise agree in writing, any determination required under this Section shall be made in writing by the Company's independent public accountants
(the "Accountants"), whose determination shall be conclusive and binding upon the Employee and the Company for all purposes. For purposes of making the calculations required by this Section, the
Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Section 280G and
4999 

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of
the Code. The Company and the Employee shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section.
The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. 

        32.   Successors. 

        (a)   Company's Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger,
consolidation, liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall assume the Company's obligations under this Agreement and agree expressly to perform
the Company's obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes
under this Agreement, the term "Company" shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this subsection
(a) or which becomes bound by the terms of this Agreement by operation of law. 

        (b)   Employee's Successors. Without the written consent of the Company, Employee shall not assign or transfer this Agreement
or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Employee hereunder shall inure to the
benefit of, and be enforceable by, Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

        33.   Notices. 

        (a)   General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or when deliverd by a courier service. In the case of
the Employee, mailed notices shall be addressed to him at the home address which he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed
to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 

        34.   Arbitration. 

        (a)   Any
dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or
termination thereof, shall be settled by binding arbitration to be held in Orange County, California, in accordance with the National Rules for the Resolution of Employment Disputes then in effect of
the American Arbitration Association (the "Rules"). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of
the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator's decision in any court having jurisdiction. 

        (b)   The
arbitrator(s) shall apply California law to the merits of any dispute or claim, without reference to conflicts of law rules. The arbitration proceedings shall be
governed by federal arbitration law and by the Rules, without reference to state arbitration law. Employee hereby consents to the personal jurisdiction of the state and federal courts located in
California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 

        (c)   Employee
understands that nothing in this Section modifies Employee's at-will employment status. Either Employee or the Company can terminate the employment
relationship at any time, with or without Cause or notice. 

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        (d)   EMPLOYEE
HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EMPLOYEE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN
CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, CONSTITUTES A WAIVER OF EMPLOYEE'S RIGHT TO A JURY
TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS: 

          (i)  ANY
AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIED; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING, BOTH
EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC
ADVANTAGE; AND DEFAMATION. 

         (ii)  ANY
AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS
ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR CODE
SECTION 201, ET SEQ; AND 

        (iii)  ANY
AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 

        35.   Miscellaneous Provisions. 

        (a)   Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or discharge
is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). No waiver by either party of any breach of, or of compliance with, any
condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

        (b)   Integration. This Agreement represents the entire agreement and understanding between the parties as to the subject
matter herein and supersede all prior or contemporaneous agreements, whether written or oral, with respect to this Agreement. 

        (c)   Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the
internal substantive laws, but not the conflicts of law rules, of the State of California. 

        (d)   Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the
validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

        (e)   Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and
employment taxes. 

        (f)    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together will constitute one and the same instrument. 

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        IN
WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written. 

	COMPANY:	RAINING DATA CORPORATION
	

 	

By:	
 	

/s/  BRIAN C. BEZDEK      

	 	Title:	 	Chief Financial Officer and Secretary

	

EMPLOYEE:	

/s/  CARLTON H. BAAB      
 Signature
	

 	

CARLTON H. BAAB
 Printed Name

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Exhibit 10.12

R E C I T A L S

AGREEMENTQuickLinks
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EXHIBIT 4.15  

 
 

CERTIFICATE OF TRUST
  OF
  UNIVISION CAPITAL TRUST I    
    

        THIS Certificate of Trust of Univision Capital Trust I (the "Trust") is being duly executed and filed by the undersigned, as trustee, to form a statutory
trust under the Delaware Statutory Trust Act (12 Del. C. §3801 et seq.) (the "Act"). 

        1.    Name.    The name of the statutory trust formed hereby is Univision Capital Trust I. 

        2.    Delaware Trustee.    The name and business address of the trustee of the Trust in the State of Delaware is
Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention Corporate Trust Administration. 

        3.    Effective Date.    This Certificate of Trust shall be effective upon filing. 

        IN
WITNESS WHEREOF, the undersigned has executed this Certificate in accordance with Section 3811(a) of the Act. 

	

 	
 	

WILMINGTON TRUST COMPANY
	

 	
 	

By:	
 	

 	

/s/  DONALD G. MACKELCAN      	

 
	 	 	 	 	 	
	 
	 	 	Name:	 	 	Donald G. MacKelcan	 
	 	 	 	 	 	
	 
	 	 	Title:	 	 	Vice President	 
	 	 	 	 	 	
	 

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CERTIFICATE OF TRUST OF UNIVISION CAPITAL TRUST I

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