Document:

Exhibit 10.1

 

    EXHIBIT
      10.1

     

    CHANGE
      OF CONTROL AGREEMENT

     

    This
      Change Of Control Agreement (“Agreement”)
      is made by and between Chordiant
      Software, Inc. (the
      “Company”) and Peter
      Norman (“Executive”).
      This Agreement will become effective upon its execution by both parties hereto
      (the “Effective Date”).

     

    RECITALS

     

    Whereas
      Executive
      is employed by the Company pursuant to the terms of Executive’s offer letter
      from the Company;

     

    Whereas
      Executive has been or may be granted restricted shares of the Company’s common
      stock (“Restricted Shares”), as well as option(s) to purchase shares of the
      Company’s common stock (the “Options”), pursuant to the applicable restricted
      stock agreement(s), stock option agreement(s) and equity incentive plan(s)
      (together, the “Prior Grants”);

     

    Whereas
      in the future, Executive may be granted additional shares of restricted stock
      and/or options to purchase the Company’s common stock, subject to the Board’s
      sole discretion, (together with Prior Grants, the “Stock Awards”);
      and

     

    Whereas
      the Company believes it is imperative to provide Executive with accelerated
      vesting of the Stock Awards, as well as other severance benefits, in the event
      that Executive is terminated without Cause (as defined herein) or resigns for
      Good Reason (as defined herein) in connection with a Change of Control (as
      defined herein).

     

    Now,
      Therefore,
      in consideration of the foregoing, the mutual covenants contained herein, and
      other good and valuable consideration, the parties hereto hereby agree as
      follows:

     

    1. Termination
      of Employment.

     

    (a) At-Will
      Employment. Executive’s
      employment is at-will, which means that the Company may terminate Executive’s
      employment at any time, with or without advance notice, and with or without
      Cause. Similarly, Executive may resign his/her employment at any time, with
      or
      without advance notice or Good Reason. Executive shall not receive any
      compensation of any kind, including, without limitation, severance benefits,
      following Executive’s last day of employment with the Company (the “Termination
      Date”), except as expressly provided herein, as otherwise agreed in writing
      between Executive and the Chief Executive Officer of the Company, or as provided
      in any plan documents governing the Stock Awards. Executive shall devote all
      reasonable efforts to the performance of Executive’s duties, and shall perform
      such duties in good faith.

     

    (b) Termination
      Related to a Change of Control.
      If Executive’s employment is terminated without Cause or Executive resigns for
      Good Reason within ninety (90) days prior to or twelve (12) months after a
      Change of Control, and Executive signs a release substantially in the form
      (whichever is applicable) attached hereto as Exhibit
      A (the
      “Release”), then the Company shall provide Executive with the following
      severance benefits: 

     

    (i) The
      Company shall make severance payments to Executive in the form of continuation
      of Executive’s base salary in effect on the Termination Date for twelve (12)
      months following the Termination Date (the “Severance Period”). These payments
      will be made on the Company’s ordinary payroll dates and will be subject to
      standard payroll deductions and withholdings. 

     

    (ii) The
      Company will pay Executive an amount equal to the Executive’s annual bonus
      (provided the Executive is under a non-commission, Company bonus plan). The
      bonus will be calculated at one of the following rates, whichever is higher:
      (1)
      as if both Executive and the Company achieved one hundred (100) percent of
      their
      specified performance objectives; or (2) the actual performance of the Company
      and Executive as measured against the specified performance objectives. This
      amount will be paid over the entire Severance Period on the Company’s ordinary
      payroll dates, in equal installments, and will be subject to standard payroll
      deductions and withholdings.

     

    (iii) The
      Company will pay the premiums necessary to continue Executive ’s life and health
      insurance during the Severance Period.

     

    (iv) Provided
      that the Executive is not or is no longer an executive officer or director
      of
      the Company, then the time period in which the Executive is required to repay
      any promissory note, loan or other indebtedness to the Company shall be extended
      by sixty (60) months.

     

    (v) The
      Company will accelerate the vesting of the Stock Awards such that the greater
      of
      the following shall vest within ten (10) days after the date Executive signs
      the
      Release: (a) 50% of the unvested shares as of the Termination Date subject
      to
      the Stock Awards (after taking into account any additional acceleration of
      vesting Executive may be receiving under any plan document(s) governing the
      Stock Awards instituted prior to or after this Agreement is executed) including
      any additional acceleration of vesting of restricted stock under any restricted
      stock agreement(s); or (b) all such shares that would have vested if Executive
      had worked for the Company for twelve (12) additional months beyond the
      Termination Date. This acceleration of vesting will be in addition to any
      acceleration of vesting that the Executive would otherwise receive under the
      Company’s 2000 Nonstatutory Equity Incentive Plan, 1999 Equity Incentive Plan,
      or any other plan document(s) including any additional acceleration of vesting
      of restricted stock under any restricted stock agreement(s) governing the Stock
      Awards. Executive shall have sixty (60) months to exercise any such vested
      Options in addition to any time specified in plan document(s) governing the
      Options. The Stock Awards shall continue to be governed by the terms of the
      applicable restricted stock agreement(s), stock option agreements and equity
      incentive plan documents. 

     

    (vi) With
      respect to any Prior Grant intended to be an incentive stock option, the
      acceleration of the vesting of the Prior Grant and the extension of the time
      that Executive shall have to exercise the Prior Grant as provided in Paragraph
      1(b)(iv) of this Agreement are deemed to be a modification of the Prior Grant
      within the meaning of Section 424(h) of the Internal Revenue Code (“Code”). Such
      modification shall result in the granting of a new option as of the date of
      execution of this Agreement, including providing a new grant date for purposes
      of starting the holding period specified in Section 422(a)(1) of the Code and
      for purposes of the provision that the option price be not less than the fair
      market value of the stock at the time such option is granted as specified in
      Section 422(b)(4) of the Code. If Executive and the Company agree that the
      Prior
      Grant shall remain an incentive stock option and if the new option meets the
      requirements for incentive stock options specified in Section 422(b) of the
      Code, and the $100,000 per year limitation specified in Section 422(d) of the
      Code as of the date of execution of this Agreement, then the unexercised portion
      of the Prior Grant shall be appropriately modified as to the date of grant
      and
      the option price; provided, however, that the option price shall be the greater
      of the original option price of the Prior Grant or the fair market value of
      the
      stock on the date of execution of this Agreement. If Executive and the Company
      do not agree that such Prior Grant shall remain an incentive stock option,
      then
      the Prior Grant shall be deemed to be a nonstatutory stock option as of the
      date
      of execution of this Agreement, and the Prior Grant shall be appropriately
      modified to reflect such changed status.

     

    (c) Termination
      For Cause Procedure. The
      Company may not terminate Executive’s employment for Cause unless and until
      Executive receives a copy of a resolution duly adopted by the affirmative vote
      of at least a majority of the Board of Directors of the Company (“Board”)
      finding that in the good faith opinion of the Board, Executive was guilty of
      the
      conduct constituting “Cause” and specifying the particulars thereof in detail.
      The Company shall provide Executive with reasonable notice of the Board vote
      and
      an opportunity for Executive, together with Executive’s counsel, to be heard
      before the Board.

     

    2. Definitions.

     

    (a) Definition
      of Cause. For
      purposes of this Agreement, “Cause” shall mean that Executive has committed, or
      there has occurred, one or more of the following events: (1) conviction of
      any
      felony or misdemeanor involving moral turpitude, fraud or act of dishonesty
      against the Company; (2) a finding by the Board, after a good faith and
      reasonable factual investigation, that Executive has engaged in gross
      misconduct; or (3) material violation or material breach of any Company policy
      or statutory, fiduciary, or contractual duty of Executive to the Company;
provided,
      however,
      that in the event that any of the foregoing events occurs, the Company shall
      provide notice to Executive describing the nature of such event and Executive
      shall thereafter have ten (10) days to cure such event if such event is capable
      of being cured.

     

    (b) Definition
      of Good Reason. For
      purposes of this Agreement, “Good Reason” shall mean that any one of the
      following events occurs during the Executive’s employment with the Company
      without Executive’s consent: (i) any reduction of Executive’s annual base salary
      (including bonus) as of the time period immediately preceding the Change of
      Control, except to the extent that the annual base salary (including bonus)
      of
      all other officers of the Company is similarly reduced; (ii) any material
      reduction in the package of benefits and incentives provided to the Executive,
      or any action by the Company which would materially and adversely affect the
      Executive’s participation or reduce the Executive’s benefits under any such
      plans, except to the extent that such benefits and incentives of all other
      officers of the Company are similarly reduced; (iii) any material change in
      Executive’s position or responsibilities (including the person or persons to
      whom Executive has reporting responsibilities) that represents an adverse change
      from Executive’s position or responsibilities as in effect at any time within
      ninety (90) days preceding the date of the Change of Control or at any time
      thereafter, excluding for this purpose an isolated, insubstantial and
      inadvertent action not taken in bad faith that is remedied by the Company
      promptly after notice thereof is given by Executive; (iv) the Company’s
      requiring Executive to relocate to any place outside of a twenty-five (25)
      mile
      driving distance of Executive’s current work site, except for reasonably
      required travel on the business of the Company or its affiliates that is not
      materially greater than such travel requirements prior to the Change in Control
      or unless Executive accepts such relocation opportunity; or (v) any failure
      to
      pay Executive any compensation or benefits to which Executive is entitled within
      fifteen (15) days of the date due. Executive may terminate his or her employment
      for Good Reason so long as Executive tenders his resignation to the Company
      within thirty (30) days after the occurrence of the event which forms the basis
      for his resignation for Good Reason. Executive shall provide written notice
      to
      the Company describing the nature of the event which forms the basis for
      Executive’s resignation for Good Reason, and the Company shall thereafter have
      ten (10) days to cure such event.

     

    (c) Definition
      of Change of Control. For
      purposes of this Agreement, a “Change of Control” means: (i) a dissolution,
      liquidation or sale of all or substantially all of the assets of the Company;
      (ii) a merger or consolidation in which the Company is not the surviving
      corporation; (iii) a reverse merger in which the Company is the surviving
      corporation but the shares of the Company’s common stock outstanding immediately
      preceding the merger are converted by virtue of the merger into other property,
      whether in the form of securities, cash or otherwise; (iv) the acquisition
      by
      any person, entity or group within the meaning of Section 13(d) or 14(d) of
      the
      Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any
      comparable successor provisions (excluding any employee benefit plan, or related
      trust, sponsored or maintained by the Company or any Affiliate of the Company)
      of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under
      the Exchange Act, or comparable successor rule) of securities of the Company
      representing at least fifty percent (50%) of the combined voting power entitled
      to vote in the election of directors; or (v) an acquisition by the Company
      of an
      unaffiliated company, for cash or stock of the Company, in which some or all
      of
      the members of senior management of the acquired company are retained by the
      Company for employment by the acquired company or the Company.

     

    3. Gross
      Up Provision. 

     

    (a)  In
      the event that any payment and the value of any benefit (collectively,
“Payments”), or any portion thereof, received or to be received by Executive
      would otherwise be subject to excise tax under Section 4999 of the Code, then
      the Company or the acquiring or successor entity to the Company shall pay to
      Executive within ninety (90) days of the date Executive becomes subject to
      the
      Excise Tax, an additional amount (the “Excise Tax Gross-Up Payment”) such that
      the net amount retained by the Executive, after deduction of (i) any Excise
      Tax
      on the Payments and (ii) any federal, state and local income or employment
      tax
      and Excise Tax upon the payment provided for by this section 3, shall be equal
      to the Payments, reduced by the amount of any United States federal, state
      and
      local income or employment tax liability of the Executive if the Payments were
      not subject to Excise Tax. 

     

    (b)  For
      purposes of determining whether any of the Payments will be subject to the
      Excise Tax and the amount of such Excise Tax: 

     

    (i)  Any
      other payments or benefits received or to be received by Executive in connection
      with transactions contemplated by a Change in Control or Executive’s termination
      of employment (whether pursuant to the terms of this Agreement or any other
      plan, arrangement or agreement with the Company), shall be treated as “parachute
      payments” within the meaning of Section 280G of the Code or any similar or
      successor provision, and all “excess parachute payments” within the meaning of
      Section 280G or any similar or successor provision shall be treated as subject
      to the Excise Tax, unless in the opinion of tax counsel selected by the Company
      such other payments or benefits (in whole or in part) do not constitute
      parachute payments, or such parachute payments (in whole or in part) represent
      reasonable compensation for services actually rendered within the meaning of
      Section 280G (or any similar or successor provision of the Code) in excess
      of
      the base amount within the meaning of Section 280G (or any similar or successor
      provision of the Code), or such Payments are otherwise not subject to the Excise
      Tax;

     

    (ii)  The
      amount of the Payments which shall be treated as subject to the Excise Tax
      shall
      be equal to the lesser of (i) the total amount of the Payments or (ii) the
      amount of the excess parachute payments within the meaning of Section 280G;
      and

     

    (iii)  The
      value of any non-cash benefits or any deferred payment or benefit shall be
      made
      by the accounting firm that is the Company’s outside auditor at the time of such
      determination, which firm must be reasonably acceptable to Executive (the
“Accounting Firm”) in accordance with the principles of Section 280G of the
      Code.

     

    (c)  For
      purposes of determining the amount of the Excise Tax Gross-Up Payment, Executive
      shall be deemed to pay federal income taxes at the highest marginal rate of
      federal income taxation in the calendar year in which the Excise Tax Gross-Up
      Payment is to be made and state and local income taxes at the highest marginal
      rate of taxation in the state and locality of Executive’s residence on the date
      the Excise Tax Gross-Up Payment is to be made, net of the maximum reduction
      in
      federal income taxes which could be obtained from deduction of such state and
      local taxes.

     

    (d)  In
      the event that the Excise Tax is subsequently determined to be less than the
      amount taken into account under this section 3, Executive shall repay to the
      Company at the time that the amount of such reduction in Excise Tax is finally
      determined the portion of the Excise Tax Gross-Up Payment attributable to such
      reduction (plus the portion of the Excise Tax Gross-Up Payment attributable
      to
      the Excise Tax and federal, state and local income tax imposed on the Excise
      Tax
      Gross-Up Payment being repaid by Executive if such repayment results in a
      reduction in Excise Tax and/or a federal, state or local income tax deduction)
      plus interest on the amount of such repayment at the rate provided in Section
      1274(b)(2)(B) of the Code.

     

    (e)  In
      the event that the Excise Tax is determined to exceed the amount taken into
      account under this Section 3 (including by reason of any payment the existence
      or amount of which cannot be determined at the time of the Excise Tax Gross-Up
      Payment), the Company shall make an additional Excise Tax Gross-Up Payment
      in
      respect of such excess (plus any interest payable with respect to such excess)
      at the time that the amount of such excess is finally determined in accordance
      with the principles set forth in this section 3.

     

    (f)  All
      determinations required to be made under this Section 3 shall be made by the
      Accounting Firm. The Company shall cause the Accounting Firm to provide detailed
      supporting calculations of its determinations to the Company and Executive.
      Notice must be given to the Accounting Firm within fifteen (15) business days
      after an event entitling Executive to any Payments under this Agreement. All
      fees and expenses of the Accounting Firm shall be borne solely by the Company.
      The Accounting Firm’s determinations must be made with substantial authority
      (within the meaning of Section 6662 of the Code).

     

    4. Other
      Employment Terms and Conditions. The
      employment relationship between the parties shall be governed by the general
      employment policies and procedures of the Company, including those relating
      to
      the protection of confidential information and assignment of inventions;
      provided, however, that when the terms of this Agreement differ from or are
      in
      conflict with the Company’s general employment policies or procedures, this
      Agreement shall control. 

     

    5. General
      Provisions.

     

    (a) This
      Agreement, including all exhibits hereto, constitutes the complete, final and
      exclusive embodiment of the entire agreement between the parties with regard
      to
      the subject matter hereof. 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 or representations. Notwithstanding
      the foregoing, nothing in this Agreement shall affect the parties’ obligations
      under the October 2002 restricted stock agreement or any other applicable
      restricted stock or stock option agreements entered into prior to or after
      the
      effective date of this Agreement or the Executive’s Employee Proprietary
      Information and Inventions Agreement. This Agreement cannot be modified except
      in a writing signed by Executive and a duly-authorized member of the
      Board.

     

    (b) Whenever
      possible, each provision of this Agreement will be interpreted in such a manner
      as to be effective under applicable law. The invalidity or unenforceability
      of
      any provision of this Agreement shall not affect the validity or enforceability
      of any other provision of this Agreement. Any invalid or unenforceable provision
      shall be modified so as to be rendered valid and enforceable in a manner
      consistent with the intent of the parties insofar as possible.

     

    (c) The
      Executive’s or the Company’s failure to insist upon strict compliance with any
      provision of this Agreement or the failure to assert any right the Executive
      or
      the Company may have hereunder shall not be deemed to be a waiver of such
      provision or right or any other provision or right of this
      Agreement.

     

    (d) This
      Agreement may be executed in several counterparts, each of which shall be deemed
      to be an original but all of which together will constitute one and the same
      instrument. Facsimile signatures shall be deemed as effective as
      originals.

     

    (e) This
      Agreement is intended to bind and inure to the benefit of and be enforceable
      by
      Executive, the Company and their respective successors, assigns, heirs,
      executives and administrators, except that Executive may not assign any of
      his
      duties hereunder and he may not assign any of his rights hereunder without
      the
      written consent of the Company. This Agreement shall be interpreted and enforced
      in accordance with the laws of the State of California.

     

    (f) If
      either party hereto bring any action to enforce such party’s rights hereunder,
      the prevailing party in any such action shall be entitled to recover such
      party’s reasonable attorneys’ fees and costs incurred in connection with such
      action.

     

    (g) For
      purposes of construction, this Agreement shall be deemed to have been drafted
      by
      the Company, and the rule of construction of contracts that ambiguities are
      construed against the drafting party shall be applied against the
      Company.

     

    (h) Any
      notice required to be given or delivered to the Company under the terms of
      this
      Agreement shall be in writing and addressed to the Corporate Secretary of the
      Company at its principal corporate offices. Any notice required to be given
      or
      delivered to Executive shall be in writing and addressed to Executive at the
      address indicated herein or to the last known address provided by Executive
      to
      the Company. All notices shall be deemed to have been given or delivered upon:
      personal delivery; three (3) days after deposit in the United States mail by
      certified or registered mail (return receipt requested); one (1) business day
      after deposit with any return receipt express courier (prepaid); or one (1)
      business day after transmission by facsimile.

     

    In
      Witness Whereof,
      the parties have executed this Agreement as of the day and year written
      below.

     

    
      
        	 	
                /s/
                  Peter Norman

              	
                 

              
	 	
                Executive

              	
                 

              
	 	 	 	 
	 	
                Address:

              	
                135
                  Northam Avenue

              	 
	 	 	
                San
                  Carlos, CA 94070

              	 
	 	
                Date:

              	
                March
                  25, 2005

              	 
	 	 	 	 
	 	
                Chordiant
                  Software, Inc.

              	 
	 	 	 	 
	 	
                /S/
                  George de Urioste

              	 
	 	
                Name:
                  George de Urioste

              	 
	 	
                Title:
                  COO & CFO

              	 
	 	 	 
	 	
                Date:

              	
                November
                  1, 2005

              	 
	 	 	 	 

      

      Exhibit A
        - Release Agreements

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
      A

     

    RELEASE
      AGREEMENT FOR EMPLOYEES UNDER 40 YEARS OF AGE

     

    In
      exchange for the severance benefits I am receiving to which I would not
      otherwise be entitled, I hereby release, acquit and forever discharge the
      Company, and its officers, directors, 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, 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 my 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
      including, but not limited to, the federal Civil Rights Act of 1964, as amended;
      the federal Americans with Disabilities Act of 1990; the California Fair
      Employment and Housing Act, as amended; tort law; contract law; wrongful
      discharge; discrimination; harassment; fraud; defamation; emotional distress;
      and breach of the implied covenant of good faith and fair dealing.

     

    I
      UNDERSTAND THAT THIS RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
      In giving this release, which includes claims which may be unknown to me at
      present, I acknowledge that I have read and understand Section 1542 of the
      California Civil Code which reads as follows: “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his favor at the time of executing the release, which if
      known by him must have materially affected his settlement with the
      debtor.”
      I
      hereby expressly waive and relinquish all rights and benefits under that section
      and any law of any jurisdiction of similar effect with respect to my release
      of
      any unknown or unsuspected claims I may have against the Company.

     

    
       

      
        	
                DATED:

              	 	 	
                AGREED:

              	 
	 	 	 	 	
                [Employee’s
                  Name]

              

      

       

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    RELEASE
      AGREEMENT FOR EMPLOYEES 40 YEARS OF AGE OR OLDER

     

    In
      exchange for the severance benefits I am receiving to which I would not
      otherwise be entitled, I hereby release, acquit and forever discharge the
      Company, and its officers, directors, 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, 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 my 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
      including, but not limited to, the federal Civil Rights Act of 1964, as amended;
      the federal Americans with Disabilities Act of 1990; the federal Age
      Discrimination in Employment Act of 1967, as amended (“ADEA”); the California
      Fair Employment and Housing Act, as amended; tort law; contract law; wrongful
      discharge; discrimination; harassment; fraud; defamation; emotional distress;
      and breach of the implied covenant of good faith and fair dealing.

     

    I
      acknowledge that I am knowingly and voluntarily waiving and releasing any rights
      I may have under the ADEA, as amended. I also acknowledge that the consideration
      given for the waiver and release in the preceding paragraph hereof is in
      addition to anything of value to which I was already entitled. I further
      acknowledge that I have been advised by this writing, as required by the ADEA,
      that: (a) my waiver and release do not apply to any rights or claims that
      may arise after the execution date of this Release; (b) I have been advised
      hereby that I have the right to consult with an attorney prior to executing
      this
      Release; (c) I have twenty-one (21) days to consider this Release (although
      I may choose to voluntarily execute this release earlier); (d) I have seven
      (7) days following my execution of this Release to revoke my agreement to it;
      and (e) this Release will not be effective until the date upon which the
      revocation period has expired, which will be the eighth day after this Release
      is executed by me. 

     

    I
      UNDERSTAND THAT THIS RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
      In giving this release, which includes claims which may be unknown to me at
      present, I acknowledge that I have read and understand Section 1542 of the
      California Civil Code which reads as follows: “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his favor at the time of executing the release, which if
      known by him must have materially affected his settlement with the
      debtor.”
      I
      hereby expressly waive and relinquish all rights and benefits under that section
      and any law of any jurisdiction of similar effect with respect to my release
      of
      any unknown or unsuspected claims I may have against the Company.

     

    

    

      
        	
                DATED:

              	 	 	
                AGREED:

              	 
	 	 	 	 	
                [Employee’s
                  Name]Exhibit 10.2

    

      EXHIBIT
        10.2

       

      CHANGE
        OF CONTROL AGREEMENT

       

      This
        Change Of Control Agreement (“Agreement”)
        is made by and between Chordiant
        Software, Inc. (the
        “Company”) and James
        St. Jean (“Executive”).
        This Agreement will become effective upon its execution by both parties hereto
        (the “Effective Date”).

       

      RECITALS

       

      Whereas
        Executive
        is employed by the Company pursuant to the terms of Executive’s offer letter
        from the Company;

       

      Whereas
        Executive, prior to the Effective Date, may have been awarded, in respect
        of the
        Company’s Common Stock, stock options, stock appreciation rights, restricted
        shares, or restricted stock units pursuant to the applicable award agreements
        and equity incentive plans (collectively, “Prior Grants”);

       

      Whereas
        Executive, in the future, may be awarded, in respect of the Company’s Common
        Stock, additional stock options, stock appreciation rights, restricted shares
        or
        restricted stock units, subject to the Board’s sole discretion, (together with
        Prior Grants, collectively “Stock Awards”); and

       

      Whereas
        the Company believes it is imperative to provide Executive with accelerated
        vesting of the Stock Awards, as well as other severance benefits, in the
        event
        that Executive is terminated without Cause (as defined herein) or resigns
        for
        Good Reason (as defined herein) in connection with a Change of Control (as
        defined herein).

       

      Now,
        Therefore,
        in consideration of the foregoing, the mutual covenants contained herein,
        and
        other good and valuable consideration, the parties hereto hereby agree as
        follows:

       

      1. Termination
        of Employment.

       

      (a) At-Will
        Employment. Executive’s
        employment is at-will, which means that the Company may terminate Executive’s
        employment at any time, with or without advance notice, and with or without
        Cause. Similarly, Executive may resign his/her employment at any time, with
        or
        without advance notice or Good Reason. Executive shall not receive any
        compensation of any kind, including, without limitation, severance benefits,
        following Executive’s last day of employment with the Company (the “Termination
        Date”), except as expressly provided herein, as otherwise agreed in writing
        between Executive and the Chief Executive Officer of the Company, or as provided
        in any plan documents governing the Stock Awards. Executive shall devote
        all
        reasonable efforts to the performance of Executive’s duties, and shall perform
        such duties in good faith.

       

      (b) Termination
        Related to a Change of Control.
        If Executive’s employment is terminated without Cause or Executive resigns for
        Good Reason within twelve (12) months after a Change of Control, and Executive
        signs a release substantially in the form (whichever is applicable) attached
        hereto as Exhibit
        A (the
        “Release”), then the Company shall provide Executive with the following
        severance benefits: 

       

      (i) The
        Company shall make severance payments to Executive in the form of continuation
        of Executive’s base salary in effect on the Termination Date for six (6) months
        following the Termination Date (the “Severance Period”). These payments will be
        made on the Company’s ordinary payroll dates and will be subject to standard
        payroll deductions and withholdings. 

       

      (ii) The
        Company will pay Executive an amount equal to the Executive’s annual bonus
        (provided the Executive is under a non-commission Company bonus plan). The
        bonus
        will be calculated at one of the following rates, whichever is higher: (1)
        as if
        both Executive and the Company achieved one hundred (100) percent of their
        specified performance objectives; or (2) the actual performance of the Company
        and Executive as measured against the specified performance objectives. This
        amount will be paid over the entire Severance Period on the Company’s ordinary
        payroll dates, in equal installments, and will be subject to standard payroll
        deductions and withholdings.

       

      (iii) The
        Company will pay the premiums necessary to continue Executive’s life and health
        insurance during the Severance Period.

       

      (iv) The
        Company will accelerate the vesting of the Stock Awards such that the lesser
        of
        the following shall vest within ten (10) days after the date Executive signs
        the
        Release: (a) 50% of the unvested shares, rights, or units, as applicable,
        as of
        the Termination Date subject to the Stock Awards (after taking into account
        any
        additional acceleration of vesting Executive may be receiving under any award
        agreements or equity incentive plan documents governing the Stock Awards
        instituted prior to or after the Effective Date); or (b) all such shares,
        rights
        or units that would have vested if Executive had worked for the Company for
        twelve (12) additional months beyond the Termination Date. This acceleration
        of
        vesting will be in addition to any acceleration of vesting that the Executive
        would otherwise receive under the Company’s 2000 Nonstatutory Equity Incentive
        Plan, 1999 Equity Incentive Plan, 2005 Equity Incentive Plan or any other
        equity
        incentive plan documents governing the Stock Awards. With respect to all
        Stock
        Awards except the Prior Grants, Executive shall have sixty (60) months to
        exercise any such vested Stock Awards in addition to any time specified in
        the
        award agreements and equity incentive plan documents governing such Stock
        Awards, but in no event shall such exercise period extend beyond the expiration
        date of the Stock Award. The Stock Awards shall continue to be governed by
        the
        terms of the applicable award agreements and equity incentive plan documents.
        Notwithstanding anything to the contrary contained herein, the maximum number
        of
        months of additional vesting that may be credited to any Stock Award under
        this
        Agreement, when added to any additional vesting provided by any award agreement
        or equity incentive plan documents, shall not exceed twenty-four (24) months
        in
        the aggregate.

       

      (v) With
        respect to any Prior Grant intended to be an incentive stock option, the
        acceleration of the vesting of the Prior Grant and the extension of the time
        that Executive shall have to exercise the Prior Grant as provided in Paragraph
        1(b)(iv) of this Agreement are deemed to be a modification of the Prior Grant
        within the meaning of Section 424(h) of the Internal Revenue Code (“Code”). Such
        modification shall result in the granting of a new option as of the date
        of
        execution of this Agreement, including providing a new grant date for purposes
        of starting the holding period specified in Section 422(a)(1) of the Code
        and
        for purposes of the provision that the option price be not less than the
        fair
        market value of the stock at the time such option is granted as specified
        in
        Section 422(b)(4) of the Code. If Executive and the Company agree that the
        Prior
        Grant shall remain an incentive stock option and if the new option meets
        the
        requirements for incentive stock options specified in Section 422(b) of the
        Code, and the $100,000 per year limitation specified in Section 422(d) of
        the
        Code as of the date of execution of this Agreement, then the unexercised
        portion
        of the Prior Grant shall be appropriately modified as to the date of grant
        and
        the option price; provided, however, that the option price shall be the greater
        of the original option price of the Prior Grant or the fair market value
        of the
        stock on the date of execution of this Agreement. If Executive and the Company
        do not agree that such Prior Grant shall remain an incentive stock option,
        then
        the Prior Grant shall be deemed to be a nonstatutory stock option as of the
        date
        of execution of this Agreement, and the Prior Grant shall be appropriately
        modified to reflect such changed status.

       

      (c) Termination
        For Cause Procedure. The
        Company may not terminate Executive’s employment for Cause unless and until
        Executive receives a copy of a resolution duly adopted by the affirmative
        vote
        of at least a majority of the Board of Directors of the Company (“Board”)
        finding that in the good faith opinion of the Board, Executive was guilty
        of the
        conduct constituting “Cause” and specifying the particulars thereof in detail.
        The Company shall provide Executive with reasonable notice of the Board vote
        and
        an opportunity for Executive, together with Executive’s counsel, to be heard
        before the Board.

       

      2. Definitions.

       

      (a) Definition
        of Cause. For
        purposes of this Agreement, “Cause” shall mean that Executive has committed, or
        there has occurred, one or more of the following events: (1) conviction of
        any
        felony or misdemeanor involving moral turpitude, fraud or act of dishonesty
        against the Company; (2) a finding by the Board, after a good faith and
        reasonable factual investigation, that Executive has engaged in gross
        misconduct; or (3) material violation or material breach of any Company policy
        or statutory, fiduciary, or contractual duty of Executive to the Company;
        provided,
        however,
        that in the event that any of the foregoing events occurs, the Company shall
        provide notice to Executive describing the nature of such event and Executive
        shall thereafter have ten (10) days to cure such event if such event is capable
        of being cured.

       

      (b) Definition
        of Good Reason. For
        purposes of this Agreement, “Good Reason” shall mean that any one of the
        following events occurs during the Executive’s employment with the Company
        without Executive’s consent: (i) any reduction of Executive’s annual base salary
        (including bonus) as of the time period immediately preceding the Change
        of
        Control, except to the extent that the annual base salary (including bonus)
        of
        all other officers of the Company is similarly reduced; (ii) any material
        reduction in the package of benefits and incentives provided to the Executive,
        or any action by the Company which would materially and adversely affect
        the
        Executive’s participation or reduce the Executive’s benefits under any such
        plans, except to the extent that such benefits and incentives of all other
        officers of the Company are similarly reduced; (iii) any material change
        in
        Executive’s position or responsibilities (including the person or persons to
        whom Executive has reporting responsibilities) that represents an adverse
        change
        from Executive’s position or responsibilities as in effect at any time within
        ninety (90) days preceding the date of the Change of Control or at any time
        thereafter, excluding for this purpose an isolated, insubstantial and
        inadvertent action not taken in bad faith that is remedied by the Company
        promptly after notice thereof is given by Executive; (iv) the Company’s
        requiring Executive to relocate to any place outside of a twenty-five (25)
        mile
        driving distance of Executive’s current work site, except for reasonably
        required travel on the business of the Company or its affiliates that is
        not
        materially greater than such travel requirements prior to the Change in Control
        or unless Executive accepts such relocation opportunity; or (v) any failure
        to
        pay Executive any compensation or benefits to which Executive is entitled
        within
        fifteen (15) days of the date due. Executive may terminate his or her employment
        for Good Reason so long as Executive tenders his resignation to the Company
        within thirty (30) days after the occurrence of the event which forms the
        basis
        for his resignation for Good Reason. Executive shall provide written notice
        to
        the Company describing the nature of the event which forms the basis for
        Executive’s resignation for Good Reason, and the Company shall thereafter have
        ten (10) days to cure such event.

       

      (c) Definition
        of Change of Control. For
        purposes of this Agreement, a “Change of Control” means: (i) a dissolution,
        liquidation or sale of all or substantially all of the assets of the Company;
        (ii) a merger or consolidation in which the Company is not the surviving
        corporation; (iii) a reverse merger in which the Company is the surviving
        corporation but the shares of the Company’s common stock outstanding immediately
        preceding the merger are converted by virtue of the merger into other property,
        whether in the form of securities, cash or otherwise; or (iv) the acquisition
        by
        any person, entity or group within the meaning of Section 13(d) or 14(d)
        of the
        Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any
        comparable successor provisions (excluding any employee benefit plan, or
        related
        trust, sponsored or maintained by the Company or any Affiliate of the Company)
        of the beneficial ownership (within the meaning of Rule 13d-3 promulgated
        under
        the Exchange Act, or comparable successor rule) of securities of the Company
        representing at least fifty percent (50%) of the combined voting power entitled
        to vote in the election of directors.

       

      3. Gross
        Up Provision. 

       

      (a)  In
        the event that the payments and benefits provided for in this Agreement (such
        payments and benefits hereinafter referred to as “Payments”) constitute
“parachute payments” within the meaning of Section 280G of the Internal Revenue
        Code of 1986, as amended (the “Code”), would be subject to the excise tax
        imposed by Section 4999 of the Code (the “Excise Tax”), and the aggregate value
        of such Payments, as determined in accordance with Section 280G of the Code
        and
        the Treasury Regulations thereunder is less than the product obtained by
        multiplying 3.59 by Executive’s “base amount” within the meaning of Code Section
        280G(b)(3), then such Payments shall be reduced to the extent necessary (but
        only to that extent) so that no portion of such Payments will be subject
        to the
        Excise Tax. Alternatively, in the event that the Payments constitute “parachute
        payments” within the meaning of Section 280G of the Code, the Payments would be
        subject to the Excise Tax, and the aggregate value of the Payments, as
        determined in accordance with Section 280G of the Code and the Treasury
        Regulations thereunder is equal to or greater than the product obtained by
        multiplying 3.59 by Executive’s “base amount” within the meaning of Code Section
        280G(b)(3), then Executive shall receive (i) a payment from the Company
        sufficient to pay such excise tax plus any interest or penalties incurred
        by
        Executive with respect to such excise tax, plus (ii) an additional payment
        from
        the Company sufficient to pay the excise tax and federal and state income
        and
        employment taxes arising from the payments made by the Company to Executive
        pursuant to this sentence (together, the “Excise Tax Gross-Up Payment”).
        Notwithstanding anything to the contrary set forth herein, the maximum amount
        of
        the Excise Tax Gross - Up Payment which the Company shall be obligated to
        pay
        shall be one time the Executive’s base salary.

       

      (b)  For
        purposes of determining whether any of the Payments will be subject to the
        Excise Tax and the amount of such Excise Tax: 

       

      (i)  any
        other payments or benefits received or to be received by Executive in connection
        with transactions contemplated by a Change in Control, including Executive’s
        termination of employment (whether pursuant to the terms of this Agreement
        or
        any other plan, arrangement or agreement with the Company), shall be treated
        as
“parachute payments” within the meaning of Section 280G of the Code or any
        similar or successor provision, and all “excess parachute payments” within the
        meaning of Section 280G or any similar or successor provision shall be treated
        as subject to the Excise Tax, unless in the opinion of tax counsel selected
        by
        the Company such other payments or benefits (in whole or in part) do not
        constitute parachute payments, or such parachute payments (in whole or in
        part)
        represent reasonable compensation for services actually rendered within the
        meaning of Section 280G (or any similar or successor provision of the Code)
        in
        excess of the base amount within the meaning of Section 280G (or any similar
        or
        successor provision of the Code), or such Payments are otherwise not subject
        to
        the Excise Tax;

       

      (ii)  the
        amount of the Payments which shall be treated as subject to the Excise Tax
        shall
        be equal to the lesser of (a) the total amount of the Payments or (b) the
        amount
        of the excess parachute payments within the meaning of Section 280G; and
        

       

      (iii)  the
        value of any non-cash benefits or any deferred payment or benefit shall be
        made
        by the accounting firm that is the Company’s outside tax accountants at the time
        of such determination, which firm must be reasonably acceptable to Executive
        (the “Accounting Firm”) in accordance with the principles of Section 280G of the
        Code.

       

      (c)  For
        purposes of determining the amount of the Excise Tax Gross-Up Payment, Executive
        shall be deemed to pay federal income taxes at the highest marginal rate
        of
        federal income taxation in the calendar year in which the Excise Tax Gross-Up
        Payment is to be made and state and local income taxes at the highest marginal
        rate of taxation in the state and locality of Executive’s residence on the date
        the Excise Tax Gross-Up Payment is to be made, net of the permissible reduction
        in federal income taxes which could be obtained from deduction of such state
        and
        local taxes.

       

      (d)  In
        the event that the Excise Tax is subsequently determined to be less than
        the
        amount taken into account under this Section 3, Executive shall repay to
        the
        Company (promptly following the time at which the amount of such reduction
        in
        Excise Tax is finally determined the portion of the Excise Tax Gross-Up Payment
        attributable to such reduction (plus the portion of the Excise Tax Gross-Up
        Payment attributable to the Excise Tax and federal, state and local income
        tax
        imposed on the Excise Tax Gross-Up Payment being repaid by Executive if such
        repayment results in a reduction in Excise Tax and/or a federal, state or
        local
        income tax deduction) plus interest on the amount of such repayment at the
        rate
        provided in Section 1274(b)(2)(B) of the Code.

       

      (e)  In
        the event that the Excise Tax is subsequently determined to exceed the amount
        taken into account under this Section 3 (including by reason of any payment
        the
        existence or amount of which cannot be determined at the time of the Excise
        Tax
        Gross-Up Payment), the Company shall make an additional Excise Tax Gross-Up
        Payment in respect of such excess (plus any interest payable with respect
        to
        such excess at the rate provided in Section 1274(b)(2)(B) of the Code) promptly
        following the time at which the amount of such excess is finally determined
        in
        accordance with the principles set forth in this Section 3.

       

      (f)  All
        determinations required to be made under this Section 3 shall be made by
        the
        Accounting Firm. The Company shall cause the Accounting Firm to provide detailed
        supporting calculations of its determinations to the Company and Executive.
        All
        fees and expenses of the Accounting Firm shall be borne solely by the Company.
        The Accounting Firm’s determinations must be made with substantial authority
        (within the meaning of Section 6662 of the Code).

       

      4. Other
        Employment Terms and Conditions. The
        employment relationship between the parties shall be governed by the general
        employment policies and procedures of the Company, including those relating
        to
        the protection of confidential information and assignment of inventions;
        provided, however, that when the terms of this Agreement differ from or are
        in
        conflict with the Company’s general employment policies or procedures, this
        Agreement shall control. 

       

      5. General
        Provisions.

       

      (a) This
        Agreement, including all exhibits hereto, constitutes the complete, final
        and
        exclusive embodiment of the entire agreement between the parties with regard
        to
        the subject matter hereof. 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 or representations. Notwithstanding
        the foregoing, nothing in this Agreement shall affect the parties’ obligations
        under the Stock Agreements or the Executive’s Employee Proprietary Information
        and Inventions Agreement. This Agreement cannot be modified except in a writing
        signed by Executive and a duly-authorized member of the Board.

       

      (b) Whenever
        possible, each provision of this Agreement will be interpreted in such a
        manner
        as to be effective under applicable law. The invalidity or unenforceability
        of
        any provision of this Agreement shall not affect the validity or enforceability
        of any other provision of this Agreement. Any invalid or unenforceable provision
        shall be modified so as to be rendered valid and enforceable in a manner
        consistent with the intent of the parties insofar as possible.

       

      (c) The
        Executive’s or the Company’s failure to insist upon strict compliance with any
        provision of this Agreement or the failure to assert any right the Executive
        or
        the Company may have hereunder shall not be deemed to be a waiver of such
        provision or right or any other provision or right of this
        Agreement.

       

      (d) This
        Agreement may be executed in several counterparts, each of which shall be
        deemed
        to be an original but all of which together will constitute one and the same
        instrument. Facsimile signatures shall be deemed as effective as
        originals.

       

      (e) This
        Agreement is intended to bind and inure to the benefit of and be enforceable
        by
        Executive, the Company and their respective successors, assigns, heirs,
        executives and administrators, except that Executive may not assign any of
        his
        duties hereunder and he may not assign any of his rights hereunder without
        the
        written consent of the Company. This Agreement shall be interpreted and enforced
        in accordance with the laws of the State of California.

       

      (f) If
        either party hereto bring any action to enforce such party’s rights hereunder,
        the prevailing party in any such action shall be entitled to recover such
        party’s reasonable attorneys’ fees and costs incurred in connection with such
        action.

       

      (g) For
        purposes of construction, this Agreement shall be deemed to have been drafted
        by
        the Company, and the rule of construction of contracts that ambiguities are
        construed against the drafting party shall be applied against the
        Company.

       

      (h) Any
        notice required to be given or delivered to the Company under the terms of
        this
        Agreement shall be in writing and addressed to the Corporate Secretary of
        the
        Company at its principal corporate offices. Any notice required to be given
        or
        delivered to Executive shall be in writing and addressed to Executive at
        the
        address indicated herein or to the last known address provided by Executive
        to
        the Company. All notices shall be deemed to have been given or delivered
        upon:
        personal delivery; three (3) days after deposit in the United States mail
        by
        certified or registered mail (return receipt requested); one (1) business
        day
        after deposit with any return receipt express courier (prepaid); or one (1)
        business day after transmission by facsimile.

       

      In
        Witness Whereof,
        the parties have executed this Agreement as of the day and year written
        below.

       

      
        	 	
                /s/
                  James D. St. Jean

              	
                 

              
	 	
                James
                  St. Jean

              	
                 

              
	 	 	 	 
	 	
                Address:

              	
                PO
                  Box 282

              	 
	 	 	
                Francestown,
                  NH 03043

              	 
	 	
                Date:

              	
                November
                  11, 2005

              	 
	 	 	 	 
	 	
                Chordiant
                  Software, Inc.

              	 
	 	 	 	 
	 	
                Jack
                  Moyer

              	 
	 	
                Name:
                  Jack Moyer

              	 
	 	
                Title:
                  VP Human Resources

              	 
	 	 	 
	 	
                Date:

              	
                November
                  3, 2005

              	 
	 	 	 	 

      

      

      

      

      Exhibit A
        - Release Agreements

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      RELEASE
        AGREEMENT FOR EMPLOYEES UNDER 40 YEARS OF AGE

       

       

      In
        exchange for the severance benefits I am receiving to which I would not
        otherwise be entitled, I hereby release, acquit and forever discharge the
        Company, and its officers, directors, 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, 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 my 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
        including, but not limited to, the federal Civil Rights Act of 1964, as amended;
        the federal Americans with Disabilities Act of 1990; the California Fair
        Employment and Housing Act, as amended; tort law; contract law; wrongful
        discharge; discrimination; harassment; fraud; defamation; emotional distress;
        and breach of the implied covenant of good faith and fair dealing.

       

      I
        UNDERSTAND THAT THIS RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN
        CLAIMS.
        In giving this release, which includes claims which may be unknown to me
        at
        present, I acknowledge that I have read and understand Section 1542 of the
        California Civil Code which reads as follows: “A
        general release does not extend to claims which the creditor does not know
        or
        suspect to exist in his favor at the time of executing the release, which
        if
        known by him must have materially affected his settlement with the
        debtor.”
        I
        hereby expressly waive and relinquish all rights and benefits under that
        section
        and any law of any jurisdiction of similar effect with respect to my release
        of
        any unknown or unsuspected claims I may have against the Company.

       

      

       

      
        	
                DATED:

              	
                November
                  11, 2005

              	 	
                AGREED:

              	
                /s/
                  James D. St. Jean

              
	 	 	 	 	
                [Employee’s
                  Name]

              

      

      

      

      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      RELEASE
        AGREEMENT FOR EMPLOYEES 40 YEARS OF AGE OR OLDER

       

      In
        exchange for the severance benefits I am receiving to which I would not
        otherwise be entitled, I hereby release, acquit and forever discharge the
        Company, and its officers, directors, 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, 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 my 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
        including, but not limited to, the federal Civil Rights Act of 1964, as amended;
        the federal Americans with Disabilities Act of 1990; the federal Age
        Discrimination in Employment Act of 1967, as amended (“ADEA”); the California
        Fair Employment and Housing Act, as amended; tort law; contract law; wrongful
        discharge; discrimination; harassment; fraud; defamation; emotional distress;
        and breach of the implied covenant of good faith and fair dealing.

       

      I
        acknowledge that I am knowingly and voluntarily waiving and releasing any
        rights
        I may have under the ADEA, as amended. I also acknowledge that the consideration
        given for the waiver and release in the preceding paragraph hereof is in
        addition to anything of value to which I was already entitled. I further
        acknowledge that I have been advised by this writing, as required by the
        ADEA,
        that: (a) my waiver and release do not apply to any rights or claims that
        may arise after the execution date of this Release; (b) I have been advised
        hereby that I have the right to consult with an attorney prior to executing
        this
        Release; (c) I have twenty-one (21) days to consider this Release (although
        I may choose to voluntarily execute this release earlier); (d) I have seven
        (7) days following my execution of this Release to revoke my agreement to
        it;
        and (e) this Release will not be effective until the date upon which the
        revocation period has expired, which will be the eighth day after this Release
        is executed by me. 

       

      I
        UNDERSTAND THAT THIS RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN
        CLAIMS.
        In giving this release, which includes claims which may be unknown to me
        at
        present, I acknowledge that I have read and understand Section 1542 of the
        California Civil Code which reads as follows: “A
        general release does not extend to claims which the creditor does not know
        or
        suspect to exist in his favor at the time of executing the release, which
        if
        known by him must have materially affected his settlement with the
        debtor.”
        I
        hereby expressly waive and relinquish all rights and benefits under that
        section
        and any law of any jurisdiction of similar effect with respect to my release
        of
        any unknown or unsuspected claims I may have against the Company.

       

      

       

      
        	
                DATED:

              	 	 	
                AGREED:

              	 
	 	 	 	 	
                [Employee’s
                  Name]

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