Document:

Form of Separation Agreement under Exelon Corp. Senior Management Severance Plan

 Exhibit 10.30 
 FORM OF SEPARATION AGREEMENT 
 THIS SEPARATION AGREEMENT (this “Agreement”) is
entered into as of             , 20     between Exelon Corporation (“Exelon”),
                                        
(“Subsidiary”, and, collectively with Exelon, the “Company”) and
                                        
(the “Executive”). 
 WITNESSETH: 
 WHEREAS, the Executive is separating from all positions with Exelon, SUBSIDIARY and their affiliates. 
 NOW,
THEREFORE, in consideration of the mutual promises and agreements contained herein, the adequacy and sufficiency of which are hereby acknowledged, the Company and the Executive agree as follows: 
 1. Resignation; Termination of Employment. The Executive’s employment will be terminated and Executive hereby resigns, effective as of the
close of business on             , 20     (the “Termination Date”), as
                     of Subsidiary and from all other positions as an officer or director of the Company and its subsidiaries and affiliates.

 2. Payment of Accrued Amounts. The Company shall pay to the Executive not later than the second payroll date after the Termination
Date the following amounts: 
 (a) the portion of his or her annual salary that has accrued but is unpaid as of the Termination Date; and

 (b) an additional amount representing the Executive’s accrued but unused vacation days as of the Termination Date, if any.

 3. Severance Payments. Subject to the Executive’s execution, not earlier than the Termination Date and not later than
forty-five days after the Termination Date, of the waiver and release attached hereto as Exhibit I and made a part hereof (the “Waiver and Release”), the Company shall pay to the Executive: 
 (a) Cash severance payments in an aggregate amount equal to $            , representing
the product of                      times the sum of (i) $            
(representing the Executive’s current annual base salary) and (ii) $             (representing the Executive’s target annual incentive for calendar year
20    ). Payment shall commence no later than the second payroll date following the date that the Executive signs and returns the Waiver and Release, in substantially equal regular payroll installments over a period of
fifteen months. 
 (b) Executive shall remain eligible to receive a pro-rated annual incentive award for 20    ,
payable at the time, such awards are paid to active executives (but not later than March 15, 20    ). 
  

 1 

 4. Tax Withholding. The Company shall deduct from the amounts payable to the Executive pursuant to
this Agreement the amount of all required federal, state and local withholding taxes in accordance with the Executive’s Form W-4 on file with the Company and all applicable social security and Medicare taxes. The Company shall be entitled to
withhold from the shares of common stock of the Company to be delivered to the Executive pursuant to Sections 6(a) and 6(b) a number of shares of common stock of the Company having a value (based upon the closing price of a share of the
Company’s common stock as reported on the New York Stock Exchange on the applicable valuation date) equal to the minimum amount of all required federal, state and local withholding taxes and all applicable social security and Medicare taxes
with respect to the lapse of forfeiture conditions applicable the vesting of performance shares or the vesting of options. 
 5.
Outplacement Assistance. During the twelve-month period following the Termination Date, the Company shall reimburse the Executive for reasonable fees incurred for services rendered to the Executive by a professional outplacement organization
selected by the Executive and acceptable to the Company to provide individual outplacement services. 
 6. Long Term Incentive Awards.

 (a) Each of the Executive’s options to purchase common stock of Exelon Corporation granted pursuant to Exelon’s long term
incentive plan which is vested and exercisable as of the Termination Date shall remain so exercisable for ninety days following the Termination Date. Each of Executive’s stock options that are not vested and exercisable as of the Termination
Date shall be forfeited. 
 (b) Subject to the Executive’s timely execution of the Waiver and Release, Executive shall become fully
vested in the number of shares of common stock of Exelon Corporation representing outstanding non-vested performance share awards for 20     (and reinvested dividends thereunder). Executive shall also remain eligible to
receive a pro-rated performance share award for 20    , payable in stock at the time the first installments of such awards are paid to active executives (but not later than March 15,
20    ), subject to any cash payment election then effective under the program rule. 
 7. Supplemental
Executive Retirement Benefits. The Executive shall be eligible for a retirement benefit under the Exelon Corporation Supplemental Management Retirement Plan (the “SERP”) in accordance with the terms and conditions thereof,
except that in determining such benefit, the Executive shall subject to the Executive’s timely execution of the Waiver and Release, be credited with              months
additional service calculated as though he or she received the severance benefits specified in Section 3(a) as regular salary incentive pay over such period (and limited in its application to the amounts of such payments that exceed the
compensation limitations applicable to qualified pension plans under the Code). Such benefit shall be paid as provided in Section 8(b). 
 8. Employee and Other Benefits. 
 (a) Subject to the Executive’s timely execution of the Waiver and Release: 

(i) During the period commencing on the Termination Date and ending
             months after the Termination Date (the “Severance Period”) and in lieu of COBRA continuation coverage during such period with respect to healthcare
benefits, (A) the Executive (and his or her eligible dependents) shall be eligible to participate in, and shall receive benefits under Exelon’s welfare benefit plans (including medical, dental, vision and hearing) in which the Executive
(and his or her eligible dependents) were participating immediately prior to the Termination Date, and (B) the Executive shall be eligible to participate in the base life insurance programs in which he or she was a participant immediately prior
to the Termination Date, in each case on the same basis as if the Executive had remained actively employed during the Severance Period. 
  

 2 

 (ii) Following the Severance Period, the Executive (and his or her eligible dependents)
shall be eligible for continued health care coverage at Executive’s sole expense for any remaining period required by COBRA. 
 (b) The
Company shall pay to the Executive, in the time and manner specified in the terms and conditions of such plans and any distribution elections by the Executive in effect thereunder, his or her account balances (if any) under Exelon’s deferred
compensation and stock deferral plans, as adjusted by all applicable earnings and losses on such account balances, and the Executive’s benefit under the supplemental executive retirement plan; provided that, to the extent required by section
409A of the Code, no such payment or benefit shall commence prior to the date that is six months after the Termination Date. 
 (c) The
Executive shall be entitled to purchase the computer furnished by the Company for his or her use. The Executive shall be responsible for payment of expenses incurred after the Termination Date with respect to the Company-owned cellular phone
furnished for his or her use. 
 (d) If the Executive is entitled to any benefit under any employee benefit plan of the Company that is
accrued and vested on the Termination Date and that is not expressly referred to in this Agreement, such benefit shall be provided to the Executive in accordance with the terms of such employee benefit plan. 
 (e) Notwithstanding Section 8(d) or anything else contained in this Agreement to the contrary, the Executive acknowledges and agrees that he or she
is not and shall not be entitled to benefits under any other severance or change in control plan, program, agreement or arrangement, and that the benefits provided under this Agreement shall be the sole and exclusive benefits to which the Executive
may become entitled upon his or her termination of employment. In the event the Executive dies prior to executing the Waiver and Release attached hereto, neither he or she, his or her estate, nor any other person shall be entitled to any further
compensation or benefits under this Agreement, unless and until the executor of the Executive’s estate (and/or such other heirs or representatives as may be requested by the Company) executes upon Company request and does not revoke such a
Waiver and Release. 
 9. Restrictive Covenants. The Executive acknowledges and agrees that he or she is bound by, and subject to, the
Restrictive Covenants and the Waiver and Release. The Executive shall comply with, and observe, the Restrictive Covenants including, without 

  

 3 

 
limitation, the confidential information, non-competition, non-solicitation and intellectual property provisions and related covenants contained therein, all
of which are hereby incorporated by reference. In the event the Company determines that Executive has breached any of the Restrictive Covenants or the Waiver and Release or has engaged in conduct during his or her employment with the Company that
would constitute ground for termination for Cause, benefits under this Agreement shall terminate immediately, and Executive shall reimburse Exelon for any benefits received. 
 10. Certain Tax Matters. 
 (a) If it
is determined by Exelon’s independent auditors that any severance payment, benefit or enhancement that is provided to the Executive pursuant to the terms of the this Agreement is or will become subject to any excise tax under section 4999 of
the Internal Revenue Code of 1986, as amended, or any similar tax payable under any United States federal, state, local, foreign or other law (“Excise Taxes”), then such payment, benefit or enhancement shall be reduced to the
largest amount which would not cause any such Excise Tax to by payable by the Executive and not cause a loss of the related income tax deduction by the Company. 
 (b) The parties intend this Agreement to comply with section 409A of the Code. In the event the timing of any payment or benefit under this Agreement would result in any tax or penalty under section 409A of the Code,
the Company may reasonably adjust the timing of such payment or benefit if doing so will eliminate or materially reduce such tax or penalty and amend this Agreement accordingly. Executive acknowledges that Executive has been advised to consult
Executive’s personal tax advisor concerning this Agreement, and has not relied on the Company or Subsidiary for tax advice. 
 11.
Non-disparagement. The Executive shall not (a) make any written or oral statement that brings the Company or any of its affiliates or the employees, officers, directors or agents of the Company or any of its affiliates into disrepute, or
tarnishes any of their images or reputations or (b) publish, comment upon or disseminate any statements suggesting or accusing the Company or any of its affiliates, employees, officers, directors or agents of any misconduct or unlawful
behavior. The provisions of this Section 11 shall not apply to testimony as a witness, compliance with other legal obligations, assertion of or defense against any claim of breach of this Agreement, or any activity that otherwise may be
required by the lawful order of a court or agency of competent jurisdiction, and shall not require the Executive to make false statements or disclosures. 
 12. Publicity. Executive shall not issue or cause the publication of any press release or other announcement with respect to the terms or provisions of this Agreement, nor disclose the contents hereof to any
third party (other than to members of his or her immediate family or to tax, financial and legal advisors), without obtaining the consent of Exelon, except where such release, announcement or disclosure shall be required by applicable law or
administrative regulation or agency or other legal process. 
 13. Other Employment; Other Plans. The Executive shall not be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any provision of this Agreement. The amounts payable hereunder shall not 

  

 4 

 
be reduced by any payments received by the Executive from any other employer; provided, however, that any continued welfare benefits provided
for by Section 8(a) shall not duplicate any benefits that are provided to the Executive and his or her family by such other employer and shall be secondary to any coverage provided by Medicare. 
 14. Cooperation by the Executive. During the Severance Period, the Executive shall (a) be reasonably available to the Company to respond to
requests by them for information pertaining to or relating to matters which may be within the knowledge of the Executive and (b) cooperate with the Company in connection with any existing or future litigation or other proceedings brought by or
against the Company, its subsidiaries or affiliates, to the extent Exelon reasonably deems the Executive’s cooperation necessary. 
 15.
Successors; Binding Agreement. This Agreement shall inure to the benefit of and binding upon the Company and its successors, and by the Executive, his or her spouse, personal or legal representatives, executors, administrators and heirs. This
Agreement, being personal, may not be assigned by Executive. 
 16. Governing Law; Validity. This Agreement shall be interpreted,
construed and enforced in accordance with the terms of the Exelon Corporation Senior Management Severance Plan, and the applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, and section 409A of the Code.

 17. Entire Agreement. This Agreement and the Waiver and Release constitute the entire agreement and understanding between the
parties with respect to the subject matter hereof and supersede and preempt any other understandings, agreements or representations by or between the parties, written or oral, which may have related in any manner to the subject matter hereof.
Executive acknowledges that the Company has made no representations regarding the tax consequences of payments under this Agreement and has had the opportunity to consult Executive’s tax advisor. 
 18. Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed to be an original and both of which together
shall constitute one and the same instrument. 
 19. Miscellaneous. No provision of this Agreement may be modified or waived unless
such modification or waiver is agreed to in writing and executed by the Executive and by a duly authorized officer of the Company. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any
condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. Failure by the Executive or the Company to insist
upon strict compliance with any provision of this Agreement or to assert any right which 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.

 20. Beneficiary. If the Executive dies prior to receiving all of the amounts payable hereunder (other than amounts payable under
any plan referenced in Section 8(d), which shall be governed by any beneficiary designation in effect thereunder) but after executing the 

  

 5 

 
Waiver and Release, such amounts shall be paid, except as may be otherwise expressly provided herein or in the applicable plans, to the beneficiary
(“Beneficiary”) designated with respect to this Agreement by the Executive in writing to the Vice President, Corporate Compensation of the Company during his or her lifetime, which the Executive may change from time to time by new
designation filed in like manner without the consent of any Beneficiary; or if no such Beneficiary is designated, to his or her surviving spouse, and if there be none, to his or her estate. 
 21. Nonalienation of Benefits. Benefits payable under this Agreement shall not be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, charge, prior to actually being received by the Executive, and any such attempt to dispose of any right to benefits payable hereunder shall be void. 
 22. Severability. If all or any part of this Agreement is declared by any court or governmental authority to be unlawful or invalid, such
unlawfulness or invalidity shall not serve to invalidate any portion of this Agreement not declared to be unlawful or invalid, except that in the event a determination is made that the Restrictive Covenants as applied to the Executive are invalid or
unenforceable in whole or in part, then this Agreement shall be void and the Company shall have no obligation to provide benefits hereunder. Any paragraph or part of a paragraph so declared to be unlawful or invalid shall, if possible, be construed
in a manner which will give effect to the terms of such paragraph or part of a paragraph to the fullest extent possible while remaining lawful and valid. 
 23. Communications. Nothing in this Agreement, including Sections 9 and 11, shall be construed to prohibit the Executive from communicating with, including testifying in any administrative proceeding before,
the Nuclear Regulatory Commission, the United States Department of Labor, the Securities Exchange Commission or from otherwise addressing issues related to nuclear safety with any party or taking any other action protected under section 211 of the
Energy Reorganization Act and no such communication or action shall constitute a breach of Section 11 or any other provision of this Agreement; provided, however, that if the Executive is entitled under section 211 of the Energy
Reorganization Act, employment law or securities law to pursue a claim, complaint or charge seeking damages, costs or fees, the Executive agrees that the consideration provided to the Executive pursuant to this Agreement shall be fully inclusive of
all such damages, costs and fees that could have been awarded to the Executive, that such consideration is being paid in full and that the Executive under no circumstances shall be entitled to compensation of any kind from the Company or any of the
other party released by the Waiver and Release not expressly provided for pursuant to this Agreement. 
 24. Sections. Except where
otherwise indicated by the context, any reference to a “Section” shall be to a Section of this Agreement. 
  

 6 

 IN WITNESS WHEREOF, Exelon and SUBSIDIARY have caused this Agreement to be executed by their duly
authorized officers and the Executive has executed this Agreement as of the day and year first above written. 
  

			
	EXELON CORPORATION
		
	By:	 	  

	Title:	 	  

	
	SUBSIDIARY
		
	By:	 	  

	Title:	 	  

	
	  

	EXECUTIVE

  

 7 

 EXHIBIT 1 
 WAIVER AND RELEASE 
 UNDER 
 CONFIDENTIAL SEPARATION AGREEMENT 
 In consideration for the Executive’s
receiving severance benefits under the Separation Agreement (as defined below),
                                        
(the “Executive”) hereby agrees as follows: 
 1. Release. Except with respect to the Company’s obligations under the
Confidential Separation Agreement by and between Exelon Corporation,
                                         
    (collectively, the “Company”) and the Executive dated as of             , 20     (the “Separation
Agreement”), the Executive, on behalf of Executive and his or her heirs, executors, assigns, agents, legal representatives and personal representatives, hereby releases, acquits and forever discharges the Company, its agents, subsidiaries,
affiliates, and their respective 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, foreseen or unforeseen, disclosed and undisclosed, suspected and unsuspected, arising out of or in any way related to agreements, events,
acts or conduct at any time prior to the day of execution of this Waiver and Release, including but not limited to any and all such claims and demands directly or indirectly arising out of or in any way connected with the Executive’s employment
or other service with the Company, or any of its Subsidiaries or affiliates; the Executive’s termination of employment and other service with the Company or any of its subsidiaries or affiliates; claims or demands related to salary, bonuses,
commissions, stock, stock options, restricted stock or any other ownership interests in the Company or any of its subsidiaries and affiliates, vacation pay, fringe benefits, expense reimbursements, sabbatical benefits, severance, change in control
or other separation benefits, or any other form of compensation or equity; and claims pursuant to any federal, state, local law, statute, ordinance, common law or other cause of action including but not limited to, the federal Civil Rights Act of
1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended; the federal Americans with Disabilities Act of 1990; the Employee Retirement Income Security Act of 1974, as amended, tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; harassment; emotional distress; or breach of the covenant of good faith and fair dealing. This Waiver and Release does not apply to the payment of any benefits to which the Executive may be entitled under a
Company-sponsored tax qualified retirement or savings plan. 
 2. No Inducement. The Executive agrees that no promise or inducement to
enter into this Waiver or Release has been offered or made except as set forth in this Waiver and Release and the Separation Agreement, that the Executive is entering into this Waiver and Release without any threat or coercion and without reliance
on any statement or representation made on behalf of the Company or any of its subsidiaries or affiliates, or by any person employed by or representing the Company or any of its subsidiaries or affiliates, except for the written provisions and
promises contained in this Waiver and Release and the Separation Agreement. 
  

 1 

 3. Advice of Counsel; Time to Consider; Revocation. The Executive acknowledges the
following: 
 (a) The Executive has read this Waiver and Release, and understands its legal and binding effect, including that by
signing and not revoking this Waiver and Release the Executive waives and releases any and all claims under the Age Discrimination in Employment Act of 1967, as amended, including but not limited to the Older Workers Benefits Protection Act. The
Executive is acting voluntarily and of the Executive’s own free will in executing this Waiver and Release. 
 (b) The Executive
has been advised to seek and has had the opportunity to seek legal counsel in connection with this Waiver and Release. 
 (c) The
Executive was given at least forty-five (45) days to consider the terms of this Waiver and Release before signing it. 
 (d) At
the time Executive was given this Waiver and Release, Executive was informed in writing of the class, unit or group of individuals covered by this offering, any eligibility factors for the program and any applicable time limits, as well as the job
titles and ages of all individuals eligible or selected for this offering and the ages of all individuals in the same job classification or organizational unit who are not eligible for or were not selected for the offering. 
 The Executive understands that, if the Executive signs the Waiver and Release, the Executive may revoke it within seven (7) days after signing it,
provided that Executive will not receive any severance benefits under the Separation Agreement. The Executive understands that this Waiver and Release will not be effective until after the seven-day period has expired and no consideration will be
due the Executive. 
 4. Severability. If all or any part of this Waiver and Release is declared by any court or governmental
authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other portion of this Waiver and Release. Any Section or a part of a Section declared to be unlawful or invalid shall, if possible, be construed in a
manner which will give effect to the terms of the Section to the fullest extent possible while remaining lawful and valid. 
 5.
Amendment. This Waiver and Release shall not be altered, amended, or modified except by written instrument executed by the Company and the Executive. A waiver of any portion of this Waiver and Release shall not be deemed a waiver of any other
portion of this Waiver and Release. 
  

 2 

 6. Applicable Law. The provisions of this Waiver and Release shall be interpreted and construed in
accordance with the laws of the State of Illinois without regard to its choice of law principles. 
 IN WITNESS WHEREOF, the Executive has
executed this Waiver and Release as of the date specified below. 
  

	
	EXECUTIVE
	
	  

	DATE:                     

  

 3Management Retention Agreement between Epicor Software Corp. and L. George Klaus

 Exhibit 10.1 
 EPICOR SOFTWARE CORPORATION 
 MANAGEMENT RETENTION AGREEMENT 
 This Management Retention Agreement (the “Agreement”) is made and entered into effective as of January 19, 2009 (the “Effective
Date”), by and between L. George Klaus (the “Executive”) and Epicor Software Corporation (the “Company”). Certain capitalized terms used in this Agreement are defined herein. 
 RECITALS 
 WHEREAS, Executive served
as the Executive Chairman of the Company’s Board of Directors (the “Board”) from February 19, 2008, through January 15, 2009; 
 WHEREAS, Executive’s Employment as the Executive Chairman of the Board terminated effective as of January 15, 2009 (the “Prior Termination”), and the parties agree that such termination constituted
a “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the final regulations and any guidance promulgated thereunder (“Section 409A”);

 WHEREAS, subsequent to, and unrelated to, the Prior Termination, the Company’s chief executive officer terminated his employment with
the Company, and the Board determined that it was in the best interests of the Company to appoint Executive as Chief Executive Officer, subject to his acceptance of the appointment; 
 WHEREAS, Executive has agreed to accept new employment with the Company as its Chief Executive Officer; 
 WHEREAS, Executive and the Company wish to commemorate the terms and conditions of Executive’s new employment as Company Chief Executive Officer in
a written agreement; 
 WHEREAS, Executive and the Company further wish to reflect that, notwithstanding Executive’s new employment with
the Company, Executive is entitled to certain benefits in connection with his Prior Termination in accordance with the terms and conditions of the Second Amended Management Retention Agreement entered into effective as of December 31, 2008, by
and between Executive and the Company (the “Second Amended Agreement); 
 WHEREAS, the parties agree that, subject to Executive’s
compliance with Section 12 of the Second Amended Agreement, including but not limited to Executive timely signing and not revoking a separation agreement and release of claims in a form reasonably acceptable to the Company, Executive is
entitled to continued participation in the Company’s group medical and dental plans and to the transfer to Executive of any and all rights, title, interest and claim that the Company may have in the Membership (as defined in the Second Amended
Agreement) in accordance with the terms and conditions of Sections 7(i)(c) and 7(i)(d) of the Second Amended Agreement (the “Prior Termination Benefits”); 
 WHEREAS, the parties agree that, subject to Executive’s compliance with Section 12 of the Second Amended Agreement, Executive is entitled to the Prior Termination Benefits, notwithstanding Executive’s
new employment with the Company and notwithstanding any voluntary or involuntary termination of Executive’s employment with the Company for any reason following the Effective Date; 
 NOW, THEREFORE, in consideration of the mutual covenants and promises set forth herein and for other good and valuable consideration, the receipt of and
sufficiency of which are hereby acknowledged, Company and the Executive agree as follows: 
 1. Definitions. The following terms
referred to in this Agreement shall have the following meanings: 
 (a) “Cause” means (i) any act of
personal dishonesty taken by Executive in connection with his responsibilities as an employee which is intended to result in substantial personal enrichment of Executive; (ii) Executive’s conviction of a felony which the Board reasonably
believes has had or will have a material detrimental effect on the Company’s reputation or business; (iii) a willful act by Executive which constitutes gross misconduct and is materially injurious to the Company; or (iv) continued
willful violations by Executive of Executive’s obligations to the Company after there has been delivered to Executive a written demand for 

 
performance from the Company which describes the basis for the Company’s belief that Executive has not substantially performed his duties and after
Executive has been given at least 10 business days in which to cure the circumstances identified in such written demand. 
 (b) “CEO” means the Executive’s position with the Company as Chief Executive Officer or such other position approved by the Board and agreed to by Executive. 
 (c) “Change of Control” means the occurrence of any of the following (i) the sale, lease, conveyance or other
disposition of all or substantially all of the Company’s assets as an entirety or substantially as an entirety to any person, entity or group of persons acting in concert, (ii) any transaction or series of transactions that results in, or
that is in connection with, any person, entity or group acting in concert (other than existing affiliates of the Company), acquiring “beneficial ownership” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or
indirectly, of such percentage of the aggregate voting power of all classes of voting equity stock of the Company as shall exceed fifty percent (50%) of such aggregate voting power, (iii) a 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; or (iv) any reverse merger in which the Company is a surviving entity but in which securities
possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior to such
reverse merger; or (v) a liquidation of the Company. 
 (d) “Disability” means Executive’s
inability due to any physical or mental condition to perform a substantial portion of his employment duties to the Company for twenty-four (24) or more consecutive weeks. 
 (e) “Involuntary Termination” means the Executive’s termination of employment as a result of the occurrence of any
of the following, without Executive’s express written consent, (i) a significant reduction of Executive’s duties, position or responsibilities relative to Executive’s CEO duties, position or responsibilities in effect immediately
prior to such reduction, or the removal of Executive from such position, duties and responsibilities, unless Executive is provided with comparable duties, position and responsibilities; (ii) a reduction by the Company of Executive’s CEO
base salary as in effect immediately prior to such reduction unless such reduction is made pursuant to and proportionately with any Company policy applicable to similarly-situated Company executives; (iii) the relocation of Executive to a
facility or a location more than one hundred (100) miles from his current location; (iv) any purported termination of Executive’s CEO title by the Company which is not effected for Cause or for which the grounds relied upon are not
valid; (v) Executive’s death or Disability; or (vi) the failure of the Company to obtain the assumption of this Agreement by any successors contemplated in Section 14 below. 
 2. Term of Agreement. Executive hereby accepts employment with the Company for a period beginning on the Effective Date and ending on
December 31, 2010 (“Employment Term”) on the terms and conditions set forth herein. The parties’ obligations under sections 8, 9, 10, 11, and 12 of this Agreement continue in certain respects after an Involuntary Termination
without Cause. 
 3. At-Will Employment. The Company and Executive acknowledge that Executive’s employment is and shall continue
to be at-will, as defined under applicable law. If Executive’s employment terminates for any reason, Executive 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. 
 4. Base
Salary. During the Employment Term, the Company will pay Executive a salary at an annualized rate of $736,403 as compensation for his services (the “Base Salary”). The Base Salary will be paid periodically in accordance with the
Company’s normal payroll practices and be subject to the usual, required withholdings. The Base Salary will not be increased during the Employment Term without the prior written approval of the Board. 
 5. Annual Incentive. Executive will be eligible to receive annual cash bonus payments under the Company’s cash bonus plan for Company
Executive Management as in effect on the Effective Date and as amended from time to time. Executive’s on-target bonus will be 70% of Base Salary. The bonus will be paid on a fiscal year basis based on the terms of the performance plan agreed to
between the Executive and the Board. 

 6. Equity Grants. 
 (a) Performance Based Restricted Stock Grant. Pursuant to the terms of the Agreement, Executive shall be granted a total of four
hundred thousand (400,000) shares of restricted Company common stock, allocated equally (200,000) to each of the 2009 and 2010 fiscal years (the “Performance Based Restricted Stock Grant”). The Performance Base Restricted Stock
Grant shall provide that the restrictions on the stock shall lift based on achievement of applicable Company performance goals during 2009 and 2010 as determined in accordance with the terms of the Company’s Performance Based Restricted Stock
Program (the “Program”) approved by the Company’s Compensation Committee and subject to the Executive’s continued service to the Company through the 2009 and 2010 performance periods. The Performance Based Restricted Stock Grant
will also be subject to the terms, definitions and provisions of the Company’s applicable stock incentive plan, as may be amended from time to time (the “Plan”) and the restricted stock agreement by and between Executive and the
Company (the “Performance Based Restricted Stock Agreement”), both of which documents are incorporated herein by reference. 
 (b) Time Based Restricted Stock Grant. Pursuant to the terms of the Agreement, Executive shall be granted a total of three hundred thousand (300,000) shares of restricted Company common stock (the
“Time Based Restricted Stock Grant”). The Time Based Restricted Stock Grant shall provide that the restrictions on the stock shall lift based on the passage of time over the Employment Term and subject to the Executive’s continued
service to the Company through each vesting date. Specifically, the vesting commencement date of the Time Based Restricted Stock Grant shall be the date of grant and the shares shall be scheduled to vest over the Employment Term with one-half
(150,000 shares) of the Time Based Restricted Stock Grant vesting on December 31, 2009 and the remaining one-half (150,000 shares) on December 31, 2010, subject to the Executive’s continued service to the Company through each vesting
date. The Time Based Restricted Stock Grant will also be subject to the terms, definitions and provisions of the Company’s applicable stock incentive plan, as may be amended from time to time (the “Plan”) and the restricted stock
agreement by and between Executive and the Company (the “Time Based Restricted Stock Agreement”), both of which documents are incorporated herein by reference. 
 7. Other. Upon Commencement as CEO, Executive shall be eligible to participate in the Company’s health plan, including the Exec-U-Care plan. After meeting eligibility requirements, Executive will be able
to participate in various company benefit programs including the Company’s 401(k) savings program, Employee Stock Purchase Plan, Section 125 Reimbursement Account, Deferred Compensation Program and the Confidential Employee Assistance
Program (EAP). 
 8. Severance Benefits Upon Involuntary Termination. 
 Section 8(i) below governs severance benefits to be received by Executive upon the occurrence of an Involuntary Termination at any time during the
Employment Term which Involuntary Termination does not occur within twelve months following a Change of Control. Section 8(ii) below governs severance benefits to be received by Executive upon the occurrence of an Involuntary Termination at any
time during the Employment Term which Involuntary Termination does occur within twelve months following a Change of Control. For purposes of clarity, notwithstanding the reason for Executive’s termination and whether such termination is an
Involuntary Termination, Executive will, subject to Executive’s compliance with Section 12 of the Second Amended Agreement, including but not limited to Executive timely signing and not revoking a separation agreement and release of claims
in a form reasonably acceptable to the Company, continue to be entitled to receive the Prior Termination Benefits (provided that Executive will continue to be entitled to receive the Prior Termination Benefits attributable to the Membership only to
the extent that such benefits have not been fully provided in accordance with Section 7(i)(d) of the Second Amended Agreement prior to the Executive’s termination following the Effective Date). 
 (i) Upon the occurrence of an Involuntary Termination at any time during the Employment Term which Involuntary Termination does not occur within twelve
months following a Change of Control, Executive shall be entitled to only the following benefits: 
 (a) An amount equal to
twelve (12) months of Executive’s Base Salary as in effect as of the date of the Involuntary Termination, to be paid periodically in accordance with the Company’s normal payroll policies; and 

 (b) An amount equal to 100% of the Executive’s target annual bonus as calculated
from the Executive’s bonus plan in effect at the time of the Executive’s Involuntary Termination. 
 (ii) Upon the occurrence of an
Involuntary Termination at any time during the Employment Term and which Involuntary Termination occurs within twelve (12) months following a Change of Control, Executive shall be entitled to only the following benefits: 
 (a) An amount equal to eighteen (18) months of Executive’s Base Salary as in effect as of the date of the Involuntary
Termination, to be paid periodically in accordance with the Company’s normal payroll policies; and 
 (b) An amount equal
to 150% of the Executive’s target annual bonus as calculated from the Executive’s bonus plan in effect at the time of the Executive’s Involuntary Termination. 
 9. Other Termination. If the Executive’s employment as CEO with the Company terminates at any time, for any reason, including
Executive’s death, other than as a result of an Involuntary Termination (in which case he shall be entitled to the benefits set forth above in Sections 8(i) or 8(ii), as applicable), then the Executive shall only be entitled to continue to
receive the Prior Termination Benefits, subject to Executive’s compliance with Section 12 of the Second Amended Agreement (provided that Executive will continue to be entitled to receive the Prior Termination Benefits attributable to the
Membership only to the extent that such benefits have not been fully provided in accordance with Section 7(i)(d) of the Second Amended Agreement prior to the Executive’s termination following the Effective Date). However, Executive may
also be eligible for those benefits (if any) as may then be established under the Company’s then existing severance and benefits plans and policies at the time of such termination; provided, however, that any such severance benefits will be
paid or provided at the same time and in the same form as similar severance benefits would be paid or provided under Section 8(i) or (ii) in connection with Executive’s Involuntary Termination. 
 10. Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the timing of, Executive’s termination of employment:
(i) the Company shall pay Executive any unpaid base salary due for periods prior to any termination of employment; (ii) the Company shall pay Executive all of his accrued and unused vacation, if any, through any termination of employment,
as well as all earned but as-yet unpaid bonuses; and (iii) following submission of proper expense reports by Executive, the Company shall reimburse Executive for all expenses reasonably and necessarily incurred by Executive in connection with
the business of the Company prior to any termination of employment. Executive acknowledges that as of the Effective Date, he does not have any accrued vacation as mandated by established Company policy. These payments shall be made promptly upon
termination and within the period of time mandated by law. 
 11. Golden Parachute Excise Tax Gross-Up. In the event that the
severance and other benefits provided for in this Agreement constitute “parachute payments” within the meaning of Section 280G of the Code and will be subject to the excise tax imposed by Section 4999 of the Code, then Executive
shall receive (i) a payment from the Company sufficient to pay such excise tax, and (ii) an additional payment from the Company sufficient to pay the excise tax and federal and state income taxes arising from the payments made by the
Company to Executive pursuant to this sentence. Unless the Company and Executive otherwise agree in writing, the determination of Executive’s excise tax liability and the amount required to be paid under this Section shall be made in writing by
the Company’s independent accountants (the “Auditors”). In the event that the excise tax incurred by Executive is determined by the Internal Revenue Service to be greater or lesser than the amount so determined by the Auditors, the
Company and Executive agree to promptly make such additional payment, including interest and any tax penalties, to the other party as the Auditors reasonably determine is appropriate to ensure that the net economic effect to Executive under this
Section, on an after-tax basis, is as if the Code Section 4999 excise tax did not apply to Executive. Any payments required to be made by the Company to Executive in accordance with this Section 11 shall be referred to herein as
“Gross-Up Payments.” For purposes of making the calculations required by this Section, the Auditors may make reasonable assumptions and approximations concerning applicable taxes and may rely on interpretations of the Code for which there
is a “substantial authority” tax reporting position. The Company and Executive shall furnish to the Auditors such information and documents as the Auditors may reasonably request in order to make a determination under this Section. The
Company shall bear all costs the Auditors may reasonably incur in connection with any calculations contemplated by this Section. Any Gross-Up Payment will be paid to Executive, or for his benefit, within thirty (30) days following receipt by
the Company of the report of the Auditors setting forth its determination, but in no event later than the time permitted under Section 1.409A-3(i)(1)(v) of the 

 
Treasury Regulations under Code Section 409A. Notwithstanding the foregoing, if Executive is a “specified employee” (as described in
Section 13 below) on the date of Executive’s “separation from service” other than due to death (as described in Section 13 below) and a Gross-Up Payment would not have been required under this Section 11 in the absence
of the benefits provided for in this Agreement, any Gross-Up Payment otherwise due to Executive on or within the six (6) month period following Executive’s separation from service will accrue during such six (6) month period and will
become payable in a lump sum payment (less any applicable withholding taxes) on the date six (6) months and one (1) day following the date of Executive’s separation from service. 
 12. Conditions to Receipt of Severance. 
 (a) Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 8 or Section 9 will be subject to Executive signing and not revoking a separation agreement and release
of claims in a form reasonably acceptable to the Company and within the period required by the release but in no event later than sixty (60) days following Executive’s termination of employment, inclusive of any revocation period set forth
in the release. The Company shall provide an initial draft of the separation agreement and release of claims within ten (10) business days after Executive’s termination of employment. No severance will be paid or provided until the
separation agreement and release agreement becomes effective. Subject to the Section 13, if Executive’s employment ends on or before October 15 of a calendar year, the Deferred Compensation Separation Benefits (as defined in
Section 13) to which Executive is entitled shall be paid by the Company to Executive (less applicable tax withholdings) as soon as administratively practicable following the date of Executive’s separation from service, or, if later, on the
date the separation agreement and release of claims required by this Section 12(a) becomes effective, but in no event later than December 31 of that calendar year. If Executive’s employment ends after October 15 of a calendar
year, the Deferred Compensation Separation Benefits to which Executive is entitled shall be paid by the Company to Executive on the later of (a) the second payroll date in the calendar year next following the calendar year in which
Executive’s employment has ended or (b) the first payroll date following the date Executive’s separation agreement and release of claims becomes effective, subject to the Section 13. 
 (b) Nondisparagement. During the Employment Term and while the Executive is receiving the Base Salary under Section 8 or the
continued medical benefits under Section 7(i)(c) of the Second Amended Agreement (“Severance Period”), Executive will not knowingly disparage, criticize, or otherwise make any derogatory statements regarding the Company, its
directors, or its officers. The Company will instruct its officers and directors to not knowingly disparage, criticize, or otherwise make any derogatory statements regarding the Executive during the Employment Term and Severance Period.
Notwithstanding the foregoing, nothing contained in this agreement will be deemed to restrict the Executive, the Company or any of the Company’s current or former officers and/or directors from providing information to any governmental or
regulatory agency (or in any way limit the content of any such information) to the extent they are requested or required to provide such information pursuant to applicable law or regulation. 
 (c) Other Requirements. Executive’s receipt of continued severance payments will be subject to Executive continuing to comply
with the terms of the Company’s Confidential/Proprietary Information Agreement and the provisions of this Section 12. 
 13.
Code Section 409A. 
 (a) Six-Month Delay. Notwithstanding anything to the contrary in this Agreement, no
Deferred Compensation Separation Benefits (as defined below) will be considered due or payable until Executive has a “separation from service” within the meaning of Section 409A. In addition, if Executive is a “specified
employee” within the meaning of Section 409A at the time of his separation from service (other than due to death), then the severance benefits payable to Executive under this Agreement, if any, and any other severance payments or
separation benefits that may be considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) otherwise due to Executive on or within the six (6) month period following his
separation from service will accrue during such six (6) month period and will become payable in a lump sum payment (less applicable withholding taxes) on the date six (6) months and one (1) day following the date of Executive’s
separation from service. All subsequent payments, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following his separation from
service but prior to the six (6)

 
month anniversary of his date of separation, then any payments delayed in accordance with this paragraph will be payable in a lump sum (less applicable
withholding taxes) to Executive’s estate as soon as administratively practicable after the date of his death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each
payment or benefit. 
 (b) Amendments to this Agreement to Comply with Section 409A. For purposes of
Section 409A, each salary continuation payment under Sections 8(i)(a) and 8(ii)(a) is, and the lump sum target bonus payments under Sections 8(i)(b) and 8(ii)(b) each are, hereby designated as a separate payment. It is the intent of this
Agreement to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder (to the extent such payments and benefits are not exempt from Section 409A) will be subject to the
additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. Executive and the Company agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions
which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition under Section 409A prior to actual payment to Executive. 
 14. 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 or which becomes bound by the terms of this Agreement by operation of law. 
 (b) Executive’s
Successors. Without the written consent of the Company, Executive 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 Executive hereunder shall inure to the benefit of, and be enforceable by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

15. 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. In the case of Executive, mailed notices shall be addressed to him at the home address that 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. 
 (b) Notice of
Termination. Any termination by the Company for Cause or by Executive as a result of a voluntary resignation or Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with this
Section. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and
shall specify the termination date (which shall be not more than 30 days after the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not
waive any right of Executive hereunder or preclude Executive from asserting such fact or circumstance in enforcing his rights hereunder. 
 16. 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. Executive 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) Executive understands that nothing in this Section modifies Executive’s at-will employment status. Either Executive or the Company can terminate the employment relationship at any time, with or without Cause.

 (d) EXECUTIVE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE 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 EXECUTIVE’S RIGHT TO A JURY
TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EXECUTIVE 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; 
 (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO
EMPLOYMENT OR EMPLOYMENT DISCRIMINATION. 
 17. Miscellaneous Provisions. 
 (a) No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor
shall any such payment be reduced by earnings that Executive may receive from any other source, except with respect to the suspension of any post-termination medical coverage while Executive or any Covered Persons (as defined in the Second Amended
Agreement) has alternative coverage as described in Section 7(i)(c) of the Second Amended Agreement. 
 (b)
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 Executive and by an authorized officer of the Company (other than Executive). 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.

 (c) Integration. This Agreement, the terms and conditions of Sections 7(i)(c), 7(i)(d) and Section 12 of the
Second Amended Agreement (as such provisions apply to the Prior Termination Benefits) and any outstanding stock option agreements and restricted stock agreements referenced herein represent 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, including but not limited to any stock option agreement, restricted stock purchase agreement, restricted
stock agreement or severance agreement. Executive agrees and acknowledges that in the event of any conflict, redundancy or 

 
discrepancy between the terms and conditions of this Agreement and any other agreement regarding the subject matter herein, the terms and conditions of this
Agreement shall govern. 
 (d) 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. 
 (e) 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.

 (f) Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable
income and employment taxes. 
 (g) 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. 
 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:	 		 	EPICOR SOFTWARE CORPORATION
					
		 		 		 	By:	 	/s/ John D. Ireland
		 		 		 	Title:	 	Sr. Vice President and General Counsel
			
	EXECUTIVE:	 		 	/s/ L. George Klaus
		 		 		 	Signature
				
		 		 		 	L. George Klaus
		 		 		 	Printed Name

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]