Document:

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                                                                    Exhibit 10.4

     ASCENTIAL SOFTWARE CORPORATION (formerly known as Informix Corporation)

       Amended and Restated 1998 Non-Statutory Stock Option and Award Plan

      (Effective as of July 17, 1998 and amended on May 5, 1999, August 5,
          1999, October 21, 1999, April 28, 2000 and March 8, 2002 and
                     amended and restated on June 27, 2003)

1.    PURPOSES OF THE PLAN. The purposes of this Non-Statutory Stock Option
and Award Plan are:

      (a)   to attract and retain the best available personnel for positions
of substantial responsibility,

      (b)   to provide additional incentive to Employees and Consultants, and

      (c)   to promote the success of the Company's business.

      Options granted under the Plan will be Nonstatutory Stock Options (as
amended May 5, 1999) or Restricted Stock Awards (as amended June 27, 2003).

2.    DEFINITIONS. As used herein, the following definitions shall apply:

      (a) "ADMINISTRATOR" means the Board or any of its Committees as shall be
administering the Plan, in accordance with Section 4 of the Plan.

      (b) "APPLICABLE LAWS" means the requirements relating to the
administration of stock option plans under U.S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of
any foreign country or jurisdiction where Options are, or will be, granted under
the Plan.

      (c)   "BOARD" means the Board of Directors of the Company.

      (d)   "CODE" means the Internal Revenue Code of 1986, as amended.

      (e) "COMMITTEE" means a committee of Directors appointed by the Board in
accordance with Section 4 of the Plan.

      (f)   "COMMON STOCK" means the common stock of the Company.

      (g)   "COMPANY" means Ascential Software Corporation, a Delaware
corporation.

      (h) "CONSULTANT" means any person, including an advisor, engaged by the
Company or a Parent or Subsidiary to render services to such entity.

      (i)   "DIRECTOR" means a member of the Board.

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      (j)   "DISABILITY" means total and permanent disability as defined in
Section 22(e)(3) of the Code.

      (k) "EMPLOYEE" means any person employed by the Company or any Parent or
Subsidiary of the Company, including Officers. An Employee shall not cease to be
an Employee in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or between the Company, its
Parent, any Subsidiary, or any successor. Neither service as a Director nor
payment of a director's fee by the Company shall be sufficient to constitute
"employment" by the Company (as amended May 5, 1999).

      (l)   "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

      (m) "FAIR MARKET VALUE" means the last quoted selling prices for Shares on
the relevant date, or if there were no sales on such date, the arithmetic mean
of the last quoted selling prices on the nearest day before and the nearest day
after the relevant date, as determined by the Committee.

      (n) "NOTICE OF GRANT" means a written or electronic notice evidencing
certain terms and conditions of an individual Option grant. The Notice of Grant
is part of the Option Agreement.

      (o) "OFFICER" means any Employee who is (i) an officer of the Company
pursuant to the specifications set forth in the By-Laws of the Company, (ii)
holds a position of vice-president or above, or (iii) is otherwise treated as an
officer by the Company.

      (p) "OPTION" means a nonstatutory stock option granted pursuant to the
Plan, that is not intended to qualify as an incentive stock option within the
meaning of Section 422 of the Code and the regulations promulgated thereunder.

      (q) "OPTION AGREEMENT" means an agreement between the Company and a
Participant evidencing the terms and conditions of an individual Option grant.
The Option Agreement is subject to the terms and conditions of the Plan.

      (r) "OPTION EXCHANGE PROGRAM" means a program whereby outstanding options
are surrendered in exchange for options with a lower exercise price.

      (s)   "OPTIONED STOCK" means the Common Stock subject to an Option.

      (t) "PARENT" means a "parent corporation," whether now or hereafter
existing, as defined in Section 424(e) of the Code.

      (u) "PARTICIPANT" means the holder of an outstanding Option or Restricted
Stock Award granted under the Plan.

      (v) "PLAN" means this Amended and Restated 1998 Non-Statutory Stock Option
and Award Plan, as amended from time to time.

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      (w) "SHARE" means a share of the Common Stock, as adjusted in accordance
with Section 13 of the Plan. All Share numbers reflect the one-for-four reverse
split of the Common Stock effective June 17, 2003.

      (x) "RESTRICTED STOCK AWARD" means a restricted stock award, subject to
the Company's right of repurchase, granted pursuant to the Plan.

      (y) "SUBSIDIARY" means a "subsidiary corporation," whether now or
hereafter existing, as defined in Section 424(f) of the Code.

3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section 13 of the
Plan, the maximum aggregate number of Shares which may be optioned or sold under
the Plan is eight million one hundred twenty five thousand (8,125,000) Shares.
This includes (i) 625,000 Shares added to the Plan on August 5, 1999, (ii)
625,000 added to the Plan on October 21, 1999, (iii) 1,250,000 added to the Plan
on April 28, 2000, (v) 1,250,000 added to the Plan on March 8, 2002, and (v)
3,000,000 added to the Plan on June 27, 2003. The Shares may be authorized, but
unissued, or reacquired Common Stock (as amended August 5, 1999, October 21,
1999, April 28, 2000, March 8, 2002 and June 27, 2003). All Share numbers
reflect the one-for-four reverse split of the Common Stock effective June 17,
2003.

4.    ADMINISTRATION OF THE PLAN.

      (a) The Plan shall be administered by (i) the Board or (ii) a Committee,
which committee shall be constituted to satisfy Applicable Laws.

      (b)   POWERS OF THE ADMINISTRATOR. Subject to the provisions of the
Plan, and in the case of a Committee, subject to the specific duties
delegated by the Board to such Committee, the Administrator shall have the
authority, in its discretion:

            (i)   to determine the Fair Market Value of the Common Stock;

            (ii)  to select the Employees (other than Officers and Directors) to
                  whom Options or Restricted Stock Awards may be granted
                  hereunder;

            (iii) to determine whether and to what extent Options and
                  Restricted Stock Awards are granted hereunder;

            (iv)  to determine the number of shares of Common Stock to be
                  covered by each Option or Restricted Stock Award granted
                  hereunder;

            (v)   to approve forms of agreement for use under the Plan;

            (vi)  to determine the terms and conditions, not inconsistent with
                  the terms of the Plan, of any award granted hereunder. Such
                  terms and conditions include, but are not limited to, the
                  exercise price, the time or times when Options may be
                  exercised (which may be based on performance criteria), any
                  vesting acceleration or waiver of forfeiture restrictions, and
                  any restriction or limitation regarding any Option or the
                  shares of Common

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                  Stock relating thereto or any Restricted Stock Award, based in
                  each case on such factors as the Administrator, in its sole
                  discretion, shall determine;

            (vii) to reduce the exercise price of any Option to the then current
                  Fair Market Value if the Fair Market Value of the Common Stock
                  covered by such Option shall have declined since the date the
                  Option was granted;

            (viii) to institute an Option Exchange Program;

            (ix)  to construe and interpret the terms of the Plan and awards
                  granted pursuant to the Plan;

            (x)   to modify or amend each Option or Restricted Stock Award
                  (subject to Section 15(b) of the Plan), including the
                  discretionary authority to extend the post-termination
                  exercisability period of Options longer than is otherwise
                  provided for in the Plan;

            (xi)  to authorize any person to execute on behalf of the Company
                  any instrument required to effect the grant of an Option or
                  Restricted Stock Award previously granted by the
                  Administrator;

            (xii) to determine the terms and restrictions applicable to
                  Options and Restricted Stock Awards;

            (xiii)to allow Participants to satisfy withholding tax obligations
                  by electing to have the Company withhold from the Shares to be
                  issued upon exercise of an Option that number of Shares having
                  a Fair Market Value equal to the amount required to be
                  withheld. The Fair Market Value of the Shares to be withheld
                  shall be determined on the date that the amount of tax to be
                  withheld is to be determined. All elections by a Participant
                  to have Shares withheld for this purpose shall be made in such
                  form and under such conditions as the Administrator may deem
                  necessary or advisable; and to make all other determinations
                  deemed necessary or advisable for administering the Plan.

      (c)   EFFECT OF ADMINISTRATOR'S DECISION. The Administrator's
decisions, determinations and interpretations shall be final and binding on
all Participants and any other holders of Options or Restricted Stock Awards.

5.    ELIGIBILITY. Options and Restricted Stock Awards may be granted
hereunder only to Employees and Consultants (as amended May 5, 1999 and June
27, 2003).

6. LIMITATION. Neither the Plan nor any Option nor any Restricted Stock Award
shall confer upon a Participant any right with respect to continuing the
Participant's relationship as an Employee with the Company, nor shall they
interfere in any way with the Participant's right or the Company's right to
terminate such relationship at any time, with or without cause.

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7.    TERM OF PLAN. The Plan shall become effective upon July 17, 1998. It
shall continue in effect for ten (10) years, unless sooner terminated under
Section 15 of the Plan.

8.    TERM OF OPTION. The term of each Option shall be stated in the Option
Agreement.

9.    OPTION EXERCISE PRICE AND CONSIDERATION.

      (a)   EXERCISE PRICE. The per share exercise price for the Shares to be
issued pursuant to exercise of an Option shall be determined by the
Administrator.

      (b) WAITING PERIOD AND EXERCISE DATES. At the time an Option is granted,
the Administrator shall fix the period within which the Option may be exercised
and shall determine any conditions which must be satisfied before the Option may
be exercised.

      (c)   FORM OF CONSIDERATION. The Administrator shall determine the
acceptable form of consideration for exercising an Option, including the
method of payment. Such consideration may consist entirely of:

            (i)   cash;

            (ii)  check;

            (iii) promissory note;

            (iv)  other Shares which (A) in the case of Shares acquired upon
                  exercise of an option, have been owned by the Participant for
                  more than six months on the date of surrender, and (B) have a
                  Fair Market Value on the date of surrender equal to the
                  aggregate exercise price of the Shares as to which said Option
                  shall be exercised;

            (v)   consideration received by the Company under a cashless
                  exercise program implemented by the Company in connection
                  with the Plan;

            (vi)  such other consideration and method of payment for the
                  issuance of Shares to the extent permitted by Applicable
                  Laws; or

            (vii) any combination of the foregoing methods of payment.

10.   EXERCISE OF OPTION.

      (a) PROCEDURE FOR EXERCISE; RIGHTS AS A STOCKHOLDER. Any Option granted
hereunder shall be exercisable according to the terms of the Plan and at such
times and under such conditions as determined by the Administrator and set forth
in the Option Agreement. An Option may not be exercised for a fraction of a
Share.

      An Option shall be deemed exercised when the Company receives: (i) written
or electronic notice of exercise (in accordance with the Option Agreement) from
the person entitled to exercise the Option, and (ii) full payment for the Shares
with respect to which the Option is

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exercised. Full payment may consist of any consideration and method of payment
authorized by the Administrator and permitted by the Option Agreement and the
Plan. Shares issued upon exercise of an Option shall be issued in the name of
the Participant or, if requested by the Participant, in the name of the
Participant and his or her spouse. Until the Shares are issued (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or receive dividends or any
other rights as a stockholder shall exist with respect to the Optioned Stock,
notwithstanding the exercise of the Option. The Company shall issue (or cause to
be issued) such Shares promptly after the Option is exercised. No adjustment
will be made for a dividend or other right for which the record date is prior to
the date the Shares are issued, except as provided in Section 13 of the Plan.

      Exercising an Option in any manner shall decrease the number of Shares
thereafter available, both for purposes of the Plan and for sale under the
Option, by the number of Shares as to which the Option is exercised.

      (b) TERMINATION OF RELATIONSHIP AS AN EMPLOYEE. If a Participant ceases to
be a an Employee, other than upon the Participant's death or Disability, the
Participant may exercise his or her Option, but only within such period of time
as is specified in the Option Agreement, and only to the extent that the Option
is vested on the date of termination (but in no event later than the expiration
of the term of such Option as set forth in the Option Agreement). If, on the
date of termination, the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option shall revert to
the Plan. If, after termination, the Participant does not exercise his or her
Option within the time specified by the Administrator, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

      (c) DISABILITY OF PARTICIPANT. If a Participant ceases to be an Employee
as a result of the Participant's Disability, the Participant may exercise his or
her Option within such period of time as is specified in the Option Agreement,
to the extent the Option is vested on the date of termination, including as to
accelerated vesting as set forth in the Option Agreement (but in no event later
than the expiration of the term of such Option as set forth in the Option
Agreement). If, on the date of termination, the Participant is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Participant does not
exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

      (d) DEATH OF PARTICIPANT. If a Participant dies while an Employee, the
Option may be exercised within such period of time as is specified in the Option
Agreement (but in no event later than the expiration of the term of such Option
as set forth in the Notice of Grant), by the Participant's estate or by a person
who acquires the right to exercise the Option by bequest or inheritance, but
only to the extent that the Option is vested on the date of death, including as
to accelerated vesting as set forth in the Option Agreement. If, at the time of
death, the Participant is not vested as to his or her entire Option, the Shares
covered by the unvested portion of the Option shall immediately revert to the
Plan. The Option may be exercised by the executor or administrator of the
Participant's estate or, if none, by the person(s) entitled to exercise the
Option under the Participant's will or the laws of descent or distribution. If
the Option is not so

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exercised within the time specified herein, the Option shall terminate, and the
Shares covered by such Option shall revert to the Plan.

      (e) BUYOUT PROVISIONS. The Administrator may at any time offer to buy out
for a payment in cash or Shares, an Option previously granted based on such
terms and conditions as the Administrator shall establish and communicate to the
Participant at the time that such offer is made.

      (f) NON-TRANSFERABILITY OF OPTIONS. Unless determined otherwise by the
Administrator, an Option may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of
descent or distribution and may be exercised, during the lifetime of the
Participant, only by the Participant. If the Administrator makes an Option
transferable, such Option shall contain such additional terms and conditions as
the Administrator deems appropriate.

11.   Restricted Stock

      (a) Grants. The Committee may grant Restricted Stock Awards entitling
recipients to acquire shares of Common Stock, subject to the right of the
Company to repurchase all or part of such shares at their issue price or other
stated or formula price (or to require forfeiture of such shares if issued at no
cost) from the recipient in the event that conditions specified by the Committee
in the applicable Restricted Stock Award are not satisfied prior to the end of
the applicable restriction period or periods established by the Administrator
for such Award. The Committee, in its sole discretion, shall determine the
number of Restricted Stock Awards granted to each Participant, provided that no
more than 20% of the maximum number of shares authorized for issuance under the
Plan may be issued pursuant to Restricted Stock Awards.

      (b) Terms and Conditions. The Committee shall determine the terms and
conditions of any such Restricted Stock Awards, including the conditions for
repurchase (or forfeiture) and the issue price, if any.

      (c) Stock Certificates. Any stock certificates issued in respect of a
Restricted Stock Award shall be registered in the name of the Participant and,
unless otherwise determined by the Board, deposited by the Participant, together
with a stock power endorsed in blank, with the Company (or its designee). At the
expiration of the applicable restriction periods, the Participant will receive a
certificate no longer subject to such restrictions or a notice from the
Company's transfer agent of registration of such shares no longer subject to
such restrictions in book entry form. If the Participant has died, such
certificate or notice will be delivered to the beneficiary designated, in a
manner determined by the Committee, by a Participant to receive amounts due or
exercise rights of the Participant in the event of the Participant's death (the
"Designated Beneficiary"). In the absence of an effective designation by a
Participant, Designated Beneficiary shall mean the Participant's estate.

      (d) NON-TRANSFERABILITY OF RESTRICTED STOCK AWARDS. Unless determined
otherwise by the Administrator, Restricted Stock Awards may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other
than by will or by the laws of descent or distribution and may be exercised,
during the lifetime of the Participant, only

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by the Participant. If the Administrator makes Restricted Stock Award
transferable, such Restricted Stock Award shall contain such additional terms
and conditions as the Administrator deems appropriate.

12.   CHANGES IN CAPITALIZATION AND OWNERSHIP.

      (a) CHANGES IN CAPITALIZATION. Subject to any required action by the
stockholders of the Company, the number of shares of Common Stock covered by
each outstanding Option or Restricted Stock Award, and the number of shares of
Common Stock which have been authorized for issuance under the Plan but as to
which no Options or Restricted Stock Awards have yet been granted or which have
been returned to the Plan upon cancellation, repurchase by the Company or
expiration of an Option or Restricted Stock Award, as well as the price per
share of Common Stock covered by each such outstanding Option, shall be
proportionately adjusted for any increase or decrease in the number of issued
shares of Common Stock resulting from a stock split, reverse stock split, stock
dividend, combination or reclassification of the Common Stock, or any other
increase or decrease in the number of issued shares of Common Stock effected
without receipt of consideration by the Company; provided, however, that
conversion of any convertible securities of the Company shall not be deemed to
have been "effected without receipt of consideration." Such adjustment shall be
made by the Board, whose determination in that respect shall be final, binding
and conclusive. Except as expressly provided herein, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock
of any class, shall affect, and no adjustment by reason thereof shall be made
with respect to, the number or price of shares of Common Stock subject to an
Option or Restricted Stock Award.

      (b) CHANGES IN CONTROL. All obligations of the Company under the Plan,
with respect to Options or Restricted Stock Awards granted hereunder, shall be
binding on any successor to the Company, whether the existence of such successor
is the result of a direct on indirect purchase, merger, consolidation, or
otherwise, of all or substantially all of the business and/or assets of the
Company.

13. DATE OF GRANT. The date of grant of an Option or Restricted Stock Award
shall be, for all purposes, the date on which the Administrator makes the
determination granting such Option or Restricted Stock Award, or such other
later date as is determined by the Administrator. Notice of the determination
shall be provided to each Participant within a reasonable time after the date of
such grant.

14.   AMENDMENT AND TERMINATION OF THE PLAN.

      (a)   AMENDMENT AND TERMINATION. The Board may at any time amend,
alter, suspend or terminate the Plan.

      (b) EFFECT OF AMENDMENT OR TERMINATION. No amendment, alteration,
suspension or termination of the Plan shall impair the rights of any
Participant, unless mutually agreed otherwise between the Participant and the
Administrator, which agreement must be in writing and signed by the Participant
and the Company. Termination of the Plan shall not affect

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the Administrator's ability to exercise the powers granted to it hereunder with
respect to options granted under the Plan prior to the date of such termination.

15. CONDITIONS UPON ISSUANCE OF SHARES. The Company will not be obligated to
deliver any shares of Common Stock pursuant to the Plan or to remove
restrictions from shares previously delivered under the Plan until (i) all
conditions of the Option of Restricted Stock Award have been met or removed to
the satisfaction of the Company, (ii) in the opinion of the Company's counsel,
all other legal matters in connection with the issuance and delivery of such
shares have been satisfied, including any applicable securities laws and any
applicable stock exchange or stock market rules and regulations, and (iii) the
Participant has executed and delivered to the Company such representations or
agreements as the Company may consider appropriate to satisfy the requirements
of any applicable laws, rules or regulations.

16. INABILITY TO OBTAIN AUTHORITY. The inability of the Company to obtain
authority from any regulatory body having jurisdiction, which authority is
deemed by the Company's counsel to be necessary to the lawful issuance and sale
of any Shares hereunder, shall relieve the Company of any liability in respect
of the failure to issue or sell such Shares as to which such requisite authority
shall not have been obtained.

17.   RESERVATION OF SHARES. The Company, during the term of this Plan, will
at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

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                                                                   Exhibit 10.20

                               Retention Agreement

      THIS AGREEMENT by and between Applix, Inc., a Massachusetts corporation
(the "Company"), and David C. Mahoney (the "Employee") is made as of May 1,
2003 (the "Effective Date").

      WHEREAS, the Company recognizes that, as is the case with many
publicly-held corporations, the possibility of a change in control of the
Company exists and that such possibility, and the uncertainty and questions
which it may raise, may result in the departure or distraction of the Employee
to the detriment of the Company and its stockholders, and

      WHEREAS, the Company recognizes that the possibility of a termination
without cause or for good reason may also result in the departure or distraction
of the Employee to the detriment of the Company and its stockholders, and

      WHEREAS, the Company has determined that appropriate steps should be taken
to reinforce and encourage the continued employment and dedication of the
Employee without distraction from the possibility of a termination upon change
in control of the Company and related events and circumstances, or a termination
without cause or for good reason.

      NOW, THEREFORE, as an inducement for and in consideration of the Employee
remaining in its employ, the Company agrees that the Employee shall receive the
severance benefits set forth in this Agreement in the event the Employee's
employment with the Company is terminated under the circumstances described
below:

      1. Key Definitions.

      As used herein, the following terms shall have the following respective
meanings:

            1.1 "Change in Control" means an event or occurrence set forth in
any one or more of subsections (a) through (d) below (including an event or
occurrence that constitutes a Change in Control under one of such subsections
but is specifically exempted from another such subsection):

                  (a) the acquisition by an individual, entity or group (within
the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership of
any capital stock of the Company if, after such acquisition, such Person
beneficially owns (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) 50% or more of either (i) the then-outstanding shares of common
stock of the Company (the "Outstanding Company Common Stock") or (ii) the
combined voting power of the then-outstanding securities of the Company entitled
to vote generally in the election of directors (the "Outstanding Company Voting
Securities"); provided, however, that for purposes of this subsection (a), the
following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company (excluding an acquisition pursuant to the
exercise, conversion or exchange of any security exercisable for, convertible
into or exchangeable for common stock or voting securities of the Company,
unless the Person exercising, converting or exchanging such security acquired
such security directly from the
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Company or an underwriter or agent of the Company), (ii) any acquisition by the
Company, (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the
Company, or (iv) any acquisition by any corporation pursuant to a transaction
which complies with clauses (i) and (ii) of subsection (c) of this Section 1.1;
or

                  (b) such time as the Continuing Directors (as defined below)
do not constitute a majority of the Board of Directors of the Company (the
"Board") (or, if applicable, the Board of Directors of a successor corporation
to the Company), where the term "Continuing Director" means at any date a member
of the Board (i) who was a member of the Board on the date of the execution of
this Agreement or (ii) who was nominated or elected subsequent to such date by
at least a majority of the directors who were Continuing Directors at the time
of such nomination or election or whose election to the Board was recommended or
endorsed by at least a majority of the directors who were Continuing Directors
at the time of such nomination or election; provided, however, that there shall
be excluded from this clause (ii) any individual whose initial assumption of
office occurred as a result of an actual or threatened election contest with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than the
Board; or

                  (c) the consummation of a merger, consolidation,
reorganization, recapitalization or statutory share exchange involving the
Company or a sale or other disposition of all or substantially all of the assets
of the Company in one or a series of transactions (a "Business Combination"),
unless, immediately following such Business Combination, each of the following
two conditions is satisfied: (i) all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding Company Common Stock
and Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common stock and the combined voting power of the
then-outstanding securities entitled to vote generally in the election of
directors, respectively, of the resulting or acquiring corporation in such
Business Combination (which shall include, without limitation, a corporation
which as a result of such transaction owns the Company or substantially all of
the Company's assets either directly or through one or more subsidiaries) (such
resulting or acquiring corporation is referred to herein as the "Acquiring
Corporation") in substantially the same proportions as their ownership,
immediately prior to such Business Combination, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, respectively; and (ii)
no Person (excluding the Acquiring Corporation or any employee benefit plan (or
related trust) maintained or sponsored by the Company or by the Acquiring
Corporation) beneficially owns, directly or indirectly, 30% or more of the then
outstanding shares of common stock of the Acquiring Corporation, or of the
combined voting power of the then-outstanding securities of such corporation
entitled to vote generally in the election of directors (except to the extent
that such ownership existed prior to the Business Combination); or

                  (d) approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

            1.2 "Change in Control Date" means the first date during the Term
(as defined in Section 2) on which a Change in Control occurs. Anything in this
Agreement to the contrary

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notwithstanding, if (a) a Change in Control occurs, (b) the Employee's
employment with the Company is terminated prior to the date on which the Change
in Control occurs, and (c) it is reasonably demonstrated by the Employee that
such termination of employment (i) was at the request of a third party who has
taken steps reasonably calculated to effect a Change in Control or (ii)
otherwise arose in connection with or in anticipation of a Change in Control,
then for all purposes of this Agreement the "Change in Control Date" shall mean
the date immediately prior to the date of such termination of employment.

            1.3 "Cause" means:

                  (a) the Employee's willful and continued failure to
substantially perform his reasonable assigned duties as an employee of the
Company (other than any such failure resulting from incapacity due to physical
or mental illness or any failure after the Employee gives notice of termination
for Good Reason), which failure is not cured within 30 days after a written
demand for substantial performance is received by the Employee from the Company
which specifically identifies the manner in which the Company believes the
Employee has not substantially performed the Employee's duties; or

                  (b) the Employee's willful engagement in illegal conduct or
gross misconduct which is materially and demonstrably injurious to the Company.

      For purposes of this Section 1.3, no act or failure to act by the Employee
shall be considered "willful" unless it is done, or omitted to be done, in bad
faith and without reasonable belief that the Employee's action or omission was
in the best interests of the Company.

            1.4 "Good Reason" means the occurrence, without the Employee's
written consent, of any of the events or circumstances set forth in clauses (a)
through (g) below. Notwithstanding the occurrence of any such event or
circumstance, such occurrence shall not be deemed to constitute Good Reason if,
prior to the Date of Termination specified in the Notice of Termination (each as
defined in Section 3.2(a)) given by the Employee in respect thereof, such event
or circumstance has been fully corrected and the Employee has been reasonably
compensated for any losses or damages resulting therefrom (provided that such
right of correction by the Company shall only apply to the first Notice of
Termination for Good Reason given by the Employee).

                  (a) the assignment to the Employee of duties inconsistent in
any material respect with the Employee's position (including status, offices,
titles and reporting requirements), authority or responsibilities in effect, in
the case of termination pursuant to Section 4.1 below, immediately prior to the
earliest to occur of (i) the Change in Control Date, (ii) the date of the
execution by the Company of the initial written agreement or instrument
providing for the Change in Control or (iii) the date of the adoption by the
Board of Directors of a resolution providing for the Change in Control, or, in
the case of termination pursuant to Section 4.2 below, six months prior to the
Date of Termination (in each case, the earliest to occur of such dates referred
to herein as the "Measurement Date"), or any other action or omission by the
Company which results in a material diminution in such position, authority or
responsibilities; provided, however, that if the Employee terminates his
employment for Good Reason pursuant to this paragraph, he must provide to the
Company or the acquiring entity (if

                                       3
<PAGE>
applicable), during the three month period following the Change in Control Date,
or, in the case of termination pursuant to Section 4.2 below, the Date of
Termination, such cooperation as the Company or acquiring entity (if applicable)
may reasonably request with respect to transition matters, which cooperation
shall not entail a commitment by the Employee of more than 20 hours per month;

                  (b) a reduction in the Employee's annual base salary as in
effect on the Change in Control Date, or, in the case of termination pursuant to
Section 4.2 below, a reduction of more than 10% in the Employee's annual base
salary as in effect on the date six months prior to the Date of Termination, or,
in either case, as the same was or may be increased thereafter from time to
time;

                  (c) the failure by the Company to (i) continue in effect any
material compensation or benefit plan or program (including without limitation
any life insurance, medical, health and accident or disability plan and any
vacation or automobile program or policy) (a "Benefit Plan") in which the
Employee participates or which is applicable to the Employee immediately prior
to the Measurement Date, unless an equitable arrangement (embodied in an ongoing
substitute or alternative plan) has been made with respect to such plan or
program, (ii) continue the Employee's participation therein (or in such
substitute or alternative plan) on a basis not materially less favorable, both
in terms of the amount of benefits provided and the level of the Employee's
participation relative to other participants, than the basis existing
immediately prior to the Measurement Date or (iii) award cash bonuses to the
Employee in amounts and in a manner substantially consistent with past practice
in light of the Company's financial performance;

                  (d) a change by the Company in the location at which the
Employee performs his principal duties for the Company to a new location that is
both (i) outside a radius of 35 miles from the Employee's principal residence
immediately prior to the Measurement Date and (ii) more than 20 miles from the
location at which the Employee performed his principal duties for the Company
immediately prior to the Measurement Date; or a requirement by the Company that
the Employee travel on Company business to a substantially greater extent than
required immediately prior to the Measurement Date;

                  (e) the failure of the Company to obtain the agreement from
any successor to the Company to assume and agree to perform this Agreement, as
required by Section 6.1;

                  (f) any failure of the Company to pay or provide to the
Employee any portion of the Employee's compensation or benefits due under any
Benefit Plan within seven days of the date such compensation or benefits are
due, or any material breach by the Company of this Agreement or any employment
agreement with the Employee.

      For purposes of this Agreement, any good faith determination of "Good
Reason" made by the Employee following a Change in Control shall be conclusive,
binding and final. The Employee's right to terminate his employment for Good
Reason shall not be affected by his incapacity due to physical or mental
illness.

                                       4
<PAGE>
            1.5 "Disability" means the Employee's absence from the full-time
performance of the Employee's duties with the Company for 180 consecutive
calendar days as a result of incapacity due to mental or physical illness which
is determined to be total and permanent by a physician selected by the Company
or its insurers and acceptable to the Employee or the Employee's legal
representative.

      2. Term of Agreement. This Agreement, and all rights and obligations of
the parties hereunder, shall take effect upon the Effective Date and shall
expire upon the first to occur of (a) the expiration of the Term (as defined
below) if a Change in Control has not occurred during the Term or (b) the
fulfillment by the Company of all of its obligations under Sections 4 and 5.2 if
the Employee's employment with the Company terminates during the Term or within
12 months following the Change in Control Date. "Term" shall mean the period
commencing as of the Effective Date and continuing in effect through December
31, 2004; provided, however, that commencing on January 1, 2005 and each January
1 thereafter, the Term shall be automatically extended for one additional year
unless, not later than 90 days prior to the scheduled expiration of the Term (or
any extension thereof), the Company shall have given the Employee written notice
that the Term will not be extended.

      3. Employment Status; Notice of Termination of Employment.

            3.1 Not an Employment Contract. The Employee acknowledges that this
Agreement does not constitute a contract of employment or impose on the Company
any obligation to retain the Employee as an employee and that this Agreement
does not prevent the Employee from terminating employment at any time.

            3.2 Notice of Termination of Employment.

                  (a) Any termination of the Employee's employment by the
Company or by the Employee (other than due to the death of the Employee) shall
be communicated by a written notice to the other party hereto (the "Notice of
Termination"), given in accordance with Section 7. Any Notice of Termination
shall: (i) indicate the specific termination provision (if any) of this
Agreement relied upon by the party giving such notice, (ii) to the extent
applicable, set forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of the Employee's employment under the
provision so indicated and (iii) specify the Date of Termination (as defined
below). The effective date of an employment termination (the "Date of
Termination") shall be the close of business on the date specified in the Notice
of Termination (which date may not be less than 15 days or more than 120 days
after the date of delivery of such Notice of Termination), in the case of a
termination other than one due to the Employee's death, or the date of the
Employee's death, as the case may be.

                  (b) The failure by the Employee or the Company to set forth in
the Notice of Termination any fact or circumstance which contributes to a
showing of Good Reason or Cause shall not waive any right of the Employee or the
Company, respectively, hereunder or preclude the Employee or the Company,
respectively, from asserting any such fact or circumstance in enforcing the
Employee's or the Company's rights hereunder.

                                       5
<PAGE>
                  (c) Any Notice of Termination for Cause given by the Company
must be given within 90 days of the occurrence of the event(s) or
circumstance(s) which constitute(s) Cause.

      4. Benefits to Employee.

            4.1 Compensation upon Termination after a Change in Control. If a
Change in Control Date occurs during the Term and the Employee's employment with
the Company is terminated by the Company (other than for Cause, Disability or
death) or by the Employee for Good Reason within 12 months following the Change
in Control Date, then the Employee shall be entitled to the following benefits:

                  (a) the Company shall pay to the Employee in a lump sum in
cash within 30 days after the Date of Termination the sum of (i) the Employee's
base salary through the Date of Termination, (ii) any accrued bonus which the
Employee is entitled to receive as of the Date of Termination, (iii) the amount
of any compensation previously deferred by the Employee (together with any
accrued interest or earnings thereon) and any accrued vacation pay, in each case
to the extent not previously paid (the sum of the amounts described in clauses
(i), (ii), and (iii) shall be hereinafter referred to as the "Accrued
Obligations");

                  (b) for one year after the Date of Termination, the Company
shall continue to pay to the Employee his highest annual base salary during the
three-year period prior to the Date of Termination plus an amount equal to the
Employee's target bonus for the year during which the termination occurs; and

                  (c) for one year after the Date of Termination, the Company
shall continue to provide to the Employee medical, health and accident or
disability benefits on substantially the same terms as were provided to the
Employee on the Date of Termination.

            4.2 Compensation upon Termination other than after a Change in
Control. Except as set forth in Section 4.1 above, in which case the terms of
Section 4.1 shall apply, if the Employee's employment with the Company is
terminated by the Company (other than for Cause, Disability or death) or by the
Employee for Good Reason, then the Employee shall be entitled to the following
benefits:

                  (a) the Company shall pay to the Employee in a lump sum in
cash within 30 days after the Date of Termination the Accrued Obligations;

                  (b) for one year after the Date of Termination, the Company
shall continue to pay to the Employee his highest annual base salary during the
three-year period prior to the Date of Termination; and

                  (c) for one year after the Date of Termination, the Company
shall continue to provide to the Employee medical, health and accident or
disability benefits on substantially the same terms as were provided to the
Employee on the Date of Termination.

            4.3 Resignation without Good Reason; Termination for Cause or for
Death or Disability. If, at any time, the Employee voluntarily terminates his
employment with the

                                       6
<PAGE>
Company, excluding a termination for Good Reason, or the Employee's employment
with the Company is terminated by the Company for Cause or by reason of the
Employee's death or Disability, then the Company shall pay the Employee (or his
estate, if applicable), in a lump sum in cash within 30 days after the Date of
Termination, the Accrued Obligations.

            4.4 Treatment of Stock Options.

                  (a) Upon a Change of Control. If a Change in Control Date
occurs during the Term, then, effective upon the Change in Control Date, each
outstanding option to purchase shares of Common Stock of the Company held by the
Employee shall become immediately exercisable in full and will no longer be
subject to a right of repurchase by the Company.

                  (b) Upon Termination without Cause of for Good Reason. Except
as set forth in Section 4.4(a) above, in which case the terms of Section 4.4(a)
shall apply, if the Employee's employment is terminated during the Term by the
Company without Cause or by the Employee for Good Reason, then, with respect to
each outstanding option to purchase shares of Common Stock of the Company held
by the Employee on the Date of Termination, (i) the vested portion of such
option shall remain exercisable during the one year period following the Date of
Termination, (ii) the unvested portion of such option shall continue to vest in
accordance with the vesting schedule of such option during the one year period
following the Date of Termination, and (iii) such option shall expire on the
date that is one year after the Date of Termination.

            4.5 Mitigation. The Employee shall not be required to mitigate the
amount of any payment or benefits provided for in this Section 4 by seeking
other employment or otherwise. Further, the amount of any payment or benefits
provided for in this Section 4 shall not be reduced by any compensation earned
by the Employee as a result of employment by another employer.

      5. Disputes.

            5.1 Settlement of Disputes; Arbitration. All claims by the Employee
for benefits under this Agreement shall be directed to and determined by the
Board of Directors of the Company and shall be in writing. Any denial by the
Board of Directors of a claim for benefits under this Agreement shall be
delivered to the Employee in writing and shall set forth the specific reasons
for the denial and the specific provisions of this Agreement relied upon. The
Board of Directors shall afford a reasonable opportunity to the Employee for a
review of the decision denying a claim. Any further dispute or controversy
arising under or in connection with this Agreement shall be settled exclusively
by arbitration in Boston, Massachusetts, in accordance with the rules of the
American Arbitration Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction.

            5.2 Expenses. The Company agrees to pay as incurred, to the full
extent permitted by law, all legal, accounting and other fees and expenses which
the Employee may reasonably incur as a result of any claim or contest
(regardless of the outcome thereof) by the Company, the Employee or others
regarding the validity or enforceability of, or liability under,

                                       7
<PAGE>
any provision of this Agreement or any guarantee of performance thereof
(including as a result of any contest by the Employee regarding the amount of
any payment or benefits pursuant to this Agreement), plus in each case interest
on any delayed payment at the applicable Federal rate provided for in Section
7872(f)(2)(A) of the Code.

      6. Successors.

            6.1 Successor to Company. The Company shall require any person or
entity that purchases all or substantially all of the assets of the Company
expressly to assume and agree to perform this Agreement to the same extent that
the Company would be required to perform it if no such purchase had taken place.
As used in this Agreement, "Company" shall mean the Company as defined above and
any successor to its business or assets as aforesaid which assumes and agrees to
perform this Agreement, by operation of law or otherwise.

            6.2 Successor to Employee. This Agreement shall inure to the benefit
of and be enforceable by the Employee's personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. If the Employee should die while any amount would still be payable to
the Employee or his family hereunder if the Employee had continued to live, all
such amounts, unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to the executors, personal representatives or
administrators of the Employee's estate.

      7. Notice. All notices, instructions and other communications given
hereunder or in connection herewith shall be in writing. Any such notice,
instruction or communication shall be sent either (i) by registered or certified
mail, return receipt requested, postage prepaid, or (ii) prepaid via a reputable
nationwide overnight courier service, in each case addressed to the Company, at
289 Turnpike Road, Westboro, Massachusetts 01581, and to the Employee at the
address set forth below his name on the signature page hereto (or to such other
address as either the Company or the Employee may have furnished to the other in
writing in accordance herewith). Any such notice, instruction or communication
shall be deemed to have been delivered five business days after it is sent by
registered or certified mail, return receipt requested, postage prepaid, or one
business day after it is sent via a reputable nationwide overnight courier
service. Either party may give any notice, instruction or other communication
hereunder using any other means, but no such notice, instruction or other
communication shall be deemed to have been duly delivered unless and until it
actually is received by the party for whom it is intended.

      8. Miscellaneous.

            8.1 Employment by Subsidiary. For purposes of this Agreement, the
Employee's employment with the Company shall not be deemed to have terminated
solely as a result of the Employee continuing to be employed by a wholly-owned
subsidiary of the Company.

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

                                       8
<PAGE>
            8.3 Injunctive Relief. The Company and the Employee agree that any
breach of this Agreement by the Company is likely to cause the Employee
substantial and irrevocable damage and therefore, in the event of any such
breach, in addition to such other remedies which may be available, the Employee
shall have the right to specific performance and injunctive relief.

            8.4 Governing Law. The validity, interpretation, construction and
performance of this Agreement shall be governed by the internal laws of the
Commonwealth of Massachusetts, without regard to conflicts of law principles.

            8.5 Waivers. No waiver by the Employee at any time of any breach of,
or compliance with, any provision of this Agreement to be performed by the
Company shall be deemed a waiver of that or any other provision at any
subsequent time.

            8.6 Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed to be an original but both of which together shall
constitute one and the same instrument.

            8.7 Tax Withholding. Any payments provided for hereunder shall be
paid net of any applicable tax withholding required under federal, state or
local law.

            8.8 Entire Agreement. This Agreement sets forth the entire agreement
of the parties hereto in respect of the subject matter contained herein and
supersedes all prior agreements (including but not limited to any stock option
acceleration agreement between the Company and the Employee), promises,
covenants, arrangements, communications, representations or warranties, whether
oral or written, by any officer, employee or representative of any party hereto
in respect of the subject matter contained herein; and any prior agreement of
the parties hereto in respect of the subject matter contained herein is hereby
terminated and cancelled. Notwithstanding the foregoing, in the event that this
Agreement is terminated as a result of (a) the expiration of the Term prior to
the occurrence of a Change in Control or (b) the termination of the Employee's
employment by the Company prior to the Change in Control Date, any such stock
option acceleration agreement shall not be superseded and shall continue in full
force and effect in accordance with its terms.

            8.9 Amendments. This Agreement may be amended or modified only by a
written instrument executed by both the Company and the Employee.

                  [Remainder of page intentionally left blank.]

                                       9
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first set forth above.

                                            Applix, Inc.

                                            By: /s/ John D. Loewenberg
                                               ---------------------------------
                                               Name: John D. Loewenberg
                                                     ---------------------------
                                               Title: Chairman of the
                                                        Board of Directors
                                                     ---------------------------

/s/ David C. Mahoney
----------------------------------------
David C. Mahoney

Address:  103 Jimney Dive
          ------------------------------
          Westford, MA  01886
          ------------------------------

                                       10

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