Document:

Separation Agreement

 Exhibit 10.51 
 CONFIDENTIAL 
 October 28, 2008 
 Mr. Alex Shootman 
 Dear Alex: 
 This letter is to confirm the agreement between you and Vignette Corporation (the “Company”) regarding your separation from the Company. Your full-time employment with the Company will end on
November 14, 2008 (the “Termination Date”). All of the provisions of this letter (“Agreement”) are subject to, and conditioned upon, your signing and returning to us a copy of the Letter Agreement, and complying with its
terms. 
 This Agreement may not be changed or altered, except by a written document signed by you and the Company. This Agreement is entered
into in the State of Texas and the laws of the State of Texas will apply to any dispute concerning it. If any clause of this Agreement should ever be determined to be unenforceable, it is agreed that this will not affect the enforceability of any
other clause or the remainder of this Agreement. This Agreement constitutes the entire understanding between you and the Company and supersedes all other agreements or understandings, either verbal or written. 
  

	 	1.	For the period following the date of this Agreement and ending with the Termination Date, your job duties will be transition activities as specifically directed by our CEO, Mike
Aviles, or our Board of Directors 

  

	 	2.	After your Termination Date, the Company will extend a mitigating severance payment to you representing wages in lieu of notice, in the amount of twenty (20) weeks of base pay.
This severance payment will be made to you on a bi-weekly basis (following Vignette’s current pay period schedule). If you are rehired by Vignette or if you are hired by any other employer, at any time during the severance payment period, your
severance payments will cease as of the effective date of such hire. A short term consulting arrangement or other temporary work arrangement that has been approved by the Company will not result in termination of your severance payments.

  

	 	3.	With respect to your stock option and restricted stock grants, your vesting will end on the Termination Date. After the Termination Date, you will have 90 days in which to exercise
any options in which you are vested. 

  

	 	4.	Upon your Termination Date, but not contingent upon signing the Letter Agreement, the Company will pay you all current accrued but unused vacation time, less all applicable
withholdings. You will also receive reimbursement for any outstanding eligible business expenses incurred up to and including your Termination Date. 

  

					
	Confidential	  	Page 1	  	

	 	5.	The Company agrees that the time frames set forth in the provisions of your Offer Letter dated October 16, 2006, relating to potential repayment of the signing bonus and
relocation benefits provided by the Company will be met and no repayment will be required as long as you remain with the Company in the role defined herein through the Termination Date. 

  

	 	6.	Under the provisions of the group medical, dental, and vision insurance plans, your employee benefits are in effect until the end of the month in which your Termination Date occurs.
However, if you elect to continue your health insurance coverage under COBRA following the end of the month in which your Termination Date occurs, then, in addition, the Company will pay the monthly premium under COBRA for one month following the
month of your termination (that is, until December 31, 2008). You will be eligible for sixteen (16) months of additional coverage pursuant to COBRA at your own expense after that date. 

  

	 	7.	With respect to your Employee Stock Purchase Plan (if applicable), all amounts deducted from payroll for participation in the current purchase period (July 31, 2008 –
January 1, 2009) will be refunded to you upon your Termination Date. This payment is not contingent upon your signing this Letter Agreement. Upon your Termination Date, you will no longer be eligible to participate in this plan.

  

	 	8.	You agree that prior to the execution of this Letter Agreement you were not entitled to receive any further monetary payments and benefits as specified above from the Company, and
that the only payments and benefits that you are entitled to receive from the Company in the future, other than any bonus payments earned under your bonus plans or reimbursement of business expenses are those specified in this Letter.

  

	 	9.	You and the Company will agree to a statement to be used in communication of your departure from the Company. You agree to consistently use this statement in your discussions with
third parties and employees. You will not send any written communication to the Company or make any calls to external customers or third parties regarding your departure from Vignette, without the prior approval of our CEO, Mike Aviles, or our
General Counsel, Bryce Johnson. 

  

	 	10.	In exchange for the Company providing you with the above-referenced severance and other good and valuable consideration set forth herein, you hereby waive all claims against the
Company, and release and discharge the Company from liability for any claims and damages that you may have against it as of the date of this Agreement, whether known or unknown including, but not limited to, any claims arising out of your employment
relationship with the Company and any of the Company’s subsidiaries, or violations of any federal, state or local fair employment practices law, 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, the Older Workers Benefit Protection Act and the Americans With Disabilities Act. You also agree not to initiate any civil actions to assert such claims. You understand that the consideration provided
to you under the terms of this Agreement does not constitute an admission by the Company that it has violated any such law or legal obligation. 

  

	 	11.	The parties also represent that they are not aware of any claim by either of them other than the claims that are released by this Agreement. The Company also represents that as of
the date of this letter, it is not aware of any other claim which it may have against you. 

  

					
	Confidential	  	Page 2	  	

	 	12.	You agree that you will not disclose or cause to be disclosed in any way, any confidential information or documents relating to your employment with the Company, the operations of
the Company, the terms of this Agreement, other than general acknowledgement of the restrictive covenants set forth in Sections below as may be required to comply with such covenants or if specifically requested by prospective employers, or for the
purpose of enforcing this Agreement should that ever be necessary. Confidential information includes but is not limited to all unannounced business plans, customer lists, pricing, strategic plans, and personnel information including salary, and
performance ratings. 

  

	 	13.	You agree that prior to the Termination Date, you will return all Company property in your possession, other than your cell phone which you may keep at your own expense. You also
understand and agree that all files, papers, memoranda, letters, handbooks and manuals, facsimiles and other communications that were written, authorized, signed, received or transmitted during your employment, whether electronic or otherwise, are
and remain the property of the Company and, as such, are not to be removed from the Company’s offices. 

  

	 	14.	To the extent consistent with applicable law, you also agree not to initiate any administrative or other legal action against the Company or against any current or former officers,
directors, or employees, to assert such claims and, further, to the extent any such action has or may be brought by you or on your behalf by any third party, you agree to waive your right to any form of recovery in such action, including monetary
damages or any other form of relief, including attorneys’ fees and costs. 

  

	 	15.	At all times and in the future, you will remain bound by the Company’s Proprietary Information and Inventions Agreement signed by you upon your employment with Vignette.

  

	 	16.	Both parties (you and the Company) agree that they will not disclose to others the facts or terms of this Letter, except that both parties may disclose such information to their
attorneys or accountants in order for such individuals to render services or as required based on your status as a Section 16 officer of the Company. You further agree not to make any disparaging remark about the Company, its Officers,
Directors or management. 

  

	 	17.	During the eighteen (18) month period following your Termination Date, you agree that you will neither directly nor indirectly solicit for employment, nor hire, or cause others
to solicit for employment or hire, any salaried employee of the Company who is presently or hereafter employed by the Company, or any other employee of the Company who had access to confidential or proprietary information or trade secrets of the
Company within a prior 6 month period (“Vignette Employee”). For clarity, any discussion with any Vignette Employee by you or by others at your initiation or with your guidance, in which potential employment is in anyway discussed will be
considered solicitation whether such discussions are initiated by you , by others with your guidance or by the Vignette Employee. Discussions concerning employee references to companies with which you have no affiliation of any kind are not covered
by this prohibition. 

  

					
	Confidential	  	Page 3	  	

 For a period of 12 months from the Termination Date you agree not to provide services or to participate
in any way in the ownership of or as an employee, agent, independent contractor, general partner, officer or director of any company which competes with the products and services provided by the Company. Provided however, you may engage with such a
business if you receive the prior, written approval of the Company’s CEO or General Counsel. Such approval may not be reasonably withheld and must consider the actual competitive activity of the potential employer and the actual probability of
harm to the Company if such approval is granted. Provided further, you shall not be prohibited from any activity to the extent the Company no longer engages in a business that is competitive with such activity. You further agree, during the twelve
(12) month period following your Termination Date, not to solicit any clients of the Company for any business opportunity that is competitive with the products and services of the company. You agree that in the event of any breach of the
provisions of this Agreement the Company may immediately discontinue any remaining severance payments, demand repayment of the severance benefits provided herein and seek additional damages for such breach. If the officers of the Company fail to
communicate consistent with the agreed communication plan regarding the reasons for your departure, then you agree to immediately inform Bryce Johnson or Mike Aviles of the details. The Company agrees to take reasonable and immediate action to
correct such information. 
  

	 	18.	You agree that except as expressly provided in this Letter, this Letter renders null and void any and all prior arrangements, either written or oral, between you and the Company,
with the exception of the Company’s Proprietary Information and Inventions Agreement referred to above and the terms of any benefit plan, Corporate Credit Card Account (including severance payment deductions for monies owed Vignette for payment
of Guaranty Card Accounts on the employee’s behalf, except where prohibited by State Law), Sales Compensation Policy, stock plan, or stock agreement. 

  

	 	19.	Each severance payment under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. Any amount paid
under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute deferred compensation for purposes of Section 409A of the
Code. In addition, any severance payment under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the
Section 409A Limit (as defined below) shall not constitute deferred compensation for purposes of Section 409A of the Code. For purposes of this Agreement, “Section 409A Limit” means the lesser of two (2) times: (i) your
annualized compensation based upon the annual rate of pay paid to you during the Company’s taxable year preceding the Company’s taxable year of your termination of employment as determined under Treasury Regulation
1.409A-1(b)(9)(iii)(A)(1) (which is equal to approximately $550,000.00); or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which your employment is
terminated (which for 2008 is $460,000). The foregoing provisions are intended to comply with the requirements of Section 409A of the Code so that none of the severance payments and benefits to be provided hereunder will be subject to either
the six (6) month delay for payments based upon termination of employment or the additional tax imposed under Section 409A of the Code, and any ambiguities herein will be interpreted to so comply. 

  

					
	Confidential	  	Page 4	  	

 Please indicate your agreement with the above terms by signing below. As noted above, your eligibility
for the benefits offered under this Agreement (except where otherwise stated) is subject to, and conditioned upon, your executing a copy of this Agreement and returning it along with all Company equipment (in good condition) to Vignette. You may
wish to consult an attorney as part of your consideration of this severance agreement and the Agreement shall be effective seven days after you sign it. 
  

	
	Sincerely,
	
	 /s/ Bryce Johnson

	Bryce Johnson
	SVP and General Counsel
	Vignette Corporation

  

					
	Confidential	  	Page 5	  	

 My signature below signifies my agreement with the above terms. I understand and acknowledge that notwithstanding any
other provision of this or any other Agreement, my employment with the Company constitutes “at-will” employment. I acknowledge that this employment relationship may be terminated, at any time, with or without good cause or for any or no
cause, at the option either of the Company or myself, with or without notice. Furthermore, I acknowledge that I have read and understand the foregoing Letter Agreement and that I sign this release of all claims voluntarily, with full appreciation
that I am forever foreclosed from pursuing any of the rights I have waived. I acknowledge that I have been given forty-five (45) days to review the document before signing. I also acknowledge that I can take an additional seven (7) days
after signing it to revoke my agreement, by notifying the Company in writing within that seven (7) day period, addressed to VP – Worldwide Human Resources’ attention. 
 I acknowledge that I have read and understand the foregoing Letter Agreement and that I sign this release of all claims voluntarily, with full appreciation that I am forever foreclosed from pursuing any of the rights
I have waived. I will return the signed Agreement to Gayle Wiley (VP - Worldwide Human Resources) within forty-five (45) days of receipt. 
  

					
	 /s/ Alex Shootman
	 		 	 October 30, 2008

	Alex Shootman	 		 	Date

 Please return signed agreement to the following address: 
 Gayle Wiley 
 VP – Worldwide Human Resources 
 Vignette Corporation 
 1301 S. MoPac Expy, Suite 100 
 Austin, Texas 78746 
  

					
	Confidential	  	Page 6Employement Agreement dated October 20, 2008 (Monica Woo)

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 (Monica L. Woo) 
 This EMPLOYMENT AGREEMENT, dated October 20 , 2008 (this “Agreement”), is between NutriSystem, Inc., a Delaware corporation, with a
principal place of business located at 300 Welsh Road, Building 1, Suite 100, Horsham, Pennsylvania 19044 (the “Company”), and Monica L. Woo (the “Employee”). 
  

	1.	Employment 

 This Agreement is effective on the
Employee’s first date of employment with the Company, which will be November 5, 2008 (the “Effective Date”). The Employee shall be the Executive Vice President, e-Commerce and Chief Marketing Officer and shall perform
duties consistent with this position as are assigned by the Chief Executive Officer or the Board of Directors of the Company (the “Board”). The Employee shall report directly to the Chief Executive Officer. 
  

	2.	Performance 

 The Employee shall devote
substantially all of her business time and efforts to the performance of her duties under this Agreement during normal business hours. 
 The
Company will allow the Employee to hold one outside Board of Director position with a non-competing business, provided that the position does not interfere with the Employee’s performance of the duties of her position and that the Employee
notifies the Company of her appointment. 
  

	3.	Term 

 The initial term of employment under this
Agreement (the “Initial Term”) begins on the Effective Date and extends for three years. This Agreement renews automatically for one year renewal terms (a “Renewal Term”) unless either the Employee or the Company
gives the other party written notice of non-renewal at least 60 days before the end of the Initial Term or any Renewal Term then in effect. The Agreement renews automatically for a one year Renewal Term upon a “Change of Control” (as
defined below), beginning on the date of the Change of Control. The Initial Term plus any Renewal Term then in effect are the term of this Agreement (the “Employment Term”). The Employment Term may be terminated early as provided in
Sections 9 through 13 of this Agreement. 
  

	4.	Salary 

 The Employee’s annual salary (the
“Salary”) is payable in installments when the Company customarily pays its officers (but no less often than twice per month). The Salary is at the initial rate of $300,000 (the “Initial Salary”). The Board or the
Compensation Committee of the Board (the “Compensation Committee”) shall review the Salary at least once a year. The Salary shall never be less than the Initial Salary. 

	5.	Stock 

 The Compensation Committee has approved a
restricted stock grant to the Employee on the Effective Date in an amount equal to 100,000 shares (the “Initial Stock Grant”). The Initial Stock Grant shall be in accordance with the terms and conditions set forth in the Stock Award
Agreement attached as Appendix A. The Initial Stock Grant shall vest over four years from the Effective Date, with a tranche of 25% vesting on each of the first four anniversaries of the Effective Date, as set forth in Appendix A;
provided that the Employee is employed by the Company on each such vesting date. 
  

	6.	Bonus 

 During the Employment Term, the Employee
shall be entitled to participate in any bonus program established for officers of the Company generally. The Employee shall be entitled to participate in an annual bonus program to be established by the Board or the Compensation Committee (the
“Annual Bonus”). During the Employment Term, the Employee shall be eligible to receive an Annual Bonus of 100% of the Employee’s Salary; provided that for the fiscal year ending December 31, 2008, the Employee shall
receive a prorated Annual Bonus (calculated as equal to 100% of Salary) from the Effective Date through December 31, 2008; and provided, further, that the Annual Bonus for the fiscal year ending December 31, 2009, the Employee shall
receive an Annual Bonus that is no less than 70% of the Employee’s Salary for the fiscal year ending December 31, 2009; and provided, further, that the right to receive any Annual Bonus is conditioned on the employment of the Employee with
the Company through the date that Annual Bonus is paid. The Annual Bonus shall be paid at such time as bonuses are paid to the other officers of the Company, but no later than March 15th of the year that follows the fiscal year to which the
Annual Bonus relates. 
 The Employee will be paid a guaranteed cash bonus of $50,000 within 15 business days following the Effective Date
(the “Signing Bonus”), provided the Employee has commenced employment as an employee with the Company on the Effective Date. 
  

	7.	Relocation Package/Temporary Housing 

 If the
Employee relocates to the Horsham, Pennsylvania area (which shall include Philadelphia) at any time during the 2009 or 2010 calendar years and while employed by the Company, then the Employee shall receive a relocation package in 2010 in the amount
of $60,000 (the “Relocation Amount”); provided, however, that this Relocation Amount is not subject to liquidation or exchange for another benefit from the Company if the Employee does not so relocate. The Employee will receive the
Relocation Amount only in 2010 as follows: (1) the Company will reimburse the Employee for reimbursable Relocation Expenses (defined below) upon the submission of written receipts for an amount up to the Relocation Amount as soon as
administratively practicable, but only in 2010, and to the extent such relocation reimbursement payments made by the Company are subject to applicable tax withholding, then the amount of any withholding taxes paid by the Company shall be counted
toward the Relocation Amount, and (2) to the extent the total relocation reimbursements and withholding taxes thereon paid by the Company in 2010 are less than the Relocation Amount, then the difference between such total and the Relocation
Amount will be paid out to the Employee, less 

  

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applicable withholding taxes, no later than December 31, 2010. For this purpose, “Relocation Expenses” shall mean the following
relocation expenses actually incurred by the Employee: home sale transaction and closing costs (including broker commission, inspection, title insurance, mortgage fees and points and filing fees), moving expenses and temporary travel while house
hunting and relocation by the Employee and the Employee’s family. 
 The Company, at its cost, shall provide temporary furnished housing
for the Employee on a month-to-month basis during the period from the Effective Date through December 31, 2009, in reasonable proximity to the Company’s headquarters, on a reasonable basis as determined in good faith by the Company’s
Chief Executive Officer. If the Employee is employed by the Company but has not relocated to the Horsham, Pennsylvania area (which shall include Philadelphia) by December 31, 2009, then, at the sole discretion of the Company’s Chief
Executive Officer, the Company, at its cost, shall continue to provide temporary furnished housing for the Employee on a month-to-month basis in reasonable proximity to the Company’s headquarters, on a reasonable basis, and for an additional
period up to December 31, 2010, all as determined in good faith by the Chief Executive Officer of the Company. 
  

	8.	Confidential Information, Non-Competition and Non-Solicitation 

 The Employee agrees to execute and be covered by the terms of the Company’s Nondisclosure and Noncompete Agreement for Management Employees upon the commencement of employment with the Company, which shall be in
the form of Appendix B hereto. 
  

	9.	Death 

 If the Employee dies during the Employment
Term, then the Employment Term shall terminate, and thereafter the Company shall not have any further liability or obligation to the Employee, the Employee’s executors, administrators, heirs, assigns or any other person claiming under or
through the Employee, except (a) that the Employee’s estate shall receive any unpaid Salary that has accrued through the date of termination; (b) Employee’s estate shall receive a lump sum cash payment in an amount equal to the
Employee’s prorated Annual Bonus (calculated as equal to 100% of Salary) for the fiscal year of her death, which pro ration will be determined from the first day of the fiscal year in which the Employee dies through the date of death; and
(c) the Initial Stock Grant will be accelerated for an additional period of 12 months following the month in which the Employee dies that is applied between scheduled vesting dates to accelerate vesting on the pro rata portion of the vesting
schedule using a monthly basis instead of the scheduled vesting dates. Cash payments under this Section 9 shall be made by the Company within 60 days after the Employee’s death. 
  

	10.	Total Disability 

 If the Employee becomes
“totally disabled,” then the Company may terminate the employment of the Employee to the extent permitted by applicable law, and then the Employment Term shall terminate, and thereafter the Company shall have no further liability or
obligation to the Employee hereunder, except as follows: the Employee shall receive (a) any unpaid Salary that has accrued through the date of termination; (b) a lump sum cash payment equal to one month of Salary; (c) a lump sum cash
payment in 

  

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an amount equal to the Employee’s prorated Annual Bonus (calculated as equal to 100% of Salary) for the fiscal year of her termination pursuant to this
Section, which pro ration will be determined from the first day of the fiscal year in which the Employee’s termination occurs through the date of termination; (d) an acceleration of the vesting of the Initial Stock Grant for an additional
period of 12 months following the month in which the Employee is totally disabled that is applied between scheduled vesting dates to accelerate vesting on the pro rata portion of the vesting schedule using a monthly basis instead of the scheduled
vesting dates; and (e) whatever benefits that the Employee may be entitled to receive under any then existing disability benefit plans of the Company. Cash payments under this Section 10 shall be made by the Company within 60 days after
the Employee’s termination of employment. 
 The term “totally disabled” means the Employee is considered totally
disabled (a) under the Company’s group disability plan in effect at that time, if any, or (b) in the absence of any such plan, under applicable Social Security regulations. 
  

	11.	Termination for Cause 

 The Company may terminate
the Employee for “cause” immediately upon notice from the Company. If the Employee is terminated for “cause”, then the Employment Term shall terminate and thereafter the Company shall not have any further liability or obligation
to the Employee, except that the Employee shall receive any unpaid Salary that has accrued through the date of termination. 
 The term
“cause” means: (a) the Employee is convicted of a felony (excluding all vehicular and traffic offenses), or (b) in the reasonable determination of the Board, the Employee has done any one of the following:
(1) committed an act of fraud, embezzlement, or theft in connection with the Employee’s duties in the course of her employment with the Company, (2) caused intentional, wrongful damage to the property of the Company,
(3) materially breached (other than by reason of illness, injury or incapacity) the Employee’s obligations under this Agreement or under any written confidentiality, non-competition, or non-solicitation agreement between the Employee and
the Company that the Employee shall not have remedied within 30 days after receiving written notice from the Board specifying the details of the breach, or (4) engaged in gross misconduct or gross negligence in the course of the Employee’s
employment with the Company. 
  

	12.	Termination by the Employee 

 The Employee may
terminate this Agreement by giving the Company written notice of termination one month in advance of the termination date. The Company may waive this notice period and set an earlier termination date. If the Employee terminates this Agreement, then
on the termination date, the Employment Term shall terminate and thereafter the Company shall have no further liability or obligation to the Employee under this Agreement, except that the Employee shall receive any unpaid Salary that has accrued
through the termination date. After the termination date, the Employee shall be required to adhere to the covenants against non-competition and non-solicitation described in Section 8 of this Agreement. 
  

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 The Employee also may terminate this Agreement for Good Reason, provided that the Employee gives the
Company written notice of the Good Reason condition within 60 days from the initial existence of the Good Reason condition, and if the Company has not cured the Good Reason condition within 60 days following such notice from the Employee, then the
Employee’s employment will be terminated effective as of the 60th day following the expiration of the Company’s cure period, unless the Company designates an earlier termination date, and upon such a termination, the Employee will be
treated in accordance with Section 13, as if the Employee’s employment had been terminated by the Company without cause. As used herein, “Good Reason” means: (i) a material diminution in the Employee’s base
compensation, which for this purpose base compensation shall mean the Salary and the target Annual Bonus opportunity, which is 100% of Salary; (ii) a material diminution of the Employee’s authority, duties or responsibilities as an
Executive Vice President, or other position, which the Employee accepted and may hold at the time of the termination; (iii) a material diminution in the authority, duties or responsibilities of the Employee’s supervisor, including a
requirement that the Employee report to an officer or employee of the Company instead of reporting directly to the Chief Executive Officer; (iv) a material change in the geographic location at which the Employee performs services for the
Company, which for this purpose shall mean the Company relocating its executive offices more than 60 miles from Horsham, Pennsylvania; and (v) any other action or inaction that constitutes a material breach of this Agreement by the Company.

  

	13.	Termination without Cause or Non-Renewal by the Company 

 The Company may terminate the Employee without “cause” by giving the Employee written notice of termination 60 days in advance of the termination date. The Employee may waive this notice period and set an earlier termination date.
If (i) the Employee is terminated without “cause,” or (ii) the Employee is terminated as a result of the non-renewal of this Agreement by the Company at the end of the Initial Term or any Renewal Term in accordance with
Section 3, or (iii) the Employee terminates her employment for Good Reason in accordance with Section 12, then the Employment Term shall terminate and thereafter the Employee shall be entitled only to the following under this
Agreement: 
 (1) within 30 days following the Employee’s termination date, the Company will pay to the Employee a lump
sum severance payment in the amount equal to the sum of: 
 (a) 12 months of the Salary then in effect; 
 (b) a pro rated amount of the Annual Bonus (calculated at 100% of Salary) from the first day of the fiscal year in which the termination
occurred through the date of termination; and 
 (c) the value of the premium cost to the Company to continue the Employee on
the Company’s group life and AD&D policy for the 12 month period following the Employee’s termination date; and 
 (2) the Employee’s group healthcare and dental coverage will be continued for 12 months, at the Employee’s normal contribution rates; and 
  

 5 

 (3) the Employee’s covenants against non-competition (as described in Section 8
of this Agreement) shall be reduced to a 12 month period from the termination date, from the period contained in the Agreement referred to in Section 8 above; and 
 (4) the Initial Stock Grant will be accelerated for an additional period of 12 months following the month in which the Employee is
terminated that is applied between scheduled vesting dates to accelerate vesting on the pro rata portion of the vesting schedule using a monthly basis instead of the scheduled vesting dates; and 
 (5) the Employee and the Company will enter into, and the Employee must not revoke, a mutual general release, which shall be a condition
to the receipt of the termination benefits under this Section. 
  

	14.	Change of Control 

 In the event a Change of Control
occurs during the Employment Term, on the date of the Change of Control, the Employee shall become 100% vested in the Initial Stock Grant. 
 For purposes of this Agreement, the term “Change of Control” shall mean the consummation of any of the following events: 
 (i) any sale, lease, exchange, or other transfer of all or substantially all of the assets of the Company to any other person or entity other than a wholly-owned subsidiary of the Company (in one transaction or a
series of related transactions); 
 (ii) dissolution or liquidation of the Company; 
 (iii) when any person or entity, including a “group” as contemplated by Section 13(d)(3) of the Securities Exchange Act of
1934, as amended, acquires or gains ownership or control (including, without limitation, power to vote) of more than 50% of the outstanding shares of the Company’s voting securities (based upon voting power), or 
 (iv) any reorganization, merger, consolidation, or similar transaction or series of transactions that results in the record holders of the
voting stock of the Company immediately prior to such transaction or series of transactions holding immediately following such transaction or series of transactions less than 50% of the outstanding shares of any of the voting securities (based upon
voting power) of any one of the following: (1) the Company, (2) any entity which owns (directly or indirectly) the stock of the Company, (3) any entity with which the Company has merged, or (4) any entity that owns an entity with
which the Company has merged. 
  

	15.	Governing Law/Jurisdiction 

 This Agreement is
governed by Pennsylvania law. Any disputes, actions, claims or causes of action arising out of or in connection with the terms of this Agreement or the employment relationship between the Company and the Employee shall be subject to the exclusive
jurisdiction of the United States District Court for the Eastern District of Pennsylvania or the Pennsylvania state courts located in Montgomery County. 
  

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	16.	Entire Agreement; Amendments 

 This Agreement sets
forth the entire understanding among the parties hereto, and shall supersede all prior employment, severance and change of control agreements and any related agreements that the Employee has with the Company or any subsidiary, or any predecessor
company. 
 This Agreement may not be modified or amended in any way except by a written amendment executed by the Employee and the Company.

  

	17.	Withholding Taxes 

 Any payments provided for in
this Agreement shall be paid net of any applicable income tax withholding required by federal, state or local law. 
  

	18.	No Assignment 

 All of the terms and provisions of
this Agreement shall be binding upon and inure to the benefit and be enforceable by the respective heirs, representatives, successors (including any successor as a result of a merger or similar reorganization) and assigns of the parties hereto,
except that the duties and responsibilities of the Employee hereunder are of a personal nature and shall not be assignable in whole or in part by the Employee. 
  

	19.	Jury Trial Waiver 

 The parties hereby agree that
they shall and do waive trial by jury in any action, proceeding or counterclaim, whether at law or at equity, brought by either of them, or in any manner whatsoever, which arises out of or is connected in any way with this Agreement or with the
employment relationship established between them. 
  

	20.	Compliance with Section 409A of the Code 

 This
Agreement shall be interpreted to avoid any penalty sanctions under section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). If any payment or benefit cannot be provided or made at the time specified herein
without incurring sanctions under section 409A, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this
Agreement may only be made upon a ‘separation from service’ under section 409A of the Code or upon death. For purposes of section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment. In no event
may the Employee, directly or indirectly, designate the calendar year of payment. 
 To the maximum extent permitted under section 409A of
the Code and its corresponding regulations, the cash severance benefits payable under this Agreement are intended to meet the requirements of the short-term deferral exemption under section 409A of the Code and the ‘separation pay
exception’ under Treas. Reg. §1.409A-1(b)(9)(iii). However, if such severance benefits do not qualify for such exemptions at the time of the Employee’s termination of employment and therefore are deemed as deferred compensation
subject to the requirements of section 409A of the Code, then if the Employee is a “specified employee” of a publicly traded 

  

 7 

 
corporation under section 409A of the Code on the date of the Employee’s termination of employment, notwithstanding any other provision of this
Agreement, payment of severance under this Agreement shall be delayed for a period of 6 months from the date of the Employee’s termination of employment if required by section 409A of the Code. The accumulated postponed amount shall be paid in
a lump sum payment within 10 days after the end of the 6 month period. If the Employee dies during the postponement period prior to payment of the postponed amount, the amounts withheld on account of section 409A of the Code shall be paid to the
personal representative of the Employee’s estate within 60 days after the date of the Employee’s death. The determination of whether the Employee is a “specified employee” shall be made by the Compensation Committee (or its
delegate) in accordance with section 409A of the Code and the regulations issued thereunder. 
 All reimbursements and in-kind benefits
provided under this Agreement shall be made or provided in accordance with the requirements of section 409A of the Code, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the
Employee’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and
(iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. 
 IN WITNESS
WHEREOF, the parties hereto, intending to be legally bound, have hereunto duly executed this Employment Agreement as of the day and year first written above. 
  

			
	NUTRISYSTEM, INC.
		
	By:	 	 /s/ Joseph M. Redling

	Name:	 	Joseph M. Redling
	Title:	 	President and Chief Executive Officer
	
	EMPLOYEE:
	
	 /s/ Monica L. Woo

	Name:	 	Monica L. Woo

  

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