Document:

EXHIBIT 10.64

 

	
  Notice
  of Grant of Stock Option

  	
  MANUGISTICS
  GROUP, INC.

  
	
  and
  Option Agreement

  	
  ID:
  52-1469385

  
	
   

  	
  9715
  Key West Avenue

  
	
   

  	
  Rockville,
  MD 20850

  

 

 

	
  First_Name
  Last_Name

  	
  Grant
  Number:

  	
  Option#

  
	
  Address

  	
  Plan:

  	
  Plan
  Name 

  
	
  City,
  State Zip

  	
  ID:

  	
  ID#

  
	
  Country

  	
   

  	
   

  

 

 

Dear
First_Name:

 

Effective  Grant_Date 
you have been granted a Non-Qualified Stock Option to buy Number_ of
_Shares shares of Manugistics Group, Inc. (the “Company”) stock at an
exercise price of  $Price per share, with
an expiration date of Expiration_ Date .   
The total option price of the shares granted is $Total_Option_Cost.

 

The
shares will vest quarterly over five years on the last day of each calendar
quarter beginning on the last day of the first calendar quarter ending after
the date of grant.

 

To
the extent shares are vested, you may exercise the Stock Option in minimum
increments of 50 shares or, if fewer, the total number of shares then
exercisable.  At the time of exercise,
you are required to pay the exercise price and the applicable taxes by cash or
check in U.S. dollars.

 

If
you leave the Board of Directors you shall forfeit the portion of the Stock
Option that has not vested on the last day of your Board service; provided that
if you are asked to resign from the Board, other than for Cause, or you are not
nominated for election to an additional term on the Board, other than for
Cause, no portion of the Stock Option shall be forfeited upon termination of
your Board service; and provided further that if your Board service is terminated
by your death, the executor or administrator of your estate shall have the
right to exercise within one year of your date of death all or any part of the
portion of the Stock Option that were vested on the date of your death.  “Cause” shall be defined as a good faith
determination by the Board that you, in or related to the performance of your
duties, have not acted in good faith and in a manner to be in or not opposed to
the best interests of the Company.

 

By
your acceptance, you agree that this Stock Option is granted under the 1998
Amended and Restated Stock Option Plan (the “Plan”) and is governed by this
Option Agreement and the terms and conditions of the Plan, including without
limitation the Change in Control provisions of Section 9 of the Plan.  A copy of the Plan is incorporated by this
reference and can be found in the your Grant Package.  As stated in Section 5(c) of the
Plan, any interpretations, decisions, or actions made by the Committee
administering the Plan will be final, conclusive and binding

 

Please
electronically accept this Notice of Grant and print a copy for your records.

 

 

	
  Name:Exhibit 10.1

 

 

CONFIDENTIAL

August
9, 2004

 

Mr. Theodore A. Franceschi 

1 Tucson 

Coto de Caza, CA 92679

 

Re:                               Separation Agreement

 

Dear
Ted:

 

As you know, SRS Labs has made the decision to terminate your
employment.  This letter sets forth the
severance package that the Company is offering to assure a smooth transition
for both you and the Company.  Once
signed by you, this letter will confirm our agreement on the following terms:

 

1.                                       Separation
Date:  Your employment with the Company terminated on July 31, 2004, and you
were paid on that day all salary and accrued vacation earned through your date
of termination.

 

2.                                       Return of Company Property:   If you have not already done so, please gather up and return all
Company property in your possession or under your control immediately.  This includes but is not limited to all keys,
credit cards, originals and copies of documents, and all office, or telephone
equipment.  You should contact Phil
Maynard if you believe the Company still has any of your personal belongings.

 

3.                                       Separation
Benefits:  In consideration for your signing and
fulfilling your obligations under this agreement, the Company will provide the
following severance pay and benefits:

 

A.                                   Base Severance
Pay:  The Company will pay you a lump sum equal to six (6) months
of your base salary, ($100,000.00) minus appropriate withholding and payroll
deductions, payable on the date this agreement takes effect.

 

B.                                     Contingent
Severance Pay:  The Company expects that you will commence a search
for other employment immediately.  If you
have not received an offer of other employment (or comparable consulting work)
within six months after your date of termination, the Company will resume
paying you an amount equal to your base salary, through its regular payroll and
minus appropriate withholding and payroll deductions, beginning six months
after your date of termination and ending on the earlier of (a) three months
thereafter or (b) until you have received such an offer, provided you have
continued to search diligently for every reasonable opportunity and kept the Company
informed of your efforts.

 

C.                                     Health Coverage
Continuation:  If you make a timely election under COBRA to continue
your current group medical coverage after your date of termination, the Company
will reimburse you for the premiums paid by you for such coverage for the
number of months represented by the base and any contingent severance pay you
receive under this agreement or until you secure other group medical coverage
elsewhere, whichever comes first.  You
may elect to continue your coverage beyond that date at your expense as
provided under COBRA.  The enrollment
forms have been sent separately..All such coverage will be subject to the terms
and conditions of the medical plan documents.  Life insurance is not a covered benefit under
the COBRA laws.

 

 

D.                                    Stock Option
and Other Benefits:  Your stock options will vest and be
exercisable in accordance with
the terms of the Company stock option plan(s) and your stock option
agreement(s) based on your termination date of July 31, 2004.  Your participation in all other employee
benefits offered by the Company will cease on July 31, 2004.

 

E.                                      Unemployment
Benefits:  The Company will not contest your eligibility
for unemployment compensation.

 

F.                                      Laptop Computer:  The Company will transfer ownership of the Sony Centrino Laptop, serial
number SO 132029608 and port replicator, you were using at the date of
your termination, without warranty of any kind.  You will receive a Form 1099-Misc for the net
book value of said computer in the amount of $2,696.23.

 

5.                                       Cooperation:  You and the Company agree to cooperate in assuring a smooth and orderly
transition of your duties and responsibilities.  During the period represented by the base and
contingent severance pay you receive under this agreement, you will make
yourself reasonably available by phone and email to answer questions and
provide information relating to your duties and responsibilities.

 

6.                                       Non-Disparagement:  You and the management of the Company will refrain from making any disparaging
comments about the other or from interfering in any way with the other’s
business or future employment.  In responding
to inquiries about you from prospective employers, the Company will disclose
your dates of employment, title, final rate of pay, and the fact that you were
laid off as part of a reduction in force, provided you refer all such inquiries
to Phil Maynard in the human resources department.

 

7.                                       Final
Settlement:  Since these benefits go beyond what you are
entitled to under the Company’s policies, you agree that this severance
agreement constitutes a full and final settlement of any and all claims, known
or unknown, of any kind that you or your dependents may have to date against
the Company or any of its parent or affiliated companies and their officers,
directors, shareholders, employees, insurers, agents, successors, or assigns,
and you agree to dismiss and never to bring any legal or administrative action
based on any such claim.  This includes
but is not limited to claims arising from your hiring, employment,
compensation, or termination, or arising under equal employment laws such as
Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment
Act, the Older Workers Benefit Protection Act, the Americans with Disabilities
Act, or the California Fair Employment and Housing Act.

 

8.                                       Confidentiality:  You agree to keep this agreement, including the fact and amount of pay
and benefits, strictly confidential to the fullest extent allowed by law, but
you may make disclosures as necessary to your spouse, attorney, and accountant.

 

9.                                       Trade Secrets:  During your employment, you were entrusted with access to highly
confidential trade secrets of the Company concerning its technology, know-how,
customers, bids, prospects, finances, business plans, personnel, and other
areas.  The Confidentiality,
Non-Competition and Compliance Agreement you signed on February 4, 2002, a copy
of which is attached, shall remain in full force and effect.

 

10.                                 Voluntary Agreement:  You acknowledge that you are entering into this agreement freely and voluntarily,
with a full understanding of its terms including the release of all claims. I
advise you to consult an attorney if you so desire before signing this
agreement. 

 

11.                                 Complete Agreement:  You agree that this letter sets forth all of the terms of your
agreement with the Company, but that any other agreements you have signed with
the Company concerning confidential information or assignment of inventions
shall remain in effect.

 

12.                                 No Admission:  You acknowledge that this is not an admission of wrongdoing by you or
the Company, and shall not be used as evidence of guilt.  If you elect not to sign this letter, it will
become null and void.

 

 

In
order to assure that you are making a voluntary decision, you will have
twenty-one (21) days after you receive this agreement in which to decide
whether or not to sign it, and if you sign it you will have an additional
period of seven (7) days in which to revoke your acceptance by notifying the
Company.  This agreement will not take
effect until that seven day period has ended, at which time you will receive
your severance pay and benefits.

 

To
confirm that you agree to these terms, please sign and date the enclosed copy
of this letter, and return it to me in the enclosed envelope within the
twenty-one day period.

 

Please
call me if you have any questions or comments. I wish you the best in your
future endeavors.

 

 

	
  Very
  truly yours,

  
	
   

  
	
  /s/ Thomas C. K. Yuen

  	
   

  
	
  Thomas C. K.
  Yuen

  
	
  President
  and Chief Executive Officer

  

 

 

I
agree to the terms stated in this letter.

 

	
  /s/ Theodore A. Franceschi

  	
    Dated:

  	
    8/16/04

  
	
  Theodore
  A. Franceschi

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