Document:

<PAGE>

                                VIANT CORPORATION

                      CHANGE OF CONTROL SEVERANCE AGREEMENT

         This Change of Control Severance Agreement (the "Agreement") is made
and entered into effective as of April 1, 2001 (the "Effective Date"), by and
between Christopher Newell (the "Employee") and Viant Corporation, a Delaware
corporation (the "Company"). Certain capitalized terms used in this Agreement
are defined in Section 1 below.

                                 R E C I T A L S

         A. It is expected that the Company from time to time will consider the
possibility of a Change of Control. The Board of Directors of the as Company
(the "Board") recognizes that such consideration can be a distraction to the
Employee and can cause the Employee to consider alternative employment
opportunities.

         B. The Board believes that it is in the best interests of the Company
and its shareholders to provide the Employee with an incentive to continue his
employment and to maximize the value of the Company upon a Change of Control for
the benefit of its shareholders.

         C. In order to provide the Employee with enhanced financial security
and sufficient encouragement to remain with the Company notwithstanding the
possibility of a Change of Control, the Board believes that it is imperative to
provide the Employee with certain severance benefits upon the Employee's
termination of employment following a Change of Control.

                                    AGREEMENT

         In consideration of the mutual covenants herein contained and the
continued employment of Employee by the Company, the parties agree as follows:

         1. DEFINITION OF TERMS. The following terms referred to in this
Agreement shall have the following meanings:

                  (a) CAUSE. "Cause" shall mean (i) any act of personal
dishonesty taken by the Employee in connection with his responsibilities as an
employee which is intended to result in substantial personal enrichment of the
Employee, (ii) Employee's conviction of a felony which the Board reasonably
believes has had or will have a material detrimental effect on the Company's
reputation or business, (iii) a willful act by the Employee which constitutes
misconduct and is injurious to the Company, or (iv) continued willful violations
by the Employee of the Employee's obligations to the Company after there has
been delivered to the Employee a written demand for performance from the Company
which describes the basis for the Company's belief that the Employee has not
substantially performed his duties.

                  (b) CHANGE OF CONTROL. "Change of Control" shall mean the
occurrence of any of the following events:

                        (i) the approval by shareholders of the Company of a
merger or consolidation of the Company with any other corporation, other than a
merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation;

                        (ii) the approval by the shareholders of the Company of
a plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of all or substantially all of the Company's assets;

<PAGE>

                        (iii) any "person" (as such term is used in Sections
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the
"beneficial owner" (as defined in Rule 13d-3 under said Act), directly or
indirectly, of securities of the Company representing 50% or more of the total
voting power represented by the Company's then outstanding voting securities; or

                        (iv) a change in the composition of the Board, as a
result of which fewer than a majority of the directors are Incumbent Directors.
"Incumbent Directors" shall mean directors who either (A) are directors of the
Company as of the date hereof, or (B) are elected, or nominated for election, to
the Board with the affirmative votes of at least a majority of those directors
whose election or nomination was not in connection with any transactions
described in subsections (i), (ii), or (iii) or in connection with an actual or
threatened proxy contest relating to the election of directors of the Company.

                  (c) INVOLUNTARY TERMINATION. "Involuntary Termination" shall
mean (i) without the Employee's express written consent, a significant reduction
of the Employee's duties, position or responsibilities relative to the
Employee's duties, position or responsibilities in effect immediately prior to
such reduction, or the removal of the Employee from such position, duties and
responsibilities, unless the Employee is provided with comparable duties,
position and responsibilities; provided, however, that a reduction in duties,
position or responsibilities solely by virtue of the Company being acquired and
made part of a larger entity (as, for example, when the Chief Financial Officer
of the Company remains as such following a Change of Control but is not made the
Chief Financial Officer of the acquiring corporation) shall not constitute an
"Involuntary Termination;" (ii) without the Employee's express written consent,
a substantial reduction, without good business reasons, of the facilities and
perquisites (including office space and location) available to the Employee
immediately prior to such reduction; (iii) without the Employee's express
written consent, a reduction by the Company of the Employee's base salary as in
effect immediately prior to such reduction; (iv) without the Employee's express
written consent, a material reduction by the Company in the kind or level of
employee benefits to which the Employee is entitled immediately prior to such
reduction with the result that the Employee's overall benefits package is
significantly reduced; (v) without the Employee's express written consent, the
relocation of the Employee to a facility or a location more than fifty (45)
miles from his current location; (vi) any purported termination of the Employee
by the Company which is not effected for Cause or for which the grounds relied
upon are not valid; or (vii) the failure of the Company to obtain the assumption
of this Agreement by any successors contemplated in Section 6 below.

            TERMINATION DATE. "Termination Date" shall mean the effective date
of any notice of termination delivered by one party to the other hereunder.

         2. TERM OF AGREEMENT. This Agreement shall terminate upon the date that
all obligations of the parties hereto under this Agreement have been satisfied
or, if earlier, on the date, prior to a Change of Control, Employee is no longer
employed by the Company.

         3. AT-WILL EMPLOYMENT. The Company and the Employee acknowledge that
the Employee's employment is and shall continue to be at-will, as defined under
applicable law. If the Employee's employment terminates for any reason, the
Employee shall not be entitled to any payments, benefits, damages, awards or
compensation other than as provided by this Agreement, or as may otherwise be
established under the Company's then existing employee benefit plans or policies
at the time of termination.

         4. SEVERANCE BENEFITS.

                  (a) TERMINATION FOLLOWING A CHANGE OF CONTROL. If the
Employee's employment with the Company terminates as a result of an Involuntary
Termination at any time within twelve (12) months after a Change of Control,
Employee shall be entitled to the following severance benefits:

                        (i) Six (6) months of Employee's base salary as in
effect as of the date of such termination, less applicable withholding, payable
in a lump sum within thirty (30) days of the Involuntary Termination;

                                      -2-

<PAGE>

                        (ii) All new hire stock options granted by the Company
to the Employee prior to the Change of Control shall become fully vested and
exercisable as of the date of the termination to the extent such stock options
are outstanding and unexercisable at the time of such termination and all stock
subject to a right of repurchase by the Company (or its successor) that was
purchased prior to the Change of Control shall have such right of repurchase
lapse with respect to all of the shares;

                        (iii) The same level of health (i.e., medical, vision
and dental) coverage and benefits as in effect for the Employee on the day
immediately preceding the day of the Employee's termination of employment;
provided, however, that (i) the Employee constitutes a qualified beneficiary, as
defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as amended;
and (ii) Employee elects continuation coverage pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), within the time
period prescribed pursuant to COBRA. The Company shall continue to provide
Employee with health coverage until the earlier of (i) the date Employee is no
longer eligible to receive continuation coverage pursuant to COBRA, or (ii) six
(6) months from the termination date.

                  (b) TERMINATION APART FROM A CHANGE OF CONTROL. If the
Employee's employment with the Company terminates other than as a result of an
Involuntary Termination within the twelve (12) months following a Change of
Control, then the Employee shall not be entitled to receive severance or other
benefits hereunder, but may be eligible for those benefits (if any) as may then
be established under the Company's then existing severance and benefits plans
and policies at the time of such termination.

                  (c) ACCRUED WAGES AND VACATION; EXPENSES. Without regard to
the reason for, or the timing of, Employee's termination of employment: (i) the
Company shall pay the Employee any unpaid base salary due for periods prior to
the Termination Date; (ii) the Company shall pay the Employee all of the
Employee's accrued and unused vacation through the Termination Date; and (iii)
following submission of proper expense reports by the Employee, the Company
shall reimburse the Employee for all expenses reasonably and necessarily
incurred by the Employee in connection with the business of the Company prior to
the Termination Date. These payments shall be made promptly upon termination and
within the period of time mandated by law.

         5. LIMITATION ON PAYMENTS. In the event that the severance and other
benefits provided for in this Agreement or otherwise payable to the Employee (i)
constitute "parachute payments" within the meaning of Section 280G of the Code,
and (ii) would be subject to the excise tax imposed by Section 4999 of the Code
(the "Excise Tax"), then Employee's benefits under this Agreement shall be
either

                  (a) delivered in full, or

                  (b) delivered as to such lesser extent which would result in
no portion of such benefits being subject to the Excise Tax, whichever of the
foregoing amounts, taking into account the applicable federal, state and local
income taxes and the Excise Tax, results in the receipt by Employee on an
after-tax basis, of the greatest amount of benefits, notwithstanding that all or
some portion of such benefits may be taxable under Section 4999 of the Code.

         Unless the Company and the Employee otherwise agree in writing, any
determination required under this Section shall be made in writing by the
Company's independent public accountants (the "Accountants"), whose
determination shall be conclusive and binding upon the Employee and the Company
for all purposes. For purposes of making the calculations required by this
Section, the Accountants may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good faith
interpretations concerning the application of Section 280G and 4999 of the Code.
The Company and the Employee shall furnish to the Accountants such information
and documents as the Accountants may reasonably request in order to make a
determination under this Section. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section.

                                      -3-

<PAGE>

         6. SUCCESSORS.

                  (a) COMPANY'S SUCCESSORS. Any successor to the Company
(whether direct or indirect and whether by purchase, lease, merger,
consolidation, liquidation or otherwise) to all or substantially all of the
Company's business and/or assets shall assume the Company's obligations under
this Agreement and agree expressly to perform the Company's obligations under
this Agreement in the same manner and to the same extent as the Company would be
required to perform such obligations in the absence of a succession. For all
purposes under this Agreement, the term "Company" shall include any successor to
the Company's business and/or assets which executes and delivers the assumption
agreement described in this subsection (a) or which becomes bound by the terms
of this Agreement by operation of law.

                  (b) EMPLOYEE'S SUCCESSORS. Without the written consent of the
Company, Employee shall not assign or transfer this Agreement or any right or
obligation under this Agreement to any other person or entity. Notwithstanding
the foregoing, the terms of this Agreement and all rights of Employee hereunder
shall inure to the benefit of, and be enforceable by, Employee's personal or
legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees.

         7. NOTICES.

                  (a) GENERAL. Notices and all other communications contemplated
by this Agreement shall be in writing and shall be deemed to have been duly
given when personally delivered or when mailed by U.S. registered or certified
mail, return receipt requested and postage prepaid. In the case of the Employee,
mailed notices shall be addressed to him at the home address which he most
recently communicated to the Company in writing. In the case of the Company,
mailed notices shall be addressed to its corporate headquarters, and all notices
shall be directed to the attention of its Secretary.

                  (b) NOTICE OF TERMINATION. Any termination by the Company for
Cause or by the Employee as a result of a voluntary resignation or an
Involuntary Termination shall be communicated by a notice of termination to the
other party hereto given in accordance with this Section. Such notice shall
indicate the specific termination provision in this Agreement relied upon, shall
set forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination under the provision so indicated, and shall specify the
Termination Date (which shall be not more than 30 days after the giving of such
notice). The failure by the Employee to include in the notice any fact or
circumstance which contributes to a showing of Involuntary Termination shall not
waive any right of the Employee hereunder or preclude the Employee from
asserting such fact or circumstance in enforcing his rights hereunder.

         8. ARBITRATION.

                  (a) Any dispute or controversy arising out of, relating to, or
in connection with this Agreement, or the interpretation, validity,
construction, performance, breach, or termination thereof, shall be settled by
binding arbitration to be held in Suffolk County, Massachusetts, in accordance
with the National Rules for the Resolution of Employment Disputes then in effect
of the American Arbitration Association (the "Rules"). The arbitrator may grant
injunctions or other relief in such dispute or controversy. The decision of the
arbitrator shall be final, conclusive and binding on the parties to the
arbitration. Judgment may be entered on the arbitrator's decision in any court
having jurisdiction.

                  (b) The arbitrator(s) shall apply Delaware law to the merits
of any dispute or claim, without reference to conflicts of law rules. The
arbitration proceedings shall be governed by federal arbitration law and by the
Rules, without reference to state arbitration law. Employee hereby consents to
the personal jurisdiction of the state and federal courts located in California
for any action or proceeding arising from or relating to this Agreement or
relating to any arbitration in which the parties are participants.

                  (c) Employee understands that nothing in this Section modifies
Employee's at-will employment status. Either Employee or the Company can
terminate the employment relationship at any time, with or without Cause.

                                      -4-

<PAGE>

                  (d) EMPLOYEE HAS READ AND UNDERSTANDS THIS SECTION, WHICH
DISCUSSES ARBITRATION. EMPLOYEE UNDERSTANDS THAT SUBMITTING ANY CLAIMS ARISING
OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE
INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION
THEREOF TO BINDING ARBITRATION, CONSTITUTES A WAIVER OF EMPLOYEE'S RIGHT TO A
JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS
OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE
FOLLOWING CLAIMS:

                        (i) ANY AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF
EMPLOYMENT; BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIED; BREACH OF THE COVENANT
OF GOOD FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR
INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL
MISREPRESENTATION; NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR
PROSPECTIVE ECONOMIC ADVANTAGE; AND DEFAMATION.

                        (ii) ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL
STATE OR MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE
CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF 1991, THE AGE DISCRIMINATION
IN EMPLOYMENT ACT OF 1967, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR
LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR
CODE SECTION 201, ET SEQ;

                        (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS
AND REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION.

         9. MISCELLANEOUS PROVISIONS.

                  (a) NO DUTY TO MITIGATE. The Employee shall not be required to
mitigate the amount of any payment contemplated by this Agreement, nor shall any
such payment be reduced by any earnings that the Employee may receive from any
other source.

                  (b) WAIVER. No provision of this Agreement may be modified,
waived or discharged unless the modification, waiver or discharge is agreed to
in writing and signed by the Employee and by an authorized officer of the
Company (other than the Employee). No waiver by either party of any breach of,
or of compliance with, any condition or provision of this Agreement by the other
party shall be considered a waiver of any other condition or provision or of the
same condition or provision at another time.

                  (c) INTEGRATION. This Agreement and any outstanding stock
option agreements referenced herein represent the entire agreement and
understanding between the parties as to the subject matter herein and supersede
all prior or contemporaneous agreements, whether written or oral, with respect
to this Agreement and any stock option agreement.

                  (d) CHOICE OF LAW. The validity, interpretation, construction
and performance of this Agreement shall be governed by the internal substantive
laws, but not the conflicts of law rules, of the State of Delaware.

                  (e) SEVERABILITY. The invalidity or unenforceability of any
provision or provisions of this Agreement shall not affect the validity or
enforceability of any other provision hereof, which shall remain in full force
and effect.

                  (f) EMPLOYMENT TAXES. All payments made pursuant to this
Agreement shall be subject to withholding of applicable income and employment
taxes.

                  (g) COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which
together will constitute one and the same instrument.

                                      -5-

<PAGE>

                  (h) IN WITNESS WHEREOF, each of the parties has executed this
Agreement, in the case of the Company by its duly authorized officer, as of the
day and year first above written.

COMPANY:                          VIANT  CORPORATION

                                  By: /s/ Robert L. Gett
                                     ------------------------------------------

                                  Title: President and Chief Executive Officer
                                        ---------------------------------------

EMPLOYEE:                         /s/ Christopher Newell
                                  ---------------------------------------------
                                  Signature

                                  Christopher Newell
                                  ---------------------------------------------
                                  Printed Name

                                      -6-QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.27  

Dear
Fran: October 19, 2001

Francis Barton

14720 Montalvo Road

Sarotoga, California 95070 

Dear
Fran: 

        BroadVision, Inc.
("BroadVision" or "the Company") is pleased to confirm its offer to you of the position of Executive Vice President and Chief Financial Officer within the
Executive Team at BroadVision, effective October 15, 2001. We are extremely pleased to have you join as a new BroadVision executive and look forward to the challenges and successes in our path.
Your leadership, past successes and style demonstrated throughout the recruitment process will allow us to achieve new and far-reaching dimensions to our business and Worldwide
Organization. As Executive Vice President and Chief Financial Officer reporting directly to me, you will lead the Worldwide Finance, Legal and Operations organizations. 

        The
following outlines the terms of our employment offer to you (the "Agreement"). 

COMPENSATION AND BENEFITS  

        Your starting Base Salary will be $26,666.67 per month ($320,000 per year), paid on a semi-monthly basis and subject to standard deductions and
withholding, effective November 5, 2001. Subject to the terms of BroadVision's Variable Compensation Plan, your target bonus is thirty seven and one-half percent (37.5%) of your
Base Salary annually (initially $120,000), payable in equal quarterly installments of $30,000, payable according to BroadVision's normal payout schedule for quarterly bonuses and subject to standard
deductions and withholding. Upon the Company's return to profitability, the Company may also institute a bonus program for organizational and individual milestones under which you may be eligible for
an additional bonus. As a sign-on incentive, once you commence employment you will be eligible for a retention bonus of $100,000 paid in quarterly installments of $25,000 on the last day
of the quarter, subject to standard deductions and withholding. You must be employed on the last day of the quarter to earn each bonus installment. You also will be eligible for salary and stock
adjustments at the next annual review, although no increases are assured. 

        You
will be eligible for the standard BroadVision employee benefits which include: medical, dental, vision, and prescription package, long-term disability insurance, group
life insurance, participation in our 401(k) Savings Plan, participation in the Employee Stock Purchase Plan (ESPP), and two weeks accrued vacation per year (vacation accrued according to length of
service). 

        While
BroadVision pays for the majority of your medical insurance, should you choose to participate in the plan, your financial contribution currently will be approximately 10% of your
monthly insurance premium, depending on your benefit selection. Benefits start the first of the calendar month after your date of hire. You should also note that BroadVision may modify salaries and
benefits from time to time as it deems necessary. 

STOCK OPTION  

        Subject to the approval of the Option Committee of the Board of Directors, BroadVision will grant you a stock option to purchase 2,1000,000 2,100,000 shares of
BroadVision common stock with an exercise price equal to the fair market value of the common stock on your date of hire (the "Option"). The Option will be an incentive stock option to the extent
permitted by law, the remaining portion of the Option will be a nonstatutory stock option. The Option will vest over four years based on your continued service with BroadVision:
twenty-five percent (25%) of the shares will vest on the first anniversary of your date of hire and the remaining shares will vest over three years on a monthly basis (2.083% of the
remaining shares per month). The Option will be subject to the terms and conditions of the BroadVision stock option plan and the form of stock option agreement pursuant to which the Option is granted. 

INVOLUNTARY TERMINATION WITHOUT CAUSE  

        In the event your employment with BroadVision is terminated due to an Involuntary Termination Without Cause (as defined below) at any time and subject to your
valid execution of a release substantially in the form attached hereto as Exhibit A (the "Release"), you agree to provide consulting services to BroadVision pursuant to the Consulting Agreement
Terms set forth in Exhibit B. {Exhibit B: One year consulting arrangement (payment equal to one year base salary and bonus payable for the quarter in which your employment is terminated)
with restrictive covenant.}A, and on the Separation Date (as defined in Exhibit A) to execute a general release substantially in the form attached hereto as Exhibit B (the "Release"). On
the eighth day after you execute the Release, provided you have not revoked the Release, you will be paid that portion of your bonus under the Variable Compensation Plan which would have been earned,
and become due and payable, had you been employed for the entire quarter during which the Separation Date occurs. 

CHANGE OF CONTROL  

        In addition to the foregoing, in the event your employment with BroadVision is terminated by reason of an Involuntary Termination Without Cause or a Voluntary
Termination for Good Reason (as defined below) within thirteen (13) months following a Change of Control (as defined below), and subject to your valid execution of the Release, fifty percent
(50%) of the unvested shares subject to the Option your outstanding stock options and other stock awards granted to you by BroadVision will become vested and exercisable on the effective date of your
termination of employment. 

        For
purposes of this Agreement, Involuntary Termination Without Cause shall mean your dismissal or discharge for reasons other than Cause. For this purpose, "Cause" means the occurrence
of any one or more of the following: (i) your commission of conviction of, or plea of no contest with respect to, any crime involving fraud, dishonesty or moral turpitude; (ii) your
attempted commission of or participation in a fraud or act of dishonesty against BroadVision that results in (or might have reasonably resulted in) material harm to the business of BroadVision;
(iii) your intentional, material violation of any contract or agreement between you and the Company or any statutory duty you owe to BroadVision; (iv) your conduct that constitutes gross
misconduct, insubordination, incompetence or habitual neglect of duties and that results in (or might have reasonably resulted in) material harm to the business of BroadVision; and
(v) persistent unsatisfactory performance of your job duties; provided, however, that the action or conduct described in clauses (iii), (iv) and (v) above will constitute "Cause"
only if such action or conduct continues after BroadVision has provided you with has not been cured by you following BroadVision's written notice thereof and fifteen (15) days to cure the same. 

        For
purposes of this Agreement, Voluntary Termination for Good Reason shall mean your resignation resulting because one or more of the following are undertaken by the Company without
your express written consent: (i) the assignment to you of any duties or responsibilities that results in a material diminution in your function, a material change in your title or a change in
your reporting relationships, as in effect immediately prior to the effective date of the Change of Control; provided, however, that a change in your title or reporting relationships shall not provide
the basis for a voluntary termination with Good Reason; (ii) a material reduction by the Company in your annual base salary, as in effect on the effective date of the Change of Control or as
increased thereafter; provided, however, that Good Reason shall not be deemed to have occurred in the event of a reduction in your annual base salary that is pursuant to a salary reduction program
affecting substantially all of the employees of the Company and that does not adversely affect you disproportionately when compared with similarly situated employees; (iii) any failure by the
Company to continue in effect any benefit plan or program, including incentive plans or plans with respect to the receipt of securities of the Company, in which you were participating immediately
prior to the effective date of the Change of Control (hereinafter referred to as "Benefit Plans"), or the taking of any action by the Company that would adversely affect your participation in or
reduce your benefits under the Benefit Plans or deprive you of any fringe benefit that you enjoyed immediately prior to the effective date of the Change of Control; provided, however, that Good Reason
shall not be deemed to have occurred if the Company provides for your participation in benefit plans and programs that, taken as a whole, are comparable to 

the Benefit Plans; (iv) a relocation of your business office to a location more than thirty (30) miles from the location at which you performed your duties as of the effective date of
the Change of Control, except for required travel by you on the Company's business to an extent substantially consistent with your business travel obligations prior to the effective date of the Change
of Control; or (v) a material breach by the Company of any provision of the Plan or the Option Agreement or any other any material agreement between you and the Company concerning the terms and
conditions of your employment. 

        For
purposes of this Agreement, a Change of Control means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 

        (1)  any
person (within the meaning of Section 13(d) or 14(d) of the Exchange Act of 1934, as amended (the "Exchange Act") becomes the owner, directly or indirectly,
of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company's then outstanding securities other than by virtue of a merger, consolidation or
similar transaction; 

        (2)  there
is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such
merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not own, directly or indirectly, outstanding voting securities representing more than fifty
percent (50%) of the combined outstanding voting power of the surviving entity in such merger, consolidation or similar transaction or more than fifty percent (50%) of the combined outstanding voting
power of the parent of the surviving entity in such merger, consolidation or similar transaction; 

        (3)  the
stockholders of the Company approve or the Board of Directors approves a plan of complete dissolution or liquidation of the Company, or a complete dissolution or
liquidation of the Company shall otherwise occur; or 

        (4)  there
is consummated a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its subsidiaries, other than a
sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its subsidiaries to an entity, more than fifty percent (50%) of the combined voting
power of the voting securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale, lease, license
or other disposition. 

        Once
a Change of Control has occurred for purposes of this agreement, no future events will constitute a Change of Control for purposes of this Agreement. 

PARACHUTE PAYMENTS  

        If any payment or benefit you would receive pursuant to a Change of Control from BroadVision or otherwise ("Payment") would (i) constitute a "parachute
payment" within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), and (ii) but for this sentence, be subject to the excise tax imposed by
Section 4999 of the Code (the "Excise Tax"), then such Payment shall be equal to the Reduced Amount. The "Reduced Amount" shall be either (x) the largest portion of the Payment that
would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever amount, after taking into account
all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in your receipt, on an after-tax
basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting "parachute
payments" is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the following order unless you elect in writing a different order (provided, however, that such election
shall be subject to Company approval if made on or after the date on which the event that triggers the Payment occurs): reduction of cash payments; cancellation of accelerated vesting of stock awards;
reduction of employee benefits. In the event that acceleration of vesting of stock award compensation is to be 

reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of your stock awards unless you elect in writing a different order for cancellation. 

        The
accounting firm engaged by BroadVision for general audit purposes as of the day prior to the effective date of the Change of Control shall perform the foregoing calculations. If the
accounting firm so engaged by BroadVision is serving as accountant or auditor for the individual, entity or group effecting the Change of Control, BroadVision shall appoint a nationally recognized
accounting firm to make the determinations required hereunder. BroadVision shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. 

        The
accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting documentation, to BroadVision and you within fifteen
(15) calendar days after the date on which your right to a Payment is triggered (if requested at that time by BroadVision or you) or such other time as requested by BroadVision or you. If the
accounting firm determines that no Excise Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish BroadVision and you with an opinion
reasonably acceptable to you that no Excise Tax will be imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive
upon BroadVision and you. 

AMENDMENT  

        This Agreement may be modified at any time by BroadVision; provided, however, that this Agreement may not be amended for thirteen (13) months following a
Change of Control in a manner which reduces the amount of any benefit that may be provided upon on an Involuntary Termination Without Cause or a Voluntary Termination for Good Reason or adversely
modifies the types of events that will constitute an Involuntary Termination Without Cause or a Voluntary Termination for Good Reason for purposes of this Agreement. 

OTHER PROVISIONS  

        As a BroadVision employee, you will be required to sign an acknowledgment that you have read and understand the company rules as described in the company handbook
and intend to abide by these rules and regulations. You will be expected to sign and comply with BroadVision's Proprietary Information and Inventions Agreement. You will also be required to submit an
a Form I-9 form and satisfactory documentation regarding your identification and right to work in the United States no later than three (3) days after your employment begins. 

        In
your work for BroadVision, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have
an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is
common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by BroadVision. During our discussions about your proposed job duties, you
assured us that you would be able to perform those duties within the guidelines just described. 

        You
agree that you will not bring onto BroadVision premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of
confidentiality. 

        This
Agreement, together with your Proprietary Information and Inventions Agreement, forms the complete and exclusive statement of your employment agreement with BroadVision. It
supersedes any other agreements or promises made to you by anyone, whether oral or written, and it can only be modified in a written agreement signed by an You shall receive indemnification as a
corporate officer of BroadVision. As required by law, this offer is subject to satisfactory proof of your right to work in the United States. to the maximum extent extended to the other officers of
BroadVision. You will be required to enter into the BroadVision's standard form of indemnification agreement, pursuant to 

which BroadVision agrees to advance any expenses for which indemnification is available to the extent allowed by applicable law ("Indemnification Agreement"). 

        You
may terminate your employment with BroadVision at any time and for any reason whatsoever simply by notifying BroadVision. Likewise, BroadVision may terminate your employment at any
time, with or without cause or advance notice. BroadVision requests that in the event of your resignation, you provide notice of your resignation two (2) weeks in advance. 

        This
Agreement including its Exhibits, together with your stock option agreement(s), your Proprietary Information and Inventions Agreement, and your Indemnification Agreement, forms the
complete and exclusive statement of your employment agreement with BroadVision. It supersedes any other agreements or promises made to you by anyone, whether oral or written, and it can only be
modified in a written agreement signed by an officer of BroadVision. 

        If
you wish to accept employment at BroadVision under the terms set out above and the Exhibits, please sign and date this letter, and return it to me by October    , 2001. 

        I
look forward to your favorable reply and to a productive and exciting working relationship. 

Sincerely,

Pehong
Chen
 President and Chief Executive Officer

James
Harrington
 Senior Vice President of Human Resources

Approved
and Accepted by: 

	
 Signature	 	
 Date	 	 
	

 Social Security Number	
 	

 	
 	

 

 
 

EXHIBIT A    
  

Exhibit A:
Consulting Terms 

Exhibit B:
General Release 

EXHIBIT A

CONSULTING TERMS  

        As part of the Agreement, you agree that in the event of an Involuntary Termination Without Cause (as defined in the Agreement to which this Exhibit A is
attached), you will serve as a consultant to BroadVision under the terms specified below. The consulting relationship commences on the date your employment with BroadVision is terminated (the
"Separation Date") and continues for one year from the Separation Date (the "Consulting Period"). 

        1.    Consulting
Services. You agree to provide consulting services to BroadVision in any area of your expertise upon request by the Chief Executive Officer (the "CEO") of
BroadVision. During the Consulting Period, you will report directly to the CEO, or as otherwise specified by the CEO. You agree to exercise the highest degree of professionalism and utilize your
expertise and creative talents in performing these services. You agree to make yourself available to perform such consulting services throughout the Consulting Period, up to a maximum of forty
(40) hours per month. 

        2.    Consulting
Fees and Benefits. 

        (a)  Consulting
Fees. Provided that you have signed and not revoked the general release set forth in Exhibit B to the Agreement, the Company will pay you as consulting
fees $26,666.67 per month (the "Consulting Fees") during the Consulting Period. 

        (b)  Taxes
and Withholding. BroadVision will not withhold from the Consulting Fees any amount for taxes, social security or other payroll deductions. BroadVision will issue
you a Form 1099 with respect to your Consulting Fees. You acknowledge that you will be entirely responsible for payment of any such taxes, and you hereby indemnify and hold harmless BroadVision
from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to all compensation you receive pursuant to the consulting relationship described
herein, with the exception of the employer's share of social security, if any. 

        (c)  Stock
Options. Your outstanding stock options (the "Options") will continue to vest during the Consulting Period in accordance with the terms and conditions of the stock
option plan and stock option agreement(s) pursuant to which the Options were granted. You will have three (3) months to exercise any vested portion of the Options following the end of the
Consulting Period. If the Options were incentive stock options under section 422 of the Internal Revenue Code of 1986, as amended, at the time of grant, such options will cease being incentive
stock options to the extent such options are exercised more than three (3) months following your termination of employment with BroadVision. 

        (d)  Health
Insurance. As provided by the federal COBRA law and by BroadVision's current group health insurance policies, you will be eligible to continue your health
insurance benefits at your own expense for up to eighteen (18) months following the Separation Date and, later, to convert to an individual policy if you wish. On the Separation Date, you will
be provided with a separate notice of your COBRA rights. 

        (e)  Other
Compensation or Benefits. You acknowledge that, except as expressly provided herein, you will not receive from BroadVision any additional compensation (including
but not limited to salary or bonuses), severance or benefits after the Separation Date. 

        3.    Limitations
on Authority. You will have no responsibilities or authority as a consultant to BroadVision other than as provided above. You agree not to represent or
purport to represent BroadVision in any manner whatsoever to any third party unless authorized by BroadVision, in writing, to do so. 

        4.    Other
Work Activities. Throughout the Consulting Period, you retain the right to engage in employment, consulting, or other work relationships in addition to your work
for BroadVision.
BroadVision will make reasonable arrangements to enable you to perform your work for BroadVision at such times and in such a manner so that it will not interfere with other activities in which you may
engage. In order to protect the trade secrets and confidential and proprietary information of BroadVision, you agree that, during the Consulting Period, you will notify BroadVision, in writing, before
you obtain employment with a competitor of BroadVision, perform services for any business entity competitive with BroadVision, or engage in any other work activity that is competitive with BroadVision
(collectively, "Competitive Activity"). If you engage in Competitive Activity without BroadVision's express written consent, BroadVision's obligation to pay you Consulting Fees will cease immediately,
vesting of your Options will cease immediately, and the Consulting Period will end immediately. BroadVision will not seek to recover any fees or benefits provided to you prior to your engagement in
Competitive Activity. 

[End
of Exhibit A] 

 
 

EXHIBIT B
  GENERAL RELEASE    
  

        I understand that my position with BroadVision, Inc. (the "Company") terminated
effective                        ,            (the "Separation Date").
The
Company has conditioned its payment of certain severance benefits Consulting Fees, and payment of a quarterly installment of my bonus under the Variable Compensation Plan, and accelerated vesting
pursuant to the terms of the [date] October    , 2001 offer letter agreement (the "Agreement") between myself and the Company, and any agreements incorporated
therein by reference, on my signing this Release. I understand that, regardless of whether I sign this Release, the Company will pay me all of my accrued salary and vacation through the Separation
Date, to which I am entitled by law. 

        In
consideration of the benefits I am receiving under the Agreement, I hereby release the Company and its officers, directors, agents, attorneys, employees, shareholders, parents,
subsidiaries, and affiliates from any and all claims, liabilities, demands, causes of action, attorneys' fees, damages, or obligations of every kind and nature, whether they are now known or unknown,
suspected or unsuspected, discovered or undiscovered, arising at any time prior to and including the date I sign this General Release ("Release"). This general release includes, but is not limited to:
all federal and state statutory and common law claims, claims related to my employment or the termination of my employment or related to breach of contract, tort, wrongful termination, discrimination,
wages or benefits, or claims for any form of equity or compensation, or claims under the BroadVision, Inc. Severance Benefit Plan. 

        In
releasing claims unknown to me at present, I am waiving all rights and benefits under Section 1542 of the California Civil Code, and any law or legal principle of similar
effect in any jurisdiction:
Section 1542 provides: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him
must have materially affected his settlement with the debtor." 

        If
I am forty (40) years of age or older as of the Separation Date, I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the federal
Age Discrimination in Employment Act of 1967, as amended ("ADEA"). I also acknowledge that the consideration given for the waiver in the above paragraphs is in addition to anything of value to which I
was already entitled. I have been advised by this writing, as required by the ADEA, that: (a) my waiver and release do not apply to any claims that may arise after my signing of this Release;
(b) I should consult with an attorney prior to executing this Release; (c) I have twenty-one (21) days within which to consider this Release (although I may choose to
voluntarily execute this Release earlier); (d) I have seven (7) days following the execution of this release to revoke the Release; and (e) this Release will not be effective
until the eighth day after this Release has been signed by me ("Effective Date"). 

Agreed:

[NAME] 

	 	 	Date:	 	 	 
	
	 	 	
	 	 

QuickLinks

EXHIBIT A

EXHIBIT B GENERAL RELEASE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]