Document:

exv10w34

 

Exhibit 10.34

February 7, 2002

Jeff Holmes

6537 Garden Grove Way

Gaithersburg, MD 20882

Dear Jeff:

By this letter, Manugistics seeks to attach as an addendum to your original
offer letter a provision by which it will provide to you a severance package
in the event that your employment is terminated for reasons other than cause.
While the provisions of this addendum will not affect the terms and conditions
of your employment, including your at-will status, if you accept the terms of
the addendum, it will provide you with compensation and benefits to which you
would not otherwise be entitled. The terms of the addendum are set forth
below. If you agree to accept those terms, please sign and date this letter
and return it to the Human Resources Department.

ADDENDUM

If the company terminates your employment for reasons other than cause, you
will receive your base salary and benefits in accordance with the Company’s
payroll practices for the equivalent of a six (6) month period commencing on
your termination date; provided that the foregoing salary and benefits will
cease immediately if you begin alternative employment during this six month
period. Any period during which your are receiving these payments and benefits
is called your “severance period.” You are not entitled to receive (1) any
bonus based on financial performance of sales growth, earnings, or management
objectives, or (2) your quarterly bonus during the severance period. During
your severance period, any options which you hold will continue to vest in
accordance with their terms. In order to receive the benefits described
herein, you will be required to execute a severance agreement and full release
of claims.

I hereby acknowledge that I have read, understood and accept the terms set
forth in this addendum to my offer letter dated October 8,1996, which is
incorporated herein by reference.

	/s/ Jeffrey L.
Holmes        	02/08/02
	Jeffrey L. Holmes	

 

October 8, 1996

Jeffrey Holmes

14 Wolf Crescent

Bolton, Ontario

L7E 5R8

Dear Jeffrey:

We are pleased to confirm our verbal offer for the position of Director,
Industry Marketing Consumer Products, reporting to Mary Lou Fox, Senior Vice
President, Professional Services and Market Management Division. This is an
exempt position.

In this position your monthly salary will be $9,583.34 and an annual
performance incentive plan of 30% of your base salary which will be prorated
based on your hire date for the remainder of Fiscal Year 1997. You will also
have the opportunity to earn an additional 20% of base salary for above plan
performance which will be prorated based on your hire date for the remainder of
Fiscal Year 1997. Assistance for relocation fee will be $9,000. Finally, we
will recommend to the Board of Directors that the Board grant you an option to
purchase an additional 5000 shares of stock under the Manugistics Employee
Stock Option Plan. This position has regular performance and salary reviews;
your first review will be after one year. In keeping with Manugistics policy,
all offers are contingent upon successful completion of employment references.

Effective on your first day of employment, you will be eligible for our
comprehensive Manugistics benefits program which includes:

	- Stock Options (600 shares plus an additional 5000 shares to be approved by
Board – four year vesting)
	 
	- Good Health Subsidy
	 
	- PC Purchase Program
	 
	- Comprehensive Medical Care
	 
	- Dental Care
	 
	- Employee Vision Care
	 
	- Life Insurance
	 
	- Accidental Death and Dismemberment Insurance
	 
	- Long-Term Disability

Jeffrey Holmes

October 8, 1996

 

Page Two

Additional information on these and other valuable benefits is enclosed for your reference.

As required by the Immigration Reform and Control Act of 1986, you must provide Manugistics with documentation verifying your eligibility to work in the United
States. Acceptable forms of documentation are described on the attached Employment Eligibility Verification form. Please review this and the enclosed “Manugistics, Inc. Conditions of Employment” carefully since you will be required to complete them on your first day at work.

Please signify your acceptance by signing this letter and returning it to Human Resources. In addition, please complete the top portion of the attached New Employee Information Sheet and return it with your signed acceptance letter.

We look forward to your joining Manugistics on October 28, 1996 and are confident that the association will be mutually rewarding.

Very truly yours,

Manugistics, Inc.

/s/ Elise Bolasny            

Elise Bolasny

Employment Manager

Accepted by:

	/s/ Jeffrey
Holmes            	October 14,
1996          
	Jeffrey Holmes	               Date

	Enclosuresexv10w35

 

Exhibit 10.35

December 14, 2001

Mr. Everett G. Plante, Jr.

1327 Pine Chase Grove

Houston, Texas 77055

Dear Everett:

On behalf of Manugistics, Inc., as well as its parent company, Manugistics
Group, Inc. and the Board of Directors of both, we are very pleased to confirm
our verbal offer for the position of Senior Vice President, Engineering &
Technology Solutions as of December 14, 2001, reporting to the President and/or
Senior Vice President, Product Development.

Cash Compensation. As Senior Vice President, your annual base salary is
$200,000 and will be payable in accordance with company policy. Your annual
salary is currently subject to reduction under Operation Manugistics Pulls
Together as further detailed in the attached document. Under this program, your
salary will be $170,000. This program is currently scheduled to end March 15,
2002, but may be extended depending on circumstances at the time.

In addition, you are eligible to receive an annual incentive bonus of up to
100% of your annual base salary payable quarterly. The incentive bonus is
payable as follows: 50% based on the financial performance of the Company
which will be defined by the Executive Committee and approved by the Board and
50% based upon management objectives subject to changes in Company policy. The
management objectives based bonuses will be payable under the plan submitted by
you within the first ninety (90) days of your employment and approved by the
President. During the first twelve (12) months of your employment with the
Company, you will earn a minimum of fifty percent (50%) of the bonuses, payable
to you on a quarterly basis. Your first performance evaluation will be
March 2003 in accordance with Company policy.

Stock Options. Subject to approval of the Compensation Committee of the Board
of Directors, we are also pleased to offer you a Stock Option package as
follows:

An option, granted as of your date of hire, to purchase 150,000 shares of
Manugistics Group, Inc. common stock (“Manugistics Stock”) in accordance with
the Manugistics 1998 Stock Option Plan. The vesting period for the stock
options under this first option shall commence on the date of grant and vest
over a four (4) year period, in equal monthly increments.

Location. This position will be based out of our Rockville, MD headquarters.
We will also assist you with your relocation; further details will follow.

 

Mr. Everett G. Plante, Jr.

December 14, 2001

Page Two

Benefits. Effective on your first day of employment and as a key executive in
the Company, you shall receive the comprehensive Manugistics benefits program
in accordance with the Company’s written plans and which includes:

	•	 	Stock Options – as set forth above
	 
	•	 	Employee Stock Purchase Plan
	 
	•	 	401(k) Retirement Plan
	 
	•	 	Comprehensive Medical Care
	 
	•	 	Dental Care
	 
	•	 	Employee Vision Care
	 
	•	 	Life/Accidental Death and Dismemberment Insurance
	 
	•	 	Long-Term Disability Insurance

Manugistics will obtain a supplemental life insurance policy of $700,000 on
your behalf. With the standard employee benefit and the supplemental policy,
your life insurance amount will be $1,000,000. The supplemental life benefit
is effective within three months of your hire date. Additional information on
these and other valuable benefits is enclosed for your reference.

Change of Control. In the event that the Company has a change of control, (a)
fifty percent (50%) of the outstanding Option shall vest immediately if your
responsibilities are not affected and (b) one hundred percent (100%) of the
outstanding Option shall vest immediately if your responsibilities are
significantly diminished or you are constructively terminated (i.e., your
responsibilities no longer consist of those reasonably associated with the
position of Senior Vice President, Engineering & Technology Solutions). For
this purpose, a “change in control” means a change in ownership of fifty-one
percent (51%) of the Company’s voting stock. This right shall be in addition to
and not in limitation of any other rights you may have under the terms of the
1998 Stock Option Plan.

Termination. If the Company terminates your employment for reasons other than
cause, you will receive your base salary and benefits in accordance with the
Company’s payroll practices for the equivalent of a six (6) month period
commencing on your termination date; provided that the foregoing salary and
benefits will cease immediately if you begin alternative employment during this
sixth month period. Any period during which you are receiving these payments
and benefits is called your “severance period.” You are not entitled to
receive (1) any bonus based on financial performance of sales growth, earnings,
or management objectives, or (2) your quarterly bonus during the severance
period. During your severance period, the option granted to you hereunder will
continue to vest in accordance with its terms.

Final Determination by Board. This offer is subject to approval by the
Compensation Committee of the Board of Directors of Manugistics Group, Inc.
Furthermore, all compensation and benefits included as part of this offer will
conform to the Company’s standard policies, practices and plans. In the event
of any question with regard to the compensation and benefits described in this
letter, the Compensation Committee of the Board of Directors will make the
final determination with regard to any interpretation relating to the elements
of your compensation package.

In keeping with Manugistics policy, all offers are contingent upon your
execution of Manugistics, Inc.’s Conditions of Employment.

Arbitration. In the event of a dispute concerning the terms and conditions of
employment, the parties agree to binding arbitration by and under the rules of
the American Arbitration Association, and each party shall pay its own fees and
expenses.

 

Mr. Everett G. Plante, Jr.

December 14, 2001

Page Three

As required by the Immigration Reform and Control Act of 1986, on your first
day of employment, you must provide Manugistics with documentation verifying
your eligibility to work in the United States. Acceptable forms of
documentation are described on the attached Employment Eligibility Verification
form. Please read this and the enclosed “Manugistics, Inc. Conditions of
Employment.”

Please signify your acceptance by signing and dating this letter, the two
copies of the “Manugistics, Inc. Conditions of Employment” and the top portion
of the attached New Employee Information Sheet and returning these documents to
Human Resources. Please keep one copy of the signed Manugistics, Inc.
Conditions of Employment for your records.

We look forward to your joining Manugistics as Senior Vice President and we are
confident that the association will be mutually rewarding.

Sincerely,

/s/ Richard F. Bergmann

Richard F. Bergmann

Accepted by Everett G. Plante, Jr.:

/s/ Everette G. Plante,
Jr.           

Everett G. Plante, Jr.

January 9,
2002                          

Date

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