Document:

side_letterofficers.htm

    EXHIBIT
10.48

     

    COMMUNICATION
INTELLIGENCE CORPORATION

    275
Shoreline Drive, Suite 500

    Redwood
Shores, CA 94065

     

    

     

    May 28,
2009

     

    
      	
              SG
      Phoenix LLC

              110
      East 59th
      Street, Suite 1901

              New
      York, NY 10022

               

            	 
      

    

    

    Re:           Salary Reduction Plan for
Executive Officers of Communication Intelligence Corporation under Amendment No.
1 to Credit Agreement, dated May 28, 2009

     

    Gentlemen,

     

    Reference
is made to that certain Amendment No. 1 to Credit Agreement, dated as of
May 28, 2009, by and among Communication Intelligence Corporation (the
“Company”), and
Phoenix Venture Fund LLC (“Phoenix”), Michael
Engmann (“Engmann”), the
Additional Lenders (as that term is defined in Amendment No. 1 to Credit
Agreement) and SG Phoenix LLC, as the Collateral Agent (“Amendment No. 1”) to
the Credit Agreement dated as of June 5, 2008, by and among the Company,
Phoenix, Engmann, Ronald Goodman and the Collateral Agent (together with
Amendment No. 1, the “Agreement”).  Any
capitalized terms used but not otherwise defined herein shall have the same
meanings ascribed to such terms in the Agreement.

     

    Pursuant
to Section 2.9 of the Agreement, the Company covenants and agrees to implement,
commencing with the first pay period subsequent to the Additional Closing Date,
the salary reduction plan for the Company’s executive officers proposed by the
Company and as agreed to by the Company and the Collateral Agent as set forth on
Exhibit A
attached hereto, which, when taken together with the salary reduction plan for
employees, provides for the achievement of at least a 13% aggregate reduction in
salaries for the Company’s executive officers and
employees.   The agreement set forth herein is a valid and
binding obligation of the Company, enforceable in accordance with the terms
hereof and is an additional provision of Section 2.9 of the Agreement as if the
terms hereof were set forth fully in the Agreement.

     

               This
side letter may be executed in multiple counterparts, each of which shall be
deemed to be an original, but all such separate counterparts shall together
constitute but one and the same instrument.  Delivery of a counterpart
hereof by facsimile transmission or by e-mail transmission shall be as effective
as delivery of a manually executed counterpart hereof.

     

    This letter shall be governed by, and
construed in accordance with, the laws of the State of New York excluding that
body of law relating to conflicts of law.

     

    [Remainder of the Page Intentionally
Left Blank]

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
          EXHIBIT
10.48

        

      

    

     

    Please
indicate your agreement and acceptance of the terms and conditions of this
letter agreement by executing this letter agreement in the designated space
below and returning a signed copy.

     

    Very
truly yours,

     

    Communication
Intelligence Corporation

    

    

    By:__________________________

          Name:
Francis V. Dane

          Title:   Chief
Financial Officer

    

     

    
      	
               
      

            	
              AGREED
      AND ACCEPTED:

            

    

     

    
      	
               
      

            	
              SG
      Phoenix LLC

            

    

    

    

    
      	
              By:

            	 

    

    
      	
               
      

            	
                    Name:
      Andrea Goren

            

    

    
      	
               
      

            	
                    Title:   Member

            

    

    

     

     

     

    [Signature
page to Side Letter]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          EXHIBIT
10.48

        

      

    

    

    EXHIBIT
A

    

    SALARY
REDUCTION PLAN

    

    

    
      	
              DEPT.

            	
              LAST

              NAME

            	
              FIRST
      NAME

            	
              CURRENT
      ANNUAL

               $

            	
              AFTER
      REDUCTION $

            	
               REDUCTION
      $

            	
              REDUCTION

              %

            
	
              2

            	
              DiGregorio

            	
              Guido

            	
              285,000.00

            	
              200,000.00

            	
              85,000.00

            	
              30%

            
	
              4

            	
              Davis

            	
              Russell

            	
              165,000.00

            	
              148,500.00

            	
              16,500.00

            	
              10%

            
	
              2

            	
              Dane

            	
              Francis

            	
              160,000.00

            	
              136,000.00

            	
              24,000.00

            	
              15%

            
	 
      	 
      	 
      	
                    610,000.00

            	
               

               484,500.00

            	
               

              125,500.00

            	 
      

    

    

     

     

     

     

     

     

     

     

    -A
-exhibit10-1.htm

    Exhibit
10.1

    
      

      AMENDMENT

      TO

      AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

      

      This
Amendment is made and entered into this 12th day of June, 2009 by and between A.
WILLIAM ALLEN, III (the "Executive") and OSI RESTAURANT PARTNERS, LLC
(the
"Company").

      

      RECITALS

      

      
      

      
        	1. 	The
      Executive and the Company entered into that certain Amended and Restated
      Employment
      Agreement dated June 14, 2007 (the
"Agreement").
	
                2.

              	
                The
      Executive and the Company entered into an amendment to the Agreement
      effective as of January 1, 2009.

              

      

      
        	
                3.

              	
                The
      Executive and the Company desire to further amend the Agreement
      as provided herein.

              

      

      

      NOW
THEREFORE, in consideration of the foregoing recitals, and of the premises,
covenants, terms and conditions contained herein, the parties hereto agree as
follows:

      

      
        	
                A.

              	
                Section
      8 of the Agreement is amended by deleting clause (c) thereof in its
      entirety and substituting in its place the
  following:

              

      

      

      "(c) The
existence of Cause. For purposes of this Agreement, "Cause" means any of
the following: the Executive's (i) conviction or a plea of guilty or nolo contendere with respect
to commission of a felony under federal law or under the law of the state in
which such action occurred, or (ii) the willful engaging in illegal misconduct
or gross misconduct that is materially and demonstrably injurious to the
Company."

      

      
        	
                F.

              	
                Section
      34 of the Agreement is amended by adding the following at the end of such
      Section:

              

      

      

      "If, as
of the date of the 'separation from service,' Executive is a specified employee'
(within the meaning of that term under Section 409A(a)(2)(B) of the Code, or any
successor provision thereto), then with regard to any payment or the provision
of any benefit that is subject to this section (whether under this Agreement, or
pursuant to any other agreement with or plan, program, payroll practice of the
Company) and is due upon or as a result of Executive's separation from service,
such payment or benefit shall not be made or provided, to the extent making or
providing such payment or benefit would result in additional taxes or interest
under Section 409A of the Code, until the date which is the earlier of (A) the
expiration of the six (6)-month period measured from the date of such
'separation from service,' and (B) the date of Executive's death (the
'Delay

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      Period')
and this Agreement and each such agreement, plan, program, or payroll practice
shall hereby be deemed amended accordingly. Upon the expiration of the Delay
Period, all payments and benefits delayed pursuant to this section (whether they
would have otherwise been payable in a single sum or in installments in the
absence of such delay) shall be paid or reimbursed to Executive in a lump sum
with interest at the prime rate as published in the Wall Street Journal on the
first business day of the Delay Period (provided that any payment measured by a
change in value that continues during the Delay Period shall not be credited
with interest for the Delay Period), and any remaining payments and benefits due
under this Agreement shall be paid or provided in accordance with the normal
payment dates specified for them herein."

      

      

      In
Witness Whereof, the undersigned have executed this Amendment as of the date
first above written.

      

      

      “EXECUTIVE”                                                                           "THE
COMPANY"

      

            OSI RESTAURANT PARTNERS,
LLC

      

      /s/ A. William Allen,
III                                                                         By: /s/ Joseph J.
Kadow______________

      A.
William Allen, III

                    
Name: Joseph J.
Kadow

      

               Title: Executive Vice
President

     

     2

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