Document:

Severance Letter Agreement

 Exhibit 10.1 
 

 
 July 27, 2006 
 VIA HAND DELIVERY 
 Carl D. Schultz 
 14 Eric Drive 
 Uxbridge, MA 01569 
 Dear Carl: 
 As you know,
your employment with Gensym Corporation (the “Company”) was terminated on July 27, 2006 for “cause,” pursuant to sections 2(a) and 3 of the Severance Benefits Agreement, entered into by the Company and you on
September 8, 1999 (the “Severance Benefits Agreement”). However, in consideration for your cooperation with the Company in any investigation regarding accounting and revenue recognition issues during the next 180 days, and your
execution and non-revocation of the attached agreement, the Company will pay you the severance benefits described in the “Description of Severance Benefits” attached as Attachment A if you timely sign and return this letter agreement by
August 17, 2006. By signing and returning this letter agreement, you will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. You are advised to
consult with an attorney before signing this letter agreement and you may take up to twenty-one (21) days to do so. If you sign this letter agreement, you may change your mind and revoke your agreement during the seven (7) day period after
you have signed it by notifying Jennifer Healey in writing. If you do not so revoke, this letter agreement will become a binding agreement between you and the Company upon the expiration of the seven (7) day period. 
 If you choose not to sign and return this letter agreement by August 17, 2006, if you timely revoke your acceptance in writing, or if you fail to
cooperate as set forth in Section 8 below, you shall not receive any severance benefits from the Company. You will, however, receive payment on your termination for any unused paid time off accrued through your Termination Date, as defined
below. Also, even if you decide not to sign this letter agreement, you may elect to continue receiving group health insurance pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq. All premium costs shall be
paid by you on a monthly basis for as long as, and to the extent that, you remain eligible for COBRA continuation. You should consult the COBRA materials to be provided by the Company for details regarding these benefits. All other Company-provided
benefits will cease upon your Termination Date. 
 If, after reviewing this letter agreement, you find the terms and conditions are
satisfactory to you, you should sign and return this letter agreement to Jennifer Healey by August 17, 2006. 
 The following numbered
paragraphs set forth the terms and conditions that will apply if you timely sign and return this letter agreement and do not revoke it in writing within the seven (7) day period: 
 52 Second Avenue, Burlington, MA 01803 U.S.A. Telephone: (781) 265-7100 Fax: (781) 265-7101 www.gensym.com 

 1. Termination Date - Your effective date of termination from the Company was July 27, 2006
(the “Termination Date”). As of the Termination Date, all salary payments from the Company ceased and any benefits you had under Company-provided benefit plans, programs, or practices will terminate, except as required by federal or state
law, or as otherwise described herein. 
 2. Description of Severance Benefits – The severance benefits which will be
provided to you if you timely sign, return, do not revoke this letter and cooperate as set forth in paragraph 8 below are described in the “Description of Severance Benefits” attached as Attachment A. 
 3. Release - In consideration of the payment of the severance benefits, which you acknowledge you would not otherwise be entitled to
receive, you hereby fully, forever, irrevocably and unconditionally release, remise and discharge the Company, its officers, directors, stockholders, corporate affiliates, subsidiaries, parent companies, agents and employees (each in their
individual and corporate capacities) (hereinafter, the “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants,
contracts (including any rights you may still have under the Severance Benefits Agreement), agreements, promises, doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every
kind and nature that you ever had or now have against the Released Parties, including, but not limited to, any and all claims arising out of or relating to your employment with and/or separation from the Company, including, but not limited
to, all employment discrimination claims under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., the Americans With Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., the Age Discrimination
in Employment Act, 29 U.S.C. § 621 et seq., and the Massachusetts Fair Employment Practices Act, M.G.L. c.151B, § 1 et seq., all as amended, all claims arising out of the Sabanes-Oxley Act, 18 U.S.C. §
1514A, the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq., the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C.
§ 1001 et seq., the Massachusetts Civil Rights Act, M.G.L. c.12, §§ 11H and 11I, the Massachusetts Equal Rights Act, M.G.L. c.93, § 102 and M.G.L. c.214, § 1C, the Massachusetts Labor and Industries Act, M.G.L.
c.149, § 1 et seq., the Massachusetts Privacy Act, M.G.L. c.214, § 1B and the Massachusetts Maternity Leave Act, M.G.L. c.149, § 105(d), all as amended, all common law claims including, but not limited to, actions in
defamation, intentional infliction of emotional distress, misrepresentation, fraud, wrongful discharge and breach of contract, all claims to any non-vested ownership interest in the Company, contractual or otherwise, including, but not limited to,
claims to stock or stock options, and any claim or damage arising out of your employment with and/or separation from the Company (including a claim for retaliation) under any common law theory or any federal, state or local statute or ordinance not
expressly referenced above; provided, however, that nothing in this letter agreement prevents you from filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission or a state fair
employment practices agency (except that you acknowledge that you may not be able to recover any monetary benefits in connection with any such claim, charge or proceeding). 
 4. Non-Disclosure and Non-Competition and Non-Solicitation - You acknowledge and reaffirm your obligation to keep
confidential all non-public information concerning the Company which you acquired during the course of your employment with the Company, as stated more fully in the Employee Noncompetition, Nondisclosure And Developments Agreement you executed at
the inception of your employment which remains in full force and effect. You further 
 52 Second Avenue, Burlington, MA 01803 U.S.A. Telephone: (781)
265-7100 Fax: (781) 265-7101 www.gensym.com 
  

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 acknowledge and reaffirm your obligations under the Employee Noncompetition, Nondisclosure and Developments Agreement you
previously executed for the benefit of the Company at the inception of your employment that also remains in full force and effect. 
 5.
Return of Company Property - You confirm that you have returned to the Company all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and printers, wireless handheld
devices, cellular phones, pagers, etc.), Company identification, Company vehicles and any other Company-owned property in your possession or control and have left intact all electronic Company documents, including but not limited to those which you
developed or help develop during your employment. You further confirm that you have cancelled all accounts for your benefit, if any, in the Company’s name, including but not limited to, credit cards, telephone charge cards, cellular phone
and/or pager accounts and computer accounts. 
 6. Business Expenses and Compensation - You acknowledge that you have been
reimbursed by the Company for all business expenses incurred in conjunction with the performance of your employment and that no other reimbursements are owed to you. You further acknowledge that you have received payment in full for all services
rendered in conjunction with your employment by the Company and that no other compensation is owed to you. 
 7. Non-Disparagement
– To the extent permitted by law, you understand and agree that as a condition for payment to you of the consideration herein described, you shall not make any false, disparaging or derogatory statements to any media outlet, industry group,
financial institution or current or former consultant, client or customer of the Company regarding the Company or any of its directors, officers, employees, agents or representatives or about the Company’s business affairs and financial
condition. 
 8. Continued Assistance - You agree that after the Termination Date and for a period of no less than 180 days you
will cooperate with the Company in its own or any third-party’s investigation related to accounting and revenue recognition issues. Your cooperation shall include, but shall not be limited to, at the Company’s request, being interviewed,
providing documents in your possession and/or reviewing documents relevant to the investigation. In addition, you agree to assist the Company in defending against and/or prosecuting any litigation or threatened litigation or government proceeding or
investigation during this 180 day period, and in performing any other tasks as reasonably requested by the Company. 
 9.
Amendment - This letter agreement shall be binding upon the parties and may not be modified in any manner, except by an instrument in writing of concurrent or subsequent date signed by duly authorized representatives of the parties
hereto. This letter agreement is binding upon and shall inure to the benefit of the parties and their respective agents, assigns, heirs, executors, successors and administrators. 
 10. Waiver of Rights - No delay or omission by the Company in exercising any right under this letter agreement shall operate as a waiver of
that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 
 52 Second Avenue, Burlington, MA 01803 U.S.A. Telephone: (781) 265-7100 Fax: (781) 265-7101 www.gensym.com 
  

 Page 3 of 6 

 11. Validity - Should any provision of this letter agreement be declared or be determined
by any court of competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be deemed not to be a part of this
letter agreement. 
 12. Nature of Agreement - You understand and agree that this letter agreement is a severance agreement and
does not constitute an admission of liability or wrongdoing on the part of the Company. 
 13. Acknowledgments - You
acknowledge that you have been given at least twenty-one (21) days to consider this letter agreement, including Attachment A, and that the Company advised you to consult with an attorney of your own choosing prior to signing this letter agreement.
You understand that you may revoke this letter agreement for a period of seven (7) days after you sign this letter agreement by notifying Jennifer Healey in writing, and the letter agreement shall not be effective or enforceable until the expiration
of this seven (7) day revocation period. You understand and agree that by entering into this letter agreement, you are waiving any and all rights or claims you might have under the Age Discrimination in Employment Act, as amendment by the Older
Workers Benefits Protection Act, and that you have received consideration beyond that to which you were previously entitled. 
 14.
Voluntary Assent - You affirm that no other promises or agreements of any kind have been made to or with you by any person or entity whatsoever to cause you to sign this letter agreement, and that you fully understand the meaning and
intent of this letter agreement. You state and represent that you have had an opportunity to fully discuss and review the terms of this letter agreement with an attorney. You further state and represent that you have carefully read this letter
agreement, including Attachment A, understand the contents herein, freely and voluntarily assent to all of the terms and conditions hereof, and sign your name of your own free act. 
 15. Applicable Law - This letter agreement shall be interpreted and construed by the laws of the Commonwealth of Massachusetts, without
regard to conflict of laws provisions. You hereby irrevocably submit to and acknowledge and recognize the jurisdiction of the courts of the Commonwealth of Massachusetts, or if appropriate, a federal court located in Massachusetts (which courts, for
purposes of this letter agreement, are the only courts of competent jurisdiction), over any suit, action or other proceeding arising out of, under or in connection with this letter agreement or the subject matter hereof. 
 16. Entire Agreement - This letter agreement, including Attachment A, contains and constitutes the entire understanding and agreement
between the parties hereto with respect to your severance benefits and the settlement of claims against the Company and cancels all previous oral and written negotiations, agreements, commitments, writings in connection therewith. Nothing in this
paragraph, however, shall modify, cancel or supersede your obligations set forth in paragraph 4 herein. 
 52 Second Avenue, Burlington, MA 01803 U.S.A.
Telephone: (781) 265-7100 Fax: (781) 265-7101 www.gensym.com 
  

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 If you have any questions about the matters covered in this letter, please contact Jennifer Healey in the
Human Resources department. 
  

	
	Very truly yours,
	
	 /s/ Lowell Hawkinson

	Lowell Hawkinson, Chief Executive Officer
	Gensym Corporation

  

	 ̈	I hereby agree to the terms and conditions set forth above and in Attachment A. I have been given at least twenty-one (21) days to consider this letter agreement (including
Attachment A) and I have chosen to execute this on the date below. I intend that this letter agreement will become a binding agreement between me and the Company if I do not revoke my acceptance in seven (7) days. 

  

					
			
	 /s/ Carl Schultz
	 		 	 August 16, 2006

	Carl Schultz	 		 	Date

 To be returned to Jennifer Healey in the Human Resources Department by August 17, 2006. 
 52 Second Avenue, Burlington, MA 01803 U.S.A. Telephone: (781) 265-7100 Fax: (781) 265-7101 www.gensym.com 
  

 Page 5 of 6 

 ATTACHMENT A 
 DESCRIPTION OF SEVERANCE BENEFITS 
 1. Severance Pay - The Company will pay you an
amount equal to two (2) months salary ($26,666.67), less all applicable state and federal taxes (the “Severance Pay”). This Severance Pay will be paid in one lump-sum upon the Company’s determination that you have adequately
complied with all requests for cooperation made of you during the Cooperation Period. 
 2. Stock Option Treatment - Solely for
purposes of the stock option agreements governing your outstanding stock option awards under the Company’s 1997 Stock Incentive Plan and the Company’s 2000 Stock Incentive Plan, the Company will waive its right to determine that you were
discharged by the Company for “cause” under and as defined in Section 3(e) of each of such stock option agreements. As a result of this waiver, your options under these two plans will not terminate immediately, but will terminate
three (3) months after Termination Date. 
 3. COBRA Continuation - Provided you are eligible and timely elect to continue
receiving group medical insurance pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq., for a period of two (2) months, the Company will continue to pay the same amount towards your medical, dental and vision
coverage as it did while you were employed with the Company. Thereafter, you may elect to continue receiving COBRA coverage and all premium costs shall be paid by you on a monthly basis for as long as, and to the extent that, you remain eligible for
COBRA continuation. You should consult the COBRA materials to be provided by the Company for details regarding these benefits. 
 52 Second Avenue,
Burlington, MA 01803 U.S.A. Telephone: (781) 265-7100 Fax: (781) 265-7101 www.gensym.com 
  

 Page 6 of 6Dividend Reinvestment and Stock Purchase Plan Authorization Form

 EXHIBIT 4.3 
 DIVIDEND REINVESTMENT AND 
 STOCK PURCHASE PLAN 
 AUTHORIZATION FORM 
  

					
	[LOGO]	  		  	Computershare Trust Co., Inc.
		  		  	P.O. Box 43078
		  		  	 Providence, Rhode Island 02940-3078

			
		  		  	 Within the US, Canada & Puerto
 Rico: 800 982
7652

		  		  	 Outside the US, Canada & Puerto
 Rico: 312 360
5235

			
		  		  	Facsimile: 312 601 4332
		  		  	www.computershare.com
	 __________________________
 Name
 __________________________
 Address
 __________________________
 City, State, Zip
	  		  	For a change of address or to obtain a form, please visit us at www.computershare.com or call us at the above telephone number.
			
		  		  	Holder Account Number
		  		  	_ _ _ _ _ _ _ _ _ _

 Use a black pen. Print in CAPITAL letters 
 inside the grey areas as shown in this example: ABC 123 X 
 Dividend Reinvestment
Plan – Enrollment Form 
 Please refer to the plan prospectus or brochure before enrolling. (If you do not want to enroll in the plan and you want
to receive all your dividends in cash you do not need to complete this form.) 
 Type of security held for dividends to be reinvested. Please mark
all boxes that apply. 
          Common
         Series A Preferred          Series B Preferred 
          Series C Preferred
         Series D Preferred 
 Check one box only. If you do not check any box, then FULL
DIVIDEND REINVESTMENT will be assumed. 

          Full Dividend Reinvestment: Please mark this box if you
wish to reinvest all dividends that become payable on this account, on all stock now held or any future holdings, including optional cash purchases. 
          Partial Dividend Reinvestment by Shares: Please mark this box and specify the number of whole shares on which you wish to have dividends reinvested. The dividends on all
remaining shares or any future holdings, including optional cash purchases, will be made in cash. Number of Shares:                     .

          Partial Dividend Reinvestment by Percentage of Shares: Please mark this box and specify the
percentage of shares on which you wish to have dividends reinvested. The dividends on the remaining percentage of shares will be paid in cash. Percentage of Shares:     % 
          Partial Dividends Paid in Cash: Please mark this box and specify the number of whole shares on which you
wish to receive dividend payments in cash. The dividends on all remaining shares or any future holdings, including optional cash purchases, will be reinvested. Number of Shares:
                    . 
 By participating in the
plan, I agree to be bound by the terms and conditions of the prospectus or brochure that governs the plan. I have read and fully understand the terms and conditions of the prospectus or brochure. I further agree that my participation in the plan
will continue until I notify Computershare Trust Co., Inc. in writing that I desire to terminate my participation in the plan. Upon providing such notification, I acknowledge that my withdrawal from the plan will be subject to the terms and
conditions of the prospectus or brochure that governs the plan. 
 Enrollment forms will be processed within 5 business days of receipt. Confirmation of
enrollment will not be mailed; however, a transaction statement will be mailed once there is activity in your account. If you would like to confirm your enrollment in the plan, please call us at the above referenced telephone number. 
 To be valid, this form must be signed by all registered shareholders. If you do not sign and return this form, you will continue to receive dividend payments in
cash. 
 Signature 1 – Please keep signature within the box 
 ____________________________________ 
 Signature 2 – Please keep signature within the box 
 ____________________________________ 
 Date (mm/dd/yyyy) 

 _____________ 
 Daytime Telephone Number 
 _______________________ 
  

			
	Please return completed form to:	  	Computershare
		  	P.O. Box 43078
		  	Providence, Rhode Island 02940-3078

 Privacy Notice 
 At Computershare, we take privacy seriously. In the course of providing services to you in connection with employee stock purchase plans, dividend reinvestment plans, direct stock purchase plans and/or direct
registration services, we receive nonpublic personal information about you. We receive this information through transactions we perform for you, from enrollment forms and through other communications with you. We may also receive information about
you by virtue of your transactions with affiliates of Computershare or other parties. This information may include your name, social security number, stock ownership information and other financial information. 
 With respect both to current and former customers, Computershare does not share nonpublic personal information with any non-affiliated third party except as necessary to
process a transaction, service your account or as permitted by law. Our affiliates and outside service providers with whom we share information are legally bound not to disclose the information in any manner, unless permitted by law or other
governmental process. We strive to restrict access to your personal information to those employees who need to know the information to provide our services to you. Computershare maintains physical, electronic and procedural safeguards to protect
your personal information. 
 Computershare realizes that you entrust us with confidential personal and financial information and we take that trust very
seriously.

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