Document:

Exhibit 10.1

NINTH AMENDMENT TO EMPLOYMENT AGREEMENT

          This Ninth Amendment to the Employment Agreement is effective the 17th day of November, 2006 (the “Ninth Amendment”), by and between MICROS SYSTEMS, INC., a Maryland corporation, with offices located at 7031 Columbia Gateway Drive, Columbia, Maryland 21046-2289 (hereinafter referred to as the “Company”), and A. L. GIANNOPOULOS, whose address is 7031 Columbia Gateway Drive, Columbia, Maryland 21046-2289 (hereinafter referred to as the “Executive”).

          WHEREAS, the Executive and the Company entered into an Employment Agreement dated June 1, 1995, as amended (the agreement as amended is hereinafter referred to as the “Agreement”); and

          WHEREAS, the parties hereto would like to amend the Agreement pursuant to this Ninth Amendment in an effort to induce the Executive to continue to render services to the Company for an extended term.

          NOW, THEREFORE, the Company and the Executive, for good and valuable consideration, and pursuant to the terms, conditions, and covenants contained herein, hereby agree as follows:

1.  Section 3 of the Agreement, captioned “Term”, shall be deleted in its entirety and the following new language inserted in lieu thereof:

“The term of this Agreement shall commence upon the day and year first above written (“Commencement Date”) and shall continue until June 30, 2011, unless sooner terminated, as provided herein.”

2.  Section 4 of the Agreement, captioned “Salary”, is amended by appending to the existing salary chart the following new rows:

	
  
Period
  	
   
 	
  
Salary
  	
   
 
	
  

  	
   
  	
  

  	
  

  	
  
 
  
	
  
July 1, 2009 through June   30, 2010
  	
  
 
  	
  
$
  	
  
2,000,000
  	
  
 
  
	
  
July 1, 2010 through June   30, 2011
  	
  
 
  	
  
$
  	
  
2,000,000
  	
  
 
  

3.  Section 5 of the Agreement, captioned “Bonuses”, is amended by appending to the existing bonus chart the following new rows:

	
  Fiscal   Year Ending
  	
   
 	
  
Target   Bonus
  	
   
 
	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  
June 30, 2010
  	
  
 
  	
  
$
  	
  
900,000
  	
  
 
  
	
  
June 30, 2011
  	
  
 
  	
  
$
  	
  
900,000
  	
  
 
  

4.  The first paragraph of Section 16(c)(3) of the Agreement shall be deleted in its entirety and the following new language inserted in lieu thereof:

	
  
 
  	
  
“Payment Upon Termination By The Company.  If the Company terminates the Executive’s   employment for any reason other than Good Cause, the Executive shall be   entitled to receive from the Company and the Company shall pay to the   Executive in one lump sum, within fifteen (15) days following the Executive’s   termination of employment, all of the salary and Target Bonus payments   provided for in Sections 4 and 5 of this Agreement for the period beginning   on the date of the Executive’s termination of employment and ending on June   30, 2011.”
  

5.        The first paragraph of Section 16(c)(4) of the Agreement shall be deleted in its entirety and the following new language inserted in lieu thereof:

	
  
 
  	
  
“Payment Upon Termination By The Executive. If the   Executive terminates his employment with the Company for Good Reason, other   than Good Reason described in Section 16(a)(3)a), he shall be entitled to   receive from the Company and the Company shall pay to the Executive in one   lump sum, within fifteen (15) days following the date of the Executive’s   termination of employment, all of the salary and Target Bonus payments   provided for in Sections 4 and 5 of this Agreement for the period beginning   on the date of the Executive’s termination and ending on June 30, 2011.  If the Executive terminates his employment   with the Company for the Good Reason described in Section 16(a)(3)a), then and   in such event, he shall be entitled to receive from the Company and the   Company shall pay to the Executive in one lump sum, within fifteen (15) days   following the date of the Executive’s termination of employment, an amount   equal to the
lesser of (i) all of the salary and Target Bonus payments   provided for in Sections 4 and 5 of this Agreement for the period beginning   on the date of the Executive’s termination and ending on June 30, 2011, or   (ii) all of the salary and Target Bonus payments provided for in Sections 4   and 5 of this Agreement for the period commencing on the date of the   Executive’s termination and ending on the third anniversary of the date of   the Executive’s termination.”
  

6.        All other provisions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Ninth Amendment as of the dates indicated below, the effective date of this Ninth Amendment being the 17th day of November, 2006.

	
  
 
  	
  
 
  	
  
COMPANY:
  	
  
 
  	
  
 
  
	
  
ATTEST:
  	
  
 
  	
  
MICROS SYSTEMS, INC.
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 
	
   
  	
  
 
  	
  
By:
  	
  
 
  	
  
 
  	
  
(SEAL)
  
	
  

  	
  
 
  	
  
 
  	
  

  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Louis M. Brown, Jr.
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Vice Chairman
  	
  
 
  	
  
 
  
	
  [Corporate Seal]
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
EXECUTIVE:
  	
  
 
  	
  
 
  
	
  
WITNESS:
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  

  	
  
 
  	
  
 
  	
  

  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
A. L. GIANNOPOULOSExhibit 10.2

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

          This Second Amendment to the Employment Agreement is effective the 17th day of November, 2006 (the “Second Amendment”), by and between MICROS SYSTEMS, INC., a Maryland corporation, with offices located at 7031 Columbia Gateway Drive, Columbia, MD 21046 (hereinafter referred to as the “Company”), and Gary C. Kaufman, whose address is 7031 Columbia Gateway Drive, Columbia, Maryland 21046 (hereinafter referred to as the “Executive”).

          WHEREAS, the Executive and the Company entered into an Employment Agreement dated May 28, 1997, as amended by the First Amendment to the Agreement dated October 1, 1998 (individually and collectively, the “Agreement”);

          WHEREAS, the Executive agrees to the changes to the Agreement as provided in this Second Amendment.

          NOW, THEREFORE, the Company and the Executive, for good and valuable consideration, and pursuant to the terms, conditions, and covenants contained herein, hereby agree as follows:

1.           Section 16(a) of the Agreement shall be amended to add a new Section 16(a)(1) to read in its entirety as follows, and the remainder of Section 16(a) of the Agreement shall be renumbered (2) through (4) accordingly:

          “(1)     “Change in Control” shall mean the occurrence of any of the following events:

	
  
 
  	
  
          a)          Any   “person” (as such term is used in sections 13(d) and 14(d) of the Securities   Exchange Act of 1934 (the “Exchange Act”)) becomes a “beneficial owner” (as   defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of   securities of the Company representing 40% or more of the voting power of the   then outstanding securities of the Company; provided that a Change in Control   shall not be deemed to occur as a result of a transaction in which the   Company becomes a subsidiary of another corporation and in which the   stockholders of the Company, immediately prior to the transaction, will   beneficially own, immediately after the transaction, shares entitling such   stockholders to more than 60% of all votes to which all stockholders of the   parent corporation would be entitled in the election
of directors (without   consideration of the rights of any class of stock to elect directors by a   separate class vote);
  
	
   
  	
  
 
  
	
  
 
  	
  
          b)          The   consummation of (i) a merger or consolidation of the Company with another corporation   where the stockholders of the Company, immediately prior to the merger or   consolidation, will not beneficially own, immediately after the merger or   consolidation, shares entitling such stockholders to more than 60% of all   votes to which all stockholders of the surviving corporation would be   entitled in the election of directors (without consideration of the rights of   any class of stock to elect directors by a separate class vote), or where the   members of the Company’s Board of Directors, immediately prior to the merger   or consolidation, would not, immediately after the merger or consolidation,   constitute a majority of the board of directors of the surviving corporation,   (ii) a sale or other disposition of all or substantially all
of the assets of   the Company, or (iii) a liquidation or dissolution of the Company; or
  

	
  
 
  	
  
          c)          After   November 17, 2006, directors are elected such that a majority of the new   members of the Company’s Board of Directors shall be different than the   directors who were members of the Company’s Board of Directors immediately   prior to the election or nomination, unless the election or nomination for   election of each new director who was not a director was approved by a vote   of at least two-thirds of the directors then still in office who were   directors at the beginning of such period.”
  

	
  
2.
  	
  
Section 16(b)(4) of the   Agreement shall be amended in its entirety to read as follows:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(4)     By   the Executive for Good Reason or Other Reasons Unrelated to a Change in   Control.  The Executive may terminate   this Agreement (i) for Good Reason or (ii) upon fifteen (15) days prior   written notice, for any other reason, other than, in either case, that provided   in clause (5) below.”
  
	
  
 
  	
  
 
  
	
  
3.
  	
  
A new Section 16(b)(5)   shall be added to Section 16 of the Agreement to read as follows:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(5)     By   the Executive After a Change in Control.    At any time within the thirty (30) day period following a Change in   Control, the Executive may terminate this Agreement with or without Good   Reason.”
  
	
   
  	
  
 
  
	
  
4.
  	
  
Section 16(c)(3) and   16(c)(4) of the Agreement shall be amended in their entirety to read as   follows:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(3)     Payment Upon   Termination By The Company.  Except as   provided in clause (5) below, if the Company terminates the Executive’s   employment for any reason other than Good Cause, the Executive shall be   entitled to receive from the Company and the Company shall pay to the   Executive in one lump sum, within fifteen (15) days following the Executive’s   termination of employment, the sum of: (i) all of the salary payments   provided for in Sections 4 of this Agreement for the period beginning on the   date of the Executive’s termination of employment and through the expiration   date of the Agreement, as amended; and (ii) three times the eligible Target   Bonus for the fiscal year in which his employment was terminated.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
If the Company terminates Executive’s employment for   Good Cause, the Executive shall be entitled to salary through the date of   termination.  Any and all salary and   Target Bonus payments shall thereupon cease and terminate.
  
	
  
 
  	
  
 
  
	
   
  	
  
(4)         Payment Upon Termination By The Executive.  Except as provided in clause (5) below, if   the Executive terminates his employment with the Company for Good Reason, he   shall be entitled to receive from the Company and the Company shall pay to   the Executive in one lump sum, within fifteen (15) days following the date of   the Executive’s termination of employment, the sum of: (i) all of the salary   payments provided for in Sections 4 of this Agreement for the period   beginning on the date of the Executive’s termination of employment and   through the expiration date of the Agreement, as amended; and (ii) three   times the eligible Target Bonus for the fiscal year in which his employment was   terminated.
  

	
  
 
  	
  
Except as provided in clause (5) below, if the   Executive terminates this Agreement for any reason other than Good Reason, he   shall be entitled to salary through the date of termination.  Any and all salary and Target Bonus   payments shall thereupon cease and terminate.”
  
	
  
 
  	
  
 
  
	
  
5.
  	
  
A new Section 16(c)(5)   shall be added to Section 16 of the Agreement to read as follows:
  
	
  
 
  	
  
 
  
	
   
  	
  
“(5)     Payment   Upon Termination By The Executive After a Change in Control.  If the Executive terminates his employment   with the Company with or without Good Reason at any time within the thirty   (30) day period following a Change in Control, he shall be entitled to   receive from the Company and the Company shall pay to the Executive in one   lump sum, within fifteen (15) days following the Executive’s termination of   employment, 2.99 times the sum of (i) his highest annual base salary prior to   his date of termination and (ii) his eligible Target Bonus for the fiscal   year of his termination as provided for in Sections 4 and 5 of this   Agreement.  In addition, for a period   of thirty-six (36) months following the date of the Executive’s termination,   the Executive shall continue to receive the medical and dental coverage in   effect as of the date of the Executive’s termination (or generally
comparable   coverage) for himself and, where applicable, his spouse and dependents, at   the same premium rates as may be charged from time to time for employees of   the Company generally, as if the Executive had continued in employment during   such period.”
  
	
  
 
  	
  
 
  
	
  
6.
  	
  
All other provisions of   the Agreement shall remain in full force and effect.
  

[SIGNATURE PAGE FOLLOWS]

          IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the dates indicated below, the effective date of this Second Amendment being the 17th day of November, 2006.

	
  
 
  	
  
 
  	
  
COMPANY:
  	
  
 
  	
  
 
  
	
  
ATTEST:
  	
  
 
  	
  
MICROS SYSTEMS, INC.
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
By:
  	
  
 
  	
  
 
  	
  
(SEAL)
  
	
  

  	
   
  	
  
 
  	
  

  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
A.L. Giannopoulos
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Chairman, President and   Chief
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Executive Officer
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
[Corporate Seal]
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
EXECUTIVE:
  	
  
 
  	
  
 
  
	
  
WITNESS:
  	
  
 
  	
  
 
  	
  
GARY C. KAUFMAN

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