SEC Contract Filing

Filing Date: 2015-05-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit1013-31x2015.htm
<DESCRIPTION>MUTUAL SEPARATION AND RELEASE AGREEMENT - RAMAKRISHNA
<TEXT>
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 <title>Exhibit 10.1 3-31-2015</title>
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<a name="s9642987fd77a42f19fd01b123b566b3c"></a><div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">MUTUAL SEPARATION &amp; RELEASE AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Mutual Separation and Release Agreement (&#8220;Agreement&#8221;) is made by and between Citrix Systems, Inc. (the &#8220;Company&#8221;), and Sudhakar Ramakrishna (&#8220;Employee&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, Employee has been employed by the Company as its Senior Vice President and General Manager, Enterprise and Service Provider Division since March 2013;</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, as a condition of his employment with the Company, the Company and Employee entered into the Citrix Systems, Inc. Confidential Information, Inventions Assignment and Non-Competition Agreement dated March 20, 2013 (the &#8220;Confidentiality Agreement&#8221;);</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, Employee and the Company have now decided that they wish to terminate their employment relationship on mutually-agreeable terms; </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company desires to extend certain separation benefits to Employee to assist Employee with the transition to new employment, which benefits Employee is not otherwise entitled to receive, and in return, Employee has agreed to release the Company and its affiliated persons and entities from any known or unknown claims that Employee has or may have against such entities/persons;</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW THEREFORE, in consideration of the mutual promises made herein, including Employee&#8217;s continued employment through May 31, 2015, the Company and Employee (collectively referred to as &#8220;the Parties&#8221;, and each individually a &#8220;Party&#8221;) hereby agree as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:11pt;padding-right:48px;">A.</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Consideration</font><font style="font-family:inherit;font-size:11pt;">. In exchange for Employee&#8217;s strict compliance with all of his obligations hereunder, the Company agrees that:</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:11pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:11pt;">The Company shall provide Employee with continued employment up through and including May 31, 2015, at which date Employee&#8217;s employment with the Company will terminate, unless earlier terminated by the Employee (the &#8220;Termination Date&#8221;). Commencing on February 26, 2015, and until the Termination Date, Employee shall perform the role of Senior Vice President, Products, of the Company by completing an orderly transition of his duties and responsibilities as Senior Vice President and General Manager, Enterprise and Service Provider Division, to his successors (including transitioning the management of product development activities and customer and partner engagements), and providing ongoing transition assistance to the Company&#8217;s President and Chief Executive