ACKNOWLEDGEMENT AND CLARIFICATION
Exhibit 10.6(b)
ACKNOWLEDGEMENT AND CLARIFICATION
This ACKNOWLEDGEMENT AND CLARIFICATION, effective as of December 19, 2018, is between QAD Inc., a Delaware corporation, with its principal offices located at 000 Xxxxxxxxxx Xxxxx, Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 ("QAD"), and Xxxxx Xxxxxxx, residing at 0000 Xxxxxxxxx Xxxx Xx., Xxxxx Xxxxxxx, XX 00000 ("Employee").
RECITALS
QAD and Employee hereby acknowledge and agree that severance benefits, as described in Employee's offer letter of December 19, 2018, are provided under and are subject to the terms and conditions of the Executive Termination Policy as approved by QAD Inc.'s Board of Directors and in effect as of December 18, 2008 (the "Policy"), but that any Benefits provided to Employee pursuant to such Policy shall be for a period of twelve (12) months instead of six (6) months.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.
EMPLOYEE
/s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx |
QAD Inc., A Delaware Corporation
By:
/s/ Xxxx Xxxxxxx Xxxx Xxxxxxx Chief People Officer |