FORGENT/ASURE LETTERHEADForgent Networks Inc • August 31st, 2009 • Services-computer integrated systems design
The FY 2009 Annual Meeting of Stockholders of the Company is scheduled for August 28, 2009. The Company believes, and has confirmed to you, that your agreement of several months ago to continue to serve the Company through the Annual Meeting is in the best interests of the stockholders. Accordingly, and in consideration of such agreement, the Company agrees to pay you a retention payment on the following terms and conditions:
FORGENT/ASURE LETTERHEADForgent Networks Inc • August 31st, 2009 • Services-computer integrated systems design
In light of the pending changes in the executive management and Board of Directors of the Company, the Company believes, and has confirmed to you, that your continued service to the Company through the December 31, 2009, is critical for the Company and is in the best interests of the stockholders. Given that, the Company desires to formally engage you through December 31, 2009, and you have agreed to be so engaged, subject to the terms and conditions hereof. This letter serves to confirm our agreement regarding the terms and conditions of that engagement. In particular, we hereby agree as follows:
