ON TECHNOLOGY CORPORATION Waltham, Massachusetts 02451 June 30, 2003On Technology Corp • November 12th, 2003 • Services-prepackaged software • Massachusetts
You are currently an employee of ON Technology Corporation (the “Company”). The terms of your employment with the Company are governed, in part, by that certain employment letter dated January 31, 2003 addressed to you from the Company (the “2003 Employment Letter”). To induce you to remain in its employ, the Company agrees that you shall receive the severance benefits set forth in this letter agreement (the “Agreement”) in the event your employment with the Company is terminated under the circumstances described below and that such severance benefits shall replace in their entirety the severance benefits described in the sixth paragraph of the 2003 Employment Letter.
