FORM OF CHANGE OF CONTROL AGREEMENT Revised December 3, 2008Change of Control Agreement • March 11th, 2009 • Sumtotal Systems Inc • Services-prepackaged software • California
This Change of Control Severance Agreement (the “Agreement”) is entered into this day of , 200 (the “Effective Date”) between (“Executive”) and SumTotal Systems, Inc., a Delaware corporation (the “Company”). This Agreement is intended to provide Executive with the compensation and benefits described herein upon the occurrence of specific events following a change of control of the ownership of the Company (defined as “Change of Control”).
