Manugistics Group Inc – Manugistics Group, Inc. Description of Supplemental Retention Program (November 7th, 2005)
Following is a description of the Companys supplemental retention program (the Supplemental Retention Program) for certain executive officers and employees of the Company. The Supplemental Retention Program consists of a cash payment, a grant of shares of restricted stock pursuant to the Amended and Restated 1998 Stock Option Plan of the Company (the 1998 Plan) and/or a grant of stock options pursuant to the 1998 Plan. Stock options and shares of restricted stock granted under the Supplemental Retention Program become fully vested, and any cash payments will be made, upon the earliest to occur of the following: (i) the employees involuntary termination of employment by the Company without cause or the employees resignation for good reason; (ii) a change in control; or (iii) one year from the date of grant.
Manugistics Group Inc – Manugistics Group, Inc. Description of Compensation Arrangements for Named Executive Officers (October 11th, 2005)
Following is a description of the compensation arrangements for each of the Companys named executive officers (the officers). The compensation arrangements consist of salary and perquisites, annual cash incentive compensation and equity awards. Each of the officers is an at-will employee of Manugistics except for Mr. Cowan, who is party to an employment agreement with the Company incorporated by reference to Exhibit 99.1 to the Companys Current Report on Form 8-K, filed on July 27, 2004 and Exhibit 10.2 to the Companys Quarterly Report on Form 10-Q for the quarter ended August 31, 2005.
Manugistics Group Inc – March 10, 2005 Ronald Kubera 8613 Augusta Farm Lane Laytonsville, MD 20882 Dear Ron, (March 15th, 2005)
By this letter, Manugistics seeks to attach as an addendum to your original offer letter a provision by which it will provide to you a severance package in the event that your employment is terminated for reasons other than cause. While the provisions of this addendum will not affect the terms and conditions of your employment, including your at-will status, if you accept the terms of the addendum, it will provide you with compensation and benefits to which you would not otherwise be entitled. The terms of the addendum are set forth below. If you agree to accept those terms, please sign and date this letter and return it to the Human Resources Department.