Exhibit 10.101
January 4, 2007
David Packer
Re: Promotion to Senior Vice
President, Field Operations
Dear Dave,
On behalf of Borland Software
Corporation (“Borland”), I am pleased to promote you to
the position of Senior Vice President of Worldwide Field Operations
reporting to me.
In consideration for your service to
Borland, you will be paid a base salary of $11,538.46 every two
weeks (which equals $300,000 per year), less applicable taxes and
other withholdings in accordance with Borland’s standard
payroll practices. You will be eligible for the Incentive
Compensation Program (ICP) specific to the senior management team
your annual ICP target will be 100% of your base salary, based on
the attainment of corporate and individual objectives. In addition,
you will be eligible to participate in various Borland fringe
benefit plans, including: Group Health Insurance, Flexible Spending
Accounts, 401(k) Savings Plan, Employee Stock Purchase Plan.
Borland reserves the right to modify employee benefit plans and
policies, as it deems necessary.
Subject to the approval of the Board
of Directors of Borland, the Compensation Committee of the Board of
Directors, or an Executive Option Committee acting by delegation of
authority from the Compensation Committee of the Board of
Directors, you will be gr
