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EXTENSION AGREEMENT

Extension Agreement

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This Extension Agreement involves

CAPTARIS INC | Jeffrey B. deCillia

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Title: EXTENSION AGREEMENT
Date: 3/19/2004
Industry: SOFTWR     Sector: TECHNO

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Extension Agreement with Jeffrey B. deCillia, dated June 27, 2003

EXHIBIT 10.17

 

EXTENSION AGREEMENT

 

This EXTENSION AGREEMENT (this “Agreement”) is made and entered into as of June 27, 2003 by and between Captaris, Inc. (herein “Company”) and Jeffrey B. deCillia (herein “Executive”).

 

This agreement replaces the May 23, 2003, Separation Agreement previously entered into by the Company and the Executive.

 

The Company desires to retain the services of Executive to continue in the role of Chief Financial Officer and assist in the transition of the role of Chief Financial Officer (herein “CFO”).

 

The Executive is agreeable to such extension in exchange for the compensation detailed below.

 

Timing:

 

 

The Executive agrees to make himself available beginning July 16, 2003 to assist the Company in this transition.

 

 

Company recognizes that Executive was taking out of town vacation from August 4 to August 14, 2003. Given that Executive will need to be available to aid in the preparation and filing of the second quarter 2003 10Q, Company will consider this time period as Executive working remotely in recognition of Executive making himself available to assist in this filing effort.

 

 

The extension period continues until terminated by either party with two weeks notice but may not be terminated by the Company prior to September 1, 2003.

 

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