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AMENDMENT 2007-1 TO THE SEVERANCE AGREEMENT

Termination Severance Agreement

AMENDMENT 2007-1 TO THE SEVERANCE AGREEMENT | Document Parties: NOVELL INC You are currently viewing:
This Termination Severance Agreement involves

NOVELL INC

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Title: AMENDMENT 2007-1 TO THE SEVERANCE AGREEMENT
Date: 3/11/2009
Industry: Software and Programming     Sector: Technology

AMENDMENT 2007-1 TO THE SEVERANCE AGREEMENT, Parties: novell inc
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Exhibit 10.6

AMENDMENT 2007-1 TO THE

SEVERANCE AGREEMENT

THIS AMENDMENT 2007-1 , dated as of May 2, 2007, is entered into by and between Novell, Inc., a Delaware corporation (the “Company”) and John Dragoon (the “Executive”).

RECITALS

WHEREAS , the Executive previously entered into a severance agreement with the Company, dated February 8, 2007, (the “Severance Agreement”), that sets forth certain compensation and benefits for the Executive in the event the Executive’s service with the Company is terminated;

WHEREAS , due to a scrivener’s error, the definition of “Cause” does not fully reflect the mutual agreement between the parties;

WHEREAS , the Company and the Executive mutually desire to amend the Severance Agreement to correct the definition of “Cause;” and

WHEREAS , Section 19 of the Severance Agreement provides that the Company and the Executive may amend the Severance Agreement by written agreement.

NOW, THEREFORE , the Company and the Executive hereby agree that the Severance Agreement shall be amended as follows:

1. The definition of “Cause” under Section 1 of the Severance Agreement is hereby deleted in its entirety and replaced with the following complete definition:

“Cause:’

(i) For purposes of Involuntary Termination Prior to a Change in Control, means a determination by the Company’s Chief Executive Officer or Senior Vice President-People, in either case with legal advice and consultation of the Company’s Senior Vice President – General Counsel, acting in his authority as the Company’s general counsel, that the Executive has committed any of the following acts:

(A) continued violations of the Executive’s obligations which are demonstrably willful or deliberate on the Executive’s part after there has been delivered to the Executive a written demand for performance from the Company which describes the basis for the Company’s belief that the Executive has willfully or deliberately violated his obligations to the Company;

(B) engaging in willful misconduct which is injurious to the Company or any Subsidiary;


(C) committ


 
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