Exhibit 4.27
EXHIBIT B
AMENDMENT NO. 2
TO EMPLOYMENT AGREEMENT
THIS AMENDMENT effective as of this January 1, 2006 (the "Effective Date"),
serves to amend the Employment Agreement (the "Employment Agreement") dated
January 1, 2004 between:
CLICKSOFTWARE INC., a corporation organized and existing under the laws of the
State of California, having its principal offices at 000 Xxxxxxxxx Xxxxx,
Xxxxxxxxxx XX ("ClickSoftware")
XX. XXXXX XXX-XXXXXX ("the Executive"); and
WHEREAS, the parties wish to amend the Agreement, as follows:
1. General
Unless otherwise specified herein:
(a) The provisions set by this Amendment shall be deemed supplemental to
provisions set by the Agreement. In any event that any of the provisions set by
this Amendment conflict with any of the provisions set by the Agreement, the
provisions set by this Amendment shall prevail.
(b) Capitalized terms used in this Amendment shall have the same meanings
ascribed to them in the Agreement.
2. Section 3(a) of the Agreement is hereby amended in its entirety as follows:
Base Salary. During the Employment Term, the Company will pay Executive as
compensation for his services a base salary at the annualized rate of $300,000
(the "Base Salary"). The Base Salary will be paid periodically in accordance
with the Company's normal payroll practices and be subject to the usual,
required withholding.
3. Section 3(b) of the Agreement is hereby amended in its entirety as follows:
"Bonus. In addition to his Base Salary, Executive may earn an annual performance
bonus not to exceed 200% of his Base Salary (the "Bonus"). The amount of the
Bonus and the determination of the target milestones upon which the Bonus will
be based will both be set by the Compensation Committee of the Board, after
consultation with Executive. The Bonus may be reviewed annually by the
Compensation Committee of the Board for possible increases in light of
Executive's performance."
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of
the date specified above by the undersigned duly authorized.
CLICKSOFTWARE INC. XXXXX XXX-XXXXXX
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Authorized Signature Authorized Signature
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Printed Name Printed Name
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Title Title
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Date Date
