EXHIBIT 10.20(ii)
EMPLOYMENT AGREEMENT
AMENDMENT A
THIS EMPLOYMENT AGREEMENT AMENDMENT A ("Amendment") is made and entered
into, effective as of June 1, 1999, by and between Xxxxxxx X. Xxxxxx
("Employee") and Interactive Intelligence, Inc. ("Company"), an Indiana
corporation.
WHEREAS, the Company and Employee have entered into an Employment
Agreement, and this Amendment is to be executed as a part of that Employment
Agreement:
NOW, THEREFORE, pursuant to Section 14. Effect and Modification of that
Employment Agreement, the following modifications or amendments are in effect.
SECTION 5. TERMINATION AND SEVERANCE PAYMENTS. In the event of a change of
control and termination without cause, the current base salary of Employee will
continue for a period of (1) one year from termination date, and all existing
medical and health benefits typically provided for by Company will continue for
a period of (1) one year after termination. This provision is cancelled or
terminated if Employee finds employment of comparable or similar job status.
STOCK OPTION VESTING. The Employment Agreement Addendum outlines an initial
stock option grant of 55,000 shares, which is vested over a (4) four year
period. If the Company is acquired or merged into a new entity, and if Employee
is terminated without cause, and if the valuation of the Company at that time is
greater than $200 million, then the following acceleration of vesting shall take
place: (1) if less than one year, 35% of options shall vest, (2) if more than
one year but less than two years, then 70% of options shall vest, and (3) after
2 years, then 100% of options shall vest.
RELOCATION EXPENSES. Employee shall be reimbursed for reasonable relocation
expenses incurred with the moving of family and household goods from Nebraska to
Indianapolis area.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
as of the day and year first written above.
/s/ Xxxxxxx X. Xxxxxx
------------------------------
Xxxxxxx X. Xxxxxx ("Employee")
Interactive Intelligence, Inc. by: /s/ Xxxxxx X. Xxxxx
----------------------------
Xxxxxx X. Xxxxx, M.D., President
