Exhibit 10.19
DAVOX CORPORATION
PRESIDENT & CHIEF EXECUTIVE OFFICER
SEVERANCE AGREEMENT
Davox Corporation ("Davox") will extend to you a severance package such that,
in the event of your termination from employment for reasons other than for
non- performance or in the event there is a change in control of the company
that results in the loss of your job, demotion of your title, change in
responsibilities or relocation of the company by more than seventy-five (75)
miles, you will receive compensation at the rate equal to your current base
salary in effect at the time of such termination, plus an amount equal to the
actual earned bonus paid during the previous twelve months from the date of
such termination. In addition, this severance package will provide you with
medical / dental benefits continuation coverage consistent with that in effect
at the time of such termination for a period of twelve months from the date of
separation from employment. These payments will be payable for a period of
twelve months from the date of separation from employment, provided however
such payments will cease immediately upon your employment with a Davox
competitor.
Following the effective date of termination, as set forth in writing and
furnished to you by Davox, your employment with Davox shall cease and you shall
not hold yourself as an employee, agent, or representative of Davox.
Continuation of salary and benefits shall further be subject to your compliance
with any then existing company policies and such other terms as may be in effect
between you and Davox pertaining to the disclosure of confidential or
proprietary information.
Davox has final authority to determine all questions of eligibility to receive
benefits under this arrangement and to interpret and construe the terms of this
arrangement.
Approval:
/s/ Xxxxx X. Xxx September 4, 2001
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President & Chief Executive Officer Date
/s/ Xxxxxxxx X. Xxxxxxxx September 4, 2001
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Chairman of the Board Date
