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EXHIBIT 10.27
1ST AMENDMENT TO
EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT is made as of the 18th day of August, 1998, between XXXXXXXX
XXXXXXX, a Washington resident ("Executive"), and MOSAIX, INC., a Washington
corporation ("Company").
The parties agree as follows:
1. AMENDMENT OF PRIOR AGREEMENT.
This Agreement amends that certain "Executive Employment Agreement" dated as of
April 28, 1998 between Executive and the Company. Except as expressly provided
herein, the terms and conditions of that agreement remain in effect between the
parties, and defined terms therein shall have the same meaning when used in this
Agreement.
2. SEVERANCE PAYMENTS.
Section 7 of the Executive Employment Agreement is hereby amended so that, in
the event Executive terminates his employment for Good Reason, or if the Company
terminates employment without cause following a Corporate Transaction, the
Company shall be obligated to pay to Executive his then regular base salary for
a period of eighteen months after the effective date of termination of
employment (as opposed to 6 months, as originally provided). This amendment will
not apply in the event of any termination unrelated to a Corporate Transaction.
IN WITNESS WHEREOF, the parties have executed and entered into this Agreement as
of the date above first written.
EXECUTIVE: COMPANY:
MOSAIX, INC.,
a Washington Corporation
/s/ Xxxxxxxx Xxxxxxx By: /s/ Wm. Xxxxxxxx Xxxxxx
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XXXXXXXX XXXXXXX Wm. Xxxxxxxx Xxxxxx
Its General Counsel & Assistant Secretary