Exhibit 10.4
November 11, 1999
Xxxx Xxxxxxxx
0 Xxxxx Xxxx Xxxx
Xxxxxxxxx, XX 00000
Dear Xxxx:
This letter is an addendum to your Employment Agreement dated September 9,
1999.
As an added incentive for you to remain with Peritus during the next two
quarters, Peritus agrees to pay you the following additional retention payments.
Retention Period Payment Date Payment Amount
-------------------- --------------- --------------
4th Quarter 1999 January 1, 2000 $70,000.00
1st Quarter 2000 April 1, 2000 $60,000.00
The above payments (less applicable withholding taxes) will be paid to you on
the dates shown so long as you are employed by Peritus throughout the retention
period.
Any unpaid portion of the above payments will be immediately paid upon
(i) termination of your employment by the Company without cause, or, (ii) the
merger, liquidation, consolidation, sale of substantially all of the assets,
bankruptcy, reorganization or receivership of the Company.
Peritus Software Services, Inc.
By:_________________________ ________________________
Xxxxxx Xxxxxx Xxxx Xxxxxxxx
Member Board of Director's President and CEO
Compensation Committee
