EXHIBIT 10.19
SUMMIT DESIGN, INC.
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
EMPLOYEE: Xxxxxxx Xxxxxxxxx
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EFFECTIVE DATE: December 21, 1998
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This First Amendment to Employment Agreement (this "Amendment") is
entered into as of the above date by and between Summit Design, Inc., a
Delaware corporation ("Summit"), and the above named employee ("Xxxxxxxxx").
RECITALS
WHEREAS, the parties hereto have entered into an Employment Agreement
dated September 9, 1997 (the "Employment Agreement"); and
WHEREAS, the parties desire to amend the Employment Agreement;
NOW, THEREFORE, for good and valuable consideration, the parties agree
as follows:
1. Section 5(a) of the Employment Agreement is hereby amended and
restated as follows:
"(a) Cause or Resignation during the two (2) year period following
the Closing Date, Xxxxxxxxx will not effect a Disposition of any Securities
not previously released pursuant to Section 4 for a period of three (3) years
from the Closing Date."
2. All capitalized terms used in this Amendment shall, unless
otherwise indicated, have the same meanings set forth in the Employment
Agreement.
3. Except as stated in this Amendment, the terms and conditions of the
Employment Agreement shall remain unchanged, and the Employment Agreement
shall remain in full force and effect between the parties.
IN WITNESS WHEREOF, this Amendment may be executed by facsimile and/or
in counterparts, each of which shall be deemed an original, but all of which
shall together constitute a single instrument.
SUMMIT DESIGN, INC.
By: /c/ C. Xxxxxx Xxxx
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Name: C. Xxxxxx Xxxx
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Title: Chief Financial Officer
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EMPLOYEE
/s/ Xxxxxxx Xxxxxxxxx
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Xxxxxxx Xxxxxxxxx
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