EXHIBIT 10.19
AMENDMENT NO. 1 TO AGREEMENT RELATING TO EMPLOYMENT
AMENDMENT, dated January 14, 1999 by and between NetScout Systems,
Inc., a Delaware corporation ("NetScout"), and Xxxxxxxx Xxxxx, a founder of
NetScout ("Xx. Xxxxx").
WHEREAS, the Company and Xx. Xxxxx entered into an Agreement Relating
to Employment dated as of June 1, 1994 (the "Employment Agreement");
WHEREAS, the parties desire to amend the Employment Agreement to add
provisions with respect to Xx. Xxxxx'x compensation;
NOW, THEREFORE, for good and valuable consideration, the sufficiency
of which is hereby acknowledged, the parties hereto agree to amend the
Employment Agreement as follows:
1. That Section 2 be amended by deleting it in its entirety and
replacing it with the following:
"BASE SALARY AND BONUS. During the term of this Agreement, the
Company shall pay Xx. Xxxxx a base salary at an annual rate of at least $250,000
and a year-end, non-discretionary bonus of at least $250,000. The base salary
shall be payable in installments in accordance with the Company's regular
practices, as such practices may be modified from time to time.
2. This Amendment shall be governed by the laws of the
Commonwealth of Massachusetts and shall be binding upon the heirs, personal
representatives, executors, administrators, successors and assigns of the
parties.
3. This Amendment may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, this Amendment has been executed as of the date
and year first above written.
NETSCOUT SYSTEMS, INC.
By: /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
Chief Executive Officer
/s/ Xxxxxxxx Xxxxx
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Xxxxxxxx Xxxxx
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