EXHIBIT 10.14
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 without cause or in the event
there is a change in control of the company that results in the demotion of
your title, change in responsibilities, relocation of the company by more than
fifty (50) miles or removal from the Board of Directors. Without cause shall
mean for any reason other than:
(a) illegal acts (other than minor traffic violations, misdemeanors, or
other acts that do not result in criminal conviction) including
convictions for theft or embezzlement.
(b) Material violation of published written policies of the company that
if broken would have a material negative impact on the company.
(c) Irresponsible, unauthorized acts of a willful nature in the
performance of duties that have a substantial financial impact on the
company.
This severance package will provide you with medical / dental benefits
continuation coverage and 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 prior to
the date of termination. This compensation and benefits continuation
(severance package) will be payable for a period of twelve months from the
date of separation from employment or until such time you acquire other
employment, whichever comes sooner.
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. Sample March 1, 2001
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President & Chief Executive Officer Date
/s/ Xxxxxxxx X. Xxxxxxxx March 1, 2001
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Chairman of the Board Date
