Exhibit 10(g)
AMENDMENT DATED NOVEMBER 3, 1997
TO
EMPLOYMENT AGREEMENT
Amendment, dated November 3, 1997, to the Employment Agreement between
Computervision Corporation (the "Company") and Xxxxxx X. Xxxxxx (the "Employee")
dated as of October 3, 1997 (the "Employment Agreement"). All capitalized terms
not defined herein shall have the meanings set forth in the Employment
Agreement.
WHEREAS, pursuant to the Employment Agreement, the Company granted to the
Employee a stock option for the purchase of 250,000 shares of Common Stock of
the Company (the "Option"); and
WHEREAS, the Company and the Employee desire to rescind the Option in its
entirety and to amend the Employment Agreement;
NOW THEREFORE, for valuable consideration, the receipt whereof is hereby
acknowledged, the Company and the Employee agree as follows:
1. The Company and the Employee hereby agree to the rescission,
cancellation and termination of the Option, effective immediately.
2. The Company hereby acknowledges receipt from the Employee of the
Option, without the payment of any consideration therefore, and the Employee
acknowledges that the Option is hereby rescinded and is of no further force and
effect.
3. The Employment Agreement is hereby amended by deleting the second,
third, fourth and fifth paragraphs thereof and the following is substituted in
lieu thereof:
"You will be employed with the Company for an initial nine (9) month
period ("Contract Term") which has been agreed and committed to by
both you and Computervision. The Contract Term will commence on
October 6, 1997 and can be extended if it is mutually agreed by both
parties. You may at any time after February 1, 1998 terminate your
employment, in your sole discretion, and the Company agrees to pay you
for the balance of the Contract Term after such termination.
You will be paid an amount of $23,076.92 bi-weekly during the Contract
Term. This salary will be guaranteed to you for the nine (9) month
assignment."
4. Except as specifically amended by this Amendment, the Employment
Agreement shall remain in full force and effect and is hereby ratified and
confirmed in all respects.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the date first above written.
COMPUTERVISION CORPORATION
By:_____________________________________
Title:
XXXXXX X. XXXXXX
________________________________________
