Mr. Ajei Gopal Re: Amendment to Offer Letter Dear Ajei: Reference is made to your offer letter of employment dated August 26, 2008, (the “Offer Letter”) between you and CA, Inc. (the “Company”).
Exhibit 10.8
Xx. Xxxx Xxxxx
Re: Amendment to Offer Letter
Dear Xxxx:
Reference is made to your offer letter of employment dated August 26, 2008, (the “Offer
Letter”) between you and CA, Inc. (the “Company”).
As discussed, the Company wishes to amend the terms relating to your severance payment of a
minimum of 12 months base salary in the event you are terminated other than for “cause” and terms
relating to reimbursement of reasonable expenses as set forth in the Offer Letter in order to
comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).
By signing this letter of amendment you agree to amend the following terms of your Offer
Letter:
You and the Company hereby agree that in the event you are terminated other than for “cause” a
severance payment of 12 months base salary (the “Severance Payment”) shall be paid to you provided
that within 55 days from your termination of employment you execute, return and do not revoke a
general release of claims in the form acceptable to the Company The Severance Payment shall be paid
in a lump sum no later than 60 days following the date of your termination of employment.
You and the Company hereby agree that any obligation of the Company to reimburse reasonable
expenses as set forth in your Offer Letter shall be paid to you no later than the end of the
calendar year following the year in which such expenses were incurred.
You and the Company further agree that to the extent that any payments made under the terms of
the Offer Letter, this amendment or any plan or arrangement of the Company constitute “deferred
compensation” under Section 409A of the Internal Revenue Code (“Section 409A”) and that if paid
would be subject to tax and penalties, the payment will be paid to you at such time as permitted
under section 409A. Neither the Company nor any of its employees or representatives shall have any
liability to you with respect to any taxes or penalties that may be owed under Section 409A to the
extent that any payments, plan or arrangement of the Company pursuant to the terms of this
agreement constitute “deferred compensation” under Section 409A.
Except as otherwise amended herein all terms of your Offer Letter will remain in full force
and effect. Please sign and date the agreement below.
/s/Xxxxxx Xxxxxxx
|
/s/ Xxxx Xxxxx
|
|||
Date: December 8, 2008
|
Date: December 12, 2008 |