Exhibit 10(i)
AMENDMENT DATED NOVEMBER 3, 1997
TO
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
Amendment, dated November 3, 1997, to the Amended and Restated Employment
Agreement between Computervision Corporation (the "Company") and Xxxxxxxx X.
Xxxx (the "Employee") dated as of September 4, 1996 (the "Original Employment
Agreement"), as amended by amendments dated September 22, 1997 and October 16,
1997 (the "Amendments"). All capitalized terms not defined herein shall have the
meanings set forth in the Original Employment Agreement.
WHEREAS, pursuant to the Amendment dated September 22, 1997, the Company
granted to the Employee an Earnings-Based Stock Option for the purchase of up to
a maximum of 175,000 shares of Common Stock of the Company and a Stock-Price-
Based Stock Option for the purchase of up to a maximum of 75,000 shares of
Common Stock of the Company (the "Options"); and
WHEREAS, the Company and the Employee desire to rescind in their entirety
the Options and both of the Amendments;
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 (collectively, "rescission") of the Amendments and
the Options, effective immediately.
2. As a result of the rescission of the Amendments, the Company and the
Employee hereby agree that the terms and conditions of employment of the
Employee shall be governed solely by the terms and conditions of the Original
Employment Agreement, effective as of the date of the first of the Amendments,
to wit, September 22, 1997.
3. The Company hereby acknowledges receipt from the Employee of the
Options, without the payment of any consideration therefor, and the Employee
acknowledges that the Options are hereby rescinded and are of no further force
and effect.
4. Except as specifically amended by this Amendment, the Original
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
XXXXXXXX X. XXXX
_________________________________
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