Exhibit 10.19
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT is made as of the 17th day of January 2002 (the
"Effective Date"), by and between Xxxxx Xxxxxxx (the "Employee"), and Citrix
Systems, Inc., a Delaware Corporation with a principal place of business at 0000
XX Xxxxx Xxx, Xxxx Xxxxxxxxxx, Xxxxxxx 00000 ("Citrix" or the "Company").
WHEREAS, the Employee and Citrix entered into a certain Employment
Agreement, dated August 1, 2001 (the "Agreement") pursuant to which the Employee
was employed by Citrix as an Employee Advisor;
WHEREAS, the Employee and the Company now desire by mutual agreement to
amend the Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in consideration of the mutual
covenants and obligations herein contained, the parties hereto agree as follows:
1. The Agreement is hereby amended by voiding Section 6 of the
Agreement and replacing it with the following new Section 6:
"6. POST-TERMINATION BENEFITS. Upon termination and non-renewal of this
Agreement and the termination of Employee's employment,
(a) Company agrees to pay Employee a one-time lump sum payment of
$36,600, payable in accordance with the Company's regular practices, as such
practices may be modified from time to time.
(b) Employee agrees to elect health care continuation coverage under
COBRA, which coverage generally will extend for 18 months, or as may otherwise
be required under COBRA. Employee will pay the standard COBRA premium for such
coverage, which generally may not exceed 102% of the Company's cost of such
coverage.
At the end of the COBRA continuation period, the Company will provide
Employee with extended health care coverage equivalent to the coverage provided
under the Company's health care plan for active employees, as such Plan shall be
amended from time to time. Employee shall pay the Company for such coverage
based upon the COBRA cost for equivalent coverage that would be charged to an
active employee who elected coverage following a qualifying event under COBRA.
Employee shall also be entitled to purchase dependent coverage to the same
extent as if Employee were still covered under COBRA.
The extended coverage referred to in the preceding paragraph will
terminate upon the earliest to occur of the following events: (1) Employee
becomes eligible under Medicare; (2) Employee reaches the age of 65; or (3)
Employee fails to pay the required
premium after reasonable notice. If any of the foregoing occurs prior to the end
of the period of actual COBRA coverage, Employee shall not be entitled to
purchase extended coverage.
2. Employee and Citrix agree that the Agreement shall remain in full
force and effect in accordance with its terms, except as specifically modified
in this Amendment. The Agreement, as herein amended, is hereby ratified and
confirmed.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first above written.
CITRIX SYSTEMS, INC.
By:
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EMPLOYEE:
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Xxxxx Xxxxxxx
