0000950123-09-051267 Sample Contracts

EMPLOYEE RETENTION AND MOTIVATION AGREEMENT (Amended and Restated as of October 13, 2009)

Employee Retention and Motivation Agreement • October 19th, 2009 • Progress Software Corp /Ma • Services-prepackaged software • Massachusetts

• Contract Type
  Employee Retention and Motivation Agreement
• Filed
  October 19th, 2009
• Company
  Progress Software Corp /Ma
• Industry
  Services-prepackaged software
• Jurisdiction
  Massachusetts

This agreement (the “Agreement”) is effective as of October 13, 2009 (the “Agreement Date”) by and between Richard Reidy (the “Covered Person”) and Progress Software Corporation, a Massachusetts corporation (the “Company”).

SEVERANCE AGREEMENT

Severance Agreement • October 19th, 2009 • Progress Software Corp /Ma • Services-prepackaged software • Massachusetts

• Contract Type
  Severance Agreement
• Filed
  October 19th, 2009
• Company
  Progress Software Corp /Ma
• Industry
  Services-prepackaged software
• Jurisdiction
  Massachusetts

THIS SEVERANCE AGREEMENT (this “Agreement”) is made as of this 13th day of October 2009, between Progress Software Corporation, a Massachusetts corporation (the “Company”) and Richard D. Reidy (the “Executive”).