BOTTOMLINE TECHNOLOGIES (de), INC. Executive Retention AgreementExecutive Retention Agreement • February 8th, 2007 • Bottomline Technologies Inc /De/ • Services-prepackaged software • New Hampshire
THIS EXECUTIVE RETENTION AGREEMENT (the “Agreement”) by and between Bottomline Technologies (de), Inc., a Delaware corporation (the “Company”), and Kevin Donovan (the “Executive”) is made as of November 16, 2006 (the “Effective Date”) and supersedes the executive retention agreements executed on October 4, 2006.
November 16, 2006 Mr. Robert A. Eberle North Hampton, NH 03862 Dear Rob:Employment Agreement • February 8th, 2007 • Bottomline Technologies Inc /De/ • Services-prepackaged software
Reference is made to your Amended and Restated Employment Agreement with Bottomline Technologies (de), Inc. (the “Company”) dated as of November 21, 2002 and amended as of September 30, 2005 (the “Agreement”). In all respects, the Agreement shall remain in full force and effect, provided, however, that:
November 16, 2006 Mr. Peter S. Fortune 39A St. Peters Avenue Caversham Reading RG4 7DH United Kingdom Dear Pete:Executive Retention Agreement • February 8th, 2007 • Bottomline Technologies Inc /De/ • Services-prepackaged software
Reference is made to your Executive Retention Agreement with Bottomline Technologies (de), Inc. (the “Company”) dated as of October 10, 2005 (the “Agreement”). In all respects, the Agreement shall remain in full force and effect, provided, however, that:
November 16, 2006 Mr. Joseph L. Mullen Greenland, NH 03840 Dear Joe:Employment Agreement • February 8th, 2007 • Bottomline Technologies Inc /De/ • Services-prepackaged software • New Hampshire
This letter agreement (the “Letter Agreement”) sets forth the terms on which you and Bottomline Technologies (de), Inc. (the “Company”) agree that you will be employed by the Company. Except as provided in Section 4 below, from this date forward this Letter Agreement shall supersede and replace your Amended and Restated Employment Agreement, dated as of November 21, 2002, as amended by your letter agreement dated as of September 30, 2005 (as amended, the “Employment Agreement”). This Letter Agreement shall not in any manner whatsoever affect your position on the Board of Directors of the Company.
