PARACHUTE AGREEMENT December 6, 2004Parachute Agreement • March 15th, 2005 • Forgent Networks Inc • Services-computer integrated systems design • Delaware
Forgent Networks Inc. (the “Company”) considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. In this connection, should the Company receive a proposal from a third party, whether solicited by the Company or unsolicited, concerning a possible sale of the Company’s NetSimplicity Software Business (as hereinafter defined), the Board of Directors of the Company (the “Board”) has determined that it is imperative that the Company be able to rely upon your continued services without concern that you might be distracted by the personal uncertainties and risks that such a proposal might otherwise entail.
