Manugistics User Manual

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MANUGISTICS GROUP INC - Quarterly Report (10-Q) EXHIBIT 10.32 • • • • • • • • • • • Enter your Email for a Free Trial: The following is an excerpt from a 10-Q SEC Filing, filed by MANUGISTICS GROUP INC on 7/15/1999. MANUGISTICS GROUP INC - 10-Q - 19990715 - EXHIBIT_10 EXHIBIT 10.32 Manugistics, Inc. Jefferson Street Rockville, Maryland 20852 TERMINATION OF EMPLOYMENT AGREEMENT Date Presented: May 25, 1999 This Termination of Employment Agreement ('Agreement') is entered into by Manugistics, Inc. ('Manugistics') and Ken Thompson ('you') who has been employed since July, 1983.

It is acknowledged that your last day of work will be May 28, 1999. Both you and Manugistics agree to set forth the terms and conditions upon which the employment relationship is to be terminated. You also agree that you have received valuable and sufficient consideration for entering into this Agreement.

Any payment made by Manugistics after your last day worked will only be made after there has been a signed agreement between the parties. The parties agree to the following terms: 1. Termination Date.

Your Severance Period will begin on May 29, 1999 and continue through February 25, 2000. You will not be required to perform company work during your Severance Period except as otherwise noted in this Agreement.

You will receive your current base pay and benefits during the period May 30, 1999 through November 26, 1999, a period of twenty six (26) weeks. You will receive Severance pay during this twenty six (26) week period even if you should secure employment with another employer. Your period of severance will continue from November 27, 1999 and through February 25, 2000 without pay and benefits except as provided for in paragraph 1a.

Of the AGREEMENT. Your termination of employment from Manugistics will be effective as of close of business on your Termination Date, February 25, 2000. You will vest stock options through your Termination Date. Extension of Severance Period with Pay and Benefits. In the event you have not begun full time professional employment with another employer by November 27, 1999, your severance pay and benefits will be continued through February 25, 2000 (maximum 13 weeks), or until professional employment begins with another employer, whichever occurs first.

Occasional 'spot' consulting will not be considered professional employment under the terms of paragraph 1a. Reason for Termination.

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It is mutually agreed by the parties that you have resigned your employment with Manugistics in order to secure employment that is more aligned with your career objectives and philosophy. Effective June 1, 1999, or sooner if directed by the CEO, you will discontinue your official duties and responsibilities as Executive Vice President of Manugistics, member of EXEC and officer of Manugistics. Severance Pay. Severance paychecks will be issued according to Manugistics' regular payroll procedures. As part of severance payment, you agree to provide reasonable transition assistance to Manugistics during the severance period. Manugistics may offset against any amounts due to you under this Severance Agreement: (a) all amounts due from you to Manugistics; and (b) the value of any property of Manugistics that is in your possession which is not returned to Manugistics by the Severance Date. You will receive all the benefits of employment with Manugistics that you have in force as of the date of this Agreement.

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