Amendment to Separation Agreement and General Release between Level 8 Systems, Inc. and Dennis McKinnie

Summary

This amendment updates the original Separation Agreement and General Release between Level 8 Systems, Inc. and Dennis McKinnie. It changes the termination date to the date of the 2001 Annual Meeting of Shareholders, specifies that severance and earned vacation will be paid in a lump sum on May 7, 2001, and confirms that regular salary continues until the new termination date. All other terms of the original agreement remain unchanged.

EX-10.28A 2 r10q-ex1028a.txt AMENDED SEPARATION AGREEMENT, DENNIS MCKINNIE EXHIBIT 10.28A May 5, 2001 VIA HAND DELIVERY Dennis McKinnie Dear Dennis: This letter shall constitute an amendment to the Separation Agreement and General Release (the "Agreement"). Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed to them in the Agreement. Section 1 of the Agreement is hereby amended to provide that the Termination Date shall be the date of the 2001 Annual Meeting of Shareholders of Level 8 Systems, Inc. Section 2a. of the Agreement is hereby amended to provide for the payment of Employee's severance in one lump sum to be paid on May 7, 2001 (the "Payment Date"). Section 2g. of the Agreement is hereby amended to provide that Employee shall also receive payment for Employee's earned vacation per the Agreement on the Payment Date. Employee's regular salary shall continue through the Termination Date. All other terms of the Agreement shall be unchanged. Sincerely, Paul Rampel President Agreed: _______________________ Dennis McKinnie Employee