Severance Agreement between Davox Corporation and Anthony A. Colangelo

Summary

This agreement between Davox Corporation and Anthony A. Colangelo, Executive Vice President - Global Sales, outlines severance terms if his employment ends due to economic layoff, organizational changes, or required relocation. If terminated for these reasons, Colangelo will receive his base salary and medical benefits for six months after termination. These benefits are contingent on his compliance with company policies, especially regarding confidential information. Davox retains the authority to interpret the agreement and determine eligibility for benefits.

EX-10.16 7 0007.txt SEVERANCE AGREEMENT FOR ANTHONY A. COLANGELO EXHIBIT 10.16 DAVOX CORPORATION EXECUTUVE VICE PRESIDENT - GLOBAL SALES SEVERANCE AGREEMENT DAVOX Corporation ("DAVOX") will provide to you the following terms and condition of salary and benefits continuation: (1.) DAVOX shall provide a continuation of your base salary and medical benefits at DAVOX's cost, as may be in effect at the time of a qualifying termination as set forth in subclause 2, commencing upon the date of termination, for a period of six (6) months. (2.) DAVOX shall provide continuation of salary and benefits as set forth in subclause (1) in the event your employment is terminated for the following reasons: (a) economic layoff; (b) merger, acquisition or downsizing of the Sales organization which results in the elimination of your position as Executive Vice President Global Sales; or (c) reorganization of the Sales organization which would require you to relocate. Following the effective date of termination, as set forth in writing and furnished to you by DAVOX, your employment with DAVOX shall cease and you shall not hold yourself as an employee, agent, or representative of DAVOX. Continuation of salary and benefits shall further be subject to your compliance with any then existing company policies and such other terms as may be in effect between you and DAVOX pertaining to the disclosure of confidential or proprietary information. DAVOX has final authority to determine all questions of eligibility to receive benefits under this arrangement and to interpret and construe the terms of this arrangement. Approval: /s/ David M. Sample March 1, 2001 ------------------- ------------- President and Chief Executive Officer Date /s/ Anthony A. Colangelo March 1, 2001 ------------------------ ------------- Executive Vice President - Global Sales Date