Memorandum of Amendment to Employment Agreement between Critical Path, Inc. and Mark Palomba (May 7, 2007)

Summary

This amendment to Mark Palomba's employment agreement with Critical Path, Inc. confirms that if he is terminated without cause, he will receive an increased severance benefit—now totaling up to 12 months of base salary. All other terms of his original employment agreement remain unchanged. The amendment is effective as of May 7, 2007, and requires Mark Palomba's acknowledgment by signature.

EX-10.1 2 dex101.htm MAY 7, 2007 MEMORANDUM OF AMENDMENT TO EMPLOYMENT AGREEMENT, MARK PALOMBA May 7, 2007 Memorandum of Amendment to Employment Agreement, Mark Palomba

Exhibit 10.1


				Critical Path, Inc.
				Two Harrison Street
				Second Floor
				San Francisco, CA 94105

MEMORANDUM


Date:		May 7, 2007

To:		Mark Palomba

From:		Michael Plumleigh, General Counsel and Secretary

Re:		Confirmation of Severance upon Termination

On behalf of the Company and the Board of Directors, I am pleased to confirm the Compensation Committee’s approval of the following severance compensation: to the extent you are terminated for any reason without Cause (as defined in your employment agreement with the Company), you will receive, upon termination, an increase of 3 months of severance benefit to a total not to exceed 12 months of base salary.

To the extent necessary, your Agreement is hereby deemed amended, effective as of the date hereof, consistent with the foregoing. All other provisions of your Agreement remain in full force and effect.

Please acknowledge the foregoing by signing the enclosed copy below and returning it to the Company. The original is for your records.


Acknowledged:
/s/ Mark Palomba
Mark Palomba
Dated: May 8, 2007