FORTINET, INC. AMENDMENT 1 TO CHANGE OF CONTROL SEVERANCE AGREEMENT

EX-10.1 2 ftnt-ex101_20140630xqkenxie.htm CHANGE OF CONTROL SEVERANCE AGREEMENT KEN XIE FTNT-EX10.1_2014.06.30-Q Ken Xie


Exhibit 10.1
FORTINET, INC.
AMENDMENT 1
TO
CHANGE OF CONTROL SEVERANCE AGREEMENT

This Amendment 1 to the Change of Control Severance Agreement (the “Agreement”) that was made and entered into by and between Ken Xie (“Executive”) and Fortinet, Inc. (the “Company”), effective as of August 7, 2009, is made and entered into by and between the Executive and Fortinet as of the date stated in the paragraph that immediately follows.
For all of the reasons stated in the Recitals of the Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, Executive and the Company hereby agree that the Effective Date of the Agreement is amended to be August 7, 2014 and such date shall be the defined term “Effective Date” throughout the Agreement.
Except for the amendment stated immediately above, the Agreement and its terms remain in place as-is.
IN WITNESS WHEREOF, each of the parties has executed this Amendment 1 to Change of Control Severance Agreement effective as of July 31, 2014.
COMPANY
FORTINET, INC
 
 
 
 
 
By:
/s/ John Whittle
 
Title:
Vice President, General Counsel
    


EXECUTIVE
By:
/s/ Ken Xie
 
Title:
Chairman of the Board and Chief Executive Officer