Modification to Employment Agreement between LivePerson, Inc. and Timothy E. Bixby (April 1, 2003)

Summary

LivePerson, Inc. and Timothy E. Bixby have agreed to modify their original employment agreement dated June 23, 1999. The changes specify that if Mr. Bixby's employment ends without cause or through constructive discharge, he will receive his base salary and benefits for twelve months after termination. Additionally, the definition of constructive discharge is changed to remove the clause related to the removal of Robert LoCascio as President or CEO. All other terms of the original agreement remain unchanged.

EX-10.2.1 7 ex10_21.htm EXHIBIT 10.2.1 Exhibit 10.2.1

Exhibit 10.2.1


MODIFICATION TO EMPLOYMENT AGREEMENT

         As of this 1st day of April, 2003, LivePerson, Inc. (“LivePerson”) and Timothy E. Bixby (“Executive”) agree to modify their June 23, 1999 Employment Agreement (the “Agreement”) as follows:

         1.       Section VIII, “Effect of Termination of Employment,” Paragraph A, shall be modified to provide that, if the Executive’s employment terminates due to either a Without Cause Termination or a Constructive Discharge (as defined in the Agreement), LivePerson will continue to pay the Executive his Base Salary and benefits (as defined in the Agreement) for a period of twelve (12) months following such Termination or Constructive Discharge.

         2.       Section VIII, “Effect of Termination of Employment,” Paragraph D(ii), shall be modified to delete the provision that states “Constructive Discharge shall also mean the removal of Robert LoCascio as President or CEO of the Company.”

         All other provisions of the Agreement shall remain in full force and effect.



/s/ TIMOTHY E. BIXBY
Dated:  4-1-03
Timothy E. Bixby  



LIVEPERSON, INC.
 
By:  /s/ ROBERT LOCASCIO
Dated:  4-1-03