Amendment to Employment Agreement between Peregrine Systems, Inc. and Ken Saunders
This amendment updates the employment agreement between Peregrine Systems, Inc. and Ken Saunders. Effective November 1, 2004, Ken Saunders will assume the roles of Executive Vice President and Chief Financial Officer. All other terms of the original employment agreement, dated July 20, 2004, remain unchanged. Both parties have agreed to this amendment as of October 29, 2004.
Exhibit 10.1
October 29, 2004
Mr. Ken Saunders
30862 Steeplechase Drive
San Juan Capistrano, CA 92675
RE: Amendment to Employment Agreement
Dear Ken:
This letter sets forth the agreement between you and Peregrine Systems, Inc. (the “Company”) to amend the terms of the letter agreement between you and the Company, dated July 20, 2004 (the “Employment Agreement”), as set forth herein.
Effective as of October 1, 2004, the Employment Agreement is hereby amended such that the last sentence of the introductory paragraph of the Employment Agreement is deleted in its entirety and replaced with the following:
“Additionally, effective on November 1, 2004 you will become the Executive Vice President and Chief Financial Officer.”
Other than as set forth herein, the terms and conditions of your Employment Agreement shall remain unchanged and in full force and effect. Please acknowledge your agreement with the foregoing by executing this letter in the space provided below.
|
| Sincerely, | ||
|
|
| ||
|
| /s/ John Mutch |
| |
|
| John Mutch | ||
|
| Chief Executive Officer | ||
|
|
| ||
| Acknowledged and agreed |
| ||
| to as of October 29, 2004 |
| ||
|
|
| ||
|
|
| ||
| /s/ Ken Saunders |
|
| |
| Ken Saunders |
| ||
