Commuting Expense Reimbursement Agreement between Vignette Corporation and Leo Brunnick (September 20, 2006)
Vignette Corporation agrees to reimburse Leo Brunnick, its Senior Vice President of Research and Development, for actual and reasonable commuting expenses incurred between August 7, 2006, and December 31, 2006, up to $13,500. The agreement excludes relocation expenses and requires Brunnick to submit expense reports for each trip, following Vignette's travel policy. Vignette will also cover any income taxes resulting from these payments. Brunnick's primary work location remains Austin, and he is expected to maximize his presence there during normal work hours.
Exhibit 10.3
September 20, 2006
Mr. Leo Brunnick
Senior Vice President of Research and Development
907 Baltimore
El Paso, Texas 79902
Dear Leo:
This letter sets forth the details of Vignette’s agreement to provide you with financial assistance regarding your commuting expenses beginning from the time of your move from Austin to El Paso on August 7, 2006 and continuing until 12/31/2006 (the Covered Period).
Vignette agrees to reimburse you for your actual and reasonable commuting expenses during the Covered Period up to a maximum of $13,500.00 in expenses. Relocation related expenses are specifically excluded. Vignette will also gross up the amount paid in expenses to cover income taxes due on the payments. You will be required to submit individual commuting expense reports for each trip. All expenses are subject to the usual Vignette Travel policy and will include coach airfare or mileage, accommodation, meals and transportation.
As we have discussed, your primary work location remains Austin so it is our expectation that you will maximize your presence in the Austin office during normal work hours except for when you are traveling on business.
Please sign below indicating your agreement to the terms of this letter.
| Sincerely, |
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| Michael A. Aviles |
| President and CEO |
| Vignette Corporation |
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| Leo Brunnick |
1301 South MoPac Expressway, Suite 100 : Austin, TX 78746
Toll-free: 1 ###-###-#### : Fax: 1 ###-###-####
www.vignette.com
