Severance Agreement - Broadway & Seymour Inc. and Keith B. Hall
[BROADWAY & SEYMOUR LOGO]
128 South Tryon Street
Charlotte, NC 28202
704-372-4281
800-274-9287
February 18, 1999
Keith B. Hall
19309 Peninsula Shores Drive
Cornelius, NC 28031
Dear Keith:
As you know, Broadway & Seymour, Inc. ("BSI") is currently considering various
strategic alternatives, including the sale of the Charlotte customer
relationship management business (the "Proposed Transaction").
This is to confirm our agreement that in the event the Proposed Transaction is
consummated, you may elect, at any time within the 90 day period following the
closing of the Proposed Transaction, to resign your employment with BSI and
receive two times (i) your annual base salary as in effect immediately prior to
the date of resignation and (ii) the aggregate amount of cash bonuses paid to
you in respect of the most recent fiscal year. At BSI's option, you shall
provide consulting services on a part-time or full-time basis for up to 90 days
following such resignation for which you shall be paid at a rate no less than
the annual base salary as in effect immediately prior to the date of
resignation.
Very truly yours,
BROADWAY & SEYMOUR, INC.
By: /s/ Alan C. Stanford
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Alan C. Stanford
Chairman and Chief Executive Officer
Acknowledged and agreed to
as of the 22nd day of Feb., 1999:
/s/ Keith B. Hall
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Keith B. Hall
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