Exhibit 10.1
AMENDMENT TO AMENDED AND RESTATED
CHANGE-IN-CONTROL SEVERANCE AGREEMENT
THIS AMENDMENT, dated
as of June 1, 2010, by and between SeaChange International, Inc., with its principal place
of business at 50 Nagog Park, Acton, MA 01720 (the “Company”) and William C.
Styslinger, III (the “Executive”).
WHEREAS, the Company
and the Executive have entered into an Amended and Restated Change-In-Control
Severance Agreement dated as of December 21, 2009 (the
“Agreement”);
WHEREAS, in
recognition of the substantial value provided by the services of Mr. Styslinger
to the Company, it is desired to amend the benefits payable to Mr. Styslinger
pursuant to the Agreement;
NOW, THEREFORE, in
consideration of the mutual covenants and agreements hereinafter contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Executive agree as follow:
1. Section 2.2(a) of the Agreement is deleted in its entirety and the
following is substituted in its place:
“(a) the Company shall pay to the Executive an amount equal to the sum of
(i) three times the Executive’s Base Salary and (ii) the Executive’s Annual
Bonus;”
2. In all other respects, the Agreement shall remain in full force and
effect.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the undersigned have
caused this instrument to be executed as of the day and year first set forth
above.
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SEACHANGE INTERNATIONAL, INC. |
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By: |
/s/ Kevin M. Bisson |
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Name: Kevin M. Bisson |
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Title: Chief Financial Officer |
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/s/ William C.
Styslinger, III |
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William C. Styslinger, III,
Individually |
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