Item 1.01. Entry into a Material Definitive Agreement. | ||||||||
| Item 9.01. Financial Statements and Exhibits. | ||||||||
| SIGNATURE | ||||||||
| INDEX TO EXHIBITS | ||||||||
| EXHIBIT 10.36 | ||||||||
Table of Contents
Item 1.01. Entry into a Material Definitive Agreement.
On September 20, 2006, in connection with approving the execution of an Agreement and Plan of
Merger with Innovative Technology Group, Inc. and ITG Acquisition, Inc., the Board of Directors of
Vitria Technology, Inc. approved a letter agreement with Michael D. Perry, Vitria’s Senior Vice
President, Chief Financial Officer. Pursuant to the letter agreement, in the event Mr. Perry is
the subject of a Covered Termination in 2007 under the Vitria Technology, Inc. Key Employee
Retention and Severance Plan, adopted on January 22, 2002, Mr. Perry shall receive pursuant to
Section 2.2.1 thereof not less than $125,000 less any amount that Mr. Perry has received for his
2006 target bonus or incentive payment.
A copy of the letter agreement is filed herewith as Exhibit 10.36.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | ||
| Number | Description | |
10.36
|
Letter Agreement, by and between Vitria Technology, Inc. and Michael D. Perry. |
