Citrix 2000 Annual Report Download - page 79

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1
Exhibit 10.19
SEVERANCE AGREEMENT AND GENERAL RELEASE
This Severance Agreement and General Release ("Agreement") dated June
5, 2000 is a contract between Citrix Systems, Inc. ("Citrix") and Douglas
Wheeler ("Wheeler"), whose employment with Citrix will end as the result of his
voluntary resignation. This Agreement sets out the terms under which Wheeler's
employment with Citrix will end. The following are the terms of the Agreement:
1. SEPARATION DATE: Wheeler's employment with Citrix shall end
effective October 1, 2000 (the "Separation Date"). Wheeler recognizes that this
Agreement and its provisions will not become effective until he executes the
Agreement and delivers a signed letter of resignation ("Resignation") to Citrix
or its duly authorized representative dated as of the date hereof. Wheeler
further agrees that the payments contemplated and outlined by this Agreement
shall not be due to him until after the fully executed Agreement and Resignation
is delivered to Citrix or its duly authorized representative. Wheeler further
agrees that from and after the date hereof, Wheeler shall no longer be an
officer of Citrix and shall not hold himself out to others as an officer of
Citrix, including to Citrix employees, stockholders, suppliers or customers at
any time for any reason.
2. INTERIM PERIOD: Subject to the conditions set forth in Paragraph 3
below, the parties agree that from the date hereof and ending on the Separation
Date, Wheeler shall receive the following compensation and benefits:
(a) Wheeler shall continue to receive his base semi−monthly salary
in effect on the date Wheeler executes this Agreement, payable
in accordance with Citrix's regular payroll practices, as may be
modified from time to time.
(b) Wheeler shall be eligible to participate in qualified
retirement, group medical, accident, disability, life and health
benefit plans and any other benefits of Citrix as may be
provided and modified by Citrix from time to time, to the same
extent as, and subject to the same terms, conditions and
limitations applicable to, other employees of Citrix of similar
rank and tenure. However, Wheeler will not continue to accrue
vacation benefits after the date hereof.
(c) After the Separation Date, Citrix shall have no further
obligation to make any payments or provide any benefits to
Wheeler except as required by law or as otherwise provided for
in this Agreement.
(d) Pursuant to Citrix's stock option plans (the "Plans") and any
written stock option agreements between Wheeler and Citrix (the
"Option Agreements"), vesting of any options granted to Wheeler
by the Separation Date will cease on Separation Date. Wheeler
agrees and understands that he is bound by terms of the Option
Agreements regarding the time period after the Separation Date
within which Wheeler must exercise any vested portion of any
stock option that