Attached files

file filename
EX-10.4 - EXHIBIT 10.4 - QAD INCex10_4.htm
EX-10.2 - EXHIBIT 10.2 - QAD INCex10_2.htm
EX-10.1 - EXHIBIT 10.1 - QAD INCex10_1.htm
EX-32.1 - EXHIBIT 32.1 - QAD INCex32_1.htm
EX-31.2 - EXHIBIT 31.2 - QAD INCex31_2.htm
EX-32.2 - EXHIBIT 32.2 - QAD INCex32_2.htm
EX-31.1 - EXHIBIT 31.1 - QAD INCex31_1.htm
10-Q - QAD INC 10-Q 4-30-2011 - QAD INCform10q.htm

Exhibit 10.3


QAD Inc., a Delaware corporation, with its principal offices located at 100 Innovation Place, Santa Barbara, California 93108 ("QAD"), and Daniel Lender, residing at XXXX ("Employee"), hereby acknowledge and agree that all severance benefits, as described in Employee's offer letter of October 10, 2008, are provided under and are subject to the terms and conditions of the Executive Termination Policy as approved by QAD Inc.'s Board of Directors and in effect as of December 18, 2008 (the "Policy"), but that any benefits provided to Employee pursuant to such Policy shall be for a period of twelve (12) months instead of six (6) months.
/s/ Daniel Lender
/s/ Murray Ray
Daniel Lender 
Murray Ray
CPO & EVP, Human Resources
    QAD Inc.
 Dated:  December 18, 2008     Dated:  December 18, 2008