EX-10.1 2 k61177ex10-1.txt EMPLOYMENT AGREEMENT B/W MICHAEL E. KORYBALSKI 1 EXHIBIT 10.1 SEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT THIS SEVENTH AMENDMENT, made as of the 1st day of March, 2001, by and between MECHANICAL DYNAMICS, INC., a Michigan corporation (the "Company"), having offices located at 2300 Traverwood Drive, Ann Arbor, Michigan 48105, and MICHAEL E. KORYBALSKI, of Ann Arbor, Michigan ("Employee"), for the purpose of amending that certain Employment Agreement between the Company and Employee dated as of April 1, 1994, and amended by agreements dated as of March 1, 1995, as of March 1, 1996, as of March 1, 1997, as of March 1, 1998, as of March 1, 1999, and as of March 1, 2000 (collectively, the "Employment Agreement"). WITNESSETH: WHEREAS, the Company and Employee desire to extend the Employment Agreement for an additional one-year period. NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants contained herein and in the Employment Agreement, the parties hereto agree as follows: A. Section 2 of the Employment Agreement is hereby amended to extend the term of said Agreement through March 31, 2004. B. Except as expressly modified herein, the Employment Agreement shall remain in full force and effect in accordance with its terms. IN WITNESS WHEREOF, the parties hereto have duly executed this Seventh Amendment as of the day and year first above written. WITNESS: COMPANY MECHANICAL DYNAMICS, INC. /s/ Linda K. Moore By: /s/ Robert R. Ryan ------------------------------ ----------------------------- Robert R. Ryan, President EMPLOYEE /s/ Linda K. Moore /s/ Michael E. Korybalski ------------------------------ ----------------------------- Michael E. Korybalski