A.D.A.M. SOFTWARE, INC.
SEVERANCE AGREEMENT
THIS SEVERANCE AGREEMENT (this "Agreement"), dated as of January 25, 1996, is made by David A. Tranberg, an individual resident of the State of Georgia (the "Executive"), and A.D.A.M. Software, Inc., a Georgia Corporation (the "Company").
The purpose of this Agreement is to set forth the mutual understandings of the Executive and the Company in the event of a termination of Executive's employment by the Company without "Good Cause" (as defined below).
1. If the Executive's employment with the Company is terminated for any
reason other than (1) Good Cause (as defined below), or (2) the voluntary
termination by Executive of his employment, then, if such termination
occurs at any time, Executive will be entitled to receive one year's
base salary and bonus (if earned) as severance. In addition, the
Company shall permit the Executive, at his own cost, to continue to
participate in health benefit plans in accordance with the provisions of
the COBRA legislation passed by Congress.
2. It is expressly understood and agreed that Executive will only be
required to perform services as an employee and officer of the Company at
the Company's facilities at 1600 RiverEdge Parkway or such other location
of the principal executive offices of the Company in the Atlanta
metropolitan area as the Board of Directors of the Company may designate.
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