This excerpt taken from the CTXS DEFA14A filed May 15, 2009.
TO BE HELD ON MAY 29, 2009
This supplement, dated May 15, 2009, supplements the proxy statement filed with the Securities and Exchange Commission on April 17, 2009, relating to the Annual Meeting of Stockholders of Citrix Systems, Inc. (the Company) to be held on Friday, May 29, 2009 at 9:00 a.m. PT, at the Companys offices at 4988 Great America Parkway, Santa Clara, California 95054. The purpose of this supplement is to provide information about a recent change in the Companys policy regarding change-in-control severance payments.
On May 14, 2009, the Compensation Committee adopted a policy that effective immediately the Company will not enter into any new agreements, or materially amend any existing agreements, with its executive officers that provide the executive officer with severance payments following a change in control of the Company, except in the case of a double-trigger termination event (i.e., upon the termination of the executives employment without cause or for good reason following a change in control).