Exhibit
10.01


EMPLOYMENT CONTRACT


Between


 


	
  Versant GmbH

  	
   

  	
   

  
	
  Wiesenkamp 22 b

  	
   

  	
   

  
	
  22359 Hamburg

  	
   

  	
  hereinafter referred to as “Versant”

  
	
  Tel.: 040/60 99
  00

  	
   

  	
   

  



 


and


 


	
  Thomas Huben

  	
   

  	
   

  
	
  Pfingstholzallee
  8

  	
   

  	
   

  
	
  21521 Aumühle

  	
   

  	
   

  
	
   

  	
   

  	
  hereinafter referred to as “Employee”

  



 


Paragraph
1


The Employee has been
employed with Versant since Oct 1, 2001. This employment contract redefines the
agreement between the parties. As of November 1, 2006 this employment contract
replaces all prior contracts and amendments between the parties.


The Employee manages the
worldwide field operations of Versant and and its parent company Versant
Corporation. His office is at Versant’s European Headquarters in 22359 Hamburg,
Wiesenkamp 22b.


Paragraph
2


There is no probationary
period. Employment can be terminated by either party by giving nine months
notice at the end of each calendar month.


In case of termination
Versant may release the Employee from his work duties while paying his
compensation for the remainder of the employment term.


Paragraph
3


Working time amounts to
40 hours. Beginning, end and division of working hours shall be in accordance
with Versant’s requirements in consultation with the Employee.


Work assigned to the
Employee by Versant shall be completed within these working hours. Any eventual
extra overtime hours shall not be specially remunerated.


Paragraph
4


The Employee shall attend
to personal business outside of working hours. Absence from work shall only be
allowed with prior consent on Versant’s part. Should this not be possible, the
Employee shall inform Versant immediately of the reasons for such absence.


Versant shall be
immediately notified of any incapacity to work on the first day of illness. At
the latest on the third day of work incapacity, the Employee shall, without any
special request to do so, attest to incapacity to work by presenting a
physician’s statement, which must also indicate the expected duration of
incapacity to work.



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Paragraph
5


Annual holiday leave
shall amount to 28 working days. The annual holiday leave must be taken by
March 31 of the following year at the latest. Holiday leave not taken by that
time lapses.


Paragraph
6


The employee has an
annual target income of EUR 250.000, which is comprised of a fixed monthly
salary and variable, success based components.


The fixed monthly salary
shall amount to EUR 9.000


The variable portion of
the Employee’s target salary shall be regulated by a special commission and
bonus plan to be issued annually by Versant.


The Employee shall have a
claim to twelve monthly salary payments within each year. The salary is
retroactive due payable on the final working day of each month. The Employee
shall be obligated, for cashless payment, to establish a bank account for
payment purposes. Salaries shall not be paid out in cash.


The employee is entitled
to a company car up to a monthly leasing fee of EUR 700. The company car may be
used for private matters.


Paragraph
7


The Employee shall comply
with Versant’s instructions and orders as far as they relate to employment.


The Employee shall
maintain the strictest confidentiality on all of Versant’s commercial and
technical matters coming to his knowledge, which shall also apply for the
period after termination of employment.


Commercial and technical
matters in the terms of this provision shall be all circumstances having even
any indirect connection with commercial operations. It shall especially apply
to the work methods applied by Versant. Commercial and working documents handed
over to the Employee by Versant shall be carefully stored, protected from
scrutiny by third parties, gnerally left on the company’s premises and shall be
returned at any time upon request. Making of copies of any kind shall not be
allowed.


Paragraph
8


Any Employee’s extra jobs
shall require Versant’s consent. Assumption of extra jobs without such consent
shall entitle Versant to immediate dismissal.


Paragraph
9


Additional benefits shall
not be considered a part of monthly remuneration, but shall constitute voluntary
employment benefits on the part of Versant, which it provides according to its
entrepreneurial discretion depending on financial conditions.


Paragraph
10


Versant shall be solely
entitled to any intellectual property rights to all work results of the Employee.
This applies in particular to documentation of work results as well as all
documents relating directly or indirectly to software, wherever such results,
documentation and documents, in whatever form, have been developed or processed
in connection with the Employee’s work for Versant.


Versant shall in
particular have exclusive usage rights, not limited in time, place or
substance, for all known or any eventually unknown methods of
commercialisation. Any claims by the Employee shall be considered to have been
remunerated with the payment of the compensation agreed in this Employment
Contract.


In case of violation of
Versant’s usage, commercialisation and intellectual property rights by the
Employee, particularly in the event that the Employee himself uses the results
of his work, or permits them to be used by third 



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parties, or divulges them
to the latter, then Versant shall be entitled to a contractual penalty of EUR
5.000 for every such infraction, with the presumption of continuous offence
being barred in the case of several violations.


Paragraph
11


Amendments to this
Contract or additional agreements or ancillary agreements must be made in
writing.


Paragraph
12


Should a provision of
this Contract be or become void, then the validity of the remaining provisions
shall not be affected thereby. Rather, the void provision shall be replaced by
another one most closely approximating its sense and purpose.


Hamburg, this day of


	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
   

  
	
  (Thomas Huben)

  	
   

  	
  Versant GmbH

  	
   

  



 



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