Exhibit 10.81**EMPLOYMENT AGREEMENT**     This AGREEMENT (the “Agreement”) is made as of February 28, 2007 (the “EffectiveDate”), by and between Business Objects Americas, a Delaware corporation (the“Company”), and Susan Wolfe (the “Executive”).     **WHEREAS**, the Company desires to continue the employment of the Executive for a transitionaryperiod on a part time basis while it searches for a new general counsel and to help integrate thenew general counsel into his or her position;     **WHEREAS**, the Executive desires to be employed by the Company to help with such transition.     **NOW THEREFORE**, in consideration of the mutual covenants contained in this Agreement, theCompany and the Executive agree that the Executive shall be employed by the Company in accordancewith the following terms and conditions:          1.     Duties and Scope of Employment.                  a.     Position and Duties. As of the Effective Date, the Executive will serve as an adviserto the Company. The Executive shall assist the Company in hiring a new general counsel andconsulting with the new general counsel to assist in the integration of the new general counselinto the Company. In addition, the Executive shall consult with the ethics counsel, if requestedby the general counsel or interim general counsel. The Executive shall report to the generalcounsel or interim general counsel, as applicable; provided that with respect to hiring a newgeneral counsel, Executive will work directly with the Chief Executive Officer of the Company andthe Board of Directors of the Company.                  b.     Business Hours. Executive shall make herself available for up to fifteen (15) hoursper week between the hours of 2 pm and 5 pm each business day (the “Business Hours”). Upon mutualagreement between the parties, Executive may be available for additional hours or at differenttimes.                  c.     Location. Executive shall be available by phone during the Executive’s Business Hoursand will, with prior notice, during Executive’s Business Hours, attend meetings in person at theCompany’s offices in Santa Clara County.                  d.     Term. This transitional employment shall terminate three (3) months after theEffective Date unless the parties mutually agree to renew Executive’s employment for an additionalthree (3) month term. Either party may terminate Executive’s employment prior to the end of theterm without notice.          2.     At-Will Employment. The parties agree that the Executive’s employment with theCompany is an “at-will” employment and may be terminated by either party at any time for any or noreason and with or without prior notice. The Executive understands and agrees that neither her jobperformance nor promotions, commendations, bonuses or the like from the Company give rise to, or inany way serve as the basis for, modification, amendment, or extension, by implication or otherwise,of her employment with the Company. The “at-will” nature of the Executive’s employment may only bechanged by written agreement of the Executive and a duly authorized member of the Board.
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Exhibit 10.81          3.     Compensation.                  a.     Compensation. The Company shall pay Executive on an hourly basis of $400 per hour forExecutive’s services. The Company shall pay Executive promptly after Executive has submittedExecutive’s hours worked. Executive shall submit hours worked every two weeks. All compensationpaid to Executive shall be subject to all required withholding and any payroll deductions electedby the Executive.                  b.     Stock Options and Restricted Stock Units. All outstanding stock options andrestricted stock units shall remain outstanding and continue to vest during Executive’s employmentunder the terms of this Agreement. Upon the termination of Executive’s employment, the Executivemay exercise the vested portion of the outstanding stock options pursuant to the terms of theapplicable stock option agreements. Regardless of whether Executive is still performing servicesas of that date, the options and restricted stock units shall terminate in their entirety onDecember 31, 2007; provided, however, if Executive’s employment terminates earlier, Executive’soptions and restricted stock units shall terminate earlier in accordance with the terms of theapplicable stock option or restricted stock unit agreements, as the case may be. In no event shallExecutive’s period to exercise her outstanding stock options or vest in her restricted stock unitsbe extended beyond the terms set forth in the applicable stock option or restricted stock unitagreements, as the case may be.                  c.     Benefits. The Executive will be entitled to participate in or receive any fringebenefit, retirement, health and welfare, and other employee benefit plans, policies, orarrangements maintained by the Company for its employees in effect from time to time in which theExecutive is eligible to participate, subject to the applicable terms and conditions of theparticular benefit plan or policy and/or the determination of the Board, as applicable.                  d.     Vacation. As of the Effective Date, the Executive will no longer accrue any vacationtime. The Company shall pay out any accrued vacation in the first payroll after February 28, 2007.          4.     Expenses. During the Employment Period, the Company will reimburse the Executive forreasonable travel, entertainment or other expenses incurred by the Executive in the furtherance ofor in connection with the performance of the Executive’s duties hereunder, in accordance with theCompany’s expense reimbursement policy as in effect from time to time.          5.     Confidential Information. The Executive agrees and acknowledges that Executive isstill subject to the Company’s standard form of Confidential Information and Inventions AssignmentAgreement.          6.     Section 409A.                  a.     Amendment. It is the Company’s intention that the benefits and rights to which theExecutive could become entitled to in connection with this Agreement, including any termination ofemployment, comply with Section 409A of the Code. If the Executive or the Company believes, at anytime, that any such benefit or right does not comply, it will promptly advise the other and bothparties will negotiate reasonably and in good faith to amend the terms of this Agreement so that itcomplies with Section 409A of the Code in the manner that has the most limited possible economiceffect on the Executive.
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Exhibit 10.81                  b.     Actions. The Company will not take any action that would expose anypayment or benefit to the Executive to accelerated or additional tax under Section 409A of theCode, unless (i) the Company is obligated to take the action under an agreement, plan orarrangement to which the Executive is a party; (ii) the Executive requests the action; or (iii) theCompany advises the Executive in writing that the action may result in the imposition ofaccelerated or additional tax under Section 409A of the Code and the Executive subsequentlyrequests in writing that the action be taken. The Company will hold the Executive harmless for anyaction it may take in violation of this paragraph, including any attorney’s fees that the Executivemay incur in enforcing her rights hereto.          7.     Assignment. This Agreement will be binding upon and inure to the benefit of (a) theheirs, executors and legal representatives of the Executive upon the Executive’s death and (b) anysuccessor of the Company. Any such successor of the Company will be deemed substituted for theCompany under the terms of this Agreement for all purposes. For this purpose, “successor” meansany person, firm, corporation or other business entity that at any time, whether by purchase,merger or otherwise, directly or indirectly acquires all or substantially all of the assets orbusiness of the Company. None of the rights of the Executive to receive any form of compensationpayable or any obligations of the Executive pursuant to this Agreement may be assigned ortransferred, except, with respect to compensation, by will or the laws of descent and distribution.Any other attempted assignment, transfer, conveyance or other disposition of the Executive’s rightto compensation or other benefits shall be null and void.          8.     Notices. All notices, requests, demands and other communications called for hereundershall be in writing and shall be deemed given (i) on the date of delivery if delivered personally,(ii) one (1) day after being sent by a well established commercial overnight service, or (iii) four(4) days after being mailed by registered or certified mail, return receipt requested, prepaid andaddressed to the parties or their successors at the following addresses, or at such other addressesas the parties may later designate in writing:If to the Company:Business Objects Americas