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Document

Exhibit 10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of this 1st day of October, 2020 by and between MIX TELEMATICS NORTH AMERICA, INC. (“MiX Telematics”), and Paul Dell (the “Employee”).  MiX Telematics and the Employee are collectively referred to herein as the “Parties.”  MiX Telematics is a subsidiary of MiX Telematics Limited, and together with all subsidiaries and affiliates will hereafter collectively be referred to as the “MiX Group”.
Recitals

WHEREAS, MiX Telematics has employed the Employee as Group Chief Accounting Officer/Americas Chief Financial Officer and the Employee desires to accept such employment with MiX Telematics, subject to the terms and conditions of this Agreement.

NOW THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements contained in this Agreement, in addition to other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to the following terms and conditions:

Terms and Conditions

1.Employment Period. MiX Telematics agrees to employ the Employee and the Employee agrees to accept employment with MiX Telematics, subject to the terms and conditions of this Agreement.  The Employee’s employment pursuant to this Agreement commenced on June 1, 2019 (the “Effective Date”) and may be terminated hereafter by either party at any time, consistent with Section 11 below.  (The period of the Employee’s employment with MiX Telematics from the Effective Date through the date of termination shall be referred to herein as the “Employment Period”). 

2.Position and Responsibilities of the Employee.

        a.    During the Employment Period, the Employee will serve as the Group Chief Accounting Officer/Americas Chief Financial Officer (the “Position”) and will perform such duties as are customary of this Position in the industry in which MiX Telematics transacts business, including, but not limited to the following (collectively, the “Services”):

a.Report to and execute the orders and directions of the MiX Telematics Chief Operating Officer and MiX Telematics Chief Financial Officer, carry out such functions and duties as are from time to time assigned to him and are consistent with his Position, and use his utmost endeavours to protect and promote the business and interests of the MiX Group and to preserve its reputation and goodwill;

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b.Not engage in activities which would detract from the proper performance of the Employee’s duties;

c.Use the Employee’s best endeavours to promote and extend the business of the MiX Group.

b.    During the Employment Period, the Employee shall obey all lawful directions of MiX Telematics and implement and abide by any and all company policies and procedures as may be in effect from time to time.
c.    During the Employment Period, the Employee shall devote all of the Employee’s business time and efforts to the performance of the Services.  Accordingly, the Employee will not accept other employment while employed by MiX Telematics unless prior written approval is provided by MiX Telematics Limited’s Nominations and Remuneration Committee.  Further, during the Employment Period, the Employee may not serve on the board of directors or act as a paid consultant to any other entity, except for non-profit philanthropic entities approved by the MiX Telematics Limited Board of Directors (“MiX Board”).

d.    During the Employment Period, the Employee shall immediately inform MiX Telematics of any change in the Employee’s personal affairs that has or may have any material effect on MiX Telematics’ rights under this Agreement or the Employee’s ability to perform the Services.

3.Business Expenses.  MiX Telematics will reimburse the Employee for the cost of meals, travel and other expenses reasonably and necessarily incurred for business purposes upon timely submission of receipts verifying the cost of such expenses in accordance with and upon the terms and conditions set forth in the “MiX Telematics Travel Policy and Expense Reimbursement” procedure.  The Employee shall have all business expenses above pre-approved levels approved in compliance with the “MiX Telematics Approvals Framework”.   

4.MiX Telematics’ Agreements.  During the course of Employee’s employment by MiX Telematics, MiX Telematics agrees: (i) to provide the Employee with specific specialized training with regard to MiX Telematics’ Business (as that term is defined below); (ii) to provide the Employee with access to its Confidential Information (as defined herein); and (iii) to provide the Employee with Confidential Information about and the opportunity to develop relationships with, the MiX Group’s employees, customers, and its customers’ employees and agents.  The Employee acknowledges that the Employee could not effectively perform the Employee’s duties without such training, Confidential Information and relationships.

5.Compensation and Benefits.
 
a.    Compensation.  During the Employment Period, the Employee shall be entitled to the following compensation as the Employee’s sole consideration for the Services rendered under the Agreement:
    
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i.    Base Salary.     Beginning on the Effective Date of this Agreement and continuing throughout the Employment Period, the Employee shall receive a “Base Salary” of Two Hundred Thousand Nine Hundred and Seventy Dollars ($200,970) (less applicable withholdings and statutory deductions).  The Base Salary will be pro-rated for the last month of the Employment Period if employment ends other than on the last day of a month.  The Employee’s Base Salary shall be paid in accordance with the regular payroll practices of MiX Telematics, currently semimonthly, but in no event less frequently than monthly.  The Base Salary may be upwardly adjusted from time to time by MiX Telematics Limited’s Nominations and Remuneration Committee, at their sole discretion, without the need for the Parties to amend this Agreement.  

ii.    Annual Bonus.  The Employee shall be eligible to earn an annual bonus equal to fifty percent (50%) of the Employee’s Base Salary based on both the Employee’s individual performance and MiX Telematics’ performance, subject to approval by MiX Telematics Limited’s Nominations and Remuneration Committee.  Furthermore, this bonus will not be capped and could exceed fifty percent (50%) where the Employee’s individual performance and MiX Telematics’ performance exceeds set targets.   MiX Telematics will pay the bonus, if any, on a bi-annual basis.  The annual bonus plan and targets will be shared following completion of the MiX Group’s fiscal year. 
b.    Benefits.  During the Employment Period, the Employee shall be entitled to participate in or receive benefits under a life insurance, health and accident plan or arrangement or other benefits made available from time to time by MiX Telematics to its employees, subject to, and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements.  MiX Telematics shall have no obligation to provide any such plans or arrangements to its employees or to continue any such plans or arrangements in effect from time to time. The Employee shall also receive the following additional benefits during the Employment Period:
i.Vacation and Sick Time.  In accordance with the terms of MiX Telematics’ Vacation Policy, the Employee shall be entitled to paid vacation days (twenty days (20) days) each service year, to be taken at times mutually convenient to the Employee and MiX Telematics.  Additionally, in accordance with MiX Telematics’ Sick Leave Policy, the Employee shall be entitled to ten (10) days of paid sick leave each service year.

ii.401(k).    The employee shall be eligible to participate in MiX Telematics’ 401(K) Plan in accordance with the Plan’s eligibility terms. As a participant in the Plan, the Employee will generally be eligible to make salary deferral contributions and receive employer matching contributions, subject to the terms of the MiX Telematics 401(K) Plan document.

iii.Green Card.  MiX Telematics will sponsor and pay for the Employee and Employee’s spouse’s Green Cards.  In return, the Employee will remain with MiX Telematics until at least May 31, 2022.  Failure to do so will result in the Employee reimbursing MiX Telematics for all expenses incurred in relation to obtaining the Green Cards for both the Employee and Employee’s spouse.
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c.    Payments Due Upon Termination.  Upon termination of the Employee’s employment, the Employee will only be entitled to receive Base Salary and bonuses earned through the termination date and, to the extent the conditions outlined in MiX Telematics’ Vacation Policy are met, payment for vacation time which is accrued and unused as of the termination date. Any accrued but unpaid business and travel expenses required to be reimbursed in accordance with the Company’s Travel and Expense policy will also be paid upon termination. Any amounts due to the employee upon termination of employment will be paid within thirty (30) days of the actual termination date.

d.    Long-Term Incentive Plan (“Plan”). The Employee will be eligible to participate in and receive awards under the MiX Telematics Long-Term Incentive Plan for the period of time stipulated in the said Plan. The incentive award will be commensurate with the Employee’s Position in the MiX Group, subject to the terms of the Plan, as implemented by MiX Telematics Limited from time to time. 

e.    Indemnification. MiX Telematics shall indemnify the Employee in accordance with, and subject to, the terms of the indemnification agreement which the Parties have negotiated in good faith and executed under a separate agreement. Notwithstanding anything in this Agreement to the contrary, the rights and obligations of the Parties with respect to indemnification (including dispute resolution, governing law, and notice) shall be governed by the indemnification agreement.

f.    No Other Compensation or Benefits.  The Employee shall not be entitled to any compensation or benefits whatsoever other than as provided for in this Section 4.  

6.Confidential Information, Non-Competition and Non-Solicitation. 
a.    MiX Telematics’ Business.   MiX Telematics is engaged in the sale and service of fleet management, driver safety and vehicle tracking services and solutions (“Telematics Business” or “Telematics Solutions”), including, but not limited to: (i) in-vehicle systems for optimizing driver efficiency while simultaneously ensuring best practices for safety and compliance (e.g. “MiX Rovi”); (ii) enhancements to fleet management solutions that use video footage captured by in-vehicle cameras that deliver video via Fleet Manager, allowing for visual clarity at the time of an event (e.g. “MiX Vision”); (iii) integrated driver safety solutions for customers wishing to embrace high Quality, Health, Safety and Environment (QHSE) standards within their companies; (iv) fleet management solutions that reduce fuel costs, allow customers to better manage routes and deliver schedules, track vehicles, identify and monitor driver behavior, manage licensing and reduce vehicle wear and tear while increasing vehicle uptime and lessening carbon emissions; (v) systems that help ensure compliance with regional and national Hours of Service legislation in the United States and abroad; (vi) patented IFTA technology which detects crossing of State lines and produces a clear and concise report listing all mileage by vehicle and State without any interaction from the vehicle operator; and (vii) other Telematics Solutions hardware and/or services.

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b.    Access to Confidential Information and Third Party Information.  The Employee acknowledges that in the course of the Employee’s employment, the Employee will become informed of and be provided with access to confidential and proprietary information and data (including trade secrets) concerning the business and affairs of the MiX Group (“Confidential Information”).  The Employee acknowledges that in the course of the Employee’s employment with MiX Telematics, the Employee also may receive or have access to confidential or proprietary information belonging to certain third parties (“Third Party Information”).  For purposes of this Agreement, Confidential Information includes, but is not limited to, information relating to: methods of operation; business plans and projections; pricing structure, profit margins and other non-public financial information of any kind; customer, supplier, vendor, dealer, or value-added reseller accounts; research and development; policies and manuals constituting business secrets, confidential information, and/or proprietary information that is not available to the public; proprietary software; personnel information of employees that is private and confidential and is unrelated to wages, hours and other terms and conditions of employment; information concerning planned or pending acquisitions or divestitures; or other non-public information relating to the Telematics Business or Telematics Solutions.  The Employee acknowledges and agrees that the Confidential Information derives independent value from not being generally known to and not readily ascertainable by proper means by other persons who can obtain economic value from its disclosure or use.  The Employee further acknowledges and agrees that such Confidential Information was developed at great expense and has been the subject of efforts by the MiX Group, which are reasonable under the circumstances to maintain its confidentiality. “Confidential Information” does not include information that has previously been or is hereafter made public, without breach of a confidential relationship, by an authorized representative of MiX Telematics. 
c.    Future Information.  MiX Telematics and Employee agree that Confidential Information and Third Party Information includes current, updated and future non-public data, information, reports, evaluations and analyses of the MiX Group, its financial arrangements, performance and results, customers, and employees, including their compensation, performance or evaluation and updates, revisions or changes to its processes, techniques, procedures, systems, software or equipment; and updated financial loan or credit information, and includes information, data, reports and evaluations (i) provided to Employee after the date hereof, (ii) those which Employee creates, in whole or in part, (iii) those to which or for which Employee provides input and information; and (iv) those which Employee uses for the purpose of making decisions relating to MiX Telematics’ Business, its Customers or employees.

d.    Agreement Not to Disclose Confidential Information and Third Party Information.  The Employee agrees that:
i.    All Confidential Information and other materials relating in any way to any Confidential Information shall be and remain MiX Telematics’ sole property during and after the Employment Period.

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ii.    The Employee shall take all reasonable steps needed or requested by MiX Telematics to ensure that all Confidential Information and Third Party Information is kept confidential.

iii.    The Employee agrees that at all times during and subsequent to the Employment Period, the Employee shall use Confidential Information and Third Party Information only for the contemplated purposes and for the sole benefit of MiX Telematics; shall not use Confidential Information or Third Party Information for any other purpose; and shall not disclose or cause to be disclosed Confidential Information or Third Party Information to any employee, contractor, or third party, except as required in the course and scope of the Employee’s employment by MiX Telematics and only if the employee, contractor, or third party has executed an agreement not to disclose Confidential Information and Third Party Information.  

iv.    The Employee shall not duplicate any Confidential Information or Third Party Information or other materials relating in any way to any Confidential Information or Third Party Information, other than as necessary to fulfill the Employee’s obligations to MiX Telematics, without the express written consent of MiX Telematics.

v.    Upon demand by MiX Telematics, the Employee shall return all Confidential Information and Third Party Information, including any notes regarding or referring to Confidential Information or Third Party Information, which is then in the Employee’s possession, custody, or control, to MiX Telematics and shall represent in writing at such time that the Employee has complied with the provisions of this Section 6(d).

vi.    Other than as contemplated in subparagraphs vii and viii below, in the event that the Employee is compelled by legal subpoena or court order to provide Confidential Information or Third Party Information, the Employee will provide MiX Telematics with prompt notice thereof so that MiX Telematics may seek a protective order or other appropriate remedy and the Employee will cooperate with and assist MiX Telematics in securing such protective order or other remedy.  In the event that such protective order is not obtained, or MiX Telematics waives compliance with this subparagraph to permit a particular disclosure, the Employee will furnish only that portion of the Confidential Information or Third Party Information that the Employee is legally required to disclose.  

vii.    Nothing in this Section 6(d) or otherwise in this Agreement shall be construed to interfere with the Employee’s rights under Section 7 of the National Labor Relations Act (“NLRA”).  Further, nothing in this Section 6(d) or otherwise in this Agreement shall be construed to prohibit the Employee from: filing a charge or participating in any investigation or proceeding conducted by the Equal Employment Opportunity Commission or any other federal, state or local government agency charged with enforcement of any law; reporting possible violations of any law, rule or regulation to any governmental agency or entity charged with enforcement of any law, rule or regulation; or making other disclosures that are protected under the whistleblower provisions of any law, rule or regulation.

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viii.    Immunity Notice: The Employee shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that: (1) is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and made solely for the purpose of reporting or investigating a suspected violation of law; or (2) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  Should the Employee file a lawsuit against MiX Telematics for retaliation for reporting a suspected violation of law, the Employee may disclose the trade secret to the Employee’s attorney and use the trade secret information in the court proceeding, if the Employee: (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.
e.    Non-Competition and Non-Solicitation.  The Employee acknowledges that MiX Telematics has a legitimate business interest in protecting the Confidential Information and the Third Party Information, its customer and vendor relationships, its training of employees, its business goodwill, reputation and other lawful interests, and that the restrictive covenants regarding competition and non-solicitation contained herein are reasonably necessary to protect these interests.  In consideration for the access granted to Confidential Information and Third Party Information and other consideration provided for in this Agreement, the receipt and sufficiency of which is hereby acknowledged, the Employee agrees that, both during the Employment Period and for a period of twelve (12) months following the termination of the Employee’s employment pursuant to this Agreement (the “Restricted Period”), the Employee shall not, directly or indirectly (in any capacity, on the Employee’s own behalf or on behalf of any other person or entity), anywhere in the geographical area in which the Employee performed the Services, which includes the United States of America:
i.    have any ownership interest in, performs any work for or provide the same or similar services the Employee provided to the MiX Group (whether as an individual, employee, independent contractor, owner, proprietor, principal, partner, shareholder, joint venturer, member, trustee, officer, director, consultant, broker, agent, or in any other manner whatsoever) to any person or entity that is a Competitive Business to the MiX Group (except for an ownership interest not exceeding five percent (5%) of a publicly-traded entity).  “Competitive Business” shall mean any business that sells or provides the same, or substantially similar, products and/or services as the MiX Group (including but not limited to Telematics Solutions). 

ii.    Solicit, recruit, induce, hire or engage any employee, contractor, licensee, vendor, dealer or value-added reseller of the MiX Group to enter into an employment or business relationship with any other person or entity that is a Competitive Business or recruit, solicit or otherwise induce any employee, contractor, licensee, vendor, dealer or value-added reseller of the MiX Group to terminate his/her employment, engagement or business relationship with the MiX Group.  This covenant applies to any employee, contractor, licensee, vendor, dealer or value-added reseller who, at the time of the recruitment/hire, is currently employed or engaged with the MiX Group or its affiliates or who was employed or engaged with the MiX Group at any time during the twelve (12) month period preceding the date of the attempted employment, recruitment, inducement, engagement or solicitation.  

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f.    Reasonableness of Restrictive Covenants.  The Employee acknowledges that each of the provisions of this Section 6 are reasonable and necessary to protect the legitimate business interests of the MiX Group and its present and potential business activities and the economic benefits derived therefrom, Confidential Information, including, but not limited to, trade secrets, and Third Party Information, and that the restrictions will not prevent the Employee from earning a livelihood in the Employee’s chosen profession, that they do not impose an undue hardship on the Employee, and that they will not injure the public.  

g.    Enforcement. The Employee expressly agrees and understands that the remedy at law for any breach by the Employee of this Section 6 will be inadequate and that damages flowing from such breach are not usually susceptible to being measured in monetary terms.  Accordingly, it is acknowledged that upon the Employee’s violation of any provision of this Section 6, MiX Telematics shall be entitled to seek from any court of competent jurisdiction (including without limitation in Palm Beach County, Florida) immediate injunctive relief and obtain a temporary order and/or injunction restraining any threatened or further breach as well as an equitable accounting of all profits or benefits arising out of such violation.  Nothing in this Section 6 shall be deemed to limit MiX Telematics’ remedies at law or in equity for any breach by the Employee of any of the provisions of this Section 6, which may be pursued by MiX Telematics. The existence of any claim or cause of action by the Employee against MiX Telematics, whether predicated upon this Agreement or otherwise, shall not constitute a defense to the enforcement by MiX Telematics of the restrictive covenants set forth herein but shall be claimed and litigated separately.  In the event MiX Telematics applies to seal any papers produced or filed in any judicial proceedings between the Parties to preserve confidentiality, the Employee hereby specifically agrees not to oppose such application and to use his best efforts to join such application.

h.    Assignment.  The Employee expressly acknowledges and agrees that the provisions of this Section 6 shall be assignable by MiX Telematics to a successor in interest of MiX Telematics and the Employee hereby expressly consents to such assignment. This Agreement shall be binding upon the Employee’s heirs, executors, administrators and/or other legal representatives or assigns. The Employee further acknowledges and agrees that the provisions of Section 6 are intended not only for MiX Telematics’ benefit, but also the benefit of the MiX Group and any of its or their past, present, or future parent corporations, subsidiaries, divisions, affiliates, officers, directors, agents, trustees, administrators, insurers, attorneys, employees, members of committees, employee benefit and/or pension plans or funds (including qualified and non-qualified plans or funds), successors and/or assigns, and that in addition to the rights of MiX Telematics hereunder, each shall have the right to enforce the provisions of this Section 6. 

i.    Toll Period. In the event the Employee violates any provision of this Section 6 as to which there is a specific time period during which the Employee is prohibited from taking certain actions or from engaging in certain activities, as set forth in such provision, then, such violation shall toll the running of such time period from the date of such violation until such violation shall cease.  As such, if the Employee violates any restriction stated in this 
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Section 6, such restriction shall remain in full force and effect beyond the expiration of the Restricted Period, such that MiX Telematics receives the full benefit of its bargain.

j.    Notice to New Employer/Consulting Party.  The Employee agrees that prior to the commencement of any employment or consulting relationship with any person or entity, the Employee will advise the person or entity of the restrictive covenant terms contained in this Agreement.  The Employee also agrees that MiX Telematics may advise any of the Employee’s new or prospective employers or consulting parties of the existence and terms of this Agreement and may furnish said employer or consulting party with a copy of the relevant provisions of this Agreement.  

k.    Survival.  The Employee agrees that this Section 6 and its subparts survive termination of this Agreement; survive termination of the Employment Period; and survive termination of the Employee’s business relationship with MiX Telematics.

l.    Blue Pencil.  If any portion of this Section 6 is held by a court of competent jurisdiction to be unreasonable, arbitrary or against public policy for any reason, that restrictive covenant shall be considered divisible as to line or scope of business, time, or geographic area and shall be modified by the court as to any of the foregoing in such a fashion as to be enforceable. The remainder of the Agreement shall remain in full force and effect.

7.General Employment Provisions.

a.Hours of Work. Normal office hours will be from Monday to Friday from 8am to 5pm with an hour lunch break. The nature of the Employee’s work will be such that the Employee is sometimes required to work outside of MiX Telematics’ ordinary working hours. The Employee agrees to work such additional hours as may be reasonably necessary for the fulfilment of the Employee’s duties without additional compensation. MiX Telematics will be entitled, from time to time, to adjust the Employee’s working hours in terms of operational requirements. 

b.Mobile Phone. MiX Telematics will provide the Employee with a mobile phone (at MiX Telematics’ reasonable expense), to be utilized for business purposes by the Employee.

c.Computer Systems. During the Employee’s employment by MiX Telematics, the Employee will be supplied with a computer system and with access to the MiX Group’s network, computer systems and software. MiX Telematics may at all times specify the manner in which these facilities may be used and the Employee hereby agrees to be bound by any information technology policy of MiX Telematics in force from time to time. Without derogating from the generality of the aforementioned, the Employee shall (i) utilize the computer and access MiX Telematics' network, laptops, computer systems and software, including email and internet, solely in pursuance of the MiX Group's business activities; and (ii) not copy any software whatsoever, for whatever purpose, from one computer to another unless both the applicable software license and MiX Telematics permits it.  
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d.Interception and Monitoring of Electronic Communications. The Employee acknowledges, accepts and agrees that he consents to the monitoring and interception of the Employee’s communication insofar as it relates to electronic communications that he may send or receive using the equipment of MiX Telematics or during the Employment Period and scope of his employment.

e.Consent to use Personal Information. The Employee hereby consents to the collection, processing and further processing of the Employee’s personal information by MiX Telematics, for the purposes of securing and further facilitating the Employee's employment. 

Without derogating from the generality of the aforementioned, the Employee consents to MiX Telematics’ collection and processing of personal information pursuant to this Section insofar as personal information of the Employee is contained in relevant electronic communications.

The Employee is hereby notified of the purpose and reason for the collection and processing of such personal information.

The Employee undertakes to make available to MiX Telematics all necessary personal information required by MiX Telematics for the purpose of securing and further facilitating the Employee's employment.

Without limiting the generality of the aforegoing, the Employee absolves MiX Telematics from any liability in terms of relevant data protection and security laws for failing to obtain the Employee’s consent or to notify the Employee of the reason for the processing of any of the Employee's personal information.

8.Prior Restrictive Covenants.  The Employee expressly states that he is not bound by any restrictive covenants, including non-competition and non-solicitation restrictions (for both customers and employees) from any prior employer.  If it is later determined that the Employee is bound by any prior restrictive covenants, the Employer may, at its sole discretion, immediately cancel this Employment Agreement.  Further, by virtue of executing this Employment Agreement, Employee understands and agrees that the Company will not defend the Employee in any future action brought by the Employee’s prior employer due to claims of violating restrictive covenants or otherwise. 

9.Inventions, Discoveries, Copyright and Documents. Any Intellectual Property made, created or discovered by the Employee in the course and scope of his employment, in connection with or in any way affecting or relating to the business of the MiX Group or capable of being used or adapted for use by the MiX Group in connection with its business, shall be disclosed to MiX Telematics and shall belong to MiX Telematics.

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The Employee shall, if and when required by MiX Telematics, and at the expense of MiX Telematics, apply or join with MiX Telematics in applying for letters patent or other equivalent protection in the United States of America or in any other part of the world for the Intellectual Property and shall execute all instruments and do all things necessary for vesting the said letters patent or other equivalent protection in the name of MiX Telematics as sole beneficial owner or in the name of such other person as may be nominated.  

Insofar as may be necessary, the Employee hereby assigns to MiX Telematics the copyright in all present and future works eligible for copyright including, without limitation, software programs of which he may be the author, which works were or are created, compiled, devised or brought into being during the course and in the scope of his employment.  No consideration shall be payable to the Employee in respect of the assignment.  The Employee hereby waives in favour of MiX Telematics or any successor-in-title any moral rights in copyright as provided for in the Agreement, which may vest in him. 

All reports, manuals, financial statements, budgets, indices, research papers, letters or other similar documents, the nature of which is not limited by the specific reference to the aforegoing items, which are created, compiled or devised or brought into being by the Employee or come into the Employee's possession during the course and in the scope of his employment and all copies thereof, shall be the property of MiX Telematics.

10.    Agreement Ancillary to Other Agreements.  The non-competition and non-solicitation provisions of this Agreement are ancillary to and part of other agreements between MiX Telematics and  Employee, including: (i) MiX Telematics’ agreement to disclose, and to continue to disclose its Confidential Information to Employee; (ii) MiX Telematics’ agreement to provide initial training, and its agreement to provide continued training, education and development to Employee regarding MiX Telematics’ Business; and, (iii) MiX Telematics’ agreement to provide Employee with Confidential Information about, and the opportunity to develop relationships with, MiX Telematics’ employees, customers and customer’s employees and agents.

11.    Termination of Employment.  Notwithstanding any other provision of this Agreement, MiX Telematics may terminate the Employee’s employment ninety (90) days after providing written notice to the Employee of the termination.  The Employee may terminate his employment with MiX Telematics ninety (90) days after providing written notice to MiX Telematics of the Employee’s intent to terminate his employment.  In the event the Employee gives notice of his intent to terminate his employment, MiX Telematics, in its sole discretion, may place the Employee on immediate administrative leave until the expiration of the ninety (90) day period.

Where MiX Telematics terminates the Employee’s employment without cause, the Employee will be paid twenty-five percent (25%) of his Base Salary.
 
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Where MiX Telematics terminates the Employee’s employment with cause, the Employee will be paid his Base Salary for the duration of the notice period and will not be entitled to any additional bonus.
The definition of "Cause" shall mean:
1.the Employee’s refusal or reckless failure to perform his Services under this Agreement;
2.the Employee’s misconduct or negligence with regard to MiX Telematics, its vendors or agencies (including, without limitation, the Employee’s fraud, dishonesty, embezzlement, moral turpitude or other act of dishonesty with regard to MiX Telematics);
3.the Employee’s misconduct, negligence or omission which has a material adverse economic impact on MiX Telematics;
4.the Employee's conviction of, pleading nolo contendere to, or having adjudication withheld as to any felony or any crime involving fraud, dishonesty or moral turpitude;
5.the Employee’s persistent failure to perform his duties and responsibilities for MiX Telematics that causes MiX Telematics harm or damages; 
6.the Employee’s persistent failure to follow MiX Telematics applicable policies and procedures; 
7.the Employee’s insubordination to the Chairperson, the Board of MiX Telematics, the MiX Group Chief Executive Officer, the MiX Group Chief Financial Officer, the MiX Group Chief Operating Officer and/or the MiX Group’s Executive Committee or refusal or failure to follow the lawful direction of the foregoing individuals and/or entities;
8.any breach by the Employee of this Agreement;
9.the Employee’s disparagement of MiX Telematics, its Board, Chairperson, customers, services, vendors, contractors or agencies;
10.the Employee conducting business on behalf of MiX Telematics while under the influence of alcohol or any illegal drugs; 
11.any other serious complaint of conduct which causes MiX Telematics to lose trust in the Employee; 
12.any breach of a fiduciary duty owed to MiX Telematics by the Employee; 
13.any breach by the Employee of the trust bestowed upon him by MiX Telematics; and 
14.any irreconcilable differences which may arise between the Employee and MiX Telematics.

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12.    Amendment and Waiver. This Agreement may not be modified, amended, supplemented, canceled or discharged, except by written instrument executed by all Parties.  No failure to exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power or privilege.  No waiver of any breach of any provision shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision, nor shall any waiver be implied from any course of dealing between the Parties.  No extension of time for performance of any obligations or other acts hereunder or under any other agreement shall be deemed to be an extension of the time for performance of any other obligations or any other acts.  The rights and remedies of the Parties under this Agreement are in addition to all other rights and remedies, at law or equity that they may have against each other.

13.    Assignment; Third Party Beneficiary. This Agreement, and the Employee’s rights and obligations hereunder, may not be assigned, subcontracted, or delegated by the Employee.  MiX Telematics may assign its rights, and delegate its obligations, hereunder to any successor in interest.  The rights and obligations of MiX Telematics under this Agreement shall inure to the benefit of and be binding upon and enforceable by its respective successors and assigns.

14.    Severability; Survival.  In the event that any provision of this Agreement is found to be void and unenforceable by a court of competent jurisdiction, then such unenforceable provision shall be deemed modified so as to be enforceable or, if not subject to modification, then eliminated here from to the extent necessary to permit the remaining provisions to be enforced.  The provisions of this Section and Sections 6 and 10 through 21 shall survive the termination of this Agreement, the Employment Period, and/or the Employee’s relationship with MiX Telematics.

15.    Counterparts/Facsimile.  This Agreement may be signed in any number of counterparts and by electronic transmissions and all so executed shall constitute one Agreement, binding on all the Parties hereto, notwithstanding that the Parties are not signatories to the original or same counterpart.

16.    Governing Law; Prevailing Party Fees; Venue; Jury Trial Waiver.  This Agreement and any disputes arising out of this Agreement shall be governed by the laws of the state of Florida without regard to its choice of law principles, except where the application of federal law applies. If either party breaches this Agreement, or any dispute arises out of, or relating to, this Agreement, the prevailing party shall be entitled to its reasonable attorneys’ fees, paralegals’ fees and costs, at all levels.  In the event of any litigation arising out of this Agreement, the exclusive venue shall be in Palm Beach County, Florida and shall be decided by a judge, not a jury.  THE PARTIES SPECIFICALLY WAIVE THEIR RIGHT TO A TRIAL BY JURY.

17.    Notices.  All notices required or permitted under this Agreement shall be in writing and shall be deemed sent: (i) on the same business day when faxed or delivered, personally or by confirmed facsimile transmission; (ii) three (3) business days after being mailed 
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52402749;2

by United States registered or certified mail, return receipt requested, postage prepaid; (iii) five (5) business days after being mailed to the United States from another country; or (iv) one (1) business day after being sent by a reputable overnight courier, addressed as set forth below or to such other address as any party may have furnished to the other in writing in accordance herewith.  Notice of change of address shall be effective only upon receipt.  Notices and all other communications shall initially be addressed to each party at the address or facsimile number set forth below:

    MiX Telematics    Attn:  Chief Executive Officer
                MiX Telematics North America, Inc.
                750 Park of Commerce Blvd. Suite 100
                Boca Raton, FL 33487 
                Facsimile: (561) 994-3979

The Employee:    
            Boca Raton,
            FL 33434
            

18.    Entire Agreement. This Agreement contains the entire understanding of the Parties with respect to its subject matter and supersedes all prior agreements and understandings (oral or written) between or among the Parties with respect to such subject matter.

19.    Headings.  The headings of the Sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement.

20.    Employee’s Representation.  The Employee represents and warrants to MiX Telematics that there is no legal impediment to the Employee entering into, or performing the Employee’s obligations under this Agreement, and neither entering into this Agreement nor performing the Services hereunder will violate any agreement to which the Employee is a party or any other legal restriction.  The Employee further represents and warrants that in performing Services hereunder the Employee will not use or disclose any confidential information of any prior employer or other person or entity.

21.    Section 409A of the Code.  It is the intention of the Parties that the benefits and rights to which the Employee could be entitled pursuant to this Agreement comply with Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury Regulations and other guidance promulgated or issued thereunder, to the extent that the requirements of Section 409A are applicable thereto, and this Agreement shall be construed in a manner consistent with that intention.  If either party believes, at any time, that any such benefit or right that is subject to Section 409A does not so comply, the party shall promptly advise the other and shall negotiate reasonably and in good faith to amend the terms of such benefits and rights such that they comply with Section 409A (with the most limited possible economic effect on the Employee and on MiX Telematics).
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If and to the extent required to comply with Section 409A, any payment or benefit required to be paid hereunder on account of termination of Employee’s employment, service (or any other similar term) shall be made only in connection with a “separation from service” with respect to Employee within the meaning of Section 409A.

    Notwithstanding anything herein to the contrary or otherwise, except to the extent any expense, reimbursement or in-kind benefit provided pursuant in this Agreement does not constitute a “deferral of compensation” within the meaning of Section 409A and the Treasury Regulations and other guidance thereunder: (i) the amount of expenses eligible for reimbursement or in-kind benefits provided to the Employee during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the Employee in any other calendar year; (ii) the reimbursements for expenses for which the Employee is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred; and (iii) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit.

[Remainder of page intentionally blank.
Signatures appear on the following page.]

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

						
	MiX TELEMATICS NORTH AMERICA, INC.:

__________________________________

BY:  John Granara
Chief Financial Officer

	          THE EMPLOYEE:

__________________________________
Paul Dell

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52402749;2qtnt-ex101_237.htm

 

Exhibit 10.1

 

 

 

 

 

 

 

 

 

EMPLOYMENT AGREEMENT

 

 

 

 

BETWEEN

 

QUOTIENT SUISSE SA

Business Park Terre Bonne

Route de Crassier 13

1262 Eysins

 

Hereinafter “the Company”

 

 

 

AND

 

 

Vittoria Bonasso 

Chemin du Petit Penthalaz 7d

1306 Daillens

Switzerland

 

 

Hereinafter “the Executive”

 

 

 

 

 

 

1

 

 

Exhibit 10.1

INDEX

 

	
1.
	
DEFINITIONS AND INTERPRETATION
	
3

	
2.
	
APPOINTMENT
	
4

	
3.
	
TERM
	
4

	
4.
	
PROBATIONARY PERIOD
	
5

	
5.
	
DUTIES OF THE EXECUTIVE
	
5

	
6.
	
INTERESTS IN OTHER BUSINESSES
	
5

	
7.
	
HOURS OF WORK
	
6

	
8.
	
PRINCIPAL PLACE OF WORK
	
6

	
9.
	
SALARY
	
6

	
10.
	
ANNUAL BONUS
	
7

	
11.
	
EXPENSES
	
7

	
12.
	
BENEFITS AND PENSION FUND
	
7

	
13.
	
COMPANY CAR/CAR ALLOWANCE
	
7

	
14.
	
HOLIDAYS ENTITLEMENT
	
8

	
15.
	
ILLNESS AND ACCIDENT INSURANCE
	
8

	
16.
	
TERMINATION OF AND SUSPENSION FROM EMPLOYMENT
	
9

	
17.
	
OBLIGATIONS  DURING  EMPLOYMENT
	
11

	
18.
	
OBLIGATIONS AFTER EMPLOYMENT
	
13

	
19.
	
DISCIPLINARY AND GRIEVANCE PROCEDURE
	
14

	
20.
	
COLLECTIVE AGREEMENTS
	
14

	
21.
	
DEDUCTIONS
	
14

	
22.
	
DATA PROTECTION
	
14

	
23.
	
PROTECTION OF THE EMPLOYEE
	
15

	
24.
	
TRAINING
	
15

	
25.
	
HR POLICIES
	
16

	
26.
	
RELEASES AND WAIVERS
	
16

	
27.
	
ENTIRE AGREEMENT
	
16

	
28.
	
GOVERNING LAW AND JURISDICTION
	
16

 

 

 

 

 

 

 

2

 

 

Exhibit 10.1

THIS AGREEMENT is made on December 18th, 2020

BETWEEN:

	
1.
	
QUOTIENT SUISSE SA (company number CHE-167.592.818, Switzerland) whose registered office is at Business Park Terre Bonne, Route de Crassier 13, 1262 Eysins, Switzerland ("the Company") and
	
 

	
2.
	
Vittoria Bonasso of Chemin du Penthalaz 7d, 1306 Daillens, Switzerland (“the Executive”)
	
 

 

IT IS AGREED as follows:

	
1.
	
DEFINITIONS AND INTERPRETATION

	
1.1.
	
In this Agreement, unless the context otherwise requires, the following expressions have the following meanings:
	
 

"Agreement" means this Agreement (including any schedule or annexure to it and any document referred to in it or in agreed form);

“Associated Company” means any company, which is especially a holding company or subsidiary of the Company or a subsidiary of the Company’s holding Company;

"Board" means the board of directors of the Company from time to time and includes any committee of the Board duly appointed by it;

"Business" means the manufacture and sale of blood-typing reagents and associated technologies and any trade or other commercial activity which is carried on by the Group, or which the Group shall have determined to carry on with a view to profit in the immediate or foreseeable future;

"Confidential Information" any trade secrets or other information which is confidential, commercially sensitive and is not in the public domain  relating  or  belonging  to  the Group including but not limited to information relating to the business methods, corporate plans, management systems, finances, new business  opportunities, research and development projects, marketing or sales of any past, present or future product or service, secret formulae, processes, inventions, designs, knowhow discoveries, technical specifications and other technical information relating to the  creation, production or supply of any past, present or future product or service of the Group, lists or details of clients, potential clients or suppliers or the arrangements made with any client or supplier and any information in respect of which the Group owes an obligation of confidentiality to any third party;

"Duties" means the duties of the Executive as set out in Clause 5; 

"Employment" means the Executive's employment under this Agreement; 

“Group” means the Company and its affiliates;

"Chairman" means any person holding office as Chairman of the Company from time to time, including any person exercising substantially the functions of a Chairman of the Company;

3

 

 

Exhibit 10.1

"Relevant Period" means the period of six months ending with the Termination Date;

"Restricted Business" means any part of the Business in which the Executive shall have been directly concerned in the course of the Employment at any time in the Relevant Period;

"Termination Date" means the date on which the Employment terminates.

	
1.2.
	
In this Agreement, unless the context otherwise requires:

	
 
	
1.2.1.
	
words in the singular include the plural and vice versa and words in one gender include any other gender;
	
 

	
 
	
1.2.2.
	
a reference to a statute or statutory provision includes:

	
 
	
1.2.2.1.
	
any subordinate legislation made under it; and
	
 

	
 
	
1.2.2.2.
	
any statute or statutory provision which modifies, consolidates, re-enacts or supersedes it;
	
 

	
1.3.
	
a reference to:

	
 
	
1.3.1.
	
a "person" includes any individual, firm, body corporate, association or partnership, government or state (whether or not having a separate legal personality);
	
 

	
 
	
1.3.2.
	
clauses and schedules are to clauses and schedules of this Agreement and references to sub clauses and paragraphs are references to sub clauses and paragraphs of the clause or schedule in which they appear; and
	
 

	
1.4.
	
the table of contents and headings are for convenience only and shall not affect the interpretation of this Agreement.
	
 

	
2.
	
APPOINTMENT

	
2.1.
	
The Company appoints the Executive and the Executive agrees to serve as Head of Finance & Group Controller or in such other capacity as the Company may from time to time require on the terms set out in this Agreement.
	
 

	
2.2.
	
The Executive warrants that he is free to enter into this Agreement and is not bound by, nor subject to any court order, arrangement, obligation, restriction or undertaking (contractual or otherwise) which prohibits or restricts the Executive from entering into this Agreement or performing the Duties.
	
 

	
2.3.
	
The Executive shall be employed by Quotient Suisse SA.

	
3.
	
TERM

	
3.1.
	
The Employment will commence on February 1st, 2021 and unless terminated in accordance with Clause 16, shall continue until terminated by either party giving to the other not less than 6 months' prior written notice. 

	
3.2.
	
No employment with a previous employer counts towards the Executives period of continuous employment with the Company.

4

 

 

Exhibit 10.1

	
4.
	
PROBATIONARY PERIOD

	
4.1.
	
The first three months of your employment shall be considered your probationary period.  During this period your employment can be terminated by either party with seven days notice or pay in lieu of notice.  

	
5.
	
DUTIES OF THE EXECUTIVE

	
5.1.
	
The Executive shall carry out such duties as Head of Finance & Group Controller as may be agreed between the Executive and the Company from time to time and exercise the powers consistent with such duties.
	
 

	
5.2.
	
The Executive shall at all times during the Employment:

	
 
	
5.2.1.
	
devote the whole of his time, attention, skill and ingenuity during working hours to his duties under this Agreement;
	
 

	
 
	
5.2.2.
	
faithfully and using his best endeavours carry out all work consistent with his position which may be required of him;
	
 

	
 
	
5.2.3.
	
comply with all the Company’s rules, regulations, policies and procedures from time to time in force;
	
 

	
 
	
5.2.4.
	
perform the duties faithfully and diligently;

	
 
	
5.2.5.
	
obey all lawful and reasonable directions of the Company, observe such restrictions or limitations as may from time to time be imposed by the Company upon the Executive's performance of the duties and implement and abide by any relevant Company policy which may be promulgated or operated in practice from time to time;
	
 

	
 
	
5.2.6.
	
use best endeavours to promote the interests of the Group and shall not do or willingly permit to be done anything which is harmful to those interests; and
	
 

	
 
	
5.2.7.
	
keep the Company fully informed (in writing if so requested) of the Executive's conduct of the business or affairs of the Group and provide such explanations as the Board may require.
	
 

	
6.
	
INTERESTS IN OTHER BUSINESSES

	
6.1.
	
During the Employment the Executive will not, without the prior written consent of the Company, be engaged, concerned or interested in any business or undertaking whatsoever other than the business of the Group (except as the owner for investment in shares and other securities quoted on a public stock exchange and not exceeding 1% of the total issued shares of any company).  
	
 

	
6.2.
	
Notwithstanding clause 6.1, the Executive shall be entitled to devote time to his and other outside interests and business activities but only to the extent that the discharge of his duties under this Agreement is not impaired as a result. The Company shall be entitled to withdraw the consent given by this clause to pursue such activities at any time if it believes that to continue with them would no longer be in the best interests of the Group provided however that in the event the Company withdraws such consent the Executive shall be entitled to fulfil any and all commitments that he has already committed to undertake on dates and times after the time at which consent is withdrawn.
	
 

5

 

 

Exhibit 10.1

	
7.
	
HOURS OF WORK

	
7.1.
	
The Executive's hours of work shall be the Company's normal office hours (40 hours per week) and such further hours as may be necessary for the proper discharge of the Duties. Due to the level of responsibilities and the role, the Executive shall not be entitled to receive any additional remuneration for work outside the Company's normal office hours.
	
 

	
8.
	
PRINCIPAL PLACE OF WORK

	
8.1.
	
The normal place of work is in the Company’s premises in Eysins, Vaud, Switzerland. The Company reserves the right to require the Executive to work temporarily or permanently at/from other locations as the needs of the business require.  This flexibility is essential to the smooth running of the business of the Company. 
	
 

	
8.2.
	
The Executive may be required to work at the Company’s premises, Associated Company’s premises or at the premises of any of their respective customers, clients, suppliers, or associates within or out with Switzerland from time to time.  
	
 

	
9.
	
SALARY

	
9.1.
	
During the Employment the Company shall pay to the Executive a basic salary of CHF 250’000.-- per annum. Factors influencing the salary determination are the job requirements, the required educational background, experience, individual performance and the local labour market.
	
 

	
 
	

	
You will be paid in thirteen (13) installments on a monthly basis. The 13th instalment will be paid together with the December salary or on a pro rata basis at the end of your employment contract.
	
 

 

	
 
	

	
In addition, the Company shall pay to the Executive a lunch allowance of CHF 2’016.-- per annum. The lunch allowance will be paid in twelve (12) installments on a monthly basis. 
	
 

 

	
 
	

	
The monthly salary is paid in Swiss Francs, on or around the 27th at the end of each month into the Executive’s designated bank account. 
	
 

	
 
	

	
 
	
 

	
9.2.
	
The gross salary and any other cash payment is reduced by the Executive’s contributions to the premiums for the social security contributions mandatory under Swiss law, as well as contributions to the pension plan maintained by the Employer. 
	
 

For Employees that are taxed at source the Company will deduct the relevant Swiss taxes according to the information provided by the Executive. Any tax refund that may be received by the Executive is to be communicated to HR to review any potential refund to Quotient Suisse SA. The Executive is liable for any additional taxes due resulting from any change in tax rate due to change in circumstances that are not communicated in a timely manner. Cross-borders’ employees will be tax withheld from the payments made to you as long as you do not provide us with form 2041-AS exempting you from Swiss tax withholding.

	
9.3.
	
Employees will receive a monthly salary statement. It will be the responsibility of Employees to ensure that the Company has been given correct details of Bank Account name, IBAN number and any changes to these details. Any queries in respect thereof should be raised with HR. 
	
 

6

 

 

Exhibit 10.1

	
9.4.
	
The Executive's basic salary shall be reviewed by the Company from time to time. Any increase in the Executive's salary consequent upon such review will be effective from the effective date specified by the Company.
	
 

	
10.
	
ANNUAL BONUS

	
10.1.
	
The Executive may be eligible to receive up to a maximum equivalent of 25% of basic salary. 

 

	
10.2.
	
Unless otherwise expressly agreed upon in writing, the payment of such additional bonus is on a discretionary and voluntary basis. The Employees must be in employment with the Company on the date of the bonus payment to be eligible for the payment. The payment of a bonus for several years in a row does not give rise to any right of the employee.

 

	
10.3.
	
If the Company decides to implement an Annual Bonus Scheme, parties will be bound by it. Clause 10.2 will remain valid notwithstanding any bonus scheme. The Company reserves the right to amend the bonus scheme from time to time by its own decision to suit the changing needs of the business.  Employees will be informed of any changes to the scheme.

 

	
11.
	
EXPENSES

	
11.1.
	
The Company will reimburse Employees for all expenses properly and necessarily incurred by them in the proper performance of their duties, upon receipt of such vouchers or other evidence of actual payment of such expenses as the Company may reasonably require.  Details of expenses and subsistence claims procedures are outlined in the Travel & Expense Policy.
	
 

	
11.2.
	
Any credit card or charge card supplied to the Executive by the Company shall be used solely for expenses incurred by the Executive in carrying out the Duties.  Any such card must be returned by the Executive to the Company immediately upon the Company's request.
	
 

	
11.3.
	
Procedures for claiming of business-related expenses are set out in the Company’s Travel and Expense Policy. 
	
 

	
12.
	
BENEFITS AND PENSION FUND

	
12.1.
	
The Executive will become a member of the Company Swiss pension fund and insurance plans. A summary of benefits is available in the Quotient Suisse SA Benefits Brochure and further detailed in the official plans rules which may be amended from time to time. The pension provider may link final coverage to the Executive passing their medical examination, at the cost of the pension provider.
	
 

	
12.2.
	
The Company has the right to alter, amend, cancel or vary at any time any of its Employee benefits programs. Any amendment of the Pension Funds plan will be subject to the LPP Committee.
	
 

	
13.
	
COMPANY CAR/CAR ALLOWANCE  

	
13.1.
	
Subject to the Company Car policy and provided that the Executive holds a current full driving license, he may be entitled to a company car allowance of CHF 16’800.-- per annum. 
	
 

	
13.2.
	
No private fuel allowance is payable.
	
 

7

 

 

Exhibit 10.1

		

	
 

	
13.3.
	
Further details relating to the Company Car policy will be available from Human Resources.
	
 

	
13.4.
	
The Executive should note that this is a taxable benefit.

	
14.
	
HOLIDAYS ENTITLEMENT

	
14.1.
	
The Executive shall be entitled to twenty five (25) paid days per full year. The Company holiday year runs from 1st June to 31st May. If the Executive starts working during the holiday year or if this contract ends before the end of a holiday year the holiday entitlement will be calculated on a pro rata basis. 

 

	
 
	

	
Holidays must be taken at times convenient to the Company and sufficient notice of intention to take holiday must be given. The Executive shall take their annual vacation by the end of the holiday year and take at least two consecutive weeks together. However a limited number of five (5) days not taken during that year may be transferred to the following holiday year. These days have to be taken before the 30th September.

 

	
14.2.
	
On termination of employment, a payment representing holiday pay will be made by the       Company or deducted from the Executive (as appropriate) depending on whether holiday entitlement had been unused or exceeded.

 

	
14.3.
	
After 5 years of service, the Executive will be entitled to two (2) more days of annual holidays. After 10 years of service the Executive will be entitled to an additional two (2) days of holidays.

 

	
14.4.
	
On termination of the Employment the Executive shall be entitled to pay in lieu of any outstanding holiday entitlement and shall be required to  repay  to  the  Company  any salary received for holiday taken in excess of his actual entitlement.
	
 

	
14.5.
	
The Company may require the Executive to take any outstanding accrued holiday during a period of notice of termination of the Employment. Other than at the request of, or with the permission of, the Company, the Executive may not take holiday during a period of notice of termination of Employment.
	
 

	
15.
	
ILLNESS AND ACCIDENT INSURANCE

	
15.1.
	
Should the Executive be unable to come to work as a result of an illness or an accident, they must inform the Company without delay in line with the Absence Management Procedure Policy. For such absences lasting for three (3) days or more, the Executive must obtain a medical certificate. In case of a professional or non-professional accident, a claim form needs to be filled in and sent to Human Resources.

 

	
15.2.
	
The Executive is covered by the loss of income insurance for illness and accident of the Company. The Executive receives the terms and conditions of this insurance, that are relevant. The premium is paid 100% by the Employer. The insurance covers 100% of the base salary during the first thirty (30) days and 90% of the based salary as from the thirty first (31) day for up to 700 days. For any case not covered by the insurance, the Executive is entitled to receive the salary according to the relevant legal provisions. 

	

	
If the employment relationship ends before the end of the daily allowances, the Executive can receive the allowances according to the terms and conditions of the insurance. Any premium due after the end of the employment relationship must be paid by the Executive.

8

 

 

Exhibit 10.1

	
16.
	
TERMINATION OF AND SUSPENSION FROM EMPLOYMENT

	
16.1.
	
Subject to the remainder of this Clause 16, the Company may terminate the Executive’s employment by serving notice upon him in accordance with Clause 3.
	
 

	
16.2.
	
The Executive agrees that he will not engage in any competing activity during all or any part of his notice period.  Any income received from any activity during the notice period will be deducted from the final salary payment.
	
 

	
16.3.
	
This Agreement terminates without notice at the end of the month on which the Executive reaches normal retirement age.
	
 

	
16.4.
	
Immediate dismissal

	
 
	
16.4.1.
	
The Company may by written notice terminate the Employment without notice or pay in lieu of notice if the Executive:
	
 

	
 
	
16.4.1.1.
	
commits any act of gross misconduct or is guilty of any conduct which may in the reasonable opinion of the Company, bring the Company into disrepute or is calculated or likely prejudicially to affect the interests of the Company, whether or not the conduct occurs during or in the context of the Executive's Employment;
	
 

	
 
	
16.4.1.2.
	
is convicted of any criminal offence punishable with imprisonment; or
	
 

	
 
	
16.4.1.3.
	
commits any act of dishonesty relating to the Company, any of its employees or otherwise;
	
 

	
 
	
16.4.1.4.
	
commits a material breach of the terms and conditions of this Agreement or repeats or continues (after a written warning) any other breach of such terms and conditions, including any failure to carry out the Duties efficiently, diligently or competently;
	
 

	
 
	
16.4.1.5.
	
becomes bankrupt or makes any arrangement or composition with his creditors generally; or
	
 

	
 
	
16.4.1.6.
	
 for any other valid reason within the meaning of Article 337 of the Swiss Code of Obligations.
	
 

	
16.5.
	
Suspension

In order to investigate a complaint against the Executive of misconduct the Company may suspend the Executive on full pay for so long as may be necessary to carry out a proper investigation and hold any appropriate disciplinary hearing.

	
16.6.
	
Garden leave

	
 
	
16.6.1.
	
After notice to terminate the Employment has been given by the Executive or the Company, the Company may for all or part of the duration of the notice period in its absolute discretion:
	
 

	
 
	
16.6.1.2.
	
require the Executive not to perform any of the Duties;

	
 
	
16.6.1.3.
	
require the Executive not to have any contact with clients of the Company;
	
 

9

 

 

Exhibit 10.1

	
 
		

	
 

	
 
	
16.6.1.4.
	
require the Executive not to have any contact with such employees or suppliers of the Company as the Company shall determine;
	
 

	
 
	
16.6.1.5.
	
require the Executive to disclose any attempted contact with him made by any client, employee or supplier with whom the Executive has been required to have no contact pursuant to this clause.
	
 

	
 
	
16.6.1.6.
	
require the Executive to take any accrued holiday entitlement or prohibit the Executive from taking any accrued holiday entitlement except with the prior written approval of the Chief Executive Officer; provided always that throughout the period of any such action and subject to the other provisions of this Agreement the Executive's salary and contractual benefits shall not cease to accrue or be paid.
	
 

	
 
	
16.6.2.
	
The Executive acknowledges that such action taken on the part of the Company shall not constitute a breach of this Agreement of any kind whatsoever nor shall the Executive have any claim against the Company in respect of any such action.
	
 

	
 
	
16.6.3.
	
The Executive acknowledges that during any such period of garden leave, the terms of this Agreement and the obligations owed by the Executive generally to the Company, including without limitation the Executive's duties of good faith and fidelity to the Company shall continue.  
	
 

	
 
	
16.6.4.
	
During any such period of garden leave the Executive must not work for any other person or on his own account and shall remain readily contactable and available to work for the Company. Should the Executive fail to be available for work at any time having been requested by the Company to do so, the Executive's right to salary and contractual benefits in respect of such period of non-availability shall be forfeit notwithstanding any other provision of this Agreement.
	
 

	
16.7.
	
Effect of termination

	
 
	
16.7.1.
	
On the Termination Date or at any time after notice is given by the Company or the Executive to terminate the Employment,  the Executive shall, at the request of the Company resign (without prejudice to any claims which he may have against the Company arising out of the Employment or its termination) from all and any offices which he may hold as a director of the Company or any of its subsidiaries and from all other appointments or offices which he holds as nominee or representative of the Company; and
	
 

	
 
	
16.7.2.
	
If the Executive should fail to do so within 7 days the Company is irrevocably authorised to appoint some person in his name and on his behalf to sign any documents or do any things necessary or requisite to effect such resignation(s).
	
 

 

 

10

 

 

Exhibit 10.1

	
17.
	
OBLIGATIONS  DURING  EMPLOYMENT

	
17.1.
	
 Intellectual property

	
 
	
17.1.1.
	
For the purposes of this Clause 17 the term “IPRs” (Intellectual Property Rights) means any and all patents, trade and service marks, trade and business names, rights in designs, internet domain names, copyrights (including copyright in software), database rights, rights in know-how, utility models and all other intellectual property rights (whether or not any of these is registered or unregistered and including any applications for the grant of any such rights) and all rights or forms of protection having an equivalent or similar effect anywhere in the world.

	
 
	
17.1.2.
	
If you create, make, author, originate, develop, design, conceive or write (either alone or with others) any works, designs, innovations, inventions, improvements, processes, get-ups or trademarks in the course of your employment with the Company (“Works”):

	
 
	
17.1.2.1.
	
you will promptly disclose to the Company full details of all and any such Works;

	
 
	
17.1.2.2.
	
all rights (including, without limitation, all IPRs) in and to such Works   shall solely legally and beneficially vest in the Company immediately upon their creation without any payment to you;

	
 
	
17.1.2.3.
	
The Company will pay you an appropriate compensation for the Works invented by you while performing your employment activity but not during the performance of your contractual duties. The Works made during the performance of your contractual duties will vest in the Company without any payment to you;

	
 
	
17.1.2.4.
	
you hereby irrevocably and unconditionally waive, in favour of the Company, its licensees and successors in title any and all moral rights conferred on you in relation to the Works (existing or future); and

	
 
	
17.1.2.5.
	
you will not knowingly do anything, or omit to do anything, to imperil the validity or subsistence of any patent, patent application or invention relating to any of the Works. 

	
 
	
17.1.3.
	
To the extent such rights and IPRs do not so vest in Quotient, you hereby assign to the Company all current and future rights in any IPRs created in any Works.

	
 
	
17.1.4.
	
You will from time to time, both during your employment under this Agreement and thereafter, at the request and expense of the Company, promptly do all things and execute all documents necessary or desirable to give effect to the provisions of this Clause 17 including, without limitation, all things necessary to obtain and/or maintain patent or other protection in respect of any Works in any part of the world and to vest such rights (including, without limitation, all IPRs) in and to the Works in the Company or the Company’s nominee.

 

 

11

 

 

Exhibit 10.1

	
 
	
17.1.5.
	
For the avoidance of doubt;

 

	
 
	
a)
	
the provisions of this Clause 17 will apply to any rights (including, without limitation, any IPRs) in the Works arising in any jurisdiction, and the provisions of this Clause 17 will apply in respect of any jurisdiction to the extent permitted by the directives, statutes, regulations and other laws of any such jurisdiction; and

 

	
 
	
b)
	
 the provisions of this Clause 17 will apply only to Works made or generated in the course of your employment with the Company and will not apply to any creative writings, designs, innovations, inventions, improvements, processes, get-ups or trademarks not connected, directly or indirectly, with your employment by the Company.

	
17.2.
	
Power of attorney

The Executive irrevocably appoints the Company as his attorney in his name and on his behalf to execute documents, to use his name and to do all things which may be necessary or desirable for the Company to obtain for itself or  its  nominee  the  full benefit of the provisions of Clause 17 and a certificate in writing signed by any director or the Company Secretary that any instrument or act falls within the authority conferred by this paragraph shall be conclusive evidence that such is the case so far as any third party is concerned.

	
17.3.
	
Conflict of interest

	
 
	
17.3.1.
	
During the Employment, the Executive shall not:

	
 
	
17.3.1.1.
	
other than in the proper performance of his duties directly or indirectly disclose divulge or communicate to any person or persons whatsoever or make use of any Confidential Information to which you have or may in the course of your employment become aware of relating to the business of the Company.  
	
 

	
 
	
17.3.1.2.
	
at any time (whether during or outside normal working hours) take any preparatory steps to become engaged or interested in any capacity whatsoever in any business or venture that is in or is intended to enter into competition with the Business.
	
 

	
 
	
17.3.2.
	
The Executive shall promptly disclose in writing to the Company all his interests (including but not limited to shareholdings and directorships) in any businesses, whether or not of a commercial or business nature.
	
 

	
 
	
17.3.3.
	
The Executive shall not, at any time during the Employment, whether directly or indirectly be employed, engaged or concerned in any capacity whatsoever in the conduct of any activity or business which is similar to or competes with any activity or business carried on by the Company (except as a representative of the Company or with the written consent of the Company).
	
 

	
 
	
17.3.4.
	
The Executive shall, at any time during the Employment or following its termination at the request of the Company return to the Company or, at the Company's request, shall destroy:
	
 

12

 

 

Exhibit 10.1

	
 
	
17.3.4.1.
	
any documents, drawings, designs, computer files or software, visual or audio tapes or other materials containing information (including, without limitation, Confidential Information) relating to the Company's business created by, in the possession of or under the control of the Executive; and
	
 

	
 
	
17.3.4.2.
	
any other property of the Company in his possession or under his control.
	
 

	
 
	
17.3.5.
	
The Executive shall not make or keep or permit any person to make or keep on his behalf any copies or extracts of the items referred to in sub clause 17.3.4 in any medium or form.
	
 

	
18.
	
OBLIGATIONS AFTER EMPLOYMENT

	
18.1.
	
The Executive shall not directly or indirectly, whether on the Executive's own behalf or on behalf of another person:
	
 

	
 
	
18.1.1.
	
for the period of one year following the Termination Date:

	
 
	
18.1.1.1.
	
so as to compete with the Group in any part of the Restricted Business solicit or entice away or seek to solicit or entice away or deal with any person who was at any time during the Relevant Period a client of the Group with whom:
	
 

	
 
	
18.1.1.1.1.
	
the Executive shall have had material dealings in the course of the Employment at any time in the Relevant Period; or  
	
 

	
 
	
18.1.1.1.2.
	
to the Executive's knowledge any employee of the Group who is under the Executive's control shall have had material dealing in the course of their employment with the Group during the Relevant Period;
	
 

	
 
	
18.1.1.2.
	
so as to compete with the Group in any part of the Restricted Business solicit or entice away or seek to solicit or entice away any person who was at the Termination Date negotiating with the Group with a view to dealing with that company as a client and with whom:
	
 

	
 
	
18.1.1.2.1.
	
the Executive shall have had material dealings in the course of the Employment at any time in the Relevant Period; or
	
 

	
 
	
18.1.1.2.2.
	
the Executive's knowledge any employee of the Group who is under the Executive's control shall have had material dealings in the course of their employment with the Group during the Relevant Period;
	
 

	
 
	
18.1.1.3.
	
solicit or entice away or seek to solicit or entice away from the Group any person who is and was at the Termination Date employed or engaged by the Group in  any  part  of  the Restricted 
	
 

13

 

 

Exhibit 10.1

	
 
		
Business in a senior managerial, technical, supervisory, sales, marketing or risk  assessment  capacity  and was a person with whom the Executive had material dealings in the course of the Employment during the Relevant Period; or
	
 

	
 
	
18.1.1.4.
	
so as to compete with the Company in any part of the Restricted Business seek to entice away from the Group or otherwise solicit or interfere with the relationship between the Group and any supplier of such company with whom the Executive shall have had material dealings in the course of the Employment during the Relevant Period;
	
 

	
 
	
18.1.2.
	
at any time after the Termination Date:

	
 
	
18.1.2.1.
	
induce or seek to induce by any means involving the disclosure or use of Confidential Information any customer to cease dealing with the Group or to restrict or vary the terms upon which it deals with the Company;
	
 

	
 
	
18.1.2.2.
	
be held out or represented by the Executive or any other person, as being in any way connected with or interested in the Group; or
	
 

	
 
	
18.1.2.3.
	
disclose, divulge or communicate to any person or persons whatsoever or make use of any Confidential Information.
	
 

	
18.2.
	
Any period of Garden Leave served by the Executive pursuant to Clause 16.6 shall reduce the one-year period referred to in Clause 18.1.1 by an equal period of time. 
	
 

19. DISCIPLINARY AND GRIEVANCE PROCEDURE

 

	
19.1.
	
There are no specific disciplinary rules or procedures applicable to the Executive. Any matters concerning the Executive's unsatisfactory conduct or performance will be dealt with by either the Chief Executive Officer or the President.  

 

	
19.2.
	
If the Executive has any grievance relating to his Employment (other than one relating to a disciplinary decision) he should refer such grievance to the Chief Executive Officer or the Head of Human Resources and if the grievance is not resolved by discussion with him it will be referred for resolution to the Board, whose decision shall be final. 

 

20. COLLECTIVE AGREEMENTS

	
20.1.
	
There are no collective agreements that affect the terms and conditions of the Executive’s employment.

 

21. DEDUCTIONS

	
21.1.
	
Insofar as the law permits, the Executive consents to the deduction at any time from any salary or other sum due from the Company to the Executive including any payment on termination of employment, of sums owed by the Executive to the Company either by way of a loan, overpaid salary with respect to holiday where the Executive has taken more holiday than his accrued entitlement at the date of termination of employment or expenses.

 

14

 

 

Exhibit 10.1

22.DATA PROTECTION

	
22.1.
	
For the purposes of complying with the Swiss Data Protection legislation including the Swiss Federal Data Protection Act (DPA), the Swiss Federal Data Protection Ordinance (DPO), the Swiss Federal Ordinance on Data Protection Certification (DPCO), or any equivalent legislation, the Executive agrees to provide the  Company  or  any  Associated  Company with any personal data and sensitive personal data relating to him that  either  may request and he further consents to the holding and processing (in manual, electronic or any other form) of such data by the Company and/or any Associated Company and/or any agent or third party nominated by the Company and bound by a duty of confidentiality, for the purpose of:

	
 
	
i.
	
employee related administration;

	
 
	
ii.
	
processing his file and management of its business;

	
 
	
iii.
	
compliance with applicable procedures, laws and regulations; 
	
 

	
 
	
iv.
	
providing data to external suppliers for the provision and administration of his remuneration and any benefits and any benefits; and/or
	
 

	
 
	
v.
	
to evaluate the efficiency of the Company’s and any Associated Companies’ business systems.
	
 

23.PROTECTION OF THE EMPLOYEE

	
23.1.
	
The Company respects and aims to protect the physical and mental wellbeing of its Employees. The Company shall take all necessary measures in this regard.
	
 

	
23.2.
	
The Company has a Health and Safety Policy which applies to all Employees. It operates total smoking ban on its premises and whilst engaged in your duties. Further detail of the Health and Safety Policy and the Smoking internal rules are contained in the Company’s SOP.
	
 

	

	
Any act or omission on your part which endangers or might endanger the health and safety of yourself or any other person may be regarded as gross misconduct and may result in the termination of your employment with the Company.
	
 

	
23.3.
	
The Company is an equal opportunity employer. Discrimination on the grounds of sex, race, religion or belief, disability, age, marriage and civil partnership, gender reassignment or sexual orientation will not be tolerated under any circumstances. Employees breaching these regulations will be managed through the Company Disciplinary Policy. 
	
 

	
23.4.
	
The Company does not tolerate violations of personal integrity including physical, psychological and sexual harassment in the workplace.
	
 

	

	
Any employee who considers that they have been harassed, victimised or discriminated against in any way should raise this with their Line Manager in the first instance or HR if the latest is concerned. 
	
 

	
23.5.
	
Also in the framework of the protection of personality and health, the Company agrees to take all reasonable steps to manage any conflict situation to foster a good working climate. Employees are requested to contact Human Resources to be informed about the procedure to be undertaken. 
	
 

15

 

 

Exhibit 10.1

	

	
The Company reserves the right to take the necessary measures, which may go up to immediate termination of the employment relationship in the event of infringement of this clause.
	
 

24.TRAINING

 

	
24.1.
	
Employees may be required to undergo any appropriate training in connection with their employment with the Company.  Such training when required is mandatory and the duration of the training counts as working hours. 
	
 

	
24.2.
	
Employees are expected to attend any training sessions which will be arranged from time to time and which are considered to be appropriate and necessary for your role. Training which is deemed essential for the successful execution of your role, especially around health and safety will be provided, and it is expected that all Employees will attend. 
	
 

	
25. 
	
HR POLICIES

 

	
25.1.
	
All global/group and local Swiss Human Resources policies are integral part of the employment contract.
	
 

	
26.
	
RELEASES AND WAIVERS

 

	
26.1.
	
The Company may, in whole or in part, release, compound, compromise, waive or postpone, in its absolute discretion, any liability owed to it or right granted to it in this Agreement by the Executive without in any way prejudicing or affecting its rights in respect of any part of that liability or any other liability or right not so released, compounded, compromised, waived or postponed.
	
 

	
26.2. 
	
No single or partial exercise, or failure or delay in exercising any right, power or remedy by the Company shall constitute a waiver by it of, or impair or preclude any further exercise of, that or any right, power or remedy arising under this Agreement or otherwise.
	
 

	
27.
	
ENTIRE AGREEMENT

 

	
27.1
	
This Agreement together with any documents referred to in this Agreement sets out the entire agreement and understanding between the parties and supersedes all prior agreements, understandings or arrangements (oral or written) in respect of the employment or engagement of the Executive by the Company. No purported variation of this Agreement shall be effective unless it is in writing and signed by or on behalf of each of the parties.  Should one or several provisions of this Agreement prove invalid, in part or in whole, such invalid provision(s) shall not affect the validity of the other provisions in this Agreement.  The invalid provision(s) shall be replaced by such provisions that best meet the parties’ intention when agreeing the invalid provision(s) initially.

 

	
28.
	
GOVERNING LAW AND JURISDICTION

 

	
28.1. 
	
This Agreement shall be governed by and construed in accordance with the laws of Switzerland.

	
28.2. 
	
Each of the parties irrevocably submits for all purposes in connection with this Agreement to the exclusive jurisdiction of the courts of Switzerland.
	
 

 

16

 

 

Exhibit 10.1

	
28.3.
	
To the extent that this Agreement, the applicable Staff Regulations or any other applicable regulations of the Company do not provide for specific rules, the Swiss Code of Obligations shall apply. 
	
 

 

Signed for and on behalf of

Quotient Suisse SA

 

 

 

 

			
	
/s/ Peter Buhler 
	
 
	
/s/ Paul Stuart 

	
Peter Bühler
	
 
	
Paul Stuart

	
Chief Financial Officer
	
 
	
Head of Human Resources

 

 

 

	
Signed by
	
/s/ Vittoria Bonasso 
	
 
	
Date December 18, 2020

	
 
	
Vittoria Bonasso
	
 
	
 

 

17

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