Document:

exv10w25

 

Exhibit 10.25

December 1, 2003

Mr. Gary Greenfield

9800 Bent Cross Drive

Potomac, MD 20854

Dear Gary:

     GXS Corporation (together with its parent GXS Holdings, Inc. (the
“Parent”) and their subsidiaries, the “Company”) is pleased to offer you
employment as its Chief Executive Officer.

     You will be paid a salary at the initial annual rate of $1,200,000,
payable in accordance with the Company’s standard payroll practices for
salaried employees and subject to applicable taxes, and will eligible for
employee benefits made available generally to senior executives of the Company,
including six weeks of annual vacation.

     Like all Company employees, you will be required, as a condition to your
employment with the Company, to sign the Company’s standard Proprietary
Information and Inventions Agreement and to provide any documentation required
by law.

     The Company will recommend to the Board of Directors or its Compensation
Committee that you receive options (the “Options”) to purchase (i)
approximately 0.5% of the outstanding common stock of Parent (on a fully
diluted basis, including common stock reserved for issuance under the Parent’s
stock incentive plan) and (ii) approximately 0.5% of the outstanding preferred
stock of Parent. The exercise price of the Options will be the fair market
value of the underlying stock at the time of grant. The Options will vest on
the date that is six months after you commence employment, subject to
accelerated vesting in the event that either your employment is terminated by
the Company without cause or the Company names a permanent successor to you as
Chief Executive Officer (other than as a result of your resignation or
termination for cause).

     Your employment with the Company will be “at will”, meaning that either
you or the Company will be entitled to terminate your employment at any time
and for any reason, with or without cause. This letter is the entire agreement
related to the subject matter hereof and supersedes any prior understandings or
agreements, whether oral or written, between you and the Company. The terms of
this letter will be governed by Maryland law.

 

 

     This offer, if not accepted, will expire at the close of business on
December 2, 2003.

Very truly yours,

GXS Corporation

  
By: /s/ David R. Golob
  

  
    Name: David R. Golob 12-2-03

    Title:

  I have read and accept this employment offer.

  
/s/ Gary Greenfield
  

  

  

  
    Gary Greenfield

    Dated: 12-2-03

  2exv10w26

 

Exhibit 10.26

FP

FRANCISCO

PARTNERS

December 5, 2003

Mr. Carl Wilson

7818 Hidden Meadow Terrace

Potomac, MD 20854

Dear Carl:

     On behalf of the Board of Directors of GXS Holdings and GXS
Corporation, I am pleased to invite you to join as a member of both
Boards. As a member of our Boards, you will play an integral part in
setting the strategic vision and direction for the Company.

     Our Board meets together as a group, at least quarterly, with
meetings typically held for a full day at the Company’s headquarters in
Gaithersburg, MD, In addition, the Board or its Committees may hold
special meetings at other times during the year, either in person or
telephonically, and they act by written consent.

     As compensation for your services, you will receive $5,000.00 for
each board meeting you attend. You will also receive $1,000 for each
committee meeting you attend, $2,500 for each additional half-day of
time that you spend on GXS business matters, as well as reimbursement
for reasonable expenses incurred when we request your attendance on GXS
matters away from the Washington, D.C. metropolitan area. At this
point, we are still deciding on what committee(s) we would like you to
participate. We will let you know this in the near future. Meeting fees
are paid whether the meeting is held in person or by telephone. In
addition, you will be granted 50,000 non-qualified stock options. The
terms and conditions of the grant are set forth in the attached option
agreement. Furthermore, as a Board member, Directors and Officers
insurance has been retained. A copy of the D&O insurance policy has
been forwarded to you separately. Finally, you will be required to sign
an Indemnification Agreement, a copy of which was separately forwarded
to you.

     To accept a position on our Boards, please sign and date the
letter and return a copy to Bruce Hunter, the Company’s Senior Vice
President & General Counsel.

 

 

     Carl, we are very excited about the opportunity for you to join the Board
and look forward to a beneficial relationship.

Regards,

Accepted this 9th day of December 2003

  
/s/ CARL WILSON
  

  
    Carl Wilson
  
 

    	Attachments
	Cc:
          
	 	B. Hunter
	 
	 	S. Francisexv10w27

 

Exhibit 10.27

    	 	 	 
	
	 	 
	Global
            eXchange Services
	 	 
	Where
            Technology Meets Experience 
	 	
	

	 
	 	100 Edison Park Dr., Gaithersburg,
          MD 20878
	 
	 	PH 301.340.4000 • www.gxs.com

January 16, 2004

Mr. Venkat Mohan

3844 Cottonwood Drive 

Danville, CA
94506

Dear Venkat:

This letter will confirm our agreement regarding compensation for your
participation on the Boards of Directors of GXS Holdings, Inc. and GXS
Corporation.

As you know, the Boards of both companies meet together as a group, at least
quarterly, with meetings typically held for a full day at the Company’s
headquarters in Gaithersburg, MD. In addition, the Boards or their Committees
may hold special meetings at other times during the year, either in person or
telephonically, and they act by written consent.

As compensation for your services, you will receive $5,000.00 for each board
meeting you attend. You will also receive $1,000 for each committee meeting you
attend, $2,500 for each additional half-day of time that you spend on GXS
business matters, as well as reimbursement for reasonable expenses incurred
when we request your attendance on GXS matters away from the Washington, D.C.
metropolitan area. Meeting fees are paid whether the meeting is held in person
or by telephone. In addition, you will be granted 50,000 non-qualified stock
options. The terms and conditions of the grant are set forth in the attached
option agreement.

This arrangement concerning compensation for your participation on our boards
shall be retroactive to October 2002. Since that time, you have attended 8
board meetings in person and 4 audit committee meetings by teleconference;
accordingly, the Company will pay you $44,000 for your past participation.

If this letter accurately confirms our agreement please sign in the space
provided below and return this letter to Bruce Hunter

Sincerely,

/s/ Gary Greenfield

Gary Greenfield

Prelident and CEO

Accepted this 27th day of January 2004

  
/s/ Venkat Mohan
  

  
    Venkat Mohan 

  Attachment

cc:   Bruce Hunterexv10w28

 

Exhibit 10.28

    	 	 	 
	Global
            eXchange Services
	 	 
	Where
            Technology Meets Experience
	 	 
	

	 
	 	100 Edison Park Dr., Gaithersburg,
          MD 20878
	 
	 	PH 301.340.4000  •  www.gxs.com

January 20,2004

Rowland Archer

3200 Atlantic Ave., Suite 204

Raleigh, NC 27604

Dear Rowland:

I am pleased to inform you that you are being offered the position of Chief
Technology Officer and Vice President, Data Sync Engineering in Raleigh, North
Carolina with the HAHT Commerce subsidiary of Global eXchange Services Inc.
This position reports to Tasos Tsolakis, Senior Vice President of Global
Technology Operations.

This offer is contingent upon the successful closing of the Agreement and Plan
of Merger by and between GXS Holdings, Inc., GXS January, Inc., HAHT Commerce,
Inc., and certain shareholders of HAHT Commerce, Inc., dated January 14, 2004
(the “Merger Agreement”). This position will be in the Executive Band at a
gross annual salary of $175,000.00. You will be eligible to earn a performance
bonus for 2004, which will amount to to $45,000 if you achieve at least 100%
of the annual performance goals established for you by GXS management. Further
details of the requirements of the bonus arrangement will be communicated to
you separately. You will also be granted 200,000 GXS stock options, pursuant
to the terms of the GXS Holdings Inc. Stock Incentive Plan. As an employee,
you will also be eligible to participate in GXS’s comprehensive set of benefit
plans.

In addition, your offer of employment is contingent upon certain conditions as
described in the enclosed form, “Acknowledgment — Conditions of Employment.”
Please be sure to read carefully both this form and the documents it
references, which include the GXS Compliance Guide (summarizing the company’s
commitment to integrity and business ethics) and the GXS “Employee Innovation
and Proprietary Information Agreement.” The referenced documents will be
provided to you prior to your start date. Please be sure to complete the
actions detailed in the form.

Your employment with the Company will
be “at will,” meaning that either you or
the Company may terminate the employment relationship at any time, for any
reason, with or without prior notice and with or without cause. Nothing in this
letter or any other employment-related documentation provided to you by the
company is intended to create or imply a contract of employment for any
specific period of time, confer any rights with respect to continuation of
employment with the Company, or interfere in any way with your right or the
Company’s right, as described above, to terminate the employment relationship.

Finally, to reward your continued involvement and efforts during this
challenging period of transition following the Merger Agreement, the Company
would like to offer you a special retention bonus arrangement, on the
following terms:

     The retention bonus will be paid in two portions. The first portion,
representing 40% of your annual base
salary, will be paid twelve months immediately following the Closing Date of the Merger (the
First Retention
Period). The second portion, representing, 60% of your annual base salary,
will be paid twenty-four months following the Closing Date of the Merger (the
Second Retention Period).

 

 

To earn a retention bonus, you must:

(i) Remain employed by GXS during the entirety of the applicable Retention
Period;

(ii) Perform in all aspects of your employment during this period in a
manner satisfactory to GXS Management, including the successful
completion of performance goals which will be provided to you by GXS
Management under separate cover; and

(iii) Be an active employee of GXS at the time of payment.

     You must also keep the fact and the terms of this retention bonus arrangement
strictly confidential. (Unless otherwise compelled by law, you may share
information about this retention bonus only with your spouse, with your legal
and/or tax consultant(s), and, subject to the prior approval of the Company’s
SVP & General Counsel, with individuals within the Company with a strict need
to know.) In addition, you acknowledge that your failure at any time to comply
with the confidentiality provisions set forth above will be a breach of your
obligations to the Company and of the terms and conditions governing this
retention bonus arrangement, which will disqualify you from retention bonus
eligibility, and require forfeiture and repayment to the Company of any
retention bonus that may have been paid to you.

     The amounts stated above are the gross amounts and will be subject to
taxation and tax withholding/deductions in accordance with applicable law or
custom. For purposes of this retention bonus arrangement, Annual base salary
is defined as your annual base salary as of the time of the bonus payment.
The retention bonus will be paid within 30 days following the end of the
applicable Retention Period.

     We look forward to having you as a member of our organization and believe
that this position will provide you with the kind of challenge and career
growth you are seeking.

     If you have questions regarding this offer, please do not hesitate to contact
Mark Krusec, Vice President, Compensation and Benefits. His phone number is
301-340-5317.

     Again, on behalf of Global eXchange Services, I am pleased to offer you this
exciting opportunity and look forward to hearing from you. Please indicate
your acceptance of this offer of employment, including the terms of the
special retention bonus arrangement, by signing below and returning the
signed original of this letter to me.

Sincerely,

/s/ Bruce Hunter

Bruce Hunter

Senior Vice President and General Counsel

Enclosures

    	 	 	 	 	 
	Accepted:
          
	/s/ Rowland Archer 	 	Date: 	1/23/2004

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