Document:

Exhibit 10.6

 

Duplicate Copy Summary (see Salomon
Smith Barney (SSB) web site for electronic original)

 

Certificate Summary:

 

Name:  Harry Debes

Grant Date (mm/dd/yyyy): 
06/02/2005

Grant Number:  (to be assigned by
SSB)

Grant Type:  NQ

Shares Granted:  2,500,000

Grant Price $5.95 (closing price on June 1, 2005)

Expiration Date:  June 1, 2015

Vesting:  20% commencing June 2,
2006 and thereafter 5% at the end of each fiscal quarter commencing with the
quarter ending August 31, 2006, subject to acceleration upon certain events
described below

 

STOCK OPTION AGREEMENT

 

LAWSON SOFTWARE, INC.

1996 STOCK
INCENTIVE PLAN

 

1.             Option Grant and
Option Exercise Price.  Pursuant to
the Lawson Software, Inc. 1996 Stock Incentive Plan (the “Plan”), Lawson
Software, Inc., a Delaware corporation (the “Company”) grants to the
participant (“Participant”) whose name is specified on the Certificate of Stock
Option Grant on the Salomon Smith Barney website at www.benefitaccess.com (the “Certificate”),
an option to purchase shares of common stock (“Common Stock”) of the Company as
follows:

 

The Company grants to Participant an option (the “Option”
or “Stock Option”) to purchase the number of full shares of Common Stock shown
on the Certificate (the “Shares”) at an exercise and purchase price in United
States dollars (the “Grant Price”) per Option Share equal to the Grant Price
listed on the Certificate (which is the closing price for the Common Stock on
Nasdaq (symbol:  LWSN) on the Grant
Date), subject to the terms and conditions set forth in the Plan, this Stock
Option Agreement (“Agreement”) and the Certificate.  The Grant Date of this Stock Option is stated
on the Certificate.  The Option will be
in effect commencing on the Grant Date and terminating on the Grant Expiration
Date listed on the Certificate or such earlier date and time described in this
Agreement (the “Option Period”).  This
Option is an “Incentive Stock Option (ISO)” or a “Nonqualified Stock Option
(NQ),” as identified on the Certificate under “Type of Stock Option.”

 

2.             Option Subject to
Plan; Definitions.  This Stock Option
and its exercise are subject to the terms and conditions of the Plan, and the
terms of the Plan shall control to the extent not otherwise inconsistent with
the provisions of this Agreement.  This
Stock Option is subject to any

 

1

 

rules promulgated pursuant to the
Plan by the Board of Directors of the Company or the Committee.  The capitalized terms not otherwise defined
in this Agreement have the same meanings assigned to them in the Plan.

 

2.1           The term “Cause”
means Termination of Participant’s Service initiated by the Company or its
Subsidiaries because of:  (1) if
Participant has entered into any written and executed contract(s) with the
Company or its Subsidiaries, any material breach by Participant of such
contract that has a material adverse effect on the Company or any Subsidiary
(as reasonably determined by the Company) and which is not or cannot reasonably
be cured within 10 days after written notice from the Company to Participant;
(2) any material violation by Participant of the Company’s or a Subsidiary’s
policies, rules or regulations that has a material adverse effect on the
Company or any Subsidiary (as reasonably determined by the Company) and which
is not or cannot be cured within 10 days after written notice from the Company
to Participant; (3) commission of any act of fraud, embezzlement or dishonesty
by Participant that is materially injurious to the Company or any Subsidiary
(as reasonably determined by the Company); (4) any other intentional misconduct
by Participant adversely affecting the business or affairs of the Company or
any Subsidiary in any material manner (as reasonably determined by the
Company); or (5) intentional or willful failure of Participant to perform
Participant’s responsibilities under any then current employment agreement
between Participant and Company, other than as a result of permitted leave of
absence, vacation, injury or illness.

 

2.2           The term “Change
of Control Transaction” means (1) the closing of a tender offer or exchange
offer for the ownership of 50% or more of the outstanding voting securities of
the Company, (2) the Company shall have entered into a definitive agreement
with respect to a tender offer, exchange offer or merger, consolidation or
other business combination with another corporation and as a result of such
tender offer, exchange offer, merger, consolidation or combination 50% or fewer
of the outstanding voting securities of the surviving or resulting corporation
are owned in the aggregate by the former stockholders of the Company, other
than affiliates (within the meaning of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) of any party to such merger or consolidation, as
the same shall have existed immediately prior to such merger or consolidation,
(3) the Company shall have entered into a definitive agreement to sell substantially
all of its assets to another corporation which is not a direct or indirect
wholly owned Subsidiary of the Company, (4) a person, within the meaning of
Section 3(a)(9) or of Section 13(d)(3) (as in effect on the date of this
Agreement) of the Exchange Act, shall acquire 50% or more of the outstanding
voting securities of the Company (whether directly, indirectly, beneficially or
of record) (for purposes hereof, ownership of voting securities shall take into
account and shall include ownership as determined by applying the provisions of
Rule 13d-3(d)(1)(i) as in effect on the date of this Agreement) pursuant to the
Exchange Act, (5) approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company, or (6) individuals who constitute
the Company’s Board of Directors on the date of this Agreement (the “Incumbent
Board”) cease for any reason to constitute at least a majority thereof,
provided that any person becoming a director subsequent to the date of this
Agreement whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least 50% of the directors
comprising the Incumbent Board shall be, for purposes of this clause (6),
considered as though such person were a member of the Incumbent Board.  The definition of a “Change in Control” in
the 1996 Stock Incentive Plan shall not apply to

 

2

 

this
Stock Option.

 

2.3           The term “Disability”
means Participant’s permanent disability as defined under any long term
disability plan of the Company, or in the absence of such plan, the inability
of Participant, due to illness or injury, to substantially perform Participant’s
duties (after taking into account any reasonable accommodation required by the
Americans with Disabilities Act) for a period of at least 180 consecutive
days.  Termination of Participant’s
Service because of a permanent disability as defined under any retirement plan
of the Company or its Subsidiaries.  The
determination of a Disability shall be based on competent medical opinion.

 

2.4           The term “Fair
Market Value” has the meaning described in Section 6 of the Plan.

 

2.5           The term “Good
Reason” means:  (1) Company effects a
material diminution of Participant’s duties or reporting responsibilities or a
diminution of Participant’s title of Chief Executive Officer of the Company; (2)
the failure by Company, or its successor, if any, to pay compensation or
provide benefits or perquisites to Participant as and when required; or (3) any
material breach by Company of any Employment Agreement between the Company and
Participant.

 

2.6           “Lawson/Intentia
Transaction” means the business combination announced on or about June 2, 2005,
under which the Company (or an affiliate of the Company) has offered to
purchase all of the capital stock of Intentia International AB.

 

2.7           The term “Retirement”
means Termination of Participant’s Service (1) at or after age 55 provided
Participant has been employed by the Company or its Subsidiaries for at least
ten years or (2) at or after age 62.

 

2.8           The term “Subsidiary”
or “Subsidiaries” means any corporation at least a majority of whose securities
having ordinary voting power for the election of directors (other than
securities having such power only by reason of the occurrence of a contingency)
is at the time owned by the Company and/or one (1) or more Subsidiaries.

 

2.9           The term “Termination
of Participant’s Service” means the last day of Participant’s regular full time
or part time employment with the Company and its Subsidiaries.

 

3.             Vesting and
Acceleration of Vesting.  Except as
specifically provided in this Agreement and the Plan, this Stock Option will
vest and first become exercisable on the respective vesting dates specified in
the Certificate, but only if Participant has at all times been a regular full
time or part time employee of the Company or any Subsidiary from the Grant Date
to the applicable vesting date.  Vested
Option Shares may be exercised and purchased during the Option Period, until
termination under Section 4 below.  No
vesting of the Option shall occur after Termination of Participant’s Service,
except only to the extent described in Sections 3.1, 3.2 or 3.3 below.

 

3.1           One
Year Acceleration of Vesting.  The
vesting of the Option Shares shall be accelerated by one year upon any of the
following events:  (1) Termination of
Participant’s Service because of Participant’s death, Disability or Retirement,
(2) Termination of Participant’s Service by the Company, other than for Cause
and not within one year after a Change of Control Transaction or (3)
Termination of Participant’s

 

3

 

Service by Participant
for Good Reason and not within one year after a Change of Control Transaction
(and not because of the failure of the Lawson/Intentia Transaction to close).

 

3.2           50% Acceleration
of Vesting.  One-half (50%) of the
Option Shares that are not then vested, but are scheduled to vest before the
remainder of the Option Shares, shall automatically vest upon either of the
following events:  (1) Termination of
Participant’s Service by the Company, other than for Cause and within one year
after a Change of Control Transaction or (2) Termination of Participant’s
Service by Participant for Good Reason and within one year after a Change of
Control Transaction (and not because of the failure of the Lawson/Intentia
Transaction to close).

 

3.3           Leave
of Absence.  The Company’s leave of
absence procedure concerning stock options, that is in effect
as of the date of this Agreement, will also govern the vesting of the
Option during a Company approved leave of absence.

 

4.             Termination and
Forfeiture.  The Stock Option,
whether or not vested, automatically expires at 5:00 p.m. United States Central
Time on the Grant Expiration Date, unless terminated on an earlier date as
described in this Agreement or the Plan. 
No vesting of the Stock Option shall occur after the date of Termination
of Participant’s Service and all such unvested Option Shares will be forfeited
as of 5:01 p.m. United States Central on the date of Termination of Participant’s
Service.  The unexercised portion of the
Stock Option that is vested will automatically terminate and be forfeited at
the first of the following to occur:

 

(1)           5:00
p.m. United States Central Time on the date of Termination of Participant’s
Service initiated by the Company or any Subsidiary for Cause;

(2)           5:00
p.m. United States Central Time on the date that is six months after
Termination of Participant’s Service for any reason or no reason, or by the
Company other than for Cause;

(3)           5:00
p.m. United States Central Time on the date that is six months after the date
of Termination of Participant’s Service due to death, Disability or Retirement;
or

(4)           5:00
p.m. United States Central Time on the Grant Expiration Date.

 

5.             No Fractional
Shares.  This Stock Option may be
exercised only in whole Shares and not fractional Shares.  Any fraction of a Share that would otherwise
vest on any vesting date will be rounded down to the nearest whole Share.

 

6.             Manner of Exercise.  Before the end of the Option Period, this
Stock Option may be exercised only by Participant (or by Participant’s guardian
or legal representative, or by Participant’s estate (if Participant is
deceased)) up to the extent then vested and exercisable by delivering to the
Company’s stock option administrator an irrevocable notice of exercise in the
form required by the Company.  The notice
of exercise shall state the number of Shares for which the Option is being
exercised and shall be accompanied by payment in full of the Grant Price for those
Shares (under Section 7 below) and applicable tax withholdings (under Section
10 below).

 

7.             Payment of Grant
Price.  Participant may pay the Grant
Price by wire transfer or check (bank check, certified check or personal check)
or by delivering to the Company for cancellation, in accordance with the rules
of the Committee, shares of Common Stock which have a Fair

 

4

 

Market Value in United States dollars equal to the Grant Price and
which either (i) were purchased on a national stock exchange or on the NASDAQ
NMS system or (ii) have been issued and outstanding more than six months.  The Grant Price is payable in United States
dollars.  Subject to the Company’s
approval, Participant may also pay the Grant Price by having it delivered to
the Company in cash from a broker, dealer or other “creditor” as defined in
Regulation T issued by the Board of Governors of the Federal Reserve System
following delivery by the Participant to the Company of instructions in a form
acceptable to the Company regarding delivery to such broker, dealer or other
creditor of that number of shares of Common Stock with respect to which the
Stock Option is exercised.

 

8.             Delivery of Shares.  The Company will deliver to Participant the
Shares (either in certificate or electronic form as requested by Participant)
promptly after proper exercise of the Option and receipt of the Grant Price and
applicable tax withholdings. 
Notwithstanding any provision in this Agreement to the contrary, the obligation
of the Company to deliver Shares is subject to the condition that if at any
time the Committee shall determine in its discretion that the listing,
registration, or qualification of the Stock Option or the Shares upon any
securities exchange or under any state or federal law, or the consent or
approval of any governmental regulatory body, is necessary as a condition of,
or in connection with, the Stock Option or the issuance or purchase of Shares
thereunder, then the Stock Option may not be exercised in whole or in part
unless such listing, registration, qualification, consent or approval shall
have been effected or obtained free of any conditions not reasonably acceptable
to the Committee.

 

9.             Tax Requirements
for Incentive Stock Options; Disqualifying Disposition.  This Section 9 will apply only if this Stock
Option is identified as an Incentive Stock Option or ISO on the
Certificate.  If this Section 9 applies,
then subject to the provisions of the Plan, this Stock Option is an Incentive
Stock Option.  To the extent the number
of Shares exceeds the limit set forth in Section 4 of the Plan, such Shares
shall be deemed granted pursuant to a Nonqualified Stock Option.  In such event, then unless otherwise
indicated by Participant in the notice of exercise pursuant to Section 6 above,
upon any exercise of this Stock Option, the number of exercised Shares that
shall be deemed to be exercised pursuant to an Incentive Stock Option shall
equal the total number of Shares so exercised multiplied by a fraction, (a) the
numerator of which is the number of unexercised Option Shares that could then
be exercised pursuant to an Incentive Stock Option and (b) the denominator of
which is the then total number of unexercised Option Shares that could then be
exercised.  If Common Stock acquired upon
exercise of this Stock Option is disposed of by Participant in a “Disqualifying
Disposition,” such Participant shall notify the Company in writing within 30
days after such disposition of the date and terms of such disposition.  For purposes hereof, “Disqualifying
Disposition” means a disposition of Common Stock that is acquired upon the
exercise of an Incentive Stock Option prior to the expiration of either two
years from the Grant Date of such Incentive Stock Option or one year from the
transfer of Shares to Participant pursuant to the exercise of such Incentive
Stock Option.  If a Disqualifying
Disposition occurs, the tax requirements described in Section 10 will apply.

 

10.           Tax Requirements and
Withholdings for Nonqualified Stock Options.  This Section 10 will apply only if this Stock
Option is identified as a Nonqualified Stock Option or NQ on the Certificate or
is considered a Nonqualified Stock Option under Section 9 above.  In order to provide the Company and its
Subsidiaries with the opportunity to claim the benefit of any income tax
deduction in any jurisdiction which may be available to it upon the exercise of
the Nonqualified Stock Option, and in order to comply with all applicable
income tax laws or regulations of any applicable country, state or other jurisdiction,
the Company and its

 

5

 

Subsidiaries may take such action as it deems appropriate to ensure
that, if necessary, all applicable payroll, withholding, income, NIC or other
taxes (of any applicable country, state or other jurisdiction) are withheld or
collected from Participant.  Participant
may elect to satisfy Participant’s minimum income tax withholding obligations
under such laws or regulations upon exercise of the Option by (i) paying that
amount by wire transfer or check (bank check, certified check or personal
check), (ii) having the Company or its Subsidiaries withhold a portion of the
shares of Shares otherwise to be delivered upon exercise of such Option having
a Fair Market Value in United States dollars (on the date of exercise of
Option) equal to the minimum amount of such taxes required to be withheld on
such exercise, in accordance with the rules of the Committee, or (iii)
delivering to the Company for cancellation, in accordance with the rules of the
Committee, shares of Common Stock which have a Fair Market Value equal to such
tax withholdings and which either (a) were purchased on a national stock
exchange or on the NASDAQ NMS system or (b) have been issued and outstanding
more than six months.  The Company may,
at its discretion, require Participant to pay the withholding taxes under
clause (i) above in lieu of the alternatives in clauses (ii) or (iii) above.

 

11.           Investment
Representation.  Unless the Common
Stock is issued to Participant in a transaction registered under applicable
federal and state securities laws, Participant represents and warrants to the
Company that all Common Stock which may be purchased hereunder will be acquired
by Participant for investment purposes for Participant’s own account and not
with any intent for resale or distribution in violation of federal or state
securities laws.  Unless the Common Stock
is issued to Participant in a transaction registered under the applicable federal
and state securities laws, all certificates issued with respect to the Common
Stock shall bear an appropriate restrictive investment legend.

 

12.           Impact
on Employment Status.  This Agreement, the Certificate and the Plan
are not an employment contract.  Nothing
contained in this Agreement, the Certificate or the Plan shall confer on
Participant any right to continue in the employ of the Company or any
Subsidiary or other affiliate of the Company or affect in any way the right of
the Company or any Subsidiary or other affiliate to terminate the employment of
Participant at any time.

 

13.           Adjustments.  In the event of any stock split, stock
dividend, recapitalization or combination of shares by the Company after the
Grant Date, the number of Shares subject to the Option and the Grant Price per
Share shall be equitably adjusted in the same manner as the outstanding shares
of Common Stock, in accordance with the rules of the Committee.  The number of Option Shares designated in the
Certificate has been adjusted for all stock splits that were effective before
the Grant Date.

 

14.           Non-Transferability
of Option.  This Stock Option is not
assignable or transferable by Participant except by will or by the laws of
descent and distribution.

 

15.           Consent to Internal
Use of Personal Data.  Participant
consents to the Company’s and its Subsidiaries’ (and the Company’s stock option
administrator) receiving and using personal data related to Participant for
employment-related purposes only and for gathering and making required reports
to government authorities.

 

15.           No Right of Future
Stock Option Grants.  Nothing
contained in this Agreement, the Certificate or the Plan shall confer on
Participant any right to receive any additional stock options in the future
from the Company, Subsidiary or any other affiliate of the Company or affect in
any

 

6

 

way the right of the Company,
Subsidiary or any other affiliate to terminate the granting of stock options at
any time.

 

16.           Interpretation
of Terms; General.  The Committee shall interpret the terms of
the Option and this Agreement, the Certificate and Plan and all determinations
shall be final and binding.  The Option
and this Agreement, the Certificate and Plan (1) are governed by the laws of
the State of Minnesota, (2) may be amended only in writing, signed by an
executive officer of the Company, and (3) supersede any other verbal or written
agreements or representations concerning the Option.

 

17.           Official Language.  The official language of the Option and this
Agreement, the Certificate and Plan is English. 
Documents or notices not originally written in English shall have no
effect until they have been translated into English, and the English
translation shall then be the prevailing form of such documents or notices.  Any notices or other documents required to be
delivered to the Company (or stock option administrator) under this Notice,
shall be translated into English, at Participant’s expense, and provided
promptly to the Company in English (to the attention of the Company’s Corporate
Secretary).  The Company may also request
an untranslated copy of such documents.

 

7

 

18.           Signature and
Validity.  An executive officer of
the Company has signed this Agreement electronically on behalf of the
Company.   The Participant is deemed to
have signed this Agreement and agreed to all of its terms by having
electronically indicated Participant’s acceptance and agreement on the
Certificate on the Salomon Smith Barney website at www.benefitaccess.com.  If there is any discrepancy between the
number of Option Shares shown in the Certificate and the number shown in the
records of the Company’s Corporate Secretary, the records of the Company’s
Corporate Secretary shall prevail.

 

Lawson Software, Inc.

 

 

	
  By

  	
  /s/ H. Richard Lawson

  	
   

  
	
   

  	
  H. Richard Lawson,

  
	
   

  	
  Chairman

  

 

8Exhibit 10.7

 

LAWSON
SOFTWARE, INC.

RESTRICTED STOCK AWARD AGREEMENT

 

This RESTRICTED
STOCK AWARD AGREEMENT (the “Agreement”)
is made this 2nd day of June, 2005, by and between Lawson Software, Inc. a
Delaware corporation (the “Company”)
and Harry Debes (“Participant”).

 

1.             Award.  The Company hereby grants to
Participant a restricted stock award of 100,000 shares (the “Shares”) of Common Stock, par value $.01
per share, of the Company according to the terms and conditions set forth
herein and in the Lawson Software, Inc. 1996 Stock Incentive Plan (the “Plan”). 
The Shares are Restricted Stock granted under Section 10 of the
Plan.  A copy of the Plan will be
furnished upon request of Participant. 
With respect to the Shares, Participant shall be entitled at all times
on and after the date of issuance of the Shares to exercise the rights of a
stockholder of Common Stock of the Company, including the right to vote the
Shares and the right to receive dividends on the Shares.  On the date of issuance of the Shares,
Participant shall pay the Company a purchase price of $0.01 per Share
($1,000.00 in the aggregate).

 

2.             Vesting.  Subject to acceleration to the extent
described in Sections 2(h) or 2(i) below the Shares shall vest in accordance
with the following schedule:(1)

 

	
  On each of

  the following dates

  	
   

  	
  Number of Shares

  Vested

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  June 1, 2006

  	
   

  	
  50,000

  	
   

  
	
  June 1, 2007

  	
   

  	
  50,000

  	
   

  

 

(a)           The
term “Cause” means Termination of Participant’s Service initiated by the
Company or its Subsidiaries because of: 
(1) if Participant has entered into any written and executed contract(s)
with the Company or its Subsidiaries, any material breach by Participant of
such contract that has a material adverse effect on the Company or any
Subsidiary (as reasonably determined by the Company) and which is not or cannot
reasonably be cured within 10 days after written notice from the Company to
Participant; (2) any material violation by Participant of the Company’s or a
Subsidiary’s policies, rules or regulations that has a material adverse effect
on the Company or any Subsidiary (as reasonably determined by the Company) and
which is not or cannot be cured within 10 days after written notice from the
Company to Participant; (3) commission of any act of fraud, embezzlement or
dishonesty by Participant that is materially injurious to the Company or any
Subsidiary (as reasonably determined by the Company); (4) any other intentional
misconduct by Participant adversely affecting the business or affairs of the
Company or any Subsidiary in any material manner (as reasonably determined by
the Company); or (5) intentional or willful failure of Participant to perform
Participant’s responsibilities under any then current employment agreement
between Participant and Company, other than as a result of permitted leave of
absence, vacation, injury or illness.

 

 

(b)           The
term “Change of Control Transaction” means (1) the closing of a tender offer or
exchange offer for the ownership of 50% or more of the outstanding voting
securities of the Company, (2) the Company shall have entered into a definitive
agreement with respect to a tender offer, exchange offer or merger,
consolidation or other business combination with another corporation and as a
result of such tender offer, exchange offer, merger, consolidation or
combination 50% or fewer of the outstanding voting securities of the surviving
or resulting corporation are owned in the aggregate by the former stockholders
of the Company, other than affiliates (within the meaning of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)) of any party to such
merger or consolidation, as the same shall have existed immediately prior to
such merger or consolidation, (3) the Company shall have entered into a
definitive agreement to sell substantially all of its assets to another
corporation which is not a direct or indirect wholly owned Subsidiary of the
Company, (4) a person, within the meaning of Section 3(a)(9) or of Section
13(d)(3) (as in effect on the date of this Agreement) of the Exchange Act,
shall acquire 50% or more of the outstanding voting securities of the Company
(whether directly, indirectly, beneficially or of record) (for purposes hereof,
ownership of voting securities shall take into account and shall include
ownership as determined by applying the provisions of Rule 13d-3(d)(1)(i) as in
effect on the date of this Agreement) pursuant to the Exchange Act, (5)
approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company, or (6) individuals who constitute the Company’s
Board of Directors on the date of this Agreement (the “Incumbent Board”) cease
for any reason to constitute at least a majority thereof, provided that any
person becoming a director subsequent to the date of this Agreement whose
election, or nomination for election by the Company’s stockholders, was
approved by a vote of at least 50% of the directors comprising the Incumbent
Board shall be, for purposes of this clause (6), considered as though such
person were a member of the Incumbent Board. 
The definition of a “Change in Control” in the 1996 Stock Incentive Plan
shall not apply to this Stock Option.

 

(c)           The
term “Disability” means Participant’s permanent disability as defined under any
long term disability plan of the Company, or in the absence of such plan, the
inability of Participant, due to illness or injury, to substantially perform
Participant’s duties (after taking into account any reasonable accommodation
required by the Americans with Disabilities Act) for a period of at least 180
consecutive days.  Termination of
Participant’s Service because of a permanent disability as defined under any
retirement plan of the Company or its Subsidiaries.  The determination of a Disability shall be
based on competent medical opinion.

 

(d)           The
term “Good Reason” means:  (1) Company
effects a material diminution of Participant’s duties or reporting
responsibilities or a diminution of Participant’s title of Chief Executive
Officer of the Company; (2) the failure by Company, or its successor, if any,
to pay compensation or provide benefits or perquisites to Participant as and
when required; or (3) any material breach by Company of any Employment
Agreement between the Company and Participant.

 

(e)           “Lawson/Intentia
Transaction” means the business combination announced on or about June 2, 2005,
under which the Company (or an affiliate of the Company) has offered to
purchase all of the capital stock of Intentia International AB.

 

(f)            The
term “Subsidiary” or “Subsidiaries” means any corporation at least a majority
of whose securities having ordinary voting power for the election of directors
(other than securities having such power only by reason of the occurrence of a
contingency) is at the time owned by the Company and/or one (1) or more
Subsidiaries.

 

2

 

(g)           The
term “Termination of Participant’s Service” means the last day of Participant’s
regular full time or part time employment with the Company and its
Subsidiaries.

 

(h)           If
the Lawson/Intentia Transaction terminates or has not closed by May 31, 2006
(the earlier of such dates is referred to as the “Transaction Termination Date”),
and Participant is employed by the Company on the Transaction Termination Date,
then 100% of the Shares shall automatically vest as of the Transaction
Termination Date.

 

(i)            100%
of the Shares shall automatically vest upon any of the following events:  (1) Termination of Participant’s Service
because of Participant’s death or Disability, (2) Termination of Participant’s
Service by the Company, other than for Cause (whether or not there is a Change
of Control Transaction) or (3) Termination of Participant’s Service by
Participant for Good Reason (whether or not there is a Change of Control
Transaction).

 

(j)            Except
as otherwise described in Sections 2(h) or (i) above, none of the provisions in
the Plan pertaining to acceleration of vesting shall apply to the Shares.

 

3.             Restrictions on Transfer. 
Until the Shares vest pursuant to Section 2 hereof, none of the Shares
may be pledged, alienated, attached or otherwise encumbered, and any purported
pledge, alienation, attachment or encumbrance shall be void and unenforceable
against the Company, and no attempt to transfer the Shares, whether voluntary
or involuntary, by operation of law or otherwise, shall vest the purported
transferee with any interest or right in or with respect to the Shares.

 

4.             Forfeiture.  If for any reason Participant ceases to be an
employee of the Company or any Affiliate (as defined in the Plan) prior to
vesting of the Shares pursuant to Section 2 hereof, all of Participant’s
rights to all of the unvested Shares shall be immediately and irrevocably
forfeited.  Upon forfeiture, Participant
will no longer have any rights relating to the unvested Shares, including the right
to vote the Shares and the right to receive dividends declared on the Shares.

 

5.             Distributions
and Adjustments.

 

(a)  If any
Shares vest subsequent to any change in the number of character of the Common
Stock of the Company (through any stock dividend or other distribution,
recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase or exchange of
shares, or otherwise), Participant shall receive upon such vesting the number and
type of securities or other consideration which Participant would have received
if such Shares had vested prior to the event changing the number or character
of the outstanding Common Stock.

 

(b)  Any
additional shares of Common Stock of the Company, any other securities of the
Company and any other property (except for regular cash dividends or other cash
distributions) distributed with respect to the Shares prior to the date or
dates the Shares vest shall be subject to the same restrictions, terms and conditions
as the Shares to which they relate and shall be promptly deposited with the
Secretary of the Company or a custodian designated by the Secretary.

 

6.             Miscellaneous.

 

(a)  Issuance
of Shares.  The Company shall cause
the Shares to be issued in the name of Participant, either by book-entry
registration or issuance of a stock certificate or certificates evidencing the
Shares, which certificate or certificates shall be held by the Secretary of the
Company or the stock

 

3

 

transfer
agent or brokerage service selected by the Secretary of the Company to provide
such services for the Plan.  The Shares
shall be restricted from transfer and shall be subject to an appropriate
stop-transfer order.  If any certificate
is used, the certificate shall bear an appropriate legend referring to the
restrictions applicable to the Shares. 
Participant hereby agrees to the retention by the Company of the Shares
and, if a stock certificate is used, agrees to execute and deliver to the
Company a blank stock power with respect to the Shares as a condition to the
receipt of this award of Shares.  After
any Shares vest pursuant to Section 2 hereof, and following payment of the
applicable withholding taxes, the Company shall promptly cause to be issued a
certificate or certificates, registered in the name of Participant or in the
name of Participant’s legal representatives, beneficiaries or heirs, as the
case may be, evidencing such vested whole Shares (less any shares withheld to
pay withholding taxes) and shall cause such certificate or certificates to be
delivered to Participant or Participant’s legal representatives, beneficiaries
or heirs, as the case may be, free of the legend or the stop-transfer order
referenced above.  The value of any
fractional Shares shall be paid in cash at the time certificates evidencing the
Shares are delivered to Participant.

 

(b)  Income
Tax Matters.

 

(i)            In
order to comply with all applicable federal or state income tax laws or
regulations, the Company may take such action as it deems appropriate to ensure
that all applicable federal or state payroll, withholding, income or other
taxes, which are the sole and absolute responsibility of Participant, are
withheld or collected from Participant.

 

(ii)           In
accordance with the terms of the Plan, and such rules as may be adopted by the
Committee under the Plan, Participant may elect to satisfy Participant’s
federal and state income tax withholding obligations arising from the receipt
of, or the lapse of restrictions relating to, the Shares, by (i) delivering
cash, check (bank check, certified check or personal check) or money order
payable to the Company, (ii) having the Company withhold a portion of the
Shares otherwise to be delivered having a Fair Market Value equal to the amount
of such taxes, or (iii) delivering to the Company shares of Common Stock
already owned by Participant having a Fair Market Value equal to the amount of
such taxes.  Any shares already owned by Participant
for no less than six months prior to the date delivered to the Company if such
shares were acquired upon the exercise of an option or upon the vesting of
restricted stock units or other restricted stock.  The Company will not deliver any fractional
Shares but will pay, in lieu thereof, the Fair Market Value of such fractional
Shares.  Participant’s election must be
made on or before the date that the amount of tax to be withheld is determined.

 

(c)  Plan
Provisions Control.  In the event
that any provision of the Agreement conflicts with or is inconsistent in any
respect with the terms of the Plan, the terms of the Plan shall control.

 

(d)  No Right
to Employment.  The issuance of the
Shares shall not be construed as giving Participant the right to be retained in
the employ, or as giving a director of the Company or an Affiliate the right to
continue as a director, of the Company or an Affiliate, nor will it affect in
any way the right of the Company or an Affiliate to terminate such employment
or position at any time, with or without cause. 
In addition, the Company or an Affiliate may at any time dismiss
Participant from employment, or terminate the term of a director of the Company
or an Affiliate, free from any liability or any claim under the Plan or the
Agreement.  Nothing in the Agreement shall confer on any person
any legal or equitable right against the Company or any Affiliate, directly or
indirectly, or give rise to any cause of action at law or in equity against the
Company or an Affiliate.  The Award
granted hereunder shall not form any part of the wages or salary of Participant
for purposes of severance pay or termination indemnities, irrespective of the
reason for termination of employment. 
Under no circumstances shall any person ceasing to be an employee of the
Company or any Affiliate be entitled to any compensation for any loss of any
right or

 

4

 

benefit under the Agreement or Plan which such employee might
otherwise have enjoyed but for termination of employment, whether such
compensation is claimed by way of damages for wrongful or unfair dismissal,
breach of contract or otherwise.  By
participating in the Plan, Participant shall be deemed to have accepted all the
conditions of the Plan and the Agreement and the terms and conditions of any
rules and regulations adopted by the Committee (as defined in the Plan) and
shall be fully bound thereby.

 

(e)  Governing
Law.  The validity, construction and
effect of the Plan and the Agreement, and any rules and regulations relating to
the Plan and the Agreement, shall be determined in accordance with the internal
laws, and not the law of conflicts, of the State of Minnesota.

 

(f)  Securities
Matters.  The Company shall not be
required to deliver Shares until the requirements of any federal or state
securities or other laws, rules or regulations (including the rules of any
securities exchange) as may be determined by the Company to be applicable are
satisfied.

 

(g)  Severability.  If any provision of the Agreement is or
becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction or would disqualify the Agreement under any law deemed applicable
by the Committee, such provision shall be construed or deemed amended to
conform to applicable laws, or if it cannot be so construed or deemed amended
without, in the determination of the Committee, materially altering the purpose
or intent of the Plan or the Agreement, such provision shall be stricken as to
such jurisdiction or the Agreement, and the remainder of the Agreement shall
remain in full force and effect.

 

(h)  No Trust
or Fund Created.  Neither the Plan
nor the Agreement shall create or be construed to create a trust or separate
fund of any kind or a fiduciary relationship between the Company or any
Affiliate and Participant or any other person.

 

5

 

(i)  Headings.  Headings are given to the Sections and
subsections of the Agreement solely as a convenience to facilitate
reference.  Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Agreement or any provision thereof.

 

IN WITNESS WHEREOF,
the Company and Participant have executed this Restricted Stock Award Agreement
on the date set forth in the first paragraph.

 

 

	
   

  	
  Lawson Software, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ H. Richard Lawson

  	
   

  
	
   

  	
  Name:

  	
  H. Richard Lawson,

  
	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
  Participant:

  
	
   

  	
   

  
	
   

  	
  /s/ Harry Debes

  	
   

  
	
   

  	
  Name: Harry Debes

  
						

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]