Document:

Exhibit 10.1

 

AGREEMENT

 

1.             The intent of this Agreement

(“Agreement”) is to mutually and amicably resolve all issues relating to the

employment of Dennis H. Jones (“Jones”) by Commerce One Operations, Inc. and

Commerce One, Inc. (“Commerce One”). 

The parties agree that Jone’s last day of employment at Commerce One

will be June 30, 2002.

 

2.             Loan Repayment.  The Indemnity Agreement Secured by Deed of

Trust by and between Commerce One, Inc. and Dennis H. Jones, dated August 22,

2001 is ammended by deleting the current Section 4 (iii) and inserting in its

place the following:

 

“(iii) convey

the Property and all items purchased with funds from the Supplemental Loan

(“Total Property”) to the Company by grant deed and general warranty bill of

sale subject only to those exceptions to title to which the deed of trust is

subject (with such conveyance of the Total Property constituting full

satisfaction of Jones’ indemnity obligations).”

 

3.             Non-solicitation.  In consideration of the foregoing, Jones

agrees that for a period of one year from the effective date of this Agreement,

he will not directly or indirectly solicit, induce or encourage any employee of

Commerce One to terminate his or her employment with the Company for any

reason.  Jones further agrees that for a

period of one year, he will not solicit, induce or encourage on behalf of any

competing entity, either directly or indirectly, any customer of Commerce One

to the extent the identity of the customer constitutes a trade secret or

proprietary information of Commerce One, nor will he disclose any Commerce One

trade secret or proprietary information for any purpose.

 

4.             Return of Commerce One Property.  Jones agrees that any rights he obtains

under this Agreement are contingent upon his returning all Commerce One

property in his possession or control, except for the agreed upon computer

equipment that is installed at his primary Memphis residence (“Computer

Equipment”), to which Jones shall take title. 

Such Computer Equipment is conveyed “as is” and Commerce One disclaims

all warranties relating to the Computer Equipment, including without limitation

the warranties of title, merchantability and fitness for a particular purpose.

 

5.             General Release.  In consideration of the foregoing, Jones,

his successors and assigns completely release Commerce One and all its parents,

subsidiaries, affiliates, agents, employees, predecessors, successors,

shareholders, directors and assigns from all claims, rights, demands, actions,

obligations, and causes of action of every kind, known or unknown, which Jones

may now have, or ever has had, arising from or in any way connected with his

employment or application for employment with Commerce One, including but not

limited to claims regarding any payment, benefits or compensation of any form

(during employment or upon or after separation), claims under the California

Fair Employment and Housing Act, Title VII of the Civil Rights Act of 1964,

this Age Discrimination in Employment Act of 1967, the Americans With

Disabilities Act, all claims relating to any contracts, express or implied, and

any claims for breach of the covenant of good faith and fair dealing, express

or implied; all “wrongful discharge” claims; any breach of fiduciary

responsibility; any tort of any nature; and any other laws and regulations

relating to employment and any and all claims for attorney’s fees and costs

that are not specifically addressed in this Agreement.

 

Nothing in

this Agreement shall constitute a waiver of any rights Jones may have to

indemnification for third-party claims for actions taken in the course and

scope of his employment at Commerce One.

 

 

6.             Release of Unknown Claims.  Section 1542 of the Civil Code of the State

of California provides as follows:

 

A GENERAL

RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT

TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IS KNOWN BY

HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

 

Jones

understands that the Civil Code section quoted above gives him the right to

refuse to release existing claims of which he is not now aware, unless he

voluntarily chooses to waive this right. 

Jones voluntarily elects to waive all claims that now exist against

Commerce One, if any, whether known or unknown.

 

7.             Covenant Not to Sue.  At no time after signing this Agreement will

Jones pursue, assist, cause, or knowingly permit the prosecution of, in any

state, local, federal or foreign court, administrative agency, or other

tribunal, any claim of any kind, known or unknown, which he may have or has

ever had against Commerce One and/or any officer, director, employee or agent

of Commerce One, which is based in whole or in part on any matter covered by

this Agreement.

 

8.             Severability of Terms.  Should any provision of this Agreement be

determined to be invalid by a court or government agency of competent

jurisdiction, that provision will be limited or eliminated to the minimum

extent necessary so that this Agreement shall otherwise remain in full force

and effect and enforceable.

 

9.             Entire Agreement.  This Agreement supersedes and voids all

prior agreements (oral or written), if any, between Jones and Commerce One,

regarding any salary, benefits, or other compensation from the Company of any

form and constitutes the entire agreement between the parties with respect to

the subject matter hereof.  This

provision shall not, however, supersede the following: (a) the Indemnification

Agreement between Jones and Company dated April 2, 2001, (b) the Employee

Proprietary Information Agreement between Jones and Company dated April 2,

2001, or (c) except as provided in Section 2 of this Agreement, the Employee

Loan Agreement (including the related Indemnity Agreement Secured by Deed of

Trust, Tax Matters Agreement, Deed of Trust with Assignment of Rents, Rider to

Deed of Trust and Substitution of Trustee and Reconveyance of Deed of

Trust).  Except as expressly amended

hereby, such agreements shall remain in full force and effect in accordance

with their terms.

 

10.           Voluntary and Informed Agreement.  This Agreement constitutes the understanding

of the parties on the subjects covered. 

Jones expressly warrants that he has read and fully understands this

Agreement; that he has had the opportunity to consult with legal counsel of his

own choosing and to have the terms of the Agreement fully explained to him;

that he is not executing this Agreement in reliance on any promises,

representations or inducements other than those contained herein; and that he

is executing this Agreement voluntarily, free of any duress or coercion.

 

11.           Revocation Period.  Jones acknowledges that after having the

opportunity to consult with an attorney prior to signing this Agreement, he

understands he has twenty-one days in which to consider whether to sign this Agreement;

and that he further understands that if he signs this Agreement, he will be

given seven days following the date on which he signs this Agreement to revoke

it and that this Agreement will not be effective until after this seven-day

period had lapsed.

 

2

 

12.           Effective Date.  Each and every term of this Agreement shall

become effective on the eighth day after it is signed by all parties.

 

	

  Dated:  6/17/02

  	

   

  	

  /s/ Dennis

  Jones

  	

   

  
	

   

  	

   

  	

  Dennis Jones

  
	

   

  	

   

  	

   

  
	

  Dated:  6/20/02

  	

   

  	

  /s/ Mark

  Hoffman

  	

   

  
	

   

  	

   

  	

  Mark

  Hoffman,

  
	

   

  	

   

  	

  Chief

  Executive Officer

  
	

   

  	

   

  	

  For Commerce

  One, Inc.

  
	

   

  	

   

  	

  Commerce One

  Operations, Inc.

  

 

3Exhibit 10.2

 

AGREEMENT AND RETENTION BONUS

 

This agreement

is made between Commerce One Operations, Inc. (“Commerce One”), a Delaware

Corporation, and Andy Hayden (“Mr. Hayden”). 

In consideration for Mr. Hayden’s continued employment at Commerce One,

the sufficiency of which both parties expressly acknowledge, Commerce One

agrees to the provide Mr. Hayden with the terms described below.

 

1) Commerce

One will not decrease Mr. Hayden’s annual salary below its current level

through March 1, 2003 so long as Mr. Hayden continues to perform his job duties

on a full-time basis.

 

2) In the

event Mr. Hayden remains with Commerce One and continues to perform his job

duties on a full-time basis through March 1, 2003, Commerce One will guarantee

Mr. Hayden full payment of his annual bonus target in the amount of one hundred

and forty four thousand dollars ($144,000), and will pay Mr. Hayden a retention

bonus of seventy five thousand dollars ($75,000).  Both payments will be made in the March 15, 2003 payroll cycle

and will be subject to applicable tax withholdings.

 

Nothing in

this Agreement shall negate, alter, or supplement any term contained in Mr.

Hayden’s “Commerce One, Inc. Change of Control Severance Agreement” (“Change of

Control Agreement”) dated June 18, 2002. 

In the event of a change in control, the Change of Control Agreement

will exclusively govern all benefits available to Mr. Hayden and will take

precedence over any inconsistent or additional term herein.  In addition, to the extent Mr. Hayden’s

employment ends prior to March 1, 2003 for reasons other than change of

control, his separation benefits and/or bonuses, if any, will be governed by

Company policies in effect at that time for employees at Mr. Hayden’s level of

seniority.

 

 

	

  Dated:  7/15/02

  	

   

  	

   

  	

  /s/ Andy

  Hayden

  	

   

  
	

   

  	

   

  	

   

  	

  Andy Hayden

  
	

   

  	

   

  	

   

  	

   

  
	

  Dated:  July 15, 2002

  	

   

  	

   

  	

  /s/ Diana K.

  Jacobs

  	

   

  
	

   

  	

   

  	

   

  	

  Diana K.

  Jacobs,

  
	

   

  	

   

  	

   

  	

  Chief

  Administrative Officer

  
	

   

  	

   

  	

   

  	

  For Commerce

  One Operations, Inc.

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