Document:

exv10w9

 

Exhibit 10.9

Employment Agreement

Universal Biosensors Pty Ltd

ACN 098 234 309

Garry Chambers

 

 

Contents

	 	 	 	 	 	 	 
	1.

	 	Definitions and Interpretation
	 	 	3	 
	2.

	 	Interpretation
	 	 	4	 
	3.

	 	Appointment
	 	 	4	 
	4.

	 	Term
	 	 	5	 
	5.

	 	Position and Duties
	 	 	5	 
	6.

	 	Remuneration and Benefits
	 	 	6	 
	7.

	 	Confidential Information
	 	 	7	 
	8.

	 	Cessation of Employment Obligations
	 	 	8	 
	9.

	 	Intellectual Property
	 	 	8	 
	10.

	 	Termination
	 	 	9	 
	11.

	 	Non Competition
	 	 	11	 
	12.

	 	Notice
	 	 	12	 
	13.

	 	No Assignment
	 	 	12	 
	14.

	 	Governing Law
	 	 	12	 
	15.

	 	Counterparts
	 	 	12	 

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

Employment Agreement

Parties

	1.	 	Universal Biosensors Pty Ltd ACN 098 234 309 of 103 Ricketts Road Mount Waverley, Victoria
3149, Australia (Company).

	2.	 	Garry Chambers of 18 Nurlendi Road, Vermont Vic 3133, Australia (Employee).

Recital

	A.	 	The Employee commenced employment with the Company on the Commencement Date. The Employee
was previously employed pursuant to an employment agreement which has expired.

	B.	 	This agreement sets out the terms and conditions on which the Company has agreed to continue
to employ the Employee.

Operative clauses

	1.	 	Definitions and Interpretation
	 
	 	 	In this agreement, unless the context other wise requires:
	 
	 	 	Business means the research and development activities of the Company;
	 
	 	 	Business Day means any day on which trading banks are open for business in Melbourne,
Australia (other than a Saturday or a Sunday);
	 
	 	 	Confidential Information means any information obtained by the Employee in the course of the
Employment whether in written, electronic or oral form and including:

	 	a.	 	all commercial information about the Company and the Business and persons with
whom the Company and Business deal from time to time;
	 
	 	b.	 	all commercial information about the business, financial plans and strategy of
the Company including without limitation any mining or processing lease arrangements and
sales and marketing information;
	 
	 	c.	 	all trade secrets, know-how and other processes of the Business; and
	 
	 	d.	 	any information marked “confidential” or which the Company inform the Employee is
confidential or a trade secret;

     but excluding:

	 	e.	 	information in the public domain at the date of this agreement;

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	f.	 	information which comes into the public domain after the date of this agreement
otherwise than by breach of the Employee’s obligation of confidentiality contained in
this agreement; and
	 
	 	g.	 	information which the Employee lawfully possessed before obtaining it in the course
of the Employment;

EBIT means earnings before interest and tax;

Effective Date means the date set out in item 2 of the schedule to this agreement

Employment means the employment of the Employee by the Company commencing on the Commencement Date.

	2.	 	Interpretation

     In this agreement, unless the context otherwise requires:

	 	2.1	 	headings do not affect interpretation;
	 
	 	2.2	 	singular includes plural and plural includes singular;
	 
	 	2.3	 	words of one gender include any gender;
	 
	 	2.4	 	reference to a person includes a corporation, joint venture, association,
government body, firm and any other entity;
	 
	 	2.5	 	reference to a party includes that party’s personal representatives, successors
and permitted assigns;
	 
	 	2.6	 	a provision must be read down to the extent necessary to be valid. If it cannot
be read down to the extent, it must be severed;
	 
	 	2.7	 	another grammatical form of a defined expression has a corresponding meaning;
	 
	 	2.8	 	“$” or “dollars” is a reference to the lawful currency of Australia.

	3.	 	Appointment

	 	3.1	 	Employment
	 
	 	 	 	The Company continues to employ the Employee on the terms of this agreement.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	3.2	 	Location
	 
	 	 	 	The Employee will be based in Victoria, Australia unless otherwise agreed by the
Company and the Employee. The Employee may be required to travel from time to time as
the business dictates.

	4.	 	Term

	 	4.1	 	Start
	 
	 	 	 	The Employee commenced employment with the Company on the Commencement Date. This
agreement takes effect from the Effective Date.
	 
	 	4.2	 	End
	 
	 	 	 	The Employment ends on the date set out in item 3 of the schedule (as
extended from time to time under clause 4.3) or such earlier date the
Employment ceases or is terminated under this agreement.
	 
	 	4.3	 	Extensions
	 
	 	 	 	At least 3 months prior to the expiry of the term of the Employment in
accordance with clause 4.2 or by prior application of this clause 4.3,
the parties will meet to negotiate the terms of a replacement
employment agreement. If the parties do not meet during that 3 month
period or, if they fail to negotiate a replacement agreement during
that period, the Employment is automatically extended for a further 12
calendar months on the same terms and conditions as this agreement.

	5.	 	Position and Duties

	 	5.1	 	Title
	 
	 	 	 	The Employee is to be employed in the role and with the title set out in item 4 of the
schedule. The Company may from time to time change the title.
	 
	 	5.2	 	Responsibilities
	 
	 	 	 	The Employee will be responsible for the matters or activities described in item 5 of
the schedule. The Company may from time to time alter the duties or activities of the
Employee.
	 
	 	5.3	 	Duties
	 
	 	 	 	The Employee must:

	 	5.3.1	 	report as directed by their supervisor or Company senior management
in relation to the matters or activities for which the Employee is responsible;

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	5.3.2	 	observe all Company policies, rules, regulations and directions;
	 
	 	5.3.3	 	perform the responsibilities for which the Employee is employed
faithfully and to the best of the Employee’s ability and the parties will consult
with each other where necessary to enable the Employee to properly perform his
responsibilities;
	 
	 	5.3.4	 	use the Employee’s best endeavours in the furtherance of the
business of the Company; and
	 
	 	5.3.5	 	work during normal business hours and other hours reasonably
required by the Company.

	 	5.4	 	Exclusivity
	 
	 	 	 	The Employee will devote his time and attention exclusively to the Business
and affairs of the Company.

	6.	 	Remuneration and Benefits

	 	6.1	 	Salary

	 	6.1.1	 	On and from the Effective Date, the Employee is entitled to a salary
of the amount set out in item 6 of the schedule.
	 
	 	6.1.2	 	The salary is to be paid by equal monthly installments into a bank
account nominated by the Employee.

	 	6.2	 	Salary Review
	 
	 	 	 	The annual salary in clause 6.1 is to be reviewed at the interval set out in item 7 of
the schedule. Any increase is to be effective on such review date even if the
determination of the amount of salary increase occurs later.
	 
	 	6.3	 	Other Benefits
	 
	 	 	 	The Employee will be entitled to:

	 	6.3.1	 	leave –annual leave as required by law to be taken at times to be
agreed with the Company;
	 
	 	6.3.2	 	sick leave and long service leave – in accordance with the law;
	 
	 	6.3.3	 	expenses – reimbursement of expenses properly incurred in the course
of the Employment subject to provision to the Company of receipts and related
documentation in accordance with the policies and procedures established by the
Managing Director from time to time; and

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	6.3.4	 	superannuation payments – in accordance with the law,
	 
	 	6.3.5	 	other benefits set out in item 8 of the schedule.

	 	6.4	 	For the avoidance of doubt, all of the Employee’s entitlements accrue from the
Commencement Date.

	7.	 	Confidential Information

	 	7.1	 	Maintenance of Confidentiality
	 
	 	 	 	During and after the Employment, the Employee may use or disclose Confidential
Information only for the following purposes:

	 	7.1.1	 	to perform the Employee’s responsibilities and discharge the
Employee’s duties under this agreement;
	 
	 	7.1.2	 	if the Company has otherwise consented in writing;
	 
	 	7.1.3	 	if required by statute or law; or
	 
	 	7.1.4	 	if required to be used or disclosed by the Employee in connection
with any actual, prospective or threatened legal proceedings.

	 	7.2	 	Security
	 
	 	 	 	The Employee must:

	 	7.2.1	 	keep the Confidential Information in the Employee’s custody or
control (to the extent not within the custody or control of the Company);
	 
	 	7.2.2	 	keep the Confidential Information in a reasonably secure manner;
	 
	 	7.2.3	 	immediately notify the Company of any suspected or actual
unauthorised use, copying or disclosure of Confidential Information of which the
Employee becomes aware;
	 
	 	7.2.4	 	at the Company’s expense, provide any assistance reasonably
requested by the Company from time to time in relation to any proceedings the
Company may institute to protect the Confidential Information from unauthorised
use, copying or disclosure;
	 
	 	7.2.5	 	not make any unauthorised copies of the whole or any part of the
Confidential Information; and
	 
	 	7.2.6	 	if required by the Company, mark copies of Confidential Information
“confidential”.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	7.3	 	Continuing Obligations
	 
	 	 	 	The obligations of the Employee under this clause 7, survive termination of the
agreement.

	8.	 	Cessation of Employment Obligations
	 
	 	 	Upon cessation of the Employment, the Employee must:

	 	8.1	 	deliver all Confidential Information in the Employee’s custody or control to the
Company or at the Company’s direction.
	 
	 	8.2	 	delete all Confidential Information held in electronic or other media form in the
Employee’s custody or control; and
	 
	 	8.3	 	if requested by the Company, provide a certificate confirming that the Employee has
complied with its obligations under this clause.

	9.	 	Intellectual Property

	 	9.1	 	Disclosure
	 
	 	 	 	The Employee must promptly, fully and effectively disclose to the Company or its
nominee in such form as the Company may reasonably require, full details of:

	 	9.1.1	 	each and every invention (whether patentable or not), design
(whether registerable or not), trademark or service mark;
	 
	 	9.1.2	 	any copyright material;
	 
	 	9.1.3	 	any trade secret or other Confidential Information;
	 
	 	9.1.4	 	any computer program material (including source codes, algorithms,
logical ideas, concepts and processes, charts, tables and diagrams);
	 
	 	9.1.5	 	processes, know-how or improvements;
	 
	 	9.1.6	 	literary, artistic or other copyrightable works; and
	 
	 	9.1.7	 	any other intellectual property of any kind,

	 	 	 	made, written, developed or discovered by the Employee (whether alone or with others)
in the course of the Employment (whether in or out of working hours) and whether or not
capable of statutory protection.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	9.2	 	Assignment
	 
	 	 	 	In exchange for the benefits conferred on the Employee during the course of the
Employment, the Employee agrees that by reason of this clause, all Intellectual
Property created during the course of the Employment (whether in or out of working
hours) belongs to and is the property of the Company or its nominee. Accordingly the
Employee must:

	 	9.2.1	 	at the request and expense of the Company; and
	 
	 	9.2.2	 	without additional compensation from the Company,

	 	 	 	sign all such documents or instruments (including assignment deeds) and do all such
things as may be necessary to vest, confirm, perfect and record the ownership by the
Company or its nominee throughout the world of its right, title and interest to any
Intellectual Property and to enable the Company or its nominee to acquire and preserve
such rights and to have the full enjoyment of such rights.
	 
	 	9.3	 	The Employee consents to:

	 	9.3.1	 	all acts or omissions by the Company in relation to the Employee’s
moral rights in all Intellectual Property; and
	 
	 	9.3.2	 	the infringement of the Employee’s moral rights in all Intellectual
Property by the Company, its licensees, assignees and successors in title and any
person authorised by the Company at the absolute discretion of the Company and
without reference to the Employee.

	 	9.4	 	Continuing Obligations
	 
	 	 	 	The obligations of the Employee under this clause 9, survive termination of the
agreement.

	10.	 	Termination

	 	10.1	 	Resignation or Retirement

	 	10.1.1	 	The Employee may resign or retire by giving not less than 3 months written
notice to the Company. The Company may pay the Employee for the notice period in
lieu of notice, or require the Employee to work some of the notice period and pay
the Employee in lieu for the balance of the period.
	 
	 	10.1.2	 	The resignation or retirement is effective on expiry of the notice period
notified in accordance with clause 10.1.1.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	10.2	 	Termination for incapacity

	 	10.2.1	 	The Company may terminate the Employment at anytime if the Employee is mentally
or physically unfit to perform the Employee’s responsibilities and discharge the
Employee’s duties under this agreement for a total of 2 months in any 12 month
period.
	 
	 	10.2.2	 	The Company must give the Employee not less than 1 month’s written notice of its
intention to terminate under this clause 10.2.

	 	10.3	 	Termination for cause
	 
	 	 	 	The Company may terminate the Employment at any time with immediate effect for cause,
by giving written notice to the Employee specifying the cause of termination. For the
purpose of this agreement “cause” means:

	 	10.3.1	 	default by the Employee in the performance of the Employee’s responsibilities or
the discharge of the Employee’s duties under this agreement;
	 
	 	10.3.2	 	fraudulent or dishonest conduct by the Employee;
	 
	 	10.3.3	 	intemperate use of alcohol or drugs by the Employee;
	 
	 	10.3.4	 	conviction of the Employee for the commission of a felony; or
	 
	 	10.3.5	 	willful or intentional injury to the Company’s Business or affairs.

	 	10.4	 	Termination by Company on Notice
	 
	 	 	 	The Company may terminate the Employment at any time by giving 3 months written notice
to the Employee. The Company may pay the Employee for the notice period in lieu of
notice, or require the Employee to work some of the notice period and pay the Employee
in lieu for the balance of the period.
	 
	 	10.5	 	Reasonableness
	 
	 	 	 	The Employee acknowledges that the periods of notice or lack of a period of notice, as
the case may be, as set out in this clause 10, are fair and reasonable.
	 
	 	10.6	 	Accrued Rights
	 
	 	 	 	Termination of the Employment does not affect:

	 	10.6.1	 	any accrued rights or remedies one party may have against another in connection
with this agreement arising prior to termination; or

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	10.6.2	 	any accrued or future entitlement to any bonus under and in accordance with
clause 6.3

	 	10.7	 	Obligations on Termination or Cessation of Employment

	 	10.7.1	 	Termination or cessation of the Employment does not affect the Employee’s
obligations under clauses 7, 8, 9 or 11.
	 
	 	10.7.2	 	On termination or cessation of the Employment, the Employee must also deliver to
the Company or its nominee:

	 	(a)	 	all property belonging to or leased by the
Company in the Employees control (including, without limitation,
stationery, cheque books, books, documents, records, disks, access
cards, keys, telephones, computers, credit cards and vehicles)
	 
	 	(b)	 	computer log-in codes and all other passwords
and access codes; and
	 
	 	(c)	 	the matters required to be returned under
clause 8.

	 	10.8	 	Extension of Service
	 
	 	 	 	This agreement can be extended as per clause 4.4.
	 
	 	10.9	 	Redundancy
	 
	 	 	 	No “redundancy” or other termination payments, other than those set out in this
agreement are payable.

	11.	 	Non Competition

	 	11.1	 	Covenant

	 	11.1.1	 	On termination of the Employment for any reason, if requested by the Company:

	 	(a)	 	the provisions of clause 11.1.2 apply for up
to 12 months after the Employment is terminated as well as applying
during the period of the Employment; and
	 
	 	(b)	 	the provisions of clause 11.1.3 apply for up
to 12 months after the Employment is terminated.

	 	11.1.2	 	The Employee, if requested by the Company, must not, whether directly or
indirectly and whether on his own account or on behalf of any other person or
entity carry on, be engaged in, or be associated with, a business similar to the
business carried on by the Company.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	11.1.3	 	The Employee, if requested by the Company, must not, whether directly or
indirectly and whether on his own account or on behalf of any other person:

	 	(a)	 	induce or attempt to induce any person to
leave the employment of the Company; or
	 
	 	(b)	 	interfere with or seek to interfere with the
relationship between the Company (on one hand) and any third party (on
the other hand).

	 	11.2.	 	Consideration by Company
	 
	 	 	 	If the Company requests that the Employee undertake the provisions set out in clauses
11.1.1, 11.1.2 and/or 11.1.3, then the Company shall pay to the Employee the equivalent
of their salary just prior to the termination of the Employment, for the period set out
in clauses 11.1.1, 11.1.2 and/or 11.1.3.
	 
	 	11.3	 	Reasonableness
	 
	 	 	 	The Employee acknowledges that the prohibitions and restrictions contained in this
clause 11 are reasonable in the circumstances and necessary to protect the Company and
the Business and its goodwill.

	12.	 	Notice
	 
	 	 	Notices or other communications must be given in writing in the English language to the
address of the party listed at the beginning of this agreement or such other address as the
party may notify to the other for the purpose of this agreement. The notice or communication
may be delivered to the person’s address or facsimile.
	 
	13.	 	No Assignment
	 
	 	 	Neither party may:
	 
	13.1	 	assign its rights under this agreement to a third party; or
	 
	13.2	 	cause a third party to assume its obligations under this agreement.
	 
	14.	 	Governing Law
	 
	 	 	This agreement is governed by the law of Victoria.
	 
	15.	 	Counterparts
	 
	 	 	This agreement may be executed in any number of counterparts. A counterpart may be a
facsimile. Together all counterparts make up one document.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

EXECUTED as an agreement on 1 April 2002.

Signed for and behalf of

UNIVERSAL BIOSENSORS PTY LTD

/s/ Mark Morrisson

Managing Director

	 	 	 
	Signed by Garry Chambers
	 	 
	in the presence of:
	 	 /s/ Garry Chambers
	 

	 	 
	 

	 	Garry Chambers

/s/ T. Stamp

Witness

T. Stamp

Name (please print)

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

SCHEDULE

	 	 	 
	Item 1
	 	 
	 
	 	 
	Commencement Date:

	 	1 April 2002
	 
	 	 
	Item 2
	 	 
	 
	 	 
	Effective Date

	 	1 April 2006
	 
	 	 
	Item 3
	 	 
	 
	 	 
	End Date:

	 	3 years from the Effective Date or longer at the discretion of the Company.
	 
	 	 
	Item 4
	 	 
	 
	 	 
	Title:

	 	Head of Engineering
	 
	 	 
	Item 5
	 	 
	 
	 	 
	Responsibilities:

	 	To oversee and assist in implementing the engineering component of the
research and development activities of the Company, including supervising the
engineering team, being responsible for the development and implementation of strip
fabrication activities, and other duties as required by the directors.
	 
	 	 
	Item 6
	 	 
	 
	 	 
	Salary:

	 	$165,103 per annum
	 
	 	 
	Superannuation:

	 	9% or as required by law
	 
	 	 
	Item 7
	 	 
	 
	 	 
	Salary Review Date:

	 	Annually on 1st February
	 
	 	 
	Item 8
	 	 
	 
	 	 
	Other Benefits:

	 	Mobile Phone

Universal Biosensors Pty Ltd — 2006 Employment Agreementexv10w10

 

Exhibit 10.10

Employment Agreement

Universal Biosensors Pty Ltd

ACN 098 234 309

Ronald Chatelier

 

 

Contents

	 	 	 	 	 	 	 
	1.

	 	Definitions and Interpretation
	 	 	3	 
	2.

	 	Interpretation
	 	 	4	 
	3.

	 	Appointment
	 	 	4	 
	4.

	 	Term	 	 	5	 
	5.

	 	Position and Duties
	 	 	5	 
	6.

	 	Remuneration and Benefits
	 	 	6	 
	7.

	 	Confidential Information
	 	 	7	 
	8.

	 	Cessation of Employment Obligations
	 	 	8	 
	9.

	 	Intellectual Property
	 	 	8	 
	10.

	 	Termination
	 	 	9	 
	11.

	 	Non Competition
	 	 	11	 
	12.

	 	Notice
	 	 	12	 
	13.

	 	No Assignment
	 	 	12	 
	14.

	 	Governing Law
	 	 	12	 
	15.

	 	Counterparts
	 	 	12	 

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

Employment Agreement

Parties

	1.	 	Universal Biosensors Pty Ltd ACN 098 234 309 of 103 Ricketts Road Mount Waverley,
Victoria 3149, Australia (Company).
	 
	2.	 	Ronald Chatelier of 13 Apple Grove, Bayswater, Victoria 3153, Australia (Employee).

Recital

	A.	 	The Employee commenced employment with the Company on the Commencement Date. The Employee
was previously employed pursuant to an employment agreement which has expired.
	 
	B.	 	This agreement sets out the terms and conditions on which the Company has agreed to continue
to employ the Employee.

Operative clauses

	1.	 	Definitions and Interpretation
	 
	 	 	In this agreement, unless the context other wise requires:
	 
	 	 	Business means the research and development activities of the Company;
	 
	 	 	Business Day means any day on which trading banks are open for business in Melbourne,
Australia (other than a Saturday or a Sunday);
	 
	 	 	Confidential Information means any information obtained by the Employee in the course of the
Employment whether in written, electronic or oral form and including:

	 	a.	 	all commercial information about the Company and the Business and persons with
whom the Company and Business deal from time to time;
	 
	 	b.	 	all commercial information about the business, financial plans and strategy of
the Company including without limitation any mining or processing lease arrangements and
sales and marketing information;
	 
	 	c.	 	all trade secrets, know-how and other processes of the Business; and
	 
	 	d.	 	any information marked “confidential” or which the Company inform the Employee is
confidential or a trade secret;

but excluding:

	 	e.	 	information in the public domain at the date of this agreement;

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	f.	 	information which comes into the public domain after the date of this agreement
otherwise than by breach of the Employee’s obligation of confidentiality contained in
this agreement; and
	 
	 	g.	 	information which the Employee lawfully possessed before obtaining it in the course
of the Employment;

EBIT means earnings before interest and tax;

Effective Date means the date set out in item 2 of the schedule to this agreement

Employment means the employment of the Employee by the Company commencing on the Commencement Date.

	2.	 	Interpretation

In this agreement, unless the context otherwise requires:

	 	2.1	 	headings do not affect interpretation;
	 
	 	2.2	 	singular includes plural and plural includes singular;
	 
	 	2.3	 	words of one gender include any gender;
	 
	 	2.4	 	reference to a person includes a corporation, joint venture, association,
government body, firm and any other entity;
	 
	 	2.5	 	reference to a party includes that party’s personal representatives, successors
and permitted assigns;
	 
	 	2.6	 	a provision must be read down to the extent necessary to be valid. If it cannot
be read down to the extent, it must be severed;
	 
	 	2.7	 	another grammatical form of a defined expression has a corresponding meaning;
	 
	 	2.8	 	“$” or “dollars” is a reference to the lawful currency of Australia.

	3.	 	Appointment

	 	3.1	 	Employment
	 
	 	 	 	The Company continues to employ the Employee on the terms of this agreement.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	3.2	 	Location
	 
	 	 	 	The Employee will be based in Victoria, Australia unless otherwise agreed by the
Company and the Employee. The Employee may be required to travel from time to time as
the business dictates.

	4.	 	Term

	 	4.1	 	Start
	 
	 	 	 	The Employee commenced employment with the Company on the Commencement Date. This
agreement takes effect from the Effective Date.
	 
	 	4.2	 	End
	 
	 	 	 	The Employment ends on the date set out in item 3 of the schedule (as
extended from time to time under clause 4.3) or such earlier date the
Employment ceases or is terminated under this agreement.
	 
	 	4.3	 	Extensions
	 
	 	 	 	At least 3 months prior to the expiry of the term of the Employment in
accordance with clause 4.2 or by prior application of this clause 4.3,
the parties will meet to negotiate the terms of a replacement
employment agreement. If the parties do not meet during that 3 month
period or, if they fail to negotiate a replacement agreement during
that period, the Employment is automatically extended for a further 12
calendar months on the same terms and conditions as this agreement.

	5.	 	Position and Duties

	 	5.1	 	Title
	 
	 	 	 	The Employee is to be employed in the role and with the title set out in item 4 of the
schedule. The Company may from time to time change the title.
	 
	 	5.2	 	Responsibilities
	 
	 	 	 	The Employee will be responsible for the matters or activities described in item 5 of
the schedule. The Company may from time to time alter the duties or activities of the
Employee.
	 
	 	5.3	 	Duties
	 
	 	 	 	The Employee must:

	 	5.3.1	 	report as directed by their supervisor or Company senior management
in relation to the matters or activities for which the Employee is responsible;

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	5.3.2	 	observe all Company policies, rules, regulations and directions;
	 
	 	5.3.3	 	perform the responsibilities for which the Employee is employed
faithfully and to the best of the Employee’s ability and the parties will consult
with each other where necessary to enable the Employee to properly perform his
responsibilities;
	 
	 	5.3.4	 	use the Employee’s best endeavours in the furtherance of the
business of the Company; and
	 
	 	5.3.5	 	work during normal business hours and other hours reasonably
required by the Company.

	 	5.4	 	Exclusivity
	 
	 	 	 	The Employee will devote his time and attention exclusively to the Business
and affairs of the Company.

	6.	 	Remuneration and Benefits

	 	6.1	 	Salary

	 	6.1.1	 	On and from the Effective Date, the Employee is entitled to a salary
of the amount set out in item 6 of the schedule.
	 
	 	6.1.2	 	The salary is to be paid by equal monthly installments into a bank
account nominated by the Employee.

	 	6.2	 	Salary Review
	 
	 	 	 	The annual salary in clause 6.1 is to be reviewed at the interval set out in item 7 of
the schedule. Any increase is to be effective on such review date even if the
determination of the amount of salary increase occurs later.
	 
	 	6.3	 	Other Benefits
	 
	 	 	 	The Employee will be entitled to:

	 	6.3.1	 	leave -annual leave as required by law to be taken at times to be
agreed with the Company;
	 
	 	6.3.2	 	sick leave and long service leave — in accordance with the law;
	 
	 	6.3.3	 	expenses — reimbursement of expenses properly incurred in the course
of the Employment subject to provision to the Company of receipts and related
documentation in accordance with the policies and procedures established by the
Managing Director from time to time; and

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	6.3.4	 	superannuation payments — in accordance with the law,
	 
	 	6.3.5	 	other benefits set out in item 8 of the schedule.

	 	6.4	 	For the avoidance of doubt, all of the Employee’s entitlements accrue from the
Commencement Date.

	7.	 	Confidential Information

	 	7.1	 	Maintenance of Confidentiality
	 
	 	 	 	During and after the Employment, the Employee may use or disclose Confidential
Information only for the following purposes:

	 	7.1.1	 	to perform the Employee’s responsibilities and discharge the
Employee’s duties under this agreement;
	 
	 	7.1.2	 	if the Company has otherwise consented in writing;
	 
	 	7.1.3	 	if required by statute or law; or
	 
	 	7.1.4	 	if required to be used or disclosed by the Employee in connection
with any actual, prospective or threatened legal proceedings.

	 	7.2	 	Security
	 
	 	 	 	The Employee must:

	 	7.2.1	 	keep the Confidential Information in the Employee’s custody or
control (to the extent not within the custody or control of the Company);
	 
	 	7.2.2	 	keep the Confidential Information in a reasonably secure manner;
	 
	 	7.2.3	 	immediately notify the Company of any suspected or actual
unauthorised use, copying or disclosure of Confidential Information of which the
Employee becomes aware;
	 
	 	7.2.4	 	at the Company’s expense, provide any assistance reasonably
requested by the Company from time to time in relation to any proceedings the
Company may institute to protect the Confidential Information from unauthorised
use, copying or disclosure;
	 
	 	7.2.5	 	not make any unauthorised copies of the whole or any part of the
Confidential Information; and
	 
	 	7.2.6	 	if required by the Company, mark copies of Confidential Information
“confidential”.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	7.3	 	Continuing Obligations
	 
	 	 	 	The obligations of the Employee under this clause 7, survive termination of the agreement.

	8.	 	Cessation of Employment Obligations
	 
	 	 	Upon cessation of the Employment, the Employee must:

	 	8.1	 	deliver all Confidential Information in the Employee’s custody or control to the
Company or at the Company’s direction.
	 
	 	8.2	 	delete all Confidential Information held in electronic or other media form in the
Employee’s custody or control; and
	 
	 	8.3	 	if requested by the Company, provide a certificate confirming that the Employee has
complied with its obligations under this clause.

	9.	 	Intellectual Property

	 	9.1	 	Disclosure
	 
	 	 	 	The Employee must promptly, fully and effectively disclose to the Company or its
nominee in such form as the Company may reasonably require, full details of:

	 	9.1.1	 	each and every invention (whether patentable or not), design
(whether registerable or not), trademark or service mark;
	 
	 	9.1.2	 	any copyright material;
	 
	 	9.1.3	 	any trade secret or other Confidential Information;
	 
	 	9.1.4	 	any computer program material (including source codes, algorithms,
logical ideas, concepts and processes, charts, tables and diagrams);
	 
	 	9.1.5	 	processes, know-how or improvements;
	 
	 	9.1.6	 	literary, artistic or other copyrightable works; and
	 
	 	9.1.7	 	any other intellectual property of any kind,

	 	 	 	made, written, developed or discovered by the Employee (whether alone or with others)
in the course of the Employment (whether in or out of working hours) and whether or not
capable of statutory protection.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	9.2	 	Assignment
	 
	 	 	 	In exchange for the benefits conferred on the Employee during the course of the
Employment, the Employee agrees that by reason of this clause, all Intellectual
Property created during the course of the Employment (whether in or out of working
hours) belongs to and is the property of the Company or its nominee. Accordingly the
Employee must:

	 	9.2.1	 	at the request and expense of the Company; and
	 
	 	9.2.2	 	without additional compensation from the Company,

	 	 	 	sign all such documents or instruments (including assignment deeds) and do all such
things as may be necessary to vest, confirm, perfect and record the ownership by the
Company or its nominee throughout the world of its right, title and interest to any
Intellectual Property and to enable the Company or its nominee to acquire and preserve
such rights and to have the full enjoyment of such rights.

	 	9.3	 	The Employee consents to:

	 	9.3.1	 	all acts or omissions by the Company in relation to the Employee’s
moral rights in all Intellectual Property; and
	 
	 	9.3.2	 	the infringement of the Employee’s moral rights in all Intellectual
Property by the Company, its licensees, assignees and successors in title and any
person authorised by the Company at the absolute discretion of the Company and
without reference to the Employee.

	 	9.4	 	Continuing Obligations
	 
	 	 	 	The obligations of the Employee under this clause 9, survive termination of the agreement.

	10.	 	Termination

	 	10.1	 	Resignation or Retirement

	 	10.1.1	 	The Employee may resign or retire by giving not less than 3 months written
notice to the Company. The Company may pay the Employee for the notice period in
lieu of notice, or require the Employee to work some of the notice period and pay
the Employee in lieu for the balance of the period.
	 
	 	10.1.2	 	The resignation or retirement is effective on expiry of the notice period
notified in accordance with clause 10.1.1.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	10.2	 	Termination for incapacity

	 	10.2.1	 	The Company may terminate the Employment at anytime if the Employee is mentally
or physically unfit to perform the Employee’s responsibilities and discharge the
Employee’s duties under this agreement for a total of 2 months in any 12 month
period.
	 
	 	10.2.2	 	The Company must give the Employee not less than 1 month’s written notice of its
intention to terminate under this clause 10.2.

	 	10.3	 	Termination for cause
	 
	 	 	 	The Company may terminate the Employment at any time with immediate effect for cause,
by giving written notice to the Employee specifying the cause of termination. For the
purpose of this agreement “cause” means:

	 	10.3.1	 	default by the Employee in the performance of the Employee’s responsibilities or
the discharge of the Employee’s duties under this agreement;
	 
	 	10.3.2	 	fraudulent or dishonest conduct by the Employee;
	 
	 	10.3.3	 	intemperate use of alcohol or drugs by the Employee;
	 
	 	10.3.4	 	conviction of the Employee for the commission of a felony; or
	 
	 	10.3.5	 	willful or intentional injury to the Company’s Business or affairs.

	 	10.4	 	Termination by Company on Notice
	 
	 	 	 	The Company may terminate the Employment at any time by giving 3 months written notice
to the Employee. The Company may pay the Employee for the notice period in lieu of
notice, or require the Employee to work some of the notice period and pay the Employee
in lieu for the balance of the period.
	 
	 	10.5	 	Reasonableness
	 
	 	 	 	The Employee acknowledges that the periods of notice or lack of a period of notice, as
the case may be, as set out in this clause 10, are fair and reasonable.
	 
	 	10.6	 	Accrued Rights
	 
	 	 	 	Termination of the Employment does not affect:

	 	10.6.1	 	any accrued rights or remedies one party may have against another in connection
with this agreement arising prior to termination; or

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	10.6.2	 	any accrued or future entitlement to any bonus under and in
accordance with clause 6.3

	 	10.7	 	Obligations on Termination or Cessation of Employment

	 	10.7.1	 	Termination or cessation of the Employment does not affect the Employee’s
obligations under clauses 7, 8, 9 or 11.
	 
	 	10.7.2	 	On termination or cessation of the Employment, the Employee must also deliver to
the Company or its nominee:

	 	(a)	 	all property belonging to or leased by the
Company in the Employees control (including, without limitation,
stationery, cheque books, books, documents, records, disks, access
cards, keys, telephones, computers, credit cards and vehicles)
	 
	 	(b)	 	computer log-in codes and all other passwords
and access codes; and
	 
	 	(c)	 	the matters required to be returned under
clause 8.

	 	10.8	 	Extension of Service
	 
	 	 	 	This agreement can be extended as per clause 4.4.
	 
	 	10.9	 	Redundancy
	 
	 	 	 	No “redundancy” or other termination payments, other than those set out in this
agreement are payable.

	11.	 	Non Competition

	 	11.1	 	Covenant

	 	11.1.1	 	On termination of the Employment for any reason, if requested by the Company:

	 	(a)	 	the provisions of clause 11.1.2 apply for up
to 12 months after the Employment is terminated as well as applying
during the period of the Employment; and
	 
	 	(b)	 	the provisions of clause 11.1.3 apply for up
to 12 months after the Employment is terminated.

	 	11.1.2	 	The Employee, if requested by the Company, must not, whether directly or
indirectly and whether on his own account or on behalf of any other person or
entity carry on, be engaged in, or be associated with, a business similar to the
business carried on by the Company.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

	 	11.1.3	 	The Employee, if requested by the Company, must not, whether
directly or indirectly and whether on his own account or on behalf of any
other person:

	 	(a)	 	induce or attempt to induce any person to
leave the employment of the Company; or
	 
	 	(b)	 	interfere with or seek to interfere with the
relationship between the Company (on one hand) and any third party (on
the other hand).

	 	11.2.	 	Consideration by Company
	 
	 	 	 	If the Company requests that the Employee undertake the provisions set out in clauses
11.1.1, 11.1.2 and/or 11.1.3, then the Company shall pay to the Employee the equivalent
of their salary just prior to the termination of the Employment, for the period set out
in clauses 11.1.1, 11.1.2 and/or 11.1.3.
	 
	 	11.3	 	Reasonableness
	 
	 	 	 	The Employee acknowledges that the prohibitions and restrictions contained in this
clause 11 are reasonable in the circumstances and necessary to protect the Company and
the Business and its goodwill.

	12.	 	Notice
	 
	 	 	Notices or other communications must be given in writing in the English language to the
address of the party listed at the beginning of this agreement or such other address as the
party may notify to the other for the purpose of this agreement. The notice or communication
may be delivered to the person’s address or facsimile.
	 
	13.	 	No Assignment
	 
	 	 	Neither party may:
	 
	13.1	 	assign its rights under this agreement to a third party; or
	 
	13.2	 	cause a third party to assume its obligations under this agreement.
	 
	14.	 	Governing Law
	 
	 	 	This agreement is governed by the law of Victoria.
	 
	15.	 	Counterparts
	 
	 	 	This agreement may be executed in any number of counterparts. A counterpart may be a
facsimile. Together all counterparts make up one document.

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

EXECUTED as an agreement on 1 April 2002.

Signed for and behalf of

UNIVERSAL BIOSENSORS PTY LTD

/s/ Mark Morrisson

Managing Director

	 	 	 	 	 
	Signed by Ronald Chatelier

in the presence of:
	 	 /s/ Ronald Chatelier	 	 
	 

	 	 

Ronald Chatelier
	 	 

/s/ I. Bennett

Witness

I. Bennett

Name (please print)

Universal Biosensors Pty Ltd — 2006 Employment Agreement

 

 

SCHEDULE

	 	 	 
	Item 1
	 	 
	 
	 	 
	Commencement Date:

	 	1 April 2002
	 
	 	 
	Item 2
	 	 
	 
	 	 
	Effective Date

	 	1 April 2006
	 
	 	 
	Item 3
	 	 
	 
	 	 
	End Date:

	 	3 years from the Effective Date or longer at the discretion of the Company.
	 
	 	 
	Item 4
	 	 
	 
	 	 
	Title:

	 	Chief Research Scientist
	 
	 	 
	Item 5
	 	 
	 
	 	 
	Responsibilities:

	 	Conducting research into applications of the UBS technology and the
development technology along with supervising research assistants as required.
Supporting product development activities as well as
assisting in the formulation of new intellectual
property and other duties as required.
	 
	 	 
	Item 6
	 	 
	 
	 	 
	Salary:

	 	$127,680 per annum
	 
	 	 
	Superannuation:

	 	9% or as required by law
	 
	 	 
	Item 7
	 	 
	 
	 	 
	Salary Review Date:

	 	Annually on 1st February
	 
	 	 
	Item 8
	 	 
	 
	 	 
	Other Benefits:

	 	Mobile Phone

Universal Biosensors Pty Ltd — 2006 Employment Agreement

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