Document:

EXHIBIT 10.9

     

    EMPLOYMENT
AGREEMENT

     

         EMPLOYMENT AGREEMENT
(“Agreement”) dated as
of September 30, 2002
by and among Global eXchange Services, Inc., a Delaware corporation
(together with its successors, the “Company”), GXS Holdings, Inc.,
a Delaware corporation (together with its successors, “GXS”), and Steven Scala (“Executive”), to be effective
as of the Effective Date (certain capitalized terms used herein being defined in
Article 7 hereof). 

     

         WHEREAS, pursuant to
a Recapitalization Agreement dated as of June 21, 2002 among General
Electric Company (“GE”),
GE Investments, Inc. and Global Acquisition Company (the “Acquiror”), the Acquiror
agreed to acquire 90% of the shares of GXS (the “Recapitalization”);

     

         WHEREAS, immediately
prior to the closing of the Recapitalization, Executive was employed by the
Company or one of its affiliates; 

     

         WHEREAS, as of the
closing of the Recapitalization, the Company became a wholly owned subsidiary of
GXS; 

     

         WHEREAS, the Company
has entered into an Employee Lease Agreement dated on or about the date hereof
(the “Employee Lease
Agreement”) with GE pursuant to which all U.S. employees of the Company
prior to the closing of the Recapitalization are being transferred to GE but
their services will be leased to the Company during the period commencing on the
closing date of the Recapitalization and ending on the date the employees are
transferred to the Company or its affiliates pursuant to the terms of the
Employee Lease Agreement (such period, the “Transition Period”);

     

         WHEREAS, each of the
Company and GXS considers it in its best interests and the best interests of its
stockholders to foster the continued employment of Executive from and after the
Effective Date; 

     

         WHEREAS, Executive is
willing to continue his employment on and after the Effective Date on the terms
hereinafter set forth in this Agreement; 

     

         NOW THEREFORE, in
consideration of the foregoing and of the mutual covenants and agreements of the
parties set forth in this Agreement, and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound, agree as follows: 

     

      

  

  

 

    
    

     

    ARTICLE 1
POSITION; TERM OF AGREEMENT

     

         Section 1.01.
Position. (a) As
of and following the Effective Date, Executive shall serve as Senior Vice President, Global Product
Marketing of the Company and shall report to President and Chief Executive
Officer. Executive shall have such duties and authority, consistent with
such position, as shall be determined from time to time by Executive’s direct
report. 

     

         (b) 
     During the Employment Term, Executive will devote
substantially all of his business time to the performance of his duties under
this Agreement and will not engage in any other business, profession or
occupation for compensation or otherwise which would conflict with the rendition
of such services either directly or indirectly, without the prior written
consent of the Board. 

     

         Section 1.02.
Term. Executive shall
be employed by the Company for a period (the “Employment Term”) commencing
on the Effective Date and, subject to earlier termination or extension as
provided herein, ending on the second anniversary thereof; provided that on each
anniversary of the Effective Date beginning on such second anniversary, the
Employment Term shall be automatically extended for successive one-year periods
unless not later than one month prior to any such automatic extension the
Company or Executive shall give notice that the Employment Term shall not be
extended. 

     

    ARTICLE 2
COMPENSATION AND BENEFITS

     

         Section 2.01.
Base Salary. Commencing
on the Effective Date, the Company shall pay Executive an annual base salary
(the “Base Salary”) at
the annual rate of $210,000,
payable in equal monthly installments or otherwise in accordance with the
payroll and personnel practices of the Company from time to time. Executive’s
Base Salary shall not be reduced during the Employment Term. 

     

         Section 2.02.
Bonus. Subject to
Executive’s continued employment hereunder through December 31, 2002, for
the calendar year ending December 31, 2002, Executive will receive a
guaranteed bonus (together with the GE Bonus defined below, the “First-Year Bonus”) in an
amount equal to the product of (i) the quotient obtained by dividing
(A) the portion of the annual bonus Executive receives from General
Electric Company and its Affiliates for the period from January 1, 2002,
through the date immediately preceding the closing of the Recapitalization,
provided that the
amount of such bonus for purposes hereof shall not exceed $100,000 on an annualized
basis (such portion, the “GE
Bonus”), by (B) the number of full calendar weeks during the period
commencing on January 1, 2002, and ending on the closing of the
Recapitalization, and (ii) the number of full calendar weeks during the period
commencing on the closing of the Recapitalization and ending December 31,

     

  

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    2002, to be paid in a lump sum payment on or before
March 31, 2003. For each calendar year thereafter, subject to Executive’s
continued employment hereunder on December 31 of such year, Executive shall
be eligible to receive an annual bonus (“Annual Bonus”) of $105,000 (the “Target Bonus”), with a minimum
guaranteed bonus of 50%
of the Target Bonus. The Annual Bonus for each calendar year shall be
paid in a lump sum payment on or before March 31 of the following calendar
year. For the 12 months following the closing of the Recapitalization, the
Executive will receive a combined base salary and minimum guaranteed bonus
(excluding the GE Bonus) not less than what the Executive received in the
12 months prior to such closing. 

     

         Section 2.03.
Employee Benefits.
(a) During the Employment Term, Executive shall be eligible for
employee benefits (including fringe benefits, vacation and health, accident and
disability insurance, and retirement plan participation) substantially similar
to those benefits made available generally to senior executives of the Company.

     

         Section 2.04.
Business And Travel Expenses.
Reasonable travel, entertainment and other business expenses incurred by
Executive in the performance of Executive’s duties hereunder shall be reimbursed
by the Company in accordance with Company policies as in effect from time to
time. 

     

         Section 2.05.
Options. (a) On
the Effective Date, the Company shall grant to Executive an option (the “Option”) to purchase 568,182 shares of common stock
of GXS (“Common Stock”)
(representing 0.50% of
GXS’s Common Stock as of the Effective Date on a fully diluted basis), at an
exercise price per share equal to the fair market value (determined in
accordance with the terms of the Plan) of a share of Common Stock on the date of
grant. The Option will be treated as an “incentive stock option” within the
meaning of Section 422 of the Code to the maximum extent permitted by law
and shall be issued pursuant to Rule 701 of the Securities Act or
registered on a Form S-8 registration statement under the Securities Act
that becomes effective within ninety (90) days after the Effective Date.

     

         (b) 
     The Option shall consist of five tranches. The
first tranche shall consist of 340,910 shares of Common Stock
(representing 60% of the total shares of Common Stock subject to the Option) and
the remaining four tranches shall each consist of 56,818 shares of Common Stock
(each such tranche representing 10% of the total shares of Common Stock subject
to the Option). Provided Executive remains in the employ of the Company, GXS or
one of their Subsidiaries as of the applicable vesting date, each such tranche
shall become vested and exercisable as to 25% of the shares constituting such
tranche on the first anniversary of the Vesting Commencement Date with respect
to such tranche, and the balance of the shares constituting such tranche shall
become vested and exercisable at a rate of 1/36 of such balance per month over
the 3-year period following such anniversary. 

     

  

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         (c) 
     The vesting commencement date (the “Vesting Commencement Date”)
with respect to the first tranche (as described in paragraph (b) above) of
the Option shall be the September 28, 2002, and the Vesting Commencement
Date for the second, third, fourth and fifth tranches shall be, respectively,
the first, second, third and fourth anniversaries of September 28, 2002.

     

         (d) 
     Any unvested portion of the Option shall become
fully vested and exercisable upon (i) termination of Executive’s employment
by the Company without Cause (other than by reason of Executive’s death or
disability) within 12 months after a Change in Control or
(ii) termination of Executive’s employment by reason of Executive’s death.
Except as set forth herein, the Options shall otherwise be subject to the terms
of the GXS Stock Incentive Plan (the “Plan”) and the applicable
award agreement, copies of which are attached hereto as Attachment 1 and
Attachment 2, respectively. 

     

         (e) 
     Upon termination of Executive’s employment, GXS
shall have the right to repurchase the shares of Common Stock acquired upon
exercise of the Option in accordance with the terms of the Plan and the
applicable award agreement. 

     

    ARTICLE 3
CERTAIN TERMINATION BENEFITS

     

         Section 3.01.
Certain Events.
(a) A “Qualifying
Event” means the termination of Executive’s employment by the Company
without Cause (other than by reason of Executive’s death or disability).

     

         (b) 
     Each party hereto shall give to the other party
30 days prior written notice of such party’s intent to terminate
Executive’s employment with the Company for any reason. 

     

         Section 3.02.
Right To Certain Benefits.
In the event of any termination of employment during the Employment Term,
Executive shall be entitled to receive from the Company either the relevant
Severance Benefits to the extent and as described in Section 3.03 or the
relevant Separation Benefits to the extent and as described in
Section 3.04, as the case may be, contingent upon Executive signing a
release in a form reasonably acceptable to the Company. 

     

         Section 3.03.
Benefits Upon A Qualifying
Event. In the event of any termination of employment during the
Employment Term, Executive shall be entitled to the following benefits (the
“Severance Benefits”)
upon a Qualifying Event: 

     

         (a) 
     The Company shall pay Executive as soon as
practicable a lump sum, in cash, equal to Executive’s earned but unpaid Base
Salary and other vested but unpaid cash entitlements for the period through and
including the date of 

     

  

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    termination of Executive’s employment, including
unused earned vacation pay and unreimbursed documented business expenses
(collectively, “Accrued
Compensation”). In addition, Executive shall be entitled to any other
vested benefits earned by Executive for the period through and including the
date of termination of Executive’s employment under any other employee benefit
plans and arrangements maintained by the Company, in accordance with the terms
of such plans and arrangements, except as modified herein (collectively, “Accrued Benefits”).

     

         (b) 
     The Company shall pay Executive (i) a pro
rata portion (based on the number of whole and partial calendar months prior to
and including the month in which the Qualifying Event occurs) of the most recent
Annual Bonus or First-Year Bonus, as applicable, paid to Executive, and
(ii) a lump sum severance payment in an amount equal to one times the sum
of (A) the annual Base Salary in effect immediately prior to such
Qualifying Event and (B) the most recent Annual Bonus or First-Year Bonus,
as applicable, paid to Executive. 

     

         (c) 
     The portion of the Option which would have become
vested and exercisable within the 12-month period following the date of
termination shall become fully vested and exercisable on the date of such
termination. The vested portion of the Option shall remain exercisable by
Executive for three months following the date of such termination. 

     

         (d) 
     Except as set forth in this Section 3.03,
Executive will be entitled to no other payments or benefits from the Company.

     

         Section 3.04.
Separation Benefits. In
the event of any termination of employment during the Employment Term other than
upon a Qualifying Event, Executive (or his estate, as the case may be) shall be
entitled to the benefits set forth below (the “Separation Benefits”):

     

         (i) 
     The Accrued Compensation; 

     

         (ii) 
    The Accrued Benefits; and 

     

         (iii) 
   Executive shall be entitled to exercise the portion of the
Options vested on the date of such termination for the period provided in the
Plan and the applicable award agreement. 

     

         Section 3.05.
Non-renewal Of Agreement.
In the event that at the end of the Employment Term the Company does not
renew this Agreement in accordance with 1.02 hereof and terminates Executive’s
employment without Cause at such time, the Executive shall be entitled to the
following benefits: 

     

         (i) 
     The Accrued Compensation; 

     

         (ii) 
    The Accrued Benefits; and 

     

  

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         (iii) 
   The Company shall pay Executive a lump sum severance payment
in an amount equal to one-half of the sum of (A) the annual Base Salary in
effect immediately prior to such Qualifying Event and (B) the most recent
Annual Bonus or First-Year Bonus, as applicable, paid to Executive.

     

    ARTICLE 4
COVENANTS AND REPRESENTATIONS

     

         Section 4.01.
Noncompetition,
Nonsolicitation, Noncompete, Nondisparagement And Nondisclosure.
(a) While employed by the Company and for 12 months after the
termination of Executive’s employment (except where the Company does not renew
this Agreement at the end of the Employment Term in which case the period shall
be 6 months after the termination of Executive’s employment), Executive
shall not, on his account, or as an employee, consultant, independent
contractor, partner, owner, officer, director or stockholder, engage in, be
connected with, have any interest in, or aid or assist anyone else to engage in,
be connected with, or have any interest in, any firm or person which directly
competes with a line or lines of business which the Company or GXS (or any of
their Subsidiaries) was engaged in or sought to be engaged in during the
Employment Term; provided
that Executive may (i) purchase securities in any corporation whose
securities are listed or traded on a national securities exchange or in an
over-the-counter securities market if such purchases do not result in Executive
beneficially owning, directly or indirectly, at any time 5% or more of the
equity securities of any such corporation and (ii) be an employee,
independent contractor or officer of any such firm or person provided Executive
has no direct or indirect duties or responsibilities with respect to any
activities of such firm or person which are competitive with any line or lines
of business of the Company or GXS (or any of their Subsidiaries). 

     

         (b) 
     While employed by the Company and for
12 months after the termination of Executive’s employment, Executive shall
not, directly or indirectly: 

     

    
    

     

    
      	
            	
            
	 	     (i)     induce
      or attempt to induce any employee of GXS or the Company (or any Subsidiary
      of GXS or the Company) to be employed or perform services
    elsewhere;
	 
	 	     (ii)    solicit
      or attempt to solicit the trade of any individual or entity which, at the
      time of such solicitation, is a customer of GXS or the Company (or any
      Subsidiary of GXS or the Company) or which GXS or the Company (or any
      Subsidiary of GXS or the Company) is undertaking reasonable steps to
      procure as a customer at the time of or immediately preceding termination
      of employment; provided, however, that this
      limitation shall only apply to any product or service which is in
      competition with a product or service of GXS or the Company (or any
      Subsidiary of GXS or the Company).

    

  

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         (c) 
     In connection with the termination of Executive’s
employment hereunder, Executive shall cooperate with the Company and any
Subsidiary or Affiliate of the Company to ensure an orderly transition, in such
a manner and at such times as the Company shall reasonably request.

     

         (d) 
     Except as required by law, neither party will at
any time (whether during or after termination of Executive’s employment with the
Company) knowingly make any statement, written or oral, or take any other action
that would disparage or otherwise harm the other party, its business or
reputation or, in the case of the Company, the reputation of any of its
Affiliates or the officers and directors of any of them. 

     

         (e) 
     Executive shall enter into and agrees to be bound
by the Proprietary Information and Inventions Agreement of the Company, a copy
of which is attached as Annex A to the Plan. 

     

         Section 4.02.
Material Inducement; Specific
Performance. (a) If any provision of Section 4.01 is determined
by a court of competent jurisdiction not to be enforceable in the manner set
forth in this Agreement, the Company and Executive agree that it is the
intention of the parties that such provision should be enforceable to the
maximum extent possible under applicable law and that such court shall reform
such provision to make it enforceable in accordance with the intent of the
parties. 

     

         (b) 
     Executive acknowledges that a material part of the
inducement for the Company to provide the compensation provided herein is
Executive’s covenants set forth in Section 4.01 and that the covenants and
obligations of Executive with respect to noncompetition, nondisclosure and
nonsolicitation relate to special, unique and extraordinary matters and that a
violation of any of the terms of such covenants and obligations will cause the
Company irreparable injury for which adequate remedies are not available at law.
Therefore, Executive agrees that, if Executive shall materially breach any of
those covenants during or following termination of employment, the Company shall
be entitled to an injunction, restraining order or such other equitable relief
(without the requirement to post a bond) restraining Executive from committing
any violation of the covenants and obligations contained in Section 4.01
and the Company shall have no further obligation to pay Executive any benefits
otherwise payable hereunder. The remedies in the preceding sentence are
cumulative and are in addition to any other rights and remedies the Company may
have at law or in equity as an arbitrator (or court) shall reasonably determine.

     

         Section 4.03.
Employee Representation.
Executive expressly represents and warrants to the Company that Executive
is not a party to any contract or agreement and is not otherwise obligated in
any way, and is not subject to any rules or regulations, whether governmentally
imposed or otherwise, which will or may restrict in any way Executive’s ability
to fully perform Executive’s duties and responsibilities under this Agreement.

     

  

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    ARTICLE 5
SUCCESSORS AND ASSIGNMENTS

     

         Section 5.01.
Assignments. Except for
an assignment in the event of a Change in Control or an assignment to an
affiliate of the Company, this Agreement shall not be assignable by the Company
without the written consent of Executive. This Agreement shall not be assignable
by Executive. 

     

         Section 5.02.
Successors; Binding Agreement.
This Agreement shall inure to the benefit of and be binding upon personal
or legal representatives, executors, administrators, successors, heirs,
distributees, devisees, and legatees. 

     

    ARTICLE 6
MISCELLANEOUS 

     

         Section 6.01.
Notices. Any notice
required to be delivered hereunder shall be in writing and shall be addressed:

     

    
      	 	 	 
	(i)	 	if to the Company, to:
	 	 	 
	 	 	100 Edison Park Drive
	 	 	Gaithersburg, MD 20878
	 	 	Fax: 301-340-5840
	 	 	Attn: General Counsel
	 	 	 
	 	 	with copies
    to:
	 	 	 
	 	 	Davis Polk &
  Wardwell
	 	 	1600 El Camino Real
	 	 	Menlo Park, CA 94025
	 	 	Tel: 650-752-2000
	 	 	Fax: 650-752-2111
	 	 	Attn: Jean M.
  McLoughlin

    

         (ii) 
     if to Executive, to Executive’s last known address
as reflected on the books and records of the Company; 

     

    or, in each case, to such other address as such
party may hereafter specify for the purpose by written notice to the other party
hereto. Any such notice shall be deemed received on the date of receipt by the
recipient thereof if received prior to 5:00 p.m. in the place of receipt and
such day is a business day in the place of receipt. Otherwise, any such notice
shall be deemed not to have been received until the next succeeding business day
in the place of receipt. 

     

         Section 6.02.
Effectiveness of
Agreement. The effectiveness of this Agreement is subject to approval by
a majority of the Board of Directors of GXS 

     

  

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    and approval by a vote of the persons who own more
than 75% of the outstanding voting stock of GXS immediately after the Effective
Date. 

     

         Section 6.03.
Dispute Resolution.
(a) Except as provided in Section 4.02, each of Executive and the
Company shall have the right and option to elect (in lieu of litigation) to have
any dispute or controversy arising under or in connection with this Agreement
settled by arbitration, conducted before a panel of three arbitrators sitting in
a location in Maryland, in accordance with the rules of the American Arbitration
Association then in effect. Executive’s election to arbitrate, as herein
provided, and the decision of the arbitrators in that proceeding, shall be
binding on the Company and Executive. Judgment may be entered on the award of
the arbitrator in any court having jurisdiction. 

     

         (b) 
     Each party shall pay its own expenses of such
arbitration or litigation and all common expenses of such arbitration or
litigation shall be borne equally by Executive and the Company. Each party to an
arbitration or litigation hereunder shall be responsible for the payment of its
own attorneys’ fees. 

     

         Section 6.04.
Unfunded Agreement. The
obligations of the Company under this Agreement represent an unsecured, unfunded
promise to pay benefits to Executive and/or Executive’s beneficiaries, and shall
not entitle Executive or such beneficiaries to a preferential claim to any asset
of the Company. 

     

         Section 6.05.
Non-exclusivity Of Benefits.
Unless specifically provided herein, neither the provisions of this
Agreement nor the benefits provided hereunder shall reduce any amounts otherwise
payable, or in any way diminish Executive’s rights as an employee of the
Company, whether existing now or hereafter, under any compensation and/or
benefit plans (qualified or nonqualified), programs, policies, or practices
provided by the Company, for which Executive may qualify; provided, however, that the Severance
Benefits shall be in lieu of any severance benefits under any such plans,
programs, policies or practices. Vested benefits or other amounts which
Executive is otherwise entitled to receive under any plan, policy, practice, or
program of the Company (i.e., including, but not limited to, vested benefits
under any qualified or nonqualified retirement plan), at or subsequent to the
date of termination of Executive’s employment shall be payable in accordance
with such plan, policy, practice, or program except as expressly modified by
this Agreement. 

     

         Section 6.06.
Employment Status.
Nothing herein contained shall interfere with the Company’s right to
terminate Executive’s employment with the Company at any time, with or without
Cause, subject to the Company’s obligation to provide Severance Benefits or
Separation Benefits, if any. Executive shall also have the right to terminate
Executive’s employment with the Company at any time without liability, subject
only to the provisions hereof and Executive’s obligations
hereunder.

     

  

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         Section 6.07.
Entire Agreement. This
Agreement represents the entire agreement between Executive and the Company and
its affiliates with respect to Executive’s employment and/or severance rights,
and supersedes all prior discussions, negotiations, and agreements concerning
such rights; provided,
however, that any
amounts payable to Executive hereunder shall be reduced by any amounts paid to
Executive as required by any applicable law in connection with any termination
of Executive’s employment. 

     

         Section 6.08.
Tax Withholding.
Notwithstanding anything in this Agreement to the contrary, the Company
shall withhold from any amounts payable under this Agreement all federal, state,
city, or other taxes as are legally required to be withheld. 

     

         Section 6.09.
Waiver Of Rights. The
waiver by either party of a breach of any provision of this Agreement shall not
operate or be construed as a continuing waiver or as a consent to or waiver of
any subsequent breach hereof. 

     

         Section 6.10.
Severability. In the
event any provision of this Agreement shall be held illegal or invalid for any
reason, the illegality or invalidity shall not affect the remaining parts of
this Agreement, and this Agreement shall be construed and enforced as if the
illegal or invalid provision had not been included. 

     

         Section 6.11.
Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the
State of Maryland without reference to principles of conflict of laws.

     

         Section 6.12.
Counterparts. This
Agreement may be signed in several counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were on
the same instrument. 

     

    ARTICLE 7
DEFINITIONS 

     

         For purposes of this
Agreement, the following terms shall have the meanings set forth below.

     

         “Accrued Benefits” has the
meaning accorded such term in Section 3.03. 

     

         “Accrued Compensation” has the
meaning accorded such term in Section 3.03. 

     

         “Affiliate” has the meaning
accorded to such term in Rule 12b-2 under the Exchange Act. 

     

         “Agreement” has the meaning
accorded such term in the introductory paragraph of this Agreement.

     

  

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         “Base Salary” has the meaning
accorded such term in Section 2.01. 

     

         “Beneficial Ownership” A Person
shall be deemed the “Beneficial Owner” of, and shall be deemed to “beneficially
own,” securities pursuant to Rule 13d-3 under the Exchange Act. 

     

         “Board” means, the Board of
Directors of the Company. 

     

         “Cause” means the occurrence of
any one or more of the following: 

     

    
    

     

    
      	
            	
            
	 	     (i)     Executive’s
      willful and continued failure substantially to perform the duties of
      Executive’s position as then in effect (other than as a result of
      incapacity due to physical or mental illness) which failure is not
      remedied within fifteen business days of written notice from the
      Company;
	 
	 	     (ii)    Executive’s
      gross negligence or willful malfeasance in the performance of Executive’s
      duties hereunder as then in effect;
	 
	 	     (iii)   Executive’s
      breach of any of the covenants contained in Section 4.01;
  or
	 
	 	     (iv)   Executive’s
      commission of an act constituting fraud, embezzlement, or any other act
      constituting a felony;
	 
	 	provided, however, that for
      purposes of this definition, no act or failure to act shall be deemed
      “willful” unless effected by Executive not in good faith and without
      reasonable belief that such action or failure to act was in the best
      interests of the Company.

    

         “Change in Control” means the
occurrence of any of the following: 

     

    
    

     

    
      	
            	
            
	 	     (i)     the
      consummation of a merger or consolidation of the Company or GXS with or
      into any other entity pursuant to which the stockholders of the Company or
      GXS, as applicable, immediately prior to such merger or consolidation hold
      less than 50% of the voting power of the surviving entity;
	 
	 	     (ii)    the sale
      or other disposition of all or substantially all of the Company’s or GXS’s
      assets or any approval by the stockholders of the Company or GXS of a plan
      of complete liquidation of the Company or GXS, as applicable;
	 
	 	     (iii)   any
      acquisition by any person or persons (other than the direct and indirect
      stockholders of the Company or GXS immediately after the Effective Date)
      of the Beneficial Ownership of 50% or more of the voting power of the
      Company’s or GXS’s equity securities in a single transaction or series of
      related transactions; provided, however, that
    an

    

     

     

    
    

  

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	 	underwritten public offering of the Company’s or GXS’s
      securities shall not be considered a Change in Control; or
	 
	 	     (iv)   any
      change in the composition of the Board over a two-year period such that
      the directors at the beginning of the period and new directors elected
      during that period and approved by two-thirds of the incumbent directors
      cease to constitute at least a majority of the Board;
	 
	 	provided, however, that a
      transaction shall not constitute a Change in Control if its sole purpose
      is to change the state of the Company’s incorporation or to create a
      holding company that will be owned in substantially the same proportions
      by the persons who held the Company’s securities immediately before such
      transaction.

    

         “Code” means the Internal
Revenue Code of 1986, as amended. 

     

         “Effective Date” means the last
date of the Transition Period which date is November 18, 2002.

     

         “Employment Term” has the
meaning accorded such term in Section 1.02. 

     

         “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 

     

         “Option” has the meaning
accorded such term in Section 2.05. 

     

         “Person” means an individual,
corporation, partnership, association, trust or any other entity or
organization. 

     

         “Qualifying Event” has the
meaning accorded such term in Section 3.01. 

     

         “Securities Act” means the
Securities Act of 1933, as amended. 

     

         “Separation Benefits” has the
meaning accorded such term in Section 3.04. 

     

         “Severance Benefits” has the
meaning accorded such term in Section 3.03. 

     

         “Subsidiary” of any Person
means any other Person of which securities or other ownership interests having
voting power to elect a majority of the board of directors or other Persons
performing similar functions are at the time directly or indirectly owned by
such Person. 

     

         “Vesting Commencement Date”
shall have the meaning accorded such term in Section 2.05(c). 

     

  

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         IN WITNESS WHEREOF,
the Company, GXS and Executive have executed this Agreement, to be effective as
of the day and year first written above. 

     

    
    

     

    
      	 	 	 
	GXS HOLDINGS,
    INC.
	 	 	 
	 	 	 
	By:	 	/s/ Harvey F. Seegers

              
      Name: Harvey F. Seegers
Title: President & Chief Executive
    Officer
	 	 	 
	GLOBAL EXCHANGE SERVICES,
      INC.
	 	 	 
	 	 	 
	By:	 	/s/ Harvey F. Seegers

              
      Name: Harvey F. Seegers
Title: President & Chief Executive
    Officer
	 	 	 
	EXECUTIVE:
	 	 	 
	 	 	 
	/s/ Steven Scala

              
      Steven Scala

    

     

     

    13EXHIBIT
10.10

      

      EXECUTIVE EMPLOYMENT
AGREEMENT

      

      This Executive Employment Agreement
(“Agreement”), effective as of
November 17, 2007, is made and entered into
by and between GXS, Inc., a Delaware corporation (“GXS”), and Robert Segert
(“Employee”).

      

      Recitals

      

      GXS desires to employ the Employee, and
the Employee desires to work for GXS, upon the terms and conditions stated
herein.

      

      NOW, THEREFORE, in
consideration of the mutual promises contained herein, and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties agree as follows:

      

      Agreements

      

      
        	
                Section
      1.

              	
                Employment

              

      

      

      GXS hereby employs the Employee as
Chief Executive Officer to perform such duties as may be assigned from time to
time by GXS’s Board of Directors or designated committee of the
Board.  The parties agree that the Employee’s title and position may
change without altering or nullifying the other terms of this Agreement. As well as serving as the Chief
Executive Officer, you be a member of the GXS Holdings, Inc. Board of
Directors.

      

      
        	
                Section
      2.

              	
                Term of
      Employment

              

      

      

      The Employee’s employment is not for a
definite term.  The Employee may end the employment relationship at
any time for any reason (or no reason), upon thirty (30) days written
notice.  GXS may end the employment relationship at any time for any
reason (or no reason) with or without notice.

      

      
        	
                Section
      3.

              	
                Compensation/Benefits

              

      

      

      (A)           Base
Salary.  The Employee shall initially receive a base salary at
the annual rate of $450,000, payable in installments less required legal
deductions, in accordance with GXS’s policy and practice governing salary
payments to employees generally, as it may be amended from time to time by GXS
(“Base Salary”).  GXS may adjust the salary from time to time; such
adjustment shall not be deemed to alter or nullify any other term of this
Agreement.

      

      (B)           Bonus.  Employee
shall be eligible to participate in the GXS Management Bonus
Plan.  The Employee’s target annual bonus, which is $300,000 less
required legal deductions, may be adjusted from time to time; such adjustment
shall not be deemed to alter or nullify any other term of this
Agreement.  Eligibility, participation and bonus awards shall be
governed by that Plan as it may be amended by GXS from time to
time.  A copy of the current GXS Management Bonus Plan is
attached.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      GXS agrees that the total annual
potential combined cash compensation (that is, Base Salary and target Bonus
amount) for which Employee shall be eligible shall not be reduced during the
term of employment, notwithstanding adjustments that may be made to Base Salary
and target Bonus amounts in any given year.

      

      (C)           Options.  The
Compensation Committee of the Board of Directors has approved for you to receive
3,100,900 options with an
exercise price of $.50 per share.  The grant of these options and
terms and conditions of the options are governed by and subject to the
provisions of the GXS Holdings, Inc. Stock Incentive Plan and Option
Agreement(s), as they may be amended by GXS from time to time.  A copy
of the current GXS Holdings, Inc. Stock Incentive Plan and Option Agreement(s)
are attached.

      

      (D)           Benefits.  The
Employee shall be entitled to participate in the group health, life, vacation,
sick and disability plans offered to GXS employees generally, in accordance with
the terms of said plans, as they may be modified in GXS’s discretion from time
to time.

      

      (E)           Vacation.  The
Employee shall be entitled to four weeks paid vacation per year to be governed
by the terms of GXS’s vacation plan or policy, as it may be amended from time to
time.  The Employee shall be entitled to four weeks per year until
such time as the Employee qualifies for more than four weeks under the GXS plan
or policy, in accordance with the plan or policy in effect at the time, based on
years of continuous service and other relevant factors under the plan or
policy.

      

      (F)           Management
Incentive Award.  Employee shall be eligible to participate in
the GXS Management Incentive Award Program.  Eligibility,
participation and bonus awards shall be governed by that plan as it may be
amended by GXS from time to time.  A copy of the Management Incentive
Award Highlights is attached.

      

      (G)           Moving
Expenses.  The
Employee is eligible to receive reimbursement for actual and reasonable costs
associated with the sale of Employee's home, to include normal and customary
closing costs, new home closing costs, movement and storage of household
goods.  Furthermore, for a period of up to six (6)
months from Employee's
start date, GXS will pay, or reimburse Employee for, reasonable and actual
travel and living expenses for two house-hunting trips for Employee and
Employee's spouse and for Employee's weekly travel between Employee's current
home in Plano, Texas and the Company’s headquarters in
Gaithersburg, Maryland.  The Employee must submit
appropriate documentation in a timely fashion as requested by the GXS in order
to receive reimbursement or payment on behalf of the Employee.  All
costs paid or reimbursed by the Company pursuant to this paragraph that are
required to be included in your taxable income shall be grossed up to cover the
income taxes associated with such payment or reimbursement.

      

      In the event the Employee voluntary
terminates employment with GXS within 12 months of Employee's start date, the
Employee will be required to reimburse GXS for any expenses paid or reimbursed
pursuant to the preceding paragraph and, in addition, hereby authorizes GXS to
withhold such amounts as may be necessary to reimburse GXS from the Employee's
Base Salary, Bonus, Management Incentive Award, expense reimbursements,
etc.

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
 

      Section
4.       Expenses

      

      GXS shall reimburse the Employee for
all reasonable and necessary business expenses incurred by the Employee in the
performance of the Employee’s duties hereunder, in accordance with GXS policies
and procedures, as they may be amended from time to time, and subject to
submission of proper documentation of each expense.  Payment for
reimbursement of expenses shall be made no later than March 15 of the year
following the year in which the expense was incurred.

      

      Section
5.       Compliance with Other
Agreements, Obligations and Applicable Law

      

      The Employee represents and warrants
that the Employee’s performance hereunder shall not conflict with any other
agreements to which the Employee was or is a party.  The Employee
understands that GXS has no intention of interfering with any continuing
obligation regarding trade secrets and confidential information that the
Employee may have with any prior employer or other entity and GXS expects that
the Employee will be able to perform the responsibilities of the position with
GXS without violating any confidentiality obligation owed to any other party,
and the Employee hereby acknowledges and agrees not to violate any
confidentiality obligation. The Employee agrees not to
enter into any agreement, either written or oral, which may conflict with this
Agreement.  The Employee further represents and warrants that in
performing duties hereunder, the Employee shall comply with all applicable laws
and regulations and that the Employee immediately will report to GXS’s Chief
Executive Officer all illegal conduct or conduct that violates the GXS Code of
Conduct by GXS or its employees or agents of which the Employee is
aware.

      

      
        	
                Section
      6.

              	
                Protection of
      GXS

              

      

      

      (A)           Exclusive
Services.  During the term of employment, the Employee agrees
to devote Employee’s full and best efforts and abilities to GXS on a full-time
basis.  In performing duties hereunder, the Employee will at all times
act in a professional, competent and loyal manner, and will comply with all
policies and procedures of GXS as they may be amended from time to
time.

      

      (B)           Confidential
Information.  The Employee agrees to sign and be bound by the
terms and conditions of the “Employee Innovation and Proprietary Information
Agreement”, a copy of which is attached.

       

      (C)           Non-Competition
and Non-Solicitation.  Employee acknowledges that during the
course of employment with GXS, Employee will acquire detailed knowledge of GXS’s
business and will have access to proprietary, confidential business information
of GXS, such that Employee’s subsequent use of such information and/or
employment with a competitor of GXS could cause serious and irreparable
competitive harm to GXS.  Therefore, in consideration of Employee’s
employment with GXS, and as a condition of that employment, Employee agrees for
a period of twelve (12) months immediately following the termination of
Employee’s employment with GXS (regardless of the reason for the termination)
the Employee will not, without the prior written consent of GXS’s Vice President
of Human Resources;

       

      (i)
directly or indirectly, either as owner, principal, officer, agent, director,
employee, consultant, or independent contractor, within any geographic region in
which GXS conducts business, provide services to Sterling Commerce, Inovis, or
EasyLink Services in connection with any business or other enterprise relating
to software tools, solutions, or services used to conduct electronic

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

      commerce
among companies, in a manner which may compete against any products or services
offered or sold by GXS.

       

      (ii)  divert or otherwise
take away any customer of GXS with which Employee had contact during the twelve
(12) months prior to the termination of your employment with GXS, or call upon
any such customer to solicit business relating to software tools, solutions, or
services used to conduct electronic commerce among companies.

       

      (iii)  directly
or indirectly solicit, induce, or encourage any person who is an employee of GXS
to terminate his/her relationship with GXS, or directly or indirectly hire or
cause to be hired any person who is an employee of GXS..

       

      (D)           Specific
Performance.  The Employee agrees that in the event of
Employee’s breach of any of the provisions of this Section, the remedies
available at law to GXS would be inadequate and in lieu thereof or in addition
thereto GXS shall be entitled to appropriate equitable remedies, including
specific performance, reasonable attorneys’ fees, and injunctive
relief.  In the event that a court of competent jurisdiction shall
declare any provision or restriction contained in this Section 6 to be
unenforceable, the provisions of this Section shall remain in full force and
effect to the extent not so declared to be unenforceable, and the court shall be
empowered to modify said unenforceable provision(s) as needed to make such
provision(s) enforceable to the maximum extent permitted by law.

      

      Section
7.       Termination

      

      (A)           Automatic
Termination.  This Agreement shall terminate automatically upon
the death of the Employee or the Employee’s inability to perform the essential
functions of Employee’s job, with or without a reasonable
accommodation.  In the event of a termination under this Section,
Employee’s right to the Base Salary and benefits shall cease as of the effective
date of the termination, unless otherwise required by law.

      

      (B)           For
“Cause”.

      

      (1)           If
GXS terminates Employee for “Cause,” the Employee shall receive only (i) the
Base Salary earned and unpaid as of the date of termination and (ii) that
portion, if any, of the Bonus, which under the terms of the Management Bonus
Plan, has been earned at the completion of a specified period for measuring and
payment of the Bonus under the Management Bonus Plan but which has not yet been
paid.  Employee’s entitlement to benefits shall cease upon termination
unless otherwise required by law.

      

      (2)           “Cause”
shall include, but not be limited to, (i) willful or unreasonable neglect of job
duties; (ii) the active participation of Employee in fraudulent conduct; (iii)
the conviction (or a plea of no contest or similar plea or the entry of an order
or judgment that requires a determination of guilt) of Employee of a felony or
for any crime involving moral turpitude or dishonesty; (iv) any act of
embezzlement or material misappropriation; (v) dishonesty; (vi) insubordination;
(vii) intentional or grossly negligent unauthorized disclosure of GXS or a GXS
client confidential or proprietary information; (viii) willful or unreasonable
engagement in conduct injurious to GXS; (ix) gross negligence; (x) failure to
satisfactorily meet any of the contingencies in the Employee’s offer letter;
(xi) any material breach of this Agreement; and (xii) the Employee’s violation
of any of GXS’s material policies or procedures, including without limitation
equal employment opportunity and anti-

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      harassment
policies.  Upon an event constituting “Cause,” GXS shall deliver to
the Employee written notice of such conduct and the Employee shall immediately
be terminated.

      

      (C)           Without
“Cause”.  If GXS terminates Employee without “Cause,” the
Employee shall be entitled to payment of Base Salary earned and unpaid as of the
date of termination, and an amount equal to a pro-rata portion (based on the
bonus plan year) of the Employee’s most recent bonus paid (i.e., for the prior
bonus plan year) under the Management Bonus Plan less any payment made under the
current year plan.  In addition, the Employee shall be entitled to the
following severance payments and benefits (“Severance”):  (i) an
amount equal to twelve (12) months of the Employee’s most recent Base Salary;
(ii) an amount equal to 100% of the Employee’s most recent bonus paid under the
Management Bonus Plan; and (iii) should the Employee elect COBRA continuation
coverage under GXS’s health plan, payment by GXS for a period of twelve (12)
consecutive months following termination of the same amount paid by GXS towards
the premium expense during Employee’s employment.  Employee’s right to
all other benefits provided for hereunder shall cease as of the effective date
of the termination, unless otherwise required by law.  Payment of the
amounts described in (i) and (ii) above shall be made in approximately equal
installments bi-weekly following the date of
termination.  Notwithstanding anything in this paragraph or elsewhere
in this Agreement, the Employee shall not be entitled to and shall not receive
any Severance payments and benefits unless the Employee executes (and, as
appropriate, does not revoke) a Separation Agreement (which shall include a
General Release of claims) acceptable to GXS and in substantially the same form
as the Separation Agreement attached hereto.  Payment of Severance
under this paragraph shall be the exclusive severance benefits available to the
Employee, and shall be in lieu of any other severance or layoff benefit, or
similar benefit, offered by GXS to its employees, and the Employee hereby waives
the right to receive any severance or layoff benefit under any other plan,
policy or practice.

      

      (D)           Resignation
for Good
Cause  If the Employee resigns employment with “Good Cause,”
the Employee shall be entitled to payment of Base Salary earned and unpaid as of
the date of termination, and an amount equal to a pro-rata portion (based on the
bonus plan year) of the Employee’s most recent bonus paid (i.e., for the prior
bonus plan year) under the Management Bonus Plan less any payment made under the
current year plan.  In addition, the Employee shall be entitled to
receive the Severance as set forth in the preceding subparagraph 7(C) in the
same manner as set forth in that subparagraph.  Notwithstanding
anything in this paragraph or elsewhere in this Agreement, the Employee shall
not be entitled to and shall not receive any Severance payments and benefits
unless the Employee executes (and, as appropriate, does not revoke) a Separation
Agreement (which shall include a General Release of claims) acceptable to GXS
and in substantially the same form as the Separation Agreement attached
hereto.  Payment of Severance under this paragraph shall be the
exclusive severance benefits available to the Employee, and shall be in lieu of
any other severance or layoff benefit, or similar benefit, offered by GXS to its
employees, and the Employee hereby waives the right to receive any severance or
layoff benefit under any other plan, policy or practice.  “Good Cause”
means (i) a material diminution in the combined Base Salary and Bonus target;
(ii) a material diminution in authority, duties or responsibilities; (iii) a
material diminution in the budget over which the Employee retains authority;
(iv) a material change in the geographic location at which the Employee is
regularly required to provide services; (v) a material breach of this Agreement
by GXS;    (vi) a Change of Control Event.

      

      A “Change
of Control Event” occurs when both a Change of Control Transaction and a Failure
to Offer Comparable Employment occur, as defined below:

      (1)           "Change
of Control Transaction" means the occurrence of one of the following
events:

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      (i)        
   the consummation of a merger or consolidation of the Company
(defined for purposes of this Subsection to include GXS, Inc. and any "Person"
in "Control" (as defined below) of GXS, Inc.) with or into any other entity
pursuant to which the stockholders of the Company, or applicable, immediately
prior to such merger or consolidation hold less than 50% of the voting power of
the surviving entity;

      (ii)           the
sale or other disposition of all or substantially all of the Company's assets or
any approval by the stockholders of the Company of a plan of complete
liquidation of the Company;

      (iii)          any
acquisition by any person or persons (other than the direct and indirect
stockholders of the Company immediately after the Effective Date) of the
beneficial ownership of 50% or more of the voting power of the Company's equity
securities in a single transaction or series of related transactions; provided,
however, that an underwritten public offering of the Company's securities shall
not be considered a Change in Control; or

      (iv)          any
change in the composition of the Board over a two-year period such that the
directors at the beginning of the period and new directors elected during that
period and approved by two-thirds of the incumbent directors cease to constitute
at least a majority of the Board. provided, however, that a transaction shall
not constitute a Change in Control if its sole purpose is to change the state of
the Company's incorporation or to create a holding company that will be owned in
substantially the same proportions by the persons who held the Company's
securities immediately before such transaction.

      (2)           "Failure
to Offer Comparable Employment" means that within twelve months of the Change of
Control Transaction the Employee is involuntarily terminated Without Cause, or
is not permitted to continue in a position comparable to the position held
before the transaction or occurrence described above.  For a position
deemed not to be comparable, one or more of the following must occur: (i) a
material diminution in the combined Base Salary and Bonus target; (ii) a
material diminution in authority, duties or responsibilities; (iii) a material
diminution in the budget over which the Employee retains authority; (iv) a
material change in the geographic location at which the Employee is regularly
required to provide services.

      

      “Control” shall mean
ownership, directly or indirectly, of more than fifty percent (50%) of the total
combined voting power of all outstanding voting securities of a
Person.

      

      “Person” shall mean
and refer to any individual, corporation, partnership, limited liability
company, association, trust or other entity or organization.

      

      (E)           Resignation.  If
the Employee resigns employment for any reason other than “Good Cause,” the
Employee shall receive only (i) the Base Salary earned and unpaid as of the date
of termination and (ii) that portion, if any, of the Bonus, which under the
terms of the Management Bonus Plan, has been earned at the completion of a
specified period for measuring and payment of the Bonus under the Management
Bonus Plan but which has not yet been paid.  Employee’s right to all
other benefits provided for hereunder shall cease as of the date of the
termination, unless otherwise required by law.  Upon receipt of notice
of the Employee’s resignation, or at any time during the notice period given by
the Employee, GXS may, at its option, relieve Employee of any or all of
Employee’s duties, or may terminate Employee, and Employee shall be entitled
only to payment of compensation earned and unpaid as of the date of
termination.

      

      (F)           Duties
Following Termination.  Upon termination of employment and/or
this Agreement, the Employee shall cooperate with GXS, as reasonably requested
by GXS, to effect a transition of Employee’s responsibilities and to ensure that
GXS is aware of all matters being handled by Employee.  Employee shall
also, upon reasonable notice, furnish such information and proper 

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      assistance
to GXS as may be reasonably required by GXS in connection with any litigation in
which it is or may become a party.

      

      (G)           Compliance
with Section 409A To the extent that
Section 409A of the Internal Revenue Code (“Code”) applies to any payment or
election required under this Agreement, such payment or election shall be made
in conformance with the provisions of Section 409A of the
Code.  Certain provisions of this Agreement are intended to constitute
a separation pay arrangement that does not provide for the deferral of
compensation subject to Section 409A of the Code and, if any such provision is
subject to more than one interpretation or construction, such ambiguity shall be
resolved in favor of that interpretation or construction which is consistent
with such provisions not being subject to the provisions of Section
409A.  The remaining provisions of this Agreement are intended to
comply with the provisions of Section 409A of the Code (to the extent
applicable) and, to the extent that Section 409A applies to any provision of
this Agreement and such provision is subject to more than one interpretation or
construction, such ambiguity shall be resolved in favor of that interpretation
or construction which is consistent with the provision complying with the
applicable provisions of Section 409A of the Code (including, but not limited to
the requirement that any payment made on account of the Employee’s separation
from service (within the meaning of Section 409A(a)(2)(A)(i) of the Code and the
regulations issued thereunder) (“Separation from Service”), shall not, if such
Employee is a Specified Employee (within the meaning of Section 409A(a)(2)(B)(i)
of the Code and the regulations issued thereunder), be made earlier than the
first business day of the seventh month following the Employee’s Separation from
Service, or if earlier the date of death of the Employee).  Any
payment that is delayed in accordance with the foregoing sentence shall be made
on the first business day following the expiration of such six (6) month
period.

      

      Section
8.       Dispute
Resolution

      

      Employee agrees that, as a condition of
employment, Employee shall sign the “Agreement to Resolve Employment Claims
under the GXS Employee Dispute Resolution Program,” a copy of which is attached,
and Employee agrees to be bound by all the terms and conditions of that
agreement and the Dispute Resolution Program.  Notwithstanding any
term of the Dispute Resolution Program to the contrary, the Employee agrees that
the substantive law of Maryland (and the federal judicial circuit with
jurisdiction over Maryland) shall apply to all claims under the Dispute
Resolution Program.

      

      Section
9.       Code of
Conduct

      

      The Employee agrees to be bound by the
GXS Code of Conduct and policies included within the enclosed Compliance
Guide.  The Employee must complete and sign the acknowledgement form
acknowledging the Employee’s personal commitment to comply with the code and
related policies.  The completion of the acknowledgement form is a
condition of employment.

      

      Section
10.    Miscellaneous

      

      (A)           Non-Waiver.  GXS’s
failure at any time to require the performance by the Employee of any of the
terms hereof shall in no way affect GXS’s right thereafter to enforce the same,
nor shall the waiver by GXS of the breach of any term hereof be taken or held to
be a waiver of any succeeding breach.

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
 

      (B)           Severability.  In
the event that any provision of this Agreement conflicts with the law under
which this Agreement is to be construed, or if any such provision is held
invalid or unenforceable by a court of competent jurisdiction or an arbitrator,
such provision shall be deleted from this Agreement and the Agreement shall be
construed to give full effect to the remaining provisions thereof.

      

      (C)           Governing
Law.  This Agreement shall be interpreted, construed and
governed according to the laws of the state of Maryland, without regard to the
principle of conflicts of laws thereof.

      

      (D)           Headings
and Captions.  The paragraph headings and captions contained in
this Agreement are for convenience only and shall not be construed to define,
limit or affect the scope or meaning of the provisions hereof.

      

      (E)           Entire
Agreement.  This Agreement (including the exhibits attached
hereto) contains and represents the entire agreement of the parties and
supersedes all prior agreements, representations or understandings, oral or
written, express or implied with respect to the subject matter
hereof.  Neither this Agreement, nor any term of Employee’s employment
with GXS, may be modified or amended in any way unless in a writing signed by
both the Employee and GXS’s Chief Executive Officer or Board
Designee.  No representation, promise or inducement has been made by
either party hereto that is not embodied in this Agreement, and neither party
shall be bound or liable for any alleged representation, promise or inducement
not specifically set forth herein.

      

      (F)           Assignment.  This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns.  The Employee shall not
have any right to assign, delegate or transfer any duty or obligation to be
performed by him hereunder to any third party, nor to assign or transfer the
right, if any, to receive payments hereunder.

      

      (G)           Repayment
of Amounts Owed to GXS.  The Employee agrees that in the event
the Employee voluntarily terminates employment or is terminated for Cause within
twelve (12) months of the start date, the Employee will reimburse GXS for any
moving expenses paid or reimbursed as described in subparagraph
3(G).  The Employee also agrees that in the event of any termination,
the Employee will reimburse GXS for any outstanding monies owed to GXS that have
not been repaid or the amount representing the approximate value of any Company
Property that remains unreturned to the Company by the time employment is
terminated. The Employee further authorizes GXS, to the extent permitted by law,
to deduct and offset any payments, including but not limited to payments for
wages, bonuses, expenses, or vacation pay, otherwise
owed to the Employee upon termination of employment.

      

      (H)           Notices.  All
notices required or permitted hereunder shall be in writing and shall be deemed
properly given if delivered personally or sent by certified or registered mail,
postage prepaid, return receipt requested, or sent by telegram, telex, telecopy
or similar form of telecommunication, and shall be deemed to have been given
when received.  Any such notice or communication shall be
addressed:  (a) if to GXS, to GXS, Inc., 100 Edison Park Drive,
Gaithersburg, MD 20878 Attention Office of the Chief Executive Officer; or (b)
if to the Employee, to his home address 5009 Castle Creet Court, Plano, Texas
75093; or to such other address as the parties shall have furnished to
one another in writing.

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

       

      IN WITNESS WHEREOF, the parties hereto
have duly executed this Agreement, to be effective as of the day and year first
above written.

      

      
        	
                Employee:

              	 	
                GXS,
      Inc.:

              	 
	 
      	 	 	 
      	 
      	 
	  	 	 
      	 
      	 
	/s/ Robert Segert	 	
                By:

              	/s/
      Gary Greenfield	 
	 
      	 	 	 
      	 
      	 
	 
      	 	 	 
      	
                Gary Greenfield

              	 
	 
      	 	 	 
      	 
      	 
	
                Date:

              	11/22/09	 	
                Date:

              	11/26/09	 

      

      
 

       

       9

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