Document:

exv10w41

 

EXHIBIT 10.41

February 26, 2007

Pieter Van der Vorst

SVP & CFO

(Delivered by hand)

Dear Pieter:

This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Compensation
Committee:

	 	1.	 	Cash Compensation (effective January 1, 2007)

	 	1.	 	Annual base salary: $378,206
	 
	 	2.	 	Incentive bonus target: $276,090
	 
	 	3.	 	Total target cash compensation (TTC): $654,296

The terms of the incentive bonus are set out in the Executive Leadership Team Incentive Plan.

	 	2.	 	Long-Term Incentives

	 	(a)	 	Sybase Stock Option Grant (4-year vest)

	 	•	 	10,500 options

	 	(b)	 	Restricted Stock Grant (performance vest)

	 	•	 	8,600 shares

	 	(c)	 	Restricted Stock Grant (time vest)

	 	•	 	4,700 shares

The vesting terms are set out in the relevant equity award grant agreement.

I also want to take this opportunity to thank you for your contributions in 2006. I look forward
to your support and contributions in 2007.

Sincerely,

	 	 	 
	/s/ John S. Chen

	 	 
	John S. Chen
	 	 
	Chairman, CEO and President
	 	 

CC: HR Fileexv10w42

 

EXHIBIT 10.42

February 26, 2007

Marty Beard

President, Sybase 365

(Delivered by hand)

Dear Marty:

This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Compensation
Committee:

	 	1.	 	Cash Compensation (effective January 1, 2007)

	 	1.	 	Annual base salary: $363,140
	 
	 	2.	 	Incentive bonus target: $243,304
	 
	 	3.	 	Total target cash compensation (TTC): $606,444

You will receive shortly your 2007 Variable Compensation Plan Document with the details of your
quota and plan components.

	 	2.	 	Long-Term Incentives

	 	(a)	 	Sybase Stock Option Grant (4-year vest)

	 	•	 	10,500 options

	 	(b)	 	Restricted Stock Grant (performance vest)

	 	•	 	8,600 shares

	 	(c)	 	Restricted Stock Grant (time vest)

	 	•	 	4,700 shares

The vesting terms are set out in the relevant equity award grant agreement.

I also want to take this opportunity to thank you for your contributions in 2006. I look forward
to your support and contributions in 2007.

Sincerely,

	 	 	 
	/s/ John S. Chen

	 	 
	John S. Chen
	 	 
	Chairman, CEO and President
	 	 

CC: HR Fileexv10w43

 

EXHIBIT 10.43

February 26, 2007

Raj Nathan

Chief Marketing Officer

(Delivered by hand)

Dear Raj:

This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Compensation
Committee:

	 	1.	 	Cash Compensation (effective January 1, 2007)

	 	1.	 	Annual base salary: $386,568
	 
	 	2.	 	Incentive bonus target: $262,866
	 
	 	3.	 	Total target cash compensation (TTC): $649,434

The terms of the incentive bonus are set out in the Executive Leadership Team Incentive Plan.

	 	2.	 	Long-Term Incentives

	 	(a)	 	Sybase Stock Option Grant (4-year vest)

	 	•	 	10,500 options

	 	(b)	 	Restricted Stock Grant (performance vest)

	 	•	 	8,600 shares

	 	(c)	 	Restricted Stock Grant (time vest)

	 	•	 	4,700 shares

The vesting terms are set out in the relevant equity award grant agreement.

I also want to take this opportunity to thank you for your contributions in 2006. I look forward
to your support and contributions in 2007.

Sincerely,

	 	 	 
	/s/ John S. Chen

	 	 
	John S. Chen
	 	 
	Chairman, CEO and President
	 	 

     CC: HR Fileexv10w44

 

EXHIBIT 10.44

February 26, 2007

Steve Capelli

President, WWFO

(Delivered by hand)

Dear Steve:

This is to inform you of your 2007 compensation as approved by the Sybase, Inc. Compensation
Committee:

	 	1.	 	Cash Compensation (effective January 1, 2007)

	 	1.	 	Annual base salary: $415,800
	 
	 	2.	 	Incentive bonus target: $336,798
	 
	 	3.	 	Total target cash compensation (TTC): $752,598

You will receive shortly your 2007 Variable Compensation Plan Document with the details of your
quota and plan components.

	 	2.	 	Long-Term Incentives

	 	(a)	 	Sybase Stock Option Grant (4-year vest)

	 	•	 	18,500 options

	 	(b)	 	Restricted Stock Grant (performance vest)

	 	•	 	15,300 shares

	 	(c)	 	Restricted Stock Grant (time vest)

	 	•	 	8,200 shares

The vesting terms are set out in the relevant equity award grant agreement.

I also want to take this opportunity to thank you for your contributions in 2006. I look forward
to your support and contributions in 2007.

Sincerely,

	 	 	 
	/s/ John S. Chen

	 	 
	John S. Chen
	 	 
	Chairman, CEO and President
	 	 

CC: HR Fileexv10w45

 

EXHIBIT 10.45

SUMMARY OF VESTING TERMS FOR 2007 GRANTS TO CHEN, VAN DER VORST, BEARD, NATHAN AND CAPELLI

The Stock Options, Time Vested Restricted Stock and Performance Based Restricted Stock referenced
in the February 23, 2007 letter to John Chen and the February 26, 2007 letters to each of Pieter
Van der Vorst, Marty Beard, Raj Nathan and Steve Capelli vest as follows:

Stock Options — Were granted with the closing price on the date of each letter agreement.
Options vest 1/8th of the total option amount six months after the date of grant and the
remaining shares vest 1/48th monthly such that the options will vest in full 4 years
from the date of grant

Time Vested Restricted Stock — Was granted with an exercise price equal to $0.00 and shall
vest on the date that is 3 years from the date of each officer’s letter agreement. Restricted
stock shall not vest and shall be subject to the Company’s repurchase right if prior to the vesting
date the grantee’s continuous status as an employee has terminated (as defined in the Company’s
Amended and Restated 2003 Stock Plan).

Performance Based Restricted Stock — Was granted with an exercise price equal to $0.00 per
share and shall be earned based on Sybase’s percentage achievement during calendar year 2007 of
certain Total Revenue, Return on Invested Capital and Cash Flow from Operations targets approved by
the Compensation Committee of the Sybase, Inc. Board of Directors. These restricted stock shares
shall not vest and shall be subject to the Company’s repurchase right if prior to the vesting date
that is 3 years from the date of grant the grantee’s continuous status as an employee has
terminated (as defined in the Company’s Amended and Restated 2003 Stock Plan). The targets are
weighted as follows in each grant: Total Revenue 60%, Return on Invested Capital 20% and Cash Flow
from Operations 20%. Each target has a vesting ceiling of 125%.exv10w47

 

Exhibit 10.47

Amendment No. 1

to the

SYBASE, INC. 401(k) PLAN

(October 15, 2004 Restatement)

     Sybase, Inc. (the “Company”), having established the Sybase, Inc. 401(k) Plan (the “Plan”)
effective as of January 1, 1987, and amended and restated the Plan on several prior occasions, most
recently effective (generally) as of October 15, 2004, hereby again amends the Plan effective March
28, 2005, as follows:

          Section 8.3 of the Plan is amended in its entirety to read as follows:

     8.3 Consent Requirement. If the balance credited to a Member’s
Account (to the extent vested) exceeded the Limit as of the
Valuation Date that next preceded the date of the distribution, no
portion of the Member’s Account shall be distributed before the
Member attains (or in the event of his or her death would have
attained) Normal Retirement Age, unless the Member or (if the Member
is deceased and the Beneficiary is his or her surviving spouse) the
Member’s Beneficiary has consented in writing to receive an earlier
distribution. For purposes of applying this Section 8.3 and Section
8.6.4, the term “Limit” means $1,000.

     In Witness Whereof, Sybase, Inc., by the officer identified below, has executed this Amendment
No. 1 the Sybase, Inc. 401(k) Plan on the date indicated below.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	SYBASE, INC.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	By: /s/ Dan Carl	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Title: Vice President and General Counsel	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Dated: March 18, 2005exv10w48

 

Exhibit 10.48

AMENDMENT NO. 3 TO THE

SYBASE, INC. 401(k) PLAN

(October 15, 2004 Restatement)

     WHEREAS, Sybase, Inc. has adopted a 401(k) Plan for the benefit of its eligible employees; and

     WHEREAS, the Board of Directors’ Compensation Committee expressed a desire that management
amended the Sybase, Inc. 401(k) Plan to remove any responsibility on the part of the Compensation
Committee to appoint members of the Committee (as defined in the Sybase, Inc. 401(k) Plan):

     NOW, THEREFORE, BE IT HEREBY RESOLVED, as follows:

     The Sybase, Inc. 401(k) Plan is hereby amended as follows:

     A. 1. Section 10.2 is amended to read as follows:

     10.2 Committee. The Plan shall be administered by a Committee consisting of (a)
the persons holding the following offices at the Company: VP of Worldwide Human
Resources, Chief Financial Officer, Treasurer and General Counsel plus (b) any other
person(s) whom a majority of the Committee members designated in clause (a) above may
from time to time elect to serve as additional members of the Committee. Any person
elected to the Committee under clause (b) above may be removed at any time by a
majority of the Committee members designated in clause (a) above. The Committee
shall have the authority to control and manage the operation and administration of
the Plan as a named fiduciary under Section 402(a)(1) of ERISA. Any member of the
Committee who is also an Employee shall serve as such without additional
compensation. Any member of the Committee may resign at any time by notice in
writing mailed or delivered to the Committee.

     2. Section 10.10 is amended to read as follows:

     10.10 Indemnification. Each of the Employers shall, and hereby does, indemnify and
hold harmless any of its Employees, officers or directors who may be deemed to be a
fiduciary of the Plan, and the members of the Committee, from and against any and all
losses, claims, damages, expenses and liabilities (including reasonable attorneys’ fees and
amounts paid, with the approval of the Compensation Committee of the Board of Directors, in
settlement of any claim) arising out of or resulting from the implementation of a duty, act
or decision with respect to the Plan, so long as such duty, act or decision does not involve
gross negligence or willful misconduct on the part of any such individual.

	 	B.	 	The amendments to the Sybase, Inc. 401 (k) Plan set forth in Part A above shall
be effective as of August 22, 2006.

	 	 	 	 	 
	SYBASE,

	 	INC.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Nita White-Ivy	 	 
	 

	 	 	 	 
	 

	 	Vice President – Worldwide Human Resources

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