Document:

exv4w1

 

Exhibit 4.1

	 	 	 
	COMMON STOCK
	 	COMMON STOCK
	 	 	 
	NUMBER
	 	SHARES
	 	 	 
	

	 	

	 	 	 
	               BMR	 	 
	 	 	 
	

	 	

	 	 	 
	INCORPORATED UNDER THE LAWS
	 	SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER
	OF THE STATE OF MARYLAND
	 	RESTRICTIONS AND OTHER INFORMATION
	
	 	CUSIP 09063H 10 7

BIOMED REALTY TRUST, INC.

This certifies that

Is the record holder of

FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, PAR VALUE $.01 PER SHARE, OF

BIOMED REALTY TRUST, INC.

a Maryland corporation (the “Corporation”). The shares are transferable on the
stock ledger of the Corporation by the holder hereof in person or by a duly
authorized attorney upon the surrender of this certificate properly endorsed or
assigned. This certificate and the shares represented hereby are issued and
shall be held subject to all of the provisions of the charter of the
Corporation (the “Charter”) and the Bylaws of the Corporation and all
amendments thereto. This certificate is not valid until countersigned by the
Transfer Agent and registered by the Registrar.

WITNESS the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers.

Dated:

COUNTERSIGNED AND REGISTERED:

BANK OF NEW YORK

TRANSFER AGENT AND REGISTRAR,

By:

AUTHORIZED OFFICER

[BIOMED REALTY TRUST, INC. CORPORATE SEAL]

	 	 	 
	Gary A. Kreitzer
	 	Alan D. Gold
	Executive Vice President, General Counsel and Secretary
	 	President and Chief Executive Officer

 

 

BIOMED REALTY TRUST,
INC.

IMPORTANT NOTICE

     The Corporation will furnish to any stockholder, on request and without
charge, a full statement of the information required by Section 2-211(b) of the
Corporations and Associations Article of the Annotated Code of Maryland with
respect to the designations and any preferences, conversion and other rights,
voting powers, restrictions, limitations as to dividends and other
distributions, qualifications, and terms and conditions of redemption of the
stock of each class which the Corporation has authority to issue and, if the
Corporation is authorized to issue any preferred or special class in series,
(i) the differences in the relative rights and preferences between the shares
of each series to the extent set, and (ii) the authority of the Board of
Directors to set such rights and preferences of subsequent series. The
foregoing summary does not purport to be complete and is subject to and
qualified in its entirety by reference to the charter of the Corporation (the
“Charter”), a copy of which will be sent without charge to each stockholder who
so requests. Such request must be made to the Secretary of the Corporation at
its principal office or to the Transfer Agent.

     The shares represented by this certificate are subject to restrictions on
Beneficial and Constructive Ownership and Transfer for the purpose, among
others, of the Corporation’s maintenance of its status as a Real Estate
Investment Trust under the Internal Revenue Code of 1986, as amended (the
“Code”). Subject to certain further restrictions and except as expressly
provided in the Corporation’s Charter, (i) no Person may Beneficially or
Constructively Own shares of the Corporation’s Common Stock in excess of 9.8
percent (in value or number of shares) of the outstanding shares of Common
Stock of the Corporation unless such Person is an Excepted Holder (in which
case the Excepted Holder Limit applicable to such Excepted Holder shall apply);
(ii) no Person may Beneficially or Constructively Own shares of Capital Stock
of the Corporation in excess of 9.8 percent of the value of the total
outstanding shares of Capital Stock of the Corporation, unless such Person is
an Excepted Holder (in which case the Excepted Holder Limit applicable to such
Excepted Holder shall apply); (iii) no Person may Beneficially or
Constructively Own Capital Stock that would result in the Corporation being
“closely held” under Section 856(h) of the Code or otherwise cause the
Corporation to fail to qualify as a REIT; and (iv) no Person may Transfer
shares of Capital Stock if such Transfer would result in the Capital Stock of
the Corporation being owned by fewer than 100 Persons. Any Person who
Beneficially or Constructively Owns or attempts to Beneficially or
Constructively Own shares of Capital Stock which causes or will cause a Person
to Beneficially or Constructively Own shares of Capital Stock in excess or in
violation of the above limitations must immediately notify the Corporation. If
any of the restrictions on transfer or ownership are violated, the shares of
Capital Stock represented hereby will be automatically transferred to a Trustee
of a Trust for the benefit of one or more Charitable Beneficiaries. In
addition, the Corporation may redeem shares upon the terms and conditions
specified by its Board of Directors in its sole discretion if the Board of
Directors determines that ownership or a Transfer or other event may violate
the restrictions described above. Furthermore, upon the occurrence of certain
events, attempted Transfers in violation of the restrictions described above
may be void ab initio. All capitalized terms in this legend have the meanings
defined in the Charter of the Corporation, as the same may be amended from time
to time, a copy of which, including the restrictions on transfer and ownership,
will be furnished to each holder of Capital Stock of the Corporation on request
and without charge. Requests for such a copy may be directed to the Secretary
of the Corporation at its Principal Office.

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

	 	 	 	 	 
	TEN COM

	 	-
	 	as tenants in common
	TEN ENT

	 	-
	 	as tenants by the entireties
	JT TEN

	 	-
	 	as joint tenants with right of survivorship and not as tenants in common

	 	 	 	 	 	 	 
	UNIF GIFT MIN ACT -

	 	

	 	Custodian
	 	

	

	 	(Cust)
	 	 	 	(Minor)

	 	 	 
	under Uniform Gifts to Minors Act

	 	

	

	 	(State)

	 	 	 	 	 
	UNIF TRF MIN ACT -

	 	

	 	Custodian (until age   )
	

	 	(Cust)	 	 

	 	 	 
	

	 	under Uniform Transfers
	

	 	 
	(Minor)
	 	 

	 	 	 
	to Minors Act
	 	 
	

	 	

	

	 	(State)

Additional abbreviations may also be used though not in the above list.

	 	 	 	 	 
	For Value received,

	 	 	 	hereby sell, assign and transfer unto
	

	 	
	 	 

PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 
	

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)
	

 

shares of the stock represented by the within certificate, and do hereby irrevocably constitute and appoint
                   Attorney to transfer the said stock on the books of the within named
Corporation with full power of substitution in the premises.

	 	 	 	 	 
	Dated
	 	 	 	 
	

	 	
	 	 
	 
	 	 	 	 
	

	 	 	 	

	 
	 	 	 	 
	

	 	 	 	

	

	 	 	 	NOTICE: The signature to this assignment
must correspond with the name as written
upon the face of the Certificate in every
particular, without alteration or
enlargement or any change whatever.
	 
	 	 	 	 
	SIGNATURE(S) GUARANTEED:	 	 
	 
	 	 	 	 
	BY

	 	
	 	 
	The signature(s) should be guaranteed
by an eligible guarantor institution
(banks, stockbrokers, savings and
loan associations and credit unions
with membership in an approved signature
guarantee medallion program), pursuant
to S.E.C. Rule 17Ad.EMPLOYMENT AGREEMENT

 

Exhibit 10.1

EMPLOYMENT AGREEMENT

     This Agreement is entered into by and between Computer Associates
International, Inc. (the “Company”) and Kenneth D. Cron (“Cron”) on July 8,
2004. In consideration of the Company offering, and Cron accepting, the
position of interim Chief Executive Officer (“Interim CEO”) of the Company,
Cron and the Company agree as follows:

     1. Work Standards. Cron will (a) serve the Company (and such of its
subsidiary companies as the Company may designate) faithfully, diligently and
to the best of Cron’s ability under the direction of the Board of Directors of
the Company, (b) devote his best efforts, attention and energy to the
performance of his duties to the Company and (c) not do anything inconsistent
with his duties to the Company. Cron’s employment began on April 23, 2004 and
shall end on the effective date of the appointment by the Company’s Board of
Directors of a new Chief Executive Officer or in accordance with paragraph 14
of this Agreement.

     2. Laws; Other Agreements. Cron represents that his employment hereunder
will not violate any law or duty by which he is bound, and will not conflict
with or violate any agreement or instrument to which Cron is a party or by
which he is bound.

     3. Compensation. (a) In consideration of services that Cron has rendered
and will render to the Company in the future, the Company agrees to pay Cron
the following consideration:

          (i) The sum of $50,000 per month (less applicable withholdings) commencing
on April 23, 2004, payable semi-monthly concurrent with the Company’s normal
payroll cycle. The Company will pay this amount until Cron’s employment
hereunder terminates. If Cron’s employment hereunder terminates prior to April
23, 2005, the Company will pay Cron the difference between $600,000 and all
amounts previously paid pursuant to this paragraph 3(a)(i). If Cron’s
employment hereunder terminates on or following such date and during a payroll
cycle, the Company will pay Cron through the end of that payroll cycle.

          (ii) The sum of $2,000 per month as reimbursement for Cron’s lease on
office space commencing on April 23, 2004. This reimbursement shall be paid
concurrent with the Company’s month-end payroll for each month of Cron’s
employment. If Cron’s employment hereunder terminates prior to April 23, 2005,
the Company will pay Cron the difference between $24,000 and all amounts
previously paid pursuant to this paragraph 3(a)(ii). If Cron’s employment
hereunder terminates on or following such date and during a payroll cycle, the
Company will pay the reimbursement through the end of the last month of Cron’s
employment.

          (iii) Restricted stock units with respect to 52,780 shares of the
Company’s Common Stock. The units shall become fully vested on the earlier of
the effective date of the appointment of a new Chief Executive Officer by the
Company’s Board of Directors and April 23, 2005, at which time the Company
shall deliver to Cron 52,780 shares of Common Stock, free from all restrictions
(other than such restrictions as may be applicable under the federal securities
laws). The other terms of the restricted stock units shall be governed by the
terms of the Company’s 2002 Incentive Plan, as amended (as so amended, the
“2002 Plan”), and any Award Certificate issued in connection with such units.
In the event that Cron voluntarily resigns his position with the Company or is
terminated “for cause” (as defined in paragraph 5 of this Agreement) prior to
the time the restricted stock units granted under this paragraph 3(a)(iii)
vest, he shall forfeit any and all rights he may have to this restricted stock
unit grant.

          (iv) Options to purchase 83,845 shares of the Company’s Common Stock at a
price of $28.42 per share. The options shall become exercisable in full on the
earlier of the effective date of the appointment of a new Chief Executive
Officer by the Company’s Board of Directors and April 23, 2005. Thereafter,
Cron shall have the right to exercise such options at any time during the term
of such options. The other terms of the options shall be governed by the terms
of the 2002 Plan, and any Award Certificate issued in connection with such
options. In the event that Cron voluntarily resigns his position with the
Company or is terminated “for cause” (as defined in paragraph 5 of this
Agreement) prior to the time the options granted under this paragraph 3(a)(iv)
vest, he shall forfeit any and all rights he may have to this option grant.

Page 1 of 7

 

          (b) In addition, Cron shall be eligible to receive:

          (i) a 2005 Annual Performance Bonus (payable in cash) pursuant to Section
4.4 of the 2002 Plan, with an Annual Performance Bonus target of $750,000.00,
which Annual Performance Bonus shall otherwise be subject to the terms and
conditions of the Company’s 2005 Annual Performance Bonus plan; and

          (ii) a targeted Performance Bonus of $2,250,000.00 for the period from
April 23, 2004 through March 31, 2005, which Performance Bonus shall otherwise
be subject to the terms and conditions applicable to the fiscal year ending
March 31, 2005 under the Company’s 2005-2007 Long-Term Performance Bonus plan,
with the form or forms of payment of any such Performance Bonus to be
determined by the Compensation and Human Resource Committee (the “Compensation
Committee”) of the Board of Directors at or as promptly as practicable
following March 31, 2005 (the date of such determination being referred to as
the “Determination Date”) in accordance with the 2002 Plan. Subject to
subparagraph (iii), such Performance Bonus shall vest on March 31, 2005, shall
be paid to Cron shortly following public announcement of the Company’s
financial results for the 2004 fiscal year (anticipated to occur in May 2005),
and shall not be subject to any holding period.

          (iii) In the event that Cron voluntarily resigns his position with the
Company prior to March 31, 2005 or is terminated “for cause” (as defined in
paragraph 5 of this Agreement) at any time, he shall forfeit any and all rights
he may have to receive any of the benefits provided for in this paragraph 3(b).
If Cron’s employment hereunder otherwise would terminate prior to March 31,
2005 for any other reason (including the effectiveness of the appointment by
the Company’s Board of Directors of a new Chief Executive Officer), then (A)
Cron shall remain an employee of the Company through and including the
Determination Date at a salary per month to be determined by the Compensation
Committee at the time (less applicable withholdings), (B) management shall
recommend that any Restricted Stock, Fair Market Value Options and
Premium-Priced Options granted to Cron pursuant to the Performance Bonus
described in subparagraph (ii) shall vest in full immediately upon the
termination of Cron’s employment hereunder, and (C) Cron shall be entitled to
receive the benefits provided for in this paragraph 3(b) if and to the extent
that the relevant targets are met and otherwise in accordance with the terms of
the 2002 Plan. Capitalized terms used in this paragraph (b) and not defined are
used as defined in the 2002 Plan.

     4. Benefits and Perquisites. During the term of Cron’s employment, Cron
shall be eligible to participate in all pension, welfare and benefit plans and
perquisites generally made available to other senior executives of the Company.

     5. Termination For Cause. For purposes of this Agreement, termination
“for cause” shall mean that the Company terminates Cron’s employment for any of
the following reasons: (a) Cron’s continued failure, either due to willful
action or as a result of gross neglect, to substantially perform his duties
with the Company (other than any such failure resulting from his incapacity due
to physical or mental illness) that, if capable of being cured, has not been
cured within 30 days after written notice is delivered to Cron by the Board,
which notice specifies in reasonable detail the manner in which the Board
believes that Cron has not substantially performed his duties, (b) the
engaging by Cron in conduct which is demonstrably and materially injurious to
the Company or its affiliates, monetarily or otherwise, unless the conduct in
question was undertaken in good faith, on an informed basis, with due care and
with a rational business purpose and based upon the honest belief that such
conduct was in the best interest of the Company or its affiliates, as the case
may be, (c) Cron’s indictment or conviction (or plea of guilty or nolo
contedere) for any felony or any other crime involving dishonesty, fraud or
moral turpitude, (d) Cron’s breach of fiduciary duty to the Company or its
affiliates which may reasonably be expected to have a material adverse effect
on the Company or its affiliates, (e) violation of the Company’s policies
relating to compliance with applicable laws which may reasonably be expected to
have a material adverse effect on the Company or its affiliates, (f) violation
of the Company’s policies on discrimination, unlawful harassment or substance
abuse, (g) violation of the Company’s Workplace Violence Policy, or (h)
unauthorized use or disclosure of confidential or proprietary information or
related materials, or the violation of any of the terms of the Company’s
standard confidentiality policies and procedures, in the case of any item
identified in this clause (h) which (i) may reasonably be expected to have a
material adverse effect on the Company or its affiliates and (ii) if capable of
being cured, has not been cured within 30 days after written notice is
delivered to Cron by the Board, which notice specifies in reasonable detail the
alleged unauthorized use or disclosure or violation. For purposes of clause
(a) of this definition, no act, or failure to act, on Cron’s part shall be
deemed “willful” unless done, or omitted to be done, by Cron not in good faith
and without reasonable belief that his act, or failure to act, was in the best
interest

Page 2 of 7

 

of the Company or its affiliates, as the case may be.

     6. Indemnification.

          (a) To the fullest extent permitted by Section 145 of the Delaware General
Corporation Law, the Company shall indemnify Cron in the event that he was, is
or becomes a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative, and whether brought by a third party or by or
in the right of the Company, by reason of the fact that he is or was the
Interim CEO of the Company, against expenses (including attorneys’ fees),
liability, loss, judgment, fines and amounts paid in settlement actually and
reasonably incurred by him in connection with such action, suit or proceeding
(collectively, “Expenses”). Such indemnity shall be paid promptly after
written demand is presented to the Company.

          (b) Expenses actually and reasonably incurred by Cron in defending any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative, or investigative, and whether brought by a third
party or by or in the right of the Company, and in which Cron is made or
threatened to be made a party by reason of the fact that he is or was the
Interim CEO of the Company, shall be paid on behalf of Cron by the Company in
advance of the final disposition of such action, suit, or proceeding and
promptly following receipt by the Secretary of the Company of (i) an
application from Cron setting forth the basis for such indemnification, and
(ii) if required by law at the time such application is made, an undertaking by
or on behalf of Cron to repay such amount if it shall ultimately be determined
that Cron is not entitled to be indemnified by the Company as authorized in
this paragraph 6.

          (c) Expenses actually and reasonably incurred by Cron in connection with
any action brought by Cron for (i) indemnification or advance payment of
Expenses by the Company pursuant to paragraphs 6(a)-(b) of this Agreement or
(ii) recovery under any directors’ and officers’ liability insurance policies
maintained by the Company shall be paid on behalf of Cron by the Company in
advance of such action, suit or proceeding promptly following receipt by the
Secretary of the Company of the application and, if necessary, the undertaking
referred to in paragraph 6(b) above.

          (d) If Cron is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses,
judgments, fines, penalties and amounts paid in settlement of a claim but not,
however, for all of the total amount thereof, the Company shall nevertheless
indemnify Cron for the portion thereof to which Cron is entitled.

          (e) Further to the Company’s undertaking pursuant to paragraph 6(a) above
to indemnify Cron to the furthest extent provided by applicable law, for
purposes of this Agreement, the termination of any claim, action, suit or
proceeding, by judgment, order, settlement (whether with or without court
approval), or upon a plea of nolo contendere or its equivalent, shall not
create a presumption that Cron did not meet any particular standard of conduct
or have any particular belief or that a court has determined that
indemnification is not permitted by applicable law.

          (f) The rights of Cron hereunder shall be in addition to any other rights
Cron may have under the Company’s By-laws or the Delaware General Corporation
Law or otherwise. To the extent that a change in the Delaware General
Corporation Law (whether by statute or judicial decision) permits greater
indemnification by agreement than would be afforded currently under the
Company’s By-laws and this Agreement, it is the intent of the parties hereto
that Cron shall enjoy by this Agreement the greater benefits so afforded by
such change. Should the By-laws of the Company be amended after the date of
this Agreement such that the indemnification rights thereunder afforded to Cron
in his capacity as Interim CEO do not provide the maximum indemnification
permitted under applicable law, Cron shall be entitled to the benefit of the
indemnification provisions of the Company’s By-laws as in effect on the date of
this Agreement, subject only to such provisions not being in violation of
applicable law as then in effect.

     7. Confidential Information of Others. Cron agrees that in the performance
of his duties as Interim CEO, he will not use, disclose to the Company, or
induce the Company to use, any confidential information or documents belonging
to others.

     8. Confidential Information of the Company. As used in this Agreement, the
term “Confidential Information” means any and all confidential, proprietary or
secret information, including that conceived or developed by Cron, applicable
to or in any way related to (a) the present or future business of the Company,
(b) the research and development of the Company, or (c) the business of any

Page 3 of 7

 

client or vendor of the Company. Such Confidential Information of the
Company includes, by way of example and without limitation, trade secrets,
processes, formulas, data, program documentation, algorithms, source codes,
object codes, know-how, improvements, inventions, techniques, all plans or
strategies for marketing, development and pricing, and all information
concerning existing or potential clients or vendors. Confidential Information
of the Company also includes all similar information disclosed to the Company
by other persons. However, Confidential Information shall not include
information that (i) becomes generally available to the public other than as a
result of disclosure by Cron or any of Cron’s agents, advisors or
representatives, (ii) was made available to Cron, with no disclosure to Cron
that the information was subject to confidentiality restrictions, prior to its
disclosure to Cron by the Company or its agents, advisors or representatives,
or (iii) becomes available to Cron, with no disclosure to Cron that the
information was subject to confidentiality restrictions, from a source other
than the Company or its agents, advisors or representatives, provided such
source was, to Cron’s reasonable knowledge, entitled to make the disclosure to
Cron.

     9. Protection of the Company’s Confidential Information. Cron acknowledges
that the Confidential Information of the Company is a special, valuable, and
unique asset of the Company, and Cron agrees that at all times during the
period of his employment, and at all times after termination of such
employment, that he will keep in strict confidence and not disclose (except as
required by law or in order for Cron to perform his duties as Interim CEO) all
such Confidential Information. Cron agrees that he will abide by all Company
policies, rules and procedures that relate to the protection of the Company’s
Confidential Information.

     10. Return of Materials. Upon termination of employment with the Company,
and regardless of the reason for such termination, Cron agrees that he will
leave with, or promptly return to, the Company all documents, records,
notebooks, magnetic tapes, disks or other materials, including all copies, in
his possession or control which contain Confidential Information of the Company
or any other information concerning the Company, its products, services or
clients, whether prepared by the Cron or others, except for any such materials
that were delivered to Cron in his role as a director of the Company and which
continue to be necessary or useful to him in the performance of his continuing
duties as a director of the Company. In the event that Cron’s employment would
terminate as set forth in the second sentence of paragraph 3(b)(iii) of this
Agreement, he shall comply with the provisions of this paragraph 10 promptly
upon the date his employment otherwise would have terminated without giving
effect to the continuation of such employment through the Determination Date as
provided for by such sentence.

     11. Inventions as Sole Property of the Company. Any inventions,
discoveries, concepts or ideas, or expressions thereof, whether or not subject
to patents, copyrights, trademarks or service mark protection, and whether or
not reduced to practice, conceived or developed by Cron while employed by the
Company which relate to or result from the actual or anticipated business,
work, research or investigation of the Company or which are suggested by or
result from any task assigned to or performed by Cron for the Company shall be
the sole and exclusive property of the Company. Cron hereby assigns to the
Company the entire right, title and interest to any such inventions,
discoveries, concepts, ideas or expressions thereof and Cron agrees to perform,
during and after employment, all acts deemed necessary or desirable by the
Company to permit and assist it, at the Company’s expense, in obtaining,
maintaining, defending and enforcing inventions, discoveries, concepts, ideas,
or expressions thereof in any and all countries. Such acts may include, but
are not limited to, execution of documents and assistance or cooperation in
legal proceedings. Cron hereby irrevocably designates and appoints the Company
and its duly authorized officers and agents as Cron’s agents and
attorneys-in-fact to act for and in Cron’s behalf and instead of Cron, to
execute and file any documents and to do all other lawfully permitted acts to
further the above purposes with the same legal force and effect as if executed
by Cron.

     12. List of Prior Inventions. All inventions, discoveries, improvements,
concepts or ideas, or expressions thereof, which Cron has made prior to
employment by the Company are excluded from the scope of this Agreement. As a
matter of record, Cron has set forth on Exhibit A hereto a complete list of
inventions, discoveries, improvements, concepts or ideas, or expressions
thereof, which might reasonably be expected to relate to the development of
integrated enterprise computer software products consistent with the Company’s
principal lines of business as conducted at the date hereof and which have been
made by Cron prior to his employment by the Company. Cron agrees that under no
circumstances will he incorporate in any work performed for the Company: (a)
any of the inventions, discoveries, improvements, concepts or ideas, or
expressions thereof, disclosed on Exhibit A; and/or (b) any of the technology
described in any of the inventions, discoveries, improvements, concepts or
ideas, or expressions thereof, disclosed on Exhibit A, without the prior
written consent of the Company. Cron

Page 4 of 7

 

further agrees that in the event any of the inventions, discoveries,
improvements, concepts or ideas, or expressions thereof, disclosed on Exhibit A
are incorporated into any work performed for the Company without Company’s
written consent, Cron grants the Company a royalty free, perpetual license to
make, use, sell, offer to sell, import, copy, reproduce and/or perform any
other act (including the right to make, copy and reproduce derivative works)
necessary to continue to exploit any work performed by the Cron for the
Company.

     13. Authorization to Modify Restrictions. Cron acknowledges that the
restrictions contained in this Agreement are reasonable, but agrees that if a
court having proper jurisdiction holds a particular restriction unreasonable,
that restriction shall be modified to the extent necessary in the opinion of
such court to make it reasonable, and that the remaining provisions of this
Agreement shall nonetheless remain in full force and effect.

     14. No Duration of Employment. Notwithstanding anything else contained in
this Agreement to the contrary, the Company and Cron each acknowledge and agree
that Cron’s employment with the Company may be terminated by either the Company
(subject only to the provisions of paragraph 3(b)(iii) of this Agreement) or
Cron at any time and for any reason, with or without cause, upon 10 days’
written notice to the other party, provided that this Agreement may be
terminated “for cause” immediately upon written notice from the Company to
Cron. In addition, this Agreement shall automatically terminate upon Cron’s
death or Disability. For purposes hereof, “Disability” shall have the same
meaning as set forth in the 2002 Plan. Upon termination of his employment for
any reason whatsoever, the Company shall have no further obligation to Cron
other than those set forth in paragraphs 3(a), 3(b) and 6 of this Agreement.

     15. General.

               (a) Any notice required or permitted to be given under this Agreement
shall be made either:

          (i) by personal delivery to Cron or, in the case of the Company, to the
Company’s principal office (“Principal Office”) located at One Computer
Associates Plaza, Islandia, New York 11749, Attention: Senior Vice President –
Human Resources, or

          (ii) in writing and sent by registered mail, postage prepaid, to Cron’s
residence with a copy to:

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, NY 10036

Attention: Stephen M. Banker

or, in the case of the Company, to the Company’s Principal Office.

     Any provision of this Agreement calling for notice to be delivered by the
Board of Directors shall be satisfied by any notice that is executed on behalf
of the Board of Directors by any director or officer of the Company acting
pursuant to the authorization of the Board and otherwise delivered in
accordance with this paragraph 15(a)

               (b) This Agreement shall be binding upon Cron and his heirs, executors,
assigns, and administrators and shall inure to the benefit of the Company, its
successors and assigns and any subsidiary or parent of the Company.

               (c) This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without regard to conflict of law
principles. Any action relating to this Agreement shall be brought exclusively
in the state or federal courts of the State of New York, County of Suffolk.

               (d) This Agreement and the documents referred to herein represent the
entire agreement between Cron and the Company and supersede any and all
previous oral or written communications, representations or agreements. This
Agreement may only be modified, in writing, jointly by Cron and a duly
authorized representative of the Company.

               (e) Without limiting the scope of paragraph 13 of this Agreement, the
provisions of this Agreement shall be severable in the event that any of the
provisions hereof (including any provision within a single paragraph or
sentence) are held by a court of competent jurisdiction to be invalid, void or

Page 5 of 7

 

otherwise unenforceable in any respect, and the validity and
enforceability of any such provision in every other respect and of the
remaining provisions hereof shall not be any way impaired and shall remain
enforceable to the fullest extent permitted by law.

CAUTION TO CRON: This Agreement affects important rights. DO NOT sign it
unless you have read it carefully and are satisfied that you understand it
completely.

	 	 	 	 	 
	 	 	COMPUTER ASSOCIATES
INTERNATIONAL, INC.
	 
 
	 	 	 	 
	/s/ Kenneth D. Cron

	 	By:
	 	/s/ Andrew Goodman
	
 

	 	 	 	
 
	Kenneth D. Cron

	 	Name:

Title:
	 	Andrew Goodman

Senior Vice President, HR

Page 6 of 7

 

EXHIBIT A

TO

EMPLOYMENT AGREEMENT

     I represent that I have disclosed on this Exhibit all inventions,
discoveries, improvements, concepts or ideas or expressions thereof, including
all patents, patent applications, copyright registrations, copyrighted works
(e.g., program code in source or object form or writings) and/or computer
programs (collectively “Inventions”) in which I claim any proprietary right or
interest that might reasonably be expected to relate to the development of
integrated enterprise computer software products consistent with the Company’s
principal lines of business as conducted at the date hereof. I agree that any
present or future Inventions not listed on this Exhibit are subject to
licensing under paragraph 12 of the attached Employment Agreement.

     I understand that the Company has made no attempt to verify my claim of
ownership to any of the Inventions disclosed on this Exhibit, and that the
Company makes no admission that any Inventions disclosed on this Exhibit are
owned by me.

	 	 	 
	Brief Description of Invention	 	Right, Title or Interested and Date Acquired
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
	 	 
	
 

	 	
 
	 
 
	 	 
	
 

	 	
 
	Date

	 	Kenneth D. Cron

Page 7 of 7

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