Document:

exv10w11

 

Exhibit 10.11

[LETTERHEAD OF ORACLE CORPORATION]

September 15, 2004

Mr. Charles E. Phillips, Jr.

President

Oracle Corporation

500 Oracle Parkway

M/S 5op11

Redwood Shores, Ca 94065

Dear Charles:

          This letter is intended to confirm the ongoing severance obligations
arising under your offer letter dated May 14, 2003, which set forth your
starting compensation, position and other terms and conditions. The severance
provision is the following:

“If you are involuntarily terminated from Oracle for any reason, Oracle will
provide, and you will accept, a severance package in the gross amount of
$800,000.00, in exchange for your execution of a general release agreement.”

          All other compensatory provisions described in the offer letter have been
satisfied.

Sincerely,

/s/ Joyce Westerdahl

Joyce Westerdahl

Senior Vice President, Human Resources

 

 

Employment Agreement & Mutual Agreement to Arbitrate

Please read this Agreement carefully before you agree to its terms by signing
it. You may wish to consult an attorney prior to signing the Agreement. The
Agreement sets forth certain important benefits, terms and conditions related
to your employment with Oracle. It also sets forth the mutual agreement
between you and Oracle to arbitrate any dispute or claim arising out of or
related to your Oracle employment and to waive all rights to a trial or hearing
before a court or jury.

Proprietary Information

Oracle’s proprietary rights and confidential information are among the
company’s most important assets. In addition to signing this Agreement as a
condition of employment, you also must sign the Proprietary Information
Agreement included in the New Employee Packet.

Oracle Policies

Your adherence to the Oracle Code of Ethics and Business Conduct, set forth in
a booklet included in the New Employee Packet, is vital to Oracle and to your
success at Oracle. When you sign this Agreement, you are agreeing to
thoroughly familiarize yourself with the Oracle Code of Ethics and Business
Conduct and you are agreeing to abide by it. You also agree to take Oracle’s
Ethics and Business Conduct course, available on-line through Oracle’s
intranet. In addition, when you sign this Agreement, you are acknowledging
that you have read the letter addressing Oracle’s Safety Program highlights
included in the New Employee Packet. The Oracle Code of Ethics and Business
Conduct and the Oracle Employee Handbook are on the Oracle intranet and
accessible to all employees. You agree, after beginning employment, to access
the Employee Handbook and thoroughly familiarize yourself with Oracle policies
and to abide by them. Additionally, from time to time, Oracle will communicate
important information about its policies by way of electronic mail notification
and/or the Oracle intranet. By signing this agreement, you agree to thoroughly
review these policy communications and to abide by them.

Employment Eligibility

In order to comply with the Immigration Reform and Control Act of 1986, the
federal government requires the company to examine documents which prove your
legal right to work in the United States. Please see the Verification of
Eligibility for Employment information which also is a part of the New Employee
Packet.

Benefits

Oracle offers its employees a comprehensive medical, dental, vision, life and
disability insurance package through Oracleflex, a flexible benefits program.
Oracleflex may require employee contributions. The company also offers
benefits including a 401(k) Savings and Retirement Plan, an Employee Stock
Purchase Plan, a Dependent Care Reimbursement Plan and an Educational
Reimbursement Plan. The details of these plans are included in the New
Employee Packet and/or are available on the Oracle intranet. You understand
that you must make your Oracleflex benefits elections within the limited time
period set forth in the communication accompanying your personal identification
number that you will receive after beginning employment.

By signing this Agreement, you authorize Oracle to deduct from your
compensation any and all contributions associated with your elections under
Oracleflex, the Oracle 401(k) Savings and Investment Plan, the Oracle Employee
Stock Purchase Plan, or any other benefit offered by Oracle in which you
participate and for which an employee contribution is required.

Your starting compensation, position and other terms and conditions related to
your employment are set forth in the offer letter you received. By signing
this Agreement, you also are agreeing to the terms and conditions set

 

 

forth in
the offer letter. Oral or written representations contradicting or
supplementing the terms of the offer letter are not valid.

At-Will Employment

Employment at Oracle is at-will. The company makes no express or implied
commitment that your employment will have a minimum or fixed term, that Oracle
may take adverse employment action only for cause or that your employment is
terminable only for cause. Either you or Oracle may terminate the employment
relationship at any time for any reason. Additionally, Oracle may take any
other employment action at any time for any reason. No one at Oracle may make,
unless specifically authorized in writing by Oracle’s Board of Directors, any
promise, express or implied, that employment is for any fixed term or that
cause is required for the termination of or change in the employment
relationship.

Equal Employment Opportunity and Escalation Process

Oracle believes that all employees should be treated fairly and equitably in
conformance with its Equal Employment Opportunity policies. We take personnel
action without regard to race, color, national origin, sex, marital status,
age, religion, disability or sexual orientation. Our commitment to these
policies applies to every phase of the employment relationship, and we make
every effort to comply with these policies. If, however, you feel you have not
been treated fairly in some way in your Oracle employment, you agree, before
taking any other action, to make a written complaint to a Director of the Human
Resources Department and to allow individuals within the Department a
reasonable period of time in which to investigate and informally attempt to
resolve your issues.

Mutual Agreement to Arbitrate

You and Oracle understand and agree that any existing or future dispute or
claim arising out of or related to your Oracle employment, or the termination
of that employment, will be resolved by final and binding arbitration and that
no other forum for dispute resolution will be available to either party, except
as to those claims identified below. The decision of the arbitrator shall be
final and binding on both you and Oracle and it shall be enforceable by any
court having proper jurisdiction.

The arbitration proceedings shall be conducted pursuant to the Federal
Arbitration Act, and in accordance with the National Rules for the Resolution
of Employment Disputes of the American Arbitration Association or the
Employment Arbitration Rules and Procedures adopted by Judicial Arbitration &
Mediation Services (“JAMS”). The arbitrator will have all the powers a judge
would have in dealing with any question or dispute that may arise before,
during and after the arbitration.

          Claims Not Covered

Claims for benefits under the workers’ compensation, unemployment insurance and
state disability insurance laws are not covered by this Arbitration Agreement.
Additionally, claims by you or by Oracle for temporary restraining orders or
preliminary injunctions (“temporary equitable relief”) in cases in which such
temporary equitable relief would be otherwise authorized by law are not covered
by this Arbitration Agreement. In such cases where temporary equitable relief
is sought, the trial on the merits of the action will occur in front of, and
will be decided by, the arbitrator, who will have the same ability to order
legal or equitable remedies as could a court of general jurisdiction.

          Costs

Oracle agrees to bear the costs of the arbitrator’s fee and all other costs
related to the arbitration, assuming such costs are not expenses that you would
be required to bear if you were bringing the action in a court of law. You and
Oracle shall each bear your own attorneys’ fees incurred in connection with the
arbitration, and the arbitrator will not have authority to award attorneys’
fees unless a statute at issue in the dispute or other appropriate law

 

 

authorizes the award of attorneys’ fees to the prevailing party, in which case
the arbitrator shall have the authority to make an award of attorneys’ fees as
permitted by the applicable statute or law.

          Consideration

You understand and acknowledge that you are offered employment in consideration
of your promise to arbitrate claims. In addition, the promises by Oracle and
by you to resolve claims by arbitration in accordance with the provisions of
this Arbitration Agreement, rather than through the courts, provide
consideration for each other.

          Knowing and Voluntary Agreement; Complete Agreement

You understand and agree that you have been advised to consult with an attorney
of your own choosing before signing this Employment Agreement & Mutual
Agreement to Arbitrate, and you have had an opportunity to do so.

YOU FURTHER UNDERSTAND AND AGREE THAT YOU HAVE READ THIS EMPLOYMENT
AGREEMENT & MUTUAL AGREEMENT TO ARBITRATIE CAREFULLY. BY SIGNING IT, YOU
ARE EXPRESSLY WAIVING ANY AND ALL RIGHTS TO A TRIAL OR HEARING BEFORE A
COURT OR JURY OF ANY AND ALL DISPUTES AND CLAIMS SUBJECT TO ARBITRATION
UNDER THIS ARBITRATION AGREEMENT WHICH CLAIMS YOU MAY NOW OR IN THE FUTURE
HAVE.

This Arbitration Agreement contains the complete agreement between Oracle and
you regarding the subject of arbitration and alternate dispute resolution, and
supersedes any and all prior written, oral, or other types of representations
and agreements between Oracle and you, if any.

Severability

If any portion of this Employment Agreement & Mutual Agreement to Arbitrate
shall, for any reason, be held invalid or unenforceable, or contrary to public
policy or any law, the remainder of the Agreement shall not be affected by such
invalidity or unenforceability, but shall remain in full force and effect, as
if the invalid or unenforceable term or portion thereof had not existed within
this Agreement.

Modification

This Employment Agreement & Mutual Agreement to Arbitrate may be modified only
in a writing, expressly referencing this Agreement and you by full name, signed
by you and Oracle’s Board of Directors.

By signing below you are agreeing that you have read and understood every
provision of this Agreement and that, in consideration for your employment at
Oracle, you agree to abide by its terms.

	 	 	 	 	 
	ACKNOWLEDGED AND ACCEPTED:
	 	 	 	 
	

	 	 	 	 
	

	 	 	 	 
	Charles Phillips
	 	 	 	 
	

	 	 	 	 
	Print Name
	 	 	 	 
	 
	 	 	 	 
	/s/ Charles E. Phillips, Jr.

	 	May 15, 2003	 	 
	

	 	
	 	 
	Signature

	 	Dateexv10w12

 

Exhibit 10.12

[LETTERHEAD OF ORACLE CORPORATION]

July 9, 2004

Mr. Harry L. You

Oracle is pleased to offer you the position of Executive
Vice President and Chief Financial Officer reporting
directly to Larry Ellison. In this position, you will be a
member of Oracle’s Executive Committee and will be appointed
to the Board of Directors of Oracle Japan. Although not a
member of Oracle’s Board of Directors, you will attend all
Board and Audit Committee meetings.

The following global functions will report to you:
controllership (includes a number of financial and
administrative functions), treasury, taxation, investor
relations, real estate, manufacturing and distribution,
customer leasing and human resources. While Oracle’s
internal audit group reports directly to the Audit
Committee, it will report indirectly to you, and you will
have administrative oversight of it. As the Chief Financial
Officer, you will enter into an Indemnity Agreement for
Executive Officers in a form that has been provided to you,
and you will be covered by Oracle’s Directors and Officers
liability insurance.

Your annual base salary will be $800,000, paid semi-monthly.
You will receive a one-time $1,000,000 sign-on bonus within
six weeks following your start date. For fiscal year 2005
and for fiscal year 2006, you will have a discretionary
bonus target of 100% of your base salary. A discretionary
bonus is typically paid within ten weeks of the close of a
fiscal year based upon annual targets set at the start of
each fiscal year. Even if you do not meet all annual
targets for the payment of the discretionary bonus, you will
be paid an $800,000 cash lump sum bonus within ten weeks
following the close of Oracle’s 2005 fiscal year, provided
you are employed by Oracle at the end of the 2005 fiscal
year, and an $800,000 cash lump sum bonus within ten weeks
following the close of Oracle’s 2006 fiscal year, provided
you are employed by Oracle at the end of the 2006 fiscal
year. In Oracle’s fiscal year 2007 and following, so long
as you remain employed, you will participate in Oracle’s
Executive Bonus Plan. You will accrue paid vacation at the
rate of 18 days per year, subject to the terms of Oracle’s
vacation policy.

After you join Oracle, you will receive an option to
purchase 2,000,000 shares of common stock with terms that
are as favorable as terms provided in Oracle’s standard form
agreement under the 2000 Long-Term Equity Incentive Plan
(the “Plan”) applicable to senior executives as of July 7,
2004. The option will be priced based upon Oracle’s stock
price at the close of the market on the first Thursday after
your start date. The grant date of the option will be the
first Thursday after your start date. Provided you remain
employed by Oracle, you will receive an additional stock
option grant (or the equivalent, if Oracle shifts away from
options to other equity compensation) of 800,000 shares
prior to July 31, 2005. The options will be
“non-qualified,” which generally means that you will have
taxable income at the time of exercise. All options will be
issued under a written agreement and will be subject to
compliance with all applicable securities regulations. As
long as you remain continuously employed by Oracle, you will
be eligible to exercise your right to purchase one quarter
of the option shares per year, subject to the terms of your
written option agreement. You will be considered for
additional equity and/or option grants in subsequent fiscal
years. You should consult your personal tax advisor if you
have questions regarding a stock option grant.

Oracle will pay all reasonable, documented relocation
expenses in connection with your move from Dallas to
California, including a gross-up for applicable taxes.
Additionally we will pay moving expenses not to exceed
$10,000 in connection with your moving personal items to
California from New Jersey. We will also offer to purchase
your current home in Dallas based on the price set by a
mutually agreed upon appraisal firm.

 

 

If you are involuntarily terminated from Oracle, other than
for gross misconduct (“Cause”), or if you resign for Good
Reason (as defined below), before the second anniversary of
your start date, you will execute a full release of claims
(other than your right to enforce your Indemnification
Agreement) (the “Release”) and, in exchange, receive as
severance a cash lump sum payment that is equal to two
years’ base salary and bonus ($3,200,000), as well as
partial acceleration of the vesting of your initial
2,000,000 share option grant such that 50% of that grant is
vested. If, at the time of such termination or resignation
before the second anniversary of your start date, you have
been employed past the first anniversary of your start date,
we will partially accelerate the vesting of the
aforementioned 800,000 share stock option grant such that
25% of that grant is vested. Should you be terminated from
Oracle or resign for Good Reason before the second
anniversary of your start date, you shall not be entitled to
any pro rata bonus payment. After the second anniversary of
your start date, if you are involuntarily terminated, other
than for Cause, or if you resign for Good Reason, you will
execute a Release and, in exchange, receive a cash lump sum
severance payment of one year’s base salary and no option
vesting acceleration, provided, however, if such termination
occurs on or after a Change of Control (as defined in the
Plan), you will receive a cash lump sum severance payment of
at least one year’s base salary plus such other payments and
benefits you and Oracle negotiate in good faith. Good
Reason for purposes of this letter agreement shall mean the
occurrence, without your consent, of any of the following
circumstances: (i) any material adverse change in your
title or a material diminution in your responsibility for
oversight of the finance department (ii) a relocation of
Oracle’s executive offices to a location more than 35 miles
from its current location or your relocation away from
Oracle’s executive offices; (iii) any material breach by
Oracle of this letter agreement; or (iv) failure of any
successor to Oracle (whether direct or indirect and whether
by merger, acquisition, consolidation or otherwise) to
assume the obligations of Oracle under this letter
agreement. Severance shall be paid without duty to mitigate
and without offset for other amounts earned. Upon
termination of employment, you shall receive all amounts and
benefits that have been earned and accrued through the date
of termination under any applicable plan or arrangement
maintained by Oracle, which shall be payable or provided
subject to, and in accordance with, the terms of the
applicable plan or arrangement (including, without
limitation, applicable benefits under Oracle’s life
insurance and disability plans).

If you become entitled to payments and/or benefits provided
by this letter or any other amounts in the “nature of
compensation” as a result of such change in ownership or
effective control of Oracle (a “Payment”) and such Payment
would be subject to the excise tax imposed by Section 4999
of the Internal Revenue Code or any interest or penalties
are incurred by you with respect to such excise tax (such
excise tax, together with any such interest and penalties,
are hereinafter collectively referred to as the “Excise
Tax”), then you shall be entitled to receive an additional
payment (a “Gross-Up Payment”) in an amount such that after
payment by you of all taxes (including any interest or
penalties imposed with respect to such taxes), including,
without limitation, any income taxes (and any interest and
penalties imposed with respect thereto) and the Excise Tax
imposed upon the Gross-Up Payment, you retain an amount
equal to the Payments.

Oracle acknowledges that you have a four month notice period
with Accenture. Should Accenture decide to enforce the
notice period, and should Accenture not be required to and
refuse to compensate you during the notice period, Oracle
agrees that it will pay you your annual base salary, as set
forth in this letter, for the notice period. However, your
start date for purposes of the one-time sign-on bonus, the
initial option grant (and the exercise price for such grant)
shall not be established until the notice period expires and
you begin continuously to provide services to Oracle under
this letter agreement. Additionally, your bonus for fiscal
year 2005 shall be adjusted pro rata so that the bonus is
paid only for the period during fiscal year 2005 that you
have continuously provided services to Oracle.

We believe that your current employer, Accenture, will
ultimately realize that attempting to enforce any
non-compete is inadvisable for various reasons including
that it and Oracle do much more partnering than competing.
Oracle was only recently added to its list of competitors
and you are not a billable consultant bringing competitive
skills to Oracle. However, if your current employer will
not waive your non-compete agreement and, in order to
provide services to Oracle, you are required in accordance
with your agreements with Accenture to (i) pay Accenture an
amount in cash in “liquidated damages or (ii) forfeit all
or a portion of your restricted stock units or Accenture
stock, Oracle agrees to partially reimburse you for this
loss. Specifically, for up to the first $2,000,000 dollars
that you are required to repay, Oracle will reimburse you
one-half of your loss. For amounts between $2,000,000
dollars and $3,500,000 that you are required to repay,

 

 

Oracle will reimburse you in full. Oracle will have no
reimbursement obligation beyond these amounts. Legal
expenses to contest a non-compete clause will be paid by
Oracle, provided Oracle consents to the course of action
(which consent shall not be unreasonably withheld or
delayed) and to the selection of counsel.

This letter shall be assignable by Oracle only to an
acquirer of all or substantially all of the assets of
Oracle, provided such acquirer promptly assumes all of the
obligations hereunder in a writing delivered to you.

No provision of this letter agreement may be modified unless
such modification is agreed to in writing and signed by you
and an authorized officer or director of Oracle.

To accept this offer, please sign the enclosed Employment
Agreement (be sure to confirm your intended start date), the
Proprietary Information Agreement and all other documents
required and return them to Oracle in the enclosed envelope.
Employment and employee benefits can only begin after you
have signed these documents and they have been received by
our Employee Service Center. If you have any questions
regarding these documents, please feel free to call our
Employee Service Center at (888) 404-2494.

Harry, we’re very excited to have you join Oracle. We agree
that you will initially work from Dallas, and that you
expect to move to the Oracle headquarters area in the summer
of 2005. While we understand that you may be required to
delay your start of employment due to the four month notice
period in your agreement with Accenture, please indicate
your acceptance of our offer no later than August 9. If
you have any questions feel free to contact me or Larry
Ellison.

Sincerely,

/s/ Jeff Henley

Jeff Henley

Chairman of the Board

 

Enclosure: New Employee Packet

CC: Larry Ellison, Don Lucas.

 

 

Employment Agreement & Mutual Agreement to Arbitrate

Please read this Agreement carefully before you agree to its terms by signing
it. You may wish to consult an attorney prior to signing the Agreement. The
Agreement sets forth certain important benefits, terms and conditions related
to your employment with Oracle. It also sets forth the mutual agreement
between you and Oracle to arbitrate any dispute or claim arising out of or
related to your Oracle employment and to waive all rights to a trial or hearing
before a court or jury.

Proprietary Information

Oracle’s proprietary rights and confidential information are among the
company’s most important assets. In addition to signing this Agreement as a
condition of employment, you also must sign the Proprietary Information
Agreement included in the New Employee Packet.

 Oracle Policies

Your adherence to the Oracle Code of Ethics and Business Conduct, set forth in
a booklet included in the New Employee Packet, is vital to Oracle and to your
success at Oracle. When you sign this Agreement, you are agreeing to
thoroughly familiarize yourself with the Oracle Code of Ethics and Business
Conduct and you are agreeing to abide by it. You also agree to take Oracle’s
Ethics and Business Conduct course, available on-line through Oracle’s
intranet. In addition, when you sign this Agreement, you are acknowledging
that you have read the letter addressing Oracle’s Safety Program highlights
included in the New Employee Packet. The Oracle Code of Ethics and Business
Conduct and the Oracle Employee Handbook are on the Oracle intranet and
accessible to all employees. You agree, after beginning employment, to access
the Employee Handbook and thoroughly familiarize yourself with Oracle policies
and to abide by them. Additionally, from time to time, Oracle will communicate
important information about its policies by way of electronic mail notification
and/or the Oracle intranet. By signing this agreement, you agree to thoroughly
review these policy communications and to abide by them.

 Employment Eligibility

In order to comply with the Immigration Reform and Control Act of 1986, the
federal government requires the company to examine documents which prove your
legal right to work in the United States. Please see the Verification of
Eligibility for Employment information which also is a part of the New Employee
Packet.

 Benefits

Oracle offers its employees a comprehensive medical, dental, vision, life and
disability insurance package through Oracleflex, a flexible benefits program.
Oracleflex may require employee contributions. The company also offers
benefits including a 401(k) Savings and Retirement Plan, an Employee Stock
Purchase Plan, a Dependent Care Reimbursement Plan and an Educational
Reimbursement Plan. The details of these plans are included in the New
Employee Packet and/or are available on the Oracle intranet. You understand
that you must make your Oracleflex benefits elections within the limited time
period set forth in the communication accompanying your personal identification
number that you will receive after beginning employment.

By signing this Agreement, you authorize Oracle to deduct from your
compensation any and all contributions associated with your elections under
Oracleflex, the Oracle 401(k) Savings and Investment
Plan, the Oracle Employee Stock Purchase Plan, or any other benefit offered by
Oracle in which you participate and for which an employee contribution is
required.

 

 

Your starting compensation, position and other terms and conditions related to
your employment are set forth in the offer letter you received. By signing
this Agreement, you also are agreeing to the terms and conditions set forth in
the offer letter. Oral or written representations contradicting or
supplementing the terms of the offer letter are not valid.

At-Will Employment

Employment at Oracle is at-will. The company makes no express or implied
commitment that your employment will have a minimum or fixed term, that Oracle
may take adverse employment action only for cause or that your employment is
terminable only for cause. Either you or Oracle may terminate the employment
relationship at any time for any reason. Additionally, Oracle may take any
other employment action at any time for any reason. No one at Oracle may make,
unless specifically authorized in writing by Oracle’s Board of Directors, any
promise, express or implied, that employment is for any fixed term or that
cause is required for the termination of or change in the employment
relationship.

Equal Employment Opportunity and Escalation Process

Oracle believes that all employees should be treated fairly and equitably in
conformance with its Equal Employment Opportunity policies. We take personnel
action without regard to race, color, national origin, sex, marital status,
age, religion, disability or sexual orientation. Our commitment to these
policies applies to every phase of the employment relationship, and we make
every effort to comply with these policies. If, however, you feel you have not
been treated fairly in some way in your Oracle employment, you agree, before
taking any other action, to make a written complaint to a Director of the Human
Resources Department and to allow individuals within the Department a
reasonable period of time in which to investigate and informally attempt to
resolve your issues.

Mutual Agreement to Arbitrate

You and Oracle understand and agree that any existing or future dispute or
claim arising out of or related to your Oracle employment, or the termination
of that employment, will be resolved by final and binding arbitration and that
no other forum for dispute resolution will be available to either party, except
as to those claims identified below. The decision of the arbitrator shall be
final and binding on both you and Oracle and it shall be enforceable by any
court having proper jurisdiction.

The arbitration proceedings shall be conducted pursuant to the Federal
Arbitration Act, and in accordance with the National Rules for the Resolution
of Employment Disputes of the American Arbitration Association or the
Employment Arbitration Rules and Procedures adopted by Judicial Arbitration &
Mediation Services (“JAMS”). The arbitrator will have all the powers a judge
would have in dealing with any question or dispute that may arise before,
during and after the arbitration.

          Claims Not Covered

Claims for benefits under the workers’ compensation, unemployment
insurance and state disability insurance laws are not covered by this
Arbitration Agreement. Additionally, claims by you or by Oracle for temporary
restraining orders or preliminary injunctions (“temporary equitable relief”) in
cases in which such temporary equitable relief would be otherwise authorized by
law are not covered by this Arbitration Agreement. In such cases where
temporary equitable relief is sought, the trial on the merits
of the action will occur in front of, and will be decided by, the arbitrator,
who will have the same ability to order legal or equitable remedies as could a
court of general jurisdiction.

          Costs

Oracle agrees to bear the costs of the arbitrator’s fee and all other
costs related to the arbitration, assuming such costs are not expenses that you
would be required to bear if you were bringing the action

 

 

in a court of law.
You and Oracle shall each bear your own attorneys’ fees incurred in connection
with the arbitration, and the arbitrator will not have authority to award
attorneys’ fees unless a statute at issue in the dispute or other appropriate
law authorizes the award of attorneys’ fees to the prevailing party, in which
case the arbitrator shall have the authority to make an award of attorneys’
fees as permitted by the applicable statute or law.

          Consideration

You understand and acknowledge that you are offered employment in
consideration of your promise to arbitrate claims. In addition, the promises
by Oracle and by you to resolve claims by arbitration in accordance with the
provisions of this Arbitration Agreement, rather than through the courts,
provide consideration for each other.

          Knowing and Voluntary Agreement; Complete Agreement

You understand and agree that you have been advised to consult with an
attorney of your own choosing before signing this Employment Agreement & Mutual
Agreement to Arbitrate, and you have had an opportunity to do so.

	          	YOU FURTHER UNDERSTAND AND AGREE THAT YOU HAVE READ THIS EMPLOYMENT
AGREEMENT & MUTUAL AGREEMENT TO ARBITRATIE CAREFULLY. BY SIGNING IT,
YOU ARE EXPRESSLY WAIVING ANY AND ALL RIGHTS TO A TRIAL OR HEARING
BEFORE A COURT OR JURY OF ANY AND ALL DISPUTES AND CLAIMS SUBJECT TO
ARBITRATION UNDER THIS ARBITRATION AGREEMENT WHICH CLAIMS YOU MAY NOW OR
IN THE FUTURE HAVE.

This Arbitration Agreement contains the complete agreement between Oracle and
you regarding the subject of arbitration and alternate dispute resolution, and
supersedes any and all prior written, oral, or other types of representations
and agreements between Oracle and you, if any.

 Severability

If any portion of this Employment Agreement & Mutual Agreement to
Arbitrate shall, for any reason, be held invalid or unenforceable, or contrary
to public policy or any law, the remainder of the Agreement shall not be
affected by such invalidity or unenforceability, but shall remain in full force
and effect, as if the invalid or unenforceable term or portion thereof had not
existed within this Agreement.

Modification

This Employment Agreement & Mutual Agreement to Arbitrate may be
modified only in a writing, expressly referencing this Agreement and you by
full name, signed by you and Oracle’s Board of Directors.

By signing below you are agreeing that you have read and understood every
provision of this Agreement and that, in consideration for your employment at
Oracle, you agree to abide by its terms.

	 	 	 	 	 
	ACKNOWLEDGED AND ACCEPTED:
	 	 	 	 
	 
	 	 	 	 
	Harry L. You

Print Name

	 	 	 	 
	 
	 	 	 	 
	/s/ Harry L. You

Signature

	 	9/16/04

Date

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