Document:

EX-10.5

 

EXHIBIT 10.5

CHANGE IN CONTROL AGREEMENT

     On April 30, 2008, the Compensation Committee approved the Company’s entry into a Change in
Control Agreement with Dr. David G. Bakken who was appointed on April 30, 2008 by the Board of
Directors as an executive officer of the Company.

     The form of Change in Control Agreement with Dr. Bakken is the form previously used by the
Company in connection with other executive officers, and was filed as Exhibit 10.1 to the Company’s
Current Report on Form 8-K filed May 31, 2005 and incorporated herein by reference.EX-10.6

 

EXHIBIT 10.6

SALARY ARRANGEMENTS FOR EXECUTIVE OFFICERS

Dr. David G. Bakken and Stephan B. Sigaud were appointed on April 30, 2008 by the Board of
Directors to serve as executive officers of the Company. Their respective salaries, shown below,
are paid under unwritten arrangements subject to modification from time to time at the sole
discretion of the Compensation Committee. Dr. Bakken participates in the Company’s Corporate Bonus
Plan while Mr. Sigaud participates in the Company’s Business Unit Bonus Plan. Their respective
targets for fiscal 2008 under those plans are shown below.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Target Bonus
	 	 	Salary	 	FY08
	David G. Bakken, PhD
	 	$	210,000	 	 	$	50,000	 
	Executive Vice President and Chief
Scientist
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Stephan B. Sigaud
	 	$	260,000	 	 	$	75,000	 
	President, U.S. Solutions Research
GroupsEX-10.7

 

Exhibit 10.7

EMPLOYMENT AGREEMENT AMENDMENT 1

     THIS EMPLOYMENT AGREEMENT AMENDMENT 1 (“Amendment”) is made as of April 30, 2008
between HARRIS INTERACTIVE INC., a Delaware corporation (“Company”), and DAVID B. VADEN
(“Executive”).

     This Amendment amends the Employment Agreement (“Employment Agreement”)made between Company
and Executive effective as of April 30, 2007. All terms of the Employment Agreement, except as
amended hereby, remain in full force and effect. Capitalized terms not otherwise defined herein
shall have the meanings given to them in the Agreement.

     1. Section 4.9(a) of the Employment Agreement is hereby amended to read in its entirety as
follows:

     (a) If Executive is terminated without Cause, a Termination Date occurs on a June 30
due to non-renewal by the Company of the term of this Agreement under Section 2.1, or
Executive terminates his employment for Good Reason, in each such case during the one year
period following a Change of Control (as defined below), then:

     (i) in addition to payments and benefits to which Executive is entitled under Section
4.6, Executive also shall receive reimbursement for reasonable (in the discretion of the
Company) and actual expenses incurred by Executive for six months of out-placement services,
and

     (ii) in lieu of the payments and benefits to which Executive is entitled under Section
4.6(c)(iii), a payment in an amount equal to the average annual value of the Executive’s
annual Performance Bonus (with such average based on Performance Bonuses earned during the
two full fiscal years most recently ended), payable promptly after the Termination Date,.

     2. Section 4.10 of the Employment Agreement is hereby amended to read in its entirety as
follows:

          4.10 Effect of Section 409A.

     (a) Notwithstanding anything to the contrary contained herein, with respect to payments
due to Executive pursuant to Section 4.6(c)(iii)-(iv), 4.9(a), and 4.9(d):

     (i) any portion of such payments which is subject to Section 409A of the Code,
including by reason of such payments exceeding the maximum in Treasury Regulation
1.409A-1(b)(9)(iii) based upon two times the lesser of Executive’s annualized compensation
or the limitation set forth in Section 401(a)(17) of the Code, shall not be made until the
date which is the earlier of the date of Executive’s death and the date which is six (6)
months after the date of separation from service on the Termination Date, and

     (ii) if the Termination Date occurs in 2008 and if the amount of any payments to be
made in 2008 which is subject to Section 409A of the Code exceeds the

 

 

amount which is subject to Section 409A of the Code which would have been paid in 2008
had this Agreement not been amended by Amendment Number 1, then the amount of such excess
shall not be paid until January 2, 2009, on which date such excess amount shall be paid in a
lump sum.

     (b) Notwithstanding anything to the contrary contained herein, in the event that (i)
Executive notifies the Company, or the Company notifies Executive, in either case prior to
the date on which a payment would otherwise be due under this agreement that Executive (or
the Company, as applicable) believe that (x) the operation of this Agreement with respect to
any such payment hereunder would fall within the coverage of Section 409A(a)(1) of the IRC
and (y) any payment hereunder is to be made on account of IRC Section 409A(a)(2)(A)(i) and
Executive is a “specified employee” pursuant to IRC Section 409A(a)(2)(B)(i) then (ii) if
Executive’s legal counsel and the Company’s legal counsel, in each case acting reasonably,
agree that the foregoing analysis is correct, then such payment shall not be made until the
date which is the earlier of the date of Executive’s death and the date which is six (6)
months after the date of separation from service (the Termination Date).

IN WITNESS WHEREOF, this Amendment has been executed and delivered as of the date first above
written.

[Signature Page Follows]

2

 

HARRIS INTERACTIVE INC.

	 	 	 	 	 
	 	 	 
	By: 	  	/s/ Gregory T. Novak
 	 
	 	 	Gregory T. Novak 	 
	 	 	Chief Executive Officer 	 
	 
	 	 	 
	 	  	/s/ David B. Vaden
 	 
	 	 	DAVID B. VADEN 	 
	 	 	 	 
	 

3EX-10.8

 

Exhibit
10.8

EMPLOYMENT AGREEMENT AMENDMENT 1

     THIS EMPLOYMENT AGREEMENT AMENDMENT 1 (“Amendment”) is made as of April 30, 2008
between HARRIS INTERACTIVE INC., a Delaware corporation (“Company”), and GEORGE H. TERHANIAN
(“Executive”).

     This Amendment amends the Employment Agreement (“Employment Agreement”)made between Company
and Executive effective as of September 1, 2007. All terms of the Employment Agreement, except as
amended hereby, remain in full force and effect. Capitalized terms not otherwise defined herein
shall have the meanings given to them in the Agreement.

     1. Section 4.9(a) of the Employment Agreement is hereby amended to read in its entirety as
follows:

     (a) If Executive is terminated without Cause, a Termination Date occurs on a June 30
due to non-renewal by the Company of the term of this Agreement under Section 2.1, or
Executive terminates his employment for Good Reason, in each such case during the one year
period following a Change of Control (as defined below), then:

     (i) in addition to payments and benefits to which Executive is entitled under Section
4.6, Executive also shall receive reimbursement for reasonable (in the discretion of the
Company) and actual expenses incurred by Executive for six months of out-placement services,
and

     (ii) in lieu of the payments and benefits to which Executive is entitled under Section
4.6(c)(iii), a payment in an amount equal to the average annual value of the Executive’s
annual Performance Bonus (with such average based on Performance Bonuses earned during the
two full fiscal years most recently ended), payable promptly after the Termination Date,.

     2. Section 4.10 of the Employment Agreement is hereby amended to read in its entirety as
follows:

     4.10 Effect of Section 409A.

     (a) Notwithstanding anything to the contrary contained herein, with respect to payments
due to Executive pursuant to Section 4.6(c)(iii)-(iv), 4.9(a), and 4.9(d):

     (i) any portion of such payments which is subject to Section 409A of the Code,
including by reason of such payments exceeding the maximum in Treasury Regulation
1.409A-1(b)(9)(iii) based upon two times the lesser of Executive’s annualized compensation
or the limitation set forth in Section 401(a)(17) of the Code, shall not be made until the
date which is the earlier of the date of Executive’s death and the date which is six (6)
months after the date of separation from service on the Termination Date, and

     (ii) if the Termination Date occurs in 2008 and if the amount of any payments to be
made in 2008 which is subject to Section 409A of the Code exceeds the

 

 

amount which is subject to Section 409A of the Code which would have been paid in 2008
had this Agreement not been amended by Amendment Number 1, then the amount of such excess
shall not be paid until January 2, 2009, on which date such excess amount shall be paid in a
lump sum.

     (b) Notwithstanding anything to the contrary contained herein, in the event that (i)
Executive notifies the Company, or the Company notifies Executive, in either case prior to
the date on which a payment would otherwise be due under this agreement that Executive (or
the Company, as applicable) believe that (x) the operation of this Agreement with respect to
any such payment hereunder would fall within the coverage of Section 409A(a)(1) of the IRC
and (y) any payment hereunder is to be made on account of IRC Section 409A(a)(2)(A)(i) and
Executive is a “specified employee” pursuant to IRC Section 409A(a)(2)(B)(i) then (ii) if
Executive’s legal counsel and the Company’s legal counsel, in each case acting reasonably,
agree that the foregoing analysis is correct, then such payment shall not be made until the
date which is the earlier of the date of Executive’s death and the date which is six (6)
months after the date of separation from service (the Termination Date).

     IN WITNESS WHEREOF, this Amendment has been executed and delivered as of the date first above
written.

[Signature Page Follows]

2

 

	 	 	 	 	 
	 	HARRIS INTERACTIVE INC.

 	 
	 	By:  	/s/ Gregory T. Novak
 	 
	 	 	Gregory T. Novak 	 
	 	 	Chief Executive Officer 	 
	 
	 	 	 
	 	  	/s/ George H. Terhanian
 	 
	 	 	GEORGE H. TERHANIAN 	 
	 	 	 	 
	 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]