Document:

Exhibit 10.13

 

 

	
   

  	
  Versant
  Corporation

  
	
   

  	
   

  
	
  June 26,
  2000

  	
  6539 Dumbarton
  Circle

  
	
   

  	
   

  
	
   

  	
  Fremont, CA
  94555

  
	
   

  	
   

  
	
  Mr. Lee
  McGrath

  	
  (510)789-1500
  main

  
	
  370 Pismo
  Terrace

  	
   

  
	
  Suhnyvale,
  CA 94086

  	
  (510)
  789-1515 fax

  

 

Dear Lee:

 

We are pleased to offer you the
full-time position with Versant Corporation as Vice President, Finance &
Administration and Chief Financial Officer, reporting to Nick Ordon, President
& Chief Executive Officer.  Your
initial base salary will be $13,333.33 per month (annualized at $160,000.00),
which will be paid semi-monthly.  You
will also be eligible for a $32,000.00 bonus, based on performance objectives,
which will be established with you within 30 days after your start date, and
the bonus will be earned during the last half of calendar year 2000 and paid in
January 2001.

 

The Company offers medical,
dental, long term disability, life, flex, vision, ESPP and 401(k)
benefits.  If you have any questions
about these benefits, please contact or email Robin Steckhahn at
robin@versant.com.  You will also accrue
vacation time at 3 weeks per year commencing your first year of employment.

 

You will be granted an option
to purchase 70,000 shares of Versant Corporation common stock under the current
stock option program subject to Board of Director’s approval.

 

I hope that you will be able to
make a commitment as soon as possible and begin your employment with Versant
Corporation on or before August 1, 2000. 
This offer will remain valid until July 7, 2000.  On your first day of employment, please be
prepared to show proof of eligibility to work in the United States.  Acceptable documentation includes: valid US
passport, valid certificate of citizenship, valid certificate of
naturalization, un-expired INS work permit, un-expired foreign passport bearing
an appropriate, un-expired endorsement of the US Attorney General authorizing
an individual’s employment in the United States.  Resident Alien card, Form I-94, or social
security card with valid driver’s license.

 

By accepting this offer you
agree that your employment is “at will” and that you may be terminated at the
sole discretion of management.  You may
also resign at any time for any reason whatsoever.

 

This letter sets forth the
entire understanding between yourself and Versant Corporation as to the duration
of your employment.  The terms of this
offer may only be modified in writing by an officer of Versant.  The terms of this offer letter are
confidential and Versant reserves the right to cancel this offer without notice
if these terms become public knowledge.

 

To confirm your acceptance of
this offer, please sign and return a copy of this letter.  If you have any questions, please do not
hesitate to call.  We are all looking
forward to having you on the Versant team and believe that you will find
working at Versant a rewarding career.

 

	
  Sincerely,

  	
  Accepted by:

  
	
   

  	
   

  
	
  Sincerely,

  	
  Accepted by:

  	
  /s/ Lee
  McGrath

  	
   

  	
  6/30/00

  	
   

  
	
   

  	
   

  	
  Lee McGrath

  	
  Date

  	
   

  
	
  /s/ Nick
  Ordon

  	
   

  	
   

  
	
  Nick Ordon

  	
   

  
	
  President
  and CEO

  	
   

  
	
   

  	
   

  
	
  EnclosuresExhibit 10.14

 

MANAGING DIRECTOR

SERVICE CONTRACT

 

between

 

	
  POET Software GmbH

  	
   

  
	
  Wiesenkamp 22 b

  	
   

  
	
  22359 Hamburg

  	
   

  

 

- hereinafter “Company” -

 

here represented by its shareholders

 

the letter represented by

 

	
  Nick Ordon

  	
   

  

 

and

 

	
  Herr/Mr. Jochen Witte

  	
   

  

 

- hereinafter “Managing Director” -

 

Preamble

 

By Shareholders’ resolution on
19 May 1993 the shareholders appointed the Managing Director to be Managing
Director of the Company.

 

His employment with the Company
has been ruled so far by the Managing Director’s “Contract of Service” as of 19
May 1993 together with the “Attachments of Employment Agreement” as of 10
September 1998 and all further additional agreements.

 

The parties agree that upon
expiry of the day preceding the day of commencement of this agreement the
Managing Director’s “Contract of Service” as of 19 May 1993 together with the “Attachments
of Employment Agreement” as of 10 September 1998 and

 

 

all further additional
agreements shall terminate.

 

The parties agree that the
conditions of employment of the Managing Director of the Company solely and
exclusively base upon the following provisions:

 

§ 1
Position and Tasks

 

(1)  The Managing Director of the Company has the
title “President of the European Operations of Versant” as well as the title “Managing
Director of POET Software GmbH”.  He is
in particular responsible for the European operations of Versant Corporation
and its subsidiaries.

 

(2)  The Managing Director shall conduct the
business of the Company conscientiously with the care of a proper businessman
and shall exercise in a responsible way the duties assigned to him by the law,
articles of Incorporation, contract and where necessary general codes of
practice and rules of procedure.  In
particular he shall also obey the basic principles of the Company’s business
plan.

 

(3)  The Managing Director’s main activity
comprises the responsible management and supervision of the Company (including
the initiation, co-ordination and execution of all procedures) and may, from
time to time, be extended upon request of the shareholders to the performance
of other assignments or the assumption of further responsibilities within the
related Versant group of corporations, to support its overall business
objective.

 

(4)  When appointing additional Managing Directors,
the tasks of the management can be specified by the Shareholders’ Meeting.  The Managing Director shall co-ordinate his
activities with the other Managing Directors in a helpful and considerate
manner.

 

§ 2 Shareholders’
Resolutions

 

(1)  The Managing Director is bound by the
resolutions of the Shareholders’ Meeting.

 

(2)  In particular, the Shareholders’ Meeting can
define general guidelines regarding the conduct of

 

1

 

business transactions.

 

(3) Moreover the Shareholders’
Meeting can issue binding rules of procedure defining the demarcation of the
areas of activity of the Managing Directors.

 

(4) Subject to further
instructions by the Shareholders’ Meeting, the Managing Director shall require
the prior written approval of the Shareholders’ Meeting for all activities
going above and beyond the Company’s ordinary scope of business
activities.  Among these are in
particular the business activities mentioned in Exhibit 1.

 

(5) Consent can already be granted
in advance, including for individual groups of transactions. Inclusion in the
adopted annual budget counts as consent, unless a reservation was attached to
its adoption in this respect.

 

(6) The Managing Director
reports to the person assigned by the Shareholders’ Meeting, presently to the
Chief Executive Officer of Versant Corporation, currently Mr. Nick Ordon (“Representative
of the Shareholders’ Meeting”).

 

§ 3 Power
of representation

 

(1) The Managing Director
represents the Company (alongside the other Managing Directors where necessary)
legally and extrajudicially in accordance with the conditions of his
appointment and the articles of association.

 

(2) The Managing Director shall
obey the restrictions imposed on him by this agreement, the articles of
association, the law, an instruction or a resolution by the Shareholders’
Meeting.

 

§ 4
Duration

 

(1) This agreement starts on
April 1, 2004 and runs for a period of three years. It expires on March 31,
2007.

 

3

 

§ 5
Termination/Recall

 

(1) The right to give
extraordinary notice for cause remains unaffected. A cause for the Company
exists in particular if the Managing Director violates the provisions of this
agreement or the restrictions concerning management that are imposed on him in
the internal relationship. The extraordinary notice of this agreement must be
in writing to be effective.

 

(2) The Company shall be
entitled to release the Managing Director from further activities for the
Company on full pay during the duration of this agreement, especially in case
of a recall from his position as Managing Director.

 

(3) The Managing Director’s
appointment as Managing Director of the Company can be revoked at any time by
the Shareholders’ Meeting, notwithstanding any compensation claims on his part
arising from this agreement.

 

§ 6
Remuneration

 

(1) The Managing Director shall
receive an annual fixed gross salary of EUR 150,000. -(Base Salary) as
remuneration for his work, which shall be payable in 12 equal instalments of
EUR 12,500. - gross (Monthly Gross Salary) less statutory deductions at the end
of each calendar month. If a contract year is shorter than the calendar year,
the remuneration shall be paid pro rata temporis.

 

(2) In addition to the Base Salary
in accordance with para 1 above, the Managing Director shall receive a variable
annual compensation of EUR 75,000.- gross (Target Bonus), related to the
success of the European operations. The variable compensation shall be paid
once a year in the first quarter of the following year. In the event that a
contract year is shorter than a calendar year, the variable compensation shall
be paid pro rata temporis.

 

(3) No employer’s pension
commitment exists.

 

(4) The remuneration according
to this provision is the settlement for the entire activity by the Managing
Director, in particular where necessary also that for subsidiary, part-owned or
other companies of the Versant group or on Sundays and public holidays.

 

4

 

Insofar as the Managing
Director receives remunerations for such activities directly from the companies
involved, these shall be off-set against the remuneration according to this
agreement, except as expressly agreed otherwise.

 

§ 7 Other
benefits

 

(1) The Company will provide
the Managing Director with a company car with a monthly lease rate up to EUR
1,000.- net. In this regard the Managing Director shall keep his current
company car. An upgrading shall be financed by the Managing Director. A downgrading
shall be taken into account as gross motor vehicle compensation in the monthly
salary statement. The Managing Director is entitled to use the company car for
private purposes. According to German tax regulations, as in force from time to
time, the private use is taxable as remuneration in kind, which shall be taken
into consideration for the payroll. Otherwise, the motor vehicle guidelines of
the Company shall apply in their respectively applicable version. Upon
termination of the employment, the Managing Director shall return the company
car immediately.

 

(2) The Company will reimburse
the Managing Director for proved travel expenses and other expenditure which
became necessary in the interest of the Company in accordance with guidelines
of the Company in force from time to time and German tax regulations in force
from time to time.

 

(3) The Managing Director is
entitled to a life insurance benefit with a monthly premium up to EUR 130. -
net.

 

(4) The Company shall insure
the Managing Director against accident to the usual and appropriate amount.

 

§ 8
Vacation

 

(1) The Managing Director is
entitled to an annual vacation of 28 working days.

 

(2) The Managing Director shall
agree with the other managing directors and with the Representative of

 

5

 

 

the Shareholders’ Meeting the
time of vacation reasonably in advance. 
This shall also apply for the grant of extra vacation for exceptional
circumstances (e.g. death of close relatives).

 

(3) The vacation entitlement
expires at the latest on 31st March of the following year.  There is no compensation for vacation days
that are not taken.

 

§ 9
Sickness/Death/Accident

 

(1) The Managing Director shall
promptly notify the Representative of the Shareholders’ Meeting about sickness,
if any, and, in case the sickness lasts more than three days, submit a medical
certificate attesting to his inability to work and the probable length thereof.

 

(2) In the event of temporary
illness or other impediment for which he is not to blame, the monthly Base
Salary (§ 6 para. 1) will continue to be paid for a period of six (6)
months.  The continuation of earnings
shall take place until the termination of the agreement at the latest.

 

(3) Any benefits from third
parties, for example based on legal liability claims or sickness insurances,
shall be off-set against the Company’s performances to the extent that as a
result of these benefits from third parties and the Company’s performances the
net earnings the Managing Director would have had according to § 6 para.  1 if he had not been unable to work are
exceeded.

 

(4) If the Managing Director
dies during the term of this agreement, then, if applicable, his widow and his
legitimate children provided that the latter have not yet completed the 25th
year of their life and are still in professional training, shall as joint
creditors be entitled to the continuation of the monthly Base Salary (§
6 para. 1) for the month of death and for the six (6) following months. Para. 3
applies accordingly.

 

§ 10
Duties and secondary activities

 

(1) The Managing Director shall
put his entire working efforts and their results as well as the whole of his
experience and knowledge at the sole disposal of the Company.  The working hours are governed by

 

6

 

the duties arising and amount
to at least 40 hours per week.

 

(2) Every other employment
aimed at earning income requires the prior written consent of the Shareholders’
Meeting.  The Managing Director
undertakes an obligation to give the Company advance written notice of every
secondary employment that may actually or possibly require permission.

 

(3) The written consent of the
Shareholders’ Meeting is also required in order to undertake honorary offices
that cause a not inconsiderable expenditure of work, as well as for
appointments to a supervisory board, association committee or similar
institution.  The same also applies to a
scientific, authorship, consultancy or similar activity.

 

(4) The Shareholders’ Meeting
is permitted to refuse as is possible at any time, revoke its consent to a
notified secondary activity only if the secondary activity involved, in itself
or in conjunction with other secondary activities, gives reason to fear an
impairment of the Managing Director’s activity for the Company or the Company’s
other needs.

 

(5) On the termination of this
service relationship and/or at the time release is given in the case of
premature release, the Managing Director shall in response to a resolution by
the Shareholders’ Meeting give up all appointments he undertook and/or carried
out on the basis of his activity or in relation to his activity in the Company.

 

§ 11
Confidentiality/Return of Documents

 

(1) The Managing Director
shall, during the period of employment with the Company or at any time
thereafter, strictly keep confidential any confidential information concerning
the business, contractual arrangements, deals, transactions or particular
affairs of the Company or its affiliates, and will not utilise any such
information for his own benefit or for the benefit of others.

 

(2) Publications and lectures
concerning the scope

 

7

 

of business of the Company or its affiliates shall require the prior
consent of the Shareholders’ Meeting. 
They constitute intellectual property of the Company.

 

(3) During his employment upon request of the Company, without request
at the latest upon his resignation from the Company and/or at the time release
is given in the case of release at an earlier time, the Managing Director shall
return to the Company all files and other documents concerning the business of
the Company and its affiliates in his possession or open to his access,
specifically all designs, customer and price lists, printed material,
documents, sketches, notes, drafts - as well as copies thereof – regardless
whether or not the same were originally furnished by the Company or by its
affiliates.  The Managing Director is not
entitled to exercise a right of retention on such items.

 

§ 12 Copyright and Other Intellectual Property Rights, Inventions

 

(1) The Managing Director assigns to the Company the exclusive right of
use and exploitation, unrestricted in time, territory and content, of all work
output which is capable of copyright protection or of protection under
trademark, registered design and/or utility model or any other intellectual
property rights, which the Managing Director produces during the period of his
employment, during his working hours or outside of his working hours, insofar
as they relate to his service duties under this agreement.  The assignment of the use and exploitation
rights includes the authorisation to further revision and to the issue of
licenses to third parties and is fully compensated for by the Base Salary set
out in § 6 para 1 of this Agreement.  The
Managing Director expressly waives all other rights due to him as holder of
copyright or other intellectual property rights in the work output, in
particular the right to be named or to access to the work.

 

(2) For inventions of the Managing Director the German Law on Employee’s
Inventions (Arbeitnehmererfindungsgesetz) shall apply, however with the
reservation that the claim of any inventions of the Managing

 

8

 

Director by the Company is
fully compensated by the Base Salary in accordance with § 6 para 1 above.

 

§
Non-Compete Covenant

 

(1)  After the end of this agreement, the Managing
Director is subject to a post-contractual non-compete covenant for a period of
one (1) year in accordance with the following provisions.

 

(2)  During the period of the post-contractual
non-compete covenant, the Managing Director will not engage in any activity for
an enterprise primarily engaged in database management or an enterprise that is
primarily engaged in any other areas that the Company has derived more than 15
percent of its gross revenue within the prior 12 month period, neither directly
nor indirectly, neither in a freelance, entrepreneurial, employment or investment
activity, neither remunerated nor free of charge.

 

(3)  The non-compete obligation shall extend to
the geographic territory of Germany.

 

(4)  For the term of the post-contractual
non-compete covenant the Company shall pay the Managing Director a compensation
after termination of the employment, which for every year of the non-compete
covenant amounts to half the last annual contractual remuneration received by
the Managing Director. The compensation shall be paid monthly at the end of
each month.

 

(5)  The Company may waive the non-compete
covenant at any time with the effect that upon such waiver the obligation of
the Company to pay compensation shall cease.

 

(6)  If the Managing Director breaches this
obligation not to compete, the Company can claim a contractual fine for each
case of a breach in the amount of three (3) monthly salaries. Monthly salary is
the average monthly remuneration earned in the last twelve months before the
Managing Director leaves the Company. In case of a permanent breach this fine
is due again for each commenced month of a breach. At the same time, the
Company’s obligation to pay compensation shall be cancelled. Any further
claims, including claims for cease-and-desist and for damages, shall not be
affected hereby.

 

9

 

(7)  If one of these provisions of this clause is
held to be invalid, the remaining provisions shall remain valid.

 

(8)  §§ 74 seq. of the German Commercial Code
(HGB) apply in addition.

 

§ 14
Miscellaneous

 

(1)  The parties agree that upon expiry of the day
preceding the day of commencement of this agreement the Managing Director’s “Contract
of Service” as of 19 May 1993 together with the “Attachments of Employment
Agreement” as of 10 September 1998 and all further additional agreements shall
be terminated and replaced by this agreement. The parties further agree that
upon expiry of the day preceding the day of commencement of this agreement all
claims of the Managing Director under the Managing Director’s “Contract of
Service” as of 19 May 1993 together with the “Attachments of Employment
Agreement” are fully and finally settled and waived and that only those claims
exist as laid down in this agreement.

 

(2)  The parties agree that any other possible
service relationship or dependent employment of the Managing Director with the
Company or an affiliate terminates unanimously upon execution of this
agreement. The parties also agree that upon execution of this agreement all
claims of the Managing Director under such possible service relationship or
dependent employment are fully and finally settled and waived and that only
those claims exist as laid down in this agreement.

 

(3)  Amendments to and revisions of this agreement
including this clause must be in writing to be effective. It shall not be
possible for either of the contracting parties to cite an actual exercise
deviating from the agreement for as long as such deviation has not been
recorded in writing.

 

(4)  All declarations of intent by the Managing
Director that affect this agreement shall be addressed to the Shareholders’
Meeting. All of the rights reserved to the Shareholders’ Meeting in this
agreement can

 

10

 

be exercised by an advisory
board, if any.

 

(5) If individual provisions of this
agreement should be or become invalid, this shall not affect the legal validity
of the other provisions of this agreement. 
The Invalid provision shall be replaced by the legally admissible
provision which comes closest to the economic intent of the invalid
provision.  The same applies in the event
of any gaps in the agreement.

 

(6) This agreement has been drafted in both
German and English version.  In case of
discrepancies or contradictions between the two versions the German version
shall prevail.

 

(7) This agreement shall be subject to German
law.

 

(8) Place of fulfillment shall be the
registered office of the Company.

 

 

	
                  ,
  den/this /8/3/ 2004

  
	
  Managing Director

  
	
   

  
	
  /s/Jochen Witte

  	
   

  
	
  Jochen Witte

  

 

11

 

Exhibit 1:
Transactions requiring consent:

 

•              Calling
in payments on share capital and surcharges.

 

•              Consent
to the splitting of share interests.

 

•              Appointment
and dismissal of procurists and authorised agents for the entire business
operation.

 

•              Granting
and termination of any participation in the Company’s profit, especially silent
partner’s interests, participating relationships and bonuses.

 

•              Conclusion
and termination of company premises leases, business management agreements and
company transfer agreements and contracts that may result in a significant
restriction of potential entrepreneurial activities of the Company.

 

•              Disposal
of the Company’s assets as a whole or a significant part of them.

 

•              Founding
and winding up companies or businesses, acquisition and disposal of holdings in
other businesses, the conclusion, modification and termination of partnership
agreements.

 

•              Setting
up, acquisition, closure and disposal of operations, partial operations or
branches.

 

•              Acquisition,
disposal or charging of pieces of land and rights equivalent to pieces of land.

 

•              Disposal
of intellectual proprietary rights.

 

•              Granting
of all company loans.

 

•              Investments
exceeding (individually or in total) €25,000, - as well as investments leading
to the budget being exceeded by more than 10% (individually or in total).

 

•              The
initiation of development projects with a volume of (individually or in total)
more than 0.5% of the turnover.

 

•              Provision
of securities, issue of sureties and guarantees and entering into obligations
arising

 

 

from bills of exchange which
(individually or in total) exceed € 50,000,; except for the usual warranty for
the Company’s products.

 

•              Appointment
and dismissal of employees, if their reimbursement exceeds 1.5 times the
respective contribution of the upper income limit in the pension insurance
fund.

 

•              Consent
to secondary activities of employees, insofar as the requirement for consent
arises from the employment relationship.

 

•              Grant
of retirement payment or pension commitments.

 

•              Entering
into contracts as a result of which the Company incurs expenses or obligations
exceeding (individually or in total)   € 25,000, except for transfer
transactions in the context of the normal course of business.

 

•              Resolutions
concerning issues whose result is comparable to one of the aforementioned
points.

 

•              All
other unusual management actions.

 

•              The
aforementioned actions do not need the required consent insofar as they are
already included in an annual budget adopted without reservation.

 

2

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