Document:

EXHIBIT 10.11

  

    	 	 	 
	
	 	 
	Global
            eXchange Services
	 	 
	Where
            Technology Meets Experience 
	 	Harvey F. Seegers
	 
	 	President & Chief Executive
          Officer
	

	 
	 	100 Edison Park Dr., Gaithersburg,
          MD 20878
	 
	 	PH 301.340.5900 FX 301.340.5902
          • www.gxs.com
	 
	 	Harvey.Seegers@gxs.com

November 4, 2003

Robert B. Patrick

614 S. Fairfax Street

Alexandria, VA 22314

Dear Bobby:

On behalf of the Board of Directors, I am pleased to extend you an offer of
employment with Global eXchange Services (GXS) as a key member of the
leadership team. The employment terms in this letter supersede any other
agreements or promises made to you by anyone, whether verbally or written.

  
Position

You would be joining us as Senior Vice President and Chief Marketing Officer
reporting to me.

  
Cash Compensation

Your starting salary will be $225,000 per year with a target annual bonus of
$150,000 with a minimum guaranteed bonus of $75,000. Additionally, you will be
guaranteed a $25,000 bonus for the remainder of 2003. This would be paid to you
no later than the end of March 2004. Please note that the quotation of a rate
of pay is merely for convenience and does not imply that your employment is for
a year or any fixed period.

  
Stock-Based Compensation

Ownership is a cornerstone principle of GXS’ reward strategy. The Board has
approved for you to receive 568,882 options with an exercise price of $0.50 per
share. Please understand that the actual value that you realize from your
options may vary greatly, based on the performance of GXS. We have designed the
program with the intent to provide significant upside potential if GXS is
successful. All terms contain herein are subject to the provisions of the stock
incentive plan document which is enclosed.

  
Benefits

In additional to your compensation package you will be eligible for employee
benefits (including vacation, medical, dental, vision, accident and disability
insurance, 401(k) plans) in accordance with GXS’s benefit plans.

  
Termination

Depending upon the reason for your employment with GXS ending, you will be
covered by ONE of the following:

(1) Cause or Voluntarily Quit

If your employment terminates because you voluntarily quit or because the
Company terminates you for “cause”, you will not be entitled to any additional
compensation. “Cause” shall include, but not be limited to: willful or
unreasonable neglect of your job duties, committing fraud, misappropriation or
embezzlement; dishonesty; insubordination; being convicted of a felony;
disclosure of confidential information in violation of the company’s written
policies; and willfully or unreasonably engaging in conduct materially
injurious to the Company.

 

(2) Termination Without Cause

If you are terminated without “cause” you would receive, as severance,
continuation of your then current salary and medical benefits for twelve
months and a pro rated portion of your most recent Annual Bonus payment. This
payment would be subject to your signing the Company’s standard termination
agreement, which includes a release for the benefit of GXS and non-competition
and non-solicitation commitments by you for a period of twelve months.

Confidentiality/Integrity

This offer is made in the strictest confidence. You are required to
maintain the confidentiality of the information contained in this offer
and any proprietary information you received from GXS in consideration of
this offer. Failure to comply will result in the offer being summarily
withdrawn.

GXS’ most valuable assets are its worldwide reputation of integrity and high
standards of business conduct. Therefore, among the Company Policies that you
must sign as a condition of employment, are those described in the enclosed
compliance guide. Furthermore, in making this offer of employment, we have no
intention of interfering with any continuing obligation regarding trade secrets
and confidential information that you may have with any prior employer. In this
connection, you will also be required to sign the enclosed “Proprietary
Information and Invention Agreement” as a condition of employment with GXS.

  	 	 	 
	 Other

	 This offer is contingent
          on the following: 

	•	 	Receipt of necessary internal and external approvals, including a background
        check
	•	 	Proof of identification and U.S. work authorization, in accordance with
        the Immigration Reform and Control Act of 1986
	•	 	Drug Screen and Medical Exam

GXS reserves the right to modify any of these terms at any time if it deems
necessary. Further, the benefits and programs offered may be modified, and your
participation in those benefits will be subject to the terms of those plans and
programs. Your employment and benefits will also be subject to GXS’ policies as
promulgated from time-to-time.

Please sign below your acceptance of this offer under the terms described above
and return a copy to Mike Humenik, Senior Vice President, Global Human
Resources.

We look forward to having you as a member of the Senior Executive
leadership team and believe this position will provide you with the kind
of challenge and career growth you are seeking.

Regards,

/s/ Harvey S. Seegers

I accept this offer of employment with Global eXchange Services

    	 	 	 
	/s/ ROBERT
            B. PATRICK 
	 	11/6/03
	

	Robert B.
            Patrick 
	 	Date
	 	 	 
	Cc: M.
            Humenik
	 	 

 

		
Global eXchange Services

	
800-560-4347 t

	
100 Edison Park Drive

	
301-340-4000 t

	
Gaithersburg, MD 20878

	
301-340-5299 f

	  	
www.gxs.com

March 28, 2005

Robert B. Patrick

Senior Vice President and Chief Marketing Officer

GXS

Dear Bobby,

This letter will confirm our conversation in which I advised you that effective January 1, 2005 your annual base salary will be increased to $275,000 and your target bonus subject to the terms and conditions of the GXS Management Bonus Plan will be $135,000. In consideration of the increase in your annual salary, you will no longer have a minimum guaranteed bonus.

In addition, this letter shall amend the Option Agreement under the GXS Holdings, Inc. Stock Incentive Plan, dated November 24, 2004 between you and GXS Holdings, Inc. by adding the following provision:

In the event Optionee is terminated without cause within 12 months following a Change in Control, the portion of the Option granted hereunder that would have become vested and exercisable within the 12-month period following the applicable date of termination shall become fully vested and exercisable on the date of such termination. The vested portion of the Option shall remain exercisable by Optionee for three months following such date of termination.

All other terms and conditions related to your employment (as defined in the letter containing your offer of employment and the above referenced Option Agreement) remain unchanged.

Please indicate your agreement with the terms of this letter by signing below and returning the signed original letter to Bruce Hunter.

 

	 
Sincerely,

GXS Holdings, Inc.

	 
	 	 
	 	 	 	 
	By:	 
/s/ Gary Greenfield

	 
	 	
  Gary Greenfield

	 
	 	
  President & Chief Executive Officer

	 

	
Accepted: 

	
/s/ Robert Patrick

	 	
Date: 

	
3/28/05

	 
	  	
  Robert PatrickEXHIBIT
10.12

      

       

      

       

      November
11, 2008

       

      

       

      George
Schulze

      701 Crown
Meadow Drive

      Great
Falls, VA 22066

       

      Dear
George:

       

      I am
pleased to promote you to the SVP, Global Sales reporting to me. The employment
terms in this letter supersede any other agreements or promises made to you by
anyone, whether verbally or written.

       

      Position

      The
position will be located at our headquarters in Gaithersburg, Maryland, and your
starting date will be November 11, 2008.

       

      Compensation

      Your
starting salary will be $325,000 per year with a target annual bonus of
$200,000. Beginning in 2009, payment of the bonus will be subject to the terms
of the GXS’ Management Bonus Plan, a copy of which is enclosed. Payments will be
paid to you no later than the 15th of
March following the calendar year in which the bonus was earned. Please note
that the quotation of an annual rate of pay is merely for convenience and does
not imply that your employment is for a year or any fixed period.

       

      Stock-Based
Compensation

      Ownership
is a cornerstone principle of GXS’ reward strategy.  The Compensation
Committee of our Board of Directors has approved for you to receive an
additional 225,000 options with an exercise price of $.50 per share. Please
understand that the actual value that you realize from your options may vary
greatly, based on the performance of GXS. We have designed the program with the
intent to provide significant upside potential if GXS is successful. All terms
related to the stock options are subject to the provisions of the GXS Holdings,
Inc. Stock Incentive Plan and the Option Agreement which are
enclosed.

       

      Benefits

      In
addition to your compensation package you will be eligible for employee benefits
(including vacation, medical, dental, vision, accident and disability insurance,
401(k) plans) in accordance with the terms of GXS’ benefit plans, as they may be
modified in GXS’ discretion from time to time.

       

      Management Incentive
Award

      You are
eligible to participate in the GXS Management Incentive Award
Program.  Eligibility, participation and bonus awards shall be
governed by that plan as it may be amended by GXS from time to time. A copy of
the Management Incentive Award Letter is attached for your
signature.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      Non-Competition and
Non-Solicitation

      You will
acquire detailed knowledge of the GXS business and have access to proprietary,
confidential business information of GXS, such that your subsequent use of such
information and/or employment with a competitor of GXS could cause serious and
irreparable competitive harm to GXS. Therefore, in consideration of your
employment with GXS, and as a condition of that employment, you agree that for a
period of twelve (12) months immediately following the termination of your
employment with GXS (regardless of the reason for the termination) you will not,
without the prior written consent of GXS Vice President of Human
Resources;

       

      (i)
directly or indirectly, either as owner, principal, officer, agent, director,
employee, consultant, or independent contractor, within any geographic region in
which GXS conducts business, provide services to Sterling Commerce, Inovis, or
EasyLink Services in connection with any business or other enterprise relating
to software tools, solutions, or services used to conduct electronic commerce
among companies, in a manner which may compete against any products or services
offered or sold by GXS.

       

      (ii)
divert or otherwise take away any customer of GXS with which you had contact
during the twelve (12) months prior to the termination of your employment with
GXS.

       

      (iii)
directly or indirectly solicit, induce, or encourage any person who is an
employee of GXS to terminate his/her relationship with GXS, or directly or
indirectly hire or cause to be hired any person who is an employee of
GXS.

       

      Termination

      Depending
upon the reason for your employment with GXS ending, you will be covered by one
of the following:

       

      (1) Cause
or Voluntarily Quit

       

      If your
employment terminates because you voluntarily quit or because GXS terminates you
for “cause”, you will not be entitled to any additional compensation. “Cause”
means willful or unreasonable neglect of your job duties, committing fraud,
misappropriation or embezzlement; dishonesty; being convicted of a felony;
willful unauthorized disclosure of GXS confidential information; and willfully
or unreasonably engaging in conduct materially injurious to GXS.

       

      (2)
Termination Without Cause

       

      If you
are terminated without “cause” you will receive, as severance, continuation of
your then current salary and medical benefits for nine months and a pro-rata
portion (nine months) of your most recent annual bonus payment. For 2009, the
pro-rata portion will be based on your annual bonus target. This payment will be
subject to your signing GXS’ standard termination agreement, which will include
a complete release for the benefit of GXS.

       

      In the
event of a Change of Control (as defined in the GXS Holdings, Inc. Stock
Incentive Plan) and you are not offered a position comparable to your position
as Senior Vice President, Global Sales for GXS following the Change in Control
and you terminate your employment with GXS, or its successor, as a result then
such termination will be deemed to be a Termination Without Cause.

       

      In the
event you are terminated without “Cause” within 12 months following a Change of
Control (as such terms are defined in GXS Holdings, Inc. Stock Incentive Plan),
the portion of the options granted to you under the Corporation’s Stock
Incentive Plan pursuant to this letter that would have become vested and
exercisable within the 12-month period following the date of termination would
become fully vested and exercisable on the date of termination. The vested
portion of such

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

         

      

      options
would remain fully exercisable by you for three months following the date of
termination of your employment.

       

      In the
event of any termination of your employment, you will be required to reimburse
GXS for any outstanding monies owed to GXS that have not been repaid by the time
employment is terminated. Acceptance of this letter will be your authorization
to permit GXS, to the extent permitted by law, to deduct and offset any
payments, including payment for salary, bonus, expenses, or vacation pay,
otherwise owed to you upon termination of employment.

       

      Compliance with Section
409A

      To the
extent that Section 409A of the Internal Revenue Code (“Code’’) applies to any
payment or election required under this letter, such payment or election shall
be made in conformance with the provisions of Section 409A of the Code. Certain
provisions of this Agreement are intended to constitute a separation pay
arrangement that does not provide for the deferral of compensation subject to
Section 409A of the Code and, if any such provision is subject to more than one
interpretation or construction, such ambiguity shall be resolved in favor of
that interpretation or construction which is consistent with such provisions not
being subject to the provisions of Section 409A. The remaining provisions of
this Agreement are intended to comply with the provisions of Section 409A of the
Code (to the extent applicable) and, to the extent that Section 409A applies to
any provision of this Agreement and such provision is subject to more than one
interpretation or construction, such ambiguity shall be resolved in favor of
that interpretation or construction which is consistent with the provision
complying with the applicable provisions of Section 409 A of the Code
(including, but not limited to the requirement that any payment made on account
of your separation from service (within the meaning of Section 409A(a)(2)(A)(i)
of the Code and the regulations issued thereunder) (“Separation from Service”),
shall not, if you are a Specified Employee (within the meaning of Section
409A(a)(2)(B)(i) of the Code and the regulations issued thereunder), be made
earlier than the first business day of the seventh month following your
Separation from Service, or if earlier the date of your death). Any payment that
is delayed in accordance with the foregoing sentence shall be made on the first
business day following the expiration of such six (6) month period.

       

      Confidentiality/Integrity

      This
offer is made in the strictest confidence.  You are required to
maintain the confidentiality of the information contained in this offer and any
proprietary information you received from GXS in consideration of this offer.
Failure to comply will result in the offer being summarily
withdrawn.

       

      GXS’ most
valuable asset is its worldwide reputation for integrity and high standards of
business conduct. Accordingly, please review the Code of Conduct and policies
included within the enclosed Compliance Guide, and complete the acknowledgement
to reaffirm your personal commitment to comply with these code and policies.
Additionally, please sign the enclosed “Proprietary Information and Inventions
Agreement”.

       

      Dispute
Resolution

      I also
want to remind you that agreed to be bound by all the terms and conditions of
the GXS Dispute Resolution Program on February 22, 2005 and that you continue to
be bound by these terms and conditions. Notwithstanding any term of the Dispute
Resolution Program to the contrary, you agree that the substantive law of
Maryland (and the federal judicial circuit with jurisdiction over Maryland)
shall apply to all claims under the Dispute Resolution Program. A copy of the
“Agreement to Resolve Employee Claims under the GXS Employee Dispute Resolution
Program” is attached for you to sign.

       

      Please
sign below to indicate your acceptance of this offer and return to Ann Addison,
VP of Human Resources.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

         

      

      I look
forward to having you as a member of the Senior Executive leadership team and
believe this position will provide you with the kind of challenge and career
growth you are seeking.

       

      

       

      Sincerely,

       

      /s/ Bob
Segert

      Bob Segert

      Chief
Executive Officer

       

      I accept
this offer of employment with GXS and agree to all the terms stated or referred
to in this letter.

       

      
        	/s/
      George Schulze	11/11/08
	
                Name

              	
                Date

              

      

       

      cc: Ann
Addison

       

      4

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