Document:

Exhibit 10.11(C)

 

Exhibit 10.11(c)

LANVISION SYSTEMS, INC.

First Amendment to Lease and Acceptance of Delivery to the Lease for office space between
LanVision, Inc. (a wholly owned subsidiary) and The Western and Southern Life Insurance Company,
effective January 31, 2005.

FIRST AMENDMENT TO LEASE AND

ACCEPTANCE OF DELIVERY

This FIRST AMENDMENT TO LEASE AND ACCEPTANCE OF DELIVERY (the “First Amendment”) is made effective
as of January 31, 2005 and is by and between The Western and Southern Life Insurance Company
(“Landlord”), whose address is 400 Broadway, Cincinnati, Ohio, 45202 and LanVision, Inc.,
(“Tenant”), whose address is 10200 Alliance Road, Cincinnati, Ohio, 45242.

WITNESSETH:

      WHEREAS, Landlord and Tenant executed a certain lease agreement (the “Lease”) dated July 30,
2004; and

      WHEREAS, the Lease provides that the Lease shall commence on the date that Landlord delivers
possession of the Premises (as defined in the Lease) to Tenant; and

      WHEREAS, Landlord and Tenant now desire to (i) amend the Lease as described below and (ii)
state Tenant’s acceptance of delivery of the Premises pursuant to Section 6C of the Lease.

      NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and
other valuable consideration, Landlord and Tenant agree as follows:

1. The Lease Commencement Date shall be February 1, 2005 and the Lease termination date shall be
July 31, 2010.

2. Tenant hereby acknowledges and accepts delivery of the Premises pursuant to Section 6C of the
Lease and reaffirms the provisions of same Section 6C as if fully rewritten herein.

3. The first paragraph of Article 3A of the Lease shall be deleted in its entirety and replaced
with the following:

      “A. Base Rent. Tenant agrees to pay Landlord Base Rent (“Base Rent”) for the
Premises, without demand, deduction or set off, for the entire Term in monthly installments as
follows:

 

 

	 	 	 	 	 
	Time Period	 	Monthly Installment	 
	February 1, 2005 through March 31, 2005
	 	$	13,486.36	 
	April 30, 2005 through September 30, 2005
	 	$	0.00	 
	October 1, 2005 through January 31, 2007
	 	$	13,486.36	 
	February 1, 2007 through January 31, 2009
	 	$	15,296.61	 
	February 1, 2009 through July 31, 2010
	 	$	17,106.86.”	 

4. The first sentence of Article 4B shall be deleted in its entirety and replaced with the
following: “For the purposes of calculating Tenant’s Proportionate Share for the first year of the
Lease Term, Landlord has established that the Additional Rent to be paid by Tenant shall be $5.75
per square foot; provided, however, notwithstanding the foregoing, no Additional Rent shall be paid
by Tenant for the period beginning April 1, 2005 and ending on September 30, 2005.”

      IN WITNESS WHEREOF, Landlord and Tenant have caused this First Amendment to Lease and
Acceptance of Delivery to be executed as of the 31st day of January, 2005 and to be
effective as of the date first written above.

	 	 	 	 	 	 	 
	LANDLORD: The Western and Southern Life
Insurance Company
	 	TENANT: LanVision, Inc.
	 	 	 	 	 	 	 
	By

	 	/s/ MARIO SAN MARCO
	 	By
	 	/s/ PAUL W. BRIDGE, JR
	

	 	 
	 	 	 	 
	

	 	Mario San Marco
	 	 	 	Paul W. Bridge, Jr.
	

	 	Its Vice President
	 	 	 	Its Chief Financial Officer
	 
	 	 	 	 	 	 
	By

	 	/s/ JONATHAN D. NIEMEYER	 	 	 	 
	

	 	 	 	 	 	 
	

	 	Jonathan D. Niemeyer	 	 	 	 
	

	 	Its Vice President	 	 	 	 

 

 

	 	 	 	 	 
	STATE OF OHIO

	 	)	 	 
	

	 	) ss:	 	 	 
	COUNTY OF HAMILTON

	 	)	 	 

      On this, the 3 RD day of March, 2005, before me, a Notary Public, the undersigned officers,
personally appeared Mario San Marco and Jonathan D. Niemeyer, who acknowledged themselves to be
vice presidents of The Western and Southern Life Insurance Company, an Ohio corporation, and
that they, as such officers, being authorized to do so, executed the foregoing instrument for
the purposes therein contained by signing on behalf of said corporation as such officers.

      IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	 	 	 
	

	 	/s/ DAVID C. MCCHESNEY
	

	 	Notary Public
	My commission expires: November 3, 2005
	 	 
	

	 	DAVID C. MCCHESNEY
	

	 	Print Name
	SEAL
	 	 
	 
	 	 
	

	 	 
	

	 	County of Residence

	 	 	 	 	 
	STATE OF Ohio

	 	)	 	 
	

	 	) ss:	 	 
	COUNTY OF Hamilton

	 	)	 	 

      On this, the 8 th day of February, 2005, before me, a Notary Public, the undersigned
officer, personally appeared Paul W. Bridge, Jr., who acknowledged himself to be the Chief
Financial Officer of LanVision, Inc., an Ohio corporation, and that he, as such officer,
being authorized to do so, executed the foregoing instrument for the purposes therein
contained by signing on behalf of said corporation as such officer.

      IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	 	 	 
	

	 	/S/ MELISA VINCENT
	

	 	Notary Public
	My commission expires: June 8, 2009
	 	 
	

	 	MELISSA VINCENT
	

	 	Print Name
	SEAL
	 	 
	

	 	BUTLER
	

	 	County of ResidenceExhibit 10.14

 

Exhibit 10.14

LANVISION SYSTEMS, INC

Schedule of Directors Compensation

The Company currently pays the Independent Directors’ fees of (i) $1,000 for each regularly
scheduled Board meeting attended, and (ii) $1,000 per day for each special meeting or committee
meeting attended on days when there are no Board meetings. Mr. Patsy is an officer of the Company
and is not separately compensated as a director of the Company.March 3, 2005

S. Joseph Tarnowski, PhD
404 High Street
Stirling, New Jersey  07980

Dear Joe:

This letter sets forth the terms of your continued employment with ImClone
Systems Incorporated ("the Company"). Reference is made to the Company's Senior
Executive Severance Plan (such plan, or any successor thereto, the "Severance
Plan") and the Company's Change-In-Control Plan (such plan, or any successor
thereto, the "CiC Plan").

Title/Location:   You will continue to serve as Senior Vice President --
                  Manufacturing Operations and Product Development of the
                  Company, and you will be based out of the Company's offices in
                  Branchburg, New Jersey, subject to business travel as directed
                  by the Company.

Compensation/
Benefits:         The Company will pay you a base salary in accordance with the
                  Company's customary payroll practices.  Subject to the sole
                  discretion of the Company's Compensation Committee, you will
                  remain eligible for both (i) a cash bonus under the Company's
                  annual incentive plan and (ii) equity grants under the
                  Company's equity compensation plan.  You will continue to
                  receive the benefits normally provided by the Company to its
                  senior vice presidents, including without limitation,
                  eligibility to participate in the Severance Plan and the CiC
                  Plan.

Employment:       You will be an at-will employee of the Company effective as of
                  September 20, 2004.  Your employment can be terminated at any
                  time by the Company.  You may terminate your employment at any
                  time, provided that you give the Company at least 60 days'
                  written notice of your intent to terminate such employment.
                  You confirm that the employment agreement between you and the
                  Company dated as of September 19, 2001 (the "Previous
                  Agreement") is hereby terminated and void in all respects and
                  you release and waive all claims, rights and privileges
                  arising under or with respect to the Previous Agreement.

<PAGE>

Severance/
Change-In
Control:          You will be eligible for payments and benefits under
                  the Severance Plan and the CiC Plan as per such Plans' terms.

Good Reason
Termination:      If within thirty (30) days of the occurrence of an event
                  constituting "Good Reason" (as defined in Section 2.15(1)-(3)
                  of the CiC Plan, but excluding such event to the extent that
                  it applies across the board to the class of executives of
                  which you are part), and the failure of the Company to cure
                  such event within thirty days after notice from you (the "Cure
                  Period"), you will be able to terminate your employment with
                  the Company and receive the payments described in Sections 6.1
                  and 6.2 of the CiC Plan, regardless of whether or not such
                  event occurred after a Change-in-Control Date (as defined in
                  the CiC Plan); provided that you terminate your employment for
                  Good Reason within ten (10) days following the expiration of
                  the Cure Period.

Covenants:        The confidentiality, non-competition and non-solicitation
                  provisions contained in the CiC Plan (and other applicable
                  Company policies) shall apply to you in all events as per
                  their terms (but in any case shall also apply to you in the
                  event of your termination under this Agreement for Good
                  Reason) and regardless of the reason for your termination of
                  employment.

Indemnification:  The Company agrees to indemnify you in accordance with Company
                  policy regarding indemnification of senior executives.

Notice:           Communications relating to this Agreement shall be in writing
                  and shall be deemed to have been duly given when delivered
                  either personally or by United States certified mail, return
                  receipt requested, addressed as follows (or if different, to
                  the most recent address listed on Company records):

                  If to you:
                  S. Joseph Tarnowski, PhD
                  404 High Street
                  Stirling, New Jersey  07980

                  If to the Company:
                  ImClone Systems Incorporated
                  180 Varick Street
                  New York, New York  10014
                  Attention:  Chief Executive Officer

<PAGE>

Miscellaneous:    This Agreement, except for the documents explicitly referenced
                  herein, shall represent the entire agreement between the
                  parties with respect to the subject matters herein.  Any
                  rights and obligations you may have as a result of this
                  Agreement may not be transferred, except that any amounts
                  constituting earned but unpaid base salary as of the time of
                  your death may be paid to your estate.  This Agreement shall
                  be governed by the laws of the State of New York without
                  regard to its conflicts of law principles.  This Agreement may
                  be executed in one or more counterparts, each of which shall
                  be deemed to be an original but all of which together will
                  constitute one and the same instrument.  This amendment may be
                  amended only by a written instrument signed by the parties
                  hereto.

Kindly acknowledge the terms above by signing below and returning this form to
me.

Sincerely,

Daniel S. Lynch
Chief Executive Officer

ACCEPTED AND ACKNOWLEDGED:

/S/ S. JOSEPH TARNOWSKI
-----------------------------------
S. Joseph Tarnowski, PhD

April 5, 2005
-----------------------------------
Date

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