Document:

Exhibit 10.34

 

Addendum

To

Employment Agreement

 

This Addendum is effective October 4,
2004 (“Addendum”) and modifies the Employment Agreement (“Agreement”) entered
into effective June 2, 2005 between Lawson Software, Inc., a Delaware
corporation (“Company”) and Harry Debes (“Employee”), pursuant to Section 7.7
of the Agreement.  Capitalized terms not
otherwise defined in this Addendum have the same respective meaning as defined
in the Agreement.  The sections of the
Agreement that are not expressly modified by this Addendum shall remain in
effect pursuant to their terms.

 

Section 3.7 of the Agreement is replaced in its
entirety with the following new Section 3.7:

 

3.7           Relocation
Expenses.  Company shall reimburse Employee for
reasonable and customary relocation expenses, including, but not limited to,
temporary housing in the St. Paul/Minneapolis area until sixty days following
the closing of the Lawson/Intentia Transaction. 
The Company shall pay associated closing costs upon the purchase by
Employee of a residence in St. Paul/Minneapolis.  If the Employee sells his residence in Denver
on or before December 31, 2006, the Company shall pay real estate
commissions and closing costs associated with Employee’s sale of existing
residence.  The Company shall pay the
costs of packing, loading, transporting, storing (as required) and unloading of
Employee’s existing personal property from present residence to new
residence.  If Employee has purchased a
new residence in the St. Paul/Minneapolis area (the “St. Paul/Minneapolis
Residence”) but has not sold his Denver residence and the Company terminates
Employee’s employment on or before December 31, 2006, then the following
shall apply:  (i) Employee shall use
reasonable efforts to promptly sell Employee’s St. Paul/Minneapolis Residence
and (ii) if the net sales proceeds (less selling and closing costs) of the
St. Paul/Minneapolis Residence are less than Employee’s purchase price paid for
that residence (a “Loss”), the Company shall promptly reimburse Employee for
the amount of that Loss.  The Company’s
obligation under this Section shall not exceed $150,000.00.  Such reimbursements shall be made by Company
on a timely basis upon submission by Employee of receipts evidencing such
expenses.

 

IN WITNESS WHEREOF,
the parties hereto have executed this Addendum as of the date first above
written.

 

	
   

  	
  Lawson
  Software, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
     /s/
  H. Richard Lawson

  	
   

  
	
   

  	
   

  	
     H.
  Richard Lawson,

  
	
   

  	
   

  	
     Chairman

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
     /s/
  Harry Debes

  	
   

  
	
   

  	
   

  	
  Harry Debes

  
	
   

  	
   

  

 

1Exhibit 10.22

 

AAR CORP.

Performance Restricted Stock Agreement

(“Agreement”)

 

Subject
to the provisions of the AAR CORP. Stock Benefit Plan (“Plan”), the terms of
which are hereby incorporated by reference herein, and in consideration of the
agreements of the Grantee herein provided, AAR CORP. a Delaware corporation (“Company”),
hereby grants to «Name» (“Grantee”), a
performance restricted stock award (“Award”), effective «EffDate» (“Date of Award”), of «Shares»
shares of common stock (“Common Stock”) of the Company, $1.00 par value (“Award
Shares”), subject to the forfeiture and nontransferability provisions hereof
and the other terms and conditions set forth herein:

 

1.                                       Restrictions.  The Grantee represents that he is accepting
the Award Shares without a view toward distribution of said Shares and that he
will not sell, assign, transfer, pledge or otherwise encumber the Award Shares
during the period commencing on the Date of Award and ending with respect to
any specific shares of stock on the date restrictions applicable to such shares
are released pursuant to this Agreement (“Restrictive Period”).

 

2.                                       Release
of Restrictions.  Subject to the
provisions of paragraph 3 below, the restrictions described in 1 above shall be
released with respect to 20% of the award on July 15, 2006, 40% of the
award on July 15, 2008 and 40% of the award on July 15, 2010, except
as follows:

 

(a)                                  If
the Grantee’s employment with the Company terminates by reason of death or
Disability occurring on or after the Date of Award and on or before

 

 

the third anniversary
date thereof, the Restrictive Period shall terminate as to the difference
between half the total number of Award Shares and those Shares previously
released.  The remaining shares shall be
forfeited and returned to the Company.

 

(b)                                 If
the Grantee’s employment with the Company is terminated by reason of death or
Disability after the third anniversary of the Date of Award, the Restrictive
Period shall immediately terminate as to all of the Award Shares not previously
released.

 

(c)                                  If
the Grantee’s employment is terminated by reason of Retirement prior to the
last day of the Restrictive Period, the Restrictive Period shall terminate in
accordance with the restriction release schedule set forth above as to the
Award Shares not previously released.

 

(d)                                 If
the Grantee’s employment with the Company terminates prior to the last day of
the Restrictive Period for any reason other than death, Disability or
Retirement, the Grantee shall forfeit and return to the Company all Award Shares
not previously released from the restrictions of Section 1 hereof.

 

(e)                                  If
at any time prior to release from restrictions hereunder, Grantee, without the
Company’s express written consent, directly or indirectly, alone or as a member
of a partnership, group, or joint venture or as an employee, officer, director,
or stockholder of any corporation, or in any capacity engages in any activity
which is competitive with any of the businesses conducted by the Company or its
Affiliated Companies from time to time or at any time during the Grantee’s term
of employment, the Grantee shall forfeit and return all Award Shares not
previously released from the restrictions of Section 1 hereof.

 

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3.                                       Change
in Control.  In the event of a Change
in Control of the Company, whether or not such change has the prior written
approval of the Continuing Directors, the Restrictive Period shall terminate as
to all Award Shares not previously released.

 

4.                                       Change
in Outstanding Shares.  In the event
of any change in the outstanding shares of Common Stock by reason of any stock
dividend or split, recapitalization, merger, consolidation, combination or
exchange of shares or other similar corporate change, the Award Shares shall be
treated in the same manner in any such transaction as other shares of Common
Stock.  Any additional shares of stock
received by Grantee with respect to the Award Shares in any such transaction
shall be subject to the same restrictions as are then applicable to those Award
Shares for which the additional shares have been issued.

 

5.                                       Rights
of Grantee.  As the holder of the
Award Shares, Grantee is entitled to all of the rights of a stockholder of AAR
CORP. with respect to any of the Award Shares, when issued, including, but not
limited to, the right to receive dividends declared and payable since the Date
of Award.

 

6.                                       Certificates.  In aid of the restrictions set forth in
paragraph 1, certificates for the Award Shares, together with a suitably
executed stock power signed by the Grantee, shall be held by a nominee of the
Company for the account of Grantee until such restrictions lapse pursuant to
the terms hereof, or such Shares are forfeited to the

 

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nominee of the Company as
provided by the Plan or this Agreement. 
The Grantee shall be entitled to possession of certificates representing
the Award Shares as to which such restrictions have terminated, and the Company
agrees to issue such separate certificates as are necessary to facilitate such
possession.

 

7.                                       Legend.  The Company may, in its discretion, place a
legend or legends on any certificate representing Award Shares issued to the
Grantee that the Company believes is required to comply with any law or regulation.

 

8.                                       Committee
Powers.  The Committee may subject
the Award Shares to such conditions, limitations or restrictions as the
Committee determines to be necessary or desirable to comply with any law or
regulation or with the requirements of any securities exchange.  At any time during the Restrictive Period,
the Committee may reduce or terminate the Restrictive Period otherwise
applicable to all or any portion of the Award Shares.

 

9.                                       Withholding
Taxes.  Upon the Taxable Date of the
Award, the Grantee shall remit to the Company an amount necessary to satisfy
applicable withholding requirements including those arising under state and
federal income tax laws prior to the delivery by the Company of any certificate
or certificates for shares.  If the
Grantee does not remit such amount, the Company may withhold all or a portion
of any compensation then or in the future owed to the Grantee as necessary to
satisfy such requirements.

 

4

 

The
Grantee may satisfy such withholding requirements in connection with such Award
in whole or in part by (i) directing the Company to withhold a portion of
the shares otherwise distributable to the Grantee or (ii) transferring to
the Company shares of Common Stock of the Company previously acquired by the
Grantee having a Fair Market Value on the date such shares are transferred to
the Company equal to the amount of such withholding or lesser portion thereof
as may be desired by the Grantee. A Grantee’s election pursuant to the preceding
sentence must be made on or prior to the date as of which income is realized by
the Grantee in connection with such Award and must be irrevocable.  In lieu of a separate election on each
Taxable Date, the Grantee may file a blanket election with the Committee which
shall govern all future Taxable Dates until revoked by the Grantee.

 

10.                                 Postponement
of Exercise or Distribution. 
Notwithstanding anything herein to the contrary, the distribution of any
portion of the Award Shares shall be subject to action by the Board taken at
any time in its sole discretion (i) to effect, amend or maintain any
necessary registration of the Plan or the Award Shares distributable in
satisfaction of this Award under the Securities Act of 1933, as amended, or the
securities laws of any applicable jurisdiction, (ii) to permit any action
to be taken in order to (a) list such Award Shares on a stock exchange if
the Common Stock is then listed on such exchange or (b) comply with
restrictions or regulations incident to the maintenance of a public market for
its Shares of Common Stock, including any rules or regulations of any
stock exchange on which the Award Shares are listed, or (iii) to determine
that such Award Shares and the Plan are exempt from such registration or

 

5

 

that no action of the
kind referred to in (ii)(b) above needs to be taken; and the Company shall
not be obligated by virtue of any terms and conditions of this Award or any
provision of this Agreement or the Plan to issue or release the Award Shares in
violation of the Securities Act of 1933 or the law of any government having
jurisdiction thereof.  Any such
postponement shall not shorten the term of any restriction attached to the
Award Shares and neither the Company nor its directors or officers shall have
any obligation or liability to the Grantee or to any other person as to which
issuance under the Award Shares was delayed.

 

11.                                 Miscellaneous.

 

(a)                                  This
Agreement shall be continued, administered and governed in all respects under
and by the laws of the State of Illinois.

 

(b)                                 Capitalized
terms used herein and not defined herein will have the meaning set forth in the
Plan.

 

(c)                                  This
Agreement has been examined by the parties hereto, and accordingly the rule of
construction that ambiguities be construed against a party which causes a
document to be drafted shall have no application in the construction or
interpretation hereof.  If any part of
this Agreement is held invalid for any reason, the remainder hereof shall
nevertheless remain in full force and effect.

 

(d)                                 This
Agreement constitutes the entire agreement between the parties concerning the
subject matter hereof and any prior understanding or representation of any kind
antedating this Agreement concerning such subject matter shall not be binding
upon either party except to the extent incorporated herein.  No consent, waiver,

 

6

 

modification or amendment
hereof, or additional obligation assumed by either party in connection
herewith, shall be binding unless evidenced by a writing signed by both parties
and referring specifically hereto.  No
consent, waiver, modification or amendment with respect hereto shall be
construed as applicable to any past or future events other than the one in
respect of which it was specifically made.

 

(e)                                  This
Agreement shall be construed consistent with the provisions of the Plan and in
the event of any conflict between the terms of this Agreement and the terms of
the Plan, the terms of the Plan shall control and any terms of this Agreement
which conflict with Plan terms shall be void.

 

IN
WITNESS WHEREOF, the Company has caused this Award to be granted as of the Date
of Award.

 

	
   

  	
  AAR CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Howard A.
  Pulsifer, Vice President

  
					

 

The Grantee hereby
accepts the foregoing Restricted Stock Award and agrees to the terms and
conditions thereof on this        day
of                          ,
2005.

 

 

Grantee

 

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