Document:

EXHIBIT 4.8
 

 

June 28, 2005

 

Mr. Alain de Pouzilhac

 

Dear Alain,

 

You have delivered a letter to Euro RSCG New York, Inc. (formerly known as Messner Vetere Berger McNamee Schmetterer Euro RSCG Inc.) (“Company”) indicating your desire to resign as Vice Chairman of the Company for “Good Reason” as such term defined in Section 7 of the Amended and Restated Employment Agreement dated as of January 1, 2002 between the Company and you.

 

The Company believes it is in its best interest for you to continue to provide services to the Company through December 31, 2005 and accordingly, desires to make the following offer to you. 

 

The Company hereby agrees to employ you for the period from July 1, 2005 through December 31, 2005 (the “Employment Period”). During the Employment, you will serve as a senior advisor to the Company performing, upon reasonable notice, such services for the Company, as may be requested by the Chief Executive Officer (“CEO”) or other officer of the Company as are generally commensurate with your position, years of experience and level of skill, provided, however, that you shall not be required to devote more than the equivalent of ten (10) full business days during any calendar quarter to the performance of such services. It is mutually understood and agreed that the services to be requested are contemplated to include advice and
assistance on strategic and business development matters, maintaining and improving client, personnel and vendor relationships, public and investor relations, and, subject to agreement by you, which shall not be unreasonably withheld, such other like or similar services as may be requested from time to time. 

 

As full compensation for your employment as a senior advisor, and all services performed during the Employment Period, the Company shall pay you the sum of ten thousand dollars ($10,000) per month for a total amount of sixty thousand dollars ($60,000.00), less tax withholding and other deductions required by law, in accordance with the Company’s regular payroll practices. The sixty thousand dollars ($60,000) payable for your services will be deducted from the lump sum amount of one million eight hundred dollars ($1,800,000) to be paid to you by the Company within 30 days. 

 

Please indicate your acceptance of and agreement to the foregoing by signing in the space provided below.

 

	
            Sincerely,
 

 

	
            Euro RSCG New York, Inc.
 

 

	
            BY: _________________________
 

Accepted and Agreed

 

_____________________________

Alain de PouzilhacEXHIBIT 4.9

 

THIS IS AN ENGLISH TRANSLATION OF THE ORIGINAL FRENCH DOCUMENT.

 

Non-Competition Agreement of Mr. Alain de Pouzilhac

 

Mr. de Pouzilhac confirms his irrevocable acceptance of this non-competition agreement, pursuant to the following conditions: 

 

	
            1.1
 	
            Mr. de Pouzilhac shall not, for a period of 36 months from June 23, 2005:
 

 

	
            –
 	
            solicit or work on Havas Group accounts, directly or indirectly, for payment or free of charge, either on his own behalf or on behalf of any employer or third party; 
 

 

“Accounts” of the Havas Group shall include:

 

(a) all accounts which, in the course of the 12 months preceding June 23, 2005, were worked on by Havas SA or any of the companies within the Havas Group, or which were actively solicited by one or more of these companies;

 

(b) all accounts relating to advertising or the offer of services, which were sold under any of the trademarks or brand names used in the accounts defined in paragraph (a) above.

 

	
            –
 	
            solicit or hire away any person who is in a management-level position of the Havas Group at June 23, 2005 or who was in a management-level position during the six months preceding June 23, 2005. 
 

 

	
            1.2
 	
            However, for the avoidance of doubt, the present non-competition covenant shall not prevent Mr. de Pouzilhac from occupying the position of director or member of the supervisory board of a client company of the Havas Group. Mr. de Pouzilhac agrees, however, to maintain absolute neutrality in performing his duties at such client company and to abstain from all intervention in such company’s choice of communications agency, with respect to the accounts addressed above.
 

 

	
            1.3
 	
            This non-competition agreement is valid for the territory of the Member States of the European Union as of the date of signature hereof and the territory of Switzerland. 
 

 

	
            1.4
 	
            In consideration for the execution of the present non-competition agreement, Havas SA will pay Mr. de Pouzilhac during the above-referenced 36-month period, with the first payment to occur on July 31, 2005, a gross quarterly payment equal to half of the quarterly average of the gross fixed and variable compensation owed to Mr. de Pouzilhac by all of the Havas Group companies--excluding the compensation paid by Euro RSCG New York, Inc.--for the last calendar year.
 

 

 

	
            1.5
 	
            This agreement may not be terminated or modified except on the mutual written agreement of Havas SA and of Mr. de Pouzilhac.
 

 

 

Signed in Suresnes on June 28, 2005:

In two original copies

 

 

 

 

 

	
            _______________________
 	
            _____________________________
 
	
             
	
            For Havas S.A*
 	
            Mr. Alain de Pouzilhac*
 	
             

	
             
	
            Mr. Richard Colker
 	
             

	
             
	
            Chairman and CEO
 	
             

									

 

 

 

	
             
 	
            2EXHIBIT 4.10
	 
	THIS IS AN ENGLISH TRANSLATION OF THE ORIGINAL FRENCH DOCUMENT.
	  
	AMENDMENT TO MR. JACQUES HERAIL’S INDEFINITE-TERM EMPLOYMENT CONTRACT
	 
	BY AND BETWEEN:
	 
	HAVAS, a French corporation (Société Anonyme), located at 2 allée de Longchamp (92150) Suresnes, registered with the Nanterre Trade and Companies Registry, under number
B 335 480 265, duly represented by Mr. Alain de Pouzilhac, in his capacity as CEO (“Président”),

	 
	(hereinafter the “Company”)

PARTY OF THE FIRST PART,

AND

	 
	Mr. Jacques Hérail, a French national, residing at 4, Avenue du Coteau – Vaucresson (92420), 
	 
	PARTY OF THE SECOND PART.
	 
	WHEREAS:
	 
	Mr. Jacques Hérail was hired on January 8 1991,, as Assistant Managing Director (Directeur Général Adjoint), by EUROCOM whose interests have been succeeded to by the Company. At that time, he was granted seniority going back to September 17 1, 1984. 

This employment contract has been amended as follows :

	 
	 	•	Amendment dated February 13, 1996 regarding articles 1 and 2,
	 	 	 
	 	•	Amendment dated October 29,1997 regarding articles 12,
	 	 	 
	 	•	Amendment dated June 10, 2002 regarding article 2.
	 
	Under Article 8 of his employment contract, Mr. Jacques Hérail is bound by a non-compete obligation, for no consideration, upon his effective departure from the Company. In order to bring the employment contract into compliance with the new case law of the Cour de cassation (France’s highest appellate court), the Company suggested to Mr. Jacques Hérail by letter dated January 18, 2005, which was submitted to him in person, that Article 8 of his employment contract be amended so as to provide for the payment of consideration in exchange for his non-compete obligation. 

	

1

	WHEREFORE IT HAS BEEN AGREED AS FOLLOWS:

Articles 8 13 shall be amended as follows while the other provisions of Mr. Jacques Hérail’s employment contract shall remain unchanged. 

ARTICLE 8 – NO-COMPETITION

Article 8 shall now read as follows. The amendments are in bold. 

	 	“Mr. Jacques Hérail agrees
	 	 
	 	for so long as he works for the HAVAS Group – defined as the Company and the companies in which it owns or shall own at least 33% of the share capital either directly or indirectly – and 

for 24 months after he actually resigns for any reason whatsoever, not to look for customers or compete for HAVAS Group accounts, either directly or indirectly, for valuable consideration or free of charge, either on his own behalf or on behalf of any employer or third party whatsoever. 

Shall be considered as HAVAS Group accounts,:all of the accounts that have been handled by the Company or any of the Group’s companies whatsoever or for which customers have been actively been sought by one or more of the companies belonging to the Group during the 12 months prior to the serving of notice of the termination of the employment contract by one party to the other. 

This prohibition shall apply to all of French territory.

During this 24-month no-competition period, the Company shall pay Mr. Jacques Hérail gross monthly compensation equal to half the average fixed and variable compensation owed by all the companies of the HAVAS Group for the last calendar year on which his employment contract terminates. 

Notwithstanding the above, the Company shall retain the right to release Mr. Jacques Hérail from said no-competition obligation at any time during the performance of the contract by notifying Mr. Jacques Hérail by certified mail, return receipt requested, postmarked no later than 21 days after the notification of termination of the employment contract by either party. Mr. Jacques Hérail shall not receive the above-mentioned special no-competition compensation if he is released from the aforementioned obligation.”

	 	 
	Executed in Suresnes, on this 19th day of January 2005.

In two identical counterparts, including one submitted to the employee,
	 	 

	The Company	Mr. Jacques Hérail

	

2EXHIBIT 4.12

AMENDMENT TO

EMPLOYMENT AGREEMENT

                 This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is made as of the 13th day of
April, 2005, by and between Arnold Worldwide Partners, LLC, a Delaware limited liability company
(the “Company”), and Edward Eskandarian (the “Executive”).

                WHEREAS,
the Executive entered into an employment agreement, dated as of February 1, 2003 (the “Original
Employment Agreement”), with the Company, pursuant to which the Company employed the Executive
as Chief Executive Officer;

                WHEREAS,
the Company and the Executive desire to amend the Original Employment Agreement as set forth herein;

                NOW
THEREFORE, in consideration of the mutual premises and covenants contained in this Amendment and
for other good and valuable consideration, the parties agree as follows:

1.             Section 1. Section 1 of the Original Employment Agreement is amended as follows:

	 

	 	1.1           Section 1(a), First Sentence. The first sentence of Section 1(a) is amended by deleting the phrase “ending on the second anniversary
  of the date hereof” appearing therein and inserting in its place the phrase “ending February
  1, 2007”.

		 
	 	1.2           Section 1(a), Last Sentence. Section 1(a) is further amended by adding the following sentences immediately after the last sentence
  thereof:

		 

	 	“You hereby acknowledge that the Company and the Arnold Worldwide Partners division of Havas will
  be required to observe all the written rules and policies of Havas, including, without limitation,
  rules and policies included in the Havas Group Policies manual, and rules relating to budgets/forecasts,
  consolidation packages and dividends and distributions. You further acknowledge that you have read
  the Havas Code of Ethics (including the Financial Officer Code of Ethics contained therein) and have
  become familiar with their contents, and you agree to comply with their terms as they currently exist
  and as they may be changed in writing from time to time.”

		 

	 	1.3           Section 1(b). Section 1(b) is amended by deleting the phrase “commencing on the second anniversary of the
  date hereof and ending on the third anniversary of the date hereof” appearing in the first sentence
  therein and inserting in its place the phrase “commencing on February 1, 2007 and ending on
  February 1, 2009”.

	

 

	
2.             Section 2. Section 2 of the Original Employment Agreement is amended by adding the following sentence immediately
after the last sentence thereof:

	 

	 	“In particular, for so long as reasonably necessary in connection with your family medical situation,
  you shall be entitled to use leased or chartered private aircraft for your travels in connection
  with, or related to, the performance of your duties, responsibilities or services under this letter
  agreement for a total of up to 50 hours per year.”

	 
	
3.             Other Terms Unchanged. The Original Employment Agreement shall remain unchanged and in full force and effect for periods
ending on or prior to February 1, 2005, and, except as expressly amended by this Amendment, the Original
Employment Agreement shall remain unchanged and in full force and effect from and after February
1, 2005.

4.             Copies; Electronic Signatures; Counterparts. Photographic and facsimile copies of this Amendment and signatures hereto by facsimile or other electronic
means may be used in lieu of originals for any purpose. This Amendment may be executed in two or
more counterparts, all of which taken together shall constitute one instrument.

* * * * *

	 	 
	 	Arnold Worldwide Partners, LLC:
	 	 
	 	 
	 	

	 	Alain de Pouzilhac

    Attorney-in-Fact    
	 	 
	               I, Edward Eskandarian, acknowledge that:

	 	 
	 	(a)      I have had sufficient time to review this Amendment thoroughly;
	 	 
	 	(b)      I have read and understand the terms of this Amendment and the obligations
	 hereunder; and 
	 	 
	 	(c)      I have received a fully executed original of this Amendment.

	 
	                In witness whereof, the parties have executed this Amendment as of the date first above written.

	 	 
	 	 
	 	

	 	Edward Eskandarian

	

2

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