Document:

Exhibit 10.76

[Cegedim Letterhead]

March 1, 2007

 

John E. Bailye

Chairman and Chief Executive Officer

Dendrite International, Inc.

1405 U.S. Highway 206

Bedminster, New Jersey 07921

 

                Re:          Your Employment

 

Dear Mr. Bailye:

 

This letter, when accepted by you as described below, sets forth
certain terms relating to the termination of your employment upon the merger of
Dendrite International, Inc. (“Dendrite”) and Cegedim, S.A. (“Cegedim”).

 

Subject to the terms of this letter, you and Cegedim agree that immediately
after the Merger Effective Time, as such term is defined in the Agreement and Plan of Merger, dated
as of March 1, 2007 by and among Dendrite, Cegedim and Dogwood
Enterprises (the “Merger Agreement”), provided you are then employed by
Dendrite, your employment with Dendrite and/or any successor entity
shall be terminated by Dendrite, such termination to be deemed to have been
without Cause, and upon execution of a separation agreement that is in form and
substance commercially reasonable, you shall be entitled to such severance
payments and other benefits as are set forth in your Employment Agreement with
Dendrite, dated as of May 16, 2006, as amended, including, without
limitation, the Change in Control Severance Payment, as defined therein.  Notwithstanding anything to the contrary, you
agree to accept this notice of such termination as sufficient and timely and no
further notice shall be required to effect such termination.

 

As consideration for Cegedim’s agreement to terminate your employment
as aforesaid, you agree (1) that you will reasonably cooperate with Cegedim and
its advisors and consultants in the integration and transition activities to be
conducted by and between Dendrite and Cegedim up to and until the earlier of the
termination of the Merger Agreement or the Merger Effective Time; (2) that you
shall not at any time make any statement, observation or opinion, or
communicate any information (whether oral or written), including but not
limited to, any statement, observation or opinion that is likely to come to the
attention of (i) any client, employee or shareholder of Cegedim or any of its
affiliates, (ii) any client, employee or shareholder of Dendrite or any of its
affiliates or (iii) any member of the media or investment community, which
statement, observation or opinion is derogatory of or casts in a negative light
the proposed merger or Cegedim or any of its affiliates or its officers,
directors and employees or otherwise engage in any activity which is manifestly
inimical to the interests of Cegedim; and (3) except as specifically authorized
in the Merger Agreement with respect to officers and directors acting in their
capacity as such, you will not, participate in, initiate, solicit or knowingly
encourage any Company Acquisition Proposal as defined in the Merger
Agreement.  Notwithstanding the
foregoing, nothing in this letter shall be construed as altering your
contractual and legal obligations and duties to Dendrite, and its successors,
as a director or its Chief Executive Officer of Dendrite, through the remainder
of your service in such capacities, and thereafter.  

If the terms of this letter are acceptable to you, please sign where
provided below to indicate your agreement thereto and return a copy of the fully
executed letter attention.  

 

	
  Very truly yours,

  
	
   

  
	
  CEGEDIM, S.A.

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Jean-Claude Labrune

  	
   

  
	
   

  	
  JEAN-CLAUDE LABRUNE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed and accepted:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ John E. Bailye

  	
   

  
	
  JOHN E. BAILYEExhibit 10.1

AMENDMENT TO RESTRICTED STOCK AGREEMENT

EFFECTIVE DATE:             March
28, 2007

PARTIES:

	
  Christopher & Banks
  Corporation

  	
   

  	
  (“Corporation”)

  
	
   

  	
   

  	
   

  
	
  Matthew Dillon

  	
   

  	
  (“Employee”)

  

 

WHEREAS,
the Corporation and Employee are parties to an existing Restricted Stock
Agreement dated June 12, 2006 (hereinafter referred to as “Restricted Stock
Agreement”); and

WHEREAS,
the Corporation and Employee desire to amend the Restricted Stock Agreement in
certain respects; and

WHEREAS,
the Corporation and the Employee have determined that forfeiture restrictions
will not lapse on May 31, 2007 with respect to 15,000 shares and that pursuant
to the Restricted Stock Agreement such 15,000 shares shall therefore be added
to the 22,500 shares with a lapse date of May 31, 2008, resulting in a total of
37,500 shares with a lapse date of May 31, 2008.

NOW,
THEREFORE, the Corporation and Employee agree that as of the Effective Date
written above the following amendments shall be made a part of the Restricted
Stock Agreement:

1.                                       Section 2(b) of the
Restricted Stock Agreement is deleted in its entirety and replaced with the
following new Section 2(b):

(b)           Lapse of Forfeiture Restrictions.  The Forfeiture Restrictions identified in
subparagraph 2(a) above shall lapse as to the Restricted Shares in accordance
with the following schedule, provided that the following conditions have been
satisfied as of each lapse date: 
(i)  Employee has been continuously
employed by the Company from the date of this Agreement through the lapse date
applicable to the Restricted Shares (as set forth in the table below), and no
notice of resignation shall have been given to the Corporation by Employee
preceding or on the date of vesting; (ii) the Operating Income (as defined
below) for the fiscal year completed in the February prior to the lapse date
must be greater than the Operating Income in the prior fiscal year; and (iii)
the Operating Income for the fiscal year completed in the February prior to the
lapse date is equal to or greater than the Operating Income set forth in the
budget for such fiscal year approved by the Board of Directors before or
shortly after the beginning of such fiscal year (the “Budgeted Operating Income”).  For purposes of this Agreement, Operating
Income shall mean income before 

 1
 

interest and taxes determined in
accordance with generally accepted accounting principles but prior to accruing
expense for any award hereunder and excluding the impact (whether positive or
negative) thereon of any change in accounting standards or extraordinary
item.  In addition to the
foregoing, the restrictions shall lapse for the following portion of the shares
eligible to lapse at any lapse date if each of conditions (i) and (ii) above is
satisfied, and regarding condition (iii), the Operating Income for the fiscal
year ending in the February prior to the lapse date is at least 95% of the
Budgeted Operating Income.  At 95% of
Budgeted Operating Income the restrictions shall lapse with respect to 50% of
the eligible shares and restrictions shall lapse with respect to an additional
..10% of the eligible shares for each basis point over 95%, such that
restrictions shall lapse with respect to 100% of the eligible shares at 100% of
the Budgeted Operating Income.  The
schedule is as follows:

	
  Lapse Date

  	
   

  	
  Total Restricted Shares 

  to which Forfeiture 

  Restrictions Lapse*

  	
   

  
	
  May 31, 2008

  	
   

  	
  37,500

  	
   

  
	
  May 31, 2009

  	
   

  	
  22,500

  	
   

  
	
  May 31, 2010

  	
   

  	
  35,000

  	
   

  
	
  May 31, 2011

  	
   

  	
  35,000

  	
   

  
	
  May 31, 2012

  	
   

  	
  35,000

  	
   

  
	
  May 31, 2013

  	
   

  	
  35,000

  	
   

  

 

*  In the event the Forfeiture Restrictions do
not lapse on any lapse date, the Restricted Shares subject to the lapse of
restriction on such dates will be forever forfeited.

Notwithstanding the foregoing,
the Forfeiture Restrictions shall lapse as to all of the Restricted Shares on
the earlier of (i) the occurrence of a Corporate Change (as such term is
defined in the Plan), or (ii) the date Employee’s employment with the Company
is terminated by reason of death or normal retirement on or after age
sixty-five.  In the event Employee’s
employment is terminated for any other reason, including retirement prior to
age sixty-five with the approval of the Company or employing subsidiary, the
Committee which administers the Plan (the “Committee”) or its delegate, as
appropriate, may, in the Committee’s or such delegate’s sole discretion,
approve the lapse of Forfeiture Restrictions as to any or all Restricted Shares
still subject to such restrictions, such lapse to be effective on the date of
such approval or Employee’s termination date, if later.

2.             This Amendment shall be attached to
and be a part of the Restricted Stock Agreement between Christopher & Banks
Corporation and Matthew Dillon.  Except as set forth herein, the Restricted Stock Agreement shall remain
in full force without modification.

 2
 

In
consideration of the mutual covenants contained herein, the parties have
executed this Amendment effective as of the date and year above written.

	
  CHRISTOPHER & BANKS CORPORATION

  	
   

  	
  MATTHEW DILLON

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Larry C. Barenbaum

  	
   

  	
   

  	
   

  	
  /s/ Matthew Dillon

  	
   

  
	
  By:

  	
  Larry C. Barenbaum

  	
   

  	
   

  	
  Matthew Dillon

  
	
  Its:

  	
  Chairman

  	
   

  	
   

  	
   

  	
   

  
									

 

 3Exhibit 10.2

AMENDMENT TO RESTRICTED STOCK AGREEMENT

EFFECTIVE DATE:             March
28, 2007

PARTIES:

	
  Christopher & Banks
  Corporation

  	
   

  	
  (“Corporation”)

  
	
   

  	
   

  	
   

  
	
  Monica Dahl

  	
  (“Employee”)

  

 

WHEREAS,
the Corporation and Employee are parties to an existing Restricted Stock
Agreement dated August 7, 2006 (hereinafter referred to as “Restricted Stock
Agreement”); and

WHEREAS,
the Corporation and Employee desire to amend the Restricted Stock Agreement in
certain respects; and

WHEREAS,
the Corporation and the Employee have determined that forfeiture restrictions
will not lapse on May 31, 2007 with respect to 7,000 shares and that pursuant
to the Restricted Stock Agreement such 7,000 shares shall therefore be added to
the 10,500 shares with a lapse date of May 31, 2008, resulting in a total of
17,500 shares with a lapse date of May 31, 2008.

NOW,
THEREFORE, the Corporation and Employee agree that as of the Effective Date
written above the following amendments shall be made a part of the Restricted
Stock Agreement:

1.             Section 2(b) of the Restricted
Stock Agreement is deleted in its entirety and replaced with the following new
Section 2(b):

(b)           Lapse of Forfeiture Restrictions.  The Forfeiture Restrictions identified in
subparagraph 2(a) above shall lapse as to the Restricted Shares in accordance
with the following schedule, provided that the following conditions have been
satisfied as of each lapse date: 
(i)  Employee has been continuously
employed by the Company from the date of this Agreement through the lapse date
applicable to the Restricted Shares (as set forth in the table below), and no
notice of resignation shall have been given to the Corporation by Employee
preceding or on the date of vesting; (ii) the Operating Income (as defined
below) for the fiscal year completed in the February prior to the lapse date
must be greater than the Operating Income in the prior fiscal year; and (iii)
the Operating Income for the fiscal year completed in the February prior to the
lapse date is equal to or greater than the Operating Income set forth in the
budget for such fiscal year approved by the Board of Directors before or
shortly after the beginning of such fiscal year (the “Budgeted Operating Income”).  For purposes of this Agreement, Operating
Income shall mean income before 

 1
 

interest and taxes determined in
accordance with generally accepted accounting principles but prior to accruing
expense for any award hereunder and excluding the impact (whether positive or
negative) thereon of any change in accounting standards or extraordinary
item.  In addition to the
foregoing, the restrictions shall lapse for the following portion of the shares
eligible to lapse at any lapse date if each of conditions (i) and (ii) above is
satisfied, and regarding condition (iii), the Operating Income for the fiscal
year ending in the February prior to the lapse date is at least 95% of the
Budgeted Operating Income.  At 95% of
Budgeted Operating Income the restrictions shall lapse with respect to 50% of
the eligible shares and restrictions shall lapse with respect to an additional
..10% of the eligible shares for each basis point over 95%, such that
restrictions shall lapse with respect to 100% of the eligible shares at 100% of
the Budgeted Operating Income.  The
schedule is as follows:

	
  Lapse Date

  	
   

  	
  Total Restricted Shares 

  to which Forfeiture 

  Restrictions Lapse*

  	
   

  
	
  May 31, 2008

  	
   

  	
  17,500

  	
   

  
	
  May 31, 2009

  	
   

  	
  10,500

  	
   

  
	
  May 31, 2010

  	
   

  	
  10,500

  	
   

  
	
  May 31, 2011

  	
   

  	
  10,500

  	
   

  
	
  May 31, 2012

  	
   

  	
  10,500

  	
   

  
	
  May 31, 2013

  	
   

  	
  10,500

  	
   

  

 

*  In the event the Forfeiture Restrictions do
not lapse on any lapse date, the Restricted Shares subject to the lapse of
restriction on such dates will be forever forfeited.

Notwithstanding the foregoing,
the Forfeiture Restrictions shall lapse as to all of the Restricted Shares on
the earlier of (i) the occurrence of a Corporate Change (as such term is
defined in the Plan), or (ii) the date Employee’s employment with the Company
is terminated by reason of death or normal retirement on or after age
sixty-five.  In the event Employee’s
employment is terminated for any other reason, including retirement prior to
age sixty-five with the approval of the Company or employing subsidiary, the
Committee which administers the Plan (the “Committee”) or its delegate, as
appropriate, may, in the Committee’s or such delegate’s sole discretion,
approve the lapse of Forfeiture Restrictions as to any or all Restricted Shares
still subject to such restrictions, such lapse to be effective on the date of
such approval or Employee’s termination date, if later.

2.             This Amendment shall be attached to
and be a part of the Restricted Stock Agreement between Christopher & Banks
Corporation and Monica Dahl.  Except as
set forth herein, the Restricted Stock Agreement shall remain in full force
without modification.

 2
 

In
consideration of the mutual covenants contained herein, the parties have
executed this Amendment effective as of the date and year above written.

	
  CHRISTOPHER & BANKS CORPORATION

  	
  MONICA DAHL

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Larry C. Barenbaum

  	
   

  	
   

  	
  /s/ Monica Dahl

  	
   

  	
   

  
	
  By:

  	
  Larry C. Barenbaum

  	
   

  	
  Monica Dahl

  
	
  Its:

  	
  Chairman

  	
   

  	
   

  	
   

  	
   

  
									

 

 3

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