Document:

Employment Agreement between James Clark and etrials Worldwide, Inc., 12/12/2003

 Exhibit 10.24 
  
 

 
  
 EMPLOYMENT
AGREEMENT 
  
 This EMPLOYMENT AGREEMENT (the
“Agreement”) is entered into between etrials Worldwide, Inc., a Delaware corporation with a principal place of business at 2701 Aerial Center Parkway, Suite 100, Morrisville, NC 27560 (the “COMPANY”) and James W. Clark, Jr., (the
“EXECUTIVE”). 
  
 1. Employment. 
  
 COMPANY hereby employs EXECUTIVE, and EXECUTIVE hereby agrees to accept employment from
COMPANY as its Vice President – Finance and Chief Financial Officer. EXECUTIVE will report to the Chief Executive Officer (CEO) or the Board of Directors of COMPANY, and he agrees during the term of his employment under this Agreement to
perform the duties and responsibilities of such position as may be assigned him from time to time by the CEO or the Board of Directors of the COMPANY. EXECUTIVE shall perform his duties in a manner that is consistent with the requirements of
Delaware general corporation law and the policies of the Company. EXECUTIVE further agrees to use his best efforts to promote the interests of COMPANY and to devote his full business time and energies to the business and affairs of COMPANY.
EXECUTIVE may, however, engage in civic and not-for-profit activities for which no compensation (other than reimbursement of his actual expenses incurred in performance of such activities) is paid to him, so long as such activities do not materially
interfere with the performance of his duties to COMPANY hereunder. 
  

 -1- 

 2. Term of Employment. 
  
 The employment under this Agreement shall commence on or about December 12, 2003 and shall continue for a period of two years
thereafter, unless earlier terminated pursuant to the provisions of this Agreement; and it shall be renewed for successive periods of one year unless either party shall give notice of termination, as provided for herein within sixty (60) days
of the expiration of any such one-year term. 
  
 3. Compensation.

  
 (a) Base Salary. As compensation for services provided
to COMPANY, EXECUTIVE shall receive a salary at the annual rate of $175,000, to be paid as and when other employees of the COMPANY are paid, less such payroll and withholding taxes as required by law to be deducted and such other deductions as
EXECUTIVE shall authorize in writing. The base salary shall be pro-rated for any partial month at either the commencement or termination of the employment. Such Base Salary shall be reviewed, and any increases in the amount thereof shall be
determined, by the board of directors in its sole discretion at the end of each twelve-month period of employment during the term hereof. There shall be no decrease in the amount of the Base Salary below the amount stated above. 
  
 (b) Performance Bonus. The EXECUTIVE shall be eligible for a
performance bonus, based upon factors to be determined, in writing, by the Company’s Board of Directors. The Board of Directors will determine the factors for the performance bonus within 45 days after the Board of Directors approves the budget
for that year. 
  
 (c) Bonus. In addition to the
performance bonus provided for in paragraph (b) above, the EXECUTIVE shall be eligible for and may receive bonuses, the amount of which, if any, shall be determined solely within the discretion of the board of directors. 
  

 -2- 

 4. Participation in Benefit Plans, Reimbursement of Business Expenses. 
  
 (a) Benefit Plans. During the term of this Agreement,
EXECUTIVE shall be provided with medical insurance, life and disability insurance, vacation benefits (four weeks), sick leave benefits, holidays, car allowance of $500/month and other benefits which are not less than, and on terms no less favorable
than, those that COMPANY provides generally to its other executive employees, if any. EXECUTIVE (and any dependents) must meet the eligibility requirements of any such plans as a condition to his (and their) participation. 
  
 (b) Reimbursement of Business Expenses. During the term of
this Agreement, COMPANY shall reimburse EXECUTIVE promptly for all reasonable expenditures fees incurred by EXECUTIVE in the course of performing services pursuant to this Agreement, which expenses may include, but are not limited to, travel,
entertainment, meetings, parking, publications, association dues, and conference, provided that EXECUTIVE provides proper evidence of such expenses and submits his requests for reimbursement in accordance with the policies and procedures of the
COMPANY then in effect. 
  
 (c) Moving Allowance.
During the term of this Agreement, the COMPANY shall agree to reimburse the EXECUTIVE for all moving costs up to $75,000 incurred in connection with relocation of the EXECUTIVE’S home residence to the city in which the COMPANY headquarters is
located, net of any state or federal income taxes related to the moving allowance. The allowable moving expenses are to include direct verifiable expenses including but not limited to house hunting travel costs for the EXECUTIVE and his family,
moving van and packing/unloading costs, selling costs of former home and closing costs of new home. 
  

 -3- 

 5. Termination of Employment. 
  
 The EXECUTIVE’S employment hereunder may be terminated only as follows: 
  
 (a) Without Cause by the COMPANY. The COMPANY may terminate the EXECUTIVE’S employment hereunder
without cause, only upon action by the board of directors, and upon prior written notice to the EXECUTIVE. 
  
 (b) For Cause, by the COMPANY. The COMPANY may terminate the EXECUTIVE’S employment hereunder for cause immediately and with
prompt notice to the EXECUTIVE, which cause shall be determined in good faith solely by the board of directors, after providing the EXECUTIVE with written notice and an opportunity to be heard. “Cause” for termination shall include the
following conduct of the EXECUTIVE: 
  
 (i) Material breach of
this Agreement by the EXECUTIVE, which breach shall not have been cured by the EXECUTIVE within thirty (30) days of receipt of written notice of said breach; 
  
 (ii) Willful misconduct as an employee of the COMPANY that results in material economic detriment to the COMPANY, including
but not limited to: intentionally misappropriating any funds or property of the COMPANY; attempting to willfully obtain any personal profit from any transaction in which the EXECUTIVE has an interest with is adverse to the interests of the COMPANY;
or any other act or omission which substantially impairs the COMPANY’S ability to conduct its business in its usual manner; 
  
 (iii) Neglect or unreasonable refusal to perform the material duties and responsibilities assigned to the EXECUTIVE by the Board of Directors or pursuant
to this Agreement after written warning from the COMPANY specifying the duties or responsibilities which EXECUTIVE has failed to perform; 
  
 (iv) Actions by EXECUTIVE which expose the COMPANY to substantial liability such, including, without limitation, discrimination or sexual harassment;

  
 (v) Violations of any written policy of the COMPANY,
including its insider trading policy and ethics policy, if EXECUTIVE knows or should know the action or omission of EXECUTIVE which constitutes a violation of these policies; 
  

 -4- 

 (vi) Violation of, by EXECUTIVE, or causing the COMPANY to violate, any securities laws, rules or
regulations or violation of any whistleblower protection policy of the Company or applicable law; 
  
 (vii) Any attempt to mislead, or unduly influence, whether or not successful, the independent auditors of the COMPANY, if the Board of Directors
determines the action or omission was intentional; 
  
 (viii)
Failure to maintain internal financial processes, systems and controls consistent with the recommendations of the independent auditors, the members of the Audit Committee or the Board of Directors or applicable law, rules or regulations; 

 
 (ix) Any failure to disclose a material fact about the COMPANY to the
Board of Directors, if the Board of Directors determines the failure was intentional; 
  
 (x) Causing the COMPANY to take any action which would cause EXECUTIVE to earn any bonus, if the Board of Directors determines the action was taken in bad faith; and 
  
 (xi) Conviction of a felony. 
  
 (c) For Good Reason by the EXECUTIVE. The EXECUTIVE may
terminate employment hereunder for good reason immediately and with prompt notice to the COMPANY, subject to Section 11 of this Agreement. “Good reason” for termination by the EXECUTIVE shall be limited to, the following conduct of
the COMPANY: 
  
 (i) Material breach of any provision of this
Agreement by the COMPANY, which breach shall not have been cured by the COMPANY within thirty (30) days of receipt of written notice of said breach; and 
  

(ii) The assignment to the EXECUTIVE of duties inconsistent with the EXECUTIVE’S position, authority, duties or responsibilities as contemplated
by Section 1 of the Agreement, or any other action by the COMPANY which results in a material diminution of such position, authority, duties or responsibilities, or which materially impair the EXECUTIVE’S ability to function, excluding for
this purpose any isolated action not taken in bad faith and which is promptly remedied by the COMPANY after receipt of written notice thereof given by the EXECUTIVE. Notwithstanding the foregoing, suspension of EXECUTIVE while the Board of Directors
conducts any investigation into the conduct of EXECUTIVE or the removal of authority or responsibility of EXECUTIVE over any matter or person or any action to avoid or decrease liability exposure, taken on advice of legal counsel to the COMPANY
shall not constitute good reason. 
  

 -5- 

 (d) Death. The period of active employment of the EXECUTIVE hereunder shall terminate
automatically in the event of his death. 
  
 (e)
Disability. In the event that the EXECUTIVE shall be unable to perform the duties hereunder for a period of one hundred eighty (180) consecutive days by reason of disability as a result of illness, accident or other physical or
mental incapacity or disability, the COMPANY may, in its discretion, by giving written notice to the EXECUTIVE, terminate the EXECUTIVE’S employment hereunder as long as the EXECUTIVE is still disabled on the effective date of such termination.

  
 (f) By the EXECUTIVE Without Good Reason. The
EXECUTIVE may resign or otherwise voluntarily terminate his employment with the COMPANY, without good reason, upon ninety (90) days’ written notice to the COMPANY. Upon receipt of such written notice, the COMPANY may, in its sole
discretion, give the resignation immediate or such earlier effect as it specifies. 
  
 6. Compensation in the Event of Termination. 
  
 In the event that the EXECUTIVE’S employment pursuant to this agreement terminates prior to the end of the Term of this Agreement for a reason provided in Section 5 hereof, or in the event the Term is not renewed pursuant to
Section 2 hereto, the COMPANY shall pay the EXECUTIVE compensation as set forth below: 
  
 (a) By the EXECUTIVE for Good Reason; By the COMPANY Without Cause. In the event that the EXECUTIVE’S employment hereunder is terminated (i) by the COMPANY without cause, (ii) by the EXECUTIVE
for good reason pursuant to section 5(c) hereof, (iii) by EXECUTIVE refusing to renew this Agreement for good reason as defined in section 5(c) hereof, or (iv) by COMPANY refusing to renew this Agreement without cause; then the 

  

 -6- 

 
COMPANY shall provide the EXECUTIVE the following severance benefits (the “Severance Benefits”): 
  
 (i) Annual Base Salary and other Compensation as set forth in Section 3
hereof that was earned up until the date of termination, as well as any unreimbursed expenses; 
  
 (ii) Base Salary at 100% of the annualized rate in effect on the date of termination, for nine months after termination of employment (the “Salary
Continuation Period”) payable as and when employees of the COMPANY are paid in accordance with normal payroll procedures; 
  
 (iii) Any unpaid bonus the Board of Directors previously determined was earned by EXECUTIVE, unless at the time of such determination the Board of
Directors was not aware of facts which it reasonably would have taken into account had such facts been known. 
  
 (iv) The COMPANY shall pay a pro rata share (based on the number of days of that year before and after termination) of any performance bonus based on
performance of the COMPANY for the year in which employment terminates, if at the end of the year during which termination of employment occurs, the COMPANY’S performance meets the bonus criteria for that year. The COMPANY shall pay a pro rata
share (based on the number of days of that year before and after termination) any performance bonus based on the individual performance of EXECUTIVE, unless (x) the Board of Directors in good faith concludes that prior to termination of
employment, EXECUTIVE’S behavior was inconsistent with such criteria, or (y) the Board of Directors in good faith concludes EXECUTIVE would not have been able to achieve the performance criteria had employment continued for the full year.
Payment, if any, shall be made at the time the bonuses would have been paid had employment not terminated. 
  
 (v) Continuing coverage for the EXECUTIVE and his eligible dependents, under all of the COMPANY’S benefit plans, programs and policies in effect as
of the date of termination if permitted under the COMPANY’S plans until the earlier of the Salary Continuation Period or the date, or dates, that he receives equivalent coverage and benefits under the plans and programs of a subsequent
employer, provided that if by the terms of such benefit plans, EXECUTIVE or EXECUTIVE’S family cannot be covered after termination of employment, the COMPANY shall make reasonable efforts to obtain or pay for equivalent coverage for EXECUTIVE,
provided EXECUTIVE and family are insurable and further provided that COMPANY shall not be required to pay more than $10,000; and 
  
 (vi) Notwithstanding any COMPANY policy to the contrary, payment of up to 60 days of accrued but unused vacation time for the period from commencement of
the 

  

 -7- 

 
EXECUTIVE’S employment with the COMPANY through the EXECUTIVE’S effective date of termination. 
  
 (vii) The EXECUTIVE shall not be required to mitigate the amount of any
payment provided for in the Section 6 (a) by seeking employment or otherwise. 
  
 (b) By the COMPANY in Event of a Change in Control. In the event that during the period beginning three months before the occurrence of a “Change in Control” (as such term is defined in Section 7
hereof) ending one year after a Change in Control EXECUTIVE’S employment is terminated: (i) by the EXECUTIVE for good reason pursuant to Section 5(c) hereof, (ii) by the COMPANY (or its successor or acquirer) without cause,
(iii) by expiration of this Agreement due to EXECUTIVE refusing to renew this Agreement for “good reason” as defined in Section 5(c), or (iv) by expiration of this Agreement due to COMPANY (or its successor or acquirer)
refusing to renew this Agreement without cause, then in addition to the benefits provided for in Section 6 (a) above, and notwithstanding any terms to the contrary of applicable Stock Option Agreements and any Restricted Stock Option
Agreements executed by the COMPANY and the EXECUTIVE, all of the EXECUTIVE’S outstanding stock options and restricted stock will immediately become vested and exercisable, and any provision of such options which provides for termination of the
option upon, or within a stated time after termination of employment, shall become void and such option shall become a nonqualified stock option for tax purposes if it was not already a nonqualified option; 
  
 (c) Due to the EXECUTIVE’S Death, or by the COMPANY Upon
EXECUTIVE’S Disability. In the event of the EXECUTIVE’S death or if the COMPANY shall terminate the EXECUTIVE’S employment hereunder for disability pursuant to Section 5 (d) hereof, the COMPANY shall pay the EXECUTIVE,
or his personal representative, as applicable: 
  
 (i) Annual
Base Salary and other compensation as set forth in Section 3 hereof that was earned up until the date of termination, as well as any unreimbursed expenses; 
  

 -8- 

 (ii) Base Salary at the annualized rate in effect on the date of termination for a period of three
(3) months in the event of termination because of the EXECUTIVE’S death, and the period between the date of termination as a result of the EXECUTIVE’S disability until the effective date of the EXECUTIVE’S eligibility for the
benefits pursuant to the applicable long-term disability insurance policy, up to a maximum of six (6) months; 
  
 (iii) The COMPANY shall pay any bonus on the same conditions as if termination was by the COMPANY without cause pursuant to Section 6(a). 

 
 (iv) Notwithstanding any COMPANY policy to the contrary, payment of up to
sixty (60) days of accrued but unused vacation time for the period from commencement of the EXECUTIVE’S employment with the COMPANY through the EXECUTIVE’S effective date of termination. 
  
 (d) By the COMPANY For Cause or By the EXECUTIVE Without Good Reason.
In the event that the COMPANY shall terminate the EXECUTIVE’S employment hereunder for cause or not renew the term for cause, or the EXECUTIVE shall terminate employment hereunder without good reason, the COMPANY shall pay the EXECUTIVE
Annual Base Salary and other compensation as set forth in Section 3 hereof that was earned up until the date of termination, as well as any unreimbursed expenses, and accrued but unused vacation time, up to the number of days afforded all
employees under the Company’s vacation policy in effect on the date of termination of employment. 
  
 (e) Liability Release. The COMPANY may withhold any payment or other benefit following termination of employment, unless EXECUTIVE executes and
delivers to the COMPANY a written mutual liability release for in form and substance reasonably acceptable to the COMPANY and EXECUTIVE. 
  

 -9- 

 7. Non-competition, Confidentiality, and Conflicts of Interest. 
  
 (a) Confidentiality. The EXECUTIVE agrees and understands that, due
to the nature of his position with the COMPANY, he will gain possession of confidential information about COMPANY and the way it conducts its business. In conjunction with the execution of, and as part of the consideration given for, this Agreement,
EXECUTIVE will execute a Proprietary Information and Inventions Agreement. EXECUTIVE’S duties and obligations shall survive termination of his employment with COMPANY. 
  
 (b) Restrictive Covenant. For nine (9) months following the termination date of EXECUTIVE’S employment
under this Agreement, EXECUTIVE shall not, without first obtaining the prior written approval of COMPANY, directly or indirectly engage in any activities in competition with COMPANY, or accept employment or establish a business relationship with a
business engaged in competition with COMPANY, in any geographical area in which COMPANY, as of the termination date, either is conducting or has made known to EXECUTIVE prior to his termination that it has plans to conduct business. EXECUTIVE hereby
agrees that COMPANY’S business, which is Internet based, is currently conducted throughout the United States and in many countries of the world, notwithstanding that COMPANY does not have a physical location in all these places. For these
purposes, the COMPANY’S business shall be deemed to include (i) the business actually conducted by the COMPANY immediately prior to termination of employment, and (ii) any business the COMPANY took active steps (including, without
limitation, business planning, market research, or product development efforts) prior to termination of employment to conduct after termination of employment. In the event that EXECUTIVE undertakes any such activities without written permission from
COMPANY, then in addition 

  

 -10- 

 
to any other remedy the COMPANY may otherwise have, COMPANY’S obligation to pay EXECUTIVE severance compensation under this Agreement shall cease.

  
 (c) Conflicts of Interest. During his employment,
EXECUTIVE agrees not to acquire, assume or participate in, directly or indirectly, any position or interest known by him to be adverse or antagonistic to COMPANY, its business or prospects. 
  
 (d) Non-interference. While employed by COMPANY, and for a period of
nine months immediately following the termination of his employment, EXECUTIVE will not interfere with the business of COMPANY by: 
  
 (i) Soliciting, attempting to solicit, inducing or otherwise causing any employee of COMPANY to terminate his or her employment; or 
  
 (ii) Directly or indirectly soliciting the business of any customer of
COMPANY which at the time of termination or one (1) year prior thereto was listed on COMPANY’S customer list or records, which solicitation, if successful, would result in the loss of business or potential business for COMPANY so long as
the potential business is within the COMPANY’S business or is a logical extension of such business as it exists at the time of the EXECUTIVE’S termination. 
  
 (e) EXECUTIVE acknowledges that a remedy at law for any breach or threatened breach by him of the provisions of this
Section 7 would be inadequate to protect COMPANY against the consequences of such breach, and he therefore agrees that the COMPANY shall be entitled to injunctive relief in case of any such breach or threatened breach without posting any bond.
Nothing in this provision shall be construed to prevent Executive from continuing to use the knowledge and information that he possessed prior to commencing employment with the COMPANY, or any non-confidential information he acquired during his
employment, in any lawful manner following termination of his employment hereunder. 
  

 -11- 

 8. Change in Control. 
  
 The term “Change in Control” as used in the Agreement shall mean the first to occur on any of the following: 
  
 (a) The effective date or date of consummation of any transaction or series
of transactions (other than a transaction to which only the COMPANY and one or more of its subsidiaries are parties) pursuant to which the COMPANY: 
  
 (i) Becomes a subsidiary of another corporation; 
  
 (ii) Is merged or consolidated with or into another corporation; 
  

(iii) Engages in an exchange of shares with another corporation; or 
  
 (iv) Transfers, sells or otherwise disposes of all or substantially all of its assets to a single purchaser (other than the
EXECUTIVE) or a group of purchasers (none of whom is the EXECUTIVE); 
  
 Provided,
however, that this Subsection (a) shall not be applicable to a transaction or series of transactions in which a majority of the capital stock of the other corporation, following such transaction or series of transactions, is owned or controlled
by the holders of a majority of the COMPANY’S outstanding capital stock immediately before such sale, transfer or disposition; or 
  
 (b) The date upon which any person (other than the EXECUTIVE), group of associated persons acting in concert (none of whom is the EXECUTIVE) or
corporation becomes a direct or indirect beneficial owner of shares of stock of the COMPANY representing an aggregate of more than 50% of the votes then entitled to be cast at an election of directors of the COMPANY; provide however, that this
Subsection (b) shall not be applicable to a transaction or series of transactions in which the entity acquiring such ownership in excess of fifty percent (50%) is a person or entity who is eligible, pursuant to Rule 13d-1(b) under the
Securities Exchange Act of 1934, as amended, to file a statement on Schedule 13G with 

  

 -12- 

 
respect to its beneficial ownership of the COMPANY’S capital stock, whether or not such person or entity shall have filed a Schedule 13G (unless such
person or entity shall have filed a Schedule 13D with respect to beneficial ownership of fifteen percent (15%) or more of the COMPANY’S capital stock); and provided, further, that the acquisition of shares in a bona fide public offering or
private placement of securities by an investor who is acquiring such shares for passive investment purposes only shall not constitute a “Change in Control;” or 
  
 (c) The date upon which the persons who were members of the board of directors of the COMPANY as of the date of execution of
this Agreement (the “Current Directors”) cease to constitute a majority of the board of directors; provided, however, that any new director whose nomination or selection has been approved by the affirmative vote of at least a majority of
the Current Directors then in office shall also be deemed a Current Director. 
  
 9. Notices. 
  
 For purposes of this Agreement, notices
and other communications provided for in the Agreement shall be in writing (whether or not specifically required elsewhere in this Agreement to be in writing) and shall be deemed to have been duly given when delivered or mailed by United States
Registered or Certified Mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	 If to EXECUTIVE:
	  	at the address on the signature page
		
	 If to COMPANY:
	  	etrials Worldwide, Inc.
	 	  	Attn: Chief Financial Officer
	 	  	2701 Aerial Center Parkway,
	 	  	Suite 100
	 	  	Morrisville, NC 27560

  
 or at such other address as any party
may have furnished to the other in writing subsequent to the execution of this Agreement. 
  

 -13- 

 10. Applicable Law. 
  
 This Agreement is covered by the laws of the State of North Carolina. 
  
 11. Severability and Section 7 Survival. 
  
 The provisions of Section 7 of this Agreement shall survive any termination or expiration of this Agreement whether by EXECUTIVE for
good reason or without good reason or by COMPANY for cause or without cause. If the geographic scope of Section 7(b) is determined to be too broad, the geographic scope shall be modified to be the smaller of (i) the United States, or
(ii) such other geographic location as the court deems reasonable. If any provision of this Agreement is determined to be invalid or is in any way modified by any governmental agency, tribunal or court of competent jurisdiction, such
determination shall be considered as relating only to a separate, distinct, and independent part of this Agreement and shall not affect the validity or enforceability of any of the remaining provisions of this Agreement. 
  
 12. Successor Rights and Assignment. 
  
 This Agreement shall bind, inure to the benefit of and be enforceable by EXECUTIVE’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of COMPANY (including, without limitation, Section 7) under this Agreement may be assigned by COMPANY, in
which event it shall be binding upon, and inure to the benefit of, the person(s) or entity to whom it is assigned. EXECUTIVE may not assign his duties hereunder and he may not assign any of his rights hereunder without the written consent of
COMPANY. 
  
 13. Representations of Executive. 
  
 EXECUTIVE represents and warrants that his entry into and the performance of the duties and
obligations called for herein do not breach or otherwise violate any legal obligation of EXECUTIVE, common law, statutory or contractual. 
  

 -14- 

 14. Disputes. 
  
 Any disputes related to this Agreement shall be resolved by binding arbitration to be held in Raleigh, North Carolina under the rules of the
American Arbitration Association that pertain to commercial disputes, provided, however, that nothing herein shall prevent COMPANY from seeking and obtaining remedies in the courts for, or to prevent, any violation of Section 7 by EXECUTIVE and
for any matter that also constitutes a violation of law. The decision of the arbitrators shall be final and binding and non-appealable. 
  
 15. Entire Agreement, Amendments; Waivers. 
  
 This Agreement contains the entire agreement of the parties concerning the EXECUTIVE’S employment and all promises, representation, understandings, arrangements and
prior agreements on such subject are merged herein and superseded hereby. The provisions of this Agreement may not be amended, modified, repealed, waived, extended or discharged except by an agreement in writing signed by the party against whom
enforcement of any amendment, modification, repeal, waiver, extension or discharge is sought. No person acting other than pursuant to a resolution of the board of directors of the COMPANY shall have authority on behalf of the COMPANY to agree to,
amend modify, repeal, waive, extend or discharge any provision of this Agreement or anything in reference thereto or to exercise any of the COMPANY’S rights to terminate or fail to extend this Agreement. 
  
 Notwithstanding the foregoing, the approval by EXECUTIVE shall not be necessary for any
amendment or waiver of any provision which upon advice of legal counsel is inconsistent with any existing or future law, rule or regulation, including those of stock exchanges and other quotation services on which the COMPANY’S stock is traded,
quoted or listed. 
  

 -15- 

 IN WITNESS WHEREOF, EXECUTIVE and COMPANY have signed this Agreement on the dates indicated below. 
  

									
	 	 	 	 	EXECUTIVE:
				
	Dated: December 12, 2003	 	 	 	By:	 	/s/    JAMES W. CLARK,
JR.        
	 	 	 	 	 	 	 	 	James W. Clark, Jr.
	 	 	 	 	 	 	 Address:                                     
                                        
         

				
	 	 	 	 	 	 	 
			
	 	 	 	 	etrials Worldwide, Inc.
				
	Dated: December 12, 2003	 	 	 	By:	 	/s/    JOHN CLINE         
	 	 	 	 	 	 	 	 	John Cline
	 	 	 	 	 	 	 	 	President and Chief Executive Officer

  

 -16-Service Agreement between Rachel King and Minidoc Limited.

 Exhibit 10.25 
  
 SERVICE AGREEMENT 
  
 Between 
  
 Minidoc Limited 
  
 and 
  
 Rachael King

  
 THIS AGREEMENT is made the 
  
 PARTIES 
  
 (1) Minidoc Limited whose registered office is at 12 Plumtree Court London EC4A 4HT (“the Company “), and 
  
 (2) Rachael King of 67 St. Peters Road Broadstairs Kent CTl0 2SZ (“the Executive”)

  
 OPERATIVE PROVISIONS 
  
 1 Interpretation 
  

	1.1	In this Agreement the following expressions shall have the following meaning: 

  

			
	“the commencement date”	  	1st August 2000
		
	“the Board”	  	the board of directors of the Company as from time to time constituted
		
	“Customer”	  	any person, firm, company or other organisation whatsoever to whom the Company, or any Group Company has supplied goods or services
		
	“the London Stock Exchange”	  	the London Stock Exchange Limited

			
	“Relevant Business”	  	any business earned on by the Company or any Group Company during the Relevant Period and at the Termination Date
		
	“Group Company”	  	the Company’s parent company, MiniDoc A.B., and its associated company, MiniDoc Inc.
		
	“Nominated Person”	  	whosoever shall be nominated by the Board of MiniDoc A.B.
		
	“Relevant Period”	  	the period of 3 years prior to the Termination Date
		
	“Review Date”	  	December in each calendar year
		
	“Termination Date”	  	the date upon which the Executive’s employment with the Company terminates.

  

	1.2	References to statutory provisions shall be construed as references to the provisions as respectively amended or re-enacted or the provisions by which they have been replaced
(whether on or after the date of this Agreement) and shall include any provisions of which they are re-enactments (whether with or without modification) and any orders, regulations, instruments or other subordinate legislation made from time to time
under the statute concerned. 

  
 2 Term of Employment 
  

	2.1	The employment of the Executive as the Company’s Vice-President, European Operations, shall be deemed to have commenced on the Commencement Date and (subject to termination as
provided below) shall be for a fixed period of 3 years from the Commencement Date expiring on 1st August 2003 but may be terminated earlier by either party giving to the other six months’ notice in writing to expire at any time before
1st August 2003. 

  

	2.2	For the purposes of the Employment Rights Act 1996, the Executive’s period of continuous employment commenced on 20 August 1995. 

  

	2.3	The Executive hereby agrees that in the event of expiry of the Term without its being renewed the Executive will waive any right to a redundancy payment and any claim in respect of
which she may have under Section 94 of the Employment Rights Act 1996. 

  

 2 

 3 Duties of the Executive 
  

	3.1	The Executive shall at all times during the period of this Agreement: 

  

	 	3.1.1	perform such duties and exercise such powers in relation to the business of the Company or any Group Company as may from time to time be assigned to or vested in her by the Board

  

	 	3.1.2	conform to and comply with any reasonable directions and regulations made by the Board and/or the board of any Group Company 

  

	 	3.1.3	perform such services for any Group Company without further remuneration (except as otherwise agreed) 

  

	 	3.1.4	accept such offices in the Company or such Group Company as the Board may require 

  

	 	3.1.5	well and faithfully serve the Company and any relevant Group Company to the utmost of her ability, and 

  

	 	3.1.6	use her best endeavours to promote the Company’s interests and welfare and, unless prevented by accident or ill-health 

  

	 	3.1.7	devote the whole of her time, attention and abilities to those duties of her appointment during the normal working hours of the Company (for no further remuneration) during such
additional hours as shall be reasonably necessary for the proper performance of those duties. 

  

	3.2	The Executive shall furthermore: 

  

	 	3.2.1	at all times keep the Board promptly and fully informed (in writing if so requested) of the conduct of the business or affairs of the Company and any Group Company and provide such
explanations as the Board may require in connection with such business or affairs 

  

	 	3.2.2	comply with all the Company’s rules, regulations and policies from time to time in force 

  

	 	3.2.3	at all times give to the Board and to the Company’s auditors from time to time appointed all such information, explanation, data and assistance as may be required in connection
with the business of the Company or any Group Company. 

  
 4 Place
of Work 
  
 The Executive shall perform the duties of her appointment at the
Company’s place of business in the United Kingdom namely its present principal office being The Old 

  

 3 

 
Bakehouse Ivy Lane Canterbury Kent and also from time to time on a temporary basis and at the request of the Board at such other place or places. If the
Company requires the Executive to work permanently at a place which necessitates a move from her address at the time, any such change will only be effected after reasonable consultation and agreement with the Executive and the Company will reimburse
the Executive such removal and other expenses incidental to such a change of residence as are reasonably incurred by her. 
  
 5 Dealings in Securities 
  
 The Executive shall comply with the provisions of the code of dealing adopted by the Company from time to time in force based on the provisions of the model code on directors’ dealings in securities (“the
Model Code”) published and from time to time amended by the London Stock Exchange or in the absence of the adoption of such a code, with the provisions of the Model Code and shall not (subject always to her fiduciary duties as a director of the
Company) do or omit to do anything which could result in the Company being in breach of the listing rules published by the London Stock Exchange. 
  
 6 Salary 
  

	6.1	The Company shall pay the Executive during the term of her engagement a gross salary of £75,000 per annum (“the Salary”), which shall accrue from day to day and be
payable in equal monthly instalments in arrears by the last day of each calendar month (or such other date as the Company shall determine). The Salary shall be reviewed by the Board on the Review Date or such other date as the Board decides and the
decision upon such review shall be at the complete discretion of the Board 

  

	6.2	If the Executive shall be required to carry out any duties or exercise any powers in relation to any Group Company a proper proportion of her remuneration for the performance of
such duties may be paid by such Group Company and payment of such remuneration by such Group Company shall be accepted by the Executive in satisfaction of the obligation of the Company to remunerate her under this Agreement.

  
 7 Bonus Schemes and Share Schemes 
  
 At the absolute discretion of the Board of Directors of MiniDoc A.B.’s Compensation
Committee the Executive may be allowed to participate in such bonus schemes and share schemes as the Company may operate for employees of comparable status and upon such terms as the Board may from time to time determine. 
  

 4 

 8 Pensions 
  

	8.1	During the course of the Executive’s engagement and in addition to her remuneration the Company shall pay or procure the payment into a pension scheme (approved by the Inland
Revenue) of the Executive’s choice, or alternatively, if the Executive is a member of the Company’s Occupational Pension Scheme, the Company shall pay or procure payment on behalf of the Executive into the Company’s Occupational
Pension Scheme, a sum equivalent to 10% of the Salary, such payments to be calculated on a daily basis from the Commencement Date so that in the event of the termination of the Executive’s employment for any reason whatsoever before an
anniversary of the Commencement Date the amount of such payments shall be reduced pro rata. 

  

	8.2	The Company holds a contracting out certificate in relation to the State Earnings Related Pension Scheme applicable to the Executive’s employment. 

  
 9 Life Assurance 
  
 During the course of the Executive’s engagement hereunder the Company shall provide life assurance cover for the Executive at a level
equivalent to other senior Executives or at such other level as the Board shall determine from time to time, the premium for which shall paid by the Company. 
  
 10 Sickness 
  

	10.1	Subject to the right of the Company to terminate this Agreement as set out in Clause 13 to this Agreement or otherwise the Executive shall notwithstanding illness or other
incapacity beyond her control as a result of which she is unable to perform her duties under this Agreement remain entitled to receive the Salary in full for the continuous period of 3 months absence and half the Salary for the next continuous
period of 3 months absence during which the incapacity shall continue subject to; 

  
 (a) compliance with the Company’s procedures relating to sickness notification, statutory sick pay and self-certification to cover absence from work
due to sickness or other incapacity and to the provision of medical certificates and/or undergoing a medical examination by a doctor appointed by the Company 
  

(b) a deduction (at the Company’s discretion) from the Salary of an amount or amounts equal to any state sickness benefit or statutory sick pay to
which the Executive is entitled 
  
 (c) a deduction (at the
Company’s discretion) from the Salary of an amount or amounts equal to any payment made to the Executive under any health insurance arrangements effected from time to time by the Company on her behalf. 
  

 5 

	10.2	For Statutory Sick Pay purposes the Executive’s qualifying days shall be her normal working days. 

  

	10.3	If the Executive’s absence is occasioned by actionable negligence of a third party in respect of which damages arc or may be recoverable all sums paid by the Company to the
Executive during such period of absence shall constitute loans to the Executive, who shall forthwith notify the Company of the relevant circumstances and particulars of any claims, compromise, settlement or judgement made or awarded and shall if the
Company shall require refund to the Company such sum as the Company may determine (not exceeding the lesser of: 

  
 (a) the amount of damages recovered by her under such compromise, settlement or judgement and/or 
  
 (b) the sums advanced to her in respect of the period of incapacity).

  
 11 Travel/Expenses 
  

	11.1	In accordance with clause 4 Executive shall in the performance of her duties work and travel to such places (whether inside or outside the United Kingdom) and on such occasions as
the Board may from time to time reasonably require. 

  

	11.2	The Company shall upon the production of such vouchers, invoices or other appropriate documents as it is reasonably practicable for the Executive to provide, reimburse the Executive
all reasonable traveling, hotel, entertainment and other expenses properly incurred by her in or about the performance of her duties under this Agreement, subject to the approval of the Nominated Person. 

  
 12 Holidays 
  

	12.1	The Executive shall be entitled to 20 working days holiday (in addition to the usual public or statutory holidays) in each calendar year commencing on 1st August in each year
to be taken in such period and at such times as the Board shall reasonably require having regard to the requirements of the Company’s business. 

  

	12.2	On termination of the Executive’s engagement (howsoever occasioned) if the Executive has taken more or less than her annual holiday entitlement an appropriate adjustment shall
be made to any payment of the Salary or benefits from the Company to the Executive. 

  

 6 

	12.3	Unless the prior written consent of the Company is obtained by the Executive, untaken holiday entitlement for anyone calendar year may not be carried forward to any subsequent year
and no payment in lieu shall be made for accrued but untaken holiday upon termination of the Agreement. 

  
 13 Termination of Engagement 
  

	13.1	The Company may terminate the Executive’s engagement by notice with immediate effect if: 

  
 (a) the Executive in the view of the Board commits any material breach or (after warning) any repeated or continued breach
of her obligations hereunder or is guilty of conduct tending to bring herself or the Company or any Group Company into disrepute 
  
 (b) the Executive commits any criminal offence other than a minor motoring offence 
  
 (c) the Company reasonably believes that the Executive is guilty of gross misconduct or gross negligence or is in the
opinion of the Board incompetent in the performance of her duties 
  
 (d) the Executive is unable to fulfil her duties hereunder through illness or other incapacity for a continuous period exceeding 3 months in any consecutive period of 6 months, provided always that the Company shall use its best endeavours
to ensure that dismissal in these circumstances shall not break “service” for the purposes of the Company’s permanent health insurance policy from time to time in force 
  
 (e) the Executive becomes bankrupt or has an interim order made against her under the Insolvency Act 1986 or makes any
arrangement or composition with her creditors generally or the equivalent under any other jurisdiction 
  
 (f) the Executive becomes of unsound mind or a patient within the meaning of any statute relating to mental health 
  
 (g) the Executive, other than at the request of the Board (and other than by
retirement by rotation pursuant to the Articles of Association of the Company followed by re-election, or following a unanimous vote of a general meeting of the Company removing her from office), resigns as a director of the Company or any Group
Company other than in circumstances contained in Clause 14.2 
  

 7 

 (h) the Executive has been convicted or, if in the reasonable opinion of the Board, is liable to be
convicted of an offence under any statutory enactment or regulation relating to insider dealing 
  
 (i) the Executive has been disqualified or, in the reasonable opinion of the Board, is liable to be disqualified from being a director by reason of any
order made under the Company Directors Disqualification Act 1986 or otherwise 
  

	13.2	The termination by the Company of the Executive’s engagement (howsoever occasioned) shall be without prejudice to any claim which the Company may have for damages arising from
breach of this Agreement by the Executive. 

  

	13.3	If the Executive is required to vacate her office as a director of the Company and/or any Group Company by virtue of any provision of the Articles of Association of the Company
provided always this does not arise as a result of any breach of Clause 13.1 hereof the Company may determine this Agreement in accordance with Clause 13.1. 

  

	13.4	Notwithstanding any other terms in the Agreement the Executive shall retire at the Company’s normal retirement age which is at present 65 years (“the Retirement Age”)
whereupon this Agreement shall terminate. 

  

	13.5	The Executive agrees that the Company may by notice in its absolute discretion terminate the Executive’s engagement forthwith and make a payment in lieu of any notice of
termination of employment. 

  

	13.6	If the Executive is entitled to participate in any bonus scheme or share scheme either upon the Termination Date or upon notice being give in accordance with Clause 13.5 (whichever
is earlier) (“the Cut-Off Date”) her entitlement to any such bonus shares or options for shares shall be adjusted so that she shall only be entitled to the bonus shares or options for shares calculated pro rata to the Cut-Off Date,
provided always that any bonus shares or options for shares already accrued to the Executive at the Cut-Off Date: may be retained by her and exercised within one year of that date. 

  

	13.7	The Company shall not be liable for breach of any of its obligations hereunder should either: 

  
 (a) the members of the Company in general meeting vote that the Executive be removed from office as a director of the
Company, or 
  
 (b) the Executive, upon retiring as a director by
rotation pursuant to the Articles of Association of the Company, not be re-elected. 
  

	13.8	 Subject to Clause 13.6 upon termination of the Executive’s engagement hereunder (howsoever occasioned) the Executive shall not be entitled to any compensation
in respect of any loss of any right or benefit or prospective right 

  

 8 

	 	 
or benefit under any share option or other share incentive scheme operated or granted by the Company or any Group Company. 

  

	13.9	Should the Company become entitled to terminate the employment of the Executive pursuant to Clause 13.1 above, it shall be entitled (without prejudice to its right subsequently to
terminate her engagement on the same or any other ground) to suspend the Executive on full salary for as long as it may (reasonably) think fit. 

  
 14 Resignation of Directorships and Other Offices 
  

	14.1	The Executive shall not during her engagement other than in circumstances provided at Clause 14.2, resign from office as a director of the Company and/or any Group Company. If she
purports to do so without the consent or concurrence of the Company she will be deemed to have committed a material breach of this Agreement thereby entitling the Company to terminate her employment pursuant to Clause 13(e) or, at the Company’s
absolute discretion, to treat such resignation as notice of termination given by the Executive to the Company pursuant to Clause 2.1 and to suspend the Executive pursuant to Clause 13.9. 

  

	14.2	The Executive shall be required upon written request of the Company on termination of her engagement howsoever occasioned or upon a notice of termination being served by either
party (whichever is earlier) (“the Written Request”) give written notice resigning with immediate effect as a director or trustee or from any other office she may hold from time to time with the Company and/or any Group Company or arising
from her engagement by the Company and/or any Group Company without any further compensation. 

  

	14.3	If such notice as is referred to in Clause 14.2 has not been received by the Company or such Group Company within seven days of the Written Request the Secretary of the Company from
time to time is hereby authorised to appoint any person in the Executive’s name and on her behalf to execute any documents and to do all acts necessary to effect the Executive’s resignation as set out in Clause 14.2.

  
 15 Inventions and Improvement 
  

	15.1	 It shall be part of the normal duties of the Executive at all times to consider in what manner and by what new methods any devices, products, services, processes,
equipment or systems of the Company and each Group Company might be improved and promptly to give to the Board full details of any invention, discovery, design, improvement or other matter or work whatsoever in relation thereto (“the
Inventions”) which she may from time to time make or discover during her engagement hereunder and to further the interests of the Company with regard thereto and the Executive hereby acknowledges and 

  

 9 

	 	 
agrees that the sole ownership of the Inventions and all proprietary rights therein discovered or made by her (whether alone or jointly with others) at any
time during her engagement hereunder shall (subject to any contrary provisions of the Patents Act 1971 and the Copyright Design and Patents Act 1988 and to any rights of a joint inventor thereof) belong free of charge and exclusively to the Company
or as it may direct provided that the provisions of this clause will not apply to any material produced by the Executive which is not produced in the normal course of her duties and which do not relate to the improvement of the Company’s or any
Group Company’s interests. 

  

	15.2	Subject to Clause 15.1 all records, documents, papers (including all copies and summaries thereof) copyright protected works made or acquired by the Executive in the course of her
employment, together with all worldwide copyright and design rights in all the Inventions, shall be and remain the property of the Company. 

  

	15.3	For the avoidance of doubt the Executive irrevocably and unconditionally waives all rights granted by Chapter IV of Part I of the Copyright Designs and Patents Act 1988 that vests
in the Executive the authorship of any copyright works in respect of the Inventions by the Executive in the course of her employment with the Company or any Group Company including without limitation the right to be identified as the author of any
such works the right not to have any such works subjected to derogatory treatment. 

  

	15.4	The Executive hereby agrees (at any time during her employment or thereafter and at the Company’s expense) to do all such acts and things (including without limitation making
application for letters patent) as the Board may reasonably request to vest effectually any Invention (whether owned by the Company in accordance with Clause 1 15.1 or owned by the Executive) and any protection as to ownership or use (in any part of
the world) of the same in the Company or in any Group Company or as it may direct, jointly if necessary with any joint inventor thereof; and the Executive hereby irrevocably appoints the Company for the purposes aforesaid to be her attorney in her
name and on her behalf to execute and do any such documents, acts and things aforesaid. 

  

	15.5	The Executive shall not knowingly do or omit to do anything which will or may have the result of imperiling any such protection aforesaid or any application thereof.

  

	15.6	Should the Executive during her engagement hereunder make any Inventions that do not belong to the Company by reason of the Patents Act 1977 or otherwise, the Executive shall
forthwith license or assign (as determined by the Company) to the Company all the Executive’s rights in relation to such Invention and will deliver to the Company all documents and other materials relating thereto whereupon the Company shall
pay the Executive such compensation as is provided in Section 40 of the Patents Act 1977. 

  

 10 

 16 Confidential and Business Information 
  

	16.1	Upon the termination of the Executive’s engagement (howsoever occasioned) the Executive (or as appropriate her personal representatives) shall forthwith deliver to the Company
(without retaining copies of the same) all plans, designs, specifications. price lists, lists of customers and suppliers, correspondence, manuscripts, records (in whatever medium), documents, accounts and papers of any description, any other
property of the Company or any Group Company, notes, memoranda, records and writings made by the Executive relating to the business of the Company or any Group Company within the possession or under the control of the Executive (or as appropriate
her personal representatives) relating to the affairs and business of the Company or any Group Company. 

  

	16.2	The Executive hereby undertakes to the Company (for itself and as trustee for each Group Company) that (save as expressly required by law) neither during the course of her
employment (except in the proper performance of her duties) nor at any time after the termination of this Agreement howsoever occasioned, will she directly or indirectly: 

  
 (a) use for her own purposes or those of any other person, company, business entity or other organisation whatsoever, or

  
 (b) disclose to any person, company, business entity or other
organisation whatsoever 
  
 any trade secrets or confidential
information relating or belonging to the Company or Group Company including but not limited to any such information relating to customers, customer lists or requirements, price lists or pricing structures, marketing and sales information, business
plans or dealings, employees or officers, financial information and plans, designs, formulae, product lines, research activities, any document marked ‘confidential’, or any information which the Executive has been told or is aware is
confidential or which she might reasonably expect the Company or any Group Company would regard as confidential, or any information which has been given to the Company or any Group Company in confidence by customers, suppliers or other persons and
that she shall use her best endeavours to prevent the publication or disclosure of any information concerning such matters. 
  

	16.3	The obligations contained in Clause 16.2 shall cease to apply to any information or knowledge which may subsequently come into public domain after the termination of the
Executive’s employment other than by way of unauthorised disclosure. 

  

	16.4	 The Executive shall only make such statements or enter into any communication with any representative of the press, television, radio or other media relating to any
aspect of the business of the Company or any Group Company as is or are necessary during the normal course of her duties 

  

 11 

	 	 
hereunder and which accord with her obligations at Clause 3.2 hereof to promote the interests and welfare of the Company. 

  
 17 Non-Competition 
  

	17.1	Notwithstanding termination of this Agreement, the Executive hereby covenants and undertakes with the Company (for itself and as trustees for each other Group Company) and so that
each covenant and undertaking below shall be a further and separate and severable obligation and without prejudice and in addition to all other like obligations already or hereafter so undertaken by the Executive that: 

  
 (a) she shall not during her engagement hereunder be directly or indirectly
engaged, concerned or interested whether as principal, employee, agent, consultant or otherwise in any trade occupation or business which in the reasonable opinion of the Board is or is likely to be in competition with the business from time to time
of the Company or any Group Company 
  
 (b) she shall not during
her engagement hereunder and for a period of 12 months following the Termination Date and whether solely or jointly with or as manager, agent, officer, employee or otherwise for any person, firm, or corporation directly or indirectly without the
consent in writing of the Board be engaged in or interested in or perform services in respect of or be concerned with: 
  
 (i) any business which is the same as or similar to or competes in any way with any Relevant Business 
  
 (ii) the sale of goods or provision of services of a kind supplied by the
Company or any Group Company in connection with the Relevant Business, to Customers for such goods or services 
  
 provided always that the provisions of this clause shall apply only in respect of goods or services with which the Executive was either personally
concerned or for which she was directly responsible whilst engaged hereunder or during the Relevant Period 
  
 (c) she shall not during her engagement hereunder and for a period of 12 months following the Termination Date whether solely or jointly with or as
manager, agent, officer, employee or otherwise for any other person, company, firm, or corporation or directly or indirectly: 
  
 (i) solicit or assist in soliciting in competition with the Company the custom or business of any Customer with whom the Executive has had personal
contact or dealings on behalf of the Company or any Group Company during the Relevant 

  

 12 

 
Period and/or with whom employees reporting to the Executive have had personal contact or dealings on behalf of the Company or any Group Company during the
Relevant Period 
  
 (ii) accept, or facilitate the acceptance
of, or deal with, in competition with the Company the custom or business of any Customer with whom the Executive has had personal contact or dealings on behalf of the Company or any Group Company during the Relevant Period and/or with whom employees
reporting to the Executive have had dealings on behalf of the Company or any Group Company during the Relevant Period. 
  
 (iii) endeavour to procure the supply of goods or services from any person, firm or company which during the Relevant Period has been a supplier of goods
or services in connection with any Relevant Business to the Company or Group Company where such supply may have an adverse effect on or cause loss to the Company or such Group Company 
  
 (iv) knowingly or recklessly do or say anything which is or is calculated to be prejudicial to the interests of the Company
or any Group Company or its business or which results or may result in the discontinuance of any contract or arrangement or benefit to the Company or any Group Company 
  
 (d) she shall not for a period of 12 months after the Termination Date offer to employ or engage under a contract for
services or endeavour to entice away or solicit away from the Company or any Group Company or interfere with any person who during such period is or during the Relevant Period was employed by the Company or of any Group Company and with whom the
Executive had personal contact or had dealt with during the Relevant Period whether or not the said employee would be in breach of her contract of employment with the Company or of any Group Company 
  
 provided always that nothing above provided in this Clause 17 shall prohibit
the Executive (i) from being the holder of not more than three per cent of any class of stock, shares or debentures or other securities in any company which is listed and/or dealt in on The London Stock Exchange, the Alternative Investment
Market or any other stock exchange, or (ii) from being interested as a shareholder or director only in such companies as the Board from time to time in writing agrees such agreement not to be unreasonably withheld or withdrawn for so long as
such interests of the Executive or any of them shall not prejudice the business interests of the Company or of any Group Company and for so long as the Executive shall during her engagement hereunder comply with the provisions of this Clause 17.

  

 13 

	17.2	The Executive also covenants and undertakes with the Company (for itself and as trustee for each Group Company) as a further and separate and severable obligation aforesaid that:

  
 (a) she will not during the term of her
engagement with the Company without the prior approval of the Board introduce to any other person firm or company business of any kind which could appropriately be dealt with by the Company or any Group Company and she will not have any financial
interest in or derive any financial benefit from contracts made by the Company or any Group Company with any third party without first disclosing such interest or benefit to the Board in writing and obtaining its written approval thereto, and

  
 (b) save in the proper performance of her duties hereunder,
she will not directly or indirectly during her engagement hereunder or thereafter make use of any corporate or business name which is identical or similar to or likely to be confused or associated with any corporate or business or brand name of the
Company or any Group Company or which might suggest a connection with the same, and 
  
 (c) she will not after the Termination Date represent or otherwise indicate any present association with the Company or any Group Company or for the purpose of carrying on any business claim, represent or otherwise
indicate any past association with the Company or any Group Company. 
  

	17.3	For the purposes of Clauses 16 and 17 only, a Group Company shall mean a Group Company as defined in Clause 1 and for which the Executive shall have rendered services in an
employment or consultancy capacity or of the affairs of which she shall have gained knowledge at any time during her engagement hereunder/during the Relevant Period 

  

	17.4	The restrictions contained in this Clause 17 and in Clause 16 are considered reasonable by the parties but in the event that any such restrictions shall be found to be void but
would be valid if some part thereof were deleted or the period or area of application reduced such restrictions shall apply with such modification as may be necessary to make them valid and effective. 

  

	17.5	The undertakings and covenants contained in this Clause 17 and Clause 16 shall be directly enforceable by the Company or any Group Company enjoying the benefit thereof and the
Company may also enforce the same for the benefit of any Group Company as well as for its own benefit. 

  

	17.6	 The Company agrees that in the event of the Executive receiving from any person, company, business entity or other organisation an offer of employment either during
the continuance of this Agreement or during the continuance in force of any of the restrictions set out above, the Executive in her sole discretion may provide to such person, company, business entity or other 

  

 14 

	 	 
organisation making such offer of employment a full and accurate copy of this Agreement signed by the parties hereto without breaching by such disclosure any
duty of confidentiality to the Company. 

  
 18 Insurance

  
 The Executive hereby covenants with the Company on behalf of herself and her
personal representatives at all times fully and effectively to comply with the terms of any insurance policy taken out by any Group or the Company on her life and further undertakes to cooperate fully and assist the Company or the relevant Group
Company in relation to any claims made or to be made in connection therewith (including without limitation submitting to a medical examination) notwithstanding that this Agreement has been terminated or has come to an end. 
  
 19 Grievance Procedure 
  
 Pursuant to Section 1(4) of the Employment Protection (Consolidation) Act 1978 the Company hereby notifies the Executive that in the
event of the Executive wishing to seek redress of any grievance relating to her engagement she should write to the Chairman of the Board setting out full details of the matter and the Executive shall promptly answer (in writing if required) such
questions (if any) as are put to her by any member of the Board. A majority decision of the Board on such matter shall be final and binding and will be communicated to the Executive in writing. 
  
 20 Reconstruction or Amalgamation 
  
 If this Agreement is terminated because of the liquidation of the Company for the purpose of
amalgamation or reconstruction or if a third whole or substantially the whole of the undertaking and assets of the Company and the Executive is offered employment with such amalgamated or reconstructed company or third party on terms which taken as
a whole are not less favorable in all material respects than the terms of this Agreement the Executive shall have no claim against the Company in respect of such termination. 
  
 21 Notices 
  

	21.1	Any notice given or required hereunder may be served by personal delivery or facsimile transmission or by leaving the same at or by sending the same through the post addressed in
the case of the Company to its registered office from time to time and in the case of the Executive to her aforesaid address or if the Executive is engaged on business of the Company abroad at such address as the Executive shall notify to the
Company for this purpose. 

  

 15 

	21.2	Any notice sent by post shall be deemed to have been served twenty-four hours after the time of posting by first class mail or forty-eight hours in the case of a notice sent to an
Executive abroad and service thereof shall be sufficiently proved by proving that the notice was duly dispatched through the post in a prepaid envelope addressed as aforesaid. Any notice sent by facsimile transmission shall be deemed served
twenty-four hours after the time when, in the ordinary course of transmission, it would have been received. 

  
 22 Extent and Subsistence of Agreement 
  

	22.1	This Agreement is in substitution for any previous contracts of employment between the Company or any Group Company and the Executive which shall be deemed to have been terminated
by mutual agreement from the date hereof and the Executive acknowledges and warrants that there are no agreements or arrangements whether written oral or implied between the Company or any Group Company and the Executive relating to the engagement
of the Executive other than those expressly set out in this Agreement and that she is not entering into this Agreement in reliance on any representation not expressly set out herein save the Executive shall be entitled to be indemnified by the
Company in respect of any such liability as is mentioned in Article 118 of Table A of the Companies Act 1985 as incorporated into the Articles of Association of the Company. 

  

	22.2	The expiration or determination of this Agreement howsoever arising shall not operate to affect such of the provisions hereof as in accordance with their terms are expressed to
operate or have effect or are capable of operation or effect thereafter. 

  
 23 Joint Appointment 
  
 The Company shall be at liberty from time to
time to appoint any other person or persons to act jointly with the Executive. 
  
 24 Warranty 
  
 The Executive warrants that by virtue of entering into
this Agreement she will not be in breach of any express or implied terms of any contract with or of any obligation to any third party binding upon her. 
  

 16 

 25 Credit Card 
  
 Where the Company issues a company sponsored credit or charge card to the Executive she shall: 
  
 (a) use such card only for expenses reimbursable under Clause 11.2 
  
 (b) report any loss of such card to the Board without delay, and 

 
 (c) return it to the Company forthwith on the termination of her
employment in accordance with Clause 16.1. 
  
 26 Medical Examination 

 
 At any time during the period of her appointment the Executive shall at the reasonable
request and expense of the Company permit herself to be examined by the Company doctor or a registered medical practitioner appointed by the Company and shall authorise the doctor or medical practitioner to disclose to and discuss with the Company
any results of such examination which might hinder or prevent the Executive properly performing any duties of her appointment. 
  
 IN WITNESS whereof a duly authorised representative of the Company has executed this Agreement and the Executive has executed this Agreement as her Deed on the date of
this Agreement. 
  

			
		
	SIGNED by:	 	/s/    J. CONBLE        
	 for and on behalf of: Minidoc Limited

	
	 in the presence of:

		
	 Witness signature
	 	/s/    COLIN C. COFFUA        
	 Witness name
	 	Colin C. Coffua
	 Witness Address
	 	113 Edinburgh South, Suite 100, Cary, NC 27511
	 Witness Occupation
	 	VP, Global Sales & Marketing

  

			
	 SIGNED as a Deed by the said Rachael King

		
	 in the presence of:
	 	/s/    RACHAEL KING        
		
	 Witness signature
	 	/s/    COLIN C. COFFUA        
	 Witness name
	 	 
	 Witness Address
	 	 
	 Witness Occupation
	 	 

  

 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]