Document:

TO:   Peter Millones

DATE: February 9, 2001

FROM: Jeff Boyd

Congratulations on your promotion to Acting General Counsel. As a result of your
promotion we are pleased to increase your base salary to $200,000 and issue a
stock option grant in the amount of 200,000 shares.

Your strike price will be $2.6875 per share, which is based on the NASDAQ close
on 2/07/01 (grant date will be 2/08/01). You will vest one-half of your options
on August 08, 2001, and the balance monthly thereafter over 18 (eighteen) months
for a total two-year vesting schedule. Stock option grants will be posted on our
plan administrator's (AST) web site within 60 days of the grant award.

In addition, upon the occurrence of a Change in Control (as such term is defined
in the 1999 Omnibus Plan), your options will become fully exercisable and vested
on the date that is six (6) months from the date of the Change in Control;
provided that you are (a) employed by the Company on the date of the Change in
Control and (b) employed by the Company on the date that is six (6) months from
the date of the Change in Control. In the event that you are terminated by the
Company without Cause (a) in anticipation of a Change of Control, or (b) within
six (6) months following a Change in Control, your options will become fully
exercisable and vested and will remain exercisable until the date that is six
(6) months after such termination, on which date they shall expire.

We ask that you keep this award confidential since it is part of your total
compensation and unique to you.

Please be aware that this is an additional grant and does not affect any option
grants that you received earlier or the vesting schedule for those shares. Also
the foregoing vesting schedule, including the accelerated vesting in the event
of a Change in Control, is different from the vesting schedule provided for in
the 1999 Omnibus Plan and, as a result, is subject to the approval of the
Compensation Committee.

In addition, the company will provide for severance protection in the event of
termination without cause or for good reason as follows:

      If (i) you terminate your employment with the priceline.com Incorporated
(the "Company") for Good Reason or (ii) your employment with the Company is
terminated by the Company without Cause, you shall be entitled to receive, (A)
over a period of twelve (12) months after such termination an amount equal to
one (1) times the sum of your Base Salary and target bonus (excluding any
retention related incentive), if any, for the year in which such termination
occurs (provided, however, in the event that the Base Salary or target bonus, if
any, has been decreased in the twelve (12) months prior to the termination, the
amount to be used shall be the highest Base Salary and target bonus (excluding
any retention related incentive), if any, during such twelve (12) month period);
(B) any Accrued Amounts (as defined below) at the date of termination; (C) any
other amounts or benefits owing to you under the then applicable employee
benefit, long term incentive or equity plans and programs of the Company, which
shall be paid or treated in

<PAGE>

accordance with the terms of such plans and programs; (D) continuation of the
benefits (including without limitation to health, life, disability and pension)
for twelve (12) months after employment is terminated as if you were an employee
of the Company for twelve (12) months, and (E) if a bonus plan is in place, the
product of (x) the target annual bonus for the fiscal year of your termination,
multiplied by (y) a fraction, the numerator of which is the number of days of
the current fiscal year during which you were employed by the Company, and the
denominator of which is 365, which bonus shall be paid when bonuses for such
period are paid to the other executives.

      A termination for Good Reason means a termination by you by written notice
given within ninety (90) days after the occurrence of the Good Reason event,
unless such circumstances are fully corrected prior to the date of termination
specified in the Notice of Termination for Good Reason (as defined below).

      A "Notice of Termination for Good Reason" shall mean a notice that shall
indicate the specific termination provision specified in the definition of Good
Reason below relied upon and shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination for Good Reason. Your
failure to set forth in the Notice of Termination for Good Reason any facts or
circumstances which contribute to the showing of Good Reason shall not waive any
of your rights hereunder or preclude you from asserting such fact or
circumstance in enforcing your rights hereunder. The Notice of Termination for
Good Reason shall provide for a date of termination not less than ten (10) nor
more than sixty (60) days after the date such Notice of Termination for Good
Reason is given.

      "Accrued Amounts" shall mean any compensation earned but not yet paid,
including and without limitation, any bonus if declared or earned but not yet
paid for a completed fiscal year, any amount of Base Salary earned but unpaid,
any accrued vacation pay payable pursuant to the Company's policies, and any
unreimbursed business expenses.

      "Cause," as used in this Agreement, shall be limited to (i) willful
misconduct by you with regard to the Company which has a material adverse effect
on the Company; (ii) your willful refusal to attempt to follow the proper
written direction of the Board of Directors, the Chief Executive Officer, or the
Chief Operating Officer of the Company, provided that the foregoing refusal
shall not be "Cause" if you in good faith believe that such direction is
illegal, unethical or immoral and promptly so notify the Board, the Chief
Executive Officer, or the Chief Operating Officer of the Company (whichever is
applicable); (iii) substantial and continuing willful refusal by you to attempt
to perform the duties required of you hereunder (other than any such failure
resulting from incapacity due to physical or mental illness) after a written
demand for substantial performance is delivered to you by the Board, Chief
Executive Officer, or the Chief Operating Officer of the Company which
specifically identifies the manner in which it is believed that you have
substantially and continually refused to attempt to perform your duties
hereunder; or (iv) your being convicted of a felony (other than a felony
involving a traffic violation or as a result of vicarious liability). For
purposes of this paragraph, no act, or failure to act, on your part shall be
considered "willful" unless done or omitted to be done, by you not in good faith
and without reasonable belief that your action or omission was in the best
interests of the Company.

      "Good Reason," as used in this Agreement, shall mean the occurrence or
failure to cause the occurrence, as the case may be, without your express
written consent, of any of the following circumstances: (i) material demotion
(except in connection with the termination of your employment for Cause or as a
result of your death, or temporarily as a result of your illness or other
absence), (ii) a relocation of the Company's executive office in Connecticut to
a location more than thirty-five (35) miles from its current location or more
than thirty-five (35) miles further from your residence at the time of
relocation; (iii) any material

<PAGE>

breach by the Company of any provision of this Agreement; or (iv) failure of any
successor to the Company (whether direct or indirect and whether by merger,
acquisition, consolidation or otherwise) to assume in a writing delivered to you
upon the assignee becoming such, the obligations of the Company hereunder.

Once again, congratulations on your new role. I am confident that this will be a
challenging and rewarding opportunity for you.

Warm regards,

Jeff BoydEXHIBIT #10.8

                                       18
<PAGE>

                            THE ARISTOTLE CORPORATION
                                  27 ELM STREET
                           NEW HAVEN CONNECTICUT 06510

                                    February 1, 2001

Paul McDonald
21 Pent Road
Weston, Connecticut 06883

Dear Paul:

We are pleased that you have decided to remain as the Vice President and Chief
Financial Officer of The Aristotle Corporation (the "Company"). This letter
(hereafter, "Agreement") will serve to memorialize some of the terms of your
employment by the Company.

I.       EMPLOYMENT. You shall be employed by the Company as its Vice President
and Chief Financial Officer. During your employment you will devote your full
time efforts and attention to the business and affairs of the Company and
perform such duties as may be assigned to you by the President or the Board of
Directors of the Company. The duties assigned to you shall be of a material
nature appropriate to your position as an officer of the Company.

II.      TERM; TERMINATION.

         A. Your employment hereunder shall commence as of the Effective Date
and shall continue until December 31, 2003 (the "Expiration Date") unless sooner
terminated as provided herein.

         B. The Company may terminate your employment (1) without cause on not
less than thirty (30) days' prior written notice or (2) for good cause (as
defined in Paragraph VI below).

         C. You may terminate your employment with the Company (1) at any time
after January 1, 2002 for any reason on not less than thirty (30) days' prior
written notice or (2) at any time during the term of this Agreement due to the
material breach of this Agreement by the Company in the event that the Company
does not cure such breach within thirty (30) days of its receipt of written
notice from you setting forth the nature of the breach and your intent to
terminate the Agreement pursuant to this Paragraph.

III.    COMPENSATION. Your base salary will be One Hundred Fifty Thousand
Dollars ($150,000) per annum (the "Base Salary") payable in equal semi-monthly
installments. You shall be entitled to such stock options and bonuses as the
Board of Directors in its sole discretion shall award, including the phantom
stock rights ("Rights") described in Paragraph IV below.

                                       19
<PAGE>

IV.      PHANTOM STOCK OPTIONS.

         A. GRANT; VESTING; CASH OUT. The Company hereby grants you 30,000
Rights, of which 10,000 shall vest on January 1, 2002. Thereafter, 2,500 Rights
shall vest at the end of each calendar quarter until a total of 30,000 have
vested on December 31, 2003. If your employment is terminated by the Company
prior to the Expiration Date for any reason other than for good cause, of if you
terminate employment because of a material breach by the Company, all 30,000
Rights shall vest immediately and you shall have the option of choosing to cash
out the Rights at the end of any subsequent calendar quarter up to and including
June 30, 2004. If you voluntarily terminate your employment with the Company
prior to the Expiration Date, you may cash out the number of shares then vested
at the end of either of the next two calendar quarters. If your employment is
terminated on the Expiration Date, you shall have the right to cash out the
Rights at the end of either of the next two calendar quarters following the
Expiration Date.

         B. PURCHASE PRICE. Rights shall be cashed out by the Company paying to
you the difference between Seven Dollars ($7.00) and the fair market value price
of the Company's common stock (the "Purchase Price"). Fair market value shall be
calculated by averaging the closing price for the ninety (90) days immediately
prior to the date of the cash out election if such average closing price is
greater than $7.00 for such period. If the average closing price for such period
is less than $7.00, no payment will be made.

         C. PAYMENT OF THE PURCHASE PRICE; CLOSING. After the fair market value
has been determined, if you still desire to exercise your option pursuant to
Paragraph IV.A above, then you shall give the Company notice that you are
exercising such option (the "Notice of Exercise"). Upon the giving of the Notice
of Exercise, you shall be obligated to exercise the Rights and the Company shall
be obligated to deliver the Purchase Price at a closing to be held at the
principal office of the Company within thirty (30) calendar days after the
sending of the Notice of Exercise. The Company shall deliver the amount payable
to you in United States dollars by certified or bank check or by the wire
transfer of immediately available federal funds.

         D. NATURE OF RIGHTS. The Rights are solely a device for the measurement
and determination of the amount to be paid to you. The Rights shall not
constitute or be treated as property or as a trust fund of any kind. All amounts
at any time attributable to the Rights shall be and remain the sole property of
the Company and your rights hereunder are limited to the rights to receive cash
or property as provided in this Agreement. Neither you nor any person entitled
to exercise the Rights shall have any rights as a stockholder with respect to
the Rights.

         E. RECAPITALIZATION.  In the event of a stock split, stock dividend,
reclassification, reorganization, or other capital adjustment of shares of the
Company's capital stock, the number of Rights granted hereunder and the price
thereof, shall be adjusted in the same manner as shares of the Company's capital
stock reflected by those Rights would be adjusted.

V.       BENEFITS.  You shall be entitled to the same benefits (i.e., vacation,
sick time, 401k retirement, disability, life and health insurance) as were
provided to you under the terms of your employment arrangement with the Company
in effect immediately prior to the Effective Date.

                                       20
<PAGE>

VI. SEVERANCE. If you voluntarily terminate your employment after January 1,
2002 but prior to the Expiration Date, you shall be entitled to receive as
severance the lesser of one year's Base Salary or Base Salary for the remaining
term of this Agreement, payable as a lump sum. In the event that your employment
is terminated by the Company for any reason other than good cause (as defined
below) or if you terminate your employment due to the material breach hereof by
the Company, you shall be entitled to receive, as severance, an amount equal to
the present value of the Base Salary that would have been paid to you from the
date of such termination through the Expiration Date, discounted at an annual
rate of seven percent (7%), payable as a lump sum. For purposes of this
Agreement, a finding of "good cause" shall be made by the Board of Directors in
good faith and shall mean only the following:

         A.       willful misconduct, in the course of your employment,

         B.       gross negligence, to the material detriment of the Company in
                  carrying out your duties as an employee, or

         C.       conviction of a crime or any other similar activity which will
                  have a materially adverse effect on the business or reputation
                  of the Company or you.

                  For purposes of this definition, all references to commissions
                  of acts shall be deemed to include omissions to take actions
                  necessary or appropriate under the circumstances.

VII. CONFIDENTIAL INFORMATION. During the course of your employment, you will
have access to certain confidential information, including but not limited to
certain business plans or prospects, records, files, memoranda, reports and the
like, concerning the Company and its business or prospective businesses, or
disclosed to the Company by others under an obligation of the Company to hold
the same confidential ("Confidential Information"). You shall hold all
Confidential Information as property of the Company and hereby agree to maintain
Confidential Information as confidential. At such time as your employment by the
Company is terminated, you agree to promptly return to the Company, at its
request, all Confidential Information (and any copies, reproductions, digests,
abstracts or the like of such Confidential Information), including any material
stored on computer disks or tapes, in your possession or control and to destroy
any computer entries or storage files relating thereto. You hereby agree that
you will not, during the term of your employment with the Company or afterwards,
use the Confidential Information for yourself or for others (other than the
Company), copy such information or disclose it to any person or entity;
PROVIDED, THAT after the termination of your employment with the Company, the
foregoing restrictions shall not apply to Confidential Information which, at the
time of its disclosure by you, is public knowledge through no action or omission
by you or on your behalf and which has not been disclosed to the public by any
third party in violation of any obligation to maintain its confidentiality.

VIII. NON-COMPETITION. For one year after the voluntary termination of your
employment, you shall not, other than on behalf of the Company or its affiliates
and except as a passive investor in less than 5% of the securities of a
publicly-held company, directly or indirectly, own, manage, operate, control or
participate in the ownership, management, operation or control of, serve as an
officer, director, partner, employee, agent, consultant, advisor, developer or
in any similar capacity with, or have any financial interest in, or aid or
assist anyone else in, the conduct of, any business or business activity which
is competitive with any operating business which the Company is involved in, in
any

                                       21
<PAGE>

jurisdiction in which the Company conducts or solicits business. As used in
this Paragraph VIII, the "Company" shall include any entity that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or
is under common control with, the Company.

IX. REMEDIES. You recognize and agree that the Company will suffer irreparable
harm as a result of a breach by you of Paragraphs VII or VIII of this Agreement
for which money damages would be inadequate. Accordingly, in the event of any
actual or threatened breach by you of any of such provisions, the Company shall,
in addition to any other legal remedies permitted by applicable law, be entitled
to equitable remedies, including, without limitation, specific performance, a
temporary restraining order or a permanent injunction, in any court of competent
jurisdiction to prevent or otherwise restrain a breach hereof without the
necessity of proving damages and to recover all costs and expenses, including,
without limitation, reasonable attorneys' fees, incurred in enforcing this
Agreement. Such relief shall be in addition to and not in substitution for any
other remedies available to the Company. You further acknowledge and agree that
the provisions of Paragraphs VII or VIII of this Agreement are reasonable, both
with respect to length of duration and geographic scope and scope of restricted
activities. You and the Company mutually agree that the provisions of this
Agreement are severable and separate and that the unenforceability of any
specific provision shall not affect the validity of any other provision hereof.
In the event that a court of competent jurisdiction should determine that the
time or geographic restrictions or scope of restricted activities are
unreasonable in their scope, then, and in that event, the parties hereby
authorize and empower such court to insert reasonable limitations and enforce
the restrictions in accordance therewith so as to achieve as nearly as possible
the business purpose and intent of such restrictions.

X. MISCELLANEOUS. This Agreement shall inure to the benefit of the Company, its
successors, assigns and designees, and is binding upon your assigns, executors
and administrators and other legal representatives. This Agreement may not be
assigned by either party without the consent of the other party. This Agreement
shall be governed by and interpreted in accordance with the laws of the State of
Connecticut. Other than seeking a temporary restraining order or permanent
injunction to enforce your obligations under Paragraphs VII or VIII hereof any
dispute in connection with this contract or related to or arising out of your
employment with the Company shall be submitted to binding arbitration in
Bridgeport, Connecticut before a single arbitrator under the rules of the
American Arbitration Association.

                                       22
<PAGE>

Please acknowledge your acceptance of the foregoing in the space provided below.

                                  THE ARISTOTLE CORPORATION

                                  /s/John Crawford
                                  -------------------------------------------
                                  By: John Crawford
                                  Its: Chief Executive Officer, President and
                                  Chairman of the Board

Accepted by:

/s/ Paul Mcdonald
------------------------
    Paul McDonald

                                       23

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