Document:

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EXHIBIT 10(n)

DEED OF RELEASE

	 	 	 
	DEED dated

	 	27 May 2005
	 
	 	 
	BETWEEN:

	 	JOHN DOUMANI of Hampden Avenue, Darling Point, New South Wales,
Australia (‘Employee’)
	 
	 	 
	AND:

	 	ARNOTT’S BISCUITS LTD (ACN 008 435 729) a company incorporated
in the Australian Capital Territory of Australia of 24 George
St, North Strathfield, New South Wales, Australia (‘Company’)
	 
	 	 
	AND:

	 	CAMPBELL SOUP COMPANY a company incorporated in New Jersey, USA
of 1 Campbell Place, Camden, New Jersey 08103-1701 USA
(‘Campbell Soup Company’)

RECITALS

	A.	 	The Company is a Related Company (as defined below) of the Campbell Soup Company.
	 
	B.	 	The Employee was employed by the Company as Managing Director of the Campbell Soup Company’s
business interests in Australasia and PNG, under an employment contract signed by the Employee
on 22 December 1998.
	 
	C.	 	The Employee signed a Deed of Agreement, Trade Secrets and Confidential Information in favour
of the Campbell Soup Company and its Related Companies (including the Company) on 22 December
1998.
	 
	D.	 	The Employee signed a Non Qualified Stock Option and Non Competition Agreement with the
Campbell Soup Company on 22 March 1999.
	 
	E.	 	The Employee was appointed to the role of President, International of the Campbell Soup
Company on 26 September 2002 and continues to be employed by the Company in that role.
	 
	F.	 	The Annual Base Salary of the Employee is A$784,722.
	 
	G.	 	The Campbell Soup Company, Company and the Employee have agreed to terminate the Employee’s
employment with the Company on the terms set out in this Deed.

AGREEMENT

	1.	 	Definitions
	 
	 	 	‘Beneficiaries’ means the Company, the related bodies corporate of the Company (as defined
in the Corporations Act 2001 as at the date of this Deed)
(‘Related Companies’), the
current and former directors, officers, employees, agents and contractors of the Company
and Related Companies.
	 
	 	 	‘Circumstances’ means any or all present and future Claims touching upon the matters
recited, the Employment, the terms of the Employment, the Employee’s role as a corporate
officer and an executive officer of the Campbell Soup Company and the termination of the

 

 

	 	 	Employment, except for Claims for workers’ compensation.
	 
	 	 	‘Claims’ includes any action, application, arbitration, cause of action, complaint, cost,
debt due, demand, determination, inquiry, judgment and verdict:

	 	(a)	 	at law;
	 
	 	(b)	 	in equity;
	 
	 	(c)	 	arising under any statute; or
	 
	 	(d)	 	arising under any award, enterprise agreement or other instrument made or
approved under any law.

	 	 	‘Employment’ means the Employee’s employment with the Company.
	 
	 	 	‘Group Company’ means the Company and its Related Companies.
	 
	2.	 	Termination of Employment
	 
	2.1	 	Subject to the remainder of this clause, the Employee’s employment with the Company will
terminate on 30 September 2005 (‘Termination Date’).
	 
	2.2	 	The Company may require the Employee not attend for work at any time prior to the Termination
Date and the Employee acknowledges that his full obligations as an employee continue during
such time (including, without limitation, his duty of fidelity and his obligations under this
Deed).
	 
	2.3	 	This clause does not affect the Company’s right to terminate the Employee’s employment for
serious and wilful misconduct.
	 
	2.4	 	The Company and the Campbell Soup Company agree that despite the termination of the
Employment, the Employee remains eligible to participate in the Campbell Soup Company Annual
Incentive Plan for the fiscal year ending 31 July 2005, provided that:

	 	(a)	 	any award made to the Employee will be determined in accordance with the
terms of the Campbell Soup Company Annual Incentive Plan; and
	 
	 	(b)	 	the quantum of any award is subject to a number of factors including, but not
limited to, the performance of the Campbell Soup Company and its Related Companies and
Employee’s individual work performance, as determined by the Compensation and
Organisation Committee of the Campbell Soup Company.

	2.5	 	The Employee agrees that he is not entitled to participate in the Campbell Soup Company
Annual Incentive Plan for the fiscal year ending 30 July 2006 or any subsequent year.
	 
	3.	 	Obligations of the Company
	 
	3.1	 	The Company must:

	 	(a)	 	pay to the Employee within seven (7) days of the Termination Date, the
greater of:

 

 

	 	(i)	 	any accrued and unused annual leave and long service leave
in accordance with the applicable legislation;
	 
	 	(ii)	 	three (3) months of the Employee’s base salary inclusive
of, and in complete satisfaction of, his entitlements to annual leave and
long service leave.

	 	(b)	 	provide the Employee with an executive level outplacement program to a total
cost to the Company of up to A$20,000 which Employee will be able to access within the
period of six (6) months after the Termination Date.

	3.2	 	If (regardless of whether, or to what extent, clause 7 is enforceable) the Employee has not
engaged in any Proscribed Conduct anywhere in the World at any time between the date of this
Deed and the 1st day of the month in which payment is due and has otherwise
complied with clause 7, then the Company will pay the Employee:

	 	(a)	 	the gross amount of his monthly base salary in each month from October 2005
until February 2007 (inclusive); and
	 
	 	(b)	 	provided the Australian Tax Office determines that all payments made pursuant
to clause 3.2(a) are not eligible termination payments (‘ETP’) and fall within the
exclusion of ETP in section 27A(1) of the Income Tax Assessment Act 1936
(‘Exclusion’), a gross amount of A$73,735 payable on 1 February 2007, as a
contribution towards the Employee’s liability for additional tax by reason of the fact
that the payments fall within the Exclusion.

	 	 	Tax will be deducted from the payments described in clauses 3.2(a) and 3.2(b) as required
by law.
	 
	3.3	 	In this clause 3, ‘Proscribed Conduct’ means conduct of the type described in clause 7.1.
	 
	4.	 	Obligations of Employee
	 
	 	 	Employee must:

	 	(a)	 	bear his own legal and other costs, if any;
	 
	 	(b)	 	ensure an efficient and orderly hand over of his Employment responsibilities,
files and work to persons nominated by the Campbell Soup Company; and
	 
	 	(c)	 	upon termination of his Employment (however occurring), immediately deliver
up to the Company all property belonging to any Group Company which is in the
Employee’s possession or control.

	5.	 	Release
	 
	5.1	 	The Employee releases the Beneficiaries from the Circumstances.
	 
	5.2	 	Nothing in clause 5.1 restricts the right of the Employee to exercise such rights as he has
under the express written terms of any Campbell Soup Company Option and Share Plans in which
he participates (as such Plans are at the date of this Deed or as varied subsequently in
accordance with their terms).

 

 

	6.	 	Confidentiality
	 
	6.1	 	Subject to clause 6.2, the Employee, the Campbell Soup Company and the Company must keep this
Deed and the settlement recorded in it confidential and must not disclose them to any other
person.
	 
	6.2	 	Despite clause 6.1, Employee, the Campbell Soup Company and the Company may disclose this
Deed and the settlement recorded in it:

	 	(a)	 	if required by law;
	 
	 	(b)	 	to enforce this Deed;
	 
	 	(c)	 	to obtain professional legal or accounting advice; or
	 
	 	(d)	 	to the Australian Taxation Office.

	7.	 	Restraint on Employee’s Conduct
	 
	7.1	 	During his Employment and the Restraint Period, the Employee must not in any part of the
Restraint Area:

	 	(a)	 	engage, or prepare to engage, in any business that manufactures, distributes
or sells biscuits, crackers, cakes, soups, stocks, sauces, beverages or salty snacks
in competition with the Company or any other Group Company (‘Competing Business’); or
	 
	 	(b)	 	solicit, canvass, approach or accept any approach from any person who is, or
was at any time on or after 30 September 2004 a Customer with a view to obtaining the
custom of that person in a Competing Business; or
	 
	 	(c)	 	interfere with the relationship between any Group Company and any of its
Customers, Group Employees or Suppliers; or
	 
	 	(d)	 	induce, or assist in the inducement of, any Group Employee to leave their
employment.

	7.2	 	Nothing in this clause 7 precludes the Employee from owning less than 1% of the shares of any
company whose shares are publically traded.
	 
	7.3	 	The Employee acknowledges that

	 	(a)	 	each of the restrictions specified in clause 7.1 is in the circumstances
reasonable and necessary to protect the Company’s legitimate interests; and
	 
	 	(b)	 	that the amounts payable by the Company under clause 3.2 are in consideration
for the Employee’s compliance with this clause 7; and
	 
	 	(c)	 	that damages are not an adequate remedy for breach of this clause 7.

	7.4	 	Each of the restrictions in clause 7.1 have effect as if they consist of separate provisions,
each resulting from combining each geographic area in the definition of Restraint Area and
each period in the definition of Restraint Period. If any of those separate provisions is invalid or

 

 

	 	 	otherwise unenforceable for any reason, the invalidity or unenforceability shall not affect the validity or enforceability
of any of the other separate provisions or other combinations of those separate provisions.
	7.5
	 
	In this clause 7:

	 	(a)	 	‘Customer’ means any person who is, or was, a customer of the Company or any
other Group Company:

	 	(i)	 	in a business for which the Employee had responsibility at
any time during the Relevant Time; or
	 
	 	(ii)	 	with whom the Employee had dealings at any time during the
Relevant Time.

	 	(b)	 	‘Engage in’ means to participate, assist or otherwise be directly or
indirectly involved as a member, shareholder, unitholder, director, consultant,
adviser, contractor, principal, agent, manager, employee, beneficiary, partner,
associate, trustee or financier.
	 
	 	(c)	 	‘Group Employee’ means any employee of the Company or any other Group
Company:

	 	(i)	 	in a business for which the Employee had responsibility at
any time during the Relevant Time; or
	 
	 	(ii)	 	with whom the Employee had dealings at any time during the
Relevant Time.

	 	(d)	 	‘Relevant Time’ means any time on or after 30 September 2004;
	 
	 	(e)	 	‘Restraint Area’ means:

	 	(i)	 	the World;
	 
	 	(ii)	 	the World with the exception of the America’s;
	 
	 	(iii)	 	Australia;
	 
	 	(iv)	 	New South Wales.

	 	(f)	 	‘Restraint Period’ means

	 	(i)	 	seventeen (17) months;
	 
	 	(ii)	 	twelve (12) months;
	 
	 	(iii)	 	six (6) months.

	 	(g)	 	‘Supplier’ means any person who is, or was, a supplier of the Company or any
other Group Company:

 

 

	 	(i)	 	in a business for which the Employee had responsibility at
any time during the Relevant Time; or
	 
	 	(ii)	 	with whom the Employee had dealings at any time during the
Relevant Time.

	7.6	 	Within fourteen (14) days after the date of this Deed, the Company and the Employee will seek
a determination by the Australian Tax Office (‘ATO’) that all payments made pursuant to clause
3.2 are not eligible termination payments and fall within the exclusion in paragraph (m) of
the definition of eligible termination payment in section 27A(1) of the Income Tax Assessment
Act 1936. As part of this, the Company and the Employee will make this application on the
basis that:

	 	(a)	 	these payments are of a capital nature;
	 
	 	(b)	 	these payments are in consideration for the restraint of trade in this clause 7;
	 
	 	(c)	 	clause 7 is legally enforceable; and
	 
	 	(d)	 	the payments are reasonable having regard to the nature and extent of clause 7.

	 	 	Notwithstanding the determination of the ATO, the Employee acknowledges that the payments
made pursuant to clause 3.2 are made in consideration for the Employee’s compliance with
this clause 7.
	 
	8.	 	Warranties
	 
	8.1	 	The Employee warrants that:

	 	(a)	 	he has read the terms of this Deed;
	 
	 	(b)	 	he has had the opportunity to obtain independent legal advice about the terms
and effect of this Deed;
	 
	 	(c)	 	the Company has not made any promise, representation or inducement or been a
party to any conduct material to the Employee entering into this Deed other than as
set out in this Deed; and
	 
	 	(d)	 	the Employee is aware that the Company is relying on these warranties.

	9.	 	Acknowledgements
	 
	 	 	The Employee acknowledges that:

	 	(a)	 	on receiving the payments under clause 3.1, he will have received all his
entitlements on the termination of his Employment; and
	 
	 	(b)	 	the Deed of Agreement, Trade Secrets and Confidential Information signed by
the Employee on 22 December 1998 continues to apply in accordance with its terms; and
	 
	 	(c)	 	this Deed terminates the Non Qualified Stock Option and Non Competition
Agreement signed by the Employee on 22 March 1999 other than clause 4 of the Non
Qualified Stock Option and Non Competition Agreement which continues to apply.

 

 

	10.	 	Further assurances
	 
	 	 	The Employee will execute all further documents required by the Company to give effect to
this Deed. The Employee agrees to fully cooperate, in a timely and good faith manner,
subsequent to the Termination Date, with all reasonable requests for assistance made by
the Company, relating to any and all matters in relation to his Employment. Upon the
submission of proper documentation, the Company will reimburse the Employee for all
reasonable expenses incurred by him as a result of such requests for assistance.
	 
	11.	 	Severability
	 
	 	 	Part or all of any provision of this Deed that is illegal or unenforceable may be severed
from this Deed and the remaining provisions continue in force.
	 
	12.	 	Proper Law
	 
	 	 	This Deed is governed by the law applicable in New South Wales, Australia.
	 
	13.	 	Headings
	 
	 	 	Headings are for reference only and do not affect the meaning of this Deed.
	 
	14.	 	Counter-parts
	 
	 	 	This Deed may be signed in any number of counterparts which, taken together, constitute one
and the same document.

 

 

	15.	 	Entire Agreement
	 
	 	 	This Deed constitutes the entire understanding between the parties to this Deed. Subject
to clause 9 and without prejudice to clause 5.2, this Deed supersedes all prior agreements,
understandings and arrangements, oral and written, between the parties.

	 	 	 	 	 	 	 
	Executed as a deed.
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	The common seal of ARNOTT’S

BISCUITS LTD is fixed to this

document in accordance with its

constitution in the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Simon Moran

	 	¬
	 	/s/ David Durandt
	 	¬
	 

	 	 	 	 	 	 
	Signature of director

	 	 	 	Signature of director

(Please delete as applicable)	 	 
	 
	 	 	 	 	 	 
	Simon Moran

	 	 	 	David Durandt	 	 
	 

	 	 	 	 	 	 
	Name of director (print)

	 	 	 	Name of director (print)	 	 
	 
	 	 	 	 	 	 
	Executed by a duly authorised officer of

CAMPBELL SOUP COMPANY in

the presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ John J. Furey

	 	¬
	 	/s/ Nancy A. Reardon
	 	¬
	 

	 	 	 	 	 	 
	Signature of witness

	 	 	 	Signature of duly authorised officer	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	John J. Furey

	 	 	 	Nancy A. Reardon	 	 
	 

	 	 	 	 	 	 
	Name of witness (print)

	 	 	 	Name of duly authorised officer (print)	 	 
	 
	 	 	 	 	 	 
	Executed by JOHN DOUMANI in the

presence of:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Michelle Holland

	 	¬
	 	/s/ John Doumani
	 	¬
	 

	 	 	 	 	 	 
	Signature of witness

	 	 	 	John Doumani	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Michelle Holland
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Name of witness (print)October 4, 2005

 

Richard Surratt

8208 Dunsinane Court

McLean, Virginia 22102

(571) 432-7776

 

Dear Richard:

 

All of us at ProQuest Company have enjoyed meeting with you and discussing our future business opportunities.  We are convinced that you will bring real strength to our team and make significant contributions toward the success of our company.

 

Therefore, I am pleased to extend our offer of employment to you, reporting directly to me.  Your employment will begin November 2, 2005 and you will be appointed to the position of Senior Vice President & Chief Financial Officer on November 11, 2005.  

 

Our offer is comprised of the following elements:

 

	
            •
 	
            You will be paid a base salary of $11,528.46 bi-weekly ($ 300,000.00 if annualized).  
 

 

	
            •
 	
            As a key executive you will be eligible to participate in our Financial Bonus Plan at 50% of your base salary for on target performance.  This bonus is capped at 200 percent of target and represents significant potential if the company over-achieves its targets.  Your bonus participation will be pro-rated by month as of your start date. 
 

 

	
            •
 	
            You will receive an initial three- year grant totaling 175,000 options on ProQuest Company stock.  These options will be awarded on your start date, and priced as of market close on that date, but in no event at a price below $30.97 per share. They are subject to both price and service vesting as described in the attached option agreement. Your likely next consideration for a grant would be after October 2008.  Nonetheless, the Compensation Committee and CEO have flexibility to make compensation decisions based on performance at any time.
 

 

	
            •
 	
            You will receive a grant of restricted stock valued at $200,000 based on ProQuest Company’s stock price as of market close on your start date. This grant is intended to provide alternate value to benefits you may forfeit in your resignation from your current employer and to align you with the investors and strategy of ProQuest Company.  Vesting on the restricted stock is 50% after two years of service and 50% after three years of service
 

 

	
            •
 	
            You will be eligible for relocation benefits as detailed in the attached Senior Management Homeowner Relocation Plan summary.  This benefit must be reimbursed to the company if you leave within the first 12 months of employment.
 

 

 

 

 

 

	
            •
 	
            You will receive a monthly allowance of $926 for the business use of your personal car.   This monthly allowance commences on your start date.       
 

 

	
            •
 	
            You will be eligible for the executive perquisite benefit of up to a maximum of $7,000 annually.
 

 

	
            •
 	
            You will be eligible for four weeks of annual vacation, accrued at 13.33 hours per month.  
 

 

	
            •
 	
            You will be eligible to participate in the company’s benefits program, which includes our group insurance plan, a 401(k) profit sharing plan, for which you are immediately eligible, the Executive Deferred Compensation plan (enrollment needs to be completed within 30 days of your start date), and our executive LTD plan at our group rate.  ProQuest reserves the right to modify, suspend or terminate these plans at its discretion.
 

 

	
            •
 	
            Effective January 1, 2006 you will be eligible to participate in the ProQuest Supplemental Executive Retirement Plan (SERP)-currently a contribution equal to 15% of base + bonus earnings for the calendar year, contributed to the EDCP above. Plan provisions apply, enclosed.
 

 

	
            •
 	
            Should you be involuntarily terminated by Proquest Company for reasons other than cause, you will be eligible for twelve months of base pay, paid as severance, contingent upon your signing a severance agreement and general release provided by the Company.  This severance is in lieu of any other severance or separation pay you may be entitled to under Proquest Company policy.
 

 

By accepting our offer and signing this letter you affirm that:

 

You have the full right and authority to perform any services required of you in your position as a Chief Financial Officer.  

 

By performing such services you are not breaching any contract or legal obligation you owe to any third party.  

 

You will not disclose to ProQuest any confidential information of any third party.

 

 

 

 

 

You will be required to sign an agreement to protect ProQuest Company confidential information that includes certain non-compete and non-disclosure provisions.  A copy of this document is enclosed for your review and you will be asked to sign a copy to on your first day.  Your employment with ProQuest is “at will”.

 

In addition, you understand that:

 

This job offer is contingent upon our receipt from you of a complete and signed application.

 

This offer is also contingent upon your satisfactory completion of a drug screening test before your starting date.  Please contact Quest Diagnostics at 800-377-8448 for directions to a clinic near your home for the drug test.  You will need to bring along the enclosed form to your appointment.  Please follow up with Donna Smith at 734-997-4913 or Linda Longo-Kazanova in Human Resources regarding the application or any other outstanding matter.

 

This offer is further contingent upon your providing us with verification of your identity and ability to work legally for ProQuest in the United States.  A Human Resources representative will be conducting orientation with you during your first week of work. Please bring a copy of your 1) driver’s license and 2) social security card or birth certificate on your first day for us to verify work eligibility in accordance with federal immigration laws.  Please refer to the attached I-9 form for a list of other acceptable documentation and be prepared to offer items from this list as part of our hiring process on your first day. 

 

We recommend that you retain one copy of these materials for your records. We request a response to our offer by 10/6/05. Should you have any questions, please feel free to contact Linda Longo-Kazanova at 734 997-4913.  

 

Once again, we are excited to have you join us and look forward to working with you and having you share in ProQuest's success.

 

Sincerely,

 

/s/ Alan Aldworth

 

Alan Aldworth

Chairman and CEO

 

Please sign as your acceptance and fax to Linda Longo-Kazanova, Sr. Vice President of Human Resources & Business Optimization @ 734 997-4289

 

 

 

 

 

 

	
            Offer Accepted:
 	
            /s/ Richard Surratt              
 	
            October 6, 2005
 
	
             
 	
            Signature
 	
            Date
 	
             

					

 

 

Cc:  Linda Longo-Kazanova

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