Document:

Annex to Contract of Employment - Walter Schillings - dated February 15, 2000

 Exhibit 10.4 
  
 Annex to Contract of Employment 
  
 With effect from 15.02.2000, between 
  
 Franklin Electronic Publishers Deutschland GmbH, represented by its sole shareholder, Franklin Electronic Publishers Euro-Holdings B.V. 
  
 And 
  

Mr. Walter Schillings 
  
 it is hereby agreed the amendment of Paragraph II, subparagraph 2 and subparagraph 3 (which shall become void) of the service agreement of March 11, 1996 in the actual version, last amended with the supplement of
01.Oct.1999, as follows: 
  

	(2)	The terms and conditions of the service agreement with Mr. Schillings shall be continued under a fixed duration period of three years with effect from February 15th 2000 through February 14th 2003. Any extension of this service agreement past February 14, 2003 shall be consummated by the parties, if at all, not later than six month prior to the end of this fixed term, that is prior to
August 15th 2002. 

  
 In case that the service agreement will be terminated on initiation of Franklin without “important cause” for
reasons other than change of control of Franklin Electronic Publishers Inc., Mr. Schillings will receive as compensation in complete satisfaction of this service agreement a payment equal to his then current salary for the remainder of the term. For
the purpose of determination of the annual bonuspayment, the business result at the time of termination shall be decisive. “Important Cause” is defined in particular but not limited to as dishonesty, fraud or gross negligence. 

 If a change of control of Franklin Electronic Publishers Inc. occurs and the service agreement will be
terminated on initiation of Franklin prior to the ending of the duration period, Mr, Schillings will receive two years the then current salary or the then current salary for the completion of the term, whichever is greater, in complete satisfaction
of this service agreement. For the purpose of determination of the annual bonus payment, the business result at the time of termination shall be decisive. 
  
 In case the service agreement shall be terminated on initiation of Mr. Schillings prior to the ending of the duration period, he agrees to continue all
his management duties and responsibilities for at least of a six month period since the written declaration that he wants to terminate the service agreement. 
  
 den : 9.5.2000 
  

							
	 	 	 /s/

	 	 	 	 /s/ Walter Schillings

	 	 	 Franklin Electronic
 Publishers (Deutschland)

GmbH
	 	 	 	Walter Schillings

  

 2Contract of Employment - Walter Schillings dated December 5, 2002

 Exhibit 10.5 
  
 CONTRACT OF EMPLOYMENT 
  
 With effect from 5.12.2002, between 
  
 Franklin Electronic Publishers Deutschland GmbH, represented by its sole shareholder, Franklin Electronic Publishers, Inc. successor in interest to Franklin Electronic
Publishers Euro-Holdings B.V. 
  
 and 
  
 Mr. Walter Schillings 
  
 It is hereby agreed the amendment of Paragraph II, subparagraph 2 and subparagraph 3 (which shall become void) of the service agreement of
March 11, 1996 in the actual version, last amended with the annex to contract dated 09 May, 2000, as follows: 
  

	1.	The terms and conditions of the service agreement with Mr. Schillings shall be continued under a fixed duration period of three years with effect from February 15, 2003 through
February 15, 2006. Any extension of this service agreement past 

 February 2006 shall be consummated by the parties, if at all, not later than six months prior to the end
of this fixed term, that is prior to August 15, 2005. 
  
 Independent of the aforementioned, Mr. Schillings has to be notified in writing about the date of notice of his contract, provided his contract shall not be extended beyond February 15, 2006. This notification shall have to be given within
the deadline of six months. In case there is a shorter period of time between the notification to Mr. Schillings and the factual ending of his contract, the difference arising in his salary as to a six months salary payment is accounted on the basis
of his annual salary in the previous year and has to be paid out to Mr. Schillings upon his leaving the company. Should there be no extension of Mr. Schillings contract and no notification to Mr. Schillings, according to the aforementioned
agreement, a six months salary payment shall have to be paid to Mr. Schillings upon his date of retiring. 
  

 - 2 - 

	2.	In case the service agreement will be terminated on initiation of Franklin without important cause’ for reasons other than change of control of Franklin Electronic Publishers
Inc., Mr. Schillings will receive as compensation in complete satisfaction of this service agreement a payment equal to his then current salary for the remainder of the term. For the purpose of determination of the annual bonus payment, the business
result at the time of termination shall be decisive. Important Cause is defined in particular but not limited to as dishonesty, fraud or gross negligence. 

  

	3.	If a change of control of Franklin Electronic Publishers, Inc. occurs and the service agreement will be terminated on initiation of Franklin prior to the ending of the duration
period, Mr. Schillings will receive two years of the then current salary or the current salary for the completion of the term, whichever is greater, in complete satisfaction of this service agreement. For the 

  

 - 3 - 

 purpose of determination of the annual bonus payment, the business result at the time of termination
shall be decisive. 
  

	4.	In case the service agreement shall be terminated on initiation of Mr. Schillings prior to the ending of the duration period, he agrees to continue all his management duties and
responsibilities for at least a six month period since the written declaration that he wants to terminate the service agreement. 

  

	
	den 5.12.02
	
	 /s/ Walter Schillings

	(Walter Schillings)
	
	                    , date
            
	
	 /s/
                    

	(Franklin Inc.) DIR

  

 - 4 -Offer Letter - Michael Crincoli dated January 5, 2000

 Exhibit 10.6 
  
 January 5, 2000 
  
 VIA FACSIMILE 
  
 Mr. Michael A. Crincoli 
 68 Goodwin Parkway 
 Sewell, New Jersey 08080 
  
 Dear Michael:

  
 This will confirm our offer of employment to you: 
  

			
	Position:	  	Your position will be Vice President North American Sales.
		
	Location:	  	Your place of employment will be at Franklin’s headquarters at One Franklin Plaza, Burlington, New Jersey.
		
	Annual Salary:	  	You will be paid bi-weekly at an annual rate of $150,000.
		
	Salary Review:	  	You will be eligible for your first merit increase in June, 2001 during Franklin’s common review process. Your earned increase will be prorated based on your completed months of service
at the time of your salary review.
		
	Bonus:	  	You will be eligible to participate in a Sales Incentive Plan that will reward your achievements in building incremental profit for Franklin in FY2001. You and I will work together in the
development of Franklin’s profit based FY2001 Sales Incentive Plan which will be effective April 1, 2000. Your bonus at target will be 30% of your base salary. Your initial earned award will be prorated based on your date of
hire.
		
	Stock Options:	  	You will be granted a ten-year non-qualified Stock Option to purchase fifteen thousand (15,000) shares of Franklin’s common stock. The option will vest in four equal installments on each
of the first, second, third, and fourth anniversaries of your first day of employment. The grant date will be your first day of employment and the strike price will be the closing price of Franklin’s common stock on the New York Stock Exchange
on that date. In addition, you will participate in Franklin’s standard Stock Option Plan and be eligible for subsequent grants.
		
	Car Allowance:	  	You will receive a bi-weekly car allowance at an annual rate of $10,000.
		
	Benefits:	  	You will be able to participate in Franklin’s major medical, life insurance, dental, disability and 401(k) plans.
		
	Vacation:	  	As of your first day worked, you will be eligible for vacation based on 1.25 days for each month of service that will be completed in the 2000 calendar year.
		
	Start Date:	  	We ask that you start on or before January 31, 2000. Please call me to set a mutually agreed upon date.

  
 This offer is contingent upon clear
reference checks, the successful completion of a physical examination including a drug screening, and satisfaction of the Immigration Reform and Control Act requirements. Please contact CONCENTRA Medical Center to set up your physical as soon as
possible. Directions to the Center are attached. 
  

 Page 1 of 2 

 Please sign and date the enclosed copy of this letter, indicating your acceptance, and return it to Sandi von Drateln in
Human Resources in the envelope provided. 
  
 Once again, I am excited to have you
join the team at Franklin and look forward to working with you. If you have any questions, please do not hesitate to call me at 609-386-2500 extension 6265. 
  
 Very truly yours, 
  
 Robert L. Garthwaite 
 Vice President Worldwide Sales & Marketing 
  

			
	Accepted by:	 	  

	 	 	 M. A. Crincoli

  

	Attach:	

  

 Page 2 of 2Offer Letter - Kevin Port dated November 8, 2004

 Exhibit 10.7 
  
 November 8, 2004 
  
 Revised 
  
 Mr. Kevin Port 
 721 Esplanade, #403 
 Redondo Beach, CA 90277 
  
 Dear Kevin: 
  
 This will confirm our offer of employment to you: 
  

			
	Position:	 	Your position will be Vice President International Operations, reporting to Barry Lipsky, President and CEO.
		
	Location:	 	Franklin’s Headquarters at One Franklin Plaza, Burlington, New Jersey.
		
	Annual Salary:	 	You will be paid bi-weekly at an annual rate of $150,000.
		
	Salary Review:	 	You will be eligible for your first merit increase in January 2006 during Franklin’s annual review process. Your earned increase will be prorated based on your completed months of service
at the time of your salary review.
		
	Bonus:	 	You will be eligible to participate in Franklin’s Bonus Program for FY05. The amount of your bonus, if any, depends on both the Company’s performance including overall profitability
and your own individual achievements. Your FY06 target bonus will be 20% of your annual base salary, based on performance (details to be outlined).
		
	Stock Options:	 	You will be granted a ten-year non-qualified Stock Option to purchase fifteen thousand (15,000) shares of Franklin’s common stock (subject to Board approval). The option will vest in four
equal installments on each of the first, second, third, and fourth anniversaries of your first day of employment. The grant date will be your first day of employment and the strike price will be the closing price of Franklin’s common stock on
the American Stock Exchange on that date. In addition, you will participate in Franklin’s standard Stock Option Plan and be eligible for subsequent grants.

 Kevin Port 
  

			
	Relocation:	 	Franklin will provide you relocation benefits which are: two (2) house-hunting trips, closing costs associated with the selling of your home (i.e. attorney fees, title fees, excluding
real estate commissions), closing costs associated with the purchase of a home in NJ ( attorney fees, mortgage application fees, title fees, excluding mortgage points) and 60 days temporary lodging while you search for a place of residence.
You are eligible to receive the relocation benefits for one (1) year from your official date of hire as a Franklin employee. This one year agreement can only be extended in writing with the approval of the CEO. You agree that if you separate
from the Company voluntarily or with cause within one (1) year of your start date, you will repay these moneys to Franklin at the time of your separation. “Cause” means your acts or omissions that result in injury or harm to
Franklin.
		
	Auto Allowance:	 	You will be paid an Auto Allowance of $10,000 annually. Franklin will also pay reasonable car rental fees for you until your car is transported to NJ. The normal expense procedure should
be utilized for this reimbursement.
		
	Benefits:	 	You will be able to participate in Franklin’s major medical, life insurance, dental, disability and 401(k) plans. Benefit forms are enclosed for your completion. Please bring them with you
on your first day of employment.
		
	Vacation:	 	As of your official date of hire, you will earn and accrue vacation time based on 1.25 days for each month of service you complete (the equivalent of 15 days per year). In 2005 and each
year thereafter, you will be allowed two personal days.
		
	Start Date:	 	We ask that you start on December 6, 2004 (time worked prior to this date will be paid at a consultant rate).
		
	Severance:	 	If your employment is terminated by Franklin “without cause” within the first 12 months of employment, you will receive the following severance package:
		
	 	 	 a)      Salary: Salary continuation at your then-current rate of base salary for three
months;

		
	 	 	 b)      Benefits: Medical and dental benefits, life insurance coverage and disability coverage, all on terms and
conditions no less favorable than as in effect immediately before termination or, to the extent more favorable to you, after your termination for the period during which your salary continuation runs

  

 Page 2 

			
	 	 	“Cause” is defined as a willful act of dishonesty, fraud or gross negligence. Prior to termination “with cause”, you will receive written notice including the grounds for
such termination from me and be provided reasonable opportunity to cure.
		
	Confidentiality:	 	You acknowledge that Franklin has informed you that Franklin requires that its employees not disclose or use any third party trade secrets that any employee may have had access to as an
employee of or a consultant to any other entity, and as a condition of your employment with Franklin you agree that you will not use or disclose any such trade secrets in the performance of your duties in connection with your employment with
Franklin.

  
 This offer is contingent upon clear
reference checks, the successful completion of a physical examination including a drug screening and satisfaction of the Immigration Reform and Control Act requirements. For the drug screening, please use Parker Universal Labs, 2501 Cherry Ave.,
Suite 140, Signal Hill, CA. Office hours are Monday – Friday from 9:00 a.m. to 5:00 p.m., no appointment necessary. Their phone number is 562-290-8911. You must bring two (2) forms of identification with you, one of which must be a picture ID.
Franklin will be direct billed for these services. Upon your first official day of employment, you will need to visit Concentra Medical Center to complete your physical. Please stop by Human Resources for directions and the paperwork needed for that
visit. 
  
 Please sign and date the enclosed copy of this letter, indicating your
acceptance, and return it to Human Resources in the envelope provided or by fax at 1-888-891-4844. 
  
 Once again, we are excited to have you join the team at Franklin and look forward to working with you. If you have any questions, please do not hesitate to call me at 609-386-2500 Ext 6000. 
  
 Sincerely, 
  
 Barry Lipsky 
 President & CEO 

 

	
	 Accepted by
  

	 Kevin Port
                                        
                                Date

  

 Page 3

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