Document:

Exhibit
10.13

 

June
28, 2004

 

Mason P. Slaine

c/o Information Holdings Inc.

2777 Summer Street

Suite 602

Stamford, CT  06905

 

Dear Mr. Slaine:

 

This letter confirms the amendment, as set forth
below, to your employment agreement dated as of April 30, 2002, between you and
Information Holdings Inc. (the “Company”), as amended (your “Employment
Agreement”), which is made in connection with the Agreement and Plan
of Merger dated as of June 28, 2004, among the Company, The Thomson Corporation
(“Parent”)
and Thyme Corporation (“Merger Sub”) (as it may be amended or
supplemented from time to time, the “Merger
Agreement”).

 

As a condition and inducement to Parent’s and Merger
Sub’s willingness to enter into the Merger Agreement and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, effective at the Effective Time (as defined in the Merger
Agreement), Section 7(a) of your Employment Agreement is hereby amended by (i)
deleting the last sentence thereof and (ii) replacing the phrase “in the United
States” with the word “worldwide”. 
Accordingly, you acknowledge that the noncompete provisions of such
Section 7(a) shall apply notwithstanding the circumstances of any termination of
your employment with the Company at any time. 
Except as expressly amended in this letter, the terms of your Employment
Agreement shall remain in full force and effect.  You and we agree, for the benefit of Parent, that your Employment
Agreement and this amendment may not be amended without the prior written
consent of Parent.  This letter
agreement shall terminate upon any termination of the Merger Agreement in
accordance with its terms.

 

Notwithstanding anything in the Employment Agreement
to the contrary, all payments to be made to the executive pursuant to Section
6(e), and any Tax Restoration Payment made pursuant to Section 6(g), of the
Employment Agreement (other than the Non-Compete Payment) shall be made within
15 days of termination of employment, and the Non-Compete Payment shall be payable
quarterly in advance, beginning at such time that it becomes due (payable for
any partial quarter on a pro rata basis). 
In the event the Company fails to make such payments within such 15 days
of their due date, the obligations under the amendment to the Employment
Agreement set forth in this letter agreement shall, unless Parent or the
Company shall have pending a good faith dispute with you regarding such
payment, have no force and effect.  All
terms capitalized but not otherwise defined herein shall have the meaning
ascribed to them in the Employment Agreement.

 

This agreement may be executed in on or more
counterparts (including by facsimile), and by the different parties hereto in
separate counterparts, each of which when executed shall be deemed to be an
original but all of which shall constitute one and the same agreement.

 

 

Please confirm your agreement to this amendment by
signing below.

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
  INFORMATION
  HOLDINGS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Vincent A. Chippari

  
	
   

  	
   

  	
  Name:
  Vincent A. Chippari

  
	
   

  	
   

  	
  Title:
  Executive VP & CFO

  
	
   

  
	
  AGREED
  AS OF THE DATE FIRST WRITTEN ABOVE:

  	
   

  
	
   

  
	
   

  
	
  /s/
  Mason P. Slaine

  	
   

  
	
  MASON
  P. SLAINEExhibit
10.14

 

July
22, 2004

 

 

Mr. Jay Nadler

Liquent Inc.

1300 Virginia Drive

Ft. Washington, PA  19034

 

Re:                             Enhanced Retention Bonus

 

Dear Mr. Nadler:

 

Information Holdings Inc. (“the Company”) believes
that its success following its acquisition by The Thomson Corporation
(“Parent”) will be significantly enhanced by your continued employment with the
Company.  Accordingly, the Company has
obtained the consent of its Board of Directors to modify your Employment Agreement
with the Company, dated April 10, 2000, and amended September 2, 2003 (your
“Employment Agreement”), and to pay you an enhanced retention bonus, according
to the following terms:

 

1.               You
will continue employment with the Company under the terms of your Employment
Agreement but your title will be changed to Senior Vice President in Thomson
Scientific’s Pharma Markets Business Unit, and you will report to Ian Tarr,
Executive Vice President of Thomson Scientific’s Pharma Markets Business Unit
(or his successor).  You agree that your
change in title and reporting line will not constitute “Good Reason” under
Section 6(f) of your Employment Agreement. 
Without limiting the foregoing sentence, nothing herein shall be deemed
to otherwise affect or limit your right to terminate your employment for “Good
Reason” under Section 6(f) of your Employment Agreement under the circumstances
listed therein which includes a material diminution in your responsibilities or
authority.

 

2.               If
(A) you are still employed by the Company on the one-year anniversary of the
“Closing Date” (as defined in the Agreement and Plan of Merger dated as of June
28, 2004 among Parent, the Company and Thyme Corporation (the “Merger
Agreement”)), (B) your employment is involuntarily terminated “Without Cause”
(as defined in Section 6(e) of your Employment Agreement) before such one-year
anniversary or (C) the Company provides notice of non-renewal of your
Employment Agreement before such one-year anniversary, then in each case (but,
for the avoidance of doubt, not in the event that you terminate your employment
for “Good Reason” under Section 6(f) of your Employment Agreement) you will
receive, on the date of such one-year anniversary or within 10 days following
such involuntary termination or expiration of the term of your Employment Agreement
following

 

 

non-renewal, as
applicable, a lump sum bonus payment equal to your “Salary” (as defined in
Section 3(a) of your Employment Agreement) as in effect on such one-year
anniversary or immediately prior to such termination (subject to applicable
withholding and similar taxes).  This
lump sum payment will be in addition to any payment you become eligible to
receive under your Employment Agreement or your retention bonus letter
agreement dated April 20, 2004.

 

Except as provided in this
letter, all of the terms, provisions and conditions of your Employment
Agreement will remain in full force and effect.  This letter is for the benefit of Parent, and your
Employment Agreement (as modified by this letter) may not be further modified
unless the modification is in writing and signed by each of you, the Company
and Parent.

 

The terms set forth in this
letter will automatically terminate upon any termination of the Merger
Agreement in accordance with its terms and will not be effective before the “Effective
Time” (as defined in the Merger Agreement).

 

We hope you will indicate your acceptance of the terms
set forth above by signing and dating this letter in the spaces indicated
below.

 

	
   

  	
   

  	
   

  	
  Sincerely,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  INFORMATION HOLDINGS
  INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Mason Slaine

  
	
   

  	
   

  	
   

  	
   

  	
  Mason Slaine

  
	
   

  	
   

  	
   

  	
   

  	
  Chief Executive
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  I, Jay Nadler, agree to
  the terms described in this letter, which modify my Employment Agreement.

  
	
   

  	
   

  	
   

  
	
  /s/ Jay Nadler

  	
   

  	
  July 22, 2004

  	
   

  
	
  Jay Nadler

  	
   

  	
  Date

  	
   

  
								

 

2Exhibit
10.15

 

July
22, 2004

 

 

Mr. Daniel Videtto

Micropatent LLC

250 Dodge Avenue

East Haven, CT  06512

 

 

Re:                             Enhanced Retention Bonus

 

Dear
Mr. Videtto:

 

MicroPatent LLC (“MicroPatent”) believes that its
success following the acquisition of Information Holdings Inc. (the “Company”)
by The Thomson Corporation (“Parent”) will be significantly enhanced by your
continued employment with MicroPatent. 
Accordingly, MicroPatent has obtained the consent of its Board of Directors
and the Board of Directors of the Company to modify your Employment Agreement
with MicroPatent, dated June 23, 2003 (your “Employment Agreement”), and to pay
you an enhanced retention bonus, according to the following terms:

 

1.               You
will continue employment with MicroPatent under the terms of your Employment
Agreement, but your title will be changed to Senior Vice President in Thomson
Scientific’s Corporate Markets Business Unit, and you will report to Brian
Tyler, Executive Vice President of Thomson Scientific’s Corporate Markets
Business Unit (or his successor).  You
agree that your change in title and reporting line will not constitute “Good
Reason” under Section 6(f) of your Employment Agreement.  Without limiting the foregoing sentence,
nothing herein shall be deemed to otherwise affect or limit your right to
terminate your employment for “Good Reason” under Section 6(f) of your
Employment Agreement under the circumstances listed therein which includes a
material diminution in your responsibilities or authority.

 

2.               If
(A) you are still employed by MicroPatent on the one-year anniversary of the
“Closing Date” (as defined in the Agreement and Plan of Merger dated as of June
28, 2004 among Parent, the Company and Thyme Corporation (the “Merger
Agreement”)), (B) your employment is involuntarily terminated “Without Cause”
(as defined in Section 6(e) of your Employment Agreement) before such one-year
anniversary or (C) the Company provides notice of non-renewal of your
Employment Agreement before such one-year anniversary, then in each case (but,
for the avoidance of doubt, not in the event that you terminate your employment
for “Good Reason” under Section 6(f) of your Employment Agreement) you will
receive, on the date of such one-year anniversary or within 10 days following
such involuntary termination or expiration of the term of your Employment
Agreement following

 

 

non-renewal, as
applicable, a lump sum bonus payment equal to your “Salary” (as defined in
Section 3(a) of your Employment Agreement) as in effect on such one-year
anniversary or immediately prior to such termination (subject to applicable
withholding and similar taxes).  This
lump sum payment will be in addition to any payment you become eligible to
receive under your Employment Agreement or your retention bonus letter agreement
dated April 20, 2004.

 

Except as provided in this letter, all of the terms,
provisions and conditions of your Employment Agreement will remain in full
force and effect.  This letter is for the benefit of Parent,
and your Employment Agreement (as modified by this letter) may not be
further modified unless the modification is in writing and signed by each of
you, the Company and Parent.

 

The terms set forth in this
letter will automatically terminate upon any termination of the Merger
Agreement in accordance with its terms and will not be effective before the
“Effective Time” (as defined in the Merger Agreement).

 

We hope you will indicate your acceptance of the terms
set forth above by signing and dating this letter in the spaces indicated
below.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MICROPATENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  /s/ Vincent A. Chippari

  	
   

  
	
   

  	
  Vincent A. Chippari

  
	
   

  	
   

  
	
   

  	
   

  
	
  I, Daniel Videtto,
  agree to the terms described in this letter, which modify my Employment
  Agreement.

  
	
   

  
	
  /s/ Daniel Videtto

  	
   

  	
  July 22, 2004

  	
   

  
	
  Daniel Videtto

  	
   

  	
  Date

  	
   

  
						

 

2

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