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EMPLOYMENT AGREEMENT

Employee Retention Agreement

EMPLOYMENT AGREEMENT | Document Parties: ORACLE CORP | ORACLE Software (Switzerland) Ltd Liab Co You are currently viewing:
This Employee Retention Agreement involves

ORACLE CORP | ORACLE Software (Switzerland) Ltd Liab Co

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Title: EMPLOYMENT AGREEMENT
Date: 3/23/2009
Industry: Software and Programming     Sector: Technology

EMPLOYMENT AGREEMENT, Parties: oracle corp , oracle software (switzerland) ltd liab co
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Exhibit 10.25

[Oracle Letterhead]

EMPLOYMENT AGREEMENT

concluded between

ORACLE Software (Switzerland) Ltd Liab Co
Oracle House
Täfernstrasse 4
CH — 5405 Baden-Dättwil AG

(hereinafter referred to as the “Company”)

AND

Mr. Loic LE GUISQUET
[Address]

(hereinafter referred to as the “employee”)

[November 1999]

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Dear Loic,

We are please to set out, with this contract, the terms of your transfer from Paris to Geneva.

You are offered the position of Vice President Oracle University EMEA, reporting to John Hall and Pier Carlo Falotti.

Your starting date in Geneva will be approximately 15 November 1999. This is conditional upon our receiving your work/residence permit from the Swiss Authorities.

Your initial annual OTE (On Target Earnings) will be as follows:

 

 

 

 

 

Base salary

 

Sfr. 264’000.-

 

 

Variable

 

Sfr. 194’000.-

 

 

OTE

 

Sfr. 458’000.-

 

 

Your gross annual base salary of Sfr. 264’000.- includes the 13 th instalment and is paid over 12 monthly payments.

The Target Sheet is an integral part of this agreement and defines the target income for each Fiscal Year separately.

WORKING HOURS

The minimum working hours for full-time employees are 40 hours per week. For employees in a part-time position, the working hours are reduced in relation to their percentage of employment. However, the company expects its employees to complete their assignments in accordance with Oracle’s high quality standards and in a timely manner.

BENEFITS

Benefit Plan:

You will be enrolled under Oracle’s Swiss benefit plan, which covers life insurance, disability and retirement programs. All pension related benefits will be accrued from your start date in Geneva.

The accident and sickness benefit insurance as well as the pension plan are outlined in the attached regulations and are integral components of this employment agreement.

Swiss Social Security (AVS/AI):

You will be enrolled under the mandatory Swiss social security plan (AVS/AI) and unemployment insurance.

The Company will cover you for any waiting periods during which you are not eligible to receive these social security benefits.

Compulsory Insurance (AVS, Unemployment, Accident)

The costs hereof are equally paid by the employer and the employee, each 50% (fifty per cent).

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Illness Insurance:

You will be required to subscribe to a private Swiss medical insurance. The Company will contribute to your personal illness insurance costs by paying 50% of the monthly premium up to a maximum amount of Sfr. 100.-.

Car Allowance

Sfr. 2’250.- per month

Vacation

The vacation entitlement for full-time employees is 25 working days per Fiscal Year during the first three years of employment. During the fourth and fifth year the entitlement is 26 working days; during the sixth and seventh 27 working days, and from the eighth year on 28 working days per Fiscal Year. For employees older than 50 years, the yearly entitlement is 28 working days per Fiscal Year. For employees in a part-time position, the entitlement will be reduced according to their percentage of employment.

The vacation entitlement will be pro-rated in the event the employment starts or ends during the Fiscal Year.

Official holidays within the employee’s vacation period shall be added to his/her vacation entitlement.

Vacation dates and their respective duration shall be mutually agreed upon in order to take the employee’s desires as well as the company’s interests into adequate consideration.

RELOCATION PROVISIONS

Familiarisation/house hunting visits

You are eligible to two trips to Geneva. During the first visit, you’ll meet with Price Waterhouse Tax consultant and have the opportunity to have a look at some accommodations in the Geneva Canton. The second visit is meant for you to select the right accommodation.

Adjustment Allowance

To assist you in adapting to local conditions and spending patterns in Geneva, you will receive a lump sum payment of Sfr. 39’600.- representing 15% of you annual base salary.

Miscellaneous Relocation Payment

You are entitled to a payment of Sfr. 12’000.- to assist you in defraying miscellaneous costs related to your move to Geneva which are not specifically covered under the provisions of this contract.

Travel to Geneva

The Company will pay for economy/business class airfares for you and associated transportation costs from your country of residence to Geneva, consistent with corporate business travel guidelines.

If you elect alternative means of transportation or non-direct routing, the Company will reimburse actual and reasonable expenses not to exceed the cost of the direct airfare (one way) between your

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country of residence to Geneva. If you travel by car, you will be reimbursed according to the Company business mileage policy in effect at the Host Location not to exceed the cost of the direct air fare (one way).

Temporary Living

You are entitled to up to thirty (30) days of temporary living both in France and Geneva if necessary. During temporary living, the Company will reimburse actual and reasonable expenses for lodging and car rental while waiting for your furniture or looking for suitable accommodation. If you stay in an hotel, you will receive a Per Diem of Sfr. 210.- during temporary living to cover incremental costs of meals and any other miscellaneous expenses.

TRANSPORTATION

Transportation/Storage of Household Goods

If required, the Company will pay for the transportation of your personal and household possessions including packing, unp


 
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