Exhibit 99.4
COGNOS CORPORATION
EMPLOYMENT AGREEMENT
(Dave Laverty)
This Agreement effective the
31st day of October, 2005 (“
Effective Date ”), between Cognos Incorporated
(“ Cognos ” or the “ Company
”) and Dave Laverty (“ You ”) is entered
into (a) in recognition of the key role you play as a senior member
of the executive at Cognos and (b) to restate and amend the terms
and conditions of your employment with Cognos as of the Effective
Date.
The parties agree as
follows:
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1.01
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Cognos will
employ you initially as Senior Vice President, Global Marketing
working out of the Boston, Massachusetts office and you accept that
employment under the terms set out in this Agreement. In the course
of your employment and subject to your rights under Section 12 of
this Agreement, you may be appointed to other positions within the
Company or to positions with any one of the associated companies of
Cognos and you may be assigned additional or other
duties.
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1.02
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Subject to
Section 12.03 and Schedule I and your rights as described therein,
Cognos may transfer you, on a temporary or permanent basis, change
your duties, responsibilities, or reporting relationships and the
location of your employment, and those changes will not affect any
other provision of this Agreement.
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1.03
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You will devote
your full time and attention to the business and affairs of Cognos
and its affiliates and will not, without consent in writing of
Cognos (which shall not to be unreasonably withheld), undertake any
other business or occupation or become a director, officer,
partner, employee or agent of any other company, firm or
individual.
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1.04
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You may,
without the necessity of obtaining any consent, undertake
activities of a charitable or community nature and serve in any
part-time or temporary post with any charitable organization or
professional association, as long as those activities, in the sole
discretion of Cognos, do not impair your ability to fulfill your
obligations under this Agreement.
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1.05
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You will well
and faithfully serve Cognos and its associated companies and use
your best efforts to promote their interests.
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2.
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Term: This Agreement replaces,
in its entirety, the employment agreement between you and Cognos
dated February 4, 2002, and any amendments to it. Your employment
with Cognos commenced on your start date of February 2, 2002 and
will continue until terminated by either you or the Company in
accordance with the provisions of this Agreement. No employment
with a previous employer counts toward your period of continuous
employment with Cognos.
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3.
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Relocation: You acknowledge that
Cognos carries on its operations worldwide and during the course of
your employment the location of your employment and reporting
arrangements may be changed by Cognos. Your relocation expenses
will be reimbursed in accordance with the prevailing Cognos policy
in effect at that time.
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4.
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Hours of
Work: Your initial days and
hours of work will be as agreed with your manager. These days and
hours are subject to change by Cognos to meet its needs. You
acknowledge that your duties may require extra or irregular hours
to meet or fulfill company requirements. If you are entitled to
overtime pay under the applicable laws, you cannot work overtime
unless it is authorized by the Company.
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5.
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Compensation
& Performance Appraisal:
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5.01
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Your annual
compensation will be your current salary as of the Effective Date
(“ Base Salary ”), and will be reviewed
subsequently in accordance with prevailing Cognos practice and
policies. Your Base Salary will be deemed to accrue from day to day
and will be payable in semi-monthly installments in accordance with
prevailing Cognos policies or practice.
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5.02
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You have no
contractual entitlement to any increased or additional compensation
except in strict compliance with your compensation plan and there
is no right to the continuation or renewal of any particular plan.
You will be paid net of any statutory or authorized deductions. You
authorize Cognos to deduct from compensation payable to you or from
any expense reimbursement payable to you the full amount of any
debts or advances owed by you to Cognos.
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6.
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Travel &
Expenses: Your duties may require
you to travel away from home and incur expenses in connection with
that travel or other duties under this Agreement. Cognos will
reimburse you for all reasonable expenses incurred for travel,
accommodation and other incidental costs in accordance with the
Company’s prevailing travel and expenses policies in effect
at the time the expense was incurred.
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7.01
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You will be
eligible to receive all benefits generally available to Cognos
U.S.-based employees in comparable positions pursuant to the terms,
conditions and limitations of the Company’s applicable
general policies.
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7.02
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You will be
entitled to annual vacation time of twenty (20) working days which
must be taken at a time best suited to the needs of Cognos, as
determined by your immediate superior. Otherwise, your vacation
will be determined in accordance with the prevailing Cognos
vacation policy for its U.S.-based employees.
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8.
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Personnel
Policies: In addition to the
provisions of this Agreement, you will use your best endeavors to
adhere to all policies of general applicability to Cognos
employees. These policies do not create any contractual obligations
on the part of the Company to you, either express or implied, and
you should not consider or view these policies as any form of
contract between you and the Company. Cognos may amend or revoke
the provisions of these policies as may be necessary.
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9.
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Confidential
Information:
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9.01
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During the
course of your duties, you will acquire information about certain
matters that is confidential to Cognos (including, for the purpose
of this Agreement, any affiliated companies), and that is the
exclusive property of Cognos, including, but not limited to: (a)
product design and development information, (b) names, addresses,
buying habits and preferences of current customers of Cognos as
well as prospective customers, (c) pricing and sales policies,
techniques and concepts, and (d) trade secrets and other
confidential information concerning the business operations or
affairs of Cognos, all of which information is “
Confidential Information ” for the purposes of this
Agreement. You will not at any time, whether during or after the
termination of your employment for any reason, reveal to any
person, company or entity any of the trade secrets or Confidential
Information of the Company, except as may be required in the
ordinary course of performing your duties as an employee of the
Company to promote and advance the business of the Company. This
restriction shall not apply to (i) information in the public domain
through no fault of your own; (ii) information approved for release
by written authorization of the Company; (iii) information revealed
to other employees of the Company who need to know such
confidential and/or trade secret information for the purposes of
their employment; or (iv) information that may be required by law
or an order of any court, agency or proceeding to be
disclosed.
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9.02
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You shall keep
secret all matters entrusted to you and shall not use or attempt to
use any such information in any manner which may injure or cause
loss or may be calculated to injure or cause loss to the Company
whether directly or indirectly. You acknowledge that Confidential
Information, if disclosed, could be used to the detriment of
Cognos. Accordingly, you will not disclose any Confidential
Information to any third party either: (a) during the term of your
employment with Cognos (whether under this Agreement or any
predecessor or successor to it), except as may be necessary for you
to properly discharge your duties under this Agreement, or (b)
following the termination of your employment, however caused,
except with the written permission of Cognos. Any obligations of
confidentiality arising under previous agreements with Cognos are
continued and amended to conform with the terms of this Agreement.
The foregoing restriction does not apply to any information or
knowledge that becomes part of the public domain other than by
unauthorized disclosure by you.
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9.03
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You agree that
during your employment you shall not make, use or permit to be used
any notes, memoranda, reports, proposals, lists, correspondence,
records, drawings, specifications, sketches, blueprints, software
programs, data or other materials of any nature in any form,
whether written, printed or in digital format or otherwise,
relating to any matter within the scope of the business of the
Company or concerning any of its dealings or affairs (“
Company Documentation ”) otherwise than for the
benefit of the Company. You agree that, after the termination of
your employment for any reason, you shall not use or permit to be
used any such Company Documentation, it being agreed that any of
the foregoing shall be and remain the sole and exclusive property
of the Company and that immediately upon the termination of your
employment for any reason you shall deliver all of the foregoing,
and all copies thereof, to the Company, at its main
office.
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9.04
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You recognize
that the Company has received and in the future will receive from
third parties their confidential or proprietary information subject
to a duty on the Company’s part to maintain the
confidentiality of such information and to use it only for certain
limited purposes. You agree that you owe the Company and such third
parties, during the term of your employment and thereafter,
regardless for the reason for the termination of your employment, a
duty to hold all such confidential or proprietary information in
the strictest of confidence and not to disclose it to any person,
firm or corporation (except as necessary in carrying out your work
for the Company consistent with the Company’s agreement with
such third party) or to use it for the benefit of anyone other than
for the Company or such third party (consistent with the
Company’s agreement with such third party) without the
express written authorization of the Company.
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10.
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Inventions
or Developments:
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10.01
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If at any time
or times during your employment, you shall (either alone or with
others) make, conceive, discover, reduce to practice or become
possessed of any invention, modification, discovery, design,
development, improvement, process, software program, work of
authorship, documentation, publication, formula, data, technique,
know-how, trade secret or intellectual property right whatsoever or
any interest therein (whether or not patentable or registrable
under copyright or similar statutes or subject to analogous
protection) (herein called “ Developments ”)
that: (i) relates to the business of the Company or any of the
products or services being developed, manufactured or sold by the
Company or which may conveniently be used in relation therewith;
(ii) results from tasks assigned to you by the Company; or (iii)
results from the use of premises or personal property (whether
tangible or intangible) owned, leased or contracted for by the
Company, such Developments and the benefits thereof shall
immediately become the sole and absolute property of the Company
and its assigns, as works made for hire or otherwise. You shall
promptly disclose to the Company (or any persons designated by it)
each such Development. You hereby assign any rights (including, but
not limited to, any inventions, patentable subject matter,
copyrights and trademarks) you may have or acquire in the
Developments and benefits and/or rights resulting therefrom to the
Company and its assigns without further compensation and shall
communicate, without cost or delay, and without disclosing to
others the same, all available information relating thereto (with
all necessary plans and models) to the Company.
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10.02
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You shall,
during your employment and at any time thereafter, at the request
and cost of the Company, promptly sign, execute, make and do all
such deeds, documents, acts and things as the Company and its duly
authorized officers may reasonably require:
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(a)
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to apply for,
obtain, register and vest in the name of the Company alone (unless
the Company otherwise directs) patents, copyrights, trademarks or
other analogous protection in any country throughout the world
relating to a Development and when so obtained or vested to renew
and restore the same; and
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(b)
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to defend any
judicial, opposition or other proceedings in respect of such
applications and any judicial, opposition or other proceeding,
petition or application for revoc
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