Exhibit 99.2
COGNOS INCORPORATED
EMPLOYMENT AGREEMENT
(Neal Hill)
This Agreement effective the
31st day of October, 2005, (“
Effective Date ”) between Cognos Incorporated (“
Cognos ”) and Neal Hill of the City of Ottawa in the
Province of Ontario (“ 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.
If there is any conflict between
this Agreement and your offer letter, your offer letter will
prevail.
The parties agree as
follows:
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1.01
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Cognos will
employ you as Senior Vice-President, Corporate Development at its
office at 3755 Riverside Drive in Ottawa, Ontario, and you accept
that employment under the terms set out in this Agreement. In the
course of those duties and subject to your rights under Section 11
of this Agreement, you may be appointed to positions with any one
of the associated companies of Cognos and, despite the foregoing
title, you may be assigned additional or other duties not
inconsistent with the requirements of your position.
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1.02
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Subject to
Section 11.03 and Schedule I and your rights as described therein,
Cognos reserves the right to transfer you, on a temporary or
permanent basis, change your duties, responsibilities, or reporting
relationships and the location of your employment, or as otherwise
provided in this Agreement, and those changes will not affect any
other provision of this Agreement. Cognos will give you reasonable
notice of these changes.
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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 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 in 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 May 25, 2004, and any amendments to it. Your employment will
continue until terminated in accordance with the provisions of this
Agreement. In keeping with our Bridging of Service Policy, all past
employment with Cognos has been tabulated and your net credited
service date calculated to be February 25, 2001 (“ Service
Date ”). No employment with a previous employer, other
than Cognos, counts toward your calculated Service Date.
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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.
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4.
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Hours of
Work: Your days and hours of
work will be Monday to Friday, 7.5 hours per day. 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. There is no compensation
for overtime except when authorized in accordance with prevailing
Cognos policy.
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5.
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Compensation
& Performance Appraisal:
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5.01
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Your base
salary will be as set out in your Offer Letter and subsequently
will be reviewed in accordance with prevailing Cognos practice and
policies. Your salary will be deemed to accrue from day to day and
will be payable in equal 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
(including overtime) 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 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 on 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 its
prevailing travel and expenses policies.
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7.01
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You will be
entitled to receive all benefits generally available to Cognos
employees in comparable positions.
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7.02
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You will be
entitled to annual vacation of 20 working days and will 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 policy.
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8.
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Personnel
Policies: In addition to the
provisions of this Agreement, you will use your best efforts to
adhere to all policies of general applicability to Cognos
employees. Cognos may amend or revoke the provisions of these
policies as may be necessary. You will be given reasonable notice
of any policy amendment.
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9.
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Confidential
Information and Inventions:
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9.01
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During the
course of your duties, you will acquire information about certain
matters that are 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. Confidential
Information does not include: (e) information generally available
to or known to the public; (f) information previously known to you;
(g) information independently developed by you outside the scope of
this Agreement; or (h) information lawfully disclosed to you by a
third party.
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9.02
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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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Any inventions,
discoveries, or copyrightable works developed or contributed to by
you during the course of your duties, whether under this Agreement
or any predecessor or successor to it, including without
limitation: software source or object code (and any underlying
algorithms or other components), product or promotional material,
manuals, contractual documentation, and training or education
materials (“Works”), are the sole and exclusive
property of Cognos including, without limitation, all copyright and
other intellectual property rights in or to the Works. You waive
any and all moral rights you may have in any Works. You will
execute any additional documents deemed necessary by Cognos to
apply for, convey or confirm its rights in or to the Works, whether
during or after the termination of this Agreement, however caused.
You warrant that any Work does not infringe the copyright or other
rights of any third party and that the rights you grant to Cognos
in this Agreement are vested in you absolutely and you have not
previously assigned, licensed, or in any way encumbered the Work.
This Section is binding on your heirs, successors and assigns and
will survive the termination of this Agreement.
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10.
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Computer
Security: It is the policy of
Cognos to adhere strictly to the licensing conditions of any
software that it uses. You are required to comply with this policy.
You will not copy or distribute for your own use or for the use of
any other person or company any software used or developed by
Cognos without (a) obtaining the authorization of your supervisor
and (b) taking all reasonable precautions to ensure that your use
of the software neither corrupts nor destroys any existing software
or data.
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11.01
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You may resign
your employment voluntarily upon giving thirty (30) days prior
written notice to Cognos. Cognos may waive the said notice by
providing you with pay in lieu of notice. Upon resignation, you
will have no entitlement to compensation except for unpaid Base
Salary and vacation earned to the effective date of resignation.
All of your benefits will cease upon the effective date of your
resi
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