Exhibit 4.14
EMPLOYMENT AGREEMENT
THE UNDERSIGNED:
1. The public limited liability company QIAGEN N.V., having its registered
office at Xxxxxxxxxxx 00 - 00, XX - Venlo, in this matter duly represented
by Xx. Xxxxx Xxxxxx, hereinafter to be referred to as the `Company';
and
2. PEER X. XXXXXX, hereinafter to be referred to as the `Managing Director';
WHEREAS
.. The Company was established in 1996 and the Managing Director has been
appointed as the Statutory Managing Director of the Company;
.. the Company and the Managing Director hereby confirm the employment
conditions of the Managing Director as follows:
Article 1: Rights and obligations
1. As the Statutory Managing Director of the Company, the Managing Director
has all rights and obligations as laid down in the law, in the articles of
association of the Company and in any and all instructions that are or may
be adopted by the Company.
2. The Managing Director shall undertake every effort in order to further the
interests of the Company.
3. The Managing Director shall refrain from accepting compensation or payment
for activities or occupations other than pursuant to this agreement without
the prior consent of the shareholders' meeting of the Company.
Article 2: Duties
1. The Managing Director will hold the position of Chief Financial Officer for
the Company.
2. Without the Company's prior written consent, the Managing Director will not
perform any other work for pay during his employment term, nor will he,
alone or with other persons, directly or indirectly, establish or conduct a
business that is competitive with the Company's business, whatever its
form, or take any financial interest in or perform work gratuitously or for
remuneration for such a business.
Article 3: Commencement, term and notice
The employment contract is in force since January 1, 1998 for an indefinite
period of time. The employment may be terminated by either party with due
observance of the statutory notice period. Notice may be given only in writing.
Article 4: Salary
The Managing Director will receive a gross annual salary of DM 117.996 including
an annual holiday allowance of 8% of the gross basic annual salary.
Article 5: Expense Allowance
The Company will compensate the Managing Director for expenses directly related
to the performance of his work, but only insofar as that compensation may be
provided tax free and premium free.
Article 6: Holidays
The Managing Director is entitled to take holidays whenever that is possible
under his business responsibilities.
Article 7: Insuranes
The Company will not take out any insurances for the Managing Director other
than customary or required for business activities carried out by QIAGEN N.V.
Article 8: Non-competition Clause
1. For a period of 1 year after the termination of the employment contract,
the Managing Director may not, without the Company's prior written consent,
engage in any activities that in any way whatsoever directly or indirectly
compete with the Company in the nucleic acid handling separation and/or
purification industry or a company affiliated with it, and the Managing
Director may not establish, conduct (alone or with others) or cause the
conduct of any competing business or take any interest in or be employed in
any way whatsoever by such business, whether or not for consideration.
2. If the Managing Director violates the non-competition clause contained in
this Article, he will forfeit to the Company a penalty of NLG100,000 for
each breach, payable on demand, as well as a penalty of NLG 10,000 for each
day that the breach continues, without prejudice to the Company's right to
claim full damages instead.
3. Upon each breach of the non-competition clause contained in this Article,
the period referred to in paragraph 1 will be extended by the duration of
that breach.
Article 9: Confidentiality
Neither during the term of the employment contract nor upon termination thereof
may the Managing Director inform any third party in any form, directly or
indirectly, of any particulars concerning or related to the business conducted
by the Company or its affiliated companies, which the Managing Director could
reasonably have known were not intended for third parties, regardless of whether
such information includes any reference to its confidential nature or ownership
and regardless of how the Managing Director learned of the particulars.
Article 10: Return of Property
Upon termination of the employment contract, the Managing Director will be
obliged to immediately return to the Company all property belonging to the
Company, including materials, documents and information copied in any form
whatsoever, articles, and keys.
Article 11: Applicable Law
This employment contract and the appendices/schedules will be governed by the
laws of the Netherlands.
Drawn up in duplicate originals and signed in Hilden on October 5th, 2000.
/s/ Xxxxx Xxxxxx /s/ Peer X. Xxxxxx
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COMPANY MANAGING DIRECTOR
