EXHIBIT 8
TELESCIENCES, INC.
October 19, 1999
Xxxxxx X. Xxxxxxx
Re: Amendment to Employment Agreement ("Employment Agreement") dated July
1, 1994 between Telesciences, Inc. (the "Company") and Xxxxxx X.
Xxxxxxx ("APM")
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Dear Xx. Xxxxxxx:
In connection with the execution by the Company of an Agreement and Plan of
Merger dated as of October 14, 1999 by and among the Company, EDB Business
Partner ASA ("EDB") and a subsidiary of EDB (the "Merger Agreement"), the
Company and APM are hereby agreeing to amend the Employment Agreement as
follows:
1. Upon Completion of the Offer (as that phrase is defined in the Merger
Agreement), APM's employment with the Company shall terminate and APM
shall be paid $100,000 in cash on such date and an additional $100,000
in twelve equal monthly installments of $8,333.33 commencing thirty
days after the Completion of the Offer.
2. For a period of twelve months, APM shall be entitled to the health
insurance, dental insurance, life insurance, and other benefits
(excluding any automobile allowance) provided to Company executives as
identified on Exhibit B to the Disclosure Schedule to the Merger
Agreement.
3. All references to six months in Sections 6(b), (c) and (d) of the
Employment Agreement shall be changed hereby to twelve months.
Please sign below to confirm your agreement to the foregoing.
Very truly yours,
TELESCIENCES, INC.
By: /s/ C. Xxxxxx Xxxxxxxx
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Name: C. Xxxxxx Xxxxxxxx III
Title: Chairman of the Board
AGREED TO:
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
