[TRANSLATION FROM THE ORIGINAL FRENCH]
EXHIBIT 10.8
ADDENDUM
TO THE EMPLOYMENT CONTRACT
BETWEEN THE UNDERSIGNED:
PEOPLESOFT FRANCE,
Corporation,
With a capital of 9.157.500 euros
The registered office of which is based Tour A, La Defense, 0000 Xxxxxxxxx du
General de Gaulle, Coeur Defense, 92931 Paris La Defense Cedex,
Registered with the Nanterre Commercial Registry under number 391 338 076,
Represented for the purpose thereof by Xxxxxxxxxx Xxxxxxxxx, President,
(Hereafter, the{ Company })
ON ONE HAND,
AND
XXX XXXXXX,
Residing at ___________________________ ,
(Hereafter,{ Xx. Xxxxxx })
ON THE OTHER HAND,
IT HAS BEEN AGREED AS FOLLOWS:
As from the date of signature of this addendum, Xx. Xxxxxx' employment contract
(as modified and/or completed by various mail and/or agreements considered as
addenda) will be modified in some of its elements by the following provisions,
which invalidates and replaces all the other provisions of the same nature.
ARTICLE 1
As from January 1st, 2004, the annual gross remuneration of Xx. Xxxxxx will be
split as follows:
- On one hand, an gross annual base salary of USD 273,285 converted in Euro
at the conversion rate of USD1 = Euro 0.885;
- On the other hand, a target bonus of an annual amount of USD 320,000 USD
converted in Euro at the conversion rate of USD1 = Euro 0.885.
[TRANSLATION FROM THE ORIGINAL FRENCH]
ARTICLE 2
Xx. Xxxxxx'x annual travel hardship allowance is estimated at USD 66,715 based
on 70 estimated foreign workdays for the year 2004. This will be converted in
Euro at the conversion rate of USD1 = Euro 0.885.
The exact amount of his annual travel hardship allowance will be determined in
December 2004 based on the exact foreign workdays for the year 2004 and the
necessary adjustment will then be made with application of the exchange rate of
USD1 = Euro 0.885.
ARTICLE 3
All the other provisions of the employment contract that are not incompatible
with or contrary to the provisions of this addendum will remain unchanged and
remain applicable.
Signed at Pleasanton
On 14 April 2004
In two original samples
/s/ XXX XXXXXX
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For the Company Xxx Xxxxxx
Xxxxxxxxxx Xxxxxxxxx
President
(The signatures must be preceded by the words:{LU ET APPROUVE. BON POUR ACCORD.}
and each page must be initialled.)
/s/ XXXXX XXXXXX
-----------------------------
Xxxxx Xxxxxx
