ACTIVCARD EMPLOYMENT AGREEMENTEmployment Agreement • August 9th, 2005 • Activcard Corp • Services-prepackaged software • California
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into by and between ActivCard, Inc., a California corporation, and Jason Hart (the “Executive”). ActivCard, Inc. together with its affiliates and parent, including ActivCard Corp., a Delaware corporation, are referred to collectively in this Agreement as the “Company.” This Agreement shall be effective upon the Closing Date (the “Effective Date”) as defined in that certain Stock Purchase Agreement dated as of July 26, 2005 (the “Stock Purchase Agreement”), by and among Jason Hart, Michael Smith, and Equity Partners Two Pty Ltd, a corporation organized under the laws of the Commonwealth of Australia (collectively, the “Sellers”, and each, a “Seller”), Peter Johnson, as Sellers’ Representative, and ActivCard Corp., a Delaware corporation (the “Purchaser”). Certain capitalized terms used by not otherwise defined herein shall have the meanings ascribed thereto or as otherwise defined in the Stock Purchase Agreement.
