Employment Agreement - Intergraph Mapping and GIS Solutiosn and Terry Keating
September 25, 2002
Dr. Terry Keating
Lucerne International
6 State Street, Suite 100
Bangor, ME 04401
Dear Terry:
This letter constitutes an offer of full time employment
with Intergraph Mapping and GIS Solutions and is valid until
the date given below. Your start date will be October 1,
2002, recognizing that at first you would commute, then
relocate to Huntsville later in the year.
A copy of the Employee Benefits Summary has been enclosed
for your review. Details of the offer are as follows:
Position: Executive Vice President - IMGS
Salary: $250,000 per year paid bi-weekly
Performance Bonus: $100,000
Car Allowance: $400 per month
Manager: Preetha Pulusani, President
This exempt position is eligible for participation in the
Intergraph benefits program. In addition to the standard
benefits offered to Intergraph employees your annual
vacation accrual will be four (4) weeks.
Payment of your Performance Bonus will be based on
achievement of objectives to be determined by you and
Preetha Pulusani.
IMGS will assist in your relocation to Alabama. Attached
you will find a copy of the relocation benefits being
provided to you.
If your employment is involuntarily terminated other than
for cause prior to the completion of three years of service
you will receive eighteen (18) months of salary following
termination. At Intergraph's option this may be paid as
salary continuation or as a lump sum within 30 days
following termination. For purposes of this paragraph,
"cause" shall be defined as any willful act or failure to:
act involving: dishonesty towards Intergraph; unethical
business practices; embezzlement or misappropriation of
corporate funds, property or proprietary information;
unreasonable and willful refusal to perform the duties
required by Intergraph; willful breach of this Agreement or
habitual neglect of duties and responsibilities, other than
due to illness or disability; aiding and abetting a
competitor; or participation in any fraud or any criminal
activities. "Salary" is defined as base salary only. This
would not include any bonus or benefits component.
IMGS will use direct deposit as the method of payment of
your compensation. Please complete the enclosed
Authorization Agreement for Automatic Deposit and return
with a voided check or deposit slip on your start date.
Your offer of employment is contingent upon signing the
enclosed Proprietary Agreement. Please return this
Agreement with the copy of this letter to acknowledge your
acceptance of this offer. A listing of documents required
for compliance with the Immigration Reform and Control Act
is also included. A prepaid envelope has been provided for
your convenience.
Please respond to this offer by close of business Friday,
October 11, 2002. If you have any questions or require
additional information, please contact me in Huntsville at
(256) 730-6084.
Sincerely,
/s/ Betsy Mosgrove
Betsy Mosgrove
Human Resources
Intergraph Mapping & GIS Solutions
Enclosures
I accept your offer and plan to begin work on October 1, 2002.
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/s/ Terrence Keating October 1, 2002
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Applicant Signature Date