EXECUTIVE SERVICE AGREEMENT
concluded between BGS Smartcard Systems Aktiengesellschaft, hereinafter called the “Company”, and Mr.
Richard Schweger, hereinafter called the “Executive Officer”.
1. Appointment to the Managing Board
By a resolution of the Supervisory Board, Mr. Richard Schweger was appointed to the Managing Board
of the Company for a period of three years beginning on September 1 st , 2008. Mr. Richard Schweger has
accepted this appointment.
2. Scope of Responsibility, Management of the Company
2.1 The basis for the activities of the Executive Officer shall be formed by the Austrian Stock
Corporation Act, the Articles of Association of the Company which are known to the Executive Officer and
the Rules of Procedure for the Executive Officer.
2.2 The Executive Officer shall represent the Company together with other Executive Officers
or with a senior officer holding general proxy ( Prokurist ).
3. Duration, Termination Payment
3.1 This Agreement has been concluded for a period of three years, and will therefore expire
on August 31, 2011.
3.2 If neither of the parties to this Agreement expressly notifies the other party by registered
letter (definitive for the determination of legal validity is the date of the postmark) at least six months prior to
expiration that the continuation of this Agreement is not desired (declaration of non-continuation), then the
Agreement will automatically be extended for a further one year after September 1, 2011. The above-
mentioned conditions for continuation shall apply analogously to the extended agreement as well as to any
If this Executive Service Agreement is not continued by the Company but ends on the date of
expiration or if the Executive Director refuses to continue the agreement, then Mr. Richard Schweger shall
have the right to receive (i) a severance pay ( Abfertigung