Exhibit 10.8
EMPLOYMENT AGREEMENT
THIS AGREEMENT is made as of the September 12, 2005
BETWEEN:
COREL INC.
(the “Corporation”)
- and -
Patrick Morley
(the “Executive”)
RECITAL:
The Corporation and the Executive wish to enter into this Agreement to set out the rights and obligations of
each of them respecting the Executive’s employment with the Corporation.
NOW THEREFORE in consideration of the mutual covenants and agreements contained in this Agreement
and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the
Corporation and the Executive agree as follows:
In this Agreement,
1 Definitions
1.1 “Agreement” means this agreement as it may be amended from time to time;
1.2 “Affiliate” has the meaning attributed to such term in the Business Corporations Act (Ontario) as the
same may be amended from time to time and any successor legislation thereto, and includes an Associate;
1.3 “Associate” has the meaning attributed to such term in the Business Corporations Act (Ontario) as the
same may be amended from time to time and any successor legislation thereto;
1.4 “Benefits” has the meaning set out in section 6;
1.5 “Board” means the Board of Directors of Corel Corporation
1.6 “Business” means the development, marketing or sale of computer software for office productivity,
graphics, or digital imaging, or any other software which the Corporation may be involved in developing,
marketing, or selling during the term of this Agreement;
1.7 “Change of Control”
a) means any transaction or series of transactions, whether by way of consolidation, amalgamation, merger,
reorganization or plan of amalgamation involving Corel Corporation, with or into any other person (other
than Vector);
b) any transfer, conveyance, sale, lease, exchange or otherwise of all or substantially all of the assets of Corel
Corporation, to any other person (other than Vector); and
c) the lawful ac