Lexmark 2012 Annual Report Download - page 164

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Exhibit 10.47
PERCEPTIVE SOFTWARE, INC.
EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (“ Agreement”) is entered into as of the day of , 2010 (the “Effective Date”), by and between
[EXECUTIVE] (“Executive”) and Perceptive Software, Inc. or any successors thereto (the “ Company”), a subsidiary of Lexmark International, Inc.
(“Lexmark”).
WHEREAS, the Company, Lexmark and Executive desire to enter into an employment agreement and terminate the Amended and Restated Executive
Employment Agreement entered into by Executive and the Company on April 9, 2008.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and for other good and valuable
consideration, the parties hereto agree as follows:
1. EMPLOYMENT
1.1 Employment Term. Unless Executive’s employment shall sooner terminate pursuant to Section 1.3 of this Agreement, the Company shall employ
the Employee for a term commencing on the Effective Date and ending on June 30, 2013 (the “Term”) and the Employee’s employment shall continue thereafter
at will.
1.2 Position and Duties. Subject to the terms set forth herein, the Company agrees to employ Executive in the position of [ENTER POSITION HERE]
of the Company, and Executive hereby accepts such employment. Executive shall serve in an executive capacity and shall perform such duties as are
customarily associated with the position of [ENTER POSITION HERE] and such other similar duties as are assigned to Executive by the Company, the
Chief Executive Officer of [Lexmark][the Company], or the Board of Directors of Lexmark (the “ Board”). Executive will report to the Chief Executive Officer
of [Lexmark][the Company]. During the term of Executive’s employment with the Company, Executive will devote Executive’s best efforts and substantially
all of Executive’s business time and attention (except for vacation periods and reasonable periods of illness or other incapacities permitted by the Company’s
general employment policies or as otherwise set forth in this Agreement) to the business of the Company.
1.3 Termination of Employment. Both the Company and Executive shall have the right to terminate Executive’s employment with the Company, with
or without Cause, and without prior notice, at any time during the Term. If Executive’s employment with the Company is terminated by the Company without
Cause, or voluntarily by Executive with Good Reason, Executive will receive all accrued but unpaid base salary and bonus compensation, as well as
severance benefits to the extent provided in this Agreement. If Executive’s employment with the Company is terminated for Cause or voluntarily by Executive
without Good Reason, no severance benefits shall be paid pursuant to this Agreement.