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As filed with the
Securities and Exchange Commission on January 26, 1999
Registration No. 333-20761
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 2
TO
FORM S-8
Registration Statement
Under
The Securities Act of 1933
LANVISION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 31-1455414
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Financial Way, Suite 400
Cincinnati, Ohio 45242-5859
(Address of principal executive offices) (Zip Code)
Robert F. Golden and Jeffrey L. Van Voorhis Option Agreements
(Full title of the plan)
Copy To:
Alan J. Hartman
J. Brian Patsy Legal Counsel
LanVision Systems, Inc. 905 Mercantile Library Building
One Financial Way, Suite 400 414 Walnut Street
Cincinnati, Ohio 45242-5859 Cincinnati, Ohio 45202
(513) 794-7100 (513) 639-7681
(Name, address and telephone number of agent for service)
The Registrant hereby amends the above referenced Registration Statement to add
as a part of Exhibit 4.1(b) the Severance Agreement document attached hereto.
Pursuant to the requirements of the Securities Act of 1933, the Registrant has
duly caused this Amendment No. 2 to the Registration Statement to be signed on
its behalf by the undersigned thereunto duly authorized, in the City of
Montgomery, State of Ohio, on this 25th day of January, 1999.
LanVision Systems, Inc.
By: / s / J. Brian Patsy
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J. Brian Patsy, Chief Executive Officer
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AMENDMENT TO EXHIBIT 4.1(b)
Paragraph 3.2.1 of the Severance Agreement below amends the Option Agreement
between LanVision Systems, Inc. and Jeffrey L. VanVoorhis dated May 1, 1996,
which is attached to the Registration Statement as Exhibit 4.1(b).
SEVERANCE AGREEMENT
1. INTRODUCTION
1.1 This Severance Agreement is made as of January 22, 1999 by and among
LanVision Systems, Inc., LanVision, Inc., (collectively "LanVision") and
Jeffrey L. VanVoorhis ("Employee").
1.2 Employee is an employee of LanVision having been hired on September 1,
1990. Employee and LanVision mutually desire to terminate their employment
relationship.
1.3 In consideration of the mutual promises and covenants set forth in this
Agreement, the parties agree to the terms and conditions set forth in this
Agreement.
2. SEPARATION FROM EMPLOYMENT
2.1 Employee will terminate Employee's employment with LanVision effective
January 22, 1999 ("Termination Date"). On or before this date, Employee
agrees to return to LanVision any and all LanVision property acquired
during Employee's term of employment.
3. CONSIDERATION FOR SIGNING
3.1 In consideration for Employee signing this Agreement, Employee shall
receive:
3.1.1 Payment of all salary, commissions, bonuses, any other compensation, as
applicable, and accrued but unused vacation earned as of the Termination
Date, and all reimbursable expenses incurred prior to the Termination
Date.
3.1.2 Coverage under LanVision's health insurance, dental insurance, and life
insurance benefits provided through The Guardian Insurance Company that
you currently have will remain in effect through the end of the month of
Employee's termination. Thereafter, Employee shall be entitled to exercise
COBRA rights in accordance with federal law, provided Employee timely
exercises Employee's COBRA rights by completing the appropriate forms.
3.2 In addition, as further consideration, the following actions shall be
taken:
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3.2.1 With regard to the letter agreement between LanVision Systems, Inc. and
Employee dated May 1, 1996, pursuant to which Employee was granted options
to acquire 30,063 shares of LanVision Systems, Inc. common stock ("Options
Letter"):
3.2.1.1 The first sentence of the second paragraph on page two of the
Options Letter should be as originally stated and is therefore
hereby amended to read as follows: "If you cease to be employed
by the Company or any subsidiary, parent, or assuming
corporation (as referred to in Section 424 of the Internal
Revenue Code of 1986, as amended (the "Code")), either directly
as an employee or indirectly as a consultant, independent
contractor, or similar relationship, for any reason other than
by death or permanent disability, all unexercised rights under
this option shall expire on the ninetieth day immediately
following the termination of such employment."
3.2.2 LanVision, Inc. and Employee shall enter a mutually agreeable agreement
for Employee to provide consulting services to LanVision.
3.3 Employee acknowledges and agrees that Employee shall receive no benefits
additional to those set forth above.
4. RELEASE OF CLAIMS
In consideration of the payments set forth in Paragraph 3 above, that
being good and valuable consideration, Employee acting of Employee's own
free will, voluntarily, and on behalf of Employee and Employee's heirs,
administrators, executors, successors, and assigns, releases LanVision and
its parent, subsidiaries, affiliates, directors, officers, and agents,
jointly and severally ("Releasees"), from any and all debts, obligations,
claims, demands, judgments, or causes of action of any kind whatsoever, in
tort, contract, by statute, or on any other basis, for compensatory,
punitive, or other damages, expenses, reimbursements, or costs of any
kind, including but not limited to any and all claims, demands, rights,
and/or causes of action arising out of Employee's employment with
LanVision or any employment contract; or relating to purported employment
discrimination or violations of civil rights under any applicable federal,
state, or local statute or ordinance or any other claim, whether statutory
or based on common law, arising by reason of Employee's employment with
LanVision, the termination of that employment, or circumstances related
thereto, or by reason of any other matter, cause, or thing whatsoever,
from the first date of employment to the later of the date of this
Agreement or the Termination Date.
5. NONDISCLOSURE AGREEMENT
5.1 LanVision shall make no disclosures concerning Employee's employment or
other information regarding Employee, except for confirming employment,
job title, dates of service, and rate of pay, plus additional information
as, and only as, required pursuant to
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subpoena or otherwise required by law, including securities laws and
regulations, unless otherwise consented to by Employee.
5.2 Employee shall not disclose or make reference to the terms of this
Agreement except to Employee's attorney and Employee's immediate family
without the prior written consent of the LanVision. Employee shall not
hereafter contact or communicate with LanVision's employees or former
employees regarding the subject matter of this Agreement.
5.3 Employee shall make no negative statements concerning, or take any action
that derogates LanVision or other Releasees, or its or other Releasees'
products, services, reputation, officers, employees, financial status, or
operations, or otherwise damage any of LanVision's or other Releases'
business relationships.
6. EFFECT OF VIOLATIONS BY EMPLOYEE
6.1 Any action by Employee in material violation of this Agreement shall void
LanVision's payment to Employee of all severance monies and the provision
of other benefits provided for in this Agreement and shall require
immediate repayment by Employee of the value of all consideration paid to
Employee by LanVision pursuant to this Agreement that is otherwise
unearned, shall result in the immediate cancellation of the other benefits
provided as consideration under this Agreement, and shall further require
Employee to pay all reasonable costs and attorneys fees in defending any
action Employee brings, plus any other damages to which LanVision may be
entitled. Employee further consents to the issuance of a temporary
restraining order, and/or injunction as an appropriate remedy for
violation of this Agreement by Employee, and will not contest the entry of
same if a violation is shown.
6.2 Any dispute between the parties about whether a violation of this
Agreement by Employee has occurred shall be settled by arbitration in
accordance with the Commercial Arbitration Rules of the American
Arbitration Association and judgment on the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction thereof.
7. DENIAL OF LIABILITY
The payment of the monies set forth in this Agreement does not constitute
an admission of liability or violation of any applicable law, any contract
provisions or any rule or regulation, as to which Releasees expressly deny
liability. This Agreement shall not be admissible in any proceeding except
in an action to enforce its terms.
8. SEVERABILITY
If any provision, or portion thereof, of this Agreement is held invalid or
unenforceable under applicable statute or rule of law, only that provision
or portion shall be deemed
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omitted from this Agreement, and only to the extent to which it is held
invalid, and the remainder of the Agreement shall remain in full force and
effect.
9. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the
laws of the State of Ohio, excluding its conflict of laws.
10. OPPORTUNITY FOR REVIEW
Employee acknowledges that execution of this Agreement is voluntary and
that Employee has been advised to consult with an attorney before
executing this Agreement to ensure that Employee fully and thoroughly
understands its legal significance.
11. ENTIRE AGREEMENT
This Agreement constitutes the complete agreement between the parties and
no other representations have been made by the parties. This document
resolves all outstanding issues arising from Employee's employment as of
the date of Employee's signing the Agreement and that Employee will not
receive anything further from LanVision.
<TABLE>
<CAPTION>
Jeffrey L. VanVoorhis LanVision Systems, Inc. and LanVision, Inc.
<S> <C>
By: / s / Jeffrey L. VanVoorhis By: / s / J. Brian Patsy
------------------------------------------------- -------------------------------------------------
(Signature) (Signature)
January 22, 1999 J. Brian Patsy
- ------------------------------------------------------- -------------------------------------------------------
(Date) (Name Typed or Printed)
Chief Executive Officer and President
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(Title)
January 22, 1999
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(Date)
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