Agreement
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EXHIBIT 10.03
This is an agreement between Ceridian Corporation ("Ceridian") and Xxxxxxxx Xxxxxxx ("Xxxxxxx") dated as of May 1, 2000.
- 1.
- Ceridian
hereby engages Xxxxxxx as a consultant during the period May 1, 2000 through December 31, 2000, and Xxxxxxx accepts such engagement.
- 2.
- Xxxxxxx'x
contact at Ceridian for the provision of the consulting services provided under this Agreement is Xxxxxx X. Xxxxxx, Chairman, President and Chief Executive Officer of
Ceridian ("Xxxxxx").
- 3.
- The
nature of the consulting provided by Xxxxxxx under this Agreement shall be as mutually agreed between Xxxxxxx and Xxxxxx, and is expected to relate to creation of shareholder
value for Ceridian shareholders.
- 4.
- The
services provided by Xxxxxxx under this Agreement will be provided as an independent contractor, and not as an agent or employee. Xxxxxxx shall be responsible for all applicable
withholdings under federal, state, and local laws.
- 5.
- This
Agreement shall not change or modify any other agreement between Ceridian and Xxxxxxx.
- 6.
- For
his consulting services provided pursuant to this Agreement, Ceridian will pay Xxxxxxx the amount of $125,000 payable on June 1, 2000, and $125,000 payable on
November 1, 2000.
- 7.
- Ceridian
will pay or reimburse, from time to time, as appropriate receipts are presented to it, expenses incurred by Xxxxxxx associated with the consulting services provided under
this Agreement, up to an aggregate amount of $25,000.
- 8.
- Since the services provided under this Agreement are being provided as an independent contractor, and not as an employee, Xxxxxxx understands and agrees that any payments received under this Agreement will in no way impact any benefits he is entitled to from Ceridian relating to his services to Ceridian as an employee.
/s/ Xxxxxxxx Xxxxxxx |
/s/ Xxxxxx X. Xxxxxx |
|
Xxxxxxxx Xxxxxxx | Ceridian Corporation | |
May 20, 2000 | by Xxxxxx X. Xxxxxx, Chairman, President and Chief Executive Officer May 17, 2000 |