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EXHIBIT 10.22
EMPLOYMENT AGREEMENT
XXXXX XXXXXX XXXXXX
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EMPLOYMENT AGREEMENT
THIS AGREEMENT effective as of March 3, 1997 by and between Xxxxxxx
Corporation, a Georgia corporation (the "Company"), and Xxxxx Xxxxxx Xxxxxx,
whose address is 0000 XX 00xx Xxxxx Xxxxx, Xxxxx, Xxxxxxx 00000 (the
"Executive").
W I T N E S S E T H:
WHEREAS, the Company is engaged directly and through its franchisees
and licensees in and throughout the Area in the Business of the Company; and
WHEREAS, the Company desires to employ the Executive as Chief Operating
Officer of the Company and the Executive desires to be employed on the terms and
conditions hereinafter set forth; and
WHEREAS, in the course of the Executive's employment, the Executive
will gain knowledge of the business, affairs, finances, management, marketing
programs and philosophy, customers and methods of operation of the Company, will
be trained at the expense of the Company in the operation and management of the
Business of the Company and the marketing and sale of the Company's services
through the use of techniques, systems, forms and methods used and devised by
the Company, will have access to lists of the Company's customers in the Area
and their needs and will become personally known to and acquainted with the
Company's major customers in the Area thereby establishing a personal
relationship with such customers for the benefit of the Company; and
WHEREAS, the Company would suffer irreparable harm if the Executive
were to use such knowledge, information, business acumen and personal
relationships in competition with the Company; and
WHEREAS, the Company recognizes the contributions to be made by the
Executive to the Company and, to assure that the Company will continue to have
the Executive's services available to it, desires to provide the Executive with
benefits upon the occurrence of certain contingencies in addition to the annual
compensation payable hereunder.
NOW, THEREFORE, in consideration of the employment of the Executive by
the Company, the above premises and the mutual agreements hereinafter set forth,
the parties agree as follows:
1. Definitions.
(a) "Affiliate" or "Affiliated" means any person, firm, corporation,
partnership, association or entity that directly or indirectly controls, is
controlled by, or is under common control with, a specified person, firm,
corporation, partnership, association or entity.
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(b) "Area" shall mean the area set forth in Exhibit A attached hereto
and made a part hereof. As and when the territory in which the Executive
performs his Duties, changes, Exhibit A will, upon the mutual agreement of the
Company and the Executive, be amended to include such changed territory. Such
amended Exhibit A, when executed by the Company and the Executive, shall be
attached hereto and shall replace the previous Exhibit A hereto.
(c) "Associate" means (i) any corporation, partnership or other entity
of which a specified person is an officer or partner, or is, directly or
indirectly, the beneficial owner of ten percent (10%) or more of any class of
equity securities thereof, (ii) any trust or estate in which the specified
person has a substantial beneficial interest or as to which the specified person
serves as trustee or in a similar fiduciary capacity, (iii) any relative or
spouse of such specified person, or any relative of such spouse, who has the
same home as such specified person, and (iv) any person who is a trustee,
officer or partner of such specified person or of any corporation, partnership
or other entity that is an Affiliate of such specified person.
(d) "Beneficial Owner" shall be defined by reference to Rule 13d-3
under the Exchange Act as such Rule is in effect on the date hereof; provided,
however, that any individual, corporation, partnership, Group, association or
other person or entity which, directly or indirectly, owns or has the right to
acquire any of the Company's outstanding securities entitled to vote generally
in the election of directors at any time in the future, whether such right is
contingent, absolute, direct or indirect, pursuant to any agreement, arrangement
or understanding or upon exercise of conversion rights, warrants or options or
otherwise, shall be deemed the Beneficial Owner of such securities.
(e) "Business of the Company" shall mean and include the business of
marketing and providing personnel, including but not limited to office,
professional and light industrial personnel, on a temporary basis to customers
located in the Area, and marketing and providing to customers located in the
Area facilities staffing, contract services, management services, outsourcing,
training, and data entry services or the licensing or franchising of others to
engage in any such business. It shall also mean the business of conducting the
affairs and activities of the Corporate Office in conjunction with all such
business described in this section.
(f) "Cause" shall mean conduct of the Executive amounting to fraud,
dishonesty, gross or willful misconduct or neglect of duty, conviction of any
federal, state or local laws involving a felony or crime involving fraud or
moral turpitude (other than pursuant to actions taken at the direction or with
the approval of the Board of Directors of the Company), or engaging in
activities prohibited by Sections 5, 6, 7 and 8 hereof.
(g) A "Change of Control" shall be deemed to have occurred if and when
(i) any individual, corporation, partnership, Group, association or other person
or entity, together with his, its or their Affiliates or Associates (other than
a trustee or other fiduciary holding securities under an employee benefit plan
of the Company or Xxx X. Xxxxxxx and his Affiliates) hereafter becomes the
Beneficial Owner of securities of the Company representing thirty percent (30%)
or more of the combined voting power of the Company's then outstanding
securities entitled to vote generally in the election of directors; (ii) the
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Continuing Directors of the Company shall at any time fail to constitute a
majority of the members of the Board of Directors of the Company; or (iii) all
or substantially all of the assets of the Company are sold, conveyed,
transferred or otherwise disposed of, whether through one event or a series of
related events, without such sale or transfer being Duly Approved by the
Continuing Directors of the Company.
(h) "Competing Business" shall mean any business which is the same or
substantially the same as the Business of the Company and its subsidiaries.
(i) "Confidential Information" shall mean all information related to
the Business of the Company which (i) derives economic value, actual or
potential, from not being generally known to other persons who can obtain
economic value from its disclosure or use and (ii) is the subject of efforts by
the Company that are reasonable under the circumstances to maintain its secrecy.
Assuming the criteria in clauses (i) and (ii) above are met, Confidential
Information shall include, without limitation, actual and potential customer
lists, sales and marketing information, customer account records, training and
operations material and memoranda, computer software and systems, personnel
records, code books, pricing information and financial information concerning or
relating to the business, accounts, customers, associates and affairs of the
Company or its subsidiaries, franchisees or licensees and all physical
embodiments of the foregoing, all of which are hereby agreed to be the property
of and confidential to the Company. Confidential Information shall not include
(i) information released to the public at large without restriction, (ii)
information generally known to be obtainable from public sources in usable form
without significant effort or expense, (iii) information lawfully and
independently developed or acquired without reliance in any way on the
information received pursuant to the Executive's employment hereunder, and (iv)
general skills and learning lawfully and independently acquired.
(j) "Continuing Director" means a director who either was a member of
the Board of Directors of the Company on the date hereof, or who becomes a
member of the Board of Directors of the Company subsequent to such date and
whose election or nomination for election by the Board of Directors of the
Company was Duly Approved by the Continuing Directors of the Company at the time
of such election or nomination, either by a specific vote or by approval of the
proxy statement issued by the Company on behalf of the Board of Directors of the
Company in which such person is named as a nominee for director.
(k) "Corporate Office" shall mean the office of the Company at 0000
Xxxxxxxx Xxxx, X.X., Xxxxxxx, Xxxxxxx 00000.
(l) "Duly Approved by the Continuing Directors" means an action
approved by the vote of at least a majority of the Continuing Directors then on
the Board of Directors of the Company; provided, however, if the votes of such
Continuing Directors in favor of such action would be insufficient to constitute
an act of the entire Board of Directors of the Company as if a vote by all of
its members had been taken, or if the number of persons constituting the
Continuing Directors of the Company is three or less, then the term "Duly
Approved by the Continuing Directors" shall mean an action approved by the
unanimous
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vote of the Continuing Directors then on the Board of Directors of the Company.
(m) "Duties" shall mean the duties set forth on Exhibit B attached
hereto and made a part hereof. As and when the Duties of the Executive changes,
Exhibit B will, upon the mutual agreement of the Company and the Executive, be
amended to reflect such changes in the Executive's Duties. Such amended Exhibit
B, when executed by the Company and the Executive, shall be attached hereto and
shall replace previous Exhibit B hereto in its entirety.
(n) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.
(o) "Group" means persons who act in concert as described in Section
13(d)(3) of the Exchange Act as in effect on the date hereof.
(p) "Invention" means any discovery, whether or not patentable,
including, but not limited to, any useful process, method, formula, technique,
machine, manufacture, composition of matter, algorithm or computer program, as
well as improvements thereto, which is new or which the Executive has a
reasonable basis to believe may be new.
(q) "Subject Invention" means any Invention which is conceived by the
Executive alone or in a joint effort with others during the Executive's
employment by the Company which (i) may be reasonably expected to be used in a
product of the Company; (ii) results from work that the Executive has been
assigned as part of his Duties as an employee of the Company; (iii) is in an
area of technology which is the same as or substantially related to the areas of
technology with which the Executive is involved in the performance of his Duties
as an employee of the Company; or (iv) is useful, or which the Executive
reasonably expects may be useful, in any manufacturing or product design process
of the Company.
(r) "Work" means a copyrightable work of authorship, including without
limitation, any technical descriptions for products, user's guides,
illustrations, advertising materials, computer programs (including the contents
of read only memories) and any contribution to such materials.
2. Terms of Employment; Duties.
(a) The Company agrees to employ the Executive as Chief Operating
Officer of Xxxxxxx Corporation and the Executive agrees to such employment with
the Company subject to the terms and conditions hereof.
(b) The Company agrees to employ the Executive to perform the Duties
and such other tasks as the Board of Directors or the President and Chief
Executive Officer of the Company, or their respective designees, may assign to
the Executive from time to time and the Executive agrees to perform the Duties
for the Company, subject to the terms and conditions hereof.
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(c) All funds and property received by the Executive on behalf of the
Company or its parent or any Affiliated corporation shall be received and held
by the Executive in trust, and the Executive shall account for and remit all
such funds to the Company.
3. Compensation.
(a) For services provided hereunder, the Company shall pay to the
Executive an annual salary of Four Hundred Fifty Thousand Dollars ($450,000) per
year subject to adjustment from time to time by written agreement of the
Executive and the Company. Such annual salary shall be paid periodically in
accordance with the Company's payroll practices in effect from time to time and
shall be subject to deductions for income and other taxes as required by law.
The Executive shall also be paid a bonus, if earned, in accordance with the
terms of Exhibit D attached hereto, subject to adjustment from time to time by
agreement of the Executive and the Company. The Executive shall receive the
employee benefits, or their equivalent, as described in the offer letter dated
February 26, 1997, including MERP, PERK, country club dues, car allowance, and
the like; benefits may be changed from time to time by agreement of the
Executive and the Company.
(b) The Executive shall be entitled to be reimbursed in accordance with
the policies of the Company, as adopted and amended from time to time, for all
reasonable and necessary expenses incurred by the Executive in connection with
the performance of his Duties of employment hereunder; provided the Executive
shall, as a condition of such reimbursement, submit verification of the nature
and amount of such expenses in accordance with the reimbursement policies from
time to time adopted by the Company.
(c) The Executive shall receive no compensation in addition to that set
forth in this Section 3 for any services rendered by the Executive in any
capacity to the Company or any affiliated corporation. Nothing contained herein
shall, however, preclude the Executive from participating in any present or
future incentive compensation, bonus, profit-sharing, stock option, stock
purchase, pension, retirement, medical or insurance plan of the Company as and
to the extent granted or approved by the Board of Directors of the Company.
4. Termination of Employment.
(a) The employment of the Executive by the Company may be terminated by
the Company immediately for Cause; provided, however, that if such Cause is the
Executive's gross or willful misconduct or neglect of duty, the instance of such
gross or willful misconduct or neglect of duty shall be communicated to the
Executive with specificity by written notice by the Company. The Executive shall
have the opportunity to cure such action, inaction, or behavior constituting
gross or willful misconduct or neglect of duty to the reasonable satisfaction of
the Board of Directors of the Company within a reasonable period of time, which
period shall not be less than five (5) business days following receipt of such
written notice from the Company. The Chairman of the Board of Directors of the
Company shall also provide the Executive with an opportunity to meet with him in
order to provide the Executive an opportunity to refute or explain acts,
omissions or behavior
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referred to in such written notice. If such acts, omissions or behavior cannot
be refuted or reversed, the Executive's written assurance (demonstrated by
conduct on his part not inconsistent with such assurance) that he will not
repeat such acts, omissions or behavior shall constitute a cure, provided,
however, that a second instance of substantially the same act, omission or
behavior may not be cured by subsequent written assurance, but shall constitute
grounds for immediate termination for Cause.
(b) The Executive may terminate this Agreement and his employment
hereunder voluntarily by giving no less than two (2) weeks prior notice.
(c) The Executive may terminate this Agreement and his employment
hereunder by giving the Company no less than two (2) weeks prior notice if (i)
he is dismissed by the Company (x) without Cause within three (3) years after a
Change in Control or (y) without Cause at any other time, (ii) material changes
in the nature or scope of the Executive's Duties are made without his consent,
(iii) any change of the Executive's title is made without his consent, (iv) the
Executive's office is relocated to a location more than fifty (50) miles from
the city limits of Atlanta, Georgia, (v) the Executive's compensation or
benefits are reduced without his consent, or (vi) the Company breaches this
Agreement.
(d) If the Company terminates this Agreement and the Executive's
employment hereunder for any reason specified in subparagraph (a) of this
Section 4 or the Executive terminates this Agreement and his employment
hereunder voluntarily as set forth in subparagraph (b) of this Section 4, the
Company shall have no further obligation to the Executive or his personal
representative with respect to this Agreement or his employment hereunder except
for compensation accrued hereunder and unpaid at the date of such termination
and except with respect to the Executive's participation in benefit plans of the
Company and his rights and benefits under any other agreement between him and
the Company, all of which shall be governed by such other plans and agreements.
(e) If (i) a Change in Control of the Company occurs while the
Executive is employed by the Company and if within three (3) years of such
Change in Control the Company terminates this Agreement and the employment of
the Executive hereunder without Cause or (ii) the Executive terminates this
Agreement and his employment hereunder for any reason specified in subparagraph
(c) of this Section 4, (A) the Executive shall be entitled to receive, for a
period of twenty-four (24) months from the date of termination, the compensation
set forth in Section 3 hereof and (B) all options to purchase stock of the
Company held by the Executive shall become immediately exercisable and, upon
request of the Executive, the Company shall purchase for cash, within ten (10)
days of such request, all stock of the Company then held by the Executive for
its fair market value and all options to purchase stock of the Company then held
by the Executive for the excess of the fair market value of the stock
purchasable upon the exercise of such options over the exercise price of such
options. The fair market value of stock of the Company shall be the last quoted
price for such stock, if it is then publicly traded, prior to the date of the
Executive's request, and if it is not then publicly traded, shall be the value
determined in good faith by the Board of Directors of the Company. If the
Executive disagrees with the determination of the Board of Directors, the
Executive and the Company shall agree on an investment banking firm to make such
determination. If they cannot agree on the selection of such firm, each of the
Company and the Executive shall choose an investment
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banking firm and if the two such firms cannot agree, such two firms shall choose
a third investment banking firm which shall choose one of the values determined
by the other two investment banking firms. The Company shall pay all of the fees
and expenses of all of the investment banking firms which are engaged under this
Section 4(e). If the purchase of such stock and options would cause the
Executive to be liable under Section 16(b) of the Exchange Act, he shall be
allowed to defer such purchase as necessary to avoid such liability.
(f) In the event that any of the payments or benefits that are provided
for hereunder or under any other plan, agreement or arrangement between the
Executive and the Company, be determined to be subject to an excise or similar
purpose tax pursuant to Section 4999 of the Internal Revenue Code of 1986 as
amended, or any successor or other comparable federal, state or local tax laws,
the Company shall pay to the Executive such additional compensation as is
necessary (after taking into account all federal, state and local income taxes
payable by the Executive as a result of the receipt of such additional
compensation) to place the Executive in the same aftertax position (including
federal, state and local taxes) he would have been in had no such tax (or any
interest or penalties thereon) been paid or incurred.
(g) Except in the case of the Executive's termination of employment
under subparagraphs (c) (i) (x) of this Section 4, the covenants of the
Executive in Sections 5, 6, 7 and 8 shall survive the termination, amendment or
replacement of this Agreement and the termination of the Executive's employment
hereunder, and shall not be extinguished by any of such events. Upon termination
of the Executive's employment under subparagraphs (c) (i) (x) of this Section 4,
the covenants of the Executive in Sections 5, 6 and 7 shall be void and of no
further effect, but the covenant of the Executive in Section 8 shall continue in
effect.
5. Agreement Not to Compete.
The Executive agrees that (a) during the Executive's employment by the
Company and for a period of two (2) years following the termination, for any
reason, of this Agreement or of the Executive's employment with the Company,
whichever shall first occur, the Executive will not, without the prior written
consent of the Company, within the Area, either directly or indirectly, on the
Executive's own behalf or in the service or on behalf of others, engage in any
Competing Business as either (i) a manager, supervisor, administrator,
consultant, instructor, officer, director, executive employee or salesperson
providing services the same as or substantially similar to the Duties, or (ii)
as a shareholder or owner of interests (other than as a shareholder of less than
five percent (5%) of the issued and outstanding voting securities of an entity
whose voting securities are traded on a national securities exchange or are
reported on the automated quotation system of the National Association of
Securities Dealers, Inc.) in any Competing Business.
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6. Agreement Not to Solicit Customers.
The Executive agrees that during the Executive's employment by the
Company and for a period of two (2) years following the termination, for any
reason, of this Agreement or of the Executive's employment with the Company,
whichever shall first occur, the Executive will not, without the prior written
consent of the Company, within the Area, either directly or indirectly, on the
Executive's own behalf or in the service or on behalf of others, solicit, divert
or appropriate, or attempt to solicit, divert or appropriate, to any Competing
Business any person or entity whose account with the Company or any of its
subsidiaries was sold, serviced or actively solicited by or under the
supervision of the Executive during the two (2) years preceding the termination
of such employment.
7. Agreement Not to Solicit Employees.
The Executive agrees that during the Executive's employment by the
Company and for a period of two (2) years following the termination, for
whatever reason, of this Agreement or of the Executive's employment with the
Company, whichever shall first occur, the Executive will not, either directly or
indirectly, on the Executive's own behalf or in the service or on behalf of
others, solicit, divert or hire away or attempt to solicit, divert or hire away,
to any Competing Business (i) any person employed by the Company or any of its
subsidiaries, franchisees or licensees within the Area, whether or not such
employee is a full-time associate or a temporary employee of the Company,
subsidiaries, franchisees or licensees, and whether or not such employment is
pursuant to written agreement and whether or not such employment is for a
determined period or is at will or (ii) any person or entity that is a
franchisee or licensee of the Company within the Area, nor will the Executive at
any time during such period, either directly or indirectly, induce or attempt to
induce any such employee, franchisee or licensee to terminate, breach or
otherwise fail fully to perform any employment agreement or franchise or license
agreement with the Company or any of its subsidiaries.
8. Ownership and Non-Disclosure and Non-Use of Confidential Information.
(a) The Executive acknowledges and agrees that all Confidential
Information, and all physical embodiments thereof, is confidential to and shall
be and remain the sole and exclusive property of the Company. Upon request by
the Company, and in any event upon termination of the Executive's employment
with the Company for any reason, as a prior condition to receiving any final
wage or salary check, the Executive shall promptly deliver to the Company all
property belonging to the Company including, without limitation, all
Confidential Information (and all embodiments thereof) then in the Executive's
custody, control or possession, but any forfeiture of such wage or salary check
shall not be considered as satisfaction or a release of or liquidated damages
for any claims for damages against the Executive which may accrue to the Company
as a result of any breach of this Section 8(a) by the Executive.
(b) The Executive agrees that the Executive will not, either during the
term of the Executive's employment by the Company or for five (5) years
thereafter, without the
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prior written consent of the Company, disclose or make available any
Confidential Information to any person or entity or make or cause to be made or
permit or allow, either on the Executive's own behalf or on behalf of others,
any use of any Confidential Information other than in the proper performance of
the Executive's duties hereunder. The Company agrees that the Executive is not
prohibited hereby from disclosing or using any Confidential Information which
the Executive is required to disclose pursuant to a requirement of a
governmental agency or of law without similar restrictions or other protections
against public disclosure, provided, however, that the Executive shall first
have given written notice of such required disclosure to the Company and have
taken reasonable steps to allow the Company to seek to protect the
confidentiality of the information required to be disclosed.
9. Inventions.
(a) The Executive agrees that all Subject Inventions conceived or first
practiced by the Executive during his employment by the Company, and all patent
rights and copyrights to the Subject Inventions will become the property of the
Company, and the Executive hereby irrevocably assigns to the Company all of his
rights to all Subject Inventions.
(b) The Executive agrees that if he conceives an Invention during his
or her employment and there is a reasonable basis to believe that the Invention
is a Subject Invention, the Executive will promptly provide a written
description of the Invention to the Company adequate to allow evaluation for a
determination as to whether the Invention is a Subject Invention.
(c) If, upon commencement of the Executive's employment with the
Company, the Executive has previously conceived an Invention or acquired any
ownership interest in any Invention, which: (i) is the Executive's property, or
of which the Executive is a joint owner with another person or company; (ii) is
not described in any issued patent as of the commencement of the Executive's
employment with Company; and (iii) would be a Subject Invention if such
Invention was made while a Company employee; then the Executive must, at the
Executive's election, either: (i) provide the Company with a written description
of the Invention on Exhibit C, if any, in which case the written description
(but no rights to the Invention) shall become the property of the Company; or
(ii) provide the Company with the license described in Section 9(d) of this
Agreement.
(d) If the Executive has previously conceived or acquired any ownership
interest in an Invention described above in Section 9(c) and the Executive
elects not to disclose the same to the Company as provided above, then the
Executive hereby grants to the Company a nonexclusive, paid-up, royalty-free
license under all patents to issue in any country which pertain to the
Invention.
(e) The Executive owns no patents, individually or jointly with others,
except those described on Exhibit C, if any.
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10. Patent Applications.
(a) The Executive agrees that should the Company elect to file an
application for patent protection, either in the United States or in any foreign
country on a Subject Invention of which the Executive was an inventor, the
Executive will execute all necessary documentation relating to the patent
applications, including formal assignments to the Company.
(b) The Executive further agrees that he will cooperate with attorneys
or other persons designated by the Company by explaining the nature of any
Subject Invention for which the Company elects to file an application for patent
protection, reviewing applications and other papers and providing any other
cooperation required for prosecution of the patent applications. The Company
will be responsible for all expenses incurred for the preparation and
prosecution of all patent applications on Subject Inventions assigned to the
Company.
11. Copyrights.
(a) The Executive agrees that any Works created by the Executive in the
course of the Executive's Duties as an employee of the Company are subject to
the "Work for Hire" provisions contained in Sections 101 and 201 of the United
States Copyright Law, Title 17 of the United States Code. All right, title and
interest to copyrights in all Works which have been or will be prepared by the
Executive within the scope of his employment with the Company will be the
property of the Company. The Executive acknowledges and agrees that, to the
extent the provisions of Title 17 of the United States Code do not vest in the
Company the copyrights to any Works, the Executive hereby assigns to the Company
all right, title and interest to copyrights which the Executive may have in the
Works.
(b) The Executive must disclose to the Company all Works referred to in
Section 11(a) and will execute and deliver all applications, registrations and
documents relating to the copyrights to the Works and will provide assistance to
secure the Company's title to the copyrights in the Works. The Company will be
responsible for all expenses incurred in connection with the registration of all
the copyrights.
(c) The Executive claims no ownership rights in any Works, except those
described on Exhibit C, if any.
12. Contracts or Other Agreements with Former Employer or Business.
(a) The Executive agrees that he will provide to the Company, upon the
execution and delivery of this Agreement, a copy of the pertinent portions of
any employment agreement or similar document (described on Exhibit E, if any),
executed by the Executive with a former employer or any business with which the
Executive has been associated, which prohibits the Executive during a period of
time from: (i) competing with or participating in a business which competes with
the Executive's former employer or
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business; (ii) soliciting personnel of the former employer or business to leave
the former employer's employment or to leave the business; or (iii) soliciting
customers of the former employer or business on behalf of another business.
(b) The Executive hereby represents to the Company that he has not
executed any agreement with any other party which purports to require the
Executive to assign any Work or any Invention created, conceived or first
practiced by the Executive during a period of time which includes the date of
his commencement of employment with the Company, except as described on Exhibit
E, if any. The Executive will obtain and provide to the Company a copy of any
such described agreement.
13. Severability.
(a) The Executive agrees that the covenants and agreements contained in
Section 5, 6, 7 and 8 of this Agreement are of the essence of this Agreement;
that each of such covenants is reasonable and necessary to protect and preserve
the interests and properties of the Company and the Business of the Company;
that the Company is engaged in and throughout the Area in the Business of the
Company; that irreparable loss and damage will be suffered by the Company should
the Executive breach any of such covenants and agreements; that each of such
covenants and agreements is separate, distinct and severable not only from the
other of such covenants and agreements but also from the other and remaining
provisions of this Agreement; that the unenforceability of any such covenant or
agreement shall not affect the validity or enforceability of any other such
covenant or agreement or any other provision or provisions of this Agreement;
and that, in addition to other remedies available to it, the Company shall be
entitled to both temporary and permanent injunctions to prevent a breach or
contemplated breach by the Executive of any of such covenants or agreements. In
the event that the Company should seek an injunction hereunder, the Executive
waives any requirement that the Company post a bond or any other security.
(b) In the event that the Executive shall breach any of the covenants
set forth in Section 5, 6, 7 or 8 hereof, the running of the period of the
restriction set forth in such Section shall be tolled during the continuation of
any such breach by the Executive, and the running of the period of such
restrictions shall commence only upon compliance by the Executive with the terms
of the applicable Section.
14. Expenses of the Executive.
(a) All costs and expenses (including reasonable legal, accounting and
other advisory fees) incurred by the Executive to enforce his rights under this
Agreement, including but not limited to his rights to receive the compensation
payable pursuant to Sections 3 and 4 hereof, upon written demand by the
Executive to the Company shall be promptly advanced or reimbursed to the
Executive or paid directly, on a current basis, by the Company or its
successors.
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(b) If at any time during the term of this Agreement or afterwards
there should arise any dispute as to the rights of the Executive under this
Agreement, the Company agrees, upon written demand by the Executive to the
Company (and the Executive shall be entitled, upon application to any court of
competent jurisdiction, to the entry of a mandatory injunction, without the
necessity of posting any bond with respect thereto, compelling the Company)
promptly to provide sums sufficient to pay on a current basis (either directly
or by reimbursing the Executive) the Executive's costs and reasonable attorneys'
fees (including, without limitation, expenses of investigation and disbursements
for the fees and expenses of experts) incurred by the Executive in connection
with any such dispute or any litigation, regardless of whether the Executive is
the prevailing party in such dispute or litigation; provided that, the court in
which such litigation is first initiated determines with respect to this
obligation, upon application of either party hereto, that the Executive did not
initiate such litigation frivolously. Under no circumstances shall the Executive
be obligated to pay or reimburse the Company for any attorneys' fees, costs or
expenses incurred by the Company. The provisions of this Section 14 shall
survive the expiration or termination of this Agreement.
15. No Set-off by the Executive.
The existence of any claim, demand, action or cause of action by the
Executive against the Company, or any subsidiary or Affiliate of the Company,
whether predicated upon this Agreement or otherwise, shall not constitute a
defense to the enforcement by the Company of any of its rights hereunder.
16. Amendment.
This Agreement and the exhibits attached hereto may be altered,
amended, modified or superseded only by a writing executed by both of the
parties hereto.
17. Assignment; Entire Agreement.
(a) This Agreement may be assigned by the Company and shall inure to
the benefit of any such assignee. The waiver by the Company of any breach of
this Agreement by the Executive shall not be effective unless in writing, and no
such waiver shall constitute the waiver of the same or another breach on a
subsequent occasion.
(b) This Agreement and those provisions of prior employment agreements
(if any) between the Executive and the Company which are expressly stated to
survive the termination or the replacement of any such agreement embody the
entire agreement of the parties hereto relating to the employment by the Company
of the Executive in the capacity herein stated.
12
14
IN WITNESS WHEREOF, the Company and the Executive have each caused this
Agreement to be executed and delivered as of the date first shown above.
THE COMPANY:
XXXXXXX CORPORATION
By: /s/ Xxxx Xxxx
----------------------------------------
(Date)
Title: V.P.
-------------------------------------
THE EXECUTIVE:
/s/ Xxxxx Xxxxxx Xxxxxx 5/30/97
--------------------------------------------
Xxxxx Xxxxxx Xxxxxx (Date)
13
15
EXHIBIT A
The Area shall be within 25 miles of each office listed on the attached
Schedule 1 to this Exhibit A.
THE COMPANY:
XXXXXXX CORPORATION
By: /s/ Xxxx Xxxx
----------------------------------------
(Date)
Title: V.P.
-------------------------------------
THE EXECUTIVE:
/s/ Xxxxx Xxxxxx Xxxxxx 5/30/97
--------------------------------------------
Xxxxx Xxxxxx Xxxxxx (Date)
14
16
Schedule 1
MASTERS 2/6/97
-------------------------------------------------------------------------------------------------
MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1005 74-731300-1005 0000 XXXXXXX XXXXX XXXXXXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1007 74-731300-1007 1512 J. EATONTON XXX XXXXXXX X.X. XX 00000-
-------------------------------------------------------------------------------------------------
1010 74-731300-1010 0000 XXXXX XXXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1012 74-731300-1012 0000 XXXXXXXX XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1013 74-731300-1013 0000 XXXXXXXXX XXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1014 74-731300-1014 0000 XXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1016 74-731300-1016 0000 XX XXX 00 XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1017 74-731300-1017 0000 XXXXXXX XXXXXX XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1018 74-731300-1018 000 XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1021 70-123205-1021 0000 XXXXXXXXXX XXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1022 70-123205-1022 0000 XXXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1024 70-123205-1024 000 X. XXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1025 70-123205-1025 000 X XXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1026 70-123205-1026 000 X XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1028 74-731300-1028 0000 X X 0XX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1029 74-731300-1029 0000 XXXXXXXXX 00XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1030 74-731300-1030 0000 XXXXXXXXXX XX XXXXXXX X/X XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1031 74-731300-1031 0000 XXXXXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1034 74-731300-1034 000 XXXXX XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1037 70-123205-1037 000 XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1038 70-123205-1038 0000 00XX XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1042 70-123205-1042 0000 XXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1050 70-123205-1050 000 XXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1051 70-123205-1051 0000 XXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1053 74-731300-1053 000 XXX 00 X XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1055 74-731300-1055 0000 X XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1056 74-731300-1056 0000 XXXXXXXXXXXX XXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1059 74-731300-1059 0000 XXXXX XXXX XXXXXXX X 0000/00 XX 00000-
-------------------------------------------------------------------------------------------------
1060 74-731300-1060 00000 XXXXXXXXX XXXXXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1062 74-731300-1062 0000 XXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1065 74-731300-1065 000 X XXXX XXXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1066 74-731300-1066 00000 XXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1069 74-731300-1069 000 X 00XX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1071 74-731300-1071 0000 XXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1072 74-731300-1072 0000 XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1073 70-123205-1073 0000 X. XXXX XXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1075 70-123205-1075 000 XXXXX XXXXXXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1080 74-731300-1080 000 00XX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1084 74-731300-1084 00000 X XXXXX XXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1086 74-731300-1086 0000 XXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1087 74-731300-1087 0000 XXX XXXXX XXXXXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1089 74-731300-1089 000 XXXXXXXXX XX XXXXXXX X/X X X XXX XX 00000-
-------------------------------------------------------------------------------------------------
1094 70-123205-1094 000 XXXXX XXXXXXXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1095 70-123205-1095 0000 XXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1100 70-123205-1100 0000 XXXXXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1101 70-123205-1101 000 XXXXXXXX XXXXXXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1109 70-123205-1109 0000 XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1110 70-123205-1110 0000 XXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1110 63-731300-1005 0000 XXXXXXX XXXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1114 70-123205-1114 0000 XXXXXXX XXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
Page 1
17
MASTERS 2/6/97
-------------------------------------------------------------------------------------------------
MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1115 70-123205-1115 0000 XXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1116 70-123205-1116 0000 XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1117 74-731300-1117 0000 XXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1119 70-123205-1119 000 XXXX XXXXXXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1124 70-123205-1124 0000 XXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1126 70-123205-1126 0000 XXXXX XXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1127 70-123205-1127 000 XXXX XXXXXXX 0 XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1128 70-123205-1128 0000 X X 00XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1129 70-123205-1129 0000 XXXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1132 74-731300-1132 00 XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1134 70-123205-1134 000 XXXXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1140 74-731300-1140 000 X XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1144 74-731300-1144 0000 XXXXXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1145 70-731300-1145 00 XXXX XXX XXXXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1149 74-731300-1149 0000 XXXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1152 74-731300-1152 0000 X XXX XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1153 74-731300-1153 00000 X XXXXXX XX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1160 74-731300-1160 0000 X XXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1161 74-731300-1161 0000 X XXXXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1168 70-123205-1168 0000 XXXXXXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1169 70-123205-1169 0000 XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1170 74-731300-1170 0 XXX XXXXXXX XXXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1172 74-731300-1172 0000 XXX XXXXX XXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1173 74-731300-1173 00 XXXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1174 74-731300-1174 000 X XXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1176 70-123205-1176 0000 X XXXXXXXXXXXXXX XX XXXXXXX XX SPEEDWA IN 46224-
-------------------------------------------------------------------------------------------------
1177 74-731300-1177 0000 XXXXXXXXX XX XX XXXXXXX X X (0000) XX 00000-
-------------------------------------------------------------------------------------------------
1178 74-731300-1178 000 X XXXXX XX XXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1179 74-731300-1171
-------------------------------------------------------------------------------------------------
1179 74-731300-1179 0000 XXXXXXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1180 74-731300-1180 FREEDOM BUSINESS CNTR XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1181 74-731300-1181 00000 XXXXXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1183 70-123205-1183 0000 XXXXXXXXXX XXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1187 70-123205-1187 000 XXXXX XXXXX XXX XXXXXXX XXXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1189 70-123205-1189 000 XX 00 X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1190 74-731300-1190 0000 XXXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1192 74-731300-1192 0000 X XXXXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1194 63-731300-1194 000 X. XXXXX XX XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1195 74-731300-1195 000 XXXXXXX XXXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1196 74-731300-1196 0000 XXXXXXXXX XXXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1198 74-731300-1198 0000 XXXXX XXXXX XXX XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1199 74-731300-1199 000 XXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1202 74-731300-1202 000 X XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1203 74-731300-1203 00 X XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1204 70-123205-1204 0000 XX 00 X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1205 74-731300-1205 0000 XXXXXXXXX XXXX XXXXXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1209 70-123205-1209 000 X. XXXXXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1211 63-731300-1211 000 XXXXXXXXXX XXX XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1212 74-731300-1212 0000 X XXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1214 74-731300-1214 00 XXXX XXXXXX XX XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
Page 2
18
MASTERS 2/6/97
-------------------------------------------------------------------------------------------------
MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1215 70-123205-1215 0000 XXXXXX XXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1218 74-731300-1218 0000 XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1219 70-123205-1219 0000 X X XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1220 74-731300-1220 0000 XXXXXXXX XX XXXXXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1221 70-123205-1221 0000 X. XXX X.X. XXX 00 XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1222 70-123205-1222 000 XXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1223 70-123205-1223 00 XXXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1224 70-123205-1224 0000 XXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1226 70-123205-1226 4100 CENTER XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1228 70-123205-1228 0000 XX 00XX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1231 70-123205-1231 0000 XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1236 70-123205-1236 000 XXXX 0XX XX XXXXXXX XX X/X XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1237 70-123205-1237 0000 XXXXXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1245 70-123205-1245 000 X XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1247 70-123205-1247 000 XXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1248 70-123205-1248 0000 X XXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1250 70-123205-1250 0000 X XXXXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1253 70-123205-1253 000 XXXXX XXXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1254 70-123205-1254 000 XXXXXXX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1255 70-123205-1255 000 X XXXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1257 70-123205-1257 000 X. XXXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1259 74-731300-1259 00 X. XXXXX XXXXXX XXXXXXX XXXXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1260 70-123205-1260 0000 XXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1265 74-731300-1265 0000 XXXXXXXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1266 70-123205-1266 0000 XXXXXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1269 70-123205-1269 0000 XXXX 0XX XX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1271 70-123205-1271 000 X XXXX XXX XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1273 70-123205-1273 0000 X XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1274 70-123205-1274 000 XXXXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1275 70-123205-1275 0000 X. XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1276 70-123205-1276 0000 XXXXX XXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1277 74-731300-1277 00000 XXXXX XX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1278 70-123205-1278 0000 X XXXXXXXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1279 70-123205-1279 000 X XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1281 70-123205-1281 0000 X XXXXXXXXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1282 74-731300-1282 000 XXXX XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1283 70-123205-1283 0000 XXXXXX XXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1287 70-123205-1287 0000 XXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1289 70-123205-1289 0000 XXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1290 70-123205-1290 0000 "0" XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1291 70-123205-1291 000 XXXXXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1292 70-123205-1292 000 XXXXXXX XX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1294 70-123205-1294 0000 XXXXXXXXX XX X.X. XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1295 70-123205-1295 000 XXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1296 70-123205-1296 000 XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1302 63-731300-1302 000 X XXXXXXXX XXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1303 63-731300-1303 000 X XXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1304 63-731300-1304 0000 XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1306 63-731300-1306 000 X XXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1308 63-731300-1308 0000 XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
Page 3
19
MASTERS 2/6/97
-------------------------------------------------------------------------------------------------
MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1309 63-731300-1309 00000 XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1311 63-731300-1311 000 X XXXXXXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1312 63-731300-1312 0000 XXXXXX XXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1313 74-731300-1313 0000 XXXXXX XX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1314 63-731300-1314 0000 XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1316 63-731300-1316 0 XXXXX XXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1322 63-731300-1322 000 XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1323 70-123205-1323 0000 XXXXX XXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1328 70-123205-1328 0000 XXXXX XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1329 70-123205-1329 00000 XXXXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1333 74-731300-1333 0000 XXXX XXXXXXXX XXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1334 74-731300-1334 0000 XXXX XXXXXX XXXXXX X XXXXXXX XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1335 74-731300-1335 0000 XXXXX XXXXXXXXXX XX XXXXXXX XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1340 70-123205-1340 00 XXXXXXX XX XXXXXXX XX IN 47274-
-------------------------------------------------------------------------------------------------
1349 70-123205-1349 000 X X XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1351 70-123205-1351 0000 XXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1352 70-123205-1352 0000 XXXXXXXX XX XXXXXXX XX IN 46268-
-------------------------------------------------------------------------------------------------
1353 74-731300-1353 PLAZA 000 XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1356 74-731300-1356 428 BLVD OF THE ALLIES XXXXXXX STAFFING SE PA 15219-
-------------------------------------------------------------------------------------------------
1363 74-731300-1363 0000 XXXXXXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1364 70-123205-1364 000 XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1367 70-123205-1367 000 XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1368 70-731300-1368 000 XXXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1374 70-731300-1374 000 XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1377 70-123205-1377 0000 XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1378 70-123205-1378 0000 XXXX XXX X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1382 70-123205-1382 0000 XXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1383 74-731300-1383 0000 XXXXXX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1385 70-123205-1385 000 X XXXXXX XXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1386 70-731300-1386 0000 X XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1400 74-731300-1400 000 XXXXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1401 74-731300-1401 000 XXXXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1403 70-123205-1403 0000 XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1404 70-123205-1404 000-X XXXXX XXXX XXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1405 74-731300-1405 0 XXXXXXXXX XX XXXXXXX X.X. XX 00000-
-------------------------------------------------------------------------------------------------
1406 70-123205-1406 000 XXXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1407 70-123205-1407 0000 X XXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1410 74-731300-1410 0000 XX 00 X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1411 70-731300-1411 0000 X.X. XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1412 70-123205-1412 000 XXXX 0XX XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1415 70-123205-1415 00000 X XXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1416 70-123205-1416 000 XXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1417 74-731300-1417 0000 XXXXXXXX XXX XXXXXXX X.X. XX 00000-
-------------------------------------------------------------------------------------------------
1419 70-123205-1419 0000 XXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1421 70-123205-1421 00-000 XXX 000 XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1425 63-731300-1425 0000 XXXXXXXX XXXXX XXXXXXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1428 70-123205-1428 0000 XXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1430 70-731300-1430 0000 X. XXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1431 74-731300-1431 000 XXXXXXX XXX ACCURATE XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1449 74-731300-1449 0000 XXXXXXXX XX XXXX 00 XXXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
Page 4
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MASTERS 2/6/97
-------------------------------------------------------------------------------------------------
MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1457 74-731300-1457 00000 XXXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1459 70-123205-1459 000 XXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1461 74-731300-1461 CENTRE SQ X 0000 XXXXXX X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1470 74-731300-1470 0000 X XXXXXXX XXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1471 74-731300-1471 000 XXXX XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1474 74-731300-1474 0000 X. XXXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1478 70-123205-1478 000 XXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1481 74-731300-1481 0000-X XXXX XXXXXXXX XXX XXXXXXX X.X. XX 00000-
-------------------------------------------------------------------------------------------------
1482 74-731300-1482 00000 XX 0XX XX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1486 70-123205-1486 000 X XXXXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1496 74-731300-1496 000 XXX 0 X XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1501 91-123105-9901 00 XXXXXXXX XXXXXX XXXX XXXXXXX XX XXXXXX XX X0X0X
-------------------------------------------------------------------------------------------------
1502 91-123105-9901 0 XXXX XXXXXX XXXXXXX XXXXXX XX X0X0X
-------------------------------------------------------------------------------------------------
1506 91-123105-9901 000 XXXXXXXX XXX XXXXXXX XXXXXX X/X XX X0X0X
-------------------------------------------------------------------------------------------------
1509 91-123105-9901 0000 XX 0 XXXX XXXXXXX XXXXXX XX X0X0X
-------------------------------------------------------------------------------------------------
1561 91-123105-9901 0 XXXXX XXXXXX XXXX XXXXXXX XXXXXX XX X0X0X
-------------------------------------------------------------------------------------------------
1564 91-123105-9901 0000-0000 XXXXXXX XXXXXX XXXXXXX XXXXXX XX X00X0
-------------------------------------------------------------------------------------------------
1600 70-123205-1600 000 XXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1601 70-123205-1601 000 XXXX XXXXXXX XX X XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1602 70-731300-1602 0000 X X 00XX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1603 70-123205-1603 0000 XXXXXXXXXXXX XXXX XXXXXXX XX IN 46322-
-------------------------------------------------------------------------------------------------
1604 70-123205-1604 000 XXXXXXXXX XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1606 70-123205-1606 0000 XXXXXXXXXX XXX XXXXXXX XX XX 00000-
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1609 70-123205-1609 1855 BOYRUM XXXXXXX XX XX 00000-
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1610 70-123205-1610 000 X 0XX XX XXXXXXX XX XX 00000-
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1611 70-123205-1611 0000 XXXXXX XX XXXXXXX XX XX 00000-
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1623 70-123205-1623 00 X XXXXXX XX X XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1624 74-731300-1624 0000 X XXXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1626 74-731300-1626 0000 X. XXXX XXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1627 74-731300-1627 0000 X X XXXXXX XXXXX XXXXXXX XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1628 70-731300-1628 0000 XX XXX XXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1631 74-731300-1631 0000 XXXX XXXXXX XXXXXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1633 63-731300-1633 AVON REFINERY XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1636 63-731300-1636 00000 XXXXXXXX XXXX XXXXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
1637 74-731300-1637 000 XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1638 74-731300-1638 0000 X. XXXXXXX XX XXXXXXX XXXXXXXX XX 00000-
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1639 74-731300-1639 0 XXXXXXX XX XXXXXXX XX X/X XXX XX 00000-
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1642 70-123205-1642 000 X XXXX XXXX XXXXXXX XX XX 00000-
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1644 70-123205-1644 0000 X XXXX XX XXXXXXX XX XX 00000-
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1645 70-123205-1645 000 XXXXXXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1647 74-731300-1647 00 XXXXXXX XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1651 74-731300-1651 0000 00XX XXX X XXXXXXX X X XX 00000-
-------------------------------------------------------------------------------------------------
1653 74-731300-1653 0000 XXX XXXXXX XX XXXXXXXX XXXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1657 74-731300-1657 000 XXXXXXX 00 /x Xxxxxxxxxx XX 00000--
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1658 70-123205-1658 000 XXXXX XXXXXXX XXX XXXXXXX XX XX 00000-
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1661 74-731300-1661 0000 XXX XXXX XXXXXXX XXXXXXXXX X XX 00000-
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1664 70-123205-1664 XXX XXX XXXXX XX XXXXXXX XX XX 00000-
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1665 70-731300-1665 00000 XXXX XXXXX XX XXXXXXX XX XX 00000-
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1666 70-731300-1666 0000 XXXXX XXXX XXXXXXX XX XX 00000-
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MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1668 70-123205-1668 0000 XXXX XXXXX XXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1670 74-731300-1670 00 X XXX XX XXXXXXX XXXXXXXXX X XX 00000-
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1671 74-731300-1671 0000 XXX XXXX XXXXXXX XXXXXXXXX X XX 00000-
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1672 70-123205-1672 000 X XXXXXXXX XX XXXXXXX XX XX 00000-
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1673 74-731300-1673 000 XXXXXXXXXX XXX XXXXXXX XX 00000-
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1674 70-731300-1674 000 XXXXXXX XX XXXXXXX X X XX 00000-
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1675 74-731300-1675 000 XXXX XXXX XX XXXXXXX X X XX 00000-
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1676 63-731300-1676 000 XXXXXXXXXX XXX XXXXXXX XXXX XX 00000-
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1677 70-123205-1677 000 XXXXX 0XX XX XXXXXXX XX XX 00000-
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1678 74-731300-1678 0000 XXXXX XXXX XXXXXXX XXXXXXX XX 00000-
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1680 74-731300-1680 0000 XXXXXXXXX XXXXX XXXXXXX XX XX 00000-
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1683 74-731300-1683 000 XXXXXXXXX XXXX XXXXXXX XX 00000-
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1685 70-123205-1685 0000 XXXXXX XXXXXXX XX XX 00000-
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1686 70-123205-1686 000 XXXXX XX XXXXXXX XX XX 00000-
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1688 74-731300-1688 0000 X XXXXXX XXXXXXX/XXXXXXXXX XX 00000-
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1689 63-731300-1689 0000 XXXXXXXXXX XXXX XXXXXXX XXXX XX 00000-
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1690 70-123205-1690 000 XXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1693 70-123205-1693 0000 00XX XXXXXX XXXXXXX XX (1124VER FL 32966-
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1697 74-731300-1697 IN HOUSE XXXXXXX SYSTEMS SE
-------------------------------------------------------------------------------------------------
1706 74-731300-1706 0000 XXXXXXXX XXXX XXXX XXXXXXX X XX 00000-
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1710 74-731300-1710 0000 XXXXXXXXXXX XXX XX XXXXXXX XX XX 00000-
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1712 74-731300-1712 000 XXXXX XXXXXX XX XXXXXXX X X XX 00000-
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1721 74-731300-1721 00000 XXXXXX XXXXXXX XXXXXXX XXXXXXX XX 00000-
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1742 74-731300-1742 0000 XXX XXXX XXXXXXX X XX 00000-
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1743 74-731300-1743 0000 X. XXXXXXX XX XXXXXXX XXXXXXX XX 00000-
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1748 74-731300-1748 000 X. XXX XXXXXX XX XXXXXXX XXXXXXX XX 00000-
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1750 74-731300-1750 000 XXXXXXXX XX XXXXXXX XXXX XX 00000-
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1759 74-731300-1759 0000 XXX XXXXX XXXX XXXXXXX X XX 00000-
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1761 74-731300-1761 00000 XXXXXXXX XXXX XXXXXXX X XX 00000-
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1779 74-731300-1779 000 XXXXX XXXXX XXXXX XXXXXXX XXXXXXXXX X XX 00000-
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1788 74-731300-1788 0000 X. XXXXXXXXX XX XXXXXXX XX 00000-
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1793 74-731300-1793 000 0XX XXX XXXXXXX X X XX 00000-
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1810 70-731300-1810 00000 XXXXXXXX XXXXXX XXXXXXX XXXXXXXXX XX 00000-
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1813 70-731300-1813 000 XXXXXXX XX XXXXXXX XX XX 00000-
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1819 70-731300-1819 0000 XXXXXXXX XX XXXXXXX XX XX 00000-
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1825 70-731300-1825 000 XXXXX XXXX XXXXXXX XX XX 00000-
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1841 70-731300-1841 0000 XXXXXXXX XXXXXX XXXXXXX XX XX 00000-
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1843 70-731300-1843 00000 XXXXXXXXXX XX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1846 70-731300-1846 00 XXXXXXX XXXXXX XXXXXXX XX X.X. XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1847 70-731300-1847 000 XXXXXXXX XXXXX XXXXXXX XX XX 00000-
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1869 70-731300-1869 0000 XXXXXXXX XXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1872 70-731300-1872 00 XXXXXX XXXXX XXXXX XXXXXXX SERVICES IN CA 90274-
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1873 70-731300-1873 0000 XXXX XXXXXX XXXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
1901 70-731300-1901 0000 XXXXX XXXXXX XX XXXXXXX XXXXXXXXX XX 00000-
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1903 74-731300-1903 0 XXXXXXXXX XX XXXXXXX XXX XXXXX XX 00000-
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1904 74-731300-1904 000 XXXXXXXXXXX XX XXXXXXX XXX XXXXX XX 00000-
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1905 70-123205-1905 #1 XXXXXX XXXXXX XXXXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1910 74-731300-1910 0000 XXXX XXXXXXXX XXXXXXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
1911 70-123205-1911 0000 XXXXXXX XXXX XXXXXXX / XXX XXXX X XX 00000-
-------------------------------------------------------------------------------------------------
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MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
1912 74-731300-1912 000 XXX XXXXXX XXX XXXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1916 74-731300-1916 0 XXX XXXXXXX XXXXX XXXXXXX XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
1919 74-731300-1919 000 00XX XXXXXX XXXXXXX X/X XXX XX 00000-
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2516 73-731300-2516 000 XXXX XXXXX XXXXXXX XX 00000-
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2517 73-123205-2517 00000 XXXXX XXXX XX XXXXXXX XX 00000-
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2557 73-123205-2557 0000 XXXXXXXX XX XXXXXXX XX 00000-
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2570 73-123205-2570 000 XXXX XXXX XX XXXXXXX XX 00000-
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2574 73-123205-2574 00 X XXXXXXXX XXXXXXX XX 00000-
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2578 73-123205-2578 000 X XXX XXXXXX XXXXXXX XX 00000-
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2598 73-123205-2598 000 XXXXXXXXX XX XXXXXXX XX 00000-
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3200 42-731300-3200 0000 XXX XXXXXX XX XXXXXXXX XXXXXXXXX XX 00000-
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3575 42-731300-3575 000 XXXX XX XXXXXXXX X/X XXXXX XX 00000-
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3900 42-731300-3900 00000 XXXXXXXXXX XXXXXX XX 00000-
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7510 63-731300-7510 0 XXX XXXXXXX XXXXX XXXXXX X/X XXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
ACCI 00-000000-0000 00 X XXXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
AHEI 00-000000-0000 0000 X XXXXXXXXX XXX XX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
AMKN 0XX XXXXXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
BACI 000 X. XXXXXXX XXXX XX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
BDRC 40-531300-4208 0000 XXXXXXXX XXX XXXXXX X/X XXX - XX 00000-
-------------------------------------------------------------------------------------------------
BOCF 00-000000-0000 0000 XX 00XX XX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
BOWL 0000 XXXXXXXX XX XXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
BRMA 0000 XXXX XXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
BSSC 00-000000-0000 00000-
-------------------------------------------------------------------------------------------------
BTHM 00-000000-0000 0000 XXXXXXXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
BTJN 00-000000-0000 00 XXXXXXXX XXXXX XXXXXX X/X XXXXXXX XX 00000
-------------------------------------------------------------------------------------------------
BTNY 40-531300-4462 000 XXXXXXX XX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
BUZC 40-731300-4821 000 XXXXXXXX XX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
CAM 00-000000-0000 0000 XXX XXX XXXX XXXXXXX XXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
CCW 00-000000-0000 000 XXXXX XX XXXXXX X/X XXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
CHRN 00-000000-0000 0000 XXX XXXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
CHTT 00-000000-0000 0 XXXXX XXXXXX XXXXXX X/X XXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
CIAI 00-000000-0000 000 X. XXXXXX XXX XXXXXX X/X XXX 0 XX XX 00000-
-------------------------------------------------------------------------------------------------
COLO 40-531300-4197 000 X XXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
CSPC 00-000000-0000 1900 GARDENS OF THE GODS TASCOR X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
CTGT 40-731300-8010 000 X. XXXXXXXX XX XXXXXXXX XXXX XXXX XX 00000--
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MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
DAYN 00-000000-0000 000 XXXXX XXXX XXXXXX X/X XXX XXX XX 00000
-------------------------------------------------------------------------------------------------
DLTX 00-000000-0000 0000 XXX XXXXXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
EATX 40-531300-4550 000 XXXXXX XXXXXX/XXXXX & X0X XX 00000-
-------------------------------------------------------------------------------------------------
EDSN 40-531300-4331 00 XXXXXXXX XX XXXXXX X/X XXX XX 00000
-------------------------------------------------------------------------------------------------
EKRD 00-000000-0000 0000 XXXXX XXXXX XX XXXXXX X/X XXXX/XX XX 00000-
-------------------------------------------------------------------------------------------------
EMRG 00-000000-0000 XXXXX XXXX XXXXXX XXXXXX X/X XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
EPSC 00-000000-0000 20770 MEDRONA TASCOR X/X XXXXX X XX 00000-
-------------------------------------------------------------------------------------------------
EQIV 00-000000-0000 0 X XXXXXXXXX XXXXX XXXXXX/XXXXXX XXXX XX 00000-
-------------------------------------------------------------------------------------------------
ERYG 00-000000-0000 0000 XXXXXXXXXX XX X X XXXXXX X/X XXXXX & XX 00000-
-------------------------------------------------------------------------------------------------
EYHT 40-531300-4456 0000 XXXXXXXX XXXXXX X/X XXX XX 00000-
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FHKN 00-000000-0000 XX 0 XXXXXX XXXX XXXXXX X/X XXX XXX XX 00000-
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FITCH 55 XXXXXXXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
FRLF 0000 X X 0XX XXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
GNVF 0000 X X 00XX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
GRSC 000 X. XXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
HCPN 00-000000-0000 000 XXXXXXXXX XXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
HJNY 00-000000-0000 0000 XXXXX 00 XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
HNTA 00-000000-0000 000 XXXXXXXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
HPCC 00-000000-0000 00000 XXXXXXXXX XXXX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
HPNN 00-000000-0000 000 XXXX XXX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
HPRC 40-531300-4442 0000 XXXXXXXXX XXXX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
IBGM 00-000000-0000 000 X XXXXXXXXX XXXXXX X/X XXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
IBMP 40-531300-4478 0000 X XXXXXXX XXXXX XX XXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
ILNJ 40-531300-4431 000 XXXX XXXXXX XX XXXXXX/XXXX/XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
ISWN 00-000000-0000 00 XXXXXXXX XX XXXXXX/XXXX/XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
JAXF 00000 XXXXXXXXX XXXX XX. XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
JCKM 0000 XXXXXXXXXX 00 XX. XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
JSWD P O BOX 871 XXXXX XXXXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
XXXX 00-000000-0000 0000 XXXXXXX XX XXXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
KLEN 00-000000-0000 000 X XXXX XX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
KNXT 40-531300-4340 000 X XXX XX XXXXXX X/X XXX 000 XX 00000-
-------------------------------------------------------------------------------------------------
KODC 40-531300-4281 0000 XXXXXXX XX XX XXXXXX X/X XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
LKSG 40-531300-4090 0000 XXXXXXXXX XXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
LPNN 40-531300-4503 000 X 00XX XX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
MAD 00-000000-0000 000 XXXXXXX XXX XXXXXX 0XX XXXXX XX 00000-
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XXXX 00-000000-0000 000 XXXX XXXXXX XX XXXX XXXX XX 00000-
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MAV 00-000000-0000 000 XXXXXXX XXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MCN 00-000000-0000 000 XXXXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MEMT 00-000000-0000 0000 XXXXXXXXX XXX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
MFWP 000-000000-000 000 X XXXXXXXXXX XX XXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MIAF 00-000000-0000 0 XXXXXXXX XXXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MLVN 40-531300-4367 000 XXXXX XXXXXX XX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
MNTA 00-000000-0000 0000 XXXXXXXXX XXXX XX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MOBA 40-531300-4487 000 X. XXXXXXXXXX XXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MOR 00-000000-0000 00 XXXXXX XX XXXXXXX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
MPST 000 XXXXX XXXX XXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
MSNN 00-000000-0000 0000 XXX XX XXX XXXXXXXX XXXXXX/XXXXXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
MTPN 00-000000-0000 XX 0 XXXX XX XX XXXXXXXX XXXXXX X/X XXX XX 00000-
-------------------------------------------------------------------------------------------------
NBCN 00-0000000-000 00 XXXXXXXXXXX XXXXX XXXXXX X/X XXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
NSHT 40-531300-4327 000 XXXXXX XXX X. XXXXXX /IBM FIRST U TN 37219-
-------------------------------------------------------------------------------------------------
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MASTERS 2/26/97
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MAIL CHARGE STREET ADDRESS COMPANY NAME STATE ZIP
-------------------------------------------------------------------------------------------------
NWPA 00-000000-0000 000 X. XXXX XX XXXXXX X/X XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
OBII 00-000000-0000 0000 XXXXXXXXXXX XX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
XXXX XX 0 X XX XXX 0000 XXXXXX C/0 IBM MAI NY 10964-
-------------------------------------------------------------------------------------------------
PAYB 0000 XXXXXXXX XXXX XXXXXX C/0 IBM COR PA 18017-
-------------------------------------------------------------------------------------------------
PECO 0000 XXXXXX XX XXXXXX X/0 XXXX/XXX XX 00000-
-------------------------------------------------------------------------------------------------
PHXA 40-531300-4220 0000 X XXXXXXX XXXXXX X/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
PIBN 00-000000-0000 0 XXXX XXXXX XXXXXX C/0 IBM NJ 07653-
-------------------------------------------------------------------------------------------------
PINJ 00-000000-0000 00 XXXXXXXXXXXXX XX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
PKWT 00-000000-0000 0000 XXX XXXXXXX XXXXXX X/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
PMUV 40-531300-4383 0000 XXXXXXX XXXXXXX XX XXXXXX X/0 XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
PRMN 00-000000-0000 W 000 XXXXXXX XX XXXXXX X/0 XXXXXX XX 00000
-------------------------------------------------------------------------------------------------
RALN 40-731300-4746 0000 XXXXXXX XXXX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
ROLI 40-531300-4397 0000 XXXX XXXX XX XXXXXX X/0 XXXX X XX 00000-
-------------------------------------------------------------------------------------------------
RVEG 00-000000-0000 0000 XXXXX XXXX XXXXX XXXXXX X/0 XXXXX XX XX 00000-
-------------------------------------------------------------------------------------------------
SBWN 40-731300-4805 00 XXXXX XXXXXXXX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
SBYC 00-000000-0000 000 XXXXXXXXX XX XXXXXX X/0 XXX XX 00000
-------------------------------------------------------------------------------------------------
SJCC 00-000000-0000 000 XXXXXX XXXX XXXXXX / XXX XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
SNJC 00-000000-0000 0000 XXXXXX XX XXXXXX C/0 IBM CA 95123-
-------------------------------------------------------------------------------------------------
SOMN 00-000000-0000 XX 000 XX000 XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
SRSI 00-000000-0000 0000 XXXXXXX XXXX XXXXXX X/0 XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
SRW 40-531300-4373 000 X XXXX XXXX XXXXXX X/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
STFN 00-000000-0000 000 XXXX XXXXXX XX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
STLW 00-000000-0000 000 X XXXXX XX XXXXXX XXXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
SVNG 000 XXXX XXXX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
THJN 00-000000-0000 0000 XXXXX 00 XXXXXX X/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
TIGC 40-531300-4551 0000 XXXXXXX XXXX XXXXXX/XXX XXXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
TMPF 00-000000-0000 0000 X XX XXX XX XXXX XXXXXX XX 00000-
-------------------------------------------------------------------------------------------------
TRIT 40-731300-4722 0000 XXXXXXXXX XXXX XXXXXX XXXXX 0 XX 00000-
-------------------------------------------------------------------------------------------------
TTEX 40-531300-4552 0000 X. XXXXXXX XXXX TIG INSIRANCE / XXXX XX 00000-
-------------------------------------------------------------------------------------------------
TWB 00-000000-0000 0000 X XXXXXX XXXXXX X/0 XXXXX XX 00000-
-------------------------------------------------------------------------------------------------
TWD 000 XXXXXXXX XXX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
WCH 00-000000-0000 0000 XXXXXXXXXXX XXX XXXXXX C/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
XHDG 40-531300-4548 0000 XXXXXX XXX. XXXX XXXXXXX XXX XX 00000-
-------------------------------------------------------------------------------------------------
YKTN 00-000000-0000 XXXXX 000 XXXXXX X/0 XXX XX 00000-
-------------------------------------------------------------------------------------------------
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25
EXHIBIT B
The duties of the Chief Operating Officer ("COO") of the Company shall be as
follows:
To be responsible for the development of the operating plans for the
Company, its subsidiaries, divisions, and functions and all changes to
the plans, consistent with the direction of the Chief Executive
Officer, the Chairman of the Board, and the Board of Directors;
To supervise, manage, and direct the businesses and affairs of the
Company, its subsidiaries, divisions, and functions reporting to the
COO, including the development of long and short term objectives,
policies, and operating plans of the Company, its subsidiaries,
divisions, and functions, all to be consistent with the strategic
direction of the Company or as directed by the Chief Executive Officer,
the Chairman of the Board, and the Board of Directors of the Company;
To ensure that adequate plans for future development and growth of the
Company, its subsidiaries, divisions, and functions are prepared, and
to participate in and direct such preparations;
To present such plans for review and approval by the Chief Executive
Officer of the Company;
To be responsible for meeting the Company, its subsidiaries, divisions,
and functions plans, objectives, and goals;
To present proposed operating and capital budgets for review and
approval by the Chief Executive Officer of the Company;
To plan for the development of personnel resources within the Company,
its subsidiaries, divisions, and functions;
To direct and supervise the performance of the key executives of the
Company, its subsidiaries, divisions, and functions reporting to the
COO;
To represent the Company, its subsidiaries, divisions, and functions as
appropriate in its relationships with major customers, suppliers,
competitors, employees, stockholders, government agencies, professional
societies and the public;
To cause all books, reports, statements, and certificates of the
Company, its subsidiaries, divisions, and functions to be properly kept
and filed as required by law;
To sign and execute contracts in the name of the Company, its
subsidiaries, divisions, and functions, or to delegate such duties to
other authorized officers or employees of the Company, its
subsidiaries, divisions, and functions; and
15
26
To perform such other duties and responsibilities as the Chief Executive
Officer, Chairman, and the Board of Directors of the Company may require from
time to time.
THE COMPANY:
XXXXXXX CORPORATION
By: /s/ Xxxx Xxxx
----------------------------------------
(Date)
Title: V.P.
-------------------------------------
THE EXECUTIVE:
/s/ Xxxxx Xxxxxx Xxxxxx 5/30/97
--------------------------------------------
Xxxxx Xxxxxx Xxxxxx (Date)
16
27
EXHIBIT C
None.
THE COMPANY:
XXXXXXX CORPORATION
By: Xxxx Xxxx
----------------------------------------
(Date)
Title: V.P.
-------------------------------------
THE EXECUTIVE:
/s/ Xxxxx Xxxxxx Xxxxxx 5/30/97
--------------------------------------------
Xxxxx Xxxxxx Xxxxxx (Date)
17
28
EXHIBIT D
The Executive shall earn a bonus corresponding to the Company's
achievement of its 52 Week Pre-tax Profit Plan (as presented to the Board of
Directors) as follows:
% of Company's 52 Week Pre-tax Profit Plan Achieved Bonus Amount($)
--------------------------------------------------- ---------------
80% 200,000
90% 240,000
100% 280,000
105% 320,000
110% 360,000
115% 400,000
An equitable adjustment to the Pre-tax Profit Plan shall be made to account for
acquisitions and divestitures; extraordinary items shall be excluded from all
calculations.
THE COMPANY:
XXXXXXX CORPORATION
By: /s/ Xxxx Xxxx
----------------------------------------
(Date)
Title: V.P.
-------------------------------------
THE EXECUTIVE:
/s/ Xxxxx Xxxxxx Xxxxxx 5/30/97
--------------------------------------------
Xxxxx Xxxxxx Xxxxxx (Date)
18
29
EXHIBIT E
16. Covenant of Non-Solicitation. Until January 31, 1999, Employee, either on
Employee's own account or for any person, firm or company, shall not solicit,
interfere with or induce, or attempt to induce, any employee of the Company or
any of its subsidiaries or affiliates to leave their employment or to breach
their employment agreement, if any.
17. Covenant of Non-Disparagement and Cooperation. Employee agrees not to make
any remarks disparaging the conduct or character of the Company or any of its
subsidiaries or affiliates, their agents, employees, officers, directors,
successors or assigns ("Ryder"). In addition, Employee agrees to cooperate with
Ryder in any litigation or administrative proceedings (e.g., EEOC charges)
involving any matters with which Employee was involved during Employee's
employment with the Company. The Company shall reimburse Employee for travel
expenses approved by the Company incurred in providing such assistance.
18. Covenant Against Competition. Until January 31, 1999, Employee shall not
engage or become a partner, director, officer, principal, employee, consultant,
investor, creditor or stockholder, directly or indirectly, in any business,
proprietorship, association, firm or corporation not owned or controlled by the
Company and/or any of its subsidiaries or affiliates which is engaged or
proposes to engage or hereafter engages in a business competitive directly or
indirectly with the business conducted by the Company and/or any of its
subsidiaries or affiliates in any geographic area where such business of the
Company and/or any of its subsidiaries or affiliates is conducted, without the
prior written consent of the Company's Chairman, President and Chief Executive
Officer. This prohibition includes, but is not limited to, the purchaser of the
Company's consumer truck rental and move management business. However, Employee
is not prohibited from owning one percent (1%) or less of the outstanding
capital stock of any corporation whose stock is listed on a national securities
exchange.
19. Specific Remedy. Employee acknowledges and agrees that if Employee commits a
material breach of the Covenant of Confidentiality (Paragraph 15), Covenant of
Non-solicitation (Paragraph 16), Covenant of Non-Disparagement and Cooperation
(Paragraph 17) or Covenant Against Competition (Paragraph 18), the Company shall
have the right to have the obligations of Employee specifically enforced by any
court having appropriate jurisdiction on the grounds that any such breach will
cause irreparable injury to the Company, and that money damages will not provide
an adequate remedy to the Company. Employee further acknowledges and agrees that
the obligations contained in Paragraphs 15, 16, 17 and 18 of this Agreement and
Release are fair, do not unreasonably restrict Employee's future employment and
business opportunities, and are commensurate with the compensation arrangements
set out in this Agreement and Release.
20. Applicable Law. This Agreement and Release shall be governed by and
construed according to the laws of the state of Florida.
21. Withholding and Taxation. All payments under this Agreement and Release
shall be less applicable withholding taxes and other proper deductions consented
to in writing by Employee or required by applicable law or regulation.
Additionally, the payments and benefits under this Agreement and Release may
result in imputed income to Employee and may be included in either Employee's
W-2 earnings statements or 1099 statements.
19
