exhibit-10_1.htm Ex. 10.1 CONSULTING SERVICES AGREEMENT This
Agreement for Consulting Services (Agreement), effective April 2,
2008 (Effective Date), is by and between Jeffrey C. Selby, an
individual residing at 12041 Layton Drive, Glen Allen, VA 23059
(Tax ID# xxx-xx-xxxx) (Consultant), and LandAmerica Financial
Group, Inc. (Company), a Virginia corporation. WHEREAS, Consultant
has been employed by Company as the President of its Commercial
Services Channel; and WHEREAS, Consultant has notified Company of
his intent to retire from full-time employment with Company
effective April 1, 2008; and WHEREAS, Company wishes to keep
Consultant available to advise members of its senior leadership on
issues related to Consultants areas of expertise through the end of
2008; and WHEREAS, the parties wish Consultant to provide such
services to Company upon the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing and mutual
promises contained herein, the parties agree as follows: 1.
Consultant agrees to provide Company with services as described in
this section (Services) for a period beginning on the Effective
Date and ending on December 31, 2008 (Contract Period). During the
Contract Period, Consultant will serve as an advisor to the
Chairman and Chief Executive Officer of Company on issues to
include mergers and acquisitions, American Land Title Association
initiatives, corporate governance, Board projects and other major
policy initiatives. Consultant also will be available to advise any
member of Companys Executive Leadership Team, including his
successor as President of Companys Commercial Services Channel, on
projects and programs with corporate-wide impact and exposure.
Consultant will provide Services to the Company for a minimum of
fifty (50) hours per month. 2. Company shall pay Consultant for
Services rendered under this Agreement on a monthly basis, one
month in arrears, at a rate of Three Hundred Seventy-Five Dollars
($375.00) per hour. In addition, Company agrees to reimburse
reasonable and necessary expenses incurred during the Contract
Period by Consultant in completion of Services under the Agreement
pursuant to the terms and conditions set forth in Companys Expense
Reimbursement Policy. Documentation of any and all expenses to be
reimbursed under this Agreement must comply with the standards set
forth in that policy. Consultant will submit a request for
reimbursement on a monthly basis accompanied by appropriate
documentation, along with a monthly invoice reflecting the total
number of hours of Services performed during that month. Company
will pay approved expenses within thirty (30) days of receipt of
such request. 3. Consultant may visit the Company office as needed
during Companys normal working hours. Company will provide a
workspace for Consultant to use when Consultant visits Companys
premises. Consultant shall provide his own supplies in the
performance of the Services. Company shall not provide Consultant
with any training for the performance of the Services. Consultant
agrees to observe Companys rules, policies, and procedures,
including, but not limited to, Companys Code of Business Conduct
and Ethics and Insider Trading policy, when on Companys premises
and at all other applicable times. 4. All findings, conclusions,
work papers, files, and data, including, but not limited to, all
inventions, discoveries, trade secrets, techniques, processes and
know-how, whether or not patentable, copyrightable or otherwise
subject to protection, that are made by Consultant, either alone or
with others, in the performance of the Services or which result, to
any extent, from use of Companys premises or property
(collectively, Work Product), shall become the exclusive property
of Company. Consultant hereby assigns, transfers and conveys all of
Consultants right, title and interest in and to any and all Work
Product, including the copyright thereon. Upon the request and at
the expense of Company, Consultant will execute and deliver any and
all instruments and documents and take such other acts as may be
necessary or desirable to document such transfer or to enable
Company to apply for, prosecute and enforce patents, trademarks or
copyrights in any jurisdiction with respect to any Work Product or
to obtain any extension, validation, re-issue, continuance or
renewal of any such intellectual property right. Without limiting
the foregoing, Consultant shall assign, grant and convey unto
Company all of Consultants right, title and interest, now existing
or that may exist in the future, in and to any patents, trademarks
or copyrights and other information and material resulting from the
performance of the Services. Consultant shall not submit
applications for patent, trademark, or copyright registrations in
any country for any information or materials created by Consultant
pursuant to this Agreement. The provisions of this Section 4 shall
survive the expiration or sooner termination of the term of this
Agreement. 5. Consultant agrees to maintain and protect the
confidentiality of Companys Confidential Information. Confidential
Information shall be defined as Companys (and its affiliated
companies) technical and financial data, processes, trade secrets,
customer and/or employee information, proprietary property, and
policies and procedures, including, but not limited to, any
information Consultant receives as a result of being gi
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