Exhibit 10.1
EMPLOYMENT AGREEMENT
1. Parties : This Employment
Agreement (the “Agreement”) by and between
Crawford & Company (the “Company”) and
Thomas W. Crawford (“Employee”) is effective as of
this 3rd day of February, 2009.
2. Term : This Agreement
shall terminate effective December 31, 2009, unless earlier
terminated pursuant to paragraph 6, below.
3. Services Provided :
Employee will provide to the Company the services reasonably
requested by the President and CEO of the Company from time to time
during the term of this Agreement (“Services”).
Services will consist of assisting the Company in various
activities relating to its business, including client prospecting,
client relationship management and such other similar services
related to the Company’s business as the President and CEO of
the Company deems helpful or appropriate.
4. Consideration : Employee
will be compensated as follows:
a. Employee will
receive compensation of $1,500 per day (subject to applicable
withholding taxes) for services performed on behalf of the Company
at the request of the President and CEO of the Company
(“Compensation”). Such Compensation will be paid no
later than the last day of the calendar month next following the
calendar month in which the Employee provides Services. Employee
will provide to the Company an invoice for the Services performed
during any month by no later than the 15 th day of the following
month.
b. Employee will be entitled to
receive reimbursement for reasonable expenses actually incurred in
connection with services performed on behalf of the Company at the
request of the President and CEO of the Company. Any such
reimbursements that are taxable shall be made consistent with the
Company’s policies regarding such reimbursements.
c. Employee will continue to serve
as the Chairman of the Company’s Board of Directors for the
calendar year 2009 and will resign as Chairman and a member of the
Board of Directors as of December 31, 2009. He will be
entitled to receive the same compensation afforded non-employee
members of the Board of Directors. As with other members of the
Board of Directors, Employee’s status as a member of the
Board of Directors is subject to Shareholder approval.
d. Employee will be entitled to
receive medical and dental benefits from the Company throughout the
term of this Agreement. Notwithstanding the foregoing, if Employee
is not eligible t
