Exhibit 10.2
EMPLOYMENT
AGREEMENT
General
Information
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Employer:
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CDI
Corporation
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Employee:
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Brian
Short
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Employee Address:
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228 Kent
Road, Ardmore, PA 19003
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Effective Date of Agreement:
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March 16,
2009
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Terms and
Conditions
Throughout this Agreement, the
Employer will be referred to as “we”, “us”
or “our” and the Employee will be referred to as
“you” or “your”. The above General
Information, these Terms and Conditions, the compensation agreed
upon between you and us (which is presumed to be the compensation
we pay you), those benefits for which you are eligible under our
benefit programs (as they may be modified from time to time) and
any schedules or attachments, together make up the Employee’s
Employment Agreement (“Agreement”).
1. Services to be
Rendered . As our
Employee, you agree to use your best efforts to perform those
services for us as we may direct and to supervise and direct all
personnel employed by us who are under your control. You agree that
you will not during the term of this Agreement, directly or
indirectly, render any services of a business, commercial or
professional nature to any other person or organization, whether
for compensation or otherwise, without our prior written
consent.
2. Company
Policies . You agree
to abide by and comply with all of our practices and
policies.
3. Confidentiality and
Property Rights .
(a) You acknowledge that in the
course of your employment by us you will have access to and be
exposed to valuable confidential and trade secret information of
ours and our customers. You agree, during the term of your
employment and forever thereafter, to keep confidential all
information and material of ours or our customers
(“Confidential Information”) that relates to our or our
customers’ business, employees, customers, vendors or other
parties we do business with and excluding only information that is
or becomes public knowledge through no fault or participation by
you or information which we no longer treat as confidential. You
agree to keep in strictest confidence and not to disclose, use,
copy or make available to others any Confidential Information
except as is required in the course of your performing services
hereunder or with our prior written permission. Nothing contained
in this Section 3(a) shall be construed to restrict your right
to discuss your working conditions with others.
(b) All documents, manuals, bids,
contracts, financial data, customer lists and information, employee
and applicant lists and information, systems for recruitment and
sales, equipment, hardware, software, source code, data bases,
designs, drawings, plans, data and the like (including all copies
thereof), relating to our business or our customers’
business, which you use, prepare or come into contact with, will
remain our or our customers’ exclusive property and must be
returned to us promptly upon our request or upon termination of
your employment with us for any reason.
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EA-EXEC: VERSION 0305 [NOT FOR USE WITH
EMPLOYEES LOCATED IN CALIFORNIA]
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Employer
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Employee
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(c) You agree that all work product,
inventions, innovations, concepts, developments, designs,
processes, procedures and improvements (“Inventions”)
which are made or conceived by you, under your direction or by you
jointly with others during the course of your employment with us or
within six months after the termination of your employment with us
(including Inventions created outside of working hours), whether or
not patentable or copyrightable, will be work made for hire and our
sole property if related to our business or if created using our
resources. You also agree that any copyrights and other proprietary
interests in such Inventions will belong to us, and you will
promptly and completely disclose and assign all those Inventions to
us. You agree that, from time to time as we may request, you will
sign all documents and do all other things which may be necessary
to secure or establish our ownership of such Inventions and we will
reimburse you for the actual and reasonable expenses you incur in
this regard. Your knowledge base, experience, expertise and
skillets will belong exclusively to you and are excluded from this
Agreement. Any of your Inventions which were recorded or written by
you before entering into this Agreement are also excluded from this
Agreement and shall belong to you provided that you do not
incorporate any such Inventions into any work product created for
us.
(d) The provisions of this
Section 3 are for our benefit and we will have all rights and
remedies to enforce such provisions. Where a provision grants
rights alternatively to us or our customers, we shall determine in
our sole discretion, the appropriate allocation of such
rights.
4. Restrictive
Covenants . You
acknowledge that, as part of our management team, you will be put
in a position of trust and confidence and have access to
Confidential Information, including information about our
operations and employees, you will be in contact with customers and
prospective customers, you will participate in the preparation and
submission of bids and proposals to customers and prospective
customers, and you will have a role in the formulation and
implementation of our strategic plans. Accordingly, for good and
valuable consideration, the adequacy of which is hereby
acknowledged by you, you specifically agree that it is both
reasonable and essential for the protection of our business
interests that you agree to the restrictions set forth in
Section 5 and Section 6 below.
5. Restrictions Against
Post-Employment Solicitation .
(a) If your employment is terminated
for any reason, including resignation by you or termination
by us, with or without Cause (see Section 8(a) below) ,
then for a period of one (1) year immediately following the
termination of your employment, you agree that you will not, on
your own or on behalf of or in connection with anyone
else:
(i) directly or indirectly solicit,
interfere with or attempt to entice away from us, any employee of
ours; or
(ii) directly or indirectly solicit,
interfere with or attempt to entice away from us, for the purpose
of providing services which are competitive to any services we
performed in the six months prior to your termination: (x) any
individual, business or entity that became a customer of ours as a
result of your efforts individually or jointly, (y) any
customer whom you serviced while you were employed by us if they
are a then-current customer of ours, or (z) any individual,
business or entity whom you solicited, or participated in
soliciting, during the last twelve months that you were employed by
us. You specifically agree that this subsection 5(b)(ii) is
necessary to protect, among other things, the following trade
secrets belonging to us: our customer list, including the names,
addresses and identity of all customers who have sought to fill
assignments through us within the six months prior to your
termination and including the names, addresses and identity of all
applicant customers of ours.
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EA-EXEC: VERSION 0305 [NOT FOR USE WITH
EMPLOYEES LOCATED IN CALIFORNIA]
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Employer
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Employee
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(b) You agree that the time periods
for your obligations set forth in this Section 5 will be
extended beyond the time periods specified by the length of time of
any breach of those obligations by you.
(c) Where any portion of this
Section 5 is determined to be invalid by a court of competent
jurisdiction, you and we agree that it is our mutual desire and
intention that such court modify the invalid portion by making the
narrowest possible change which will result in validity of the
provision. Any such invalidity shall not affect the validity of any
of the other portions of this Section 5 or any other part of
this Agreement.
6. Restrictions Against
Post-Employment Competition .
(a) If your employment is terminated
for any reason, including resignation by you or termination
by us, with or without Cause, then for the applicable time period
set forth in subsection (b) below, you agree that you will
not, within the Territory (defined below), as an employee, agent,
representative, consultant, independent contractor or in any other
capacity or manner whatsoever, perform services or assist another
to perform services on behalf of any Competing Business (defined
below), where the services you perform or assist another to perform
are the same as, substantially similar to or related to the
services you performed as our employee. You may not do indirectly
under this provision what you are prohibited from doing directly.
Accordingly, your supervision or coaching of another person who
performs services which are the same as, substantially similar or
related to services you performed as our employee is prohibited.
So, too, is your performance of services which violate this
provision even though you may perform additional services for the
Competing Business which do not violate this provision.
(b) (i) If your employment is
terminated by us other than for Cause and under our policy you are
eligible to receive a severance package, subsection (a) above
shall extend for the same period that you are eligible to receive
severance payments under that package. In order to receive that
package, you will be required to sign an agreement in such form as
we may prescribe that will contain, among other things, a Release
and Waiver of Claims and a restatement of your obligations under
this Section 6. The severance payments will constitute
consideration for the Release and will constitute additional
consideration for the performance of your obligations under this
Section 6. Any decision by you not to accept severance under
our approved severance package will not affect the validity or
enforceability of this Section 6.
(ii) If your employment is
terminated by us other than for Cause and you are not eligible to
receive a severance package, or if you resign your employment, then
provided that we notify you in writing within fourteen days
following your termination, subsection (a) above shall extend
for so long as we pay you periodic amounts equal to one-half of the
rate of base salary you were being paid at the time of your
termination, for a period of time not to exceed six months;
provided that we may discontinue such periodic payments at any time
upon written notice to you and your obligations under subsection
(a) above shall cease.
(iii) If your employment is
terminated for Cause, then subsection (a) above shall extend
for six months following the last date of your
employment.
(c) (i) “Territory”
means a fifty (50) mile radius surrounding the primary office
where you are located and a fifty (50) mile radius surrounding
any other Employer office over which you have supervisory
responsibility or responsibility for a sales, service delivery or
operations function.
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