[LETTERHEAD OF CLARKE AMERICAN]
June 1, 2004
Molly Daniels
149 E. Hollywood
San Antonio, TX 78212
Dear Molly:
I am pleased to extend this offer of employment to you for the
position of Vice
President Human Resources, reporting to me effective May 16, 2004.
Your compensation package will include:
o
A starting base biweekly salary of $144,538.00/yr if annualized
o
Your bonus opportunity will be prorated based on time in position.
You are
eligible for the Company Bonus Plan, as already communicated to you
through April 2004. Effective May 2004, you will be eligible for up
to 50%
of you base salary as part of the Novar Group Bonus Scheme.
o
You will be included in an executive share option plan provided by
Novar
plc. In this plan, you will be eligible to receive Novar plc stock
options
beginning in 2005, at a price set at the date of grant. These
shares are
publicly traded in pounds sterling on the London Stock Exchange.
Currently, such stock options vest three (3) years following the
issue
