Description of William Willett Consulting Agreement
Exhibit 10.44
Description of Xxxxxxx Xxxxxxx Consulting Agreement
On January 9, 2006, in connection with the resignation of Xxxxxxx Xxxxxxx as President and Chief Executive Officer of Wayside Technology Group, Inc. (the "Company"), the Company and Xx. Xxxxxxx entered into an oral consulting agreement. Under such consulting agreement, Xx. Xxxxxxx remained as the Company's Chairman of the Board until the Company's 2006 Annual Meeting of Shareholders.
Under the consulting agreement, Xx. Xxxxxxx is required to provide consulting services to the Company for a one-year period beginning in July 2006. The total compensation to Xx. Xxxxxxx for these consulting services will be $250,000, and Xx. Xxxxxxx will be obligated to perform up to 200 hours to assist the Chief Executive Officer of the Company. Pursuant to such consulting agreement, Xx. Xxxxxxx'x Employment Agreement dated July 15, 2002 (as amended) was amended such that only the non-competition provisions in such employment agreement will survive and be extended for a period of time equal to that of the consulting agreement (i.e., until June 30, 2007).