EXHIBIT 10.18
[Danka Logo]
November 20, 2000
Xx. Xxxxxxx Xxxxxxx
00000 Xxxxxxx Xxxxx Xxxxx
XXX000
Xxxxxx, XX 00000
Dear Xxxxxxx:
This Letter will confirm the agreement between you and the Danka Business
Systems, PLC, Board of Directors, to perform the duties of Chief Executive
Officer of the Company until a permanent Chief Executive Officer is found or
this Letter Agreement is otherwise terminated by either party. Your powers and
duties for the Company shall be those powers and duties customary to the Chief
Executive Officer in similar publicly held corporations and you will report to
the Board of Directors.
The Company shall pay you the sum of Five Thousand & 00/100 Dollars
($5,000.00) per day for those days you perform services for the Company. Please
submit a bi-weekly statement to Xxxxx Xxxxxx in the Legal Department which
identifies the number of days worked and expenses incurred and you will be
reimbursed within ten (10) business days. You will be reimbursed for all
reasonable and necessary business expenses, both while staying in St. Petersburg
on Company matters and during other travel related to Company matters,
including: hotel, meals, travel and transportation to and from your home in
Naples, Florida. All payments will be by direct deposit from the Company into
such account as you identify.
This Agreement will be effective as of October 11, 2000, and shall continue
in effect until terminated by either party upon seven (7) days notice, or
immediately upon mutual agreement.
The parties acknowledge that you are a member of the Company's Board of
Directors and will abide by all directives of the Board regarding independence
and other similar issues. The relationship created under this Agreement is that
of an independent contractor and not as an employee.
The Board appreciates your willingness to serve in this capacity. If you
have any questions regarding this arrangement, please direct them to me as Chair
of the Human Resources Committee.
Very truly yours,
/s/ X. Xxxxxxx Xxxxxxxxxx
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X. Xxxxxxx Xxxxxxxxxx
00000 Xxxxx Xxxxxx Xxxxx
Xx. Xxxxxxxxxx, XX 00000
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