1
Exhibit 10(iii)(A)(9)
DATE: September 18, 1997
TO: BAE
FROM: WLS
RE: Intrav Employment
The following sets forth the agreement we made today.
I will become CFO of Intrav/Clipper ASAP but no later than Friday, September
26, 1997. I will also go on the Board of Directors. My annual salary will
be $140,000, and I will be granted 100,000 options to buy Intrav stock at the
market price prevailing on the day I become CFO. Upon termination of my
employment with Intrav, I will receive a severance payment of $100,000.
I will retain all of my existing advisory, consulting, and director
relationships and continue to receive compensation therefrom, but I will
agree not to enter into any new relationships without your specific consent.
Acknowledged & Agreed:
/s/ Xxxxxx X. Xxxxxxxx
------------------------------------------
Xxxxxx X. Xxxxxxxx
/s/ Xxxxx X. Xxxxx XX
------------------------------------------------
Xxxxx X. Xxxxx XX
