Exhibit 10(E)
INTERTAN, INC.
DEFERRED COMPENSATION PLAN
February 18, 2000
PLAN AGREEMENT
To: XXXXXXX X. XXXXX
The Organization and Compensation Committee of the Board of Directors of
InterTAN, Inc. (the "Committee") has selected you to participate in the Deferred
Compensation Plan (the "Plan"), a copy of which is furnished to you herewith.
Your participation in the Plan is voluntary and conditioned upon your
acceptance of this Plan Agreement in the manner provided below, by which it
shall be agreed between us as follows:
1) Your participation in the Plan and the rights accruing to you and
your designated Beneficiary(ies) thereunder shall be in all respects
subject to the terms and conditions of the Plan, the full text of
which, and as it may be from time to time amended, is incorporated
herein by reference. You agree to be bound by the terms and
provisions of the Plan, and specifically, but without limitation, to
the noncompetition provisions set forth in Section 5.5 of the Plan.
2) For the purpose of determining the amount of benefits payable by
InterTAN, Inc. ("InterTAN") under the Plan, it is agreed and
stipulated that your Plan Benefit Amount in Cdn. $785,000. At the end
of the Plan Agreement is an Addendum, which from time to time may be
used to alter the Plan Benefit Amount as defined in the Plan by
filling in the changed amount of the Plan Benefit Amount, by dating
such change, and by InterTAN and you executing such Addendum.
3) You acknowledge receipt of a Beneficiary Designation Form furnished
you herewith and agree that upon your acceptance and return of this
Plan Agreement as provided below, you will deliver such form completed
as therein required.
If you desire to participate in the Plan, please accept and return the
enclosed copy of this letter, together with your completed Beneficiary
Designation Form, to Xxxxx X. Xxxxxxxxx, on or before thirty (30) days from the
date hereof, whereupon you shall become a Participant in the Plan according and
subject to the terms thereof. If you do not accept and return such copy within
the above time period, then we will assume that you have voluntarily elected not
to participate in the Plan.
Yours very truly,
INTERTAN, INC.
/s/ Xxxxx X. Xxxx
By: __________________________________________________
Xxxxx X. Xxxx, President & Chief Executive Officer
ACCEPTED THIS 21st day of February, 2000.
/s/ Xxxxxxx X. Xxxxx
________________________
Xxxxxxx X. Xxxxx
