Exhibit 10.15
[Letterhead of PSW TECHNOLOGIES]
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October 2, 1996
Xxxxxxxx Xxxxxxx
Vice President of Operations
Pencom Systems, Inc.
00 Xxxxxx Xxxxxx
Xxx Xxxx, XX 00000
SUBJECT: Letter of Agreement for Accounting and Legal Services from Pencom
Systems, Inc.
Dear Xxxxxxxx:
In consideration of the services listed below, PSW Technologies, Inc. agrees
to pay Pencom Systems, Inc. the sum of $7,00.00 per month. The term of this
agreement shall be from October 1, 1996 to April 30, 1997, unless terminated
in writing by either party with ten (10) days notice.
Pencom shall provide the following services and performance levels under this
agreement.
1. All accounting services to complete the 1996 Pencom Software division
transactions and books through September 30, 1996 including support of
PSW Technologies, Inc. 1996 audit. Accounting Services shall be provided
in a timely manner so as not to impact the February 7, 1997 completion of
the 1996 audit.
2. Support transfer of all Pencom Software accounting, payroll, benefits and
human resource records to PSW Technologies, Inc.
3. Provide contract review services for all PSW Technologies, Inc. contracts.
4. Provide general counsel services to coordinate legal activities associated
with the spin-out and initial public offering of PSW Technologies, Inc.
Services shall be provided in a timely manner so as not to impact the
March 31, 1997 IPO schedule.
Xxxxxxxx Xxxxxxx
October 2, 1996
Page 2
Please acknowledge your agreement with these terms by your signature below.
Xxx Xxxxxx
CFO, VP of Operations
PSW Technologies, Inc.
Agreed to Agreed to
By: /s/ Xxxxxxxx Xxxxxxx By: /s/ Xxx Xxxxxx
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Xxxxxxxx Xxxxxxx Xxx Xxxxxx
VP of Operations CFO, VP of Operations
Pencom Systems, Inc. PSW Technologies, Inc.
Date: 2/5/97 Date: 1/19/97
