EXHIBIT 10(d)
SUPPLEMENTAL AGREEMENT
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This Supplemental Agreement entered into as of the 1st day of November, 1995 by
and between Xxxxx X. Xxxx ("Xxxx") and X. X. Xxxxxxxxx & Sons Company
("Donnelley").
WITNESSETH:
WHEREAS, Jarc is currently on a leave of absence from Donnelley pursuant to the
terms of a Retirement and Release Agreement dated May 18, 1995 (the
"Agreement"); and
WHEREAS, Donnelley and Jarc have determined that notwithstanding his leave, Jarc
can provide certain services for Donnelley and related to Donnelley's businesses
in South America;
NOW, THEREFORE, in consideration of the mutual agreements contained herein, the
parties hereby agree as follows:
1. Jarc shall spend up to ten (10) business days traveling in South America
for Donnelley, and shall conduct meetings with government and business
representatives as approved by Donnelley for an assessment of on-going
opportunities in South America. Upon his return, Jarc shall summarize in
writing for Donnelley the results of his meetings and his impressions
therefrom.
2. As compensation for the services described, Donnelley shall pay to Jarc as
additional compensation to that otherwise due under the Agreement, the sum
of five hundred dollars ($500) per hour for up to four thousand dollars
($4,000) per day for each day spent by Jarc in South America, subject to
withholdings taxes as required by law. Further, Donnelley shall reimburse
Jarc for all out-of-pocket expenses incurred by him in traveling to South
America and conducting meetings there, as well as reimbursing Jarc for
travel expenses of Jarc's spouse should it be beneficial to Donnelley that
she accompany him.
3. Jarc acknowledges that he continues to be bound by the terms of the
Agreement Regarding Confidential Information, Intellectual Property and
Non-Solicitation of Employees, executed on November 1, 1988 and set forth
as Exhibit B to the Agreement.
4. The provisions hereof are in addition to the provisions of the Agreement,
but supersede and replace any other agreements, either oral or written,
between the parties as to the subject matter hereof.
IN WITNESS WHEREOF, the parties have executed this Supplemental Agreement as of
the date first above written.
X. X. XXXXXXXXX & SONS COMPANY
/s/ Xxxxx X. Xxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxxx X. Xxxx Xxxxxx X. Xxxxxxxxxxx
