Exhibit 10(e)
INTERTAN, INC.
DEFERRED COMPENSATION PLAN
November 1, 2001
PLAN AGREEMENT
To: XXXXX 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 is Cdn. $1,857,000. 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 Xxxxxxx X. Xxxxx, 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.
By: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx, President & Chief
Executive Officer
ACCEPTED THIS 20/th/ day of November, 2001.
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
