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2 similar Form of Retention Agreement contracts by Merisel Inc /De/

EXHIBIT 10.69 FORM OF RETENTION AGREEMENT This Retention Agreement is dated as of , 1997 and is between Merisel, Inc., a Delaware corporation (the "Company"), and Timothy N. Jenson ("Executive"). The Company desires to retain Executive as an employee...
Form of Retention Agreement • July 25th, 1997 • Merisel Inc /De/ • Wholesale-computers & peripheral equipment & software • California

not constitute "Good Reason," or (iv) a successor to all or substantially all of the business and assets of the Company fails to furnish Executive with the assumption agreement required by Section 7 hereof. (f) "Termination for Cause" shall mean if the Company terminates Executive's employment for any of the following reasons: Executive misconduct (misconduct includes physical assault, insubordination, falsification or misrepresentation of facts on company records, fraud, dishonesty, willful destruction of company property or assets, or harassment of another employee of the Company by Executive in violation of the Company's policies); excessive absenteeism; abuse of sick time; or Executive's conviction for or a plea of nolo contendere by Executive to a felony or any crime involving moral turpitude. (g) "Expiration Date" shall mean July 31, 1999. 2. At-Will Employee. Subject to the express provisions of this Agreement, the Company shall have no obligation to retain or continue Executive

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