Tatum, LLC Part-Time Permanent Engagement Resources AgreementPart-Time Permanent Engagement Resources Agreement • September 21st, 2007 • Silverstar Holdings LTD • Services-prepackaged software • Georgia
Tatum, LLC ("Tatum") understands that Silverstar Holdings, Ltd. (the "Company") desires to hire Lawrence R. Litowitz, one of our partners, as an employee of the Company (the "Employee") pursuant to the terms of that certain Employment Letter, dated as of even date herewith (the “Employment Letter”), between the Company and the Employee. The Company acknowledges that the Employee is and will remain a partner in Tatum and will have access to Tatum's resources (including access to Tatum’s network of partners and intellectual capital) for use in his employment with the Company. This Part-Time Permanent Engagement Resources Agreement (this "Resources Agreement") sets forth the rights of the Company, through the Employee, to use such resources for the benefit of the Company and for the payment for such services.
Employment LetterEmployment Agreement • September 21st, 2007 • Silverstar Holdings LTD • Services-prepackaged software
The Company and the Employee acknowledge and agree that a portion of the Employee's compensation, as provided below, will be allocated to Tatum as compensation for Tatum's provision of resources to the Employee as provided in the Part-Time Permanent Engagement Resources Agreement between the Company and Tatum, dated as of even date herewith (the "Resources Agreement"). The Company and the Employee agree that any payments made to Tatum will reduce the Employee's compensation for purposes of determining taxable income and should not be reflected as compensation in the Employee's W-2 report.
