June 14,2010 Joseph L. Cowan 5212 Legends Dr Braselton, GA 30517-4012 Dear Joe,Employment Agreement • March 15th, 2011 • Online Resources Corp • Services-business services, nec
Contract Type FiledMarch 15th, 2011 Company IndustryOn behalf of Online Resources Corporation (the “Company”) and its Board of Directors (the “Board”) I am pleased to offer you the position of President and Chief Executive Officer of the Company, subject to the terms and conditions of this letter agreement (the “Letter Agreement”). Upon acceptance of this offer and satisfaction of any conditions herein, you will also be nominated to serve as a member of the Board.