CHANGE OF CONTROL AGREEMENTChange of Control Agreement • May 6th, 2011 • Gsi Commerce Inc • Retail-catalog & mail-order houses • California
Background: Employer and Executive were parties to a Personal Services Agreement dated June 27, 2001, pursuant to which Executive was employed as President and Chief Executive Officer of a subsidiary of Global-QVC Solutions, Inc., n/k/a GSI Commerce Solutions, Inc., a subsidiary of Employer (the “Prior Agreement”). The Prior Agreement expired by its terms on or about June 12, 2004. Employer desires to document the terms of Executive providing personal services in connection with the Employer’s business which is the operation of a network of businesses designed to enable enterprise clients to maximize their opportunities in the digital channel and includes three business segments: Global e-Commerce Services, Global Marketing Services and Consumer Engagement. Each business segment offers products and services that not only stand-alone but that also complement each other, which allows for cross-selling within and between businesses (the “Business”), and Executive desires to accept such em
