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Exhibit 10.30
[DOCUMENT SCIENCES LETTERHEAD]
CONSULTING AGREEMENT
GENERAL
This agreement is entered into between Xxxx X. Xxxxxx, hereinafter referred to
as "Consultant", Document Sciences Corporation, hereinafter referred to as
"Company", and Xxxx X. Xxxxxxxxx, Acting President and Chief Executive Officer,
hereinafter referred to as "President and CEO". Company agrees to retain
Consultant to serve as an Interim Chief Financial Offer. Responsibilities and
duties of Consultant will be as agreed to between Consultant and President and
CEO, will be in the normal course of business and consistent with similar
responsibilities exacted by and duties performed by Chief Financial Officers, in
general.
PAYMENT
Company agrees to pay Consultant $15,000.00 per month and Consultant agrees to
accept $15,000.00 per month for all services rendered and personal costs
incurred by Consultant in execution of the previously mentioned responsibilities
and duties.
TERM
The term of this agreement will be no less than three (3) months and may be
extended by mutual agreement of President and CEO and Consultant. Services under
the initial term of this agreement will commence on May 18, 1998, and end on
August 17, 1998.
RENEWALS
Renewals of this agreement, if any, will be determined as soon as possible by
President and CEO and Consultant. Fees related to renewals will be decided
between President and CEO and Consultant at least 15 days before the end of the
initial term and any succeeding term. If renewals are made in increments of
three (3) months or less, it is hereby agreed to by Consultant and President and
CEO that the fee for each such increment will be $15,000.00 per month, covering
like items as indicated above for the initial term. If renewals are made in
increments any greater than three (3) months, Consultant and President and CEO
agree to a monthly fee for each month of the first renewal period of $13,500.00,
for up to one six month renewal. This agreement does not contemplate Consultant
being retained as Interim Chief Financial Officer for a period of more that nine
(9) months.
/s/ Xxxx X. Xxxxxx
---------------------------------------------
Xxxx X. Xxxxxx, Consultant
/s/ Xxxx X. Xxxxxxxxx
---------------------------------------------
Xxxx X. Xxxxxxxxx, Acting President and CEO
Document Sciences Corporation
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[DOCUMENT SCIENCES LETTERHEAD]
July 15, 1998
Xx. Xxxx X. Xxxxxx
0000 Xxxxxxx Xxxxxxxxx, Xxx X
Xxxxxxxx, XX 00000
Dear Xxxx:
Pursuant to a conversation you had today with Xxxxx Xxxxxx, I am hereby
extending your Consulting Agreement through October 31, 1998, in accordance with
the terms specified in the Agreement. Specifically, you will continue to serve
as Interim Chief Financial Officer of Document Sciences Corporation, and on each
of the dates of August 15, September 15, and October 15 we will pay you $15,000
in payment of services to be rendered through October 31, 1998.
/s/ Xxxx X. Xxxxxxxxx
---------------------------------------------
Xxxx Xxxxxxxxx
Interim Chief Executive Officer
3
[DOCUMENT SCIENCES LETTERHEAD]
September 21, 1998
Xx. Xxxx X. Xxxxxx
0000 Xxxxxxx Xxxxxxxxx, Xxx X
Xxxxxxxx, XX 00000
Dear Xxxx:
Pursuant to our conversation on September 9, 1998, your Consulting Agreement is
extended through January 31, 1999, in accordance with the terms specified in the
Agreement which began May 18, 1998. Specifically, you will continue to serve as
Interim Chief Financial Officer of Document Sciences Corporation. On each of the
dates of October 15, 1998; November 15, 1998; December 15, 1998; and January 15,
1999, you will receive pay at a rate of $15,000.00 per month in payment of
services to conclude January 31, 1999.
/s/ Xxxxxxx X. Xxxxxx
-----------------------------------
Xxxxxxx X. Xxxxxx
President and CEO
/s/ Xxxx X. Xxxxxx
-----------------------------------
Xxxx X. Xxxxxx
Agreed and accepted
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[DOCUMENT SCIENCES LETTERHEAD]
February 5, 1999
Xx. Xxxx X. Xxxxxx
0000 Xxxxxxx Xxxxxxxxx, Xxx X
Xxxxxxxx, XX 00000
Dear Xxxx:
Pursuant to our conversation on February 2, 1999, I am extending your Consulting
Agreement through July 31, 1999, in accordance with the terms specified in the
Agreement, notwithstanding the original anticipated "no longer than date".
Specifically, you will continue to serve as Interim Chief Financial Officer of
Document Sciences Corporation. We will pay you at the new rate of $20,000 per
month. That amount will be paid to you on February 15, March 15, April 15, May
15, June 15, and July 15, 1999, in payment for services to be rendered. This
extension replaces the extension granted to you on January 4, 1999.
/s/ Xxxxxxx X. Xxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxx
President and CEO
/s/ Xxxx X. Xxxxxx
-------------------------------------
Agreed and accepted
Xxxx X. Xxxxxx
Contractor
