[LETTERHEAD OF CLARKE AMERICAN] December 16, 2005 Bob Leckie 1846 Fallow Run San Antonio, TX 78248 Dear Bob: I am pleased to extend this offer of employment to you for the position of Vice President General Counsel, reporting to Chuck Dawson. Your compensation package will include: o A starting base biweekly salary of $10,080.49 ($262,092.72/yr if annualized) o Vacation: You will be eligible for four weeks of vacation beginning in 2006. o Bonus Plan: You are eligible to participate in the Company Bonus Plan with a maximum payout of 35% of base salary. This will be effective your first day of employment. o Eligibility for Vice President level benefits effective on the first day of your employment. o You will be eligible to participate in the Company benefits and Clarke American Financial Freedom Plan on your effective date with Clarke American. o Car allowance of $495.00 per month. o If Clarke American terminates your employment without cause, you will receive severance in accordance with company policy but no less than 52 weeks of your base salary and appropriate executive level outplacement assistance. This letter shall not constitute, or be evidence of any agreement or understanding, expressed or implied, on the part of Clarke American to employ you for any definite period of time, nor shall it alter your status as an at-will employee of Clarke American. This letter represents our entire offer of employment and is contingent upon receipt of, a voided check for direct deposit purposes, providing proper identification for I-9 purposes within three (3) business days of employment, completion of the standard non-competition agreement, standard confidentiality agreement, and an agreed upon employment date with Clarke American of not later than January 1, 2006. If these provisions meet with your approval, please sign one original and return to me. Retain the other original for your records. We look forward to working with you and hope that you will accept our offer of employment. I believe that you can make a significant and lasting contribution to the future of our company, and just as importantly, I believe that you will thoroughly enjoy your career with Clarke American. Sincerely, /s/ Molly Daniels Molly Daniels Vice President, Human Resources Enclosures: Non-Compete Agreement Confidentiality Agreement /s/ Bob Leckie 16 DEC 05 - -------------------------------------------------------------------------------- ACCEPTED: Bob Leckie DATE:
Clarke American Checks Inactive
Filed: 13 Apr 06, 12:00am