VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY
EMPLOYMENT AGREEMENT
Social Security No. __________________________ Employee's Dept I.D.___________
This Employment Agreement ("Agreement") between Volt Information Sciences Inc.
(hereinafter the "Company") and Tom Daley (hereinafter called "Employee") shall
be effective commencing with the Company's fiscal year 2004. Whereas, Employee
is and at all times has been employed by the Company pursuant to the following
terms and conditions and for good and valuable consideration acknowledged
herein, as an officer and employee of the Company, the parties hereby agree as
follows:
1. AT-WILL EMPLOYMENT. The Company and Employee agree that employment is at
all times "at-will" continuing for an indefinite period, subject to
termination at any time by either Employee or the Company for any reason,
with or without cause, by giving notice to the other, and employment shall
terminate upon the giving of such notice. For purposes of this Agreement,
the period during which Employee works for the Company will be called the
"Term of Employment". The parties understand and agree that nothing
contained in this Agreement is intended to constitute a contract of
continued employment. Either party may cancel or terminate Employee's
employment at any time, for any reason, with or without cause. Any
amendment, modification or variation in terms of this paragraph must be in
writing and signed on behalf of the Company by its President or Executive
Vice President; no other officer or employee is authorized to amend, modify
or vary this paragraph.
2. SCOPE OF EMPLOYMENT. As of the effective date of this Agreement, during the
Term of Employment, Employee will serve as a Senior Vice President of the
Company, with certain responsibilities for the
subsidiaries/divisions/segments/departments set forth in Attachment I
affixed hereto (hereinafter collectively referred to as "Employee's
Corporate Dominion"), which are designated by the Company departmental
identification number(s). The Company's job description for Employee's
position may be modified from time to time, as designated by the Company,
at the Company's sole discretion. The Company may change Employee's title,
duties, location of work and/or responsibilities at any time. Employee
agrees to devote Employee's full time services to the best of Employee's
ability, using Employee's best efforts, to promote the interests and
business of the Company. Employee agrees to comply with all rules, policies
and procedures of the Company and Employee agrees not to engage in any type
of activity which is or may be contrary to the welfare, interests, business
or benefit of the Company or the business conducted by the Company now or
in the future. Employee further understands and agrees that a condition of
Employee's employment is to meet performance goals as established by the
Company. These performance goals may be adjusted by the Company, in writing
to Employee, from time to time.
Employee represents and warrants that there are no written or oral
contracts or any other impediment which would inhibit or prohibit the
employment herein provided for, and that Employee will not utilize any
trade secret, confidential information, or other intellectual property
right of another party in the performance of Employee's duties
hereunder.
3. COMPENSATION. In consideration for all services to be performed hereinafter
the effective date of this Agreement by Employee during Employee's Term of
Employment, and provided that Employee has acted, and continues to act, in
accordance with the provisions of this Agreement and the Company's
policies, Employee's employment compensation shall be as follows:
A. SALARY - The Company will pay Employee a salary at a rate of two hundred
fifty thousand dollars and no cents ($250,000.00) per annum, which is to be
paid to Employee on a weekly basis, plus increases, if any, at the
Company's sole discretion. Employee's compensation may be altered and
revised in writing by the Company without affecting the remainder of the
Agreement covenants, all of which shall remain in full force and effect.
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
B. INCENTIVES - In addition to the salary paid by the Company, Employee may be
eligible to receive incentive compensation, if any, pursuant to the
Company's then current Incentive Plan, in effect at the time for Employee's
position, (hereinafter the "Incentive Plan"), set forth below, which the
Company may modify, alter, replace, change or amend, at the Company's sole
discretion, on at least fifteen (15) days prior written notice to Employee.
(i)Employee shall be entitled to be paid quarterly incentives,
based on the aggregate profit and loss statements for those
subsidiaries/divisions/segments/departments in Employee's Corporate
Dominion, which the Company may modify, alter, replace, change or
amend, at the Company's sole discretion, at .27% of the aggregate net
income for Employee's Corporate Dominion per fiscal quarter, pursuant
to the Incentive Plan, (hereinafter "Incentives"). Net Income is
calculated in accordance with generally accepted accounting principles
and Incentives shall be computed consistent with the Company's standard
accounting methods and procedures, pursuant to the following Incentive
Plan formula:
[Total aggregate fiscal quarterly Sales for each and every
subsidiary/division/segment/department in Employee's Corporate
Dominion {minus} Total Direct Costs = Gross Margin {minus}
Overhead Costs {minus} Local and Corporate General and
Administrative Expenses {plus} Work Opportunity Tax Credit] =
Net Income {multiply} .0027 (or .27%) = Incentives.
(ii)Incentives are computed from the profit and loss statement
calculation of Net Income for each and every
subsidiary/division/segment/department in Employee's Corporate
Dominion, which may be either a positive or negative amount. Employee
is entitled to receive an aggregate of the Incentives earned which are
debited or credited in a consolidated profit and loss statement for the
fiscal quarter for all subsidiaries/divisions/segments/departments in
Employee's Corporate Dominion. Aggregate Net Income losses for
Employee's Corporate Dominion shall carry forward in the computations
from the first to the second fiscal quarter and the third to the fourth
fiscal quarter, for purposes of determining the aggregate Incentives to
which Employee is entitled for these fiscal quarters.
(iii)Incentives shall be accrued and paid to Employee
quarterly pursuant to the Incentive Plan. Incentive payments will cease
as of the final quarter of employment termination and will be paid to
Employee only through the last full fiscal quarter actually worked by
Employee prior to Employee's employment termination from the Company.
Incentive payments for the first three fiscal quarters of the Company's
fiscal year shall be paid to Employee approximately forty-five (45)
days following the close of the fiscal quarter and for the fourth
quarter an estimated ninety (90) days after the close of the fiscal
year.
C. YEAR END IMPROVEMENT BONUS - In addition to the salary and Incentives
compensation set forth above, Employee may be eligible to receive a Year
End Improvement Bonus, if any, pursuant to the Company's then current
Fiscal Year End Improvement Bonus Plan, in effect at the time and
applicable for Employee's position (hereinafter the "Improvement Bonus
Plan"). The Company may modify, alter, replace, change or amend, from time
to time, at the Company's sole discretion, on fifteen (15) days prior
written notice to Employee.
(i)Employee shall be eligible to be paid an Improvement Bonus
pursuant to this section, based upon the increase of the aggregate Net
Income for all subsidiaries/divisions/segments/departments in
Employee's Corporate Dominion for the Company's fiscal year, as
compared with that of the immediately preceding Company Fiscal Year for
the same subsidiaries/divisions/segments/departments. For purposes of
determining the Improvement Bonus, the Company Fiscal Year Net Income
for Employee's Corporate Dominion shall be comprised of the aggregate
monthly Net Incomes for each and every
subsidiary/division/segment/department identified on Attachment I
during the Current Company Fiscal Year, as compared with the
immediately preceding Company Fiscal Year for the same
subsidiaries/divisions/segments/departments. At the Company's sole
discretion,
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
subsidiaries/divisions/segments/departments can be added to or removed
from Employee's Corporate Dominion. Net Income for added or removed
subsidiaries/divisions/segments/departments will be included into the
aggregate Current Company Fiscal Year Net Income for Employee's
Corporate Dominion only for those fiscal months that each remained
designated in Employee's Corporate Dominion and compared to the monthly
Net Income for the corresponding fiscal time period of the previous
year for said subsidiaries/divisions/segments/departments.
(ii)If Current Company Fiscal Year Net Income for Employee's
Corporate Dominion is a positive number, and exceeds the preceding
Company Fiscal Year's aggregate Net Income for Employee's Corporate
Dominion, by five percent (5%) or more, then Employee shall be entitled
to one percent (1%) of the Net Income improvement (hereinafter
"Improvement Bonus" or "Bonus"). The Net Income Difference and Net
Income Differential (hereinafter defined below) are calculated in
accordance with generally accepted accounting principles and the
Improvement Bonus shall be computed consistent with the Company's
standard accounting methods and procedures, pursuant to the following
Improvement Bonus Plan step formula:
Step 1: For each and every subsidiary/division/segment/department in
Employee's Corporate Dominion during the Current Company Fiscal Year,
total all fiscal month Net Incomes for such
subsidiaries/divisions/segments/departments for the Current Company
Fiscal Year, which will then equal the Current Fiscal Year Dominion Net
Income;
Step 2: Total all fiscal month Net Incomes for these same
subsidiaries/divisions/segments/departments, from the immediately
preceding Company Fiscal Year for the same fiscal months identified in
Step 1 above, which will then equal the Preceding Fiscal Year Dominion
Net Income;
Step 3: Subtract the Preceding Fiscal Year Dominion Net
Income from the Current Fiscal Year Dominion Net Income = Net Income
Difference;
Step 4: Net Income Difference {minus} [Preceding Fiscal
Year Dominion Net Income {multiply}.05 (or 5%)] = Net Income
Differential;
Step 5: Net Income Differential {multiply} .01 (or 1%) =
Improvement Bonus.
For example, if the Current Company Fiscal Year Dominion Net Income is
$750,000, minus the Preceding Company Fiscal Year Dominion Net Income
of $500,000, this equals a difference of $250,000; then minus $25,000
(which is 5% of $500,000 for the Preceding Company Fiscal Year Dominion
Net Income), which equals $225,000, and then multiply by 1%, equals
$2,250.00.
Or;
For another example, if the Current Company Fiscal Year Dominion Net
Income is $100,000, minus the Preceding Company Fiscal Year Dominion
Net Income of (-$50,000), this equals a difference of $150,000, minus
(-$2,500), (which is 5% of (-$50,000) for the Preceding Company Fiscal
Year Dominion Net Income), which equals $147,500, and then multiply by
1%, equals $1,475.00.
(iii) Employee shall be eligible to receive the Improvement
Bonus only through the last full Company Fiscal Year actually worked by
Employee in the applicable title/position identified herein, prior to
Employee's employment termination from the Company. The Improvement
Bonus shall be based upon the Net Income from the final Company Fiscal
Year profit and loss statements for Employee's Corporate Dominion. The
Improvement Bonus shall only be considered earned by Employee during
Employee's Term of Employment and is payable to Employee approximately
an estimated ninety (90) days after the close of the Company Fiscal
Year.
D. INCENTIVE AND IMPROVEMENT BONUS PLANS (the "Plans") CONDITIONS
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
(i)Incentives/Bonuses are a form of additional compensation
payable only during the Employee's Term of Employment by the Company.
Employee's eligibility for and right to receive Incentives and Bonuses
are strictly conditioned on Employee's continued employment with the
Company and actually performing services for the Company, for the
entire applicable fiscal quarter or year, respectively, including but
not limited to servicing of accounts, maintaining ongoing client
contacts, assisting with the collection of customer account sales
revenues, expanding business opportunities, increasing usage of the
Company's employees and services, securing new business, and other
similar services.
(ii)The administration of the Incentive and Improvement Bonus
Plans, including all interpretations thereof, are the responsibility of
the Company's Chief Financial Officer, subject to the final approval of
the Company's Executive Vice President. The Company's determination
regarding Incentives shall be final and binding on the parties hereto.
(iii)Any dispute as to sales allocations or assessment of
costs for purposes of Incentives/Bonuses shall be brought to the
attention of the Company's Chief Financial Officer for resolution and
shall be decided by the Company's Executive Vice President, whose
decision shall be final and binding.
(iv)The Company does not authorize anyone to make an oral
promise or oral agreement as to Incentives/Bonuses and no employee may
rely on any oral agreement or representation by anyone as to their
Incentives/Bonuses compensation. Employee's compensation may only be
altered and revised in writing by the Company, signed by the President
or Executive Vice President of the Company, without affecting the
remainder of the Agreement covenants, all of which shall remain in full
force and effect.
(v) It shall be Employee's responsibility to review the
Company's accounting reports related to the Incentives and/or Bonuses.
Should Employee dispute the sales allocations or assessment of costs,
for purposes of Bonuses/Incentives (for example, customer sales or
deductions are erroneously omitted or included or Employee disagrees
with the assessment of costs or for any other reason), Employee must
notify the Company's Chief Financial Officer, in writing, within one
hundred twenty (120) days following the close of the fiscal
quarter/year in question, as to the specifics of any discrepancy,
Incentives/Bonuses dispute or adjustment of the sales allocation or
assessment of costs, such that the data used for the calculations for
Incentives or Bonuses may be properly and timely credited or debited.
Employee's entitlement to any and all disputed or unpaid
Incentives/Bonuses, is expressly conditioned upon Employee's compliance
with the terms of this paragraph.
E. If Employee remains in the employ of the Company after the effective date
of any alteration, revision or change in Employee's compensation, including
but not limited to modifications to the Incentive or Improvement Bonus
Plans, Employee shall conclusively be deemed to have accepted and agreed to
such modified terms and conditions for Employee's employment compensation.
All other terms and conditions of the Agreement shall remain in full force
and effect.
F. During Employee's Term of Employment, Employee shall be entitled to the use
of a company owned car, which is at all times at the Company's sole
discretion.
G. Employee will receive such other benefits regularly provided to similarly
situated employees of the Company, commensurate with Employee's position,
pursuant to standard Company policy, which is subject to change by the
Company at any time, in its sole discretion.
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
H. All Employee compensation payments will be subject to such deductions by
the Company as the Company is from time to time permitted or required to
make pursuant to law, government regulations or order, or by agreement with
Employee. Such payments may be made by check or checks of the Company, or
any of its parents, subsidiaries or affiliates as the Company may, from
time to time, find proper and appropriate.
4. NON-DISCLOSURE. Employee agrees that at no time will Employee use for
Employee's own benefit nor directly or indirectly make known or divulge to
any other person, firm or corporation, any confidential information or
trade secret of the Company (as defined by any and all applicable trade
secrets acts or comparable laws), or of any of the Company's customers,
including but not limited to:
(a) The names and addresses of any of the customers or patrons of the
Company (whether such customers or patrons have been obtained by
Employee or otherwise), customer lists, customer contacts, customer
requirements and markup rates and/or pricing ; or
(b) Any information concerning the Company's methods of conducting
business, obtaining customers, proposal preparation or content or
Company operations; or
(c) The names, addresses, telephone numbers, skills, duties, performance
evaluations or compensation of any Employees of the Company; or
(d) Any other confidential information or trade secret of the Company or
any of the Company's customers, learned or acquired by Employee during
the Term of Employment.
5. RETURN OF PROPERTY. The original and all copies of all software, files,
records, drawings, specifications, customer and/or employee contacts/lists
and other documents of any nature whatsoever, whether prepared by Employee
or otherwise coming into Employee's possession while employed by the
Company, are and shall remain the exclusive property of the Company and may
not be used except as required in the course of employment by the Company.
On termination of Employee's employment, and regardless of the reason for
termination, Employee will immediately return to the Company any and all
Company property and all other material which Employee was given or had
access to during the Term of Employment.
6. WAIVER OF JURY TRIAL. Employee and the Company each hereby agree to waive
our respective right to trial by jury in any lawsuit or cause of action
between Employee and the Company and/or the Company's other employees.
7. AGREEMENT TO ARBITRATE DISPUTES. Any dispute, controversy or claim arising
out of, involving, affecting or related to this Agreement, or breach of
this Agreement, or arising out of, involving, affecting or related in any
way to Employee's employment or the conditions of employment or the
termination of Employee's employment, including but not limited to
disputes, controversies or claims arising out of or related to the actions
of the Company's other employees, under Federal, State and/or local laws,
and/or other such similar laws or regulations, shall be resolved by final
and binding arbitration, pursuant to the Federal Arbitration Act, in
accordance with the applicable rules of the American Arbitration
Association in the state where Employee is or was last employed by the
Company. The arbitrator shall be entitled to award reasonable attorney's
fees and costs to the prevailing party. The award shall be in writing,
signed by the arbitrator, and shall provide the reasons for the award.
Judgment upon the arbitrator's award may be filed in and enforced by any
court having jurisdiction. This Agreement to Arbitrate Disputes does not
prevent Employee from filing a charge or claim with any governmental
administrative agency as permitted by applicable law.
8. INVENTIONS. As between Employee and the Company, all discoveries, ideas,
creations, inventions and properties (collectively called "Discoveries")
written or oral which are (a) created, developed, invented or used by
Employee during Employee's Term of Employment, whether or not created,
conceived, discovered and/or developed by
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
Employee during regular working hours; or which are (b) created,
developed, invented, or used by the Company, whether or not in
connection with Employee's employment by the Company, will be the sole
and absolute property of the Company for any and all purposes
whatsoever, in perpetuity. Employee will not have, and will not claim
to have, any right, title or interest of any kind of nature whatsoever
in or to any such Discoveries.
The previous paragraph does not apply to any Discoveries for which no
equipment, supplies, facility or trade secret information of the
Company or any customer was used and which was developed entirely on
Employee's own time, and (i) which does not relate to the business of
the Company or to the Company's or customer's actual or demonstrably
anticipated research or development; or (ii) which does not result from
any work performed for the Company and its customers. Employee further
agrees that during the Term of Employment, all inventions being
developed by Employee shall be identified to the Company. Upon request
by the Company, Employee will disclose any such invention to the
Company (by a full and clear description) for the purpose of
determining the Company's rights therein.
9. COVENANT NOT TO SOLICIT/COMPETE. Employee acknowledges that the Company has
made and will continue to make significant investments in order to maintain
and develop its business, and that in order to enable Employee to do
Employee's job better, the Company will disclose to Employee confidential
information concerning its techniques and methods of obtaining and
servicing its customers and pricing information, and specific needs of its
customers, and that the Company will extend to Employee the opportunity to
develop personal contacts with its present and potential customers.
Employee further acknowledges that the methods employed in the Company's
business are such that place Employee in close business and personal
contact with the Company's customers. Accordingly, unless otherwise
prohibited by law, Employee agrees as follows:
(a) During the Term of Employment Employee will not directly or indirectly
engage in a business which is similar to the type of business
conducted by the Company or competes with the Company, or any of its
parents, or its or their subsidiaries or affiliates in any way.
(b) In those states which will enforce covenants not to compete, for a
period of one (1) year after the Term of Employment ends (regardless
of the reason that Employee's employment terminates), Employee will
not, directly or indirectly, either for Employee or for any other
person, firm, company, or corporation, engage in a business similar to
the type of business conducted by the Company, nor competes with the
Company, (i) within a radius of fifty (50) miles from the last Company
office at which Employee was last employed; or (ii) within a radius of
fifty (50) miles from each of the Company offices over which Employee
had managerial and/or administrative responsibilities at any time
during the one (1) year period prior to Employee's termination of
employment with the Company, whichever is greater.
(c) For the one (1) year period after the termination of the Term of
Employment, (and regardless of the reason that Employee's employment
terminates), Employee will not, directly or indirectly, either for
Employee or for any other person, firm, company or corporation;
(1) Call upon, solicit, divert, or take away or attempt to solicit, divert
or take away any of the customers, business or patrons of the Company;
or
(2) Call upon, solicit or attempt to solicit business from any person,
firm, company or corporation which has communicated with or has been
solicited by the Company during the one (1) year period prior to the
termination of the Term of Employment; or
(3) Hire or employ any employee of the Company, nor advise, solicit or
encourage any employees of the Company to leave its employ.
(d) In addition, Employee agrees that Employee will not at any time during
or after the termination of this Agreement,engage in any business
which uses as its name, in whole or in part, the name "Volt" or any
other name used by the Company during the Term of Employment.
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
(e) For purposes of Paragraphs 9(a), 9(b), 9(c) and 9(d), Employee will be
deemed to be engaged in a business if Employee participates in such
business as proprietor, partner, joint venturer, stockholder,
director, officer, lender, manager, employee, consultant, advisor or
agent, or if in any way Employee controls such business. However,
Employee will not be deemed a stockholder or lender if Employee holds
less than five percent (5%) of the outstanding equity or debt of any
publicly-owned corporation engaged in the same or similar business as
that of the Company or any of its subsidiaries or affiliates, provided
Employee is not in a control position with respect to such
corporation.
10. INVALIDITY AND SEVERABILITY. If any provision of this Agreement is held
invalid or unenforceable, such invalidity or unenforceability shall not
affect the other provisions of this Agreement, and to the extent, the
provisions of this Agreement are intended to be and shall be deemed
severable. In particular and without limiting the foregoing sentence, in
the event any provision of Paragraph 9 of this Agreement shall be held to
be invalid or unenforceable by reason of geographic or business scope or
the duration thereof, such invalidity or unenforceability shall not attach
to any other provisions of Paragraph 9 or any other paragraph of this
Agreement, and this Agreement and any such provisions shall be construed as
if the geographic or business scope or the duration of such provisions had
been more narrowly drawn so as not to be invalid or unenforceable. The
covenants contained in Paragraphs 4, 5, 6, 7, 8 , and 9 shall be construed
as an Agreement independent of any other provision of this Agreement, and
any claim or cause of action by Employee, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of such covenants.
11. INJUNCTIVE RELIEF. The parties hereto recognize that irreparable damage
will result to the Company, its business and properties if Employee fails
or refuses to perform Employee's obligations under this Agreement, and that
the remedy at law for any such failure of refusal will be inadequate.
Accordingly, in addition to any other remedies and damages available,
including the provision contained in Paragraph 7 for arbitration (none of
which remedies or damages is hereby waived), the Company shall be entitled
to injunctive relief and Employee may be specifically compelled to perform
Employee's obligations under this Agreement. The institution of an
arbitration proceeding shall not bar injunctive relief pending the final
determination of the arbitration proceedings hereunder.
12. APPLICABLE LAW. This Agreement is to be governed by and construed in
accordance with the internal laws of the State where Employee was last
employed by the Company.
13. ASSIGNMENT. This Agreement may be assigned by the Company. This Agreement
may not be assigned by Employee.
14. FURTHER INSTRUMENTS. Employee will execute and deliver all such other
further instruments and documents as may be necessary, in the opinion of
the Company, to carry out the purposes of this Agreement or to confirm,
assign or convey to the Company the discoveries, ideas, inventions, or
properties referred to in Paragraph 8 hereof, including the execution of
all patent, copyright, trademark or trade name applications and
assignments.
15. WAIVER OF BREACH. Waiver by either party of a breach of any provision of
this Agreement by the other shall not operate or be construed as a waiver
of any subsequent breach by such other party except to the extent that if
Employee remains in the employ of the Company after the effective date of
any alteration, revision or change in Employee's position, duties, or
compensation, Employee shall conclusively be deemed to have accepted and
agreed to such modified terms for Employee's employment.
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
16. ENTIRE AGREEMENT. This instrument contains the entire agreement of the
parties as to the subject matter hereof. This Agreement may not be changed
orally, but only by an agreement in writing, signed by the party against
whom enforcement of any waiver, change, modification, extension or
discharge is sought.
I /WE CERTIFY THAT I/WE HAVE READ THE ABOVE AND AGREE TO ALL TERMS AND
CONDITIONS OF THIS EMPLOYMENT AGREEMENT EFFECTIVE COMMENCING WITH THE COMPANY'S
FISCAL YEAR 2004.
VOLT INFORMATION SCIENCES, INC. EMPLOYEE: TOM DALEY
By: ___________________________________ Signature: ____________________
Title: _________________________________
VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
EXHIBIT 10.4(a)
EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND THOMAS DALEY--Continued
EMPLOYEE'S CORPORATE DOMINION
a) Volt Telecommunications Group Inc. - United States, West Region only
b) Volt Services Group, a division of Volt Management Corp.
c) Volt Services Group, a division of Volt Technical Resources LLC
d) VMC Consulting Inc. - United States; Canada; and Internationally
e) Shaw & Shaw Inc. - United States
f) Fidelity National Credit Services Ltd.
g) ProcureStaff Inc. - United States and International
Attachment "I" to Employment Agreement for Tom Daley effective commencing with
the Company's fiscal year 2004.
Employee's Initials _______