Exhibit 10.81

 

RELOCATION REPAYMENT AGREEMENT
GROUP MOVE

 

THIS AGREEMENT entered into this 10th day of November 2005, by and between
OfficeMax, Incorporated (“Company”) and Ryan Vero (“Employee”).

 

W I T N E S S E T H:

 

WHEREAS, Company currently employs Employee at Company’s Shaker Heights Retail
Support Center facility; and

 

WHEREAS, Company and Employee have agreed that Employee will be relocated to
Company’s corporate headquarters located in Illinois; and

 

WHEREAS, in order to relocate Employee, substantial expenditures will be
required by Company (“Relocation Costs”); and

 

NOW, THEREFORE, in consideration of Company’s incurring Relocation Costs on
Employee’s behalf and for other good and valuable consideration, the sufficiency
and receipt of which is hereby acknowledged, Company and Employee agree as
follows:

 

1.     Company and Employee agree that Employee will relocate to the Company’s
corporate headquarters in Illinois.

 

2.     Company will provide and pay for Relocation Costs as specified in the
Group Move Relocation Program, a copy of which has been provided to Employee
(the “Relocation Program”). Either Company or its third party provider will
confirm with Employee the Relocation Costs that the Company will provide, prior
to Employee’s relocation.

 

3.     If Employee voluntarily terminates his/her employment within twelve (12)
months of the date Employee permanently relocates their office to the new
location in Illinois, Employee agrees to reimburse Company for 100% of the
Relocation Costs paid to Employee by the Company in connection with Employee’s
relocation to the corporate headquarters in Illinois. Employee hereby agrees to
reimburse Company in full within thirty (30) days after the date Employee
terminates his/her employment with Company. Except as may be specifically
prohibited by law, Employee authorizes Company to deduct Relocation Costs paid
to Employee by the Company from any sums of money for wages or other
compensation otherwise due Employee upon Employee’s termination of employment.
If Employee fails to make payment when due, Employee agrees to pay Company
interest on the Relocation Costs at 7% per annum until paid in full. In
addition, if this Agreement is given to a collection agency, an attorney,
including an in-house attorney, or is collected through bankruptcy or other
judicial proceeding, Employee agrees to pay all costs of collection, including
reasonable attorneys’ fees and costs, expenses and court costs, in addition to
any other amounts due.

 

Employee understands and agrees that upon their termination of employment for
any reason whatsoever, any mortgage subsidy provided by the Company as part of
the Relocation Program will immediately cease upon their termination, or notice
of termination, of employment, regardless whether such termination was voluntary
or involuntary.

 

4.     If Employee is terminated for disciplinary reasons within twelve (12)
months of the date Employee permanently relocates their office to the new
location, Employee hereby agrees to make full payment within thirty (30) days of
the date of termination, reimburse Company 100% in full for all Relocation
Costs. Repayment terms are the same as set forth in Section 3.

 

5.     This Agreement is not intended to modify the at-will relationship between
Company and Employee, nor does it create an employment contract between Company
and Employee.

 

6.     If any section or provision of this Agreement is held by a court of
competent jurisdiction to be void or unenforceable for any reason, in whole or
in part, the remaining sections and provisions of this Agreement, or their
remaining portions, will nevertheless continue with full force and effect, and
Employee agrees that a court of competent jurisdiction will have jurisdiction to
reform such provision to the extent necessary to cause it be to enforceable to
the maximum extent permitted by law, and Employee agrees to be bound by such
reformation.

 

7.     The failure of Company to enforce any provision of this Agreement will
not be construed as a waiver of any such provision, nor prevent Company
thereafter from enforcing such provision or any other provision of this
Agreement.

 

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DEDUCTION AUTHORIZATION

 

To facilitate repayment of any money owed as a result of my relocation, (e.g.,
equity advances, taxes, etc.), Employee authorizes OfficeMax, Incorporated to
deduct any Relocation Costs paid to Employee in connection with their relocation
to Illinois for which Employee has not reimbursed the Company from any sums of
money for wages or other compensation otherwise due to Employee upon their
termination of employment.

 

Employee understands they will receive advance, written notice containing the
details of the outstanding relocation balances due and owing to the Company,
along with the repayment schedule for payroll deductions. If Employee chooses
they can write a check to the Company for the entire amount due, and no
deductions will appear on future paycheck(s).

 

 

ACKNOWLEDGED AND AGREED

 

 

/s/ Ryan Vero

 

/s/ Ryan Vero

Employee Print Name

 

Employee Signature

 

 

 

6/12/06

 

 

Date

 

Cendant File Number

 

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