Amendment to Employment Agreement - Mavis



 Exhibit 10.50 
  
 AMENDMENT 
 TO THE 
 EMPLOYMENT AGREEMENT FOR TODD MAVIS 
  
 This Amendment (the “Amendment”) is made to the Employment Agreement (the “Agreement”) by and among
Danka Office Imaging Company, Danka Business Systems PLC, Danka Holding Company (collectively the “Company”) and Todd Mavis (“Executive”) dated July 26, 2001 
  
 WHEREAS, the Company and Executive entered into the Agreement; and 
  
 WHEREAS, the Company and Executive desire to adopt this Amendment to modify
the Agreement; 
  
 NOW, THEREFORE, the Company and Executive
hereby agree as follows: 
  
 I. 
  
 Section 2 shall be stricken from the Agreement and replaced in its entirety
with the following: 
  
 2. CAPACITY AND DUTIES. Executive shall be employed
in the capacity of Chief Executive Officer (“CEO”) of the Company and shall direct and oversee the management and operations of the Company. Executive shall report directly to the Danka Business Systems PLC Board of Directors (the
“Board”) as a whole. Executive shall be appointed as a Director of the Board and the Board and the Company shall use their best efforts to cause Executive to be re-elected as a Director of the Board during the remainder of the Term.

  
 II. 
  
 Section 5(a) shall be stricken from the Agreement and replaced in its
entirety with the following: 
  
 (a). SALARY. Beginning on
April 1, 2004 and continuing during the Term, the Company will pay Executive a base salary at a rate of $500,000.00 per annum (the “Annual Base Salary”), payable in a manner consistent with the Company’s payroll procedures for U.S.
salaried employees. The Human Resources Committee of the Board (the “H.R. Committee”) shall review Executive’s annual base salary at least annually and may increase, but not decrease, the annual base salary. 
  









 III. 
  
 The fourth sentence of Section 5(a) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 Upon the Company’s achievement of One Hundred Percent (100%) of the
budgeted targeted levels of the Performance Bonus Plan, the Company shall pay Executive a bonus equal to Sixty Seven Percent (67%) of Executive’s annual base salary. 
  
 IV. 
  
 At the earliest permissible opportunity, Executive shall receive from the Company a registered stock option grant in the amount of 300,000 American
Depository Shares (“ADSs”) representing ordinary shares of Danka Business Systems PLC. One Hundred Fifty Thousand (150,000) of these shares shall vest in one-third increments over the next three years. One Hundred Fifty Thousand (150,000)
of these options shall vest in their entirety five years from the date of this Amendment; however, Executive shall receive accelerated vesting of such options upon the determination by the H.R. Committee that the Company has achieved One Hundred
Percent (100%) of its budgeted target level of operating profit or such other metric as reasonably established by the H.R. Committee for the Company’s Fiscal Year 2005. 
  
 V. 
  
 The changes made in this Amendment to the Agreement shall become effective as of April 1, 2004. Until such date, the Agreement will continue to apply in
accordance with its terms. 
  
 VI. 
  
 This Amendment may be executed in counterparts, each of which shall be deemed
to be an original but all of which together shall constitute one and the same Amendment. 
  









 IN WITNESS WHEREOF, the Company and Executive have executed this Amendment to Executive’s Employment
Agreement this 15 day of March, 2004. 
  

			
	 DANKA BUSINESS SYSTEMS PLC

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel



  

			
	 DANKA HOLDING COMPANY

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel



  

			
	 DANKA OFFICE IMAGING COMPANY

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel



  

			
	EXECUTIVE
	
	 /s/ TODD MAVIS

	

	 TODD MAVIS