exv10w12






Exhibit 10.12




First Amended and Restated Employment Agreement




     This First Amended and Restated Employment Agreement (the “Agreement”) is made as of January
1, 2009, between COMSYS IT Partners, Inc., a Delaware corporation (the “Company”), and Ken R.
Bramlett, Jr. (the “Executive”).




	1.	 	BACKGROUND






	1.1	 	The Executive is a party to that certain employment agreement with the Company dated January
3, 2006, and currently holds a senior executive position with the Company. As a result, the
Executive has significant responsibility for the Company’s management, profitability and
growth. Likewise, the Executive possesses an intimate knowledge of the Company’s business and
affairs, including its policies, plans, methods, personnel, opportunities, and challenges.
	 
	1.2	 	The Company’s Board of Directors (the “Board”), acting through the Compensation Committee,
considers the continued employment of the Executive to be in the best interests of the Company
and its shareholders. The Compensation Committee desires to structure the Executive’s
compensation to encourage the Executive to remain in service to the Company. This Agreement is
intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), to the extent applicable, and to otherwise meet current needs. It is the intent of
the Company that amounts that constitute deferred compensation under this Agreement shall not
be taxable to the Executive for income tax purposes until the time actually received by the
Executive.
	 
	2.	 	DEFINITIONS. For purposes of this Agreement, the following terms have the meanings set forth
below. Other defined terms have the meanings set forth in the provisions of this Agreement in
which they are used.
	 
	2.1	 	Base Salary is defined in Section 4.1.
	 
	2.2	 	Beneficial Owner is defined in Rule 13d-3 of the Exchange Act.
	 
	2.3	 	Benefit means any Company- provided or -sponsored pension plan, 401k plan, insurance plan, or
other employee benefit plan, program or arrangement, made available to the Company’s employees
generally.
	 
	2.4	 	Bonus Potential means the bonus amount that would be earned by the Executive under the
Company Bonus Plan if the Company’s EBITDA is 100% of the targeted EBITDA for the applicable
period as set forth on Exhibit B. The Executive’s standard Bonus Potential is set forth on
Exhibit A, Schedule 1, but the actual Bonus Potential in any year may be adjusted up or down
with the Executive’s prior written consent.
	 
	2.5	 	Bonus Potential Earned means the amount of the Executive’s Bonus Potential that was earned
during the bonus period in question. The amount earned will be equal to the percentage of
Bonus Potential during the bonus period that corresponds to actual performance during that
period, multiplied by the Executive’s Bonus Potential. The amount earned will be prorated for
any bonus period the Executive was not employed by




 









 






	 	 	the Company for the entire bonus period based on the
portion of the bonus period the Executive was employed by
the Company. Any such prorated bonus will be determined at
the same time and in the same manner that bonuses are
determined for other participants in the Company Bonus Plan
upon completion of such bonus period and payments will be
made at the time specified in Exhibit B. In no event will
any portion of the Bonus Potential be deemed to have been
earned by the Executive if the Executive resigns other than
for Good Reason or if the Employment is terminated for
Cause.
	 
	2.6	 	Cause: As used in this Agreement:






	 	(a)	 	The terms “Cause,” “for cause” or “with cause” (in upper or lower case) mean
only one or more of the following except as excluded by subparagraph (b): (1) the
Executive’s conviction of a felony; (2) the Executive’s willful, material and
irreparable breach of this Agreement (other than for reason of illness or disability)
or any other agreement or contract between the Executive and the Company or any of its
subsidiaries; (3) the Executive’s gross negligence in the performance of, or
intentional nonperformance of or inattention to, the Executive’s material duties and
responsibilities hereunder, continuing for thirty (30) days after receipt of written
notice of need to cure the same; or (4) the Executive’s willful dishonesty or financial
dishonesty, moral turpitude, fraud, theft or material misconduct with respect to the
business or affairs of the Company or any of its subsidiaries.
	 
	 	(b)	 	The terms “Cause,” “for cause,” and “with cause” (in upper or lower case) shall
not include any of the following: (1) bad judgment; (2) negligence other than gross
negligence; (3) any act or omission that was based upon (i) authority given pursuant to
a resolution duly adopted by the Board, (ii) instructions of the Board or any committee
thereof or the chief executive officer of the Company or (iii) the advice of counsel
for the Company; or (4) any act or omission that the Executive believed in good faith
to have been in the interest of the Company, without intent of the Executive to gain
therefrom, directly or indirectly, a personal profit to which he was not legally
entitled.






	2.7	 	Change of Control is defined in Section 10.2.
	 
	2.8	 	COBRA means the Consolidated Omnibus Budget Reconciliation Act, as the same may be amended
from time to time, or any successor statute, together with any applicable regulations in
effect at the time in question.
	 
	2.9	 	Company Bonus Plan refers to the plan that provides for incentive-based annual corporate
bonuses for all Senior Executives, or such other bonus plan as the Company may from time to
time adopt for its Senior Executives in its sole discretion, for providing such
incentive-based annual bonuses. The Company Bonus Plan shall establish the bonus criteria for
the Company and/or the Executive required for specified bonus payment percentages to be
earned. Any such employee-performance criteria which the Company makes applicable to the
Executive shall be consistent with the Executive’s Position. The Executive’s Bonus Plan is
attached as Exhibit B.




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	2.10	 	Company Group means COMSYS IT Partners, Inc. and its subsidiaries.
	 
	2.11	 	Company Business is intentionally defined broadly in view of the Executive’s senior position
with the Company; it means (1) any business engaged in by the Company Group during the
Executive’s Employment, or (2) any other business as to which the Company Group has made
demonstrable preparation to engage in during such Employment and (i) in which preparation the
Executive materially participated, or (ii) concerning which preparation the Executive had
access to Confidential Information.
	 
	2.12	 	Confidential Information means information of any Company Business that the Executive learns
in the course of the Employment, including but not limited to the information described in
Section 8.1, other than information which the Executive can show: (i) was in the Executive’s
possession or within the Executive’s knowledge before the Employment; or (ii) is or becomes
generally known to persons who could take economic advantage of it, other than officers,
directors, and employees of the Company, without breach of an obligation to the Company; or
(iii) the Executive obtained from a party having the right to disclose it without violation of
an obligation to the Company; or (iv) is required to be disclosed pursuant to legal process
(e.g., a subpoena), provided that the Executive notifies the Company immediately upon
receiving or becoming aware of the legal process in question.
	 
	2.13	 	Day, in upper or lower case, means a calendar day except as otherwise stated.
	 
	2.14	 	Effective Date is defined in Section 5.1.
	 
	2.15	 	Employment means the Executive’s employment with the Company.
	 
	2.16	 	Exchange Act means the Securities Exchange Act of 1934, as amended.
	 
	2.17	 	Good Reason means the occurrence of any one or more of the following events without the
Executive’s express prior written consent (see also the notice-and-cure provision in the
definition of Resignation for Good Reason):






	 	(a)	 	(1) removal by the Board of the Executive from the Position; (2) a material
diminution in the Executive’s Position, duties, or responsibility from that held by the
Executive immediately prior to such change; or (3) the assignment by the Company to the
Executive of duties that are materially inconsistent with the Executive’s Position;
	 
	 	(b)	 	the Company’s requiring the Executive to be permanently based (meaning
requiring the Executive to perform a majority of his duties for a period of more than
30 days) anywhere other than within 50 miles of the Executive’s job location at the
time that the directive for such relocation is made by the Company;
	 
	 	(c)	 	any Reduction in the Executive’s Base Salary, Bonus Potential, or other
compensation (including without limitation any Reduction of any non-contingent bonus or
incentive compensation for which the Executive is eligible);




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	 	(d)	 	failure to provide the Executive with any Benefit for which the Executive is
eligible under the Benefit plan’s requirements (and, if such Benefit in question is
optional, which the Executive has elected to receive);
	 
	 	(e)	 	any failure of the Company to fulfill its material obligations under this
Agreement or under any stock or stock option agreement, change of control agreement,
bonus, benefit or incentive plan or other agreement between the Executive and the
Company (the Company’s failure to fulfill obligations addressed in subsections (a)
through (d) shall be governed by those subsections and not subsection (e));
	 
	 	(f)	 	failure of the Company to provide or maintain a Company Bonus Plan whereby the
Executive may earn a bonus as set forth in Section 4.2; or
	 
	 	(g)	 	any purported termination by the Company of the Employment other than as
expressly permitted by this Agreement.






	2.18	 	Group is defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended.
	 
	2.19	 	Merger Transaction means a merger, consolidation or reorganization of the Company with or
into any other Person or Group, other than the Permitted Holders.
	 
	2.20	 	On-Target Performance means the point at which the requirements under the Company Bonus Plan
necessary for a full payout of the Bonus Potential have been achieved.
	 
	2.21	 	Permitted Holders means Wachovia Investors, Inc. and its affiliates.
	 
	2.22	 	Person is defined in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended.
	 
	2.23	 	Position means the area of responsibility so identified on Exhibit A, Schedule 1. If the
Company in its sole discretion increases the Executive’s area of responsibility, then such
increased area of responsibility shall be deemed the Position for all purposes hereunder.
	 
	2.24	 	Reduction, as applied to any aspect of the Executive’s compensation or benefits, means any
exclusion, discontinuance without comparable replacement, diminution, or reduction in the same
as in effect immediately prior to such exclusion, discontinuance, diminution, or reduction.
	 
	2.25	 	Resign for Good Reason or Resignation for Good Reason means that all of the following occur:






	 	(a)	 	the Executive notifies the Company in writing, in accordance with the notice
provisions of this Agreement, of the occurrence of one or more events constituting Good
Reason hereunder;




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	 	(b)	 	the Company fails to revoke, rescind, cancel, or cure the event (or if more
than one, all such events) that was the subject of the notification under subparagraph
(a) within thirty (30) days after such notice; and
	 
	 	(c)	 	within ten (10) business days after the end of the thirty-day period described
in subparagraph (b), the Executive delivers to the Company a notice of resignation in
accordance with this Agreement.






	2.26	 	Sale Transaction means a sale, lease, exchange or other transfer of all or substantially all
the assets of the Company and its consolidated subsidiaries to any other Person or Group,
other than the Permitted Holders.
	 
	2.27	 	Schedule 1 means Schedule 1 set forth at the end of this Agreement in Exhibit A.
	 
	2.28	 	Senior Executives means those officers of the Company who are designated executive officers
from time to time.
	 
	2.29	 	Severance Benefits means the post-employment compensation and benefits to be provided to the
Executive by the Company as set forth in Section 6.
	 
	2.30	 	Severance Payment is defined in Section 6.1.
	 
	2.31	 	Special Severance Benefits is defined in Section 10.1.
	 
	2.32	 	Special Severance Payment is defined in Section 10.1.
	 
	2.33	 	Termination Date means the effective date of the Executive’s termination of Employment with
the Company Group. For purposes of this Agreement, whether a termination of Employment has
occurred shall be determined consistent with the requirements of Section 409A of the Code and
the Company’s administrative policies, including, when applicable, the COMSYS 409A Policy.
	 
	2.34	 	Tribunal means a court or other body of competent jurisdiction that is deciding a matter
relating to this Agreement.
	 
	2.35	 	Voting Stock means shares of capital stock of the Company the holders of which are entitled
to vote for the election of directors, but excluding shares entitled to so vote only upon the
occurrence of a contingency unless that contingency shall have occurred.
	 
	3.	 	EMPLOYMENT
	 
	3.1	 	Position. Subject to the terms and conditions hereinafter set forth, the Company hereby
agrees to employ the Executive, and the Executive hereby agrees to serve the Company, at the
office and in the Position referred to on Exhibit A, Schedule 1.






	 	(a)	 	The Executive will (i) devote his full time, attention, and energies to the
business of the Company and will diligently and to the best of his ability perform all
duties incident to his Employment hereunder; (ii) use his best efforts to promote the




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	 	 	 	interests and goodwill of the Company; and (iii) perform such other duties
commensurate with the Position as the Board may from time-to-time assign to the
Executive.
	 
	 	(b)	 	The Executive shall obtain the written consent of the Board prior to serving on
corporate, civic or charitable boards or committees. This Section 3.1 shall not be
construed as preventing the Executive from serving on the corporate, civic or
charitable boards or committees on which he currently serves, as listed on Exhibit C;
provided that in no event shall any such service or business activity require the
provision of substantial services by the Executive to the operations or the affairs of
such businesses or enterprises such that the provision thereof would interfere in any
respect with the performance of the Executive’s duties hereunder.






	3.2	 	Office Space, Equipment, etc. The Company shall provide the Executive with office space,
related facilities, equipment, and support personnel that are commensurate with the Position.
	 
	3.3	 	Expense Reimbursement.






	 	(a)	 	The Company will timely reimburse the Executive for reasonable business
expenses incurred by the Executive in connection with the Employment in accordance with
the Company’s then-current policies no later than seventy-five (75) days following the
date on which the Executive incurs such expense(s).
	 
	 	(b)	 	Without limiting Section 2.17(b) (Good Reason includes relocation without
consent), or this Section 3.3, if the Company determines that the Executive shall be
relocated, then the Company shall, in connection with such relocation, pay or reimburse
the Executive for all reasonable moving expenses incurred by the Executive, in
accordance with the Company’s then-current policies, no later than seventy-five (75)
days following the date on which the Executive incurs such expense(s).






	4.	 	COMPENSATION AND BENEFITS DURING EMPLOYMENT. During the Employment, the Company shall
provide compensation and benefits to the Executive as follows.
	 
	4.1	 	Base Salary. The Company shall pay the Executive a base salary at a rate (before deductions,
e.g., for employee-paid insurance premiums; deferrals, e.g., for flex-plan contributions; and
withholding) not less than the Base Salary rate set forth in Exhibit A, Schedule 1. If the
Company in its sole discretion increases the Executive’s base salary, then such increased
salary shall be deemed the Base Salary for all purposes hereunder. All salary payments shall
be made in accordance with the normal payroll practices of the Company but in no less than
equal semi-monthly installments, less withholding or deductions required by law or agreed to
by the Executive.
	 
	4.2	 	Annual Bonus. In addition to the Base Salary, the Executive will participate in the
Company’s Bonus Plan. Executive will be paid his Bonus Potential Earned pursuant to




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	 	 	the terms of the Company Bonus Plan. A copy of Executive’s Bonus Plan is attached as
Exhibit B.
	 
	4.3	 	Benefits. The Executive shall, upon satisfaction of legal or applicable third-party provider
eligibility requirements with respect thereto, be entitled to participate in all Benefits now
or hereafter in effect or that are hereafter made available to the Company’s employees
generally. The previous sentence shall not be construed as limiting the Company’s right, in
its sole discretion, to add to, reduce, modify, or eliminate any such Benefit. In addition,
the Company shall maintain for the Executive any specific benefits set forth on Exhibit A,
Schedule 1.
	 
	4.4	 	Vacation; Holidays; Sick Leave. During the Employment, the Executive shall be entitled to
sick leave, holidays, and an annual vacation (included within the Company’s Paid Time Off
Policy (“PTO”)), all in accordance with the regular policy of the Company for its Senior
Executives (but in no event less than the minimum annual vacation set forth on Exhibit A,
Schedule 1), during which time his compensation and benefits shall be paid or provided in
full.
	 
	4.5	 	Annual Compensation Review. At least annually during the Employment, the Company shall
review with the Executive the Base Salary, the Bonus Potential, and all other forms of
compensation, which the Executive is then receiving (or, in the case of contingent
compensation, for which the Executive is a participant in the applicable plan). The Base
Salary and Bonus Potential may be increased (but not decreased) from time to time as
determined by the Company’s Board or the Compensation Committee thereof. Any increase in Base
Salary shall not limit or reduce any other obligation of the Company to the Executive under
this Agreement. The Base Salary and Bonus Potential may not be decreased without the
Executive’s express prior written consent.
	 
	4.6	 	Equity. Additional awards of securities under the COMSYS IT Partners, Inc. Amended and
Restated 2004 Stock Incentive Plan (or any successor equity incentive plans) competitive with
industry standards for executives in like positions shall be made subject to the discretion of
the Compensation Committee of the Board.
	 
	5.	 	TERMINATION OF EMPLOYMENT
	 
	5.1	 	Term of Agreement. The term of the Employment shall commence on the date hereof (the
“Effective Date”) and continue to December 31, 2009 (the “Original Term”) and renew
automatically for successive one-year terms (each, a “Renewal Term”) unless notice of
non-renewal is given by either party to the other party at least six months prior to the end
of the Original Term or any Renewal Term (the “Expiration Date”); provided that the Employment
may also be terminated prior to such Expiration Date (i) by the Executive for any reason,
including Good Reason, (ii) by the Company with Cause, (iii) by the Company without Cause or
(iv) by the Company upon the Disability or death of the Executive. In the event that (i) the
Company does not renew the Agreement at the end of the Original Term or any Renewal Term, (ii)
the Company terminates Employment prior to the Expiration Date without Cause, (iii) the
Executive terminates Employment prior to the Expiration Date for Good Reason, or (iv) the
death or Disability




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		 	of the Executive, the Executive shall be entitled to receive Severance Benefits pursuant to
Section 6 of this Agreement.
	 
	5.2	 	Termination in the Event of Disability. In the event of the incapacity of the Executive, by
reason of mental or physical disability to perform his material duties hereunder, for a period
of 120 consecutive days or 180 non-consecutive days during any twelve (12) month period, as
reasonably determined by the Board or as certified by a qualified physician selected by the
Board (collectively, “Disability”), the Company may terminate the Executive’s Employment
effective upon written notice to the Executive. Prior to the termination of Executive’s
Employment pursuant to this Section 5.2, during any period that the Executive fails to perform
his full-time duties with the Company as a result of incapacity due to physical or mental
illness, he shall continue to receive his Base Salary, Bonus and other benefits provided
hereunder, less the amount of any disability benefits received by the Executive during such
period under any disability plan or program sponsored by the Company.
	 
	5.3	 	Notice of Resignation; Waiver of Notice Period. If the Executive resigns from the Company,
the Executive will give the Company at least four (4) weeks’ prior notice of resignation. The
Company may in its discretion waive any notice period stated in the Executive’s notice of
resignation, in which case the Termination Date of the Employment will be the date of such
waiver.
	 
	5.4	 	No Termination of Agreement Per Se. Termination of the Employment will not terminate this
Agreement per se; to the extent that either party has any right under applicable law to
terminate this Agreement, any such termination of this Agreement shall be deemed solely to be
a termination of the Employment without affecting any other right or obligation hereunder
except as provided herein in connection with termination of the Employment.
	 
	5.5	 	Transition of Email, Correspondence, etc. If the Employment is terminated by either the
Executive or the Company, the Company will provide reasonable cooperation in (i) permitting
the Executive to copy or remove the Executive’s personal files (not including Company
Confidential Information) from the Executive’s computer and office, and (ii) arranging for any
personal emails or phone messages to be forwarded to the Executive for a reasonable period of
time after such termination (not to exceed sixty (60) days).
	 
	5.6	 	Payments Following Termination.






	 	(a)	 	If the Employment is terminated for any reason, either by the Company or by the
Executive’s resignation, then the Company shall pay the Executive the following amounts
as part of the Company’s next regular payroll cycle but in no event later than thirty
(30) days after the Termination Date, to the extent that the same have not already been
paid;






	 	(i)	 	any and all salary and vacation pay earned through the
Termination Date; and
	 
	 	(ii)	 	any reimbursable expenses properly reported by the Executive.




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	 	(b)	 	Unless the Executive resigns without Good Reason or the Employment is
terminated for Cause, then the Company shall pay any applicable prorated Bonus
Potential Earned for the bonus period in which such termination occurs at the time
specified in Exhibit B.






	6.	 	SEVERANCE BENEFITS UPON CERTAIN TERMINATIONS
	 
	6.1	 	Severance Payment. If (1) the Company does not renew the Agreement at the end of the
Original Term or any Renewal Term, (2) the Employment is terminated by the Company other than
for Cause, (3) the Executive resigns for Good Reason, (4) the Executive is terminated due to a
Disability pursuant to Section 5.2 of this Agreement or (5) the Executive dies, then:






	 	(a)	 	the Company shall pay to the Executive, if living, an amount equal to one and a
half (1.5) times the highest Base Salary in effect (i) during the 12 months immediately
prior to the Termination Date or (ii) during the Employment, if the Employment has
lasted less than 12 months;
	 
	 	(b)	 	in addition to the severance provided in Section 6.1(a), the Executive shall
also receive one (1.0) times (1) the average Bonus Potential Earned by the Executive
for the two (2) years ending prior to the Termination Date (the payments provided in
subsections (a) and (b) are collectively referred to as the “Severance Payment”);
	 
	 	(c)	 	if the Employment is terminated (i) by the Company in the event of Executive’s
Disability, (ii) upon the Executive’s death, or (iii) upon a Change of Control, the
Severance Payment shall be paid in cash or immediately-available funds, in a lump sum
within 10 business days following the Termination Date; provided, however, if
the Employment is terminated by the Company in the event of Executive’s Disability, any
Severance Payment owed to the Executive under this Section 6.1 shall be offset by any
amount paid to the Executive pursuant to any disability insurance policy for which the
Company has paid the premiums;
	 
	 	(d)	 	if the Employment is terminated (i) by the Company without Cause (including
non-renewal of the Agreement at the end of the Original Term or any Renewal Term) or
(ii) by the Executive for Good Reason, the Executive shall be entitled to receive the
Severance Payment in twenty-four (24) equal monthly installments during the two-year
period following the Termination Date, commencing as soon as administratively
practicable, but no later than seventy-five (75) days, following the Termination Date;
	 
	 	(e)	 	if the Executive is not living, then the Severance Payment shall be paid to the
Executive’s heir(s), assign(s), successor(s)-in-interest, or legal representative(s),
in the same manner as specified in subparagraph (c); and
	 
	 	(f)	 	as a condition to making any Severance Payment, the Company will require the
Executive or his legal representative(s) to first execute a release in form and
substance satisfactory to the Company, which contains a full release of all claims




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	 	 	 	against the Company and certain other provisions, including but not limited to a
reaffirmation of the restrictive covenants in Sections 9.1 and 9.2.






	6.2	 	Continuation of Insurance and Related Benefits. If (1) the Company does not renew the
Agreement at the end of the Original Term or any Renewal Term, (2) the Employment is
terminated by the Company other than for Cause, (3) the Executive resigns for Good Reason, (4)
the Executive is terminated due to a Disability pursuant to Section 5.2 of this Agreement or
(5) the Executive dies, then:






	 	(a)	 	The Company shall, to the greatest extent permitted by applicable law and the
terms and conditions of the applicable insurance or benefit plan, maintain the
Executive (if living) and the Executive’s dependents as participants in the health,
dental and similar benefit plans offered to (and on the same terms as) other Senior
Executives until the 42-month anniversary of the Termination Date, and in the life,
accident, and disability insurance plans offered to (and on the same terms as) other
Senior Executives until the 24-month anniversary of the Termination Date.
	 
	 	(b)	 	To the extent that applicable law or the terms and conditions of the applicable
insurance or benefit plan do not permit the Company to comply with subparagraph (a),
the Company shall reimburse the Executive (if living) and the Executive’s dependents,
for all expenses incurred by any of them in maintaining the same levels of coverage
under COBRA, to the extent applicable, for the applicable COBRA continuation coverage
period, but solely to the extent that such expenses exceed the deduction or amount that
would have been required to be paid by the Executive for such coverage if the
Employment had not been terminated. Following the applicable COBRA continuation
coverage period, if any, the Company shall provide the Executive (if living) and the
Executive’s dependents with substantially similar levels of coverage under an
individual or group policy for the duration of the time period specified in
subparagraph (a).
	 
	 	(c)	 	If Employment is terminated by the Executive’s death, or if the Executive dies
before the expiration of the Company’s obligation under this Section 6.2, then the
Company shall, to the greatest extent permitted by applicable law and the terms and
conditions of the applicable insurance or benefit plan, continue to maintain coverage
for the Executive’s dependents under all insurance plans referred to in this Section
6.2 for which such dependents had coverage as of the date of the Executive’s death, at
the same coverage levels and for the same period of time as would have been required
had the Executive not died.






	6.3	 	D&O Insurance, and Indemnification. Through at least the sixth anniversary of the
Termination Date, the Company shall maintain coverage for the Executive as a named insured on
all directors’ and officers’ insurance maintained by the Company for the benefit of its
directors and officers on at least the same basis as all other covered individuals and provide
the Executive with at least the same corporate indemnification as it provides to other Senior
Executives. All such directors’ and officers’ insurance policies will provide prior acts
coverage from September 30, 2004.




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	6.4	 	No Other Severance Benefits. Other than as described above in Sections 6.1 and 6.2 and as
described below in Sections 10 and 11, the Executive shall not be entitled to any payment,
benefit, damages, award or compensation in connection with termination of the Employment, by
either the Company or the Executive, except as may be expressly provided in another
written agreement, if any, approved by the Board and executed by the Executive and by the
Chief Executive Officer. Neither the Executive nor the Company is obligated to enter into any
such other written agreement.
	 
	6.5	 	No Waiver of ERISA-Related Rights. Nothing in this Agreement shall be construed to be a
waiver by the Executive of any benefits accrued for or due to the Executive under any employee
benefit plan (as such term is defined in the Employee Retirement Income Security Act of 1974,
as amended) maintained by the Company, if any, except that the Executive shall not be entitled
to any severance benefits pursuant to any severance plan or program of the Company other than
as provided herein.
	 
	6.6	 	Mitigation Not Required. The Executive shall not be required to mitigate the amount of any
payment or benefit which is to be paid or provided by the Company pursuant to this Section 6.
Any remuneration received by the Executive from a third party following termination of the
Employment shall not apply to reduce the Company’s obligations to make payments or provide
benefits hereunder.
	 
	7.	 	TAX WITHHOLDING. Notwithstanding any other provision of this Agreement, the Company may
withhold from amounts payable under this Agreement, or under any other agreement between the
Executive and the Company, all federal, state, local and foreign taxes that are required to be
withheld by applicable laws or regulations.
	 
	8.	 	CONFIDENTIAL INFORMATION
	 
	8.1	 	Executive acknowledges that in the course of his employment by the Company, the Company has
provided him and will continue to provide him, prior to any termination hereof, with certain
Confidential Information and knowledge concerning the operations of the Company Group which
the Company desires to protect. This Confidential Information shall include, but is not
limited to:






	 	(a)	 	terms and conditions of and the identity of the parties to the Company Group’s
agreements with its clients and suppliers, including but not limited to price
information;
	 
	 	(b)	 	management systems, policies or procedures, including the contents of related
forms and manuals;
	 
	 	(c)	 	professional advice rendered or taken by the Company Group;
	 
	 	(d)	 	the Company Group’s own financial data, business and management information,
strategies and plans and internal practices and procedures, including but not limited
to internal financial records, statements and information, cost reports or other
financial information;




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	 	(e)	 	proprietary software, systems and technology-related methodologies of the
Company Group and their clients;
	 
	 	(f)	 	salary, bonus and other personnel information relating to the Company Group’s
personnel;
	 
	 	(g)	 	the Company Group’s business and management development plans, including but
not limited to proposed or actual plans regarding acquisitions (including the identity
of any acquisition contacts), divestitures, asset sales, and mergers;
	 
	 	(h)	 	decisions and deliberations of the Company Group’s committees or boards; and
	 
	 	(i)	 	litigation, disputes, or investigations to which the Company Group may be party
and legal advice provided to Executive on behalf of the Company Group in the course of
Executive’s employment.






	8.2	 	Executive understands that such information is confidential, and he agrees not to reveal such
information to anyone outside the Company so long as the confidential or secret nature of such
information shall continue. Executive further agrees that he will at no time use such
information in competing with all or any portion of the Company Group. At such time as
Executive shall cease to be employed by the Company, he will surrender to the Company all
papers, documents, writing and other property produced by him or coming into his possession by
or through his employment and relating to the information referred to in this paragraph, and
the Executive agrees that all such materials will at all times remain the property of the
Company.
	 
	9.	 	NONCOMPETITION AND NONSOLICITATION COVENANT
	 
	9.1	 	Noncompetition. In return for the consideration stated in this Agreement, including the
receipt of Confidential Information by Executive and the promise of the Company to provide the
Executive with Confidential Information, the Executive agrees that, during his Employment and
for two (2) years after the termination of Employment, Executive shall not directly or
indirectly possess an ownership interest in, manage, control, participate in, consult with, or
render services for any other person, firm, association or corporation, engaged in the
business of the Company without the prior written consent of the Company, in the United States
or any other geographic area where the Company is conducting business, because such activity
would unavoidably and unfairly compromise the Company’s legitimate, protectable business
interests in its Confidential Information, clients, employees, suppliers, and business
relationships.
	 
	9.2	 	Executive agrees that he shall not, either directly or indirectly, during Executive’s
Employment and for two (2) years after termination of Employment, in any capacity whatsoever
(either as an employee, officer, director, stockholder, proprietor, partner joint venturer,
consultant or otherwise) (a) solicit, contact, call upon, communicate with, or attempt to
communicate with any of the Company clients or potential clients for the purpose of providing
services to such client, or (b) sell any services to any client or potential client of the
Company.




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	9.3	 	Nonsolicitation. Executive agrees that he shall not directly or indirectly during
Executive’s Employment and for two (2) years after termination of Employment, through any
other entity, either alone or in conjunction with any other person or entity employ, solicit,
induce, or recruit, any person employed by the Company at any time within the one (1) year
period immediately preceding such employment, solicitation, inducement or recruitment.
	 
	9.4	 	For the purposes of this Agreement, “potential client” shall be defined as those entities for
which Executive has had access to Confidential Information during his Employment, and “client”
shall be defined as those entities with which the Company has conducted any business during
the twelve (12) month period prior to termination of the Employment. For the purposes of this
Agreement, “services” shall mean activities performed by the Company at any time within the
one (1) year period preceding termination of Executive’s Employment.
	 
	9.5	 	Executive agrees that it is his intention that any restriction contained in this section that
is determined to be unenforceable be modified by any court having jurisdiction to be
reasonable and enforceable, and, as modified, to be fully enforced.
	 
	9.6	 	The Company will not unreasonably withhold its consent under Section 9.1 to the Executive’s
employment after the Employment, by a corporation that competes with Company, but only if
before starting the new employment, the Executive provides the Company with a document in form
and substance reasonably satisfactory to the Company, signed by both the Executive and such
corporation, containing (i) a written description of the Executive’s duties in the new job,
and (ii) specific assurances that in the new job the Executive will neither use nor disclose
the Company’s Confidential Information.
	 
	9.7	 	Executive acknowledges and agrees that the restrictive covenants contained herein are
reasonable in time, territory and scope, and in all other respects. If a Tribunal determines
that any of the restrictions set forth in this Section 9 are unreasonably broad or otherwise
unenforceable under applicable law, then (i) such determination shall be binding only within
the geographical jurisdiction of the Tribunal, and (ii) the restriction will not be terminated
or rendered unenforceable, but instead will be reformed (solely for enforcement within the
geographic jurisdiction of the Tribunal) to the minimum extent required to render it
enforceable.
	 
	10.	 	CHANGE OF CONTROL
	 
	10.1	 	Special Severance Benefits.






	 	(a)	 	If, during the specific time periods listed in subparagraph (b), the Employment
is terminated by any of the specific events listed there, then the Executive will be
entitled to the following benefits (“Special Severance Benefits”):






	 	(1)	 	all benefits that would be provided under this Agreement in the
event of a termination of the Employment without Cause by the Company, with the




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	 	 	 	Severance Payment paid as provided in subparagraph (c) below, instead of as
provided in Section 6 of this Agreement; and
	 
	 	(2)	 	a special, additional severance payment (“Special Severance
Payment”) equal to one-half (.5) times the highest Base Salary in effect (i)
during the 12 months immediately prior to the Termination Date or (ii) during
the Employment, if the Employment has lasted less than 12 months.






	 	(b)	 	The specific termination events and time periods in which the Executive will be
entitled to the Special Severance Benefits are as follows:






	 	(1)	 	the Executive’s Employment is terminated by the Company, for
any reason other than Cause, at any time during the period beginning on the
Change of Control date and ending at 5 pm Houston time on the date two (2)
years after the Change of Control date; or
	 
	 	(2)	 	the Executive Resigns for Good Reason at any time during the
period beginning on the Change of Control date and ending at 5 pm Houston time
on the date two (2) years after the Change of Control date.






	 	(c)	 	The Special Severance Payment and the Severance Payment required by this
Agreement shall be made to the Executive, in cash or immediately-available funds, in a
lump sum within ten (10) business days following the Termination Date.
	 
	 	(d)	 	Payments pursuant to this Agreement shall not be deemed to constitute continued
employment beyond the Termination Date.
	 
	 	(e)	 	As a condition to providing the Executive with the Special Severance Benefits,
the Company will require the Executive to first execute a release.






	10.2	 	A Change of Control shall be deemed to have occurred if any of the following events occurs
after the Effective Date:






	 	(a)	 	The consummation of a Merger Transaction if (a) the Company is not the
surviving entity and (b) as a result of the Merger Transaction, 50 percent or less of
the combined voting power of the then-outstanding securities of the other party to the
Merger Transaction, immediately after the date of Change of Control, are held in the
aggregate by the holders of Voting Stock immediately prior to the date of Change of
Control.
	 
	 	(b)	 	The consummation of a Sale Transaction.
	 
	 	(c)	 	Any Person, other than the Permitted Holders, becomes the Beneficial Owner,
directly or indirectly, of more than 50 percent of the outstanding Voting Stock.
	 
	 	(d)	 	The stockholders of the Company approve the dissolution of the Company.




14









 






	 	(e)	 	During any period of twenty-four (24) consecutive months, the replacement of a
majority of the members of the Board who were members of the Board at the beginning of
such period, and such new members shall not have been (i) nominated or appointed to the
Board pursuant to the terms of an agreement with the Company, (ii) nominated for
election or selected as a director by a duly constituted nominating committee (or a
subcommittee thereof) of the Board or (iii) approved by a vote of at least a majority
of the members of the Board then still in office who either were members of the Board
at the beginning of such period or whose election as a member of the Board was so
previously approved.






	10.3	 	Simultaneously with the occurrence of a Change of Control, all vesting restrictions related
to equity awards previously made to the Executive under the Company’s Amended and Restated
2004 Stock Incentive Plan (or any prior or successor equity incentive plans) shall lapse, and
all such awards shall become fully vested without any requirement for further action on the
Executive’s part.
	 
	11.	 	CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY. Anything in this Agreement to the contrary
notwithstanding in the event it shall be determined that any payment or distribution by the
Company to or for the benefit of the Executive upon a Change of Control, whether paid or
payable or distributed or distributable pursuant to the terms of this Agreement or otherwise
(a “Payment”), would be subject to the excise tax imposed by Section 4999 of the Code or any
interest or penalties with respect to such excise tax (such excise tax, together with any such
interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then
the Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an
amount such that after payment by the Executive of all taxes (including any interest or
penalties imposed with respect to such taxes), including any Excise Tax imposed upon the
Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise
Tax imposed upon the Payments. The Gross-Up Payment shall be paid to the Executive no later
than the end of the Executive’s taxable year next following the Executive’s taxable year in
which the Executive remits the tax payment to the appropriate taxing authority. Subject to the
provisions of this Section, all determinations required to be made hereunder, including
whether a Gross-Up Payment is required and the amount of such Gross-Up Payment, shall be made
by the Accounting Firm (at the sole expense of the Company), which shall provide detailed
supporting calculations both to the Company and the Executive within 15 business days of the
date of termination of the Executive’s employment under this Agreement, if applicable, or such
earlier time as is requested by the Company. If the Accounting Firm determines that no Excise
Tax is payable by the Executive, the Accounting Firm shall furnish the Executive with an
opinion that he has substantial authority not to report any Excise Tax on his federal income
tax return. Any determination by the Accounting Firm shall be binding upon the Company and
the Executive. As a result of the uncertainty in the application of Section 4999 of the Code,
it is possible that Gross-Up Payments may be miscalculated and may not cover the full amount
of Excise Taxes due (an “Underpayment”) consistent with the calculations required to be made
hereunder. If the Company exhausts its remedies pursuant hereto and the Executive thereafter
is required to make a payment of any Excise Tax, the Accounting Firm shall determine the
amount of the Underpayment that has occurred and




15









 






	 	 	any such Underpayment shall be promptly paid by the Company to or for the benefit of the
Executive.
	 
	12.	 	COMPLIANCE WITH SECTION 409A OF THE INTERNAL REVENUE CODE. To the extent applicable, it is
intended that this Agreement comply with the provisions of Section 409A of the Code
(hereinafter referred to as “Section 409A”). This Agreement shall be administered in a manner
consistent with this intent, and any provision that would cause the Agreement to fail to
satisfy Section 409A shall have no force and effect until amended to comply with Section 409A.
Notwithstanding any provision of this Agreement to the contrary, in the event any payment or
benefit hereunder is determined to constitute nonqualified deferred compensation subject to
Section 409A, then to the extent necessary to comply with Section 409A, such payment or
benefit shall not be made, provided or commenced until six months after Executive’s
Termination Date. Lump sum payments will be made, without interest, as soon as
administratively practicable following the six-month delay. Any installments otherwise due
during the six-month delay will be paid in a lump sum, without interest, as soon as
administratively practicable following the six-month delay, and the remaining installments
will be paid in accordance with the original schedule. For purposes of Section 409A, the right
to a series of installment payments shall be treated as a right to a series of separate
payments. Each separate payment in the series of separate payments shall be analyzed
separately for purposes of determining whether such payment is subject to, or exempt from
compliance with, the requirements of Section 409A.
	 
	13.	 	EMPLOYEE HANDBOOKS, ETC. From time to time, the Company may, in its discretion, establish,
maintain and distribute employee manuals or handbooks or personnel policy manuals, and
officers or other representatives of the Company may make written or oral statements relating
to personnel policies and procedures. The Executive will adhere to and follow all rules,
regulations, and policies of the Company set forth in such manuals, handbooks, or statements
as they now exist or may later be amended or modified. Such manuals, handbooks and statements
do not constitute a part of this Agreement nor a separate contract, and shall not be deemed as
amending this Agreement or as creating any binding obligation on the part of the Company, but
are intended only for general guidance.
	 
	14.	 	OTHER PROVISIONS
	 
	14.1	 	This Agreement shall inure to the benefit of and be binding upon (i) the Company and its
successors and assigns and (ii) the Executive and the Executive’s heirs and legal
representatives, except that the Executive’s duties and responsibilities under this Agreement
are of a personal nature and will not be assignable or delegable in whole or in part without
the Company’s prior written consent.
	 
	14.2	 	All notices and statements with respect to this Agreement must be in writing and shall be
delivered by certified mail return receipt requested; hand delivery with written
acknowledgment of receipt; or overnight courier with delivery-tracking capability. Notices to
the Company shall be addressed to the Company’s chief executive officer or chief financial or
accounting officer at the Company’s then-current headquarters offices.




16









 






	 	 	Notices to the Executive may be delivered to the Executive in person or to the Executive’s
then-current home address as indicated on the Executive’s pay stubs or, if no address is so
indicated, as set forth in the Company’s payroll records. A party may change its address
for notice by the giving of notice thereof in the manner hereinabove provided.
	 
	14.3	 	If the Executive Resigns for Good Reason because of (i) the Company’s failure to pay the
Executive on a timely basis the amounts to which he is entitled under this Agreement or (ii)
any other breach of this Agreement by the Company, then the Company shall pay all amounts and
damages to which the Executive may be entitled as a result of such failure or breach,
including interest thereon at the maximum non-usurious rate and all reasonable legal fees and
expenses and other costs incurred by the Executive to enforce the Executive’s rights hereunder
and the Executive will be relieved of all obligations under Section 9 (noncompetition).
	 
	14.4	 	This Agreement sets forth the entire present agreement of the parties concerning the subjects
covered herein except for any equity incentive award agreements between the Company and the
Executive. There are no promises, understandings, representations, or warranties of any kind
concerning those subjects except as expressly set forth herein or therein.
	 
	14.5	 	Any modification of this Agreement must be in writing and signed upon the express consent of
all parties. Any attempt to modify this Agreement, orally or in writing, not executed by all
parties will be void.
	 
	14.6	 	If any provision of this Agreement, or its application to anyone or under any circumstances,
is adjudicated to be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability will not affect any other provision or application of this Agreement which
can be given effect without the invalid or unenforceable provision or application and will not
invalidate or render unenforceable such provision or application in any other jurisdiction.
	 
	14.7	 	This Agreement will be governed and interpreted under the laws of the State of Texas.
	 
	14.8	 	No failure on the part of any party to enforce any provisions of this Agreement will act as a
waiver of the right to enforce that provision.
	 
	14.9	 	Termination of the Employment, with or without Cause, will not affect the continued
enforceability of this Agreement.
	 
	14.10	 	Section headings are for convenience only and shall not define or limit the provisions of
this Agreement.
	 
	14.11	 	This Agreement may be executed in several counterparts, each of which is an original. It
shall not be necessary in making proof of this Agreement or any counterpart hereof to produce
or account for any of the other counterparts. A copy of this Agreement manually signed by one
party and transmitted to the other party by FAX or in image form via email




17









 






	 	 	shall be deemed to have been executed and delivered by the signing party as though an
original. A photocopy of this Agreement shall be effective as an original for all purposes.




By signing this Agreement, the Executive acknowledges that the Executive (1) has read and
understood the entire Agreement; (2) has received a copy of it; (3) has had the opportunity to ask
questions and consult counsel or other advisors about its terms; and (4) agrees to be bound by it.



Executed and effective as of the Effective Date.




	 	 	 	 	 	 	 
	COMSYS IT Partners, Inc.,	 	 	 	EXECUTIVE
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	Larry L. Enterline
	 	 	 	Ken R. Bramlett, Jr.
	Title:

	 	Chief Executive Officer	 	 	 	 






18









 





Exhibit A



Schedule 1



	 	 	 
	Office

	 	Charlotte, North Carolina
	 
	 	 
	Position

	 	Senior Vice President, General Counsel and Secretary
	 
	 	 
	Base Salary

	 	$276,723 per year
	 
	 	 
	Standard Bonus Potential

	 	50% of base salary
	 
	 	 
	Minimum PTO

	 	29 business days (which includes 7 paid holidays
designated by COMSYS) 
	 
	 	 
	Specific benefits

	 	$1,000 per month car allowance and reimbursement of
club dues consistent with policy for similarly
situated employees







 









 








Exhibit B



Annual Bonus Plan for Ken R. Bramlett, Jr.


Except as otherwise approved in any year, Executive is eligible to receive an annual incentive
bonus equal to 50% of Base Salary if 100% of the Company EBITDA Plan (as defined below) is achieved
as set forth in this document (the “Bonus Potential”). No incentive will be provided unless a
minimum of 90% of the EBITDA Plan is achieved. The incentive bonus potential increases if the
EBITDA Plan is overachieved, according to the following schedule:




	 	 	 
	90% of EBITDA Plan achieved

	 	50% of Bonus Potential
	95% of EBITDA Plan achieved

	 	75% of Bonus Potential
	100% of EBITDA Plan achieved

	 	100% of Bonus Potential
	105% of EBITDA Plan achieved

	 	150% of Bonus Potential
	110% of EBITDA Plan achieved

	 	200% of Bonus Potential





No additional Bonus Potential will be earned for any EBITDA above 110% of EBITDA Plan.



The 2009 EBITDA Plan amount shall be as determined by the Board.



The bonus payable hereunder will be prorated between targeted achievement levels.



Annual incentive bonuses will be paid by March 15 of the calendar year following the year in which
the bonus is earned.





 









 








Exhibit C




Corporate, Civic, and Charitable Board Positions Held by Executive




Board Member, World Acceptance Corporation

Board Member, Raptor Networks Technology, Inc.

Executive Committee, Charlotte Wine & Food Weekend