Document:

SEVERANCE AGREEMENT

         This  Severance  Agreement (the  "Agreement"),  dated as of December 2,
1996, is entered into by and between PLM Financial  Services,  Inc. ("PLM",  the
"Employer" or the "Company") and Stephen M. Bess ("Employee"),  who hereby state
as follows:

         WHEREAS,  Employee  presently  holds the  position of  President at PLM
Investment Management, Inc., a wholly-owned subsidiary of PLM;

         WHEREAS,  PLM deems it to be in the best  interest  of the  Company  to
provide  incentives to keep Employee fully  dedicated to Employee's  position at
PLM; and

         WHEREAS,  PLM and Employee believe the best way of assuring  Employee's
continued  dedication to the Company is to provide  Employee certain benefits in
the event his/her  employment is terminated by the Company,  which  benefits are
greater  than he/she would  otherwise be entitled to,  pursuant to the terms and
conditions described herein.

         NOW,  THEREFORE,  IN  CONSIDERATION  OF THE PROVISIONS  HEREINABOVE AND
HEREINAFTER SET FORTH, PLM AND EMPLOYEE DO HEREBY AGREE AS FOLLOWS:

         1. The Company will pay to Employee Severance Pay (as defined below) if
the following conditions are met:

          (A) Employee is terminated  from  employment  with the Company for any
          reason other than the reasons set forth in Section 3 below, and

          (B) Employee  enters into a Release (the "Release")  substantially  in
          the  form  attached   hereto  as  Exhibit  A,  with  all  blank  lines
          appropriately completed.

         2. Severance Pay and Other Post Employment Benefits.

         2.1  "Severance  Pay" shall be defined as  twenty-four  (24)  months of
Employee's  base salary at his/her current rate per month at the time of his/her
termination,  less customary payroll  deductions.  Severance Pay will be paid to
Employee or Employee's heirs, successors, or permitted assigns on a semi-monthly
basis, pursuant to the Company's normal payroll schedule, with the first payment
being made  following the "Effective  Date" as defined in the Release.  The term
"Severance  Pay" shall  also  include  Employee's  continued  enrollment  at the
Company's  expense for  twenty-four  (24) months in the Company's group medical,
dental and vision insurance plans,  disability insurance plan and life insurance
plan (together,  the "Benefit Plans"),  all at the same level as provided during
the period immediately preceding Employee's termination of employment, provided,
however,  "Severance  Pay" shall not include  enrollment in any Company  Benefit
Plan to the extent the  insurer or  underwriter  of such  Benefit  Plan will not
cover Employee  under or include same level benefit  coverage for Employee after
termination of Employee's  employment at a comparable premium.  Employee's right
to  continued  group  benefits  after any period  covered by the Company will be
determined in accordance  with federal and state law.  Employee will continue to
be  obligated  to pay  the  same  employee's  portion  of any  premium  and  any
deductible and/or co-payments  associated with such benefits, as other similarly
situated employees of the Company.

         2.2 In addition to the Severance Pay specified in Section 2.1, Employee
will be entitled to outplacement  counseling at Employer's expense in accordance
with Employer's  customary practice,  if any, with respect to an employee having
Employee's base salary level.

         3.  Employee  shall not be entitled to the Severance Pay if Employee is
separated from the Company for any of the following reasons:

          (A)  Resignation.  Employee  voluntarily  quits his  position  for any
          reason.

          (B) Cause. The Company terminates Employee's employment for Cause. For
          purposes of this Agreement "Cause" shall mean:

               (i) the  failure by  Employee  to perform  his duties in a manner
               consistent  with  Employee's  historic  performance  levels after
               demand for such performance is delivered by Employer which demand
               identifies  the manner in which  Employee  has not  continued  to
               perform  his  duties  in  accordance  with  Employee's   historic
               performance levels;

               (ii) the willful and  intentional act by the Employee that is, in
               the  reasonable   determination   of  the  Employer,   materially
               injurious to the Company, monetarily or otherwise;

               (iii)the  failure,  for any reason,  of Employee to maintain  all
               professional  licenses and memberships  required by his position;
               or

               (iv) the  conviction of the Employee of a crime  involving an act
               of moral turpitude or which is a felony.

          (C) Death. Employee's employment is terminated due to his death.

          (D) Family or Medical Leave.  Employee shall have been absent from his
          duties for any reason which is covered by the  California  Family Care
          and Medical  Leave Act ("FCML") or the Family and Medical Leave Act of
          1993  ("FMLA")  for longer  than the  period for which the  Company is
          required to provide to Employee  unpaid leave  pursuant to the FCML or
          the FMLA. Nothing contained in this Agreement shall be deemed to waive
          Employee's rights under the FCML or the FMLA.

         4. The  Employee  shall not be required  to mitigate  the amount of any
payment provided for in this Agreement by seeking other employment or otherwise.
Employee  acknowledges  that the Severance Pay provided in this  Agreement is in
excess of the amount  that the  Employee  would have  customarily  received as a
terminated  employee under Company policy and that these additional benefits are
expressly  given as  consideration  for the execution of this  Agreement and the
agreement to execute the Release attached hereto as Exhibit A.

         5. Confidentiality.

         5.1 Employee agrees that he/she shall keep and hold the contents, terms
and  provisions of this  Agreement in the strictest  confidence  and that he/she
shall not  discuss,  disclose,  disseminate,  produce,  publish,  comment  upon,
reference  or reveal the  existence of this  Agreement  or any of the  contents,
terms and provisions of this Agreement to any person or any entity without first
securing  the prior  written  consent of the Company,  except (1) to  Employee's
personal  representatives or as required in a judicial proceeding to enforce the
terms of this  Agreement,  or (2) as otherwise  required by law (in which latter
instance,  the  Employee,  upon  becoming  aware of any such legal  duty,  shall
promptly give notice  thereof to the Company and shall,  to the greatest  extent
possible,  cooperate  with the  request of the  Company  to keep this  Agreement
confidential).  This paragraph  does not apply to the reporting,  completing and
filing  of state  and  federal  income  tax  returns  or any and all  subsequent
proceedings  relating  thereto.  The  Employee  agrees  that any  breach of this
paragraph  will  cause  irreparable  harm and loss to the  Company  and that the
Company  shall be entitled to have and secure  against the  Employee  injunctive
relief against any future or further violations of this paragraph.

         5.2 Employee,  in consideration of the Severance Pay and other benefits
to be  received  by  him/her  under  this  Agreement,  shall  not,  directly  or
indirectly, solicit any of PLM's customers or employees exisiting as of the date
of Employee's  termination of employment.  If Employee  violates this Paragraph,
and  continues  to do so  after  the  Company  has  notified  Employee  of  such
violation,  Company shall have the right to seek and secure equitable  restraint
of Employee from such  activities  in  contravention  of the  provisions of this
Agreement,  including obtaining a temporary  restraining order and/or injunction
against Employee.

         5.3  It  is  specifically  understood  and  agreed  that  some  of  the
Employer's (and Employer's  affiliates) business activities are secret in nature
and  constitute  trade  secrets,  including but not limited to  Employer's  (and
Employer's  affiliates)  "know-how",  methods of production  and  manufacturing,
ideas and results of research and development,  specifications  of equipment and
materials,  profit  margins,  planning  information,  projections,  customer and
supplier information,  reports, analyses,  agreements, as well as financial data
and reports.  All  Employer's  (and  Employer's  affiliates)  trade  secrets and
proprietary  information  are and shall be the  property of Employer for its own
exclusive  use and benefit,  and  Employee  agrees that he will hold the same in
strictest  confidence  and will not at any  time,  either  during  or after  his
employment  by the  Employer,  use or  permit  the use of the  same  for his own
benefit  or  for  the  benefit  of  others  unless  authorized  to do so by  the
Employer's  written  consent,  such  information  is in  the  public  domain  or
authorized  by a contract or  agreement  to which the  Employer is a party or by
which it is  bound.  Violation  of this or any of the  other  covenants  of this
Agreement  will entitle the Employer to,  among other  remedies,  terminate  all
future Severance Pay.

         6. This  Agreement  (including  the  attached  Exhibit A) contains  the
entire and  exclusive  understanding  among the  parties  regarding  the subject
matter  hereof and  supersedes  and  replaces all prior  negotiations,  proposed
agreements and agreements,  written and oral, and may not be modified or amended
in any respect  whatsoever,  except by a writing  signed by all parties  hereto.
This Agreement is not intended to conflict with, or reduce or increase any right
Employee may have pursuant to the PLM International,  Inc. 1988 Management Stock
Compensation Plan, the PLM International,  Inc. Mandatory Management Stock Bonus
Plan, or the PLM International, Inc. Executive Deferred Compensation Plan.

         7. This  Agreement  shall be governed and construed in accordance  with
the laws of the State of California. Venue of any action to enforce the terms of
this Agreement  shall lie in San Francisco  County,  California.  Except for the
injunctive relief as set forth in Paragraph 5, any dispute, claim or controversy
arising out of or related to this  Agreement  shall be  resolved by  arbitration
under the Employment  Dispute  Resolution  Arbitration Rules and auspices of the
American Arbitration Association, San Francisco, California Regional Office (the
"Association").  Any  such  arbitration  shall  be  conducted  by an  arbitrator
selected by mutual agreement of the parties, and such arbitration decision shall
be final. The party prevailing in the arbitration  shall be awarded its share of
the fees  and  expenses  of the  arbitration  (including,  but not  limited  to,
arbitrator's  fees),  in  addition to  attorneys'  fees.  Employee  specifically
consents to such arbitration and hereby represents such consent is willfully and
voluntarily given without  influence by coercion or threatening  statements from
Employer.

         8.  Each  signatory  hereto  represents  that  he,  she or it is  fully
authorized to execute this Agreement.

         9. The parties agree that if any provision of this Agreement is held to
be invalid,  void or unenforceable,  the remaining  provisions shall continue in
full force and effect.

         10. With  respect to the  Company,  this  Agreement  shall inure to the
benefit of and be binding upon any successors or assigns of PLM. With respect to
Employee,  this Agreement shall not be assignable but shall inure to the benefit
of and be binding upon the heirs, executors,  administrators,  and successors of
Employee.

         11. Nothing  contained in this Agreement  shall be deemed to change the
"at-will"  nature  of  the  employment  relationship  between  the  Company  and
Employee.  The  Company  and the  Employee  hereby  acknowledge  and agree  that
Employee's  employment may be terminated at will, with or without cause, for any
reason, subject to the obligations created by this Agreement.  Nothing contained
in this Agreement shall be deemed to provide  Employee any right to (i) regular,
irregular or special salary  increases of any kind,  (ii)  participation  in any
Company  bonus  plan or  other  benefit  plan  not  otherwise  available  to all
employees of the Company or (iii) payment of any bonus compensation of any kind.
This  Agreement  shall not in any way bind or  create  any  obligations  for PLM
International, Inc. or any of its subsidiaries other than Employer.

                  IN WITNESS  WHEREOF,  this  Agreement has been executed on the
day and year specified above.

PLM FINANCIAL SERVICES, INC.                EMPLOYEE

By:  /s/ Stephen Peary                      /s/ Stephen M. Bess

Its: Senior Vice President

<PAGE>

                                    EXHIBIT A

                     SEPARATION AGREEMENT AND MUTUAL RELEASE

         This   Separation   Agreement  and  Mutual  Release  (the   "Separation
Agreement"),  dated  as of  ____________________,  19__ is  entered  into by and
between PLM Financial Services,  Inc., and  _________________  ("Employee"),  an
individual, who hereby state as follows:

         WHEREAS, Employee has been employed by PLM Financial Services, Inc. and
its  wholly-owned  affiliates and parent,  PLM  International,  Inc.  (together,
"PLM") since ___________,  and has most recently held the position of President,
PLM Investment Management, Inc.

         WHEREAS, Employee's employment with PLM has been terminated effective
 ___________________________;

         WHEREAS,  PLM and  Employee  each desire to resolve any and all matters
arising out of Employee's employment with or termination from PLM.

         NOW, THEREFORE, PLM AND EMPLOYEE DO HEREBY AGREE AS FOLLOWS:

         1. In consideration  of the provisions  hereinabove and hereinafter set
forth,   PLM  and   Employee   and   each  of  their   affiliates,   successors,
administrators,  assigns,  agents,  attorneys,  and any other persons  acting on
their   behalf   (collectively   "Releasors"),   do   hereby   irrevocably   and
unconditionally  release,  relieve, waive, relinquish and discharge one another,
and   all   heirs,   predecessors,   successors,   representatives,   assignees,
subsidiaries,  affiliates,  parents,  spouses,  partners,  officers,  directors,
stockholders, agents, employees, insurers, attorneys, and all persons acting by,
through,  under or in concert with any of them (collectively,  "Releasees"),  of
and from any and all manner of liabilities,  claims, demands, actions, causes of
action,  damages,  obligations,  all  theories of fault or  wrongdoing  (whether
statutory,  common  law,  tort  or  otherwise),   debts,  expenses,  costs,  and
attorneys' fees, of every kind, known or unknown  (hereinafter  referred to as a
"Claim" or the "Claims"),  arising out of, or in any way related to,  Employee's
employment with or termination from PLM.

         These Claims  include,  but are not limited to,  Claims  arising  under
federal, state and local statutory or common law, such as the Age Discrimination
in Employment Act, Title VII of the Civil Rights Act, as amended,  including the
amendments of the Civil Rights Act of 1991, and the Americans With  Disabilities
Act, and the law of contract and tort.

         2. PLM and  Employee  acknowledge  and agree that they are aware of the
facts and  intend  that the  execution  of this  Separation  Agreement  shall be
effective as full and final accord and  satisfaction  and settlement of and as a
bar to each and  every  Claim or Claims  arising  out of the  above  which  PLM,
Employee  or the  Releasors  has,  may have in the future or has had against the
other party or the Releasees, whether such Claims are known or unknown, foreseen
or unforeseen.

         3. PLM AND  EMPLOYEE  EACH  CERTIFY THAT THEY HAVE READ SECTION 1542 OF
THE CIVIL CODE OF THE STATE OF CALIFORNIA, WHICH STATES AS FOLLOWS:

"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF  EXECUTING  THE  RELEASE,  WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."

         4. PLM AND EMPLOYEE HEREBY EXPRESSLY WAIVE  APPLICATION OF SECTION 1542
OF THE CIVIL CODE OF THE STATE OF CALIFORNIA AND ANY AND ALL RIGHTS  THEREUNDER,
AS WELL AS ANY OTHER FEDERAL OR STATE STATUTORY RIGHTS OR RULES OR PRINCIPLES OF
COMMON  LAW OR EQUITY  OR THOSE OF ANY  JURISDICTION  SIMILAR  TO  SECTION  1542
(HEREINAFTER REFERRED TO AS A "SIMILAR  PROVISION").  THUS PLM, EMPLOYEE, OR THE
RELEASORS  MAY NOT INVOKE THE  BENEFITS  OF  SECTION  1542 OR ANY OTHER  SIMILAR
PROVISION  IN ORDER TO  PROSECUTE  OR ASSERT IN ANY  MANNER  ANY CLAIM OR CLAIMS
RELEASED HEREUNDER.

         5. In  addition to the  amounts  which have been paid to  Employee  for
earned  salary and accrued  vacation  pay through , and although the employee is
not otherwise  entitled to it, Employee will be paid  __________________Thousand
Dollars  ($_______),  less customary payroll  deductions,  as separation pay, as
well  as  certain  other  post  employment  benefits  specified  in a  Severance
Agreement dated as of ________. Such separation pay will be paid in semi-monthly
installments for a total of forty-eight (48) installments, starting on the first
regularly  scheduled pay day following  the  Effective  Date of this  Separation
Agreement,  as defined in Paragraph  15 below.  Employee  acknowledges  that the
separation pay and other post  employment  benefits are conferred on Employee as
consideration  for the execution of the Severance  Agreement and this Separation
Agreement.

         6.  In  executing  this  Separation   Agreement,   the  parties  hereby
acknowledge  and agree that Employee is retaining all rights and interests which
have vested through [termination date] in PLM's stock option plan(s), its 401(k)
Plan  (Employees  Profit Sharing and Tax Advantaged  Savings Plan) and any other
plan in which Employee holds a vested interest except as expressly identified as
being released under this Agreement, and it is expressly agreed that Employee is
not releasing or waiving his vested interest in said plans. In  consideration of
the receipt of Severance Pay,  Employee  waives all rights and benefits to which
he may be entitled under the Employment  Agreement  entered  between him and PLM
International, Inc.

         7.  Employee  agrees  to  immediately  return  to PLM  any  information
regarding PLM's practices,  procedures,  trade secrets,  customer lists, product
marketing   and  any  other  PLM   documents  in  any  form  (the   "Proprietary
Information") and Employee remains obligated to maintain the  confidentiality of
such Proprietary Information at all times.

         8.  Nothing  in this  Separation  Agreement  shall be  construed  as an
admission by either party of any unlawful or actionable  conduct by either party
and the parties hereto make no admission of liability of any kind whatsoever.

         9. The  provisions  of this  Separation  Agreement  shall be  deemed to
obligate,  extend to and inure to the  benefit  of,  with  respect  to PLM,  its
agents, servants,  employees,  officers,  directors,  parents,  subsidiaries and
affiliates,   successors  and  assigns,  and,  with  respect  to  Employee,  his
representatives, executors, heirs, administrators, successors and assigns.

         10. Employee agrees that he/she shall keep and hold the contents, terms
and  provisions of this  Agreement in the strictest  confidence  and that he/she
shall not  discuss,  disclose,  disseminate,  produce,  publish,  comment  upon,
reference  or reveal the  existence of this  Agreement  or any of the  contents,
terms and provisions of this Agreement to any person or any entity without first
securing  the prior  written  consent of the Company,  except (1) to  Employee's
personal  representatives or as required in a judicial proceeding to enforce the
terms of this  Agreement,  or (2) as otherwise  required by law (in which latter
instance,  the  Employee,  upon  becoming  aware of any such legal  duty,  shall
promptly give notice  thereof to the Company and shall,  to the greatest  extent
possible,  cooperate  with the  request of the  Company  to keep this  Agreement
confidential).  This paragraph  does not apply to the reporting,  completing and
filing  of state  and  federal  income  tax  returns  or any and all  subsequent
proceedings  relating  thereto.  The  Employee  agrees  that any  breach of this
paragraph  will  cause  irreparable  harm and loss to the  Company  and that the
Company  shall be entitled to have and secure  against the  Employee  injunctive
relief against any future or further violations of this paragraph.

         11. This Separation  Agreement contains the entire  understanding among
the  parties  and  supersedes  and  replaces  all prior  negotiations,  proposed
agreements  and  agreements  (other than the Severance  Agreement),  written and
oral, and may not be modified or amended in any respect whatsoever,  except by a
writing signed by all parties hereto.

         12. This  Separation  Agreement  shall be  governed  and  construed  in
accordance  with the laws of the  State of  California.  Venue of any  action to
enforce  the  terms of this  Separation  Agreement  shall  lie in San  Francisco
County,  California.  Except as set forth in Paragraph 12, any dispute, claim or
controversy arising out of or related to Separation  Agreement shall be resolved
by arbitration  under the Employment  Dispute  Resolution  Arbitration Rules and
auspices of the American  Arbitration  Association,  San  Francisco,  California
Regional Office (the "Association").  Any such arbitration shall be conducted by
an arbitrator selected by mutual agreement of the parties,  and such arbitration
decision  shall be  final.  The party  prevailing  in the  arbitration  shall be
awarded its share of the fees and expenses of the  arbitration  (including,  but
not limited to,  arbitrator's  fees), in addition to attorneys'  fees.  Employee
specifically  consents to such arbitration and hereby represents such consent is
willfully and  voluntarily  given without  influence by coercion or  threatening
statements from PLM.

         13.  Each  signatory  hereto  represents  that  he,  she or it is fully
authorized to execute this Separation Agreement.

         14.  The  Parties  agree  that  if any  provision  of  this  Separation
Agreement  is held by a court of  competent  jurisdiction  or  arbitrator  to be
invalid, void or unenforceable,  the remaining provisions shall continue in full
force and effect.

          15. The following is required by the Older Workers Benefit  Protection
Act of  1990:  Employee  has up to 21 days  from  the  date  of this  Separation
Agreement to accept the terms of this Separation  Agreement,  although  Employee
may accept it at any time within those 21 days.

         Employee  is  advised  to consult  an  attorney  about this  Separation
Agreement.

         Once Employee accepts this Separation Agreement,  by signing and dating
this Separation Agreement,  Employee will have an additional seven days in which
to revoke his acceptance. To revoke, Employee must send to PLM's General Counsel
a written  statement of  revocation  by facsimile and  registered  mail,  return
receipt requested. If Employee does not revoke, the eighth day after the date of
his acceptance will be the "Effective Date" of the Separation Agreement.

         16. PLM and  Employee  do hereby  acknowledge  and agree that they have
each been represented by independent  counsel of their own choice throughout all
negotiations which preceded the execution of this Separation  Agreement and that
they fully understand and voluntarily accept this Separation  Agreement and have
executed this Separation  Agreement after seeking the advice of said independent
counsel.  Each  party  shall  bear,  and be solely  responsible  for,  their own
respective  costs and expenses  related to the preparation and subject matter of
this Separation Agreement.

<PAGE>

         IN WITNESS  WHEREOF,  the parties have executed this document as of the
date set forth below, at San Francisco, California.

EMPLOYEE                                    PLM FINANCIAL SERVICES, INC.

                                            By:

Dated:                                      Title:EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT  AGREEMENT  ("Agreement")  is made and entered into on
this 12th day of May, 1998, by and between PLM INTERNATIONAL,  INC. ("Employer")
and Richard K Brock ("Employee").

         WHEREAS,  the Board of Directors  deems it in the best interests of the
shareholders of the Employer to maintain a continuity of management,  and retain
an experienced, successful and proven management team; and

         WHEREAS,  Richard K Brock has accepted the  appointment of the Board of
Directors to the position(s) of Vice President and Corporate Controller;

                               W I T N E S S E T H

         That in  consideration of the covenants,  duties,  terms and conditions
hereinafter set forth, the parties hereto agree as follows:

         1. Services. Employer hereby engages the exclusive services of Employee
as Vice President and Corporate  Controller,  with his powers and duties in that
capacity to be determined by Employer's Board of Directors,  and Employee hereby
agrees to perform such services on the terms and conditions herein contained and
to abide by all rules and  regulations  for the conduct of the Employee that are
now or may  hereafter  be  established  by  Employer.  In  connection  with this
Agreement,  Employee  shall be  based  at the  principal  executive  offices  of
Employer or at such location as may be designated from time to time by the Board
of Directors of Employer,  except for required travel on Employer's  business to
an extent substantially consistent with present business travel obligations.

         2.  Employment  Term. The term of this Agreement  shall commence on the
date hereof (the  "Commencement  Date"),  and shall  continue for 3 year(s) (the
"Original  Term")  unless  terminated  pursuant  to  Sections  10 or 11 of  this
Agreement.  One year from the Commencement Date and each anniversary thereafter,
the term of this Agreement  shall be  automatically  extended one (1) additional
year unless prior to such  anniversary  of the  Commencement  Date, the Employer
shall have delivered to the Employee notice of a determination  made pursuant to
Section  10.1(C) of this  Agreement,  or Employee  shall have  delivered  to the
Employer written notice that the term of this Agreement shall not be extended.

         3.       Compensation.

                  3.1 Employer  shall pay to Employee as full  compensation  for
all services  performed,  the sum of Ninety Three  Thousand Six Hundred  Dollars
($93,600)  per year (or such higher  amount as may be agreed to by Employer  and
Employee  from time to  time)(the  original  amount or the adjusted  amount,  if
applicable, being the "Base Salary") payable in equal semi-monthly installments.
Employee's  compensation  may be adjusted  from time to time,  but it may not be
reduced below the Base Salary without the Employee's prior written consent.

                  3.2 Employer  may deduct and withhold  from all payments to be
made to Employee  hereunder the amounts  required or permitted to be deducted or
withheld  pursuant to any provisions of any present or future  applicable law or
regulation,  together with the right and authority to pay any such deductions or
withholdings  over to any party  entitled to the same pursuant to the provisions
of any such law or regulation.

         4. Bonus. The Employee shall be eligible to participate in any bonus or
incentive  compensation  plan for which  Employee or other senior  executives of
Employer may  reasonably  expect to  participate  (the  "Incentive  Compensation
Plan").  To the  extent  not  otherwise  determined  pursuant  to the  Incentive
Compensation  Plan,  the Board of Directors  shall have the sole  discretion  to
determine the amount of such bonus, or incentive compensation, if any.

         5. Other  Benefits.  Employer  shall maintain in full force and effect,
and Employee shall be entitled to continue to participate  in, all of Employer's
employee  benefit plans and  arrangements  in effect on the date hereof in which
Employee  participates;  or such other plans or arrangements  that would provide
Employee with substantially  equivalent benefits  thereunder  (including without
limitation  each  pension  and  retirement  plan and  arrangement,  supplemental
pension and retirement plan and  arrangement,  stock option plan, life insurance
plan  and  arrangement,  health  and  accident  plan  and  arrangement,  medical
insurance plan and arrangement, disability plan and arrangement, survivor income
plan and arrangement,  relocation plan and vacation plan) (the "Employee Benefit
Plans");  provided,  however,  that  this  Section  5 shall  not apply to any of
Employer's Incentive  Compensation Plan(s).  Employer shall not make any changes
in such plans or arrangements  which would adversely affect Employee's rights or
benefits thereunder,  unless such change occurs pursuant to a program applicable
to all  employees  or  executives  of the  Employer  and  does not  result  in a
proportionately  greater  reduction in the rights of or benefits to the Employee
as compared with any other employee or executive of the Employer. Employee shall
be entitled to  participate in and receive  benefits under any Employee  Benefit
Plan or  arrangement  made available by Employer in the future to its employees,
executives or key  management  employees,  subject to and on a basis  consistent
with  the  terms,  conditions  and  overall  administration  of such  plans  and
arrangements.  Nothing  paid to the  Employee  under  any  plan  or  arrangement
presently  in effect or made  available  in the future  shall be deemed to be in
lieu of the salary  payable to the  Employee  pursuant  to Section 3.1 hereof or
pursuant to an Incentive  Compensation Plan as provided in Section 4 hereof. Any
payments or  benefits  payable to the  Employee  hereunder  with  respect to any
calendar  year during  which  Employee is employed by Employer for less than the
entire such year shall,  unless  otherwise  provided in the  applicable  plan or
arrangement,  be prorated in accordance with the number of days in such calendar
year  during  which he is  employed;  provided,  however,  benefits  or payments
payable to Employee  under any life insurance  plan or  arrangement,  health and
accident plan or arrangement or disability plan or arrangement  shall be payable
on  behalf  of  Employee  by  Employer  for a  period  of six (6)  months  after
termination of employment hereunder.

         6. Other Interests. Employee shall devote his time and attention solely
to the business and interest of Employer,  and Employer shall be entitled to all
the  benefits  arising  from or  incident  to  Employee's  services.  During the
employment term,  Employee shall not, without Employer's  written consent,  have
any interest in any business which conflicts  either directly or indirectly with
Employer's  business,  except that  Employee may hold an interest not  exceeding
five percent (5%) in any corporation whose stock is publicly traded.

          7. Confidentiality. It is specifically understood and agreed that some
of the Employer's  business activities are secret in nature and constitute trade
secrets,  including  but  not  limited  to  Employer's  "know-how",  methods  of
production  and  manufacturing,  ideas and results of research and  development,
specifications of equipment and materials, profit margins, planning information,
projections,  customer and supplier information,  reports, analyses, agreements,
as well as  financial  data  and  reports.  All  Employer's  trade  secrets  and
proprietary  information are and shall be the property of Employer,  for its own
exclusive  use and benefit,  and  Employee  agrees that he will hold the same in
strictest  confidence  and will not at any  time,  either  during  or after  his
employment  by the  Employer,  use or  permit  the use of the  same  for his own
benefit  or  for  the  benefit  of  others  unless  authorized  to do so by  the
Employer's  written  consent or by a contract or agreement to which the Employer
is a party or by which it is bound.

          8. Services Furnished.  During the term of Employee's  employment with
Employer,  Employer  shall  furnish  Employee  with  office  space,  secretarial
assistance  and such  other  facilities  and  service  as have  heretofore  been
furnished to Employee.

          9.  Other  Positions.  Employee  agrees  to serve  without  additional
compensation  (other than  compensation  accruing to any other person serving in
such capacity), if elected or appointed a director of the Employer or any of its
subsidiaries,  provided that Employee is indemnified  for serving in any and all
such  capacities on a basis no less favorable  than is currently  provided other
directors.

         10.  Termination by Employer.  Employee's  employment  hereunder may be
terminated  by  Employer  without  any breach of this  Agreement  only under the
following circumstances:

                  10.1 If occurring prior to a Change in Control (as hereinafter
defined In Section 11):

                           (A)  Death.  Employee's  employment  hereunder  shall
terminate upon his death.

                           (B)  Disability.   If,  as  a  result  of  Employee's
incapacity due to physical or
mental illness, Employee shall have been absent or substantially absent from his
duties hereunder for the entire period of six (6) consecutive months, and within
thirty (30) days after written  notice of  termination is given (which may occur
before or after the end of such six month period) shall not have returned to the
performance  of his  duties  hereunder  on a  full-  time  basis,  Employer  may
terminate Employee's employment hereunder; or

                           (C)  Without   Cause.   This   Agreement   may  be
terminated without cause, in the sole,  absolute and unreviewable  discretion of
Employer, by written notice made by the President of Employer. Such notice shall
state that the  President  of  Employer  has  determined  that it is in the best
interests of the Employer or its  shareholders  to terminate  this Agreement and
the Employee's employment hereunder.

                  10.2 If occurring  subsequent to or resulting from a Change in
Control (as hereinafter defined in Section 11):

                            (A) Death.  Employee's  employment  hereunder  shall
terminate upon his death.

                            (B)  Disability.  If,  as  a  result  of  Employee's
incapacity due to physical or mental illness  Employee shall have been absent or
substantially  absent from his duties hereunder for the entire period of six (6)
consecutive  months,  and  within  thirty  (30)  days  after  written  notice of
termination  is given (which may occur before or after the end of such six-month
period) shall not have returned to the performance of his duties  hereunder on a
full  time  basis,  Employer  may  terminate  Employee's  employment  hereunder.
Incapacity  due to physical or mental  illness will be determined as provided in
Section 10.1(B); or

                            (C)  Cause.   Employer  may   terminate   Employee's
employment  hereunder for Cause.  For purposes of this Agreement,  "Cause" shall
mean:

                                     (i) the  willful and  continued  failure by
Employee to perform his duties hereunder (other than any failure  resulting from
Employee's  incapacity  due to  physical  or mental  illness)  after  demand for
substantial  performance  is delivered by  Employer,  which demand  specifically
identifies  the manner in which  Employee has not  substantially  performed  his
duties;

                                     (ii) the willful and intentional act by the
Employee that is, in the reasonable  determination  of the Employer,  materially
injurious to the Employer, monetarily or otherwise;

                                     (iii)  the  breach by the  Employee  of any
material covenant of this Agreement; or

                                     (iv) the conviction of the Employee of a
crime involving an act of moral  turpitude or which is a felony  resulting in or
intended to result,  directly or indirectly,  in gain or personal  enrichment of
the Employee,  relations of the Employee,  or their affiliates at the expense of
the Employer.

                  For purposes of this Section 10, no act, or failure to act, on
Employee's part shall be considered  willful unless done, or omitted to be done,
by him not in good faith and without the reasonable belief that his action(s) or
omission(s)  was  in  the  best  interests  of  the  Employer.  Furthermore,  no
termination  of  Employee's  employment  shall  be  effective  until  Notice  of
Termination is given to Employee by Employer.

         11.  Termination  by Employee.  Employee may terminate  his  employment
hereunder upon thirty (30) days' written  notice to Employer for any reason.  If
Employee terminates his employment  hereunder  subsequent to a Change in Control
(as  hereinafter  defined) and such  termination  is made for any of the reasons
listed below,  then such termination  shall be deemed to have been done for good
reason ("Good Reason").

                  Reasons constituting Good Reason shall be limited to:

                            (A) any breach by Employer of any material provision
of this  Agreement  which has not been cured within ten (10) days after  written
notice of such non-compliance is given by Employee to Employer;

                            (B) any demonstrable and material  diminution of the
compensation, duties, responsibilities,  authority or powers of Employee as such
relate to any  positions or offices held by Employee  immediately  prior to such
Change in Control;  provided that Employee provides a reasonable  description of
any such  diminution(s) and a statement that Employee finds, in good faith, that
the  acts  or   omissions   to  act   causing   such   diminution   in   duties,
responsibilities,  authority or powers to be a material  diminution and that, as
such, he elects to terminate his employment hereunder for Good Reason;

                            (C) the taking of, or failure to take, any action by
Employer which would deprive  Employee of any material fringe benefit enjoyed at
the time of such  Change in  Control  or the  failure  of  Employer  to  include
Employee in any Employee Benefit Plan or Incentive  Compensation  Plan for which
Employee is properly eligible  including the failure to pay Employee the amount,
if any,  determined in good faith to be due and owing  Employee  pursuant to any
such Employee Benefit Plan or Incentive Compensation Plan; or

                            (D) any  requirement  by the Employer  that Employee
relocate his primary business office to a geographical  area greater than twenty
(20) miles from Employer's  principal executive offices as existing  immediately
prior to the applicable  Change in Control or, if Employee is based in an office
other than Employer's  principal  executive office, the office of Employer where
Employee is based immediately prior to the most recent Change in Control.

                  For purposes of this  Agreement,  a "Change in Control"  shall
mean an event or series of events  which  would be  required  to be  reported in
response to Item 6(e) of Schedule 14A of Regulation  14A  promulgated  under the
Securities Exchange Act of 1934 (the "Exchange Act"), as amended;  provided that
the  following  events  shall be  deemed  a Change  in  Control  whether  or not
reportable  as a Change in Control  pursuant to  Regulation  14A of the Exchange
Act:

                                         (i) any  "person" [as such term is used
in Sections 13(d) and 14(d) of the Exchange Act, as in effect on the date hereof
(a "Person")] acquiring  "beneficial  ownership" [as defined in Rule 13D-3 under
the Exchange Act, as in effect on the date hereof  ("Beneficial  Ownership")] of
securities of the Employer representing 36% or more of the combined voting power
of the Employer's then outstanding securities;

                                         (ii)  any  Person,  who  does  not have
Beneficial  Ownership of securities of the Employer  representing  5% or more of
the combined voting power of the  outstanding  securities of the Employer on the
date  hereof,  acquiring  Beneficial  Ownership of more than 15% of the combined
voting power of the securities of the Employer then outstanding; or

                                         (iii)  a   change   in  the   Board  of
Directors,  which  change  is the  result  of a proxy  solicitation(s)  or other
action(s) to influence  voting at a shareholders'  meeting of the Company (other
than by  voting  one's  own  stock)  by a Person  or group  of  Persons  who has
Beneficial  Ownership  of 5% or  more  of  the  combined  voting  power  of  the
securities of the Employer and which causes the Continuing Directors to cease to
be a majority of the Board of Directors of the Employer; provided, however, that
none of the  foregoing  events  shall be deemed to be a Change in Control if the
event(s)  or   election(s)   causing  such  change  shall  have  been   approved
specifically  for purposes of this Agreement by the affirmative vote of at least
a majority of the members of the Continuing Directors.

                            For   purposes   of  this   Agreement,   "Continuing
Directors"  shall mean a member of the Board of Directors who (i) is a member of
the Board of Directors on the date hereof,  or (ii) who  subsequently  becomes a
member of the Board of Directors and who either (x) is appointed or  recommended
for election with the  affirmative  vote of a majority of the Directors  then in
office who are Directors on the date hereof,  or (y) is appointed or recommended
for election with the  affirmative  vote of a majority of the Directors  then in
office who are described in subsections (i) and (ii)(x) above, as applicable.

         12.      Compensation Upon Termination or During Disability.

                  12.1  During any period  that  Employee  fails to perform  his
duties  hereunder as a result of incapacity  due to physical or mental  illness,
Employee  shall  continue  to receive  his full Base  Salary at the rate then in
effect for such period until his employment is terminated pursuant to Section 10
hereof.

                  12.2 If  Employee's  employment  is  terminated  by his death,
Employer shall pay to Employee's spouse, or if Employee leaves no spouse, to his
estate,  commencing  on the  next  succeeding  day  which is the last day of the
month,  and monthly  thereafter on the last day of each month,  until a total of
three payments have been made, an amount equal to one twelfth of the Base Salary
in effect immediately prior to such termination.

                  12.3 If Employee's  employment  shall be terminated for Cause,
the Employer  shall pay  Employee his full Base Salary  through the date of such
termination at the rate in effect at the time Notice of Termination is given and
the  Employer  shall  have no further  obligations  to the  Employee  under this
Agreement.

                  12.4 If (A) Employer shall terminate the Employee's employment
hereunder other than as permitted hereby or (B) the Employee shall terminate his
employment  for Good  Reason,  then  Employer  shall pay  Employee in cash or by
cashier's check within five (5) business days of such  termination as Employee's
sole remedy for such  termination  the sum of (1) Employee's  Base Salary or, if
greater,  the  base  compensation  rate  in  effect  immediately  prior  to such
termination, multiplied by a number equal to the number of years in the Original
Term,  (2) an amount  equal to the greater of the amount paid and/or  payable to
Employee or accrued by the  Employer  for  Employee  pursuant to all  applicable
Incentive  Compensation  Plans (i) for the fiscal year of the Employer  prior to
the fiscal year of any Change in Control or (ii) for the  immediately  preceding
fiscal year of the  Employer  (even  though in either (i) or (ii) payable in the
next succeeding fiscal year(s) of Employer), multiplied by a number equal to the
number of years in the Original  Term,  and (3) all cash amounts due pursuant to
Section 5 hereof.  The receipt of such payments shall constitute the sole remedy
of  Employee  for  such  termination  and  the  making  of such  payments  shall
constitute  full  performance by Employer under this  Agreement.  For purpose of
this Section 12.4 only, the Original Term, if greater than 2.99 years,  shall be
2.99 years.

                  12.5 If the Employee shall  terminate his employment  pursuant
to Section 11 hereof for any reason other than Good Reason,  Employer  shall pay
Employee his full Base Salary  through the date of such  termination at the rate
in effect at the time Notice of Termination is given.

                  12.6 If Employee's  employment shall be terminated pursuant to
Section  10.1 (C) then  Employer  shall pay  Employee  and  provide  benefits to
Employee pursuant to the standard policy of Employer.

                  12.7 The Employee shall not be required to mitigate the amount
of any payment  provided for in this  Agreement by seeking  other  employment or
otherwise.

         13. Stock Options. In the event Employee's  employment with Employer is
terminated  pursuant  to  Section  11 for Good  Reason,  any and all  options to
purchase  stock (common or otherwise)  in the Employer  granted  pursuant to any
plan or otherwise,  or any equivalent or similar rights which appreciate or tend
to appreciate as the value of the  Employer's  stock  appreciates,  shall become
immediately accelerated and fully vested and any restrictions on such options or
equivalent or similar rights shall, to the extent  permissible  under applicable
securities laws, fully lapse.  Employer shall endeavor to cause any restrictions
on such options or equivalent or similar  rights not lapsed by operation of this
Section 13 to so lapse.

         14.  Covenant  not  to  Compete.  Employee,  in  consideration  of  the
compensation  and  other  benefits  to be  received  by  him  pursuant  to  this
Agreement,  expressly  agrees  that he will not,  within a radius of fifty  (50)
miles from any place of business of the Employer, engage directly or indirectly,
as employee,  principal,  agent, partner,  director or independent contractor or
otherwise in any  business  which is  competitive  to that of the Employer for a
period  equal  to the  Original  Term  after he  ceases  to be  employed  by the
Employer.

         15.  Non-solicitation.  Except in the case of a termination pursuant to
Section 11 for Good Reason,  for a period equal to the Original  Term  following
termination of this Agreement, Employee shall not directly or indirectly solicit
any of Employer's customers existing as of the date of termination.  If Employee
violates  this  Section  15,  Section 14 or the  confidentiality  provisions  of
Section 7, and continues to do so after  Employer has notified  Employee of such
violation, Employer shall have the right to seek equitable restraint of Employee
from such  activities in  contravention  of the  provisions  of this  Agreement,
including seeking and obtaining a temporary  restraining order and/or injunction
against   Employee;   provided  that  Employer   demonstrates   that  Employee's
solicitations result in direct financial detriment to Employer.

         16. Arbitration.  Except as provided in Section 15, if a dispute arises
between  Employer and Employee  concerning  termination of this Agreement  under
Section 10 or 11 above or otherwise,  the disputed  matter shall be submitted to
arbitration.

                  Any  disputed  matter shall be settled by  arbitration  in the
City of San Francisco, California in accordance with the labor arbitration rules
of the American  Arbitration  Association  ("AAA Rules").  Any judgment upon the
award  rendered  by  the   arbitrators  may  be  entered  in  any  court  having
jurisdiction  thereof.  The  arbitrators  shall have the  authority to grant any
equitable and legal remedies that would be available in any judicial  proceeding
instituted to resolve the disputed matter.  The arbitrators  shall apply the law
of  the  State  of   California   in   making   any   determination   hereunder.
Notwithstanding anything to the contrary which may now or hereafter be contained
in the AAA Rules,  the parties  agree any such  arbitration  shall be  conducted
before a panel of three  arbitrators who shall be compensated for their services
at a rate to be determined by the American Arbitration  Association in the event
the  parties are not able to agree upon their rate of  compensation.  Each party
shall have the right to appoint one  arbitrator  (to be appointed  within twenty
days of the notice of a dispute to be resolved by arbitration hereunder) and the
two  arbitrators  so chosen shall mutually agree upon the selection of the third
impartial arbitrator. The majority decision of the arbitrators will be final and
conclusive upon the parties hereto.

         17. Taxes.  Notwithstanding  anything herein to the contrary,  Employer
shall not be  obligated  to pay any portion of any amount  otherwise  payable to
Employee  hereunder  if Employer is not  reasonably  able to deduct such portion
(the  "Excess  Amount")  solely by  operation  of  Section  280G (or such  other
provision(s) as may from time to time be enacted  governing the deductibility of
so- called "Golden Parachute Payments") of the Internal Revenue Code of 1986, as
amended (the "Code").  Employer  shall be deemed able to reasonably  deduct such
Excess Amount; and all amounts accruing hereunder,  including the Excess Amount,
shall be paid Employee in the event Employee  delivers to Employer an opinion of
an attorney that is reasonably acceptable to Employer stating such Excess Amount
is reasonably deductible by Employer by operation of Section 280G (or such other
provisions as may from time to time be enacted  governing the  deductibility  of
so-called "Golden Parachute Payments") of the Code.

         18.      Miscellaneous.

                  18.1 Written notices  required by this Agreement shall be sent
to Employer or Employee by certified mail, with a return receipt  requested,  to
Employer's registered address and to Employee's last shown address on Employer's
records,  respectively.  Such notice  shall be deemed to be  delivered  two days
after mailing.

                  18.2   This   Agreement   contains   the  full  and   complete
understanding of the parties and supersedes all prior representations, promises,
agreements, and warranties, whether oral or written.

                  18.3 This  Agreement  shall be governed  by and  interpreted
according to the laws of the State of California.

                  18.4 With respect to Employer,  this Agreement  shall inure to
the benefit of and be binding upon any  successors or assigns of Employer.  With
respect to Employee, this Agreement shall not be assignable,  but shall inure to
the benefit of and be binding  upon the heirs,  executors,  administrators,  and
successors of Employee.

                  18.5 The  captions of the various  sections of this  Agreement
are inserted only for convenience and shall not be considered in construing this
Agreement.

                  18.6 This  Agreement  can be  modified,  amended or any of its
terms waived only by a writing signed by both parties.

                  18.7 If any provision of this Agreement shall be held invalid,
illegal or unenforceable, the remaining provisions of the Agreement shall remain
in full force and effect and the  invalid,  illegal or  unenforceable  provision
shall be  limited or  eliminated  only to the extent  necessary  to remove  such
invalidity, illegality or unenforceability in accordance with the applicable law
at that time.

                  18.8 Without  limiting the provisions of Section 16, if either
party institutes arbitration  proceedings pursuant to Section 16 or an action to
enforce the terms of this Agreement,  the prevailing party in such proceeding or
action  shall be  entitled  to recover  reasonable  attorneys'  fees,  costs and
expenses.

                     (This space intentionally left blank.)

<PAGE>

                  18.9  No  remedy  made  available  to  Employer  by any of the
provisions  of this  Agreement is intended to be exclusive of any other  remedy.
Each and every  remedy  shall be  cumulative  and shall be in  addition to every
other  remedy  given  hereunder  as well as those  remedies  existing at law, in
equity, by statute or otherwise.

                  IN WITNESS  WHEREOF,  this  Agreement has been executed on the
day and year specified above.

                               EMPLOYER:

                               PLM INTERNATIONAL, INC.

                               By:/s/ Robert N. Tidball

                               Its: President and Chief Executive Officer

ATTEST:

/s/ Susan Santo
Susan Santo

                             EMPLOYEE:

                             /s/Richard K. Brock
                             RICHARD K BROCK
ATTEST:

/s/Enid Faber
Enid Faber

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}]]