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Exhibit 10.54    
    

July
8, 2002 

Mr.
Brian P. Kelley

1411 Sodon Lake Drive

Bloomfield Hills, MI 48302 

        Dear
Brian: 

        This
letter amends and restates my letter to you dated June 28, 2002, which was accepted by you on July 1, 2002. I am pleased to confirm the terms of the offer of employment to
you and SIRVA Inc.'s ("SIRVA") offices near Chicago, Illinois. The offer is as follows: 

	Position:	 	President and Chief Executive Officer for SIRVA.
	

Salary:	
 	

$575,000 per year, payable in installments on SIRVA's regular payroll dates.
	

Start Date:	
 	

August 5, 2002
	

Annual Bonus:	
 	

You will be eligible to participate in SIRVA's Management Incentive Program with a projected target bonus of up to 100% of base salary. You will be guaranteed the pro rata portion of your 2002 bonus from your start date (ie., $240,000 if you start
August 5, 2002).
	

Change of Control:	
 	

In the event your employment is terminated without cause within two years following a "change of control", you shall be entitled to receive a payment equal to two times your annual base salary. In addition, you shall also receive a pro rata bonus for
the year in which your termination occurs based on the target bonus payable to you for such year.
	

 	
 	

"Change of control" shall have the same meaning as set forth in the SIRVA, Inc. Stock Incentive Plan.
	

 	
 	

This payment shall be subject to approval by a vote of the shareholders of SIRVA in order to qualify for the available exemption from the golden parachute provisions of the Internal Revenue Code of 1986, as amended.
	

Stock Purchase:	
 	

You will be provided the opportunity to purchase up to Seven Thousand (7,000) shares (the "Shares") of common stock, par value $0.01 per share, of SIRVA at the fair market value of such stock, which has been established by SIRVA's Board of Directors
to be $142.00 per share. Our expectation is that you would buy a minimum of Three Thousand (3,000) shares.
	

 	
 	

The purchase of the shares will be made pursuant to a management stock subscription agreement that is substantially similar to those in effect for other officers of SIRVA. The material terms of that agreement are summarized on Annex "A" attached
hereto.
	 	 	 

 

	

Stock Options:	
 	

For each share purchased, you will receive a grant of options to purchase three (3) shares of SIRVA common stock, up to an aggregate of Twenty-one Thousand (21,000) shares, at an exercise price of $142 per share (the "Options"). The Option grant will
be made pursuant to a management stock option agreement that is substantially similar to those in effect for other officers of SIRVA. The material terms of that agreement are summarized on Annex "B" attached hereto.
	

Benefits:	
 	

You will be entitled to participate in all health, welfare and other similar benefits available to senior executives of SIRVA.
	

Severance:	
 	

Except as otherwise provided under the section "Change of Control", in the event that your employment is terminated by SIRVA without cause, you will be entitled to receive continued payments of your base salary and health benefits until the earlier
of one year after termination or until you obtain new employment. These continued payments would be subject to your execution of a general release and standard provisions regarding confidentiality, non-competition and non-solicitation of employees,
agents and customers.
	

Board:	
 	

You will be a member of the Board of Directors of SIRVA for as long as you serve as SIRVA CEO.
	

Additional Terms:	
 	

This offer is contingent upon:
	

 	
 	

• your not being subject to any contract that would be violated by your employment with SIRVA; and
	

 	
 	

• your successful completion of a drug/alcohol screening prior to your start date.

        Brian,
on behalf of the Board of Directors, I would like to welcome you to the SRIVA team. I am very excited about you joining our company and look forward to working with you. If you
have any questions, please do not hesitate to call me at 212-407-5259. 

	 	 	 	 	Sincerely,
	

 	
 	

 	
 	

/s/ James W. Rogers

James W. Rogers
	

cc:	
 	

Donald J. Gogel

Kevin J. Conway

Richard J. Schnall	
 	

 
	

ACCEPTED AND AGREED TO

AS OF JULY 8, 2002:	
 	

 
	

/s/ BRIAN P. KELLEY
 Brian P. Kelley

	
 	

 

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Exhibit 10.56    
    

EMPLOYMENT AGREEMENT  

        This Agreement is entered into by and between Michael P. Fergus, currently residing at 6640 Springside Avenue, Downens Grove, Illinois 60516 referred to as
"Mr. Fergus", and Allied Van Lines, Inc., a corporation organized and existing under the laws of the State of Delaware, with its principal place of business located at 300 Park Plaza,
Naperville, Illinois 60563, referred to as "Allied". In consideration of the services rendered and to be rendered by Mr. Fergus to "Allied", the parties hereby agree as follows: 

I. EMPLOYMENT TERM  

        This Agreement shall commence immediately upon its execution by the parties and shall continue until terminated as hereafter provided. 

II. DUTIES  

        Effective 5th December 1994 and thereafter for the term hereof, Mr. Fergus shall diligently perform the duties of Chief Operating Officer of Allied.
Mr. Fergus in these capacities will serve faithfully and diligently under the direction of T.G. Larman, Finance Director of NFC plc, presently acting as Chairman of Allied Van Lines
Inc., or his successor, or other appropriate senior executive as determined by the Management Committee of NFC p.l.c., an England & Wales corporation ("NFC"), and will devote his full time and best
efforts to the performance of all such duties in an efficient, trustworthy, and business-like manner. 

III. COMPENSATION  

        Commencing 5th December 1994, Mr. Fergus's salary will be increased to $200,000 per year. This will be reviewed annually in accordance with the salary
review program then applicable to Allied Senior
Management. It is presently envisaged that the first such review will be January 1st 1996. Except as specified further in this agreement all other benefits and employment terms will remain the
same as those that applied to Mr. Fergus prior to this appointment. 

        This
Agreement is in lieu of Allied's severance arrangements or any other severance program as now now in effect or as it may be modified from time to time and Mr. Fergus hereby
waives his rights to any benefits under any such plan, program or arrangement. 

IV. OTHER EMPLOYMENT PROHIBITED; NONCOMPETITION; GIFTS  

        Mr. Fergus shall devote all of his employed working time solely to the duties set forth herein. Mr. Fergus shall not, during the term hereof, be interested
directly or indirectly, in any manner, as partner, officer, director, stockholder, advisor, employee, consultant or in any other capacity in any other business without the written consent of the
Chairman of Allied or his successor. In acting on requests for such consent, Mr. Fergus acknowledges and agrees that his covenants and obligations with respect to noncompetition,
nonsolicitation, confidentiality and use of Allied's property relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause
NFC or Allied or one of their affiliates irreparable injury for which adequate remedies are not available at law. Therefore, Mr. Fergus agrees that NFC or Allied shall be entitled to an
injunction, restraining order or such other equitable relief (without the requirement to post bond) restraining him from committing any violation of the covenants and obligations contained in this
Section IV. These injunctive remedies are cumulative and are in addition to any other rights and remedies NFC or Allied may have at law or in equity. In connection with the foregoing provision
of this Section IV, Mr. Fergus represents that his economic means will not prevent him from providing for himself and his family on a basis satisfactory to him. 

        Mr. Fergus
further agrees that neither he nor his immediate family will solicit or accept, and he will exercise reasonable efforts to prevent any relative from accepting, any
benefit or gift from an agent 

 

of
or businessman dealing with Allied or Merchants or any of their subsidiaries, other than appropriate benefits or gifts of modest value which are not likely to influence Mr. Fergus's
judgement or actions in performing his duties under this Agreement. 

V. TRADE SECRETS  

        Mr. Fergus shall not at any time nor in any manner, either directly or indirectly, divulge, disclose or communicate to any person, firm or corporation in
any manner whatsoever any trade secrets of NFC or any of its subsidiaries, including without limiting the generality of the foregoing, the names of its customers, the prices it obtains or has obtained
from the sale of or at which it sells or has sold, its products or services, or any information concerning manner of operation, plans, processes, advertising, or other data which is not generally
known to the public or industry and which has been previously identified to Mr. Fergus as confidential, the parties hereto stipulating that as between them, the same are important, material,
and confidential and gravely effect the effective and successful conduct of the business of NFC and its subsidiaries and its good will, and that any breach of the terms of this section shall be a
material breach of this Agreement. This Section V shall continue in effect beyond termination of this Agreement for so long as Mr. Fergus is in possession of any trade secrets (as set
forth above) of NFC or any of its subsidiaries. 

VI. TERMINATION FOR CAUSE BY ALLIED  

        This Agreement may be terminated by Allied for the causes described below in Subsections A through C of this Section VI upon the giving of notice as
provided in each subsection respectively. 

	A.
	DISHONESTY: Mr. Fergus may be terminated immediately by written notice, upon the conviction of Mr. Fergus for committing a
theft, embezzlement, or other criminally dishonest act which relates to NFC or any of its subsidiaries (hereinafter collectively referred to as "such dishonest act"), or upon Mr. Fergus's
admission or confession thereof. The employment of Mr. Fergus may be suspended without salary and with benefits "frozen" at the effective date of the suspension, immediately upon or at any time
after the indictment of, or return of criminal information against Mr. Fergus for any such dishonest act which relates to NFC or any of its subsidiaries. If Mr. Fergus is acquitted or
found "Not Guilty" of the alleged dishonest act Mr. Fergus shall be reinstated and his salary and benefits shall be paid and/or reinstated retroactively to the date of suspension. If convicted,
Mr. Fergus' termination date shall be deemed to be the date of the initial suspension. Mr. Fergus may be terminated on 30 days written notice, in the event that he is convicted of
any felony crime, whether or not related to NFC or any of its subsidiaries which in the judgement of T.G. Larman or his successors reflects adversely on NFC or any of its subsidiaries. Nothing
herein contained shall be construed to prevent or prohibit Allied from relieving Mr. Fergus from his duties, with full salary and benefit continuation, during the pendency of any governmental
investigation or legal proceeding relating to allegations of his dishonesty.

	B.
	FAILURE TO PERFORM: If for any reason, other than reasons due to physical or mental incapacity or disability, Mr. Fergus fails
and refuses to substantially perform the duties required of the position for which he is employed as described in Section II, Allied may terminate this Agreement following the giving of written
notice to Mr. Fergus that an alleged failure to perform has occurred and upon the failure of Mr. Fergus to cure such alleged failure to perform (by performing the duties required of the
position) within 30 days.

	C.
	BREACH OF TRUST: If Mr. Fergus violates the provisions of Section IV or V of this Agreement, Allied may terminate this
Agreement on 30 days written notice. 

        If
Mr. Fergus becomes permanently disabled, or in the event he dies prior to the expiration date of this Agreement, this Agreement shall terminate forthwith, and any earnings or
other benefits earned 

2

 

through
the date of disability or death shall inure to the benefit of Mr. Fergus or his beneficiaries as appropriate. 

        For
purposes of this Agreement, Mr. Fergus shall be deemed to have become permanently disabled if, because of ill health or physical or mental disability he is unable or unwilling
to substantially perform his duties hereunder for a period of six (6) months. 

        Sections
IV and V of this Agreement shall survive and remain in effect as set forth therein in the event of the termination of this Agreement for any of the reasons set forth in
Subsections A through C above. 

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   VII. TERMINATION FOR CAUSE BY MR. FERGUS  

        Mr. Fergus may terminate his employment at any time upon 14 days written notice in the event of the following: 

	A.
	The
failure of Allied to pay or cause to be paid Mr. Fergus's salary to him for a period of more than 30 days following the day when due.

	B.
	Any
material breach of this Employment Agreement by Allied following the giving of written notice by Mr. Fergus to Allied than an alleged breach has occurred and the failure by Allied
to cure such breach within 30 days.

	C.
	Should
Allied cease conducting its business, take any action looking toward its dissolution or liquidation, make an assignment for the benefit of its creditors, admit in writing its
inability to pay its debts as they become due, file a voluntary petition, or be the subject of an involuntary petition in bankruptcy which is not dismissed in 60 days, or be the subject of any
state or federal insolvency proceeding of any kind. This subsection (C) does not apply in the event of a restructuring of the business form of Allied following which the applicable company
would continue to conduct its business in a new and changed form. 

VIII. TERMINATION WITHOUT CAUSE  

        Either party hereto may, on one year's notice, terminate this Agreement. During the notice period, all obligations of the parties hereto shall continue in full
force and effect. Notwithstanding the foregoing, Allied may at any time, for any reason or for no reason, relieve Mr. Fergus of his duties hereunder, in which case, unless Section VII
hereof applies, Allied shall continue to perform or cause to be performed the payment and benefit obligations hereunder through the applicable termination date. Any amounts payable to
Mr. Fergus pursuant to the preceding sentence following termination of his employment and any amounts payable with respect to vested benefits under the terms of Allied's applicable employee
benefit plans and programs shall be in full and complete satisfaction of Mr. Fergus's rights under this
Agreement and any other claims he may have in respect of his employment by NFC or Allied or any of their respective subsidiaries or agents. Subject to Mr. Fergus's receipt of such amounts, the Company
shall be released and discharged from any and all liability to him in connection with this Agreement or otherwise in connection with his employment with Allied and any of its subsidiaries or
affiliates (including NFC). 

IX SUBSIDIARIES  

        References throughout this Agreement to the subsidiaries of NFC and of Allied include all corporations, partnerships and other entities in which NFC and Allied as
the case may be, own at least a majority of the voting interest, directly or indirectly through one of more subsidiaries. 

X ARBITRATION  

        Any dispute arising under, for breach of, or in any way related to this Agreement, if not resolved by mutual agreement, shall be subject to resolution by binding
arbitration. Any said arbitration shall be governed by the laws of the State of Illinois and the venue for any such proceeding shall be in the DuPage County, Illinois, unless otherwise agreed by the
parties. Any and all reasonable costs and fees, including but not limited to, attorneys' fees, incurred by either party in connection with any dispute under this Agreement shall be paid in full by the
non-prevailing party as determined by the arbitration. 

XI ENTIRE AGREEMENT  

        This Agreement contains the complete agreement concerning the employment arrangement between the parties and shall, as of the effective date hereof, supersede all
other agreements between 

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the
parties. The parties stipulate that neither of them has made any representations with respect to the subject matter of this Agreement and any representations including the executive and delivery
hereof except such representations as are specifically set forth herein and each of the parties hereto acknowledges that he or it has relied on his or its own judgement in entering into this
Agreement. The parties hereto further acknowledge that any representations that may have heretofore been made by either of them to the other are of no effect and that neither of them has relied
thereon in connection with his or its dealings with the other. No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained shall be valid unless in
writing and duly executed by the party to the charged therewith. 

XII. SEVERABILITY  

        All agreements and covenants contained herein are severable, and in the event any of them, with the exception of those contained in Sections I through III
hereof, shall be held to be invalid by any competent court, this Agreement shall be interpreted as if such invalid agreement or covenants were not contained herein. 

XIII. LAW GOVERNING  

        This Agreement is to be performed principally at Allied's offices in Naperville, Illinois, and shall be governed by and construed according to the laws of the
State of Illinois. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day of 

	 	 	

/s/  MICHAEL P. FERGUS      
 Michael P. Fergus
	

 	
 	

DATE:	

January 11, 1995

	T.G. Larman

NFC plc	 	 	 

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Exhibit 10.56

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