Document:

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                                                                Exhibit 10.78

                              EMPLOYMENT AGREEMENT

          AGREEMENT made effective this 19th day of June, 1998 between
  INSURANCE MANAGEMENT SOLUTIONS, INC., a Florida corporation, which
  corporation, together with its subsidiary companies, shall hereinafter be
  referred to as "Company" and Robert G. Gantley of Bradenton, Florida,
  hereinafter referred to as "Employee".

                               R E C I T A L S :
                               - - - - - - - -

         1.       Company is engaged in the business of providing comprehensive
outsourcing services to the property and casualty insurance industry with an
emphasis on providing full third party administration outsourcing services for
flood insurers and is also a provider of flood zone determination and ancillary
services primarily to insurance companies and financial institutions throughout
the State of Florida and such other states as the Company shall deem
appropriate.

         2.       The Company's business requires secrecy in connection with
the methods and systems employed, and, for the proper protection of the
Company, it is absolutely necessary and essential (which necessity Employee
expressly recognizes) that all matters connected with, arising out of, or
pertaining to the business of the Company, its methods and systems and the
names of its customers be kept secret and confidential as goodwill belonging
to the Company.

         3.       The Company will sustain great loss and damage, if during the
term of this Agreement, or for a period of two (2) years immediately following
its termination for any reason whatsoever, the Employee should, for himself or
herself, or on behalf of any other person, persons, company, partnership or
corporation, call upon the customers or clientele of the Company for the
purpose of soliciting, selling or servicing any of the programs or services of
the Company as described in Section 1 hereof, or the solicitation of any
Company employee for the purpose of hiring such employee, for which loss and
damage, by reason of his or her financial circumstances, Employee could not be
compelled by law to respond to damages in any action at law.

        NOW, THEREFORE, Company and Employee, in consideration of the covenants
and agreements herein contained and in further consideration of the benefits
and advantages flowing from each to the other, covenant and agree as follows:

SECTION 1.  EMPLOYMENT OF EMPLOYEE. Company hereby agrees to employ Employee as
Vice President - Claims.

SECTION 2.  EMPLOYEE'S BEST EFFORTS. Employee hereby accepts employment by
Company, and agrees to devote his or her entire time and best efforts to this
employment. Employee agrees to perform such other duties as are customarily
performed by one holding such position in other, same or similar businesses as
that engaged in by Company, and shall also render such other and unrelated
services and duties as may be assigned to him or her from time to time by
Company.

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SECTION 3.  TERMS OF EMPLOYMENT.

         (a)      Company and Employee understand and agree that the term of
employment of this Agreement shall be for a period of three years from the date
hereof and thereafter shall continue indefinitely until terminated by either
party pursuant to the terms herein.

         (b)      Said employment may be terminated by the Company with cause,
and no notice or severance is owed. Involuntary termination with cause is
defined as a dismissal at any time based on failure to conform to the
conditions of employment, material breach of this Agreement, gross misconduct
or willful violation of Company policy or procedure as outlined in Section 2.12
on Involuntary Termination contained in the Company's Human Resources Policies
and Procedures Manual, as amended from time to time.

         (c)      In the event this Agreement is terminated by the Company
without cause during the initial three year term, then the Employee shall be
entitled to any payments payable under Section 4 which have been earned but not
yet paid, and in addition, Employee shall be entitled to severance pay equal to
Employee's then current salary payable in accordance with the Company's usual
payroll practices for a period equal to twelve (12) months (the "Severance
Payment"). In the event that Employee is entitled to a Severance Payment
pursuant to this Section 3(c) and Employee secures employment at any time
during the twelve (12) months following termination (the "Severance Period"),
then the Company shall be entitled to a credit against its obligations to make
the Severance Payment in the amount up to seventy-five percent (75%) of
Employee's base salary during the Severance Period paid to him by his new
employer.

         (d)      Notwithstanding anything contained herein to the contrary, in
the event Company shall discontinue operating its business, then this Agreement
shall terminate as of the last day of the month on which Company ceases
operations with the same force and effect as if such last day of the month
were originally set as the termination date hereof.

SECTION 4.  EMPLOYEE'S COMPENSATION AND EXPENSES.

         (a)      As compensation for the service to be performed by Employee
under this Agreement, Company shall pay Employee, and Employee shall accept
from Company, a base salary of $115,000.00 dollars ($115,000.00) per annum paid
on a bi-weekly basis.

         (b)      In addition to the base salary, Employee may be entitled to
earn additional compensation pursuant to a bonus plan, and an employee stock
option plan. If Employee is eligible for either a bonus plan or the stock
option plan, copies of the plan will be provided to Employee.

         (c)      The Employee shall be provided the same benefits and on the
same basis as other employees of the Company including, but not limited to, the
401(k) plan, life insurance, disability insurance and health insurance.

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         (d)      Employee's salary, bonuses and allowances may be modified, as
agreed upon between Employee and Company, from time to time, and any such
modifications made during the term of this Agreement shall be incorporated as
part of the Agreement.

         (e)      Company shall reimburse Employee for all other reasonable,
ordinary and necessary expenses incurred by Employee on Company's behalf
pursuant to Company's directions and subject to Company's restrictions and
requirements.

SECTION 5.  FUNDS COLLECTED BY EMPLOYEE. Employee does explicitly understand
and agree that all funds received by him on behalf of Company, as may be
authorized by Company from time to time, shall be held in trust by Employee and
shall immediately be remitted to Company by Employee. Additionally, Employee
shall be responsible for any and all technical data, books, equipment, or other
property of Company which may come into his possession by reason of his or her
employment. In the event this employment is terminated for any reason
whatsoever, Employee shall immediately turn in to Company and account for all
such funds, equipment and property which may be in the possession of Employee
at such termination.

SECTION 6.  RESTRICTIVE COVENANTS,

         (a)      Covenant not to Compete. The Employee hereby expressly
covenants and agrees, which covenants and agreements are of the essence of this
contract, that he or she will not, during the term of this Agreement and for a
period of two (2) years immediately following the termination of this
Agreement, for any reason whatsoever, directly or indirectly, for himself or
herself, or on behalf of, or in conjunction with, any other person, persons,
company, partnership or corporation:

                  (1)      call upon any customer or customers of Company
                           solicited or contacted by Employee while at the
                           Company or whose account was serviced by Employee
                           while at the Company, pursuant to his or her
                           employment hereunder, for the purpose of soliciting,
                           selling or servicing any programs or services of the
                           type sold and serviced by Company during the term
                           hereof within the State of Florida and such other
                           states in which the Company shall conduct business;

                  (2)      nor will Employee divert, solicit or take away any
                           customer or customers of Company or the business or
                           patronage of any such customers of the Company for
                           the purpose of selling or servicing any programs or
                           services of the type sold and serviced by Company
                           during the term hereof;

                  (3)      nor will Employee call upon any prospective customer
                           or customers of the Company, solicited or contacted
                           by Employee or Employee's staff pursuant to his or
                           her employment hereunder, for the purpose of
                           soliciting, selling or servicing programs or
                           services of the type sold and serviced by Company
                           during the term hereof within the State of Florida
                           and such other states in which the Company shall
                           conduct business. For purposes of this Agreement, it
                           is agreed between the parties hereto that
                           prospective customers are defined as those called
                           upon by Employee or by Employee's staff two (2)
                           times or more during any part of the six

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                           (6) month period next preceding the termination of
                           this Agreement for any reasons whatsoever, or those
                           prospective customers as listed by Employee or by
                           Employee's staff as active potential prospects on
                           Employee's weekly or monthly sales call reports
                           submitted to Company during any part of the six (6)
                           month period next preceding the termination of this
                           Agreement for any reasons whatsoever;

                  (4)      nor upon termination of Employee's employment from
                           Company, whether by resignation, discharge, or
                           otherwise, and for a period of two (2) years from
                           the date of termination, shall Employee, directly or
                           indirectly, for himself or herself or on behalf of,
                           or in conjunction with, any other person, persons,
                           company, partnership or corporation: solicit,
                           approach, or call upon any Company employee for the
                           purpose of retaining or hiring the Company employee
                           in any capacity. In the event of a breach or
                           threatened breach by Employee of the provisions of
                           this paragraph, Company shall be entitled to an
                           injunction restraining Employee from directly or
                           indirectly soliciting, approaching, or calling upon
                           any Company employee for the purpose of retaining or
                           hiring the Company employee in any capacity and/or
                           in fact hiring the Company employee in any capacity;
                           and, in addition to obtaining an injunction, Company
                           shall be entitled to recover damages from Employee.
                           In the event any Court determines the specified time
                           period to be unreasonable, arbitrary, or against
                           public policy, a lesser time period which is
                           determined to be reasonable, non-arbitrary and not
                           against public policy may be enforced against
                           Employee by injunction, as well as by all other
                           legal remedies available to Company. In the event of
                           any legal action in connection with this agreement,
                           the prevailing party shall be entitled to recover
                           all of its legal expenses, including reasonable
                           attorney's fees and costs, whether the same are
                           incurred in connection with trial or during an
                           appeal and to have the same awarded as part of the
                           judgment in the proceeding in which such legal
                           expenses and attorney's fees were incurred.

         (b)      Nondisclosures. Employee recognizes and acknowledges that the
list of the Company's customers, trade secrets, data processing systems,
computer software, computer programs, or other systems, data, methods, or
procedures developed or used by the Company, as they may exist from time to
time, are valuable, special and unique assets of the Company's business. The
Employee will not, during or after the term of his or her employment without
the prior written consent of the Company, which consent may be arbitrarily
withheld, and except to the extent necessary to accomplish assignments on
behalf of the Company in which the Employee is, at any given time during the
term of Employee's tenure with the Company, currently and actively engaged,
possess, transmit, copy, reproduce, or disclose the list of the Company's
customers or any part thereof or any of the Company's present or future trade
secrets, or any data processing systems, computer software, computer programs
or other systems, data, methods, or procedures to any person, firm,
corporation, association, or any other entity for any reason or purpose
whatsoever, nor will the undersigned assist anyone else to do so. In the event
of a breach or threatened breach by Employee of the provisions hereof, the
Company shall be entitled to an injunction restraining Employee from
disclosing, in whole or in part, the list of the Company's customers or the
Company's trade secrets, or from rendering any services to

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any person, firm, corporation, association, or other entity to whom such list
or such trade secrets, in whole or in part, has been disclosed or is threatened
to be disclosed and requiring the return to the Company of all copies of
customer lists, manuals, data, software, computer programs, or written
procedures in the possession of Employee. Nothing herein shall be construed as
prohibiting the Company from pursuing any other remedies available to it for
such breach or threatened breech, including the recovery of damages from the
Employee. The existence of any claim or cause of action of Employee against the
Company shall not constitute a defense to the enforcement by the Company of
this covenant. No failure of the Company to exercise any right given hereunder
shall be taken or construed as a waiver of its right to seek any remedies by
reason of any past, present, or future breaches of the Agreement on the part of
Employee.

SECTION 7.  SEVERABILITY OF RESTRICTIVE COVENANTS. Company and Employee agree
that the restrictive covenants contained in Section 6, or any of its
sub-paragraphs, are severable and separate and the unenforceability of any
specific covenant therein shall not affect the validity of any other covenants
set forth therein. These covenants on the part of the Employee shall be
construed as an agreement independent of any other provision of this Agreement,
and the existence of any claim or cause of action of the Employee against
Company, whether predicated on this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Company of said covenants.
Employee agrees and acknowledges that any violation by Employee of the
covenants set forth in Section 6 hereof would cause irreparable damage to
Company, and Employee further agrees that upon proof of the existence of such a
violation of the covenants set forth in said Section 8 hereof Company will be
entitled to injunctive relief against the Employee by any Court of competent
jurisdiction. In the event any Court of competent jurisdiction should determine
that the territorial restrictions set forth in Section 6 hereof, and/or their
durations, are unreasonable in their scope, then, and in that event, the
territorial restrictions, and/or their duration, shall be limited to such
territory and/or duration as may be determined reasonable by a Court of
competent jurisdiction.

SECTION 8.  ATTORNEY'S FEES. The parties hereto agree that, in the event of any
legal action in connection with this Agreement, the prevailing party shall be
entitled to recover all of its legal expenses, including reasonable attorney's
fees and costs, whether the same are incurred in connection with trial or
appeal, and to have the same awarded as part of the judgment in the proceeding
in which such legal expenses and attorney's fees were incurred.

SECTION 9.  CHOICE OF LAW AND VENUE. This agreement shall be construed according
to the laws of the State of Florida, without regard to choice of law
provisions. Venue to resolve any dispute under this Agreement shall be Pinellas
County, Florida.

SECTION 10. INVALIDITY OF PRIOR AGREEMENTS. This Agreement supersedes all prior
agreements and understandings between Employee and Company and this Agreement
expresses the whole and entire agreement between the parties with reference to
Employee's employment and it cannot be modified or changed by any oral or
verbal promise by whomsoever made, nor shall any written modification of it be
binding on Company until such written modification shall have been approved in
writing by the President of the Company.

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SECTION 11. SEVERABILITY. All agreements and covenants contained herein are
severable and, in the event any of them shall be held to be invalid, illegal or
unenforceable by any competent Court, this contract shall be interpreted as if
such invalid, illegal or unenforceable agreement or covenants were not contained
herein.

SECTION 12. NON-WAIVER OF RIGHTS. All of the rights of Company and Employee
hereunder shall be cumulative and not alternative, but a waiver or indulgence
on the part of Company or Employee of any rights or entitlement hereunder shall
not be construed as a waiver of an other rights or entitlements hereunder by
either Company or Employee. No notice shall be required by Company or Employee
to enforce strict adherence to all the terms of this agreement.

SECTION 13. MISCELLANEOUS PROVISIONS. The provisions of this Agreement shall
extend to the successors, surviving corporations and assigns of Company.
Singular and masculine pronouns shall include plural, feminine, and artificial
persona and entities whenever the context permits.

SECTION 14. EMPLOYEE'S ACKNOWLEDGEMENT. Employee certifies that he is over
twenty-one (21) years of age and hereby acknowledges having read the entire
contents of this Agreement before signing his name below and that he has
received a copy hereof for his use.

         IN WITNESS WHEREOF, the Company and Employee have affixed their hands
and seals on this, the day and year first above written, the Company acting
through its duly authorized officers.

Signed, Sealed and Delivered in the Presence of:

WITNESSES:                                 "COMPANY"

                                           Insurance Management Solutions, Inc.

                                           By: /s/ David K. Meehan
                                              --------------------------------
----------------------------------                 David K. Meehan

                                           As Its: Chairman
----------------------------------                ----------------------------

                                           Date:   6/22/98
                                                ------------------------------

WITNESSES:                                 "EMPLOYEE"

                                           By: /s/ Robert G. Gantley
                                              --------------------------------
----------------------------------                 Robert G. Gantley

                                           Date:   6/19/98
----------------------------------              ------------------------------

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                                                                   Exhibit 10.79

                        RELEASE AND SEPARATION AGREEMENT

         THIS RELEASE AND SEPARATION AGREEMENT ("AGREEMENT"), by and between
INSURANCE MANAGEMENT SOLUTIONS GROUP, INC., a Florida corporation, and its
subsidiaries and affiliates (collectively, the "Company") whose address is 360
Central Avenue, St. Petersburg, Florida 33701, and CHRISTOPHER P. BREAKIRON
("Releasor") whose address is 2415 Pelham Road North, St. Petersburg, FL 33710,
to be effective this 12th day of April, 2001 ("Effective Date").

         WHEREAS, Company employed Releasor as Vice President of the Company;
and

         WHEREAS, the Company's employment relationship with Releasor was an
employment at will arrangement, and the Company has the right to terminate
Releasor at any time with or without cause; and

         WHEREAS, the Company and Releasor wish to terminate the employment
relationship on a reasonable basis and provide Releasor with termination
benefits that will assist in Releasor's transition to another position outside
of the Company; and

         WHEREAS, Releasor and Company also desire to resolve and finally
settle any disputed claims, including, but not limited to, all claims arising
out of Releasor's employment with Company prior to the term of this Agreement,
or the termination of such employment, and to spell out the terms of this
settlement.

         NOW, THEREFORE, in and for the consideration of the mutual covenants
and agreements contained herein, and in further consideration of the benefits
and advantages flowing from each party to the other, the receipt and
sufficiency of which is hereby acknowledged, the Company and Releasor hereby
covenant and agree as follows:

I.       COMPANY'S PROMISES:

         A.       Company will pay Releasor a sum ("Severance Payment") of
                  SEVENTY FOUR THOUSAND NINE HUNDRED AND NINETY NINE AND 99/100
                  DOLLARS ($74,999.99), less applicable taxes and all other
                  customary withholdings. The above amount shall be paid by
                  Company (in the ordinary course of business, through
                  Company's payroll system) to Releasor in thirteen (13) equal
                  bi-weekly installments of FIVE THOUSAND SEVEN HUNDRED AND
                  SIXTY NINE AND 23/100 DOLLARS ($5,769.23) over a thirteen (13)
                  week period ("Severance Period") beginning on the first full
                  pay period completed following May 15, 2001 ("Separation
                  Date"). The Company will also make additional severance
                  payments ("Additional Severance Payments") for a period of
                  three additional months ("Extended Severance Period") if
                  Releasor is unable to secure comparable employment under
                  similar terms and conditions during the Extended Severance
                  Period. ADDITIONAL SEVERANCE PAYMENTS PAID BY COMPANY TO
                  RELEASOR DURING THE EXTENDED SEVERANCE PERIOD SHALL TOTAL
                  THIRTY SEVEN THOUSAND FIVE HUNDRED AND 00/100 DOLLARS
                  ($37,500.00), LEES APPLICABLE TAXES AND ALL OTHER CUSTOMARY
                  WITHHOLDINGS. The above amount shall be paid by Company to
                  Releasor in six (6) equal bi-weekly installments of Five
                  Thousand Seven Hundred and Sixty Nine and 23/100 Dollars
                  ($5,769.23), commencing on the next regularly scheduled
                  payroll date following payment of the final Severance Payment
                  due in connection with the initial Severance Period, and one
                  (1) final installment of Two Thousand Eight Hundred Eighty
                  Four and 62/100 ($2,884,62).

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                  HOWEVER, UNDER NO CIRCUMSTANCES SHALL ADDITIONAL SEVERANCE BE
                  PAID AFTER THE NINE (9) MONTH ANNIVERSARY OF THE SEPARATION
                  DATE.

                  Releasor shall be entitled to the Severance Payments and
                  Additional Severance Payments payable pursuant to this
                  Agreement provided Releasor is in full and timely compliance
                  with the material terms and conditions of this Agreement.
                  Provided further, in the event that Releasor secures
                  employment at any time during the Extended Severance Period,
                  then the Company shall be entitled to a credit against its
                  obligations to make the Additional Severance Payments during
                  the Extended Severance Period in the amount of up to one
                  hundred percent (100%) of base salary paid to Releasor
                  during the Extended Severance Period by his new employer.

         B.       Releasor shall be eligible to purchase continued health
                  insurance coverage from the Company in accordance with the
                  Company's health insurance plan guidelines and COBRA
                  guidelines.

         C.       Releasor shall not be entitled to receive any other
                  compensation or benefits from Company, including but not
                  limited to, any and all compensation for unpaid vacation or
                  sick time that may have accrued during Releasor's employment
                  with Company.

         D.       The Company agrees to keep this Agreement strictly
                  confidential. This promise includes information regarding the
                  terms of the Agreement and any discussions among the Parties
                  leading up to this Agreement. The Company further agrees that
                  it will:

                  1.       Not provide or disclose the Agreement and/or any
                           information concerning this Agreement or the
                           negotiations leading to this Agreement to anyone
                           other than its professional representatives, such as
                           attorneys and accountants, and, even as to such
                           persons, only if such persons are informed of and
                           agree to be bound by this confidentiality
                           requirement; and

                  2.       Not disparage the reputation, character or name of
                           Releasor in any way, to any person or entity; and

                  3.       Inform its officers, directors and employees of
                           their obligations under this section; and

                  4.       Provide a favorable recommendation regarding
                           Releasor's employment history with Company to any
                           party requesting such information.

                  This Section shall not prohibit disclosure of the terms,
                  amount or existence of this Agreement to the extent legally
                  necessary to enforce this Agreement or to the extent
                  otherwise legally required.

         E.       Company irrevocably and unconditionally waives, releases, and
                  forever disclaims all real or perceived claims, demands,
                  causes of action, obligations, liabilities, damages, losses,
                  suits, debts, liens, contracts, agreements, promises, rights,
                  controversies, cost, or expenses of any kind or nature,
                  whether known or unknown, suspected or unsuspected fixed or
                  contingent (hereinafter, collectively "claim" or "claims")
                  against Releasor which Company is entitled or at any time
                  prior hereto may have had against Releasor, resulting

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                  from or based on anything which has occurred prior to the
                  Separation Date, EXCEPT (1) any claims related to Releasor's
                  failure to pay any loans or other debts to Company or its
                  subsidiaries, (2) any claims arising from or as a result of
                  fraud or deceit by Releasor while employed by Company, and
                  (3) any claims as a result of any failure of performance
                  under this Agreement.

         F.       Releasor's last day of full time employment with the Company
                  shall be April 17, 2001. Thereafter, from the period
                  beginning on April 18, 2001 and ending on May 15, 2001,
                  Company will employ Releasor as a consultant to perform the
                  consulting services specified in the Consulting Agreement
                  which is attached hereto as Exhibit "B".

II.      RELEASOR PROMISES:

         A.       Releasor's employment in all capacities with the Company is
                  hereby terminated and Releasor will execute contemporaneously
                  with the execution of this Agreement a resignation from all
                  offices and positions, substantially in the form of Exhibit
                  "A" attached hereto and made a part hereof, to be effective
                  as of April 17, 2001. Provided further, Releasor will not
                  seek or accept any employment or any contractual or
                  independent contractor relationship with Company or any of
                  Company's current subsidiaries, divisions, parents or
                  affiliates at any time hereinafter except as specifically
                  provided for herein.

         B.       Releasor hereby waives, terminates and otherwise releases any
                  and all of Releasor's right, title and interest in and to any
                  and all present or future options or agreements for Releasor
                  to purchase or otherwise acquire stock in the Company and/or
                  any of Company's subsidiaries and affiliates.

         C.       Releasor irrevocably and unconditionally waives, releases and
                  discharges Company, its current subsidiaries, divisions,
                  parents, affiliates, predecessors, successors and assigns,
                  and their respective principals, directors, officers,
                  employees, agents, attorneys, and others acting in concert
                  with the foregoing (collectively, "Released Parties") from
                  and against any and all legal, equitable, or administrative
                  claims, known and unknown, contingent or otherwise, that
                  Releasor may have or believes to have against any or all such
                  Released Parties arising on or before the Separation Date,
                  including but not limited to, any and all claims arising from
                  Releasor's employment with or separation from Company (except
                  for any dispute arising out of the performance or enforcement
                  of this Agreement) and arising from Releasor's term as an
                  officer of Company. This release specifically includes, but
                  is not limited to, any claims arising under the Florida Civil
                  Rights Act, the Federal Civil Rights Act of 1866, 1871, 1964
                  and 1991 (respectively), the Fair Labor Standards Act, the
                  Equal Pay Act, the Employee Retirement Income Security Act
                  (except as to any vested retirement benefits), the
                  Occupational Safety and Health Act, the American with
                  Disabilities Act, the Family Medical Leave Act; any workers
                  compensation law dealing with work related injuries or
                  illness, any unemployment benefits law dealing with
                  unemployment benefit claims, and all other claims
                  (negligence, breach of contract, fraud, deceit, outrage,
                  etc.) arising under federal, state, or local statutes, common
                  law, or ordinances, including but not limited to the federal
                  Age Discrimination in Employment Act. This release also
                  includes but is not limited to a release of and from any and
                  all claims for tortious conduct, wrongful discharge or for

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                  attorneys' fees and costs arising from or in any manner
                  related to the activities covered by this Agreement.

         D.       Releasor agrees to keep this Agreement strictly confidential,
                  including without limitation, any and all information
                  regarding the terms of this Agreement and any discussions and
                  negotiations among the parties hereto regarding this
                  Agreement. Releasor further agrees that Releasor will not:

                  1.       provide or disclose any terms of this Agreement
                           and/or any information concerning this Agreement or
                           the negotiations involving this Agreement to anyone
                           whomsoever; provided, however, Releasor may disclose
                           such information to Releasor's spouse or
                           professional representative, such as attorneys and
                           accountants, on the specific condition that such
                           person(s) is/are informed of and agree to be bound
                           by this confidentiality requirement; and

                  2.       disparage the reputation, character or name of
                           Company and Company's affiliates and subsidiaries in
                           any manner whatsoever to any person or entity.

                  This Section shall not prohibit disclosure of the terms,
                  amount or existence of this Agreement to the extent legally
                  necessary to enforce this Agreement or to the extent
                  otherwise legally required. If Releasor or Releasor's counsel
                  receives a subpoena or request to produce this Agreement or
                  testify concerning it in any court or legal proceeding,
                  Releasor agrees to notify Company before responding to such
                  subpoena or request and, in the absence of any judicial order
                  to the contrary, to afford Company an opportunity to assert
                  any objection it may have before Releasor appears to testify
                  or produces this document.

         E.       Releasor promises never to file a charge, claim or lawsuit,
                  asserting any claims that are released in Section II.C. or to
                  seek or accept any relief for any such claim. Moreover,
                  Releasor agrees that if Releasor breaks the promise contained
                  in this Section II.C. and files a lawsuit based on legal
                  claims Releasor has released herein, Releasor shall pay any
                  and all costs incurred in defending the claim by any of the
                  Released Parties, including, without limitation, reasonable
                  attorneys' fees and expenses.

         F.       Releasor represents and agrees that all Company products,
                  customer correspondence, internal memoranda, products and
                  designs, sales brochures, training manuals, project files,
                  price lists, customer and vendor lists, prospectus reports,
                  customer or vendor information, sales literature, notebooks,
                  textbooks, existing and contemplated business and financial
                  methods, concepts, practices, and know-how, plans, pricing,
                  marketing and selling techniques and information, employee
                  lists and records, customer credit ratings and credit
                  histories, and all other like information, documents or
                  products, including all copies, duplications, replications,
                  and derivatives of such information, documents or products
                  (collectively, "Confidential Information"), now in the
                  possession of Releasor or acquired by Releasor while in the
                  employ of Company, are and shall remain the exclusive
                  property of Company and shall be returned to legal counsel
                  for Company no later than the fifth (5th) day after the
                  Separation Date (the foregoing provision being a condition
                  precedent to Company's obligation to make any payment to
                  Releasor hereunder). Further, Releasor will not, directly or
                  indirectly, disclose any Confidential Information to any
                  person or entity unless such disclosure is authorized in
                  advance and

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                  in writing by Company and Releasor will not, directly or
                  indirectly, use any Confidential Information in any manner
                  whatsoever. The term Confidential Information means all
                  information about the Company and or its customers that was
                  provided to Releasor, whether such information is conveyed
                  directly by the Company or otherwise. The term Confidential
                  Information does not include information that (i) is or
                  becomes available to the public other than as a result of
                  disclosure by Releasor, (ii) was within Releasor's possession
                  prior to being furnished to Releasor by the Company, provided
                  that the source of such information was not known by Releasor
                  to be bound by a confidentiality agreement with the Company
                  or (iii) becomes available to Releasor on a non-confidential
                  basis and lawfully from a source other than the Company or
                  any of this representatives, provided that such other source
                  is not bound by a confidentiality agreement with the Company.
                  Notwithstanding the foregoing, this Section shall not
                  prohibit disclosure of Confidential Information to the extent
                  otherwise legally required.

III.     ARBITRATION OF DISPUTES:

         A.       The parties agree that any dispute about the validity,
                  interpretation, effect or alleged violations of this
                  Agreement ("Arbitrable Dispute") between Releasor and any
                  Release Parties, must be submitted to final and binding
                  arbitration in Tampa, Florida before an experienced
                  employment arbitrator licensed to practice law in Florida and
                  selected in accordance with the Employment Dispute Rules of
                  the American Arbitration Association. The arbitrator may not
                  modify or change this Agreement in any way.

         B.       Each party shall pay the fees of their respective attorneys,
                  the expenses of their witnesses and any other expenses
                  connected with the arbitration, but all other costs of the
                  arbitration, including the fees of the arbitration, cost of
                  any record or transcript of the arbitration, administrative
                  fees and other fees and costs shall be paid in equal shares
                  by Releasor and Company. The party losing the arbitration
                  shall reimburse the party who prevailed for all expenses the
                  prevailing party paid pursuant to the preceding two
                  sentences.

         C.       Arbitration in this manner shall be the exclusive remedy for
                  any Arbitrable Dispute. The arbitrator's decision or award
                  shall be fully enforceable and subject to an entry of
                  judgment by a court of competent jurisdiction. Should
                  Releasor or Company attempt to resolve an Arbitrable Dispute
                  by any method other than arbitration pursuant to this
                  Section, the responding party shall he entitled to recover
                  from the initiating party all damages, expenses and
                  attorneys' fees incurred as a result and the responding party
                  shall be entitled to the return of any payments that party
                  made under this Agreement.

         D.       Notwithstanding the foregoing, a dispute relating to alleged
                  violations of Section I.D.(1) and II.D.(1) involving the
                  disclosure of the existence, terms or amounts of this
                  Agreement, may be resolved through a means other than
                  Arbitration.

IV.      RESTRICTIVE COVENANTS:

         A.       Releasor hereby expressly covenants and agrees, which
                  covenants and agreements are the essence of this Agreement,
                  that Releasor will not, for a period of one year from the

                                       5
<PAGE>   6

                  Separation Date, for any reason whatsoever, directly or
                  indirectly, on Releasor's behalf or on behalf of or in
                  conjunction with any other person, persons, company,
                  partnership, corporation, association, trust or joint
                  venture, whether as an individual, partner, officer,
                  director, employee, advisor, Releasor, agent, representative
                  of a corporation, trustee or fiduciary:

                  1.       Counsel, solicit, or attempt to induce any person
                           employed by Company (or any of Company's affiliated
                           or related companies), whether that employee is a
                           full time employee, part time employee, or
                           independent contractor, to terminate Releasor's
                           employment with Company;

                  2.       Provide goods or services to any EXISTING CUSTOMERS
                           of Company (or any of Company's affiliated or
                           related companies) through any entity other than
                           Company (or party of Company's affiliated or related
                           companies) in competition with the business of
                           Company (or any of Company's affiliated or related
                           companies), as such business now exists or as it may
                           exist at the time of termination of this Agreement.
                           For the purposes of this Agreement, the term
                           "Existing Customers" shall mean any entity, whether
                           a corporation, partnership, limited liability
                           company, joint venture, association, or other
                           business organization to which Company (or any of
                           Company's affiliated or related companies) has,
                           within the one (1) year immediately preceding the
                           termination of Releasor's employment with Company:
                           (a) agreed to provide goods and services; or (b)
                           provided goods and services.

                  The Company and Releasor agree that the restrictive covenants
                  contained in this Section IV, or any of its sub-paragraphs,
                  are reasonable and necessary restraint of trade and does not
                  violate the Sherman Antitrust Act, the Florida Antitrust Act,
                  or the common law, and that each restrictive covenant is
                  supported by a valid business interest. The Company and
                  Releasor also agree that the restrictive covenants contained
                  in this Section, or any of its sub-paragraphs, are severable
                  and separate and the illegality, invalidity, or
                  unenforceability of any specific covenant therein shall not
                  affect the legality, validity or enforceability of any other
                  covenants set forth herein. These covenants on the part of
                  Releasor shall be construed as an agreement independent of
                  any other provision of this Agreement, and the existence of
                  any claim or cause of action of Releasor against the Company,
                  whether predicated on this Agreement or otherwise shall not
                  constitute a defense to the enforcement by the Company of
                  said covenants.

                  Releasor agrees and hereby acknowledges that any violation by
                  Releasor of the covenants set forth in this Section IV may
                  cause damage to the Company, and Releasor further agrees that
                  upon proof of the existence of such a violation of the
                  covenants set forth in this Section, the Company will be
                  entitled to injunctive relief against Releasor by any Court
                  of competent jurisdiction.

V.       MISCELLANEOUS TERMS AGREED TO BY THE PARTIES:

         In exchange for the mutual promises made by the parties hereto, the
         parties mutually agree to the following additional terms:

                                       6
<PAGE>   7

         A.       This Agreement, and performance under its terms, shall be
                  governed in all respects by the law of Florida without regard
                  to its law concerning choice of laws.

         B.       By entering into this Agreement, Company and Releasor do not
                  admit to violating any state, federal, or local laws, or to
                  any wrongful conduct of any kind. Company and Releasor
                  expressly deny any wrongdoing or violation of any law. This
                  Agreement shall not be admissible as evidence of an admission
                  of liability, wrongdoing or a violation of any law by Company
                  (including Company's agents or employees) or Releasor in any
                  proceeding under any federal, state or local law.

         C.       This Agreement contains the entire and only agreement between
                  Company and Releasor on any subject encompassed herein. Both
                  parties waive any oral or written promises or assurances that
                  are not contained in this Agreement, other than claims to
                  vested pension benefits.

         D.       The provisions of this Agreement are severable. If any part
                  of it is found to be unenforceable, all other provisions
                  shall remain fully valid and enforceable.

         E.       This agreement shall bind Releasor's heirs, administrators,
                  representatives, executors, successors and assigns, and shall
                  inure to the benefit of all Released Parties and their
                  respective heirs, administrators, representatives, executors,
                  successors and assigns.

         F.       All paragraph headings are for reference purposes only and
                  are not intended to alter the meaning or interpretation of
                  any provision.

         G.       All of the rights of the Company and Releasor hereunder shall
                  be cumulative and not alternative. A waiver or indulgence on
                  the part of the Company or Releasor of any rights or
                  entitlements hereunder shall not be construed as a waiver of
                  any other rights or entitlements hereunder by either the
                  Company or Releasor. In the event that a material breach
                  occurs or that a material breach is alleged, the injured
                  party shall give the breaching party written notice of their
                  intention to terminate this Agreement. The notice shall
                  specify the nature of the material breach and shall give the
                  breaching party fifteen (15) days to cure such material
                  breach. If the material breach is not cured within the time
                  allowed, this Agreement shall automatically terminate without
                  further notice and the injured party may pursue any and all
                  legal remedies available.

VI.      RELEASOR'S ACKNOWLEDGMENTS AND ASSURANCES TO COMPANY:

         This Agreement is a legal document with legal consequences. Company
         wants to be certain that Releasor fully understands the legal effect
         of signing this Agreement. Releasor, therefore, makes the following
         assurances to Company:

         A.       Releasor has read this Agreement and understands all of its
                  provisions. Releasor has had a full twenty-one (21) days
                  within which to consider this Agreement before executing it,
                  or has voluntarily waived such time period to obtain the
                  payments set forth in Section I.A.

         B.       Releasor voluntarily enters into this Agreement, which is
                  contractual in nature and contains a release of all known and
                  unknown claims.

                                       7
<PAGE>   8

         C.       Releasor has been given reasonable time to review this
                  Agreement, and has consulted with Releasor's lawyer
                  concerning the terms of this Agreement. Releasor acknowledges
                  that Releasor is executing this Agreement freely and
                  voluntarily, solely because Releasor has already fully and
                  carefully considered this Agreement before signing it.

         D.       Releasor has the capacity to execute this Agreement and be
                  bound by it.

         E.       Releasor understands that rights or claims by either party
                  that may arise after the date this Agreement is executed are
                  not waived.

                                       8
<PAGE>   9

PLEASE READ THIS AGREEMENT CAREFULLY. IT CONTAINS A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first set forth above.

RELEASOR:

/s/ Chris P. Breakiron
------------------------------------------
Chris P. Breakiron

SWORN TO AND SUBSCRIBED BEFORE ME THIS 12th DAY OF APRIL, 2001.

/s/ Gail T. Basile
------------------------------------------            [NOTARY SEAL]
Notary Public

My Commission Expires: April 12, 2004

COMPANY:

INSURANCE MANAGEMENT SOLUTIONS GROUP, INC.

By: /s/ D. M. Howard
   ---------------------------------------
        D. M. Howard

Title:  President/CEO
      ------------------------------------

                                       9
<PAGE>   10

                                  Exhibit "A"

                            RESIGNATION FROM OFFICE

         I, Chris P. Breakiron, do hereby resign and any and all offices that I
may hold or have held in Insurance Management Solutions Group, Inc., a Florida
corporation or any of its subsidiaries or affiliates including, but not limited
to, the following:

                  Insurance Management Solutions, Inc.
                  IMS Direct, Inc.
                  Geotrac of America, Inc.
                  Colonial Claims Corporation

This resignation shall be effective as of April 17, 2001.

                                          -------------------------------------
                                          Chris P. Breakiron

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