Document:

Prepared by MerrillDirect

EXE TECHNOLOGIES, INC.

FIRST AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

             This
First Amendment to Amended and Restated Employment Agreement (this “Amendment”)
is dated this 25th day of June, 2001 by and between Mark R. Weaser (the
“Employee”) and EXE Technologies, Inc. (the “Company”) and amends that certain
Amended and Restated Employment Agreement dated as of October 18, 2000 (the
“Agreement”) between the Employee and the Company.

             WHEREAS, the parties desire to
amend the Agreement to reflect certain changes, in accordance with the terms
and conditions set forth below.

             NOW, THEREFORE, in consideration of
the mutual covenants set forth herein and intending to be legally bound hereby,
the parties agree as follows:

             1.          Definitions.  All capitalized terms used in this Amendment
shall have the same meaning as those contained in the Agreement unless
otherwise defined herein.

             2.          Section
4.6.  A new Section 4.6 is hereby
added as follows:

4.6.       Loan.  The Company shall loan the Employee Two Hundred Thousand Dollars
($200,000.00) (the “Loan”), evidenced by a promissory note substantially in the
form attached hereto as Schedule F.  The
Loan shall become due and payable in full upon the fourth anniversary of the
Loan and interest shall be payable annually at a rate of eight and one half
percent (8.5%); provided, however, that notwithstanding any other provisions of
this Agreement to the contrary, in the event that the Employee’s employment
with the Company is terminated due to death or Disability (as hereinafter
defined) or by the Company without cause, then the unpaid amount thereof shall
be forgiven by the Company. As security for the Loan, the Employee shall enter
into a Stock Pledge Agreement in the form attached as Schedule G hereto
pursuant to which the Employee shall pledge to the Company 33,333 shares of the
Common Stock of the Company.  The Loan
is being made to facilitate the Employee’s other financial commitments and not
to purchase any additional capital stock of the Company.

             3.          Section
8.6.  A new Section 8.6 is hereby
added as follows:

8.6        Loan Forgiveness.  In the event of a termination of the
Employee’s employment due to death or Disability or by the Company without
cause, then the outstanding amounts of the Loan will be forgiven, in addition to
the Employee receiving the consideration set forth in Sections 8.1(b), 8.2,
8.4(b) and 8.5 hereof, as appropriate.

 

             4.          Miscellaneous.  The Agreement shall remain in full force and
effect, subject only to the changes herein specified.  The Agreement, as modified by this Amendment, constitutes the
entire understanding between the parties with respect to the subject matter
hereof and supersedes any prior understandings and/or written or oral
agreements between them.  All references
to the Agreement in any other documents shall mean the Agreement as amended
hereby and from time to time hereafter in writing.  This Amendment shall be governed by the laws of the State of
Texas, without regard to the principles of conflicts of laws of any
jurisdiction.

             IN WITNESS WHEREOF, the parties have executed this
Amendment on the date first above written.

	EMPLOYEE:	 	EXE
  TECHNOLOGIES, INC.
	 	 	 
	/s/  Mark Weaser

	 	By:	  /s/ Christopher F. Wright

	Mark
  R. Weaser

	 	 
	 	 	Title:	  SVP – AdministrationPrepared by MerrillDirect

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

             This
Executive Employment Agreement is made and entered into by and between Labor
Ready, Inc., a Washington corporation, including its subsidiaries
("Company"), and Timothy J. Adams ("Executive"), effective
as of May 28, 2001.

 

RECITALS

             WHEREAS,
Executive has been serving as Director of Legal Services for the Company;

             WHEREAS,
Company believes that Executive's experience, knowledge of corporate affairs,
reputation and abilities are of great value to Company's future growth and
profits; and

             WHEREAS,
Company wishes to continue to employ Executive and Executive is willing to
continue to be employed by Company; and

             WHEREAS,
the Company’s Board of Directors has elected Executive to the offices of
Executive Vice President and General Counsel;

             NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth
herein, the Company and Executive agree as follows:

             1.          Employment.  The Company agrees to and hereby does employ Executive, and
Executive hereby agrees to continue in the employment of the Company, subject
to the supervision and direction of the Chief Executive Officer and the Board
of Directors.  Executive’s employment
shall be for a period commencing on May 28, 2001 and ending on May 27, 2006,
unless such period is extended by written agreement of the parties or is sooner
terminated pursuant to the provisions of Paragraphs 4, 11 or 12.

             2.          Duties of Executive.  Executive agrees to devote the necessary
time, attention, skill and efforts to the performance of his duties as
Executive Vice President and General Counsel of the Company and such other
duties as may be assigned by the Board of Directors in its discretion.

             3.          Compensation.

                           (a)         Executive's initial salary shall be at
the rate of Two Hundred Twenty Thousand and No/100 Dollars ($220,000) per year,
payable biweekly, from May 28, 2001, until changed by the Board of Directors as
provided herein.

                           (b)        Company, acting through its Board of
Directors, may (but shall not be required to) increase, but may not decrease,
Executive's compensation and award to Executive such bonuses as the board may
see fit, in its sole and unrestricted discretion, commensurate with Executive's
performance and the overall performance of the Company.  Executives compensation shall be reviewed
annually by the Compensation Committee of the Board of Directors.

             4.          Failure to Pay Executive.  The failure of Company to pay Executive his
salary as provided in Paragraph 3 may, in Executive's sole discretion, be
deemed a breach of this Agreement and, unless such breach is cured within
fifteen days after written notice to Company, this Agreement shall
terminate.  Executive’s claims against
Company arising out of the nonpayment shall survive termination of this
Agreement.

             5.          Options to Purchase Common Stock.  Executive is granted unvested options to
purchase 250,000 shares of the Company’s common stock.  The terms and conditions of the options are
set forth in Exhibits A and B.

             6.          Reimbursement for Expenses.  Company shall reimburse Executive for
reasonable out-of-pocket expenses that Executive shall incur in connection with
his services for Company contemplated by this Agreement, on presentation by
Executive of appropriate vouchers and receipts for such expenses to Company.  At times it may be in the best interests of
the Company for Executive's spouse to accompany him on such business
travel.  On such occasions Company shall
reimburse Executive for reasonable out-of-pocket expenses incurred for his
spouse.  Such occasions shall be determined
by guidelines established by the Chief Executive Officer or the Board of
Directors, or in the absence of such guidelines, by Executive's sound
discretion.

             7.          Vacation.  Executive shall be entitled each year during the term of this
Agreement to a vacation of twenty (20) business days, no two of which need be
consecutive, during which time his compensation shall be paid in full.  The length of annual vacation time shall
increase by one day for every year of service to the Company after 2001 to a
maximum of 25 business days per year.

             8.          Change in Ownership or Control.  In the event of a change in the ownership of
Company, effective control of Company, or the ownership of a substantial
portion of Company's assets, all unvested stock options shall immediately vest.

             9.          Liability Insurance and Indemnification.  The Company shall procure and maintain
throughout the term of this Agreement a policy or policies of liability
insurance for the protection and benefit of directors and officers of the
Company.  Such insurance shall have a
combined limit of not less than $10,000,000.00 and may have a deductible of not
more than $100,000.00.  To the fullest
extent permitted by law, Company shall indemnify and hold harmless Executive
for any and all lost, cost, damage and expense including attorneys’ fees and
court costs incurred or sustained by Executive, arising out of the proper
discharge by Executive of his duties hereunder in good faith.

             10.        Other Benefits.  Executive shall be entitled to all benefits
offered generally to employees of Company. 
Nothing in this Agreement shall be construed as limiting or restricting
any benefit to Executive under any pension, profit-sharing or similar
retirement plan, or under any group life or group health or accident or other
plan of the Company, for the benefit of its employees generally or a group of
them, now or hereafter in existence.

             11.        Termination by Company.  Company may terminate this Agreement under
either of the following circumstances:

	 	(a)	Company
  may terminate this Agreement and Executive’s employment for cause (as defined
  hereinbelow) at any time upon written notice to Executive. The notice of
  termination must specify those actions or inactions upon which the
  termination is based. Cause shall exist if any of the following occurs:
	 	 	 
	 	(i)	Executive
  is convicted or indicted of a crime involving dishonesty, fraud or moral
  turpitude;
	 	 	 
	 	(ii)	Company
  believes in good faith that Executive has engaged in fraud, embezzlement,
  theft or other dishonest acts;
	 	 	 
	 	(iii)	Executive
  violates Company’s Drug Free Workplace Policy;
	 	 	 
	 	(iv)	Executive
  commits any willful act or omission with an intent to negatively impact
  Company;
	 	 	 
	 	(v)	Executive
  refuses to attempt in good faith to perform his normal duties to the best of his
  ability, within ten (10) days after written notice from Company;
	 	 	 
	 	(vi)	Executive
  is guilty of insubordination which materially hinders the maximization of
  productivity between Executive and his superiors; or
	 	 	 
	 	(vii)	Executive
  breaches this Agreement in any other material respect and does not cure such
  breach within ten (10) days after written notice from Company.
	 	 	 
	 	(b)	In
  the event that Executive shall, during the term of his employment hereunder,
  fail to perform his duties as the result of illness or other incapacity and
  such illness or other incapacity shall continue for a period of more than six
  months, the Company shall have the right, by written notice either personally
  delivered or sent by certified mail, to terminate Executive's employment
  hereunder as of a date (not less than 30 days after the date of the sending
  of such notice) to be specified in such notice.
						

 

             12.        Termination by Executive.  If Company shall 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, or be the subject of any state
or federal insolvency proceeding of any kind, then Executive may, in his sole
discretion, by written notice to Company, terminate his employment and Company
hereby consents to the release of Executive under such circumstances and agrees
that if Company ceases to operate or to exist as a result of such event, the
non-competition and other provisions of Paragraph 16 of this Agreement shall
terminate.  In addition, Executive shall
have the right to terminate this Agreement upon giving three (3) months written
notice to Company.

             13.        Communications to Company.  Executive shall communicate and channel to
Company all knowledge, business, and customer contacts and any other matters of
information that could concern or be in any way beneficial to the business of Company,
whether acquired by Executive before or during the term of this Agreement;
provided, however, that nothing under this Agreement shall be construed as
requiring such communications where the information is lawfully protected from
disclosure as a trade secret of a third party.

             14.        Binding Effect.  This Agreement shall be binding on and shall
inure to the benefit of any successor or successors of employer and the
personal representatives of Executive.

             15.        Confidential Information.

                           (a)         As the result of his duties, Executive
will necessarily have access to some or all of the confidential information
pertaining to Company's business.  It is
agreed that "Confidential Information" of Company includes:

                           (1)         The ideas, methods, techniques,
formats, specifications, procedures, designs, systems, processes, data and
software products which are unique to Company;

                           (2)         All customer, marketing, pricing and
financial information pertaining to the business of Company;

                           (3)         All operations, sales and training manuals;

                           (4)         All other information now in existence
or later developed which is similar to the foregoing; and

                           (5)         All information which is marked as
confidential or explained to be confidential or which, by its nature, is
confidential.

                           (b)        Executive understands that he will
necessarily have access to some or all of the Confidential Information.  Executive recognizes the importance of
protecting the confidentiality and secrecy of the Confidential Information and,
therefore, agrees to use his best efforts to protect the Confidential
Information from unauthorized disclosure to other persons.  Executive understands that protecting the
Confidential Information from unauthorized disclosure is critically important
to the success and competitive advantage of Company and that the unauthorized
disclosure of the Confidential Information would greatly damage Company.

                           (c)         Executive agrees not to disclose any
Confidential Information to others or use any Confidential Information for his
own benefit.  Executive further agrees
that upon request of the Chief Executive Officer of Company, he shall
immediately return all Confidential Information, including any copies of
Confidential Information in his possession.

             16.        Covenants Against Competition.  It is understood and agreed that the nature
of the methods employed in Company's business is such that Executive will be
placed in a close business and personal relationship with the customers of
Company. Thus, during the term of this Executive Employment Agreement and for a
period of two (2) years immediately following the termination of Executive's
employment, for any reason whatsoever, so long as Company continues to carry on
the same business, said Executive shall not, for any reason whatsoever,
directly or indirectly, for himself or on behalf of, or in conjunction with,
any other person, persons, company, partnership, corporation or business
entity:

                           (a)         Call upon, divert, influence or solicit
or attempt to call, divert, influence or solicit any customer or customers of
Company;

                           (b)        Divulge the names and addresses or any
information concerning any customer of Company;

                           (c)         Solicit, induce or otherwise influence
or attempt to solicit, induce or otherwise influence any employee of the
Company to leave his or her employment;

                          (d)        Own,
manage, operate, control, be employed by, participate in or be connected in any
manner with the ownership, management, operation or control of the same,
similar, or related line of business as that carried on by Company within a
radius of twenty-five (25) miles from any then existing or proposed office of
Company; and

             The
time period covered by the covenants contained herein shall not include any
period(s) of violation of any covenant or any period(s) of time required for
litigation to enforce any covenant.  If
the provisions set forth are determined to be too broad to be enforceable at
law, then the area and/or length of time shall be reduced to such area and time
and that shall be enforceable.

             17.        Enforcement of Covenants.

                           (a)         The covenants set forth herein on the
part of Executive shall be construed as an agreement independent of any other
provision in this Executive Employment Agreement and the existence of any claim
or cause of action of Executive against Company, whether predicated on this
Executive Employment Agreement or otherwise, shall not constitute a defense to
the enforcement by Company of the covenants contained herein.

                           (b)        Executive acknowledges that irreparable
damage will result to Company in the event of the breach of any covenant
contained herein and Executive agrees that in the event of any such breach,
Company shall be entitled, in addition to any and all other legal or equitable
remedies and damages, to a temporary and/or permanent injunction to restrain
the violation thereof by Executive and all of the persons acting for or with
Executive.

             18.        Law to Govern Contract.  It is agreed that this Agreement shall be
governed by, construed and enforced in accordance with the laws of the State of
Washington.

             19.        Arbitration.  Company and Executive agree with each other that any claim of
Executive or Company arising out of or relating to this Agreement or the breach
of this Agreement or Executive’s employment by Company, including, without
limitation, any claim for compensation due, wrongful termination and any claim
alleging discrimination or harassment in any form shall be resolved by binding
arbitration, except for claims in which injunctive relief is sought and
obtained.  The arbitration shall be
administered by the American Arbitration Association under its Employment
Arbitration Rules at the American Arbitration Association Office nearest the
place of employment.  The award entered
by the arbitrator shall be final and binding in all respects and judgment
thereon may be entered in any Court having jurisdiction.

             20.        Entire Agreement.  This Agreement shall constitute the entire
agreement between the parties and any prior understanding or representation of
any kind preceding the date of this Agreement shall not be binding upon either
party except to the extent incorporated in this Agreement.

             21.        Modification of Agreement.  Any modification of this Agreement or
additional obligation assumed by either party in connection with this Agreement
shall be binding only if evidenced in writing signed by each party or an
authorized representative of each party.

             22.        No Waiver.  The failure of either party to this Agreement to insist upon the
performance of any of the terms and conditions of this Agreement, or the waiver
of any breach of any of the terms and conditions of this Agreement, shall not
be construed as thereafter waiving any such terms and conditions, but the same
shall continue and remain in full force and effect as if no such forbearance or
waiver had occurred.

             23.        Attorneys’ Fees.  In the event that any action is filed in
relation to this Agreement, the unsuccessful party in the action shall pay to
the successful party, in addition to all other required sums, a reasonable sum
for the successful party's attorneys' fees.

             24.        Notices.  Any notice provided for or concerning this Agreement shall be in
writing and shall be deemed sufficiently given when personally delivered or
when sent by certified or registered, return receipt requested mail if sent to
the respective address of each party as set forth below, or such other address
as each party shall designate by notice.

             25.        Survival of Certain Terms.  The terms and conditions set forth in
Paragraphs 15 through 19 of this Agreement shall survive termination of the
remainder of this Agreement.

 

 

             IN
WITNESS WHEREOF, each party to this Agreement has caused it to be executed on
the date indicated below.

	 	 	 	 	 	 	 	 
	 	EXECUTIVE:	 	 	 	COMPANY:	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	Labor
  Ready, Inc.,	 
	 	 	 	 	 	a
  Washington corporation	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	By:	 	 
	 	

	 	 	 	

	 
	 	Timothy
  J. Adams	 	 	 	Richard
  L. King	 
	 	 	 	 	 	 	President
  and CEO	 
	 	 	 	 	 	 	 	 
	Date:	 	 	 	Date:	 
	 	

	 	 	 	

									

 

EXHIBIT A

Stock Option Grant

GRANT DATE:                          May 28, 2001

GRANT PRICE:                          Closing price on the Grant Date

TOTAL NUMBER OF SHARES:          150,000

VESTING SCHEDULE:             Options for the specified number of shares shall vest on
the

                                                     following
dates:

	DATE	 	NUMBER
  OF SHARES	 
	

	 	

	 
	May 28, 2002	 	37,500	 
	May 28, 2003	 	37,500	 
	May 28, 2004	 	37,500	 
	May 28, 2005	 	37,500	 

TERMS AND CONDITIONS OF THE STOCK OPTION
GRANT:

             1.          Except as otherwise provided herein,
all unexercised options shall expire five (5) years from the Grant Date or upon
the termination date, whichever is earlier, if the Executive Employment
Agreement is terminated for cause.  If
the Executive Employment Agreement is terminated by Executive without cause,
then all options shall terminate ninety days after termination of
employment.  If the Executive Employment
Agreement is terminated for any other reason, then all options shall
immediately vest and the exercise date shall be extended to a date which is
five years after the date of termination.

             2.          The options are categorized as
non-qualified stock options.  A
non-qualified stock option requires payment of income taxes on the difference
between the option price and the market value on the date of exercise.  Executive shall be responsible for any
income tax consequences and expense associated with the grant or exercise of
the options, and is responsible for consulting his individual tax advisor.

             3.          Payment for shares purchased through
the exercise of options may be made either in cash or its equivalent or by
tendering previously acquired shares at market value, or both.

             The
closing price on May 28, 2001 was $3.74.

EXHIBIT
B

Stock Option Grant

GRANT DATE:                          May 28, 2001

GRANT PRICE:                          Closing price on the Grant Date

TOTAL NUMBER OF SHARES:          100,000

VESTING SCHEDULE:             Options for the specified number of shares shall vest on
the

                                                     following
dates:

	DATE	 	NUMBER
  OF SHARES	 
	

	 	

	 
	November 28, 2005	 	100,000	 

TERMS AND CONDITIONS OF THE STOCK OPTION
GRANT:

             1.          Except as otherwise provided herein,
all unexercised options shall expire five (5) years from the Grant Date or upon
the termination date, whichever is earlier, if the Executive Employment
Agreement is terminated for cause.  If
the Executive Employment Agreement is terminated by Executive without cause,
then all options shall terminate ninety days after termination of
employment.  If the Executive Employment
Agreement is terminated for any other reason, then all options shall
immediately vest and the exercise date shall be extended to a date which is
five years after the date of termination.

             2.          The options are categorized as
non-qualified stock options.  A
non-qualified stock option requires payment of income taxes on the difference
between the option price and the market value on the date of exercise.  Executive shall be responsible for any
income tax consequences and expense associated with the grant or exercise of
the options, and is responsible for consulting his individual tax advisor.

             3.          Payment for shares purchased through
the exercise of options may be made either in cash or its equivalent or by
tendering previously acquired shares at market value, or both.

             The
closing price on May 28, 2001 was $3.74.

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