Document:

<PAGE>   1
                                                                    Exhibit 4.16

                           STOCK OPTION SURRENDER FORM

Employee_____________________________

The following is a list of stock options currently outstanding:
<TABLE>
<CAPTION>
-------------------- -------------- ------------------------- ------------------------- -----------------------
<S>                  <C>            <C>                       <C>                       <C>
Stock Option Grant    Expiration         Exercise Price          Number of Options        Number of Options
       Date              Date              Per share                Outstanding            Currently Vested
-------------------- -------------- ------------------------- ------------------------- -----------------------
-------------------- -------------- ------------------------- ------------------------- -----------------------

-------------------- -------------- ------------------------- ------------------------- -----------------------
</TABLE>

I hereby agree to irrevocably surrender for cancellation the following stock
options effective December 15, 2000.
<TABLE>
<CAPTION>
--------------------------------------- ------------------------------------ ----------------------------------
<S>                                     <C>                                  <C>
     Grant Date of Options to Be          Exercise Price of Options to Be         Number of Options to Be
             Surrendered                            Surrendered                         Surrendered
--------------------------------------- ------------------------------------ ----------------------------------
--------------------------------------- ------------------------------------ ----------------------------------

--------------------------------------- ------------------------------------ ----------------------------------
</TABLE>

By surrendering my stock options in accordance with the foregoing, I understand
and agree

     1)   that upon cancellation I will have no further rights under the options
          I have surrendered. Options not surrendered shall continue to be
          governed by the applicable option agreement(s);

     2)   I must be an employee on the date new options are granted and that my
          surrender of stock options and the Company's promise to issue or
          actual issuance of new stock options if I am an employee on the new
          option grant date does not constitute an employment contract;

     3)   new options to be issued in June 2001 will be subject to the terms of
          the applicable option agreement which is currently expected to be
          substantially in the form attached to this surrender form and the
          provisions of the Corrpro 1997 Long-Term Incentive Plan document;

     4)   the exercise price of the new options to be granted in June 2001 will
          be equal to the fair market value of Corrpro stock on the date of such
          grant and that such exercise price may be either higher or lower than
          the exercise price of the options being surrendered;

     5)   that the options to be granted in June 2001 will vest over a
          three-year period (one-third on each of the first three anniversaries
          of the date of grant) commencing on the first anniversary of the new
          option grant date and will not take into consideration the vested
          status of the options surrendered;

     6)   I have previously received a copy of the Corrpro 1997 Long-Term
          Incentive Plan document and the related Prospectus dated March 8, 2000
          covering the shares issuable on the exercise of options;

     7)   I acknowledge that filings with the Securities and Exchange Commission
          which update such Prospectus are available on the internet
          (www.sec.gov) and from the Company upon request;
           -----------

---------------------------------                    ------------------------
         Employee Name                                        Date<PAGE>   1
                                                                    Exhibit 10.3

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 1 OF 13

                              EMPLOYMENT AGREEMENT
                              --------------------

         THIS EMPLOYMENT AGREEMENT (this "Agreement") is made in Medina, Ohio
and is entered effective as of November 2, 2000, by and between Corrpro
Companies, Inc., an Ohio corporation (the "ACompany"), and Joseph W. Rog
("AExecutive").

                                   WITNESSETH:

         In consideration of the recitals, the mutual covenants and agreements
contained in this Agreement, and other good and valuable consideration, the
parties agree as follows:

         SECTION 1 - TERM AND DUTIES.

         (a)      TERM. The Company shall employ Executive, subject to the
                  provisions of this Agreement, effective November 2, 2000 and
                  ending on March 31, 2004. This Agreement at all times may
                  otherwise be terminated in accordance with the provisions of
                  this Agreement.

         (b)      SUBSEQUENT TERM. This Agreement shall be automatically renewed
                  for successive one-year periods unless prior to the December
                  31 immediately preceding the expiration of this Agreement or
                  renewal thereof, the Company or Executive notifies the other
                  in writing that such party does not wish to renew this
                  Agreement.

         (c)      DUTIES. During Executive's employment pursuant to this
                  Agreement, Executive shall serve as Chairman of the Board,
                  Chief Executive Officer and President of the Company. The
                  Company shall nominate Executive to serve as a director on the
                  Board of Directors of the Company and shall use its best
                  efforts to facilitate Executive's election. Executive shall
                  have the right to serve on the board of directors of any newly
                  formed holding company and subsidiary of the Company. In these
                  capacities, Executive will retain the right to approve, select
                  and/or hire employees of the Company plus have the authority
                  to determine and implement programs and establish direction
                  for the Company and shall serve at the direction of the Board
                  of Directors of the Company.Chief Executive Officer), and
                  shall be subject to the policies and procedures adopted by the
                  Company from time to time. Executive agrees to serve as an
                  officer or director of such of the Company's subsidiaries or
                  affiliates as the Company may reasonably request.

         (d)      CHANGES IN STATUS. The Company agrees that it will not,
                  without Executive's consent, (i) assign to Executive duties
                  materially inconsistent with or which materially diminish
                  Executive's current positions, authority, duties,
                  responsibilities and status with the Company, or (ii)
                  materially change Executive's title as currently in effect, or
                  (iii) transfer

<PAGE>   2

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 2 OF 13

                  Executive's job location to a site more than fifty (50) miles
                  away from his place of employment as of the date hereof, or
                  (iv) remove Executive from, or fail to re-elect Executive to,
                  any of such positions, except in connection with the
                  termination of Executive's employment as provided for in this
                  Agreement. Except as so limited, the powers and duties of
                  Executive are to be more specifically determined and set by
                  the Company from time to time.

         SECTION 2 - COMPENSATION AND BENEFITS.

         (a)      BASE SALARY. During Executive's employment pursuant to this
                  Agreement, Executive shall receive an annual base salary of
                  two hundred eighty five thousand U.S. Dollars (U.S.$285,000)
                  as compensation for Executive's services to the Company (the
                  "Base Compensation"), such compensation to be payable in
                  regular installments in accordance with Company policy for
                  salaried employees.

         (b)      SALARY ADJUSTMENTS. Effective as of the first day of each
                  fiscal year of the Company during Executive's employment
                  pursuant to this Agreement, the Base Compensation shall be set
                  by the Board of Directors (or its designated committee). In
                  the event the Base Compensation is adjusted, such adjusted
                  Base Compensation shall be payable to Executive under this
                  Agreement for that fiscal year; provided that no downward
                  adjustment shall be made without Executive's consent.

         (c)      VACATION. Executive shall be entitled to four weeks of paid
                  vacation each year of this Agreement to be taken in accordance
                  with Company policy then in effect.

         (d)      ANNUAL BONUS PLAN. Executive shall be a participant in the
                  Company's annual bonus plan, subject to the attainment of
                  performance objectives and other provisions of such plan as in
                  effect each year of this Agreement.

         (e)      BENEFIT PLANS. During Executive's employment pursuant to this
                  Agreement, subject to eligibility and applicable employee
                  contributions, and except as otherwise expressly provided in
                  this Agreement, Executive shall be entitled to participate on
                  substantially the same terms as other Senior Level Executives
                  in all employee benefit and executive benefit plans, pension
                  plans, medical benefit plans, group life insurance plans,
                  hospitalization plans, other employee welfare plans, or fringe
                  benefit plans (such as sick pay or car allowance) that the
                  Company may adopt from time to time during Executive's
                  employment pursuant to this Agreement, and as such plans may
                  be modified, amended, terminated, or replaced from time to
                  time. In addition, Executive shall receive such other
                  compensation as the Board of Directors of the Company (or a
                  committee thereof designated by the Board) may from time to
                  time determine to pay Executive whether in the form of
                  bonuses, stock options, incentive compensation or otherwise.

         (f)      EXPENSE REIMBURSEMENTS. The Company shall reimburse, in
                  accordance with Company

<PAGE>   3

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 3 OF 13

                  policy, Executive's ordinary and reasonable business expenses,
                  including professional dues, expenses, and continuing
                  education expenses for maintaining certifications, incurred in
                  furtherance of Executive's performance of Executive's duties
                  under this Agreement.

         (g)      RETIREMENT INCOME. Executive has become vested in the
                  retirement income provided for in Executive's previous
                  employment contract with the Company. Such retirement income
                  is payable as set forth and subject to the provisions of this
                  Agreement. The Company shall provide Executive with retirement
                  income, with a lifetime survivor benefit to Executive's
                  spouse, in an amount equal to fifty percent (50%) of
                  Executive's Base Compensation in effect on the date of
                  Executive's retirement, payable on a monthly basis as set
                  forth below:

                  (i)      RETIREMENT BEFORE AGE 63-1/2. In the event of
                           Executive's retirement prior to reaching the age of
                           63-1/2, monthly lifetime retirement payments will
                           commence on the first day of the month following
                           Executive's reaching the age of 63-1/2.

                  (ii)     RETIREMENT ON OR AFTER AGE 63-1/2. In the event of
                           Executive's retirement on or after reaching the age
                           of 63-1/2, monthly lifetime retirement payments will
                           commence on the first day of the month following
                           Executive's retirement.

                  (iii)    DEATH. In the event of Executive's death, whether
                           prior to or subsequent to Executive's retirement,
                           monthly lifetime survivor retirement payments to his
                           spouse will commence on the first day of the month
                           following Executive's death and will cease upon the
                           death of Executive's spouse.

                  (iv)     DISABILITY. In the event that Executive's employment
                           terminates due to Disability, monthly lifetime
                           retirement payments will commence on the first day of
                           the month following the later of (a) the termination
                           of disability payments provided for in the first
                           sentence of Section 6 hereof, or (b) the termination
                           of benefits received by Executive from disability
                           insurance the premiums for which were paid by the
                           Company.

                  (v)      TERMINATION WITHOUT GOOD CAUSE. In the event that
                           Executive's employment terminates due to termination
                           by the Company without Good Cause as defined in
                           Section 7 hereof, monthly lifetime retirement
                           payments will commence on the first day of the
                           monthly following the

<PAGE>   4

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 4 OF 13

                           termination of the severance payments provided for in
                           Section 7 hereof.

         As long as the retirement payments provided for in this Section 2(g)
         are made, Executive agrees not to compete with the Company as provided
         in Section 4 hereof. In the event Executive violates any of the
         provisions of Section 4 hereof, the Company may cease making the
         retirement payments which are provided for in this Section 4.

         SECTION 3 - TIME COMMITMENT AND PERFORMANCE. Executive shall devote
Executive's best efforts and all of Executive's business time, attention, and
skill to the business and the operations of the Company and shall perform
Executive's duties and conduct himself at all times in a manner consistent with
Executive's appointment as Chairman of the Board, Chief Executive Officer and
President of the Company; except, however, Executive may serve on corporate,
civic, or charitable boards or committees and manage Executive's personal
investments and affairs provided such activities do not interfere with the
performance of Executive's duties under this Agreement and provided Executive
keeps the Board of Directors reasonably informed of Executive's commitments.

         SECTION 4 - COMPETITIVE ACTIVITY/OTHER RESTRICTIONS.

         (a) Subject to any restrictions contained in any other agreements or
arrangements with Executive, from the effective date of this Agreement and the
period of twenty-four (24) months immediately following the termination
thirty-six months (36 months) of Executive's employment under this agreement:

         (i)      Agreement not to compete. Executive will not accept employment
                  with, or act as an officer, director, consultant, contractor,
                  representative or advisor in a capacity in which he is to
                  perform duties in the corrosion engineering business for a
                  competitor of the Company or any of its subsidiaries, or enter
                  into competition with the Company or any of its subsidiaries,
                  either by himself or through any entity owned or managed in
                  whole or in part by him in any state, province, territory, or
                  country in which the Company or any of its subsidiaries or its
                  subsidiaries is conducting its corrosion engineering business.
                  The term "competitor" as used in this paragraph, means any
                  entity engaged in the corrosion engineering business as
                  defined below. For purposes of entities with multiple lines of
                  business, "competitor" shall be limited to the line or lines
                  of business engaged in the corrosion engineering business as
                  defined. Executive further agrees for a period of twenty-four
                  months from the Effective Date, he will not invest in or
                  otherwise have an ownership interest in any competitor of the
                  Company or any of its subsidiaries, with the exception that
                  Executive may own up to a 5% interest in a publicly-traded
                  company that may compete with the Company or any of its
                  subsidiaries.

         (ii)     Agreement not to solicit. Executive shall not, directly or
                  indirectly, solicit or induce, or attempt to solicit or
                  induce, any current or future employee of the Company or any
                  of its

<PAGE>   5

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 5 OF 13

                  subsidiaries to leave the employ of the Company or any of its
                  subsidiaries for any reason whatsoever without the written
                  consent of the Company.

         (iii)    Agreement not to interfere. Executive shall not attempt to
                  divert or take away, in any manner, the business or patronage
                  of any customer or potential customer of the Company or
                  otherwise take from or deprive the Company of any business
                  opportunity; or materially interfere, in any manner, with the
                  business, trade, good will, sources of supply, or customers of
                  the Company.

(b) For purposes of this Agreement, "Corrosion control business" means corrosion
control services and products including, but not limited to:

         (i)      cathodic protection services and materials including
                  construction and installation;
         (ii)     corrosion prevention engineering and consulting services for a
                  wide variety of applications such as storage tanks, energy,
                  environmental and infra-structure;
         (iii)    nondestructive testing;
         (iv)     coatings engineering, application and inspection;
         (v)      pipeline integrity services;
         (vi)     pipeline surveys;
         (vii)    anodic protection;
         (viii)   development and sale of corrosion control related software or
                  interpreting and managing corrosion control related data and
                  assessing risk;
         (ix)     remote monitoring;
         (x)      corrosion related research and testing and analysis;
         (xi)     manufacture and supply of anodes and other corrosion control
                  materials;
         (xii)    assembly and/or supply of materials used in such applications;
                  and
         (xiii)   corrosion control contract and construction management
                  services.

         Executive acknowledges and agrees that the restrictions contained in
this Section 4 are reasonable and necessary for the protection of the business
interests of the Company and that such restrictions are not unduly burdensome in
scope or duration.

         SECTION 5 - PROPRIETARY INFORMATION/INTELLECTUAL PROPERTY.

         (a)      PROPRIETARY INFORMATION. During Executive's employment
                  pursuant to this Agreement and at any time thereafter,
                  Executive shall not disclose, or cause to be disclosed in any
                  manner, to any corporation, partnership, person, group, or
                  entity (other than to Company employees or authorized
                  representatives, or in the ordinary course of business
                  consistent with Company policy regarding trade secrets) or
                  otherwise use for any purpose other than the Company's
                  business, any trade secrets or confidential or proprietary
                  information of the Company, including, but not limited to, the
                  Company's customer or prospective customer lists; information
                  concerning the Company's promotional, pricing, or marketing
                  practices; the Company's business records; and the Company's
                  trade secrets and other

<PAGE>   6

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 6 OF 13

                  confidential and proprietary information.

                  Upon termination of employment under any circumstances,
                  Executive or Executive's estate or representatives, shall
                  promptly return to the Company all property of the Company
                  including any and all electronic devices and related data
                  storage devices and shall destroy or erase any data which
                  cannot be returned. This Section 5 shall survive the
                  termination of this Agreement.

         (b)      INVENTIONS. Executive will communicate to the Company promptly
                  and fully and hereby assigns all of Executive's rights in all
                  inventions or improvements made or conceived by Executive
                  (alone or jointly with others) during Executive's employment
                  and for a period of one year thereafter, which are along the
                  lines of the business, work or investigations of the Company
                  or which result from or are suggested by any work Executive
                  may do for the Company. Executive agrees that any such
                  invention or improvement, whether or not patentable, shall be
                  and remain the sole and exclusive property of the Company.
                  Executive agrees to keep and maintain adequate and current
                  written records of all such inventions or improvements at all
                  stages thereof, which records shall be and remain the property
                  of the Company. There shall be excluded from the operation of
                  this Agreement the Executive's inventions and improvements,
                  patented and unpatented, which were made prior to Executive's
                  employment by the Company, and which, if Executive has any
                  such inventions, are listed on an attached exhibit.

         (c)      COPYRIGHTS/TRADEMARKS. It is understood and agreed that the
                  entire right, title and interest throughout the world to all
                  works and trademarks that are created by Executive, either
                  solely or jointly with other during this Agreement, shall be
                  and hereby are vested and assigned by Executive to the
                  Company. Any copyrightable works created during this agreement
                  shall be deemed work for hire to the extent permitted by law
                  and the Company shall have the sole right to any such
                  copyright. In the event that any work created by Executive
                  does not qualify as a work for hire, Executive hereby assigns
                  Executive's or her right in the work to the Company.

         (d)      DOCUMENTATION. Executive agrees to execute any and all
                  documents prepared by the Company for such purposes and to do
                  all other lawful acts as may be reasonably required by the
                  Company to establish, document, and protect the rights in the
                  proprietary information, inventions, copyrights, and
                  trademarks described above.

         SECTION 6 - COMPENSATION DURING DISABILITY. Executive shall receive
Executive's Base Compensation and auto allowance, if any, (net of applicable
withholdings) during the first ninety (90) business days of absence due to
Disability (as hereinafter defined). In the event of Executive's Disability and
a determination by the Board of Directors that sufficient reasonable
accommodations for the Disability cannot be made, the Company may terminate
Executive's employment under this Agreement. If the Company terminates
Executive's employment under this Agreement because of Executive's Disability,
the Company shall pay to Executive the amounts, and provide to Executive the

<PAGE>   7

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 7 OF 13

benefits, specified in Section 7 hereof. The amount of benefits to be paid by
the Company to Executive under this Section 6 or under Section 7 shall be
reduced by any amount paid or to be paid pursuant to Company sponsored
disability plans. For purposes of this Agreement, "Disability" shall mean
Executive's a disability which would qualify for and entitle Executive to
long-term disability payments under the Company's long-term disability plan
generally in effect for employees, or if no such plan is effective at the time,
Executive's inability, through physical or mental illness or accident or other
cause, to perform Executive's major and substantial duties on a full time basis
as determined by a physician hired by the Board of Directors for this
determination (the "Company Physician"). If the physician regularly attending
Executive (the "Executive Physician") disagrees with the opinion of the Company
Physician, the Company Physician and the Executive Physician shall choose a
third consulting physician (the expense of which shall be borne by the Company),
and the written opinion of the third consulting physician shall be conclusive as
to such disability. In conjunction with this Section 6, Executive consents to
such examination, to furnish any medical information requested by any examining
physician, and to waive any applicable physician-patient privilege that may
arise because of such examination. All physicians, except the Executive
Physician, selected hereunder must be board-certified in the specialty most
closely related to the nature of the disability alleged to exist.

         SECTION 7 - RESIGNATION DUE TO COMPANY FAILING TO HONOR ITS OBLIGATIONS
AND TERMINATION WITHOUT GOOD CAUSE OR DUE TO DISABILITY.

         (a)      GENERALLY. Executive may resign Executive's employment and
                  terminate this Agreement if the Company fails to honor its
                  obligations, subject to the procedures as provided in this
                  Section 7. The Company may terminate Executive's employment
                  for any reason at any time upon 30 days notice to Executive,
                  provided that the Company pay Executive the amounts as
                  determined in this Section 7. Anything to the contrary
                  contained in this Agreement notwithstanding, (i) if the
                  Company fails to honor any of its obligations under this
                  Agreement, and if the Company does not cure the determined
                  failure within thirty (30) days after a determination of a
                  failure in accordance with the procedures set forth below and
                  if as a result Executive resigns Executive's employment with
                  the Company or (ii) the Company terminates Executive's
                  employment with the Company under this Agreement without Good
                  Cause (as defined in Section 8), or (iii) if Executive's
                  employment terminates by reason of Disability as provided for
                  in Section 6 hereof, Executive shall be entitled to receive
                  and the Company shall pay to Executive the following:

                  (1)      SALARY. Executive's Base Compensation and auto
                           allowance, if any, earned through the date of
                           resignation or termination and a lump sum payment for
                           any unused vacation shall be paid on or before the
                           next regularly scheduled pay-date after the effective
                           date of the resignation or termination.

                  (2)      SEVERANCE. Severance payments for a period of two
                           years shall be paid in consecutive periodic payments
                           commencing on the first pay day in the month
                           following such resignation or termination in the
                           aggregate amount (net of any

<PAGE>   8

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 8 OF 13

                           required withholdings and Disability payment offsets
                           as provided in Section 6) equal to two years of
                           Executive's Base Compensation and auto allowance, if
                           any, then in effect, provided that in the event of
                           Executive's death prior to the receipt of all
                           payments, any remaining payments shall be made in a
                           lump sum to Executive's designated beneficiary or, if
                           none, to Executive's estate.

                  (3)      BENEFITS. Following any resignation or termination
                           for which a payment under Section 7(a)(2) is owing,
                           Executive, or Executive's spouse and eligible
                           dependents in the event of Executive's death, shall
                           continue to participate at the expense of the Company
                           for a period of twenty-four (24) months following
                           such resignation or termination in the same or
                           comparable hospital, medical, accident, disability
                           and life insurance benefits as Executive participated
                           in immediately prior to resignation or termination of
                           Executive's employment unless by law, the terms of
                           any insurance policy or the terms of the applicable
                           benefit plans, continued coverage is not permitted,
                           provided that the Company at its sole option may
                           elect at any time subsequent to termination of
                           Executive's employment to pay 1) provided Executive
                           submits reasonable substantiation therefore, the
                           amount of premium actually being paid by Executive
                           for equivalent coverage or 2) if such substantiation
                           is not submitted, the equivalent of the amount of the
                           monthly premiums (determined by reference to the
                           amount charged generally for continuation coverage
                           for terminated employees). Executive and eligible
                           dependents may continue coverage under such benefit
                           plan for subsequent periods and subject to applicable
                           premium contributions, to the extent permitted by law
                           or by such plans. To the extent that during
                           Executive's employment, any such benefits were part
                           of a program of benefits for Senior Level Executives
                           of the Company, generally, then any subsequent
                           modification, substitution, or termination of any
                           such benefits, generally, shall also apply to
                           Executive and to the benefits available to Executive
                           pursuant to this Section 7(a)(3).

                  (4)      ANNUAL BONUS PLANS. An amount equal to a full year's
                           participation in the annual bonus plan then in effect
                           during the fiscal year in which Executive's
                           termination of employment is effective as provided
                           for in Section 2 hereof shall be paid to Executive
                           within the time period prescribed by such plan, (i.e.
                           the Executive will be paid based upon actual results
                           as if the Executive had been employed the full twelve
                           months and had received the full twelve month Base
                           Compensation). In addition, any payments due
                           Executive under the incentive plans then in effect as
                           provided for in Section 2 hereof (other than any
                           annual bonus plans) in accordance with the terms of
                           such plans shall be paid to Executive within the time
                           period prescribed by such plans.

(1)      Retirement Income. Executive shall be paid the retirement income
         provided in Section 2 (g) hereof, payable in accordance with the
         provisions of Section 2 (g).

<PAGE>   9
                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 9 OF 13

         (b)      PROCEDURES. For purposes of this Section 7, the following
                  procedure shall be used to determine whether the Company has
                  failed to honor any of its obligations under this Agreement;
                  (i) Executive shall submit a claim to the Company's Board of
                  Directors specifically identifying the nature of the failure;
                  (ii) within thirty (30) days of receipt of such claim, the
                  Board of Directors shall determine whether they agree with
                  Executive that a failure has occurred and shall communicate,
                  in writing, their determination to Executive; and (iii) if
                  Executive disagrees with the determination of the Board of
                  Directors, Executive, within ten (10) days of Executive's
                  receipt of such determination, may submit the claim to
                  arbitration in accordance with the provisions of Section 16 of
                  this Agreement, and such determination shall be final and
                  binding upon the Company and Executive.

         (c)      SOLE REMEDY. The payments provided in this Section 7 shall
                  represent the sole remedy for any claim Executive may have
                  arising out of the Company's failure to honor its obligations
                  and termination without Good Cause. The Company may condition
                  payment of amounts due under this Section 7 (other than
                  Retirement Income and payments due to Disability) upon the
                  receipt of a release and covenant not to sue in a form
                  reasonably satisfactory to the Company.

         SECTION 8 - TERMINATION FOR GOOD CAUSE.

         (a)      GENERALLY. The Company shall have the right to terminate
                  Executive's employment with the Company under this Agreement
                  for Good Cause. As used in this Agreement, the term "Good
                  Cause" shall mean:

                  (1)      Any wrongful act or acts by Executive, adverse to the
                           interests of the Company, resulting in, or intended
                           to result directly or indirectly in, significant or
                           personal enrichment of Executive;

                  (2)      a material failure by Executive substantially to
                           perform his duties with the Company (other than any
                           such failure resulting from incapacity due to mental
                           or physical illness), and such failure results in
                           demonstrably material injury to the Company;

                  (3)      the willful, wanton, or reckless failure by Executive
                           properly to perform his duties with the Company
                           (other than such failure resulting from incapacity
                           due to mental or physical illness); or

                  The conviction of a felony.

<PAGE>   10

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 10 OF 13

         (b)      CONDUCT NOT CONSTITUTING GOOD CAUSE. Executive's employment
                  shall in no event be considered to have been terminated by the
                  Company for Good Cause if such termination took place as the
                  result of (i) bad judgment or negligence, or (ii) any act or
                  omission reasonably believed in good faith to have been in or
                  not opposed to the interest of the Company.

         (c)      NOTICE. In the event the Company seeks to terminate this
                  Agreement for Good Cause, the Company shall provide written
                  notice to Executive of the conduct which the Company believes
                  constitute Good Cause. Executive shall have 10 business days
                  from receipt of such notice to provide the Company of a
                  written statement setting forth i) reasons, if any, that such
                  conduct does not constitute Good Cause or ii) Executive's
                  recommendation for a remedy for cure. Within 10 business days
                  of receipt of such statement, the Company shall notify
                  Executive in writing whether it accepts Executive's statement
                  or whether the Company intends to proceed to terminate this
                  Agreement for Good Cause. During the notice periods provided
                  in this Section, the Company may place Executive on paid leave
                  of absence status.

         (d)      PROCEDURES. Executive shall not be deemed to have been
                  terminated for Good Cause unless and until there shall have
                  been delivered to Executive a copy of a resolution duly
                  adopted by the affirmative vote of not less than sixty percent
                  (60%) of the entire membership of the Board of Directors
                  (excluding Executive if a member of the Board) at a meeting of
                  the Board (after reasonable notice to Executive and an
                  opportunity for Executive, together with Executive's counsel,
                  to be heard before the Board), finding that, in the good faith
                  opinion of the Board, Executive was guilty ofany of the
                  conduct set forth above in clauses (a)-(c),(e) and (g) above.
                  However, pending a final determination of the Board, the Board
                  shall have the authority to place Executive on "leave of
                  absence status", with or without pay in the sole discretion of
                  the Board as determined by a majority of the Board, provided
                  that the Board shall make a final determination within a
                  reasonable time under the facts and circumstances and that if
                  Good Cause is not found Executive shall be paid retroactively
                  for any unpaid leave of absence.

         (e)      FURTHER OBLIGATIONS. In the event that the Company shall
                  terminate Executive's employment under this Agreement for Good
                  Cause, the Company shall have no further obligation to
                  Executive under this Agreement except to pay Executive's Base
                  Compensation, auto allowance, if any, and unused vacation
                  earned through the date of termination, on or before the next
                  regularly scheduled pay date after termination and to perform
                  such other obligations as imposed by law.

         SECTION 9 - VOLUNTARY TERMINATION OTHER THAN SECTION 7. Executive may
voluntarily terminate Executive's employment with the Company under this
Agreement, other than as provided in Section 7 hereof, upon not less than ninety
(90) days prior written notice to the Company. In

<PAGE>   11

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 11 OF 13

the event that Executive terminates Executive's employment pursuant to this
Section 9, the Company shall have no further obligation to Executive under this
Agreement except to pay Executive's Base Compensation, auto allowance, if any,
and unused vacation earned through the date of resignation and to perform such
other obligations as imposed by law. Notwithstanding the preceding sentence,
Executive shall also be paid the retirement income provided for in Section 2 (g)
hereof provided Executive satisfies the requirements contained in Section 2 (g).
In the event of Executive's voluntary resignation, the Company may remove
Executive from Executive's position and require partial or no further services
from Executive provided that the Company shall continue to pay and provide
benefits to Executive until the expiration of the notice period.

         SECTION 10 - TERMINATION UPON DEATH. Executive's employment under this
Agreement shall terminate upon the death of Executive. Upon such termination,
Executive's designated beneficiary, or Executive's personal representative shall
receive the payments/benefits described below from the Company:

         (a)      SALARY. Executive's unpaid Base Compensation, auto allowance,
                  if any, earned through the date of termination and a lump sum
                  payment for any unused vacation shall be paid on or before the
                  next regularly scheduled pay date after termination, and
                  Executive's Base Salary and auto allowance, if any, for a
                  period of 90 days from the date of death payable in
                  installments on regularly scheduled pay dates.

         (b)      BONUS. An amount equal to a full year's participation in the
                  annual bonus plan then in effect as provided for in Section
                  2(d) hereof shall be paid within the time period prescribed by
                  such plan (i.e. the Executive will be paid based upon actual
                  results as if the Executive had been employed the full twelve
                  months and had received the full twelve month Base
                  Compensation).

         (c)      BENEFITS. Benefits will continue for Executive's spouse and
                  eligible dependents in accordance with Company policy and as
                  required by law.

         (a)      RETIREMENT INCOME. The retirement income shall be paid as
                  provided in Section 2 (g) hereof.

         SECTION 11 - POST TERMINATION CONSULTING AND COOPERATION. For the two
year period subsequent to the termination of Executive's employment under this
Agreement, regardless of whether such termination is by Executive or by the
Company or whether it is with or without Good Cause, Executive, at the sole
discretion of the Company, shall provide the Company and its designated agents,
advisors, and executives with such consultation as the Company may reasonably
request concerning matters within the scope of Executive's duties. However,
Executive shall have no consulting obligation under this Section 11 if Executive
resigns under circumstances, which entitle Executive to payments under Section 7
hereof.

<PAGE>   12

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 12 OF 13

         Executive further agrees that Executive shall cooperate with the
Company in any legal proceedings involving the Company or its subsidiaries
(including attendance at depositions or other proceedings as requested by the
Company) in connection with matters relating to events or conduct occurring (or
claimed to have occurred) during the period of Executive's services with the
Company.

         The Company shall pay Executive an hourly rate of one hundred fifty
dollars ($150.00) per hour and reimburse Executive for all reasonable expenses
and out-of-pocket costs incurred in connection with fulfilling Executive's
obligations under this Section 11. The Company shall endeavor to schedule such
consulting and cooperation so that Executive's obligations under this Section 11
to assist Company shall not unreasonably interfere with Executive's business
prospects or responsibilities to a new employer.

         SECTION 12 - BREACHES AND REMEDIES. Executive acknowledges and agrees
that in the event that Executive violates the undertakings set forth in Section
4 or 5 hereof, other than in an immaterial fashion, in addition to any other
rights or remedies to which it may be entitled under law or this Agreement, the
Company shall, except as prohibited by applicable law, cease making any
severance or other payments hereunder and shall be entitled to enforce the
provisions of Section 4 or 5 by injunction or other equitable relief, without
having to prove irreparable harm or inadequacy of money damages.

         SECTION 13 - SEVERABILITY. The provisions contained in this Agreement
are severable and in the event any provision shall be held to be invalid,
unenforceable or overbroad, in whole or in part, by a court of competent
jurisdiction, the remainder of such provision and of this Agreement shall not be
affected thereby and shall be given full force and effect.

         SECTION 14 - NOTICES. Any notices, requests, demands, or other
communications provided for by this Agreement shall be sufficient if made in
writing delivered personally or if sent by registered or certified mail, return
receipt requested.

         SECTION 15 - SUCCESSORS AND ASSIGNS. This Agreement shall be binding
upon and inure to the benefit of the Company, its successors and assigns, and to
the benefit of Executive, Executive's heirs and legal representatives, except
that Executive's duties to perform future services are expressly agreed to be
personal and not to be assignable or transferable.

         SECTION 16 - APPLICABLE LAW, ARBITRATION AND JURISDICTION. This
Agreement shall be governed by and construed under the laws of the State of
Ohio. The parties agree that any dispute arising out of this employment
relationship except for disputes arising under Sections 4 and 5 of this
Agreement shall be settled by arbitration conducted in accordance with the rules
of conciliation and arbitration of the American Arbitration Association, such
arbitration to be conducted in Cleveland, Ohio, or at such other location as the
parties may agree. Costs of such arbitration, including Executive's attorneys
fees (to the extent such fees are reasonable), shall be borne by the Company.
Discovery shall be permitted in the arbitration and the arbitrator shall have
the authority to grant such remedies as are available under applicable law. With
respect to disputes arising under Sections 4 and 5 of this Agreement, Executive
and the Company consent and submit themselves to the jurisdiction of the courts

<PAGE>   13

                              EMPLOYMENT AGREEMENT
                              --------------------
                                NOVEMBER 2, 2000
                                  PAGE 13 OF 13

of the State of Ohio.

         SECTION 17 - AMENDMENT. This Agreement may be amended only by a written
document signed by both parties.

         SECTION 18 - NO WAIVER. No waiver by either party at any time of any
breach by the other party of, or compliance with, any condition or provision of
this Agreement to be performed by the other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same time or any prior or
subsequent time.

         SECTION 19 - HEADINGS. The headings contained in this Agreement are for
reference only and shall not affect the meaning or interpretation of any
provision of this Agreement.

         SECTION 20 - PRIOR AGREEMENTS. This Agreement supersedes in all
respects all prior employment agreements between the parties, whether written or
oral, regarding the subject matter hereof, including, but not limited to, the
employment agreement entered into between the parties effective April 1, 1998.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first above written.

                                                CORRPRO COMPANIES, INC.

                                         By:    /s/ MICHAEL A. BAACH
                                                -------------------------------

                                         Its:   Executive Vice President
                                                -------------------------------
                                                           "COMPANY"

                                                /s/ JOSEPH W. ROG

                                                -------------------------------
                                                           "EXECUTIVE"

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