Document:

Exhibit 10.6

 

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(hereinafter referred to as the “Employment Agreement”) is made and entered into as of the 1st day
of July, 2014, by and between Versar, Inc., a Delaware corporation (hereinafter referred to as the “Employer”
or “Versar”), and Wendell A. Newton, a resident of the State of Georgia (hereinafter referred to as the “Employee”).

 

W I T N E S S E T H:

 

WHEREAS, as of the
date hereof and under the terms of a Stock Purchase Agreement, dated as of June 30, 2014 (the “Purchase Agreement”),
Versar purchased from the shareholders of J.M. Waller & Associates, Inc., a Virginia corporation (the “Company”),
all of the issued and outstanding shares of capital stock of the Company (the “Acquisition”);

 

WHEREAS, prior to the
Acquisition, Employee was the Executive Vice President of the Company;

 

WHEREAS, following
the Acquisition, the Employer desires to employ the Employee as a Senior Vice President, Professional Services Group, and the Employee
desires to accept employment on the terms and conditions hereinafter stated;

 

WHEREAS, in the course
of his employment with the Company and Versar, the Employee has gained and will gain (i) knowledge of the business, affairs, customers
and methods of the Company and Versar, including their techniques for offering and delivering services, all at the Company’s
or Versar’s expense, (ii) access to lists of the Company’s and Versar’s customers and their needs, and (iii)
relationships with the Company’s and Versar’s customers; and

 

WHEREAS, the Company
and Versar would suffer irreparable harm if the Employee were to use such knowledge, information and personal relationships in
competition with the Company or Versar.

 

NOW, THEREFORE, for
and in consideration of the employment of Employee by the Employer, and for and in consideration of the premises, the mutual covenants
and agreements hereinbelow set forth, the Employer and the Employee covenant and agree as follows:

 

		1.	Definitions.

 

(a)               
“Affiliate” as used herein with respect to a specified person shall mean a person that directly, or indirectly
through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified.

 

(b)              
“Board” as used herein means the Board of Directors of Employer.

 

(c)               
“Business” as used herein means the business currently conducted by the Company and Versar.

 

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(d)              
“Cause” as used herein means the following: (i) the conviction of the Employee of, or the entry of a
plea of guilty or nolo contendere by the Employee, to any felony or misdemeanor involving moral turpitude; (ii) fraud, misappropriation
or embezzlement by the Employee; (iii) the Employee’s willful failure, gross negligence or gross misconduct in the performance
of his assigned duties for the Employer; (iv) the Employee’s breach of a fiduciary duty to the Employer; (v) any act
or omission of the Employee not at the express direction of the Board of Directors or other appropriate authority that reflects
adversely on the integrity and reputation for honesty and fair dealing of the Employer or has a material detrimental effect on
the Employer’s financial condition, position or business; (vi) any action by the Employee which results in loss of his security
clearance; or (vii) the breach by the Employee of any material term of this Employment Agreement (provided that in
the case of clauses (iii), (iv), (v) or (vii), to the extent the act, breach or other event may be cured by Employee’s further
action, Employer shall have provided Employee with written notice thereof and Employee shall have failed to cure or remedy such
act, breach or other event within ten (10) days following receipt of such notice).

 

(e)               
“Disability” means “disability” as defined in any group long-term disability insurance maintained
by Employer applicable to Employee, or, if no such insurance is maintained, “Disability” means a determination
by the Board, acting reasonably and in good faith, that the Employee is incapacitated by reason of a physical or mental illness
which is long-term in nature (but in no event less than one hundred twenty (120) days) and which prevents the Employee, with reasonable
accommodation to the extent required by applicable law, from performing the substantial and material duties of his employment under
this Employment Agreement. The Employer may require the Employee to have a physical examination at any time for the purpose of
determining whether or not the Employee has a long-term disability, and the Employee agrees to submit to such examination upon
request of the Board.

 

(f)               
“Duties” as used herein means the Duties shown on Schedule A, which is attached to this Employment
Agreement and thereby made an integral part hereof.

 

(g)              
 “Effective Date” as used herein means the Effective Date shown on Schedule A.

 

(h)              
“Employment Termination Date” as used herein means the effective date Employees’ employment is
terminated.

 

(i)                
“Good Reason” as used herein means: (i) the required relocation of Employee, without Employee’s
consent, to an employment location which is more than a fifty (50) mile commute from the Atlanta office of Employer; (ii) the breach
or violation of any material provision of this Employment Agreement by the Employer; or (iii) a material diminution in the duties
of employment of Employee not commensurate to a Senior Vice President (provided that in the case of clauses (ii) or (iii),
Employee shall have provided Employer with written notice of the acts, breaches or other events that would otherwise constitute
“Good Reason” hereunder and Versar shall have failed to cure or remedy such acts, breaches or other events within ten
(10) days following receipt of such notice).

 

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		2.	Employment.

 

(a)               
During the term, the Employer employs the Employee as Senior Vice President, Professional Services Group, of Employer. In
such position, the Employee shall perform the Duties for the term hereof, and the Employee hereby accepts and agrees to such employment,
subject to the provisions of this Employment Agreement.

 

(b)              
Subject to Section 3 below, the Employee agrees to devote his full working time, energy and skill, requiring a minimum
of forty (40) hours per week but such hours that are reasonable, to the performance of the Duties as a full time employee of the
Employer (vacation time as shown on Schedule A, Employer holidays, and reasonable absences due to illness excepted).

 

(c)               
The Employee agrees that he shall faithfully and industriously perform the Duties to the best of his ability and in accordance
with the Employer’s direction and control pursuant to the terms of this Employment Agreement.

 

(d)              
The term of Employee’s employment under this Employment Agreement shall commence on the Effective Date and continue
for a period of twelve (12) months or as until terminated in accordance with Section 5 below. If Employee’s employment
is not terminated in accordance with Section 5 of this Agreement, he will become an employee at will effective July 1, 2015.

 

(e)               
The Employee shall receive compensation from the Employer as shown on Schedule A in full payment for all of his services
hereunder and all rights granted herein.

 

		3.	Other Employment/Activities.

 

(a)               
During the term of this Employment Agreement and except as otherwise provided in this Section 3, the Employee shall
work full time for Employer and shall not be employed by, or involved as an officer, director, consultant, owner (including stockholder,
member, or partner), or otherwise, in any other business activity for gain, profit or other pecuniary advantage. Notwithstanding
the foregoing, the prohibitions and restrictions of this Section 3(a) shall not prohibit Employee from directly or indirectly
owning up to three percent (3%) of the shares or other equity of any public company.

 

(b)              
The Employer acknowledges and agrees that the Employee may (i) volunteer services for or on behalf of such religious, educational,
non profit and/or other charitable organization as the Employee may wish to serve and (ii) manage his personal, financial and legal
affairs.

 

		4.	Representations.

 

(a)               
The Employee hereby represents and warrants that he has the right to enter into this Employment Agreement with the Employer
and to grant the rights contained herein, and that the provisions of this Employment Agreement do not violate any other contracts
or agreements that he has entered into with any other individual or entity.

 

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(b)              
The Employee hereby represents and warrants to Employer that the execution of this Agreement by the Employee, his employment
by Employer and the performance of his duties hereunder will not violate or be a breach of any agreement with a former employer,
client or any person. Further, Employee agrees to indemnify and hold harmless the Employer and its officers, directors, representatives
and Affiliates for any claim, including, but not limited to, reasonable attorney’s fees and expenses of investigation, of
any such third party that such third party may now have or may hereafter come to have against Employer or such other persons, based
upon or arising out of any non-competition agreement, invention, secrecy or other agreement between Employee and such third party
that was in existence as of the date of this Agreement.

 

5.           
Termination. Employee’s employment may be terminated (a) by Employer (i) for Cause pursuant to Section 5(a)
or (ii) otherwise at any time for reasons other than Cause pursuant to Section 5(b); (b) by Employee (i) for Good Reason
pursuant to Section 5(c); or for other than Good Reason pursuant to Section 5(d); or (c) by reason of Employee’s
death or disability pursuant to Section 5(e) below.

 

(a)               
The Employer may terminate the Employee’s employment under this Employment Agreement at any time for Cause upon giving
the Employee a written notice of termination stating specifically the reason for such for termination for Cause and where applicable
under Section 1(d) providing the opportunity for cure. In the event of a termination of Employee’s employment under this
Employment Agreement for Cause, the Employee shall receive the Base Salary through Employment Termination Date.

 

(b)              
Subject to the provisions of Section 5(d) with respect to termination (by the Employer or otherwise upon the death
or Disability of the Employee), the Employer may terminate the Employee’s employment under this Employment Agreement at any
time for reasons other than for Cause upon giving the Employee at least thirty (30) days notice of termination. If Employee’s
employment is terminated without Cause (and not on account of death or Disability), then (i) Employee shall receive any unpaid
Base Salary through the Employment Termination Date and (ii) as long as Employee (A) executes a release in the form attached hereto
as Exhibit B (and such release is not revoked during any revocation period provided for in the release, with the
executed release being received no later than that date which will result in lapse of any revocation period occurring not later
than thirty (30) days following the date of the Employment Termination Date) and (B) has and continues to comply with the requirements
of Sections 6 and 7 hereof, the Employer, during the Severance Period, shall continue to pay the Employee’s Base Salary as
in effect on the Employment Termination Date (any such payments being hereinafter referred to as the “Termination Payments”).
The “Severance Period” is as set forth on Schedule A. The Termination Payments, if any, shall be due and payable
in installments on the same schedule as the Employer’s general payroll. All Termination Payments shall be paid subject to
all legally required payroll deductions and withholdings. Any payments required to be made pursuant to this Section 5(b) prior
to the thirtieth (30th) day following the Employment Termination Date (the “First Pay Date”) and
which the Employer has not paid prior to such thirtieth (30th) day shall be paid by the Employer in a single lump sum
on the first regularly scheduled payroll date on or following the earlier of (i) the First Pay Date, or (ii) delivery of the release
described above and the expiration of all revocation periods, but in no event earlier than the Employment Termination Date.

 

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(c)               
The Employee may terminate his employment under this Employment Agreement at any time for Good Reason upon giving the Employer
not less than thirty (30) days prior written notice (which notice shall describe the reason for termination) and where applicable
under Section 1(j) provides opportunity to cure. If (i) Employee terminates his employment for Good Reason, and (ii) executes a
release in the form attached hereto as Exhibit B, and (iii) has and continues to comply with the requirements of
Sections 6 and 7 hereof; then the Employee shall be entitled to the Termination Payments provided for in Section 5(b).

 

(d)              
Employee may terminate his employment under this Employment Agreement at any time for other than Good Reason upon giving
the Employer not less than thirty (30) days prior written notice. In the event of a termination by Employee of his employment under
this Section 5(d), the Employee shall receive the Base Salary through the date of his termination. Notwithstanding the foregoing,
the Employment Termination Date shall be effective when and as determined by the Employer in its sole and absolute discretion prior
to the expiration of the 30-day notice period, provided that, Employer continues to pay Employee for the 30-day period
following receipt of such notice.

 

(e)               
Upon Employee’s death during the term of this Agreement or Employer’s termination of Employee’s employment
for Disability, Employer shall pay the Employee’s Base Salary through the date of Employee’s death or the Employment
Termination Date.

 

(f)               
Notwithstanding anything to the contrary contained herein, the Employer and the Employee specifically acknowledge and agree
that Sections 5, 6, 7, 8 and 9 hereof shall survive termination of the Employee’s employment under this Employment Agreement
and that Sections 5, 6, 7, 8 and 9 shall continue to be in full force and effect after termination of the Employee’s employment
under this Employment Agreement.

 

(g)              
Employee agrees prior to commencing any employment during the Severance Period that he will provide written notice to the
President and Chief Executive Officer of Versar.

 

(h)              
In the event of any termination of Employee’s employment under this Agreement, the Employee shall have no obligation
to seek other employment.

 

(i)The provisions of Sections 5(b)
and (c) notwithstanding, Employee shall have the election not to execute the Exhibit B release and to pursue his remedies,
in which case Employee shall not be deemed to have waived his rights, if any, to any Base Salary and Termination Payments otherwise
due under the terms of this Agreement, as finally determined by a court of competent jurisdiction.

 

6.           
Confidential Information. The Employee acknowledges that all confidential information regarding the Business is the
exclusive property of the Employer and/or its Affiliates. On the Employment Termination Date, if Employee voluntarily separates
from Employer, or within ten (10) business days after the Employment Termination Date in all other cases, the Employee shall return
to the Employer all copies of any material involving such confidential information, and the Employee agrees that he will not, directly
or indirectly, divulge or use such information, whether or not such information is in written or other tangible form. The Employee
also shall return to the Employer by that date any other items in his possession, custody or control that are the property of the
Employer or any of its Affiliates. This Section is intended to cover confidential information of the Company and Versar that relates
to the Business that (i) has not or does not become generally available to the public other than as a result of a disclosure by
the Employee, or (ii) with respect to confidential information regarding the Company or Versar, (A) was not within the Employee's
possession prior to its being furnished to the Employee by or on behalf of the Company or Versar or (B) becomes available to the
Employee on a non-confidential basis from a source other than the Company or Versar; provided that Employee shall
have the burden of proving, by clear and convincing evidence, the application of the foregoing clause (ii). This Section shall
not apply to Employee responses that may be required by proper governmental or judicial inquiry.

 

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7.           
Non-Solicitation and Non-Competition.

 

(a)               
During the “Non-Competition Period” (hereinafter defined), as long as Versar is not in default of its obligations
under Section 5(b), the Employee shall not directly or indirectly (i) employ or solicit for employment, or assist in any way in
solicitation for employment, any person employed by the Employer or any of its Affiliates then or at any time within the preceding
eighteen (18) months; (ii) solicit, or assist in any way in the solicitation of “Business” (hereinafter defined)
from any of the Employer’s or any of its Affiliates’ customers with whom Employee has had material contact or prospective
customers with whom Employee has had material contact, either for the Employee’s own benefit or the benefit of anyone other
than the Employer or any of its Affiliates, unless the business being solicited is not competitive with the services or products
provided by the Employer or any of its Affiliates; or (iii) induce or attempt to induce any of the Employer’s or any of its
Affiliates’ customers with whom Employee has had material contact or prospective customers with whom Employee has had material
contact to reduce its purchase of services or products from the Employer or any of its Affiliates or to cease having the Employer
or any of its Affiliates provide services or prospective services or having the Employer or any of its Affiliates develop products
or prospective products for any such customer or prospective customer.

 

(b)              
For purposes of this Employment Agreement, the term “Non-Competition Period” shall include the period
that Employee is employed or retained by Employer (or an Affiliate or subsidiary of Employer) and after Employer’s employment
ceases, then for a period equal to twelve (12) months after the Employment Termination Date; provided, however, that
in all events Employer, by written notice to Employee not later than four (4) months following the Employment Termination
Date, may extend the Non-Competition Period for an additional twelve (12) months. During any extended Non-Competition Period, Employer
shall pay to Employee Employee’s Base Salary (as in effect on the Employment Termination Date) in pay periods and on the
same schedule as Employer’s general payroll, subject to all legally required payroll deductions and withholdings.

 

(c)               
For purposes of this Employment Agreement, the term “Business” shall mean the provision of products or services
offered by Employer to any customers, including but not limited to the United States of America.

 

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8.             Assignment of Inventions and Innovations.

 

(a)               
The Employee shall and hereby covenants and agrees to and does hereby, without charge to the Employer but at the Employer’s
expense, transfer and assign to the Employer all right, title, interest, claim and demand of the Employee in to and under and by
virtue of any and all inventions, creations, discoveries, improvements, ideas, algorithms, computer software programs or other
technology or other works of authorship, and all related documentation, relating to the Business, whether or not patentable, copyrightable
or susceptible to other forms of protection, which, during the term of the Employee’s employment with the Employer, the Employee
makes, creates, develops, writes or conceives whether during or outside of the Employee’s regular working hours, either solely
or jointly with another (hereinafter collectively referred to as the “Innovations”). The Employee hereby covenants
and agrees that all such Innovations shall be deemed to be works made-for-hire for the Employer.

 

(b)              
The Employee hereby covenants and agrees without charge to the Employer but at the Employer’s expense: (i) to disclose
promptly to the Employer all Innovations; (ii) upon the Employer’s request, to execute promptly a specific assignment to
the Employer of all rights, title, interest, claim and demand of the Employee in, to, and under and by virtue of the Innovations;
and (iii) to do anything else and to execute any all documents reasonably necessary to enable the Employer to secure patents, copyrights
or other forms of intellectual property protection for the Innovations in the United States of America and in other countries and
territories of the world.

 

9.            Unique Nature of Services and Covenants and Employment Agreements.

 

(a)               
It is agreed that the services to be rendered by the Employee under the terms of this Employment Agreement are of a unique,
unusual, special and extraordinary nature, and of a peculiar value, the loss of which cannot be reasonably or adequately compensated
in damages in any action at law, and that a breach by the Employee will cause the Employer and its Affiliates great and irreparable
injury and damage. It is agreed that the Employer, in addition to any other remedies, shall be entitled to injunctive and other
equitable relief to prevent a breach of this Employment Agreement by the Employee.

 

(b)              
The parties hereto agree that by virtue of the special knowledge that the Employee will gain about the affairs, business,
operations, customers, and other employees of the Employer and its Affiliates as a consequence of the Employee rendering services
to the Employer under this Employment Agreement, irreparable loss and damage would be suffered and incurred by the Employer and
its Affiliates if the Employee should breach or violate any of the covenants or agreements contained in Sections 6, 7, or 8
hereof and that money damages alone may not be an adequate remedy for the loss and damage which would be suffered and incurred
by the Employer and its Affiliates in the event of such breach or violation; and the parties hereto further acknowledge and agree
that each of such covenants and agreements are reasonably necessary to protect and preserve the Business. The Employee therefore
agrees and consents that, in addition to any other remedies available to the Employer, at law or in equity, the Employer may seek
a restraining order, preliminary injunction, injunction, or other similar remedy to prevent a breach or violation or contemplated
breach or violation by the Employee of any of the covenants or agreements contained in Sections 6, 7, or 8 hereof. In the
event the Employer seeks an injunction hereunder, the Employee hereby waives any requirement for the posting of a bond or other
security.

 

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10.           General.

 

(a)This Employment
Agreement shall be binding upon and inure to the benefit of the executors, administrators, heirs, successors and assigns of the
parties; provided, however, that except as herein expressly provided, this Employment Agreement shall not be assignable either
by the Employer or by the Employee. Notwithstanding the foregoing, Employer may assign this agreement to any of its Affiliates
without Employee’s consent, and no change of control of Employer shall be deemed to constitute an assignment of this Agreement.

 

(b)A waiver by either
party of any paragraph, term or condition of this Employment Agreement in any instance shall not be deemed or construed to be a
waiver of such paragraph, term or condition for the future or of any subsequent breach thereof, and any such waiver must be in
writing. All rights and remedies contained in this Employment Agreement are cumulative and none of them shall be construed so as
to limit any other right or remedy of either party.

 

(c)All notices and
other communications permitted or required by the provisions of this Employment Agreement shall be in writing and shall be personally
delivered, sent through the United States Postal Service or any official successor thereto, designated as registered or certified
mail, return receipt requested, bearing adequate first class postage and addressed as hereinafter provided, or sent by overnight
courier. Notices delivered in person shall be effective upon the date of delivery. Notices by mail shall be effective upon the
receipt thereof by the addressee or upon the fourth (4th) calendar day subsequent to the postmark date, whichever is earlier. Rejection
or the refusal to accept or the inability to deliver because of a change in address of which no notice was given as provided herein
shall be deemed to be receipt of the notice sent as of the fourth (4th) calendar day subsequent to the postmark date. By giving
to the other party hereto at least thirty (30) days’ notice thereof, any party hereto shall have the right from time to time
and at any time while this Employment Agreement is in effect to change the respective addresses thereof and each shall have the
right to specify as the address thereof any other address within the continental United States of America. Each notice to the Employee
or the Employer shall be addressed, until notice of change as aforesaid, as set forth on the signature page.

 

(d)This Employment
Agreement shall be governed and construed as to both substantive and procedural matters in accordance with the laws of the Commonwealth
of Virginia, United States of America. This Employment Agreement contains the entire understanding of the parties hereto with respect
to the subject matter hereof and, except as provided herein, supersedes all previous written and oral agreements between the parties
with respect to the subject matter set forth herein. This Employment Agreement may not be modified or amended except by a writing
signed by both of the parties hereto. The invalidity or unenforceability of any particular term or provision of this Employment
Agreement shall not affect the validity or enforceability of any other term or provision hereof, and this Employment Agreement
shall be construed in all respects as if such invalid or unenforceable term or provision were omitted. This Employment Agreement
may be executed in counterparts, each of which shall be deemed an original, but both of which shall constitute one and the same
agreement.

 

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IN WITNESS WHEREOF,
the Employer has caused this Employment Agreement to be executed by its duly authorized representative and the Employee has executed
this Employment Agreement as set forth below.

 

	 	EMPLOYER:
	 	 
	 	VERSAR, INC.
	 	 
	 	By: /s/
    Jeffrey A. Wagonhurst                     
	 	Name: Jeffrey A. Wagonhurst
	 	Title: President / COO                                     
	 	 
	 	Address for notice purposes:
	 	 
	 	Versar, Inc.
	 	6850 Versar Center
	 	Springfield, Virginia  22151
	 	Attention: James Villa
	 	 
	 	 
	 	EMPLOYEE:
	 	 
	 	 
	 	 
	 	/s/ Wendell A. Newton                                 
	 	Wendell A. Newton
	 	 
	 	Address for notice purposes:
	 	 
	 	373 Goza Road
	 	Fayetteville, GA 30215
	 	________________________________

 

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SCHEDULE A

 

1.      DUTIES
will entail serving as Senior Vice President, Professional Services Group of Versar, Inc. In such capacity, Employee will report
directly to Jeffrey A. Wagonhurst, Sr., the President and Chief Operating Officer of Versar, or his successor, and perform such
duties and responsibilities as may be directed or assigned to him commensurate with such position.

 

2.      EFFECTIVE
DATE is July 1, 2014.

 

3.      COMPENSATION.
The Employer shall pay the Employee compensation as follows:

 

(a)      Base
Salary. From the Effective Date, the Employee shall be paid an annual base salary at a rate of $190,000 per annum (hereinafter
referred to as the “Base Salary”). The Base Salary shall accrue and be due and payable in equal, or as nearly
equal as practicable, installments on the regular payroll schedule as the Employer may implement from time to time for general
payroll purposes. The Employer may deduct from each payment to Employee any and all amounts required to be deducted or withheld
for general payroll purposes in accordance with the provisions of federal law and any applicable state law now in effect or hereafter
in effect including without limitation, state and federal income withholding, FICA and other withholding tax requirements, and
such other deductions permitted by the Employer which Employee may authorize from time to time

 

(b)      Bonus. The Employee shall be eligible to receive
an annual discretionary bonus of up to thirty-five percent (35%) of the Base Salary during the term of this Employment Agreement.
The actual bonus awarded, if any, will be based on the Employee achieving specific performance objectives established by Versar
and Employee, as well as the Company’s overall financial performance, and will be pro-rated from the Effective Date for Versar’s
current fiscal year. 

 

(c)      Allowance. Beginning
on January 1, 2015, Employee shall receive an allowance from Versar in the amount of $269.23 per pay period, representing an annualized
total of $7,000.

 

(d)      Restricted Stock. Versar
will issue, subject to approval of the Compensation Committee of the Board of Directors of Versar and his execution of a Restricted
Stock Unit Award Agreement, 7,500 shares of Versar common stock, par value $.01 per share, which shares will be “restricted”
and subject to forfeiture (the “Restricted Shares”). All of these Restricted Shares will be issued by Versar
as promptly as possible after the Effective Date and vest over a two-year period. The Restricted Shares will be issued under, and
otherwise be subject to the terms and conditions of, a Versar incentive stock plan.

 

4.      PAID TIME
OFF. During each calendar year during the Term, the Employee shall be entitled to accrue five (5) weeks of paid vacation, at
the rate of 7.69 hours per pay period. The Employee may carryover unused vacation days from year to year consistent with the existing
leave policies of J.M. Waller Associates, Inc. Upon termination of this Agreement under Section 5, Employer shall promptly
pay Employee for all unused vacation consistent with the existing leave policies of J.M. Waller Associates, Inc., which allows
for payment for up to eighty (80) hours of leave. Effective January 1, 2015, Employee shall be subject to Versar’s current
PTO policy, a copy of which is attached to this Agreement. Employee shall be entitled to all paid holidays and other paid time
off provided by Employer to its employees.

 

5.      BENEFITS. 
In addition to the compensation received by Employee as specified above, Employee shall be eligible to and receive the other benefits
made available to full-time employees of Employer.

 

6.      EXPENSE REIMBURSEMENT.
Employee shall be reimbursed in accordance with Employer’s standard policies and procedures for all approved, reasonable
and necessary expenses incurred by him in connection with the performance of his duties of employment hereunder; provided Employee
shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with said reimbursement
policies.

 

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EXHIBIT B

 

GENERAL RELEASE OF ALL CLAIMS

THIS GENERAL RELEASE OF ALL CLAIMS (“Release”)
is made and entered into as of _______________, ______, by and between Versar, a Delaware corporation (“Versar”),
and Wendell A. Newton, a resident of the State of Georgia (the “Employee”). As used in this Release, the term
“Versar” will include its direct and indirect subsidiaries, divisions, related or affiliated companies, officers, directors,
stockholders, employees, successors, assigns, representatives, agents and counsel, unless the context clearly requires otherwise.

 

WHEREAS, the Employee and Versar entered
into an Employment Agreement dated as of __________ __, 2014 (the “Employment Agreement”);

 

NOW THEREFORE, in consideration of the
promises set forth in this Release, the Employee and Versar agree as follows:

 

1.      Effectiveness
of Release. This Release will be effective on the eighth day after it is executed by the Employee, provided that the Employee
has not revoked the Employee’s release as provided in Section 4(b) of this Release below (the “Effective
Date”).

 

2.      Termination
of Employment.The parties acknowledge that the Employee’s employment relationship with Versar ceased on _____________________
(the “Termination Date”).

 

3.      Resignations.The
Employee hereby resigns, effective as of the Termination Date, from all administrative, fiduciary or other positions the Employee
may hold or have held with respect to arrangements or plans for, of or relating to Versar. Versar consents to and accepts all such
resignations. After the Termination Date, neither Versar nor the Employee will represent or state to any other party that the Employee
has any authority to act for or on behalf of Versar or has any relationship with Versar (other than as a stockholder, if applicable).

 

4.      Release by
the Employee.

 

(a)      In accordance
with Section 5 of the Employment Agreement and except as otherwise provided in Sections 4(c) and 4(d) below, in consideration
for the promises contained therein and herein, the Employee hereby releases and forever discharges Versar from, and agrees not
to sue or join in any suit against Versar for, any and all charges, complaints, liabilities, claims, promises, agreements, controversies,
damages, causes of action, suits or expenses of any kind or nature whatsoever, known or unknown, foreseen or unforeseen (collectively,
“Claims”), of the following types:

 

(i)      any and all
Claims of alleged discrimination or acts of discrimination based upon race, color, sex (including sexual harassment), creed, national
origin, age, disability, religion, sexual orientation, marital status, parental status or any other violation of any equal employment
opportunity law, ordinance, rule, regulation or order (including, but not limited to, claims under Title VII of the Civil Rights
Act of 1964, as amended (“Title VII”), the Civil Rights Act of 1991, the Age Discrimination in Employment Act
of 1967, as amended (“ADEA”) (as further described in Section 4(b) below), the Americans with Disabilities
Act (“ADA”), the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the
Family Medical Leave Act, or any other federal, state or local laws or regulations regarding employment discrimination or termination
of employment);

 

    	11

    	 

    

 

(ii)      any Claim under
any local, state or federal wage, labor or hour law or regulation, wage collection law or regulation, or labor relations law or
regulation (including but not limited to the Fair Labor Standards Act and the National Labor Relations Act);

 

(iii)      any Claim
that Versar has violated any personnel policies, any handbooks, or any covenants of good faith and fair dealing between Versar
and its employees; and

 

(iv)      any Claim that
Versar has violated the terms of the Employment Agreement (but excluding any claims based on Versar's failure to pay Termination
Payments as required under the Employment Agreement).

 

(b)      The Employee acknowledges
that Versar encouraged the Employee to consult with an attorney of the Employee’s choosing prior to executing this Release,
and through this Release encourages the Employee to consult with the Employee’s attorney with respect to possible Claims
under the ADEA and that the Employee understands that the ADEA is a federal statute that prohibits discrimination, on the basis
of age, in employment, benefits, and benefit plans. The Employee wishes to waive any and all Claims under the ADEA that the Employee
may have, as of the date upon which the Employee executes this Release, against Versar, and hereby waives such Claims. The Employee
further understands that by signing this Release, the Employee is in fact waiving, releasing and forever giving up any Claim under
the ADEA that may have existed on or prior to the date upon which the Employee executes this Release. The Employee acknowledges
that the Employee is receiving consideration for the Employee’s waiver of any and all Claims under the ADEA in addition to
anything of value to which the Employee is already entitled. The Employee also acknowledges that Versar has informed the Employee
that the Employee has at the Employee’s option, twenty-one (21) days from the date this Release was first presented to the
Employee in order to consider this Release, and, if executed prior to the expiration of the twenty-one (21) day period, the Employee
does hereby knowingly and voluntarily waive all or part of said twenty-one (21) day period. The Employee also understands that
the Employee has seven (7) days following the date upon which the Employee executes this Release within which to revoke the release
contained in this Section 4(b) (the “Revocation Period”) by providing a written notice of the Employee’s
revocation of the release and waiver contained in this Section 4(b) to Versar. The release of claims under the ADEA contained
in this Section 4(b) does not become effective or enforceable until the Revocation Period has expired.

 

(c)      In no event shall
this Release be construed or deemed to waive, release, or otherwise effect in any way the rights or obligations of Employee, Versar,
or any other party to any document relating to (i) any stock of Versar owned by Employee or with respect to which Employee has
an interest, (ii) any options or warrants to purchase stock of Versar, (iii) any debt owed by Versar to Employee, other than under
the Employment Agreement, (iv) the rights and/or obligations of Employee or Versar under the Stock Purchase Agreement dated _________
__, 2014 to which the Employee and Versar are parties, and (v) any debt owed by Employee to Versar.

 

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5.      No Inconsistent
Actions; Enforcement.

 

(a)      Versar and the
Employee will not voluntarily undertake any action or course of action that is inconsistent with the provisions or essential intent
of this Release.

 

(b)      The Employee acknowledges
and agrees that the remedy at law available to Versar for breach of any of the Employee’s obligations under Section 4
herein would be inadequate and that damages flowing from such a breach may not readily be susceptible to being measured in monetary
terms. Accordingly, the Employee acknowledges, consents and agrees that, in addition to any other rights or remedies that Versar
may have at law, in equity or under this Release, in connection with any breach of this Release by Employee, Versar will
be entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach, without
the necessity of proof of actual damage or posting any bond.

 

(c)      The Employee acknowledges
and understands that by entering into this Release, the Employee will be limiting the availability of certain remedies that the
Employee may have against Versar and limiting also the Employee’s ability to pursue certain claims against Versar.

 

6.      No Admissions.
Nothing contained in this Release will be deemed or construed as an admission of wrongdoing or liability on the part of Versar
or the Employee.

 

7.      Binding on
Successors; Assignment. This Release will be binding upon and inure to the benefit of Versar, the Employee and each of their
respective successors, assigns, personal and legal representatives, executors, administrators, heirs, distributees, devisees, and
legatees, as applicable; provided, however, that neither this Release nor any rights or obligations hereunder will be assignable
or otherwise subject to hypothecation by the Employee (except by will or by operation of the laws of intestate succession) or by
Versar, except that Versar may assign this Release to any successor (whether by merger, purchase or otherwise) to all or substantially
all of the stock, assets or businesses of Versar.

 

8.      Governing
law. This Release will be governed, construed, interpreted and enforced in accordance with the laws of the Commonwealth of
Virginia, without regard to conflicts of law principles.

 

9.      Severability.
Whenever possible, each provision of this Release shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Release is held to be invalid, illegal or unenforceable in any respect under any applicable law
or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other
jurisdiction, but this Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein.

 

10.      Notices.
For all purposes of this Release, all communications, including without limitation notices, consents, requests or approvals, required
or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched
by electronic facsimile transmission (with receipt thereof confirmed), or five business days after having been mailed by United
States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by
a nationally recognized overnight courier service and shall be addressed as provided in Section 10(c) of the Employment
Agreement, or to such other address as any party may have furnished to the other in writing and in accordance therewith, except
that notices of changes of address will be effective only upon receipt.

 

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11.      Counterparts.
This Release may be executed in counterparts, each of which will be deemed to be an original, but both of which together will constitute
one and the same agreement.

 

12.      Entire Agreement.
This Release is the final expression of the parties’ agreement with respect to the matters addressed herein, may not be contradicted
by evidence of any prior or contemporaneous agreement, and constitutes the complete and exclusive statement of its terms such that
no extrinsic evidence whatsoever may be introduced in any judicial, administrative or other legal proceeding to vary the terms
of this Release, except that the terms of the Employment Agreement shall remain in full force and effect and shall not be affected
by execution of this Release.

 

13.      Amendments;
Waivers. This Release may not be modified, amended, or terminated except by an instrument in writing, signed by the Employee
and Versar. Failure on the part of either party to complain of any action or omission, breach or default on the part of the other
party, no matter how long the same may continue, will never be deemed to be a waiver of any rights or remedies hereunder, at law
or in equity. The Employee or Versar may waive compliance by the other party with any provision of this Release that such other
party was or is obligated to comply with or perform only through an executed writing; provided, however, that such waiver will
not operate as a waiver of, or estoppel with respect to, any other or subsequent failure.

 

14.      Headings
and Section References. The headings used in this Release are intended for convenience or reference only and will not in any
manner amplify, limit, modify or otherwise be used in the construction or interpretation of any provision of this Release. All
section references are to sections of this Release, unless otherwise noted.

 

THIS RELEASE INCLUDES A COMPLETE AND PERMANENT
RELEASE OF CERTAIN KNOWN AND UNKNOWN CLAIMS. THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS READ THIS RELEASE AND THAT THE EMPLOYEE
FULLY KNOWS, UNDERSTANDS, AND APPRECIATES ITS CONTENTS, AND THAT THE EMPLOYEE HEREBY EXECUTES THE SAME AND MAKES THIS RELEASE VOLUNTARILY
AND OF THE EMPLOYEE’S OWN FREE WILL.

 

***

 

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

 

	 	VERSAR, INC.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	 	 	 
	 	EMPLOYEE:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 
	 	Wendell A. Newton	 

 

    	15CVG 9.30.2014 EX 4.1

AMENDMENT TO
CONVERGYS CORPORATION RETIREMENT AND SAVINGS PLAN
(PPA RESTATEMENT)

The Convergys Corporation Retirement and Savings Plan is hereby amended in the following respects:
1.    Section 2.1.9(c) is hereby amended to add the following parenthetical phrase immediately after the term “nonresident alien”: (as defined in Section 7701(b)(1)(B) of the Internal Revenue Code). 

2.    Section 2.1.15 is hereby amended to delete WhisperWire, Inc. and Ceon Corporation.

3.    Sections 6.2 and 6.3 are hereby amended so that each contains the following sentence: For purposes of complying with the limitations contained in this section, the Plan shall use the current-year testing method.

4.    Section 6.4.3 is hereby amended to change the term Limitation Year to Plan Year.

IN WITNESS WHEREOF, Convergys Corporation has hereunto caused its name to be subscribed this ___ day of ___________, 2014.

CONVERGYS CORPORATION

By________________________
Title_______________________
900507.2

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