Document:

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EX-10.13

     Letter Agreement dated February 27, 2000 between the Registrant and Barry
S. Cain

                                                                   Exhibit 10.13

February 27, 2000

Mr. Barry S. Cain
755 Smoke Tree Road
Deerfield, IL 60015

Dear Barry:

This letter will confirm our recent conversation regarding the terms of your
resignation from Navigant Consulting.

 .    We agreed that your last day of work was February 18, 2000, that you have
     resigned effective August 18, 2000 (the interim period being the "Notice
     Period") and that during such Notice Period your sole responsibility will
     be to endeavor to secure employment outside the Company.

 .    During the Notice Period, the Company has agreed to continue to pay you
     your regular salary, payable per our normal executive payroll cycle;
     provided, however, that the last three months' take-home salary (i.e., net
     of withholding for taxes, benefits etc.) will not be paid directly to you
     but instead will be applied as a credit to reduce the interest on your
     loans from the Company. No severance pay shall be due you at the end of the
     Notice Period.

 .    During the Notice Period, all regular executive employee benefits in which
     you are eligible to participate (e.g., life, disability, medical and dental
     insurance; 401(k)) will continue, but there shall be no further vacation
     accrual. Eligibility for COBRA benefits will commence at the end of the
     Notice Period.

The above terms are contingent upon your agreement to full and complete
cooperation with the Company's outside counsel in relation to outstanding
litigation matters. To avoid any possible misunderstanding, "full and complete
cooperation" means that no later than March 3, 2000, you will submit yourself to
an interview by the Company's outside counsel, you will be candid and
forthcoming, you provide to them all requested documents in your possession, and
you will thereafter make yourself available during the Notice Period to the
Company or its representatives, upon reasonable notice, and
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cooperatively provide requested information or documents. Regardless of whether
such interviews take place before or after your last day of work, the Company
will treat the contents of the interview as a privileged Company communication
between an employee and counsel representing the Company for purposes of
defending the pending class actions. You shall be entitled at all times to
advice and counsel from your own attorney.

We have also agreed on the following

 .    As soon as reasonably possible, the Company shall -

     -  pay you for your 7 weeks' of accrued unpaid vacation pay, and

     -  provide you with a mutually agreeable letter of recommendation.

 .    During the Notice Period, office voice mail will continue to be available
     at the same extension to the extent possible, together with telephone
     answering as necessary.

 .    You may retain your computer, but you must allow us to create a backup copy
     of all business-related files on your computer as soon as mutually
     convenient.

As an interim matter, I asked Phil Steptoe to assume your various
responsibilities following February 18, 2000. Please cooperate with him to the
extent he reasonably requires your knowledge of past matters.

If you agree that this letter accurately reflects the agreement between you and
the Company, please countersign this letter and return it to me.

Best regards,

M.H. Saranow
Chairman

                                                       Agreed and Accepted:

                                                       --------------------
                                                       Barry S. Cain

                                                       Dated:

                                                       --------------------<PAGE>

Exhibit 10.15
-------------

                             AMENDED AND RESTATED
                             EMPLOYMENT AGREEMENT

     AMENDED AND RESTATED EMPLOYMENT AGREEMENT by and between Borg-Warner
Security Corporation, a Delaware corporation (the "Company"), and John Edwardson
(the "Executive"), dated as of the 26th day of March, 1999.

     WHEREAS, Executive and the Company are parties to an Employment Agreement
dated February 23, 1999 (the "Original Agreement"), providing for the Company's
employment of Executive pursuant to the terms therein stated; and

     WHEREAS, Executive and the Board of Directors of the Company (the "Board")
deem it to be in Executive's and the Company's best interests to amend and
restate the Original Agreement in its entirety by substituting for all terms
thereof the terms set forth herein;

     NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     1. Employment Period. The Company shall employ the Executive, and the
Executive shall serve the Company, on the terms and conditions set forth in this
Agreement, for the Employment Period. As used herein, the phrase "Employment
Period" shall mean the period beginning with the Executive's commencement of
employment with the Company on March 1, 1999 (the "Commencement Date"), and
ending three years from the Commencement Date; provided, however, that on any
anniversary of the Commencement Date at which time the then remaining Employment
Period is two years, the Employment Period shall automatically be extended by an
additional year so that as a result of such extension the then remaining
Employment Period will be three (3) years. Notwithstanding the foregoing, the
Employment Period shall terminate on the first to occur of any of the events
described in Section 4 of this Agreement.

     2.  Position and Duties.

     (a) During the Employment Period , the Executive shall serve as President
and Chief Executive Officer of the Company, reporting to the Board, with such
duties and responsibilities as are customarily assigned to such positions, and
such other duties and responsibilities not inconsistent therewith as may be
assigned to him from time to time by the Board.

     (b) During the Employment Period, the Executive shall be nominated to serve
as a member of the Board, subject to the Executive's election in accordance with
the By-Laws of the Company. The Executive shall be elected to serve as Chairman
of the Board not later than December 31, 1999.

     (c) During the Employment Period, and excluding any periods of vacation and
sick leave

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to which the Executive is entitled, the Executive shall devote his full-time
efforts to the business and affairs of the Company and use his best efforts to
carry out such responsibilities faithfully and efficiently. It shall not be
considered a violation of the foregoing for the Executive to (i) serve on
corporate, civic or charitable boards or committees, (ii) deliver lectures or
fulfill speaking engagements and (iii) manage personal investments, so long as
such activities do not interfere with the performance of his responsibilities as
an executive employee of the Company in accordance with this Agreement or
violate the provisions of Section 8 of this Agreement.

     (d) The Executive's services shall be performed primarily at the Company's
headquarters in Chicago, Illinois, and shall require business travel
commensurate with Executive's responsibilities.

     3.  Compensation.

     (a) Base Salary. During the Employment Period, the Executive shall receive
a base salary (the "Annual Base Salary") at the annual rate of $750,000. The
Annual Base Salary shall be payable in accordance with the Company's payroll
practices for key executives as in effect from time to time. During the
Employment Period, the Annual Base Salary shall be reviewed for possible
increase at least annually. Any increase in the Annual Base Salary shall not
limit or reduce any other obligation of the Company under this Agreement. The
Annual Base Salary shall not be reduced after any such increase, and the term
"Annual Base Salary" shall thereafter refer to the Annual Base Salary as so
increased.

     (b)  Annual Bonus.

          (i) In addition to the Annual Base Salary, for each calendar year or
     portion of a calendar year during the Employment Period, the Executive
     shall be eligible to earn an annual cash bonus (the "Annual Bonus")
     pursuant to the Company's annual cash bonus program. The Annual Bonus for
     each calendar year during the Employment Period shall be based on
     achievement of performance goals established by the Compensation Committee
     of the Board for senior management, as reflected in the minutes of the
     Compensation Committee of the Board during 1998, such that (i) if the
     minimum performance goals are achieved, the Annual Bonus shall be a total
     of $300,000, (ii) if the targeted performance goals are achieved, the
     Annual Bonus shall be increased by $300,000, for an aggregate of $600,000,
     and (iii) if the maximum goals are achieved or exceeded, the Annual Bonus
     shall be increased by an additional $200,000, for an aggregate of $800,000;
     provided that Executive's Annual Bonus for the calendar year 1999 shall in
     no event be less than $500,000.

          (ii) Each Annual Bonus shall be paid in a single cash lump sum no
     later than 60 days after the end of the period for which the Annual Bonus
     is awarded or the achievement of the performance goals is determined by the
     Compensation Committee of the Board, whichever is later. Except for any
     Annual Bonus payable with respect to calendar year 1999, the Annual Bonus,
     if any, payable to Executive for any period that is less than an entire
     calendar year shall be prorated to reflect the portion of such calendar

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     year in which Executive was employed by the Company. During the Employment
     Period, the Annual Bonus shall be reviewed for possible increase at least
     annually. Any increase in the Annual Bonus shall not limit or reduce any
     other obligation of the Company under this Agreement. The Annual Bonus
     shall not be reduced after any such increase, and the term "Annual Bonus"
     shall thereafter refer to the Annual Bonus as so increased.

          (iii) Notwithstanding Section 3(b)(ii) above, the Company shall have
     the right to defer all or a portion of the $500,000 minimum Annual Bonus
     payable to Executive under Section 3(b)(i) above with respect to calendar
     year 1999 (the "Guaranteed Bonus") in accordance with the terms and
     conditions set forth in this Section 3(b)(iii). If, after taking into
     account Executive's "applicable employee remuneration" (as defined in
     Internal Revenue Code Section 162(m)(4)) with respect to calendar year 1999
     other than the Guaranteed Bonus, the Company shall determine that any
     portion of the Guaranteed Bonus would, if paid at the time prescribed in
     Section 3(b)(ii) above, not be deductible by the Company by reason of
     Internal Revenue Code (S)162(m), the Company shall have the right to defer
     payment of all or any part of such non-deductible portion (collectively the
     "Deferred Bonus") in accordance with this Section 3(b)(iii). The Deferred
     Bonus, together with interest thereon as prescribed by the last sentence of
     this Section 3(b)(iii) (the "Deferred Amount"), shall be paid in
     installments, commencing on December 31, 2001, and continuing on each
     December 31 thereafter until the Deferred Amount has been paid in full.
     Each installment payment of the Deferred Amount shall equal the positive
     excess, if any, of (i) the annual deduction limitation under Internal
     Revenue Code (S)162(m) with respect to the calendar year within which such
     installment payment is to be made over (ii) Executive's "applicable
     employee remuneration" (determined without regard to any payment under this
     Section 3(b)(iii)) with respect to such calendar year. Notwithstanding the
     above, the remaining unpaid balance of such Deferred Amount shall be paid
     in full to the Executive (or to his designated beneficiary in the event of
     his death) in a lump sum not later than sixty (60) days following the first
     to occur of (A) the date on which Executive is no longer a "covered
     employee" within the meaning of Internal Revenue Code (S)162(m); or (B) a
     Change in Control of the Company. For purposes of this Section 3(b)(iii),
     the Deferred Amount shall be credited with "interest" thereon during the
     period beginning March 1, 2000, and ending on the date of payment, at a
     rate equal to the Certificate Rate as defined in Section 4.1 of the
     Company's Series 1998-1 Supplement to Pooling and Servicing Agreement dated
     December 31, 1998, compounded quarterly; provided however that in the event
     the Certificate Rate is no longer available, the Deferred Amount shall
     thereafter be credited with "interest" at LIBOR plus __ basis points, or at
     such other rate of return as shall be agreed between the Executive and the
     Compensation Committee of the Board. The Company may, but shall not be
     required to, set aside funds in a grantor trust or otherwise to provide for
     such payment, but the Executive's rights to such deferred compensation
     shall at all times be as a general creditor of the Company, and he shall
     have no right to or other interest in any such funds set aside by the
     Company.

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     (c)  Equity Compensation.

          (i) Stock Option. Upon the execution of this Agreement, the Executive
     shall be a granted a non-qualified stock option to purchase 400,000 shares
     of the Company's common stock. The exercise price for such option shall be
     based on the average of the opening and closing price of the Company's
     common stock on such date. Such option shall have a term of thirteen (13)
     years, and shall become exercisable in three equal annual installments on
     each of the first three anniversaries of the date of this Agreement, and
     shall include such other terms and conditions as are set forth in the
     written stock option agreement to be entered into between the Company and
     Executive. To the extent this option is granted other than pursuant to a
     shareholder approved incentive plan, the Executive agrees not to exercise
     such option, to the extent any such exercise would give rise to a deduction
     limitation for the Company under Internal Revenue Code (S)162(m), prior to
     the earliest to occur of (A) the Executive is no longer a "covered
     employee" within the meaning of Internal Revenue Code (S)162(m); (B) a
     Change in Control of the Company; or (C) the six (6) month period
     immediately prior to the expiration of the term of the option. The Company
     shall take such reasonable efforts as may be necessary to cause any shares
     to be issued in connection with such option to be registered under the
     Federal Securities Act of 1933, as amended, or under applicable state
     securities laws, or to secure an appropriate exemption from such
     registration.

          (ii) Performance Shares. Upon the Commencement Date, the Company shall
     award 100,000 Performance Shares to the Executive under the Company's 1999
     Stock Incentive Plan (the "Plan"), which is subject to approval by the
     Company's shareholders. The Performance Shares shall entitle the Executive
     to a payment under the terms of the Plan upon the attainment of performance
     targets previously set by the Compensation Committee of the Board for
     senior management for the three-year period ending December 31, 2000, as
     reflected in the minutes of the Compensation Committee of the Board during
     1998, and shall include such other terms and conditions as are set forth in
     the written Performance Share Award to be entered into between the Company
     and Executive on the date of grant thereof. The Company agrees to award to
     the Executive an additional 100,000 Performance Shares not later than the
     end of the first quarter, March 31, 2000. Such additional Performance
     Shares shall vest upon the attainment of the performance targets
     established by the Compensation Committee of the Board for senior
     management at the time of such award for the three-year period ending
     December 31, 2002.

          (iii) Restricted Shares. Upon the execution of this Agreement, the
     Company shall award 100,000 shares of restricted stock to the Executive.
     The restricted shares shall vest in five equal annual installments of
     20,000 shares, commencing on the first anniversary of the date of this
     Agreement, and shall include such other terms and conditions as are set
     forth in the written Stock Award to be entered into between the Company and
     Executive. The Company shall take such reasonable efforts as may be
     necessary to cause any shares

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     to be issued in connection with such award to be registered under the
     Federal Securities Act of 1933, as amended, or under applicable state
     securities laws, or to secure an appropriate exemption from such
     registration.

          (iv) In the event that (1) Executive's employment is terminated by
     reason of his death or Disability, by the Company without Cause, or by
     Executive for Good Reason, or (2) upon a Change in Control of the Company,
     any unvested option shares, performance shares, or restricted shares
     awarded under this Section 3(c) shall vest in full at the time of such
     termination or Change in Control. In the event that Executive's employment
     is terminated by the Company with Cause, or by Executive without Good
     Reason, any unvested option shares, performance shares, or restricted
     shares awarded under this Section 3(c) shall be forfeited by Executive for
     no consideration. Following a termination of Executive's employment,
     Executive's option shall be exercisable for a period of (1) two-years from
     the date of termination in the event of a termination due to death,
     Disability, by the Company without Cause, or by Executive with Good Reason,
     and (2) 90-days from the date of termination in the event of a termination
     by Executive without Good Reason or a upon a termination of employment by
     the Company for Cause, in either case not beyond the original term of such
     option.

          (v) Executive shall be eligible to receive future grants under the
     Company's stock incentive programs consistent with, and in a manner
     appropriate to, awards made to other senior executives of the Company.

     (d) Supplemental Benefit Compensation. The Company will make contributions,
at times consistent with normal Company practice, of not less than $165,000
annually, to a tax-deferred annuity for Executive of a type substantially
equivalent to those currently provided to senior executive's of the Company.

     (e)  Other Benefits.  During the Employment Period:

          (i) the Executive shall be entitled to participate in all incentive,
     savings and retirement plans, practices, policies and programs of the
     Company to the same extent as other senior management; and

          (ii) the Executive and/or the Executive's family, as the case may be,
     shall be eligible for participation in, and shall receive all benefits
     under, all welfare benefit plans, practices, policies and programs provided
     by the Company and its affiliated companies (including, without limitation,
     medical, prescription, dental, disability, salary continuance, employee
     life insurance, group life insurance, accidental death and travel accident
     insurance plans and programs) to the same extent as other senior
     management.

     (f) Expenses. During the Employment Period, the Executive shall be entitled
to receive prompt reimbursement for all reasonable expenses incurred by the
Executive in carrying out the Executive's duties under this Agreement, provided
that the Executive complies with the policies, practices and procedures of the
Company for submission of expense reports, receipts, or similar

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documentation of such expenses.

     (g) Fringe Benefits. During the Employment Period, the Executive shall be
entitled to paid vacation, the use of a Company-provided car of the Executive's
choice, tax and financial planning services, and payment of annual dues,
assessments and expenses at one country club and one dinner club selected by the
Executive, in each case on the terms and conditions as are in effect for other
senior management of the Company from time to time or, if not made available to
other senior management, on terms and conditions that are determined by the
Compensation Committee of the Board to be fair and reasonable.

     (h) Deferred Compensation. Notwithstanding anything to the contrary herein,
Executive may elect to defer the payment of all or any portion of his Annual
Base Salary or Annual Bonus for any calendar year during the Employment Period,
provided that before the first day of the calendar year with respect to which
such Annual Base Salary or Annual Bonus relates, he notifies the Company in
writing of his election to do so. Any compensation that is so deferred shall
accrue "interest" at the rate described in Paragraph 3(b)(iii) hereof, or at
such other rate of return as shall be agreed between the Executive and the
Compensation Committee of the Board at the time the deferral election is made.
Any such deferred compensation, together with the accrued interest or other
deemed earnings thereon, shall be paid to the Executive in cash upon the
termination of his employment with the Company in a single lump sum or, if so
specified in the deferral election, in up to five equal annual installments. The
Company may, but shall not be required to, set aside funds in a grantor trust or
otherwise to provide for such payment, but the Executive's rights to such
deferred compensation shall at all times be as a general creditor of the
Company, and he shall have no right to or other interest in any such funds set
aside by the Company. Notwithstanding the preceding sentence, in the event of a
Change in Control of the Company (as defined below), the Company shall pay to
Executive the aggregate amount of compensation deferred under this Paragraph
3(h) not later than thirty (30) days following the effective date of such Change
in Control.

     4.  Termination of Employment.

     (a) Death or Disability. The Executive's employment shall terminate
automatically upon the Executive's death during the Employment Period. The
Company shall be entitled to terminate the Executive's employment because of the
Executive's Disability during the Employment Period. "Disability" means that (i)
the Executive has been unable, for a period of six months, or for a total of 180
days in any given period of twelve months, to perform the Executive's duties
under this Agreement, as a result of physical or mental illness or injury, and
(ii) a physician selected by the Company or its insurers, and acceptable to the
Executive or the Executive's guardian or legal representative, has determined
that the Executive's incapacity is total and permanent. A termination of the
Executive's employment by the Company for Disability shall be communicated to
the Executive by written notice, and shall be effective on the 30th day after
receipt of such notice by the Executive (the "Disability Effective Date"),
unless the Executive is able to, and does, return to full-time performance of
the Executive's duties before the Disability Effective Date.

     (b)  By the Company.

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          (i) The Company may terminate the Executive's employment during the
     Employment Period for Cause or without Cause. "Cause" means Executive has
     (A) been convicted of, or pleaded guilty or nolo contendere to, a felony
     involving theft or moral turpitude, or (B) engaged in conduct that
     constitutes willful gross neglect or willful gross misconduct with respect
     to his employment duties, resulting, in either case, in material economic
     harm to the Company; provided, however, that an act or failure to act on
     the part of the Executive shall be considered "willful" if it is done, or
     omitted to be done, by the Executive in bad faith and without reasonable
     belief that Executive's action or omission was in the best interests of the
     Company and in accordance with the policies of the Board, and no act or
     omission will constitute Cause unless the Company has given reasonable
     written notice thereof to Executive and he then fails to promptly remedy
     the act or omission.

          (ii) A termination of employment by the Company for Cause shall be
     effectuated by giving the Executive written notice ("Notice of Termination
     for Cause") of the termination, setting forth the conduct of the Executive
     that constitutes Cause. Except as provided in clause A of Section 4(b)(i)
     above, a termination of employment by the Company for Cause shall be
     effective on the date when the Notice of Termination for Cause is given,
     unless the notice sets forth a later date (which date shall in no event be
     later than 30 days after the notice is given).

          (iii) A termination of the Executive's employment by the Company
     without Cause shall be effected by giving the Executive written notice of
     the termination.

     (c)  By the Executive.

          (i) The Executive may terminate employment for Good Reason. "Good
     Reason" means:

               A. the assignment to the Executive of any duties inconsistent in
          any respect with Executive's position, including status, offices,
          titles and reporting relationships, authority, duties, or
          responsibilities as contemplated by this Agreement, or any other
          action by the Company which results in a significant diminution in
          such position, authority, duties, or responsibilities, excluding any
          isolated, immaterial, and inadvertent action not taken in bad faith
          and which is remedied by the Company promptly after receipt of a
          reasonable written notice thereof given by Executive;

               B. any failure by the Company to provide compensation and
          benefits to the Executive as described in this Agreement, other than
          isolated, immaterial, and inadvertent failure not taken in bad faith
          and which is remedied by the Company promptly after receipt of a
          reasonable written notice thereof given by Executive;

               C. receipt by the Executive of notice of non-renewal of the
          automatic

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          evergreen feature of the Employment Period; or

               D. failure by the Company to obtain the assumption in writing of
          its obligations under this Agreement by any successor to all or
          substantially all of the assets of the Company within 15 calendar days
          after a Change in Control of the Company; or

               E. failure of the Company to elect the Executive as a director of
          the Company at its annual shareholder meeting scheduled for April 20,
          1999; or

               F. failure of the Board of Directors of the Company to elect the
          Executive Chairman of the Board on or before December 31, 1999; or

               G. the Executive being required to relocate to a principal place
          of employment more than thirty-five (35) miles from his current place
          of employment without his consent; or

               H. any other material breach by the Company of its obligations to
          Executive under this Agreement; or

               I. should there be a Change in Control of the Company (as defined
          below), a termination by the Executive, at his own initiative, for any
          reason during the 30-day period immediately following the end of the
          three (3) month period (or such shorter transition period to which the
          Company may in its discretion consent) immediately following the date
          of the Change in Control.

          For purposes of this Agreement, "Change in Control" means the
          happening of any of the following events:

               (1) An acquisition by any individual, entity or group (within the
          meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a
          "Person") of beneficial ownership (within the meaning of Rule 13d-3
          promulgated under the Exchange Act) of 50% or more of either (A) the
          then outstanding shares of common stock of the Company (the
          "Outstanding Company Common Stock") or (B) the combined voting power
          of the then outstanding voting securities of the Company entitled to
          vote generally in the election of directors (the "Outstanding Company
          Voting Securities"); excluding, however, the following: (A) any
          acquisition directly from the Company, other than an acquisition by
          virtue of the exercise of a conversion privilege unless the security
          being so converted was itself acquired directly from the Company, (B)
          any acquisition by the Company, (C) any acquisition by any employee
          benefit plan (or related trust) sponsored or maintained by the Company
          or any corporation controlled by the Company or (D) any acquisition by
          any Person pursuant to a transaction which complies with clauses (A),
          (B) and (C) of subsection (3) of this Section 4(c)(i); or

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               (2) A change in the composition of the Board such that the
          individuals who, as of the first day of the Employment Period,
          constitute the Board (such Board shall be hereinafter referred to as
          the "Incumbent Board") cease for any reason to constitute at least a
          majority of the Board; provided, however, for purposes of this Section
          4(c)(i), that any individual who becomes a member of the Board
          subsequent to such date, whose election, or nomination for election by
          the Company's shareholders, was approved by a vote of at least a two-
          thirds (2/3) of those individuals who are members of the Board and who
          were also members of the Incumbent Board (or deemed to be such
          pursuant to this proviso) shall be considered as though such
          individual were a member of the Incumbent Board; but, provided
          further, that any such individual whose initial assumption of office
          occurs as a result of either an actual or threatened election contest
          (as such terms are used in Rule 14a-11 of Regulation 14A promulgated
          under the Exchange Act) or other actual or threatened solicitation of
          proxies or consents by or on behalf of a Person other than the Board
          shall not be so considered as a member of the Incumbent Board; or

               (3) The approval by the shareholders of the Company of a
          reorganization, merger or consolidation or sale or other disposition
          of all or substantially all of the assets of the Company ("Corporate
          Transaction"); excluding, however, such a Corporate Transaction
          pursuant to which (A) all or substantially all of the individuals and
          entities who are the beneficial owners, respectively, of the
          Outstanding Company Common Stock and Outstanding Company Voting
          Securities immediately prior to such Corporate Transaction will
          beneficially own, directly or indirectly, more than 60% of,
          respectively, the outstanding shares of common stock, and the combined
          voting power of the then outstanding voting securities entitled to
          vote generally in the election of directors, as the case may be, of
          the corporation resulting from such Corporate Transaction (including,
          without limitation, a corporation which as a result of such
          transaction owns the Company or all or substantially all of the
          Company's assets either directly or through one or more subsidiaries)
          in substantially the same proportions as their ownership, immediately
          prior to such Corporate Transaction, of the Outstanding Company Common
          Stock and Outstanding Company Voting Securities, as the case may be,
          (B) no Person (other than the Company, any employee benefit plan (or
          related trust) sponsored or maintained by the Company or any
          corporation controlled by the Company or such corporation resulting
          from such Corporate Transaction) will beneficially own, directly or
          indirectly, 20% or more of, respectively, the outstanding shares of
          common stock of the corporation resulting from such Corporate
          Transaction or the combined voting power of the outstanding voting
          securities of such corporation entitled to vote generally in the
          election of directors except to the extent that such ownership existed
          with respect to the Company prior to the Corporate Transaction and (C)
          individuals who were members of the Incumbent Board will constitute at
          least a majority of the members of the board of directors of the
          corporation resulting from such Corporate Transaction; or

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               (4) The approval by the shareholders of the Company of a complete
          liquidation or dissolution of the Company.

          (ii) A termination of employment by the Executive for Good Reason
     shall be effectuated by giving the Company written notice ("Notice of
     Termination for Good Reason") of the termination, setting forth the conduct
     of the Company that constitutes Good Reason. A termination of employment by
     the Executive for Good Reason shall be effective on the fifth business day
     following the date when the Notice of Termination for Good Reason is given,
     unless the notice sets forth a later date (which date shall in no event be
     later than 30 days after the notice is given).

          (iii) Executive may, by at least 30 days prior written notice,
     voluntarily terminate this Agreement, without liability by virtue of such
     termination at any time without Good Reason.

     (d) No Waiver. The failure to set forth any fact or circumstance in a
Notice of Termination for Cause or a Notice of Termination for Good Reason shall
not constitute a waiver of the right to assert, and shall not preclude the party
giving notice from asserting, such fact or circumstance in an attempt to enforce
any right under or provision of this Agreement; provided, that the foregoing
shall not mean that a notice purporting to be a Notice of Termination for Cause
pursuant to clause A of Section 4(b)(i) that fails to comply with said clause A
will be treated as a valid Notice of Termination for Cause.

     (e) Date of Termination. The "Date of Termination" means the date of the
Executive's death, the Disability Effective Date, the date on which the
termination of the Executive's employment by the Company for Cause or by the
Executive for Good Reason is effective, or the date on which the Company gives
the Executive notice of a termination of employment without Cause or the
Executive gives the Company not less than thirty (30) days prior written notice
of a termination of employment without Good Reason, as the case may be.

     5. Obligations of the Company upon Termination and/or a Change in Control.

     (a) Termination by Company Other Than for Cause; Voluntary Termination for
Good Reason. If, during the Employment Period, the Company terminates the
Executive's employment other than for Cause, death, or Disability, or the
Executive terminates his employment for Good Reason, the Company shall pay the
amounts described in subparagraph (i) below to the Executive in a lump sum in
cash within 30 days after the Date of Termination and shall provide the
continuing benefits described in subparagraph (ii) below. The payments provided
pursuant to this Section 5(a) are intended as liquidated damages for a
termination of the Executive's employment by the Company other than for Cause or
Disability or for the actions of the Company leading to a termination of the
Executive's employment by the Executive for Good Reason, and shall be the sole
and exclusive remedy therefor.

          (i) The amounts to be paid in a lump sum as described above are:

                                       10
<PAGE>

               A. The Executive's accrued but unpaid cash compensation (the
          "Accrued Obligations"), which shall equal the sum of (l) any portion
          of the Executive's Annual Base Salary and supplemental benefit
          compensation payable pursuant to Section 3(d) of this Agreement
          through the Date of Termination that has not yet been paid; (2) an
          amount equal to the product of the Annual Bonus the Executive would
          have received for the year of termination if all goals had been
          achieved at the targeted level (as such term is used in clause (ii) of
          Section 3(b) above to calculate bonuses under the Company's annual
          bonus plan) multiplied by a fraction, the numerator of which is the
          number of days in the current calendar year through the Date of
          Termination and the denominator of which is 365; (3) any accrued but
          unpaid vacation pay; and (4) any accrued but unpaid Annual Bonus
          relating to the calendar year prior to the year in which such
          termination occurs; and

               B. Severance pay equal to the sum of (1) the Annual Base Salary,
          (2) the Annual Bonus and (3) the annual supplemental benefit
          compensation which, absent termination, that would have been payable
          to Executive pursuant to Sections 3(a), (b) and (d) of this Agreement
          as if Executive were still employed hereunder during the period
          commencing on the Date of Termination and ending on the last day of
          the then current Employment Period (as determined under Section 1
          hereof without regard to any further automatic extensions occurring
          after the effective date of such termination (the "Severance Pay
          Period"). For purposes of this Section 5(a)(i)(B), the amounts payable
          under the preceding sentence shall be based on the amounts in effect
          as of the Date of Termination, prorated to reflect any partial years
          during the Severance Pay Period; provided that the Annual Bonus shall
          be based on the Annual Bonus that would otherwise have been paid to
          Executive under Section 3(b) for the year of termination if all goals
          had been achieved at the targeted level (as such term is used in
          clause (ii) of Section 3(b) above).

          (ii) During the Severance Pay Period, Executive and/or the Executive's
     family shall be provided with benefits at least as favorable as those that
     would have been provided to them under clause (ii) of Section 3(e) of this
     Agreement if the Executive's employment had continued through the end of
     Severance Pay Period; provided, however, that during any period when the
     Executive is eligible to receive such benefits under another employer-
     provided plan, the benefits provided by the Company under this Section
     5(a)(ii) may be made secondary to those provided under such other plan.

     (b) Death or Disability. If the Executive's employment is terminated by
reason of the Executive's death or Disability during the Employment Period , the
Company shall pay the amounts described in subparagraph (i) below to the
Executive in a lump sum in cash within 30 days after the Date of Termination and
shall provide the benefits described in subparagraph (ii) below.

          (i) The amounts to be paid in a lump sum as described above are:

                                       11
<PAGE>

               A. The Company shall pay the Accrued Obligations to the Executive
          or the Executive's estate or legal representative, as applicable; and

               B. Severance pay equal to the sum of (1) the Annual Base Salary,
          (2) the Annual Bonus and (3) the annual supplemental benefit
          compensation which, absent termination, that would have been payable
          to Executive pursuant to Sections 3(a), (b) and (d) of this Agreement
          as if Executive were still employed hereunder during the period
          commencing on the Date of Termination and ending on the first
          anniversary thereof. For purposes of this Section 5(b)(i)(B), the
          amounts payable under the preceding sentence shall be based on the
          amounts in effect as of the Date of Termination, prorated to reflect
          any partial years during the Severance Pay Period; provided that the
          Annual Bonus shall be based on the Annual Bonus that would otherwise
          have been paid to Executive under such Section 3(b) for the year of
          termination if all goals had been achieved at the targeted level (as
          such term is used in clause (ii) of Section 3(b) above).

          (ii) During the one year period following the Executive's termination
     of employment due to death or Disability, Executive and/or the Executive's
     family, as the case may be, shall be provided with benefits at least as
     favorable as those that would have been provided to them under clause (ii)
     of Section 3(e) of this Agreement if the Executive's employment had
     continued through the end of such one year period; provided, however, that
     during any period when the Executive is eligible to receive such benefits
     under another employer-provided plan, the benefits provided by the Company
     under this Section 5(b)(ii) may be made secondary to those provided under
     such other plan.

     (c) Cause; Other than for Good Reason. If the Executive's employment is
terminated by the Company for Cause during the Employment Period, or if the
Executive terminates his employment during the Employment Period other than for
Good Reason, the Company shall pay the Executive the sum of (i) the Annual Base
Salary through the Date of Termination, and (ii) any accrued but unpaid Annual
Bonus relating to the calendar years prior to the year in which such termination
occurs, in each case to the extent not yet paid, and the Company shall have no
further obligations under this Agreement.

     (d) Change in Control. If, during the two (2) year period following a
Change in Control of the Company, either the Company terminates the Executive's
employment other than for Cause, death, or Disability, or the Executive
terminates his employment for Good Reason, the Company shall pay the amounts and
provide the benefits described in Sections 5(a)(i) and (ii) above to the
Executive at the time and in the amounts determined under Section 5(a), provided
that the Severance Pay Period as used in subparagraphs 5(a)(i)(A) and 5(a)(ii)
shall, for purposes of this Section 5(d), be a period of three (3) years.

     (e) In the event that the Executive becomes entitled to the payments and
benefits provided under this Section 5 and/or any other payments or benefits in
connection with a Change

                                       12
<PAGE>

in Control or termination of the Executive's employment with the Company
(whether pursuant to the terms of this Agreement or any other plan, arrangement
or agreement with the Company, any person whose actions result in a Change in
Control or any person affiliated with the Company or such person) (collectively,
the "Payments"), if any of the Payments will be subject to the tax (the "Excise
Tax") imposed by Section 4999 of the Code, the Company shall pay the Executive,
at least 30 days prior to the time payment of any such Excise Tax is due, an
additional amount (the "Gross-Up Payment") such that the net amount retained by
the Executive, after deduction of any Excise Tax and any federal and state and
local income tax imposed on the Gross-Up Payment, shall be equal to the Excise
Tax imposed on the Payments. For purposes of determining whether any of the
Payments will be subject to the Excise Tax and the amount of such Excise Tax,
(A) the Payments shall be treated as "parachute payments" within the meaning of
Section 280G(b)(2) of the Code, and all "excess parachute payments" within the
meaning of Section 280G(b)(1) of the Code shall be treated as subject to the
Excise Tax, unless in the opinion of tax counsel selected by the Company's
independent auditors and acceptable to the Executive the Payments (in whole or
in part) do not constitute parachute payments or excess parachute payments or
are otherwise not subject to the Excise Tax, (B) the amount of the Payments
which shall be treated as subject to the Excise Tax shall be equal to the lesser
of (i) the total amount of the Payments or (ii) the amount of excess parachute
payments within the meaning of Section 280G(b)(1) (after applying clause (A)
above), and (C) the value of any non-cash benefits or any deferred payment or
benefit shall be determined by the Company's independent auditors in accordance
with the principles of Section 280G(d)(3) and (4) of the Code. For purposes of
determining the amount of the Gross-Up Payment, the Executive shall be deemed to
pay federal income taxes at the highest marginal rate of federal income taxation
in the calendar year in which the Gross-Up Payment is to be made and state and
local income taxes at the highest marginal rate of taxation in the state and
locality of the Executive's residence on the Date of Termination, net of the
maximum reduction in federal income taxes which could be obtained from deduction
of such state and local taxes. In the event that the Excise Tax is subsequently
determined to be less than the amount taken into account hereunder at the time
of termination of employment, the Executive shall repay to the Company at the
time that the amount of such reduction in Excise Tax is finally determined, the
portion of the Gross-Up Payment attributable to such reduction (plus the portion
of the Gross-Up Payment attributable to the Excise Tax). In the event that the
Excise Tax is determined to exceed the amount taken into account hereunder at
the time of the termination of employment (including by reason of any payment
the existence or amount of which cannot be determined at the time of the Gross-
Up Payment), the Company shall make an additional Gross-Up Payment in respect of
such excess (plus any interest and penalties payable with respect to such
excess) at the time that the amount of such excess is finally determined. The
Executive shall notify the Company of any audit or review by the Internal
Revenue Service of the Executive's federal income tax return for the year in
which a payment under this Agreement is made within ten (10) days of the
Executive's receipt of notification of such audit or review. In addition, the
Executive shall also notify the Company of the final resolution of such audit or
review within ten (10) days of such resolution.

     6. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or
limit the Executive's continuing or future participation in any plan, program,
policy or practice provided by the Company or any of its affiliated companies
for which the Executive may qualify, nor shall

                                       13
<PAGE>

anything in this Agreement limit or otherwise affect such rights as the
Executive may have under any contract or agreement with the Company or any of
its affiliated companies. Vested benefits and other amounts that the Executive
is otherwise entitled to receive under any plan, policy, practice or program of,
or any contract or agreement with, the Company or any of its affiliated
companies on or after the Date of Termination shall be payable in accordance
with such plan, policy, practice, program, contract or agreement, as the case
may be, except as explicitly modified by this Agreement.

     7. No Mitigation. In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement and,
except as specifically provided in Section 5(a)(ii) and 5(b)(ii) of this
Agreement, such amounts shall not be reduced, regardless of whether the
Executive obtains other employment.

     8.  Confidential Information; Noncompetition.

     (a) The Executive shall hold in a fiduciary capacity for the benefit of the
Company all secret or confidential information, knowledge or data relating to
the Company or any of its affiliated companies and their respective businesses
that the Executive obtains during the Executive's employment by the Company or
any of its affiliated companies and that is not public knowledge (other than as
a result of the Executive's violation of this Section 8(a)) ("Confidential
Information"). The Executive shall not communicate, divulge or disseminate
Confidential Information at any time during or after the Executive's employment
with the Company, except with the prior written consent of the Company or as
otherwise required by law or legal process.

     (b) During the Noncompetition Period (as defined below), the Executive
shall not, without the prior written consent of the Board, engage in or become
associated with a Competitive Activity. For purposes of this Section 8(b): (i)
the "Noncompetition Period" means the period beginning with the Commencement
Date and ending on the last day of the Employment Period (as determined under
Section 1 hereof without regard to any automatic extensions occurring after the
effective date of the termination of Executive's employment), plus, if the
Executive's employment is terminated by the Company for Cause or voluntarily by
the Executive other than with Good Reason, plus two years after the end of the
Employment Period; (ii) a "Competitive Activity" means any business or other
endeavor whose primary business is to provide guard, alarm or armored transport
protective services or courier services, or related security or staffing
services; and (iii) the Executive shall be considered to have become "associated
with a Competitive Activity" if he becomes directly or indirectly involved as an
owner, employee, officer, director, independent contractor, agent, partner,
advisor, or in any other capacity calling for the rendition of the Executive's
personal services, with any individual, partnership, corporation or other
organization that is engaged in a Competitive Activity. Notwithstanding the
foregoing, the Executive may make and retain investments during the Employment
Period and thereafter in not more than five percent of the equity of any entity
engaged in a Competitive Activity, if such equity is listed on a national
securities exchange or regularly traded in an over-the-counter market.

                                       14
<PAGE>

     9. Arbitration; Attorneys' Fees. Any dispute or controversy arising under
or in connection with this Agreement shall be settled exclusively by arbitration
in the State of Illinois, in accordance with the rules of the American
Arbitration Association then in effect, and judgment may be entered on the
arbitrator's award in any court having jurisdiction. The Company agrees to pay,
as incurred, to the fullest extent permitted by law, all legal fees and expenses
that the Executive may reasonably incur as a result of any contest (regardless
of the outcome) by the Company, the Executive or others of the validity or
enforceability of or liability under, or otherwise involving, any provision of
this Agreement; provided, that in the case of any contest in which the Executive
seeks to obtain any relief from the Company pursuant to this Agreement, such
fees and expenses shall be paid by the Company only if the Executive obtains a
substantial portion of the relief he seeks; and provided, further, that in the
case of any action brought by the Company to enforce any provision of Section 8
of this Agreement, such fees and expenses shall be paid by the Company only if
it fails to obtain a substantial portion of the relief it seeks. The Company
further agrees to reimburse Executive for reasonable professional fees and
related expenses incurred in the negotiation and preparation of this Agreement,
but not in excess of the amount of legal fees paid by the Company to its outside
counsel in the preparation and negotiation of this Agreement.

     10.  Successors.

     (a) This Agreement is personal to the Executive and, without the prior
written consent of the Company, shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement
shall inure to the benefit of and be enforceable by the Executive's legal
representatives.

     (b) This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns.

     (c) The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would
have been required to perform it if no such succession had taken place. As used
in this Agreement, "Company" shall mean both the Company as defined above and
any such successor that assumes and agrees to perform this Agreement, by
operation of law or otherwise.

     11.  Miscellaneous.

     (a) This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without reference to principles of conflict
of laws. The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect. This Agreement may not be amended or modified
except by a written agreement executed by the parties hereto or their respective
successors and legal representatives.

     (b) All notices and other communications under this Agreement shall be in
writing and

                                       15
<PAGE>

shall be given by hand delivery to the other party or by registered or certified
mail, return receipt requested, postage prepaid, addressed as follows:

     If to the Executive:
     -------------------

     John Edwardson
     747 Sheridan Road
     Wilmette, IL   60091

     If to the Company:
     -----------------

     Borg-Warner Security Corporation
     200 South Michigan Avenue
     Chicago, Illinois 60604
     Attention:  General Counsel

or to such other address as either party furnishes to the other in writing in
accordance with this Section 11(b). Notices and communications shall be
effective when actually received by the addressee.

     (c) The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this
Agreement. If any provision of this Agreement shall be held invalid or
unenforceable in part, the remaining portion of such provision, together with
all other provisions of this Agreement, shall remain valid and enforceable and
continue in full force and effect to the fullest extent consistent with law.

     (d) Notwithstanding any other provision of this Agreement, the Company may
withhold from amounts payable under this Agreement all federal, state, local and
foreign taxes that are required to be withheld by applicable laws or
regulations.

     (e) The failure of the Executive or the Company to insist upon strict
compliance with any provision of, or to assert any right under, this Agreement
(including, without limitation, the right of the Executive to terminate
employment for Good Reason pursuant to Section 4(c) of this Agreement) shall not
be deemed to be a waiver of such provision or right or of any other provision of
or right under this Agreement.

     (f) The Executive and the Company acknowledge that this Agreement
supersedes any other agreement between them concerning the subject matter
hereof, including but not limited to the Original Agreement.

     (g) This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, and which together shall constitute one
instrument.

                                       16
<PAGE>

     IN WITNESS WHEREOF, the Executive has hereunto set the Executive's hand
and, pursuant to the authorization of its Board of Directors, the Company has
caused this Agreement to be executed in its name on its behalf, all as of the
day and year first above written.

                                EXECUTIVE:

                                ---------------------------------

                                BORG-WARNER SECURITY CORPORATION

                                By
                                  -------------------------------
                                  Name:
                                  Title:

                                      17

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