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Exhibit 10.21    
  

EMPLOYMENT AGREEMENT  

        Technology Solutions Company, a Delaware corporation doing business as TSC, and Timothy P. Dimond ("Employee") enter into this Employment Agreement
("Agreement") as of January 21, 2002. 

        In
consideration of the agreements and covenants contained in this Agreement, TSC and Employee agree as follows: 

        1.    Employment Duties:    TSC shall employ Employee as Senior Vice President and Chief Financial Officer. Employee
shall have such responsibilities, duties and authority as the Chief Executive Officer may reasonably designate. The Chief Executive Officer may, from time to time, expand or contract such duties and
responsibilities and may enhance but not diminish Employee's title or position. Employee shall perform faithfully the duties assigned to him to the best of his ability and shall devote his full and
undivided business time and attention to the transaction of TSC's business. 

        2.    Term of Employment:    The term of employment ("Term of Employment") covered by this Agreement shall commence as
of the effective date of this Agreement and continue until terminated pursuant to Section 3 below. 

        3.    Termination:    TSC may terminate Employee's employment for any reason upon giving Employee 90 days
notice of the termination. TSC may make such termination effective at any time within such 90 day notice period. TSC must, however, continue Employee's normal salary and health insurance
benefits until the end of the 90 day notice period. In addition, TSC may terminate Employee's employment and this Agreement immediately without notice and with no salary and benefit
continuation if Employee engages in "Serious Misconduct." For purposes of this Agreement, "Serious Misconduct" means embezzlement or misappropriation of corporate funds, other acts of dishonesty,
significant activities materially harmful to TSC's reputation, willful refusal to perform or substantial disregard of Employee's assigned duties (including, but not limited to, refusal to travel or
work the requested hours), or any significant violation of any statutory or common law duty of loyalty to TSC. Employee may terminate his employment upon giving TSC 90 days prior written notice. Upon
receiving
notice, TSC may waive its rights under this paragraph and make Employee's termination effective immediately or anytime before the 90 day notice period ends. 

        If
following a Change in Control (which is defined as (i) the acquisition by any individual, entity or group, of beneficial ownership (within the meaning of Rule 13 d-3
promulgated under the Securities Exchange Act of 1934) of 40% or more of the outstanding shares of the common stock of TSC; (ii) the approval of the stockholders of TSC of a merger, where
immediately after the merger, persons who were the holders of a majority of TSC's outstanding common stock immediately prior to the merger fail to own at least a majority of the outstanding common
stock of the surviving entity in substantially the same proportions as their holdings of TSC common stock immediately prior to the merger; (iii) the sale of substantially all the assets of TSC
other than to a corporation in which more that 60% of the outstanding shares are beneficially owned by the individuals and entities who are the beneficial owners of the Company stock prior to the
acquisition, or (iv) the naming of a new CEO, Employee's title, position, duties, or salary is diminished and Employee resigns within 90 days after the diminishment becomes effective, or if
Employee is ordered to relocate permanently to any location outside of the Chicago metropolitan area and employee declines and is terminated, Employee shall be entitled to Employee's normal salary,
bonus, and health insurance benefits for a one-year period following his resignation or termination. 

        4.    Salary:    As compensation for his services, TSC shall pay Employee a base salary in the amount listed in
Exhibit A to this Agreement. Employee's base salary shall be subject to annual review and may, at the discretion of TSC's management, be adjusted from that listed in Exhibit A according to
Employee's responsibilities, capabilities and performance during the preceding year. 

 

        5.    Bonuses:    TSC may elect to pay Employee annual bonuses. Payment of such bonuses, if any, shall be at the sole
discretion of TSC. 

        6.    Employee Benefits:    During the Term of Employment, Employee shall be entitled to participate in such employee
benefit plans, including group pension, life and health insurance and other medical benefits, and shall receive all other fringe benefits as TSC may make available generally to its Senior Vice
Presidents. 

        7.    Business Expenses:    TSC shall reimburse Employee for all reasonable and necessary business expenses incurred
by Employee in performing his duties. Employee shall provide TSC with supporting
documentation sufficient to satisfy reporting requirements of the Internal Revenue Service and TSC. TSC's determination as to reasonableness and necessary shall be final. 

        8.    Noncompetition and Nondisclosure:    Employee acknowledges that the successful development and marketing of
TSC's professional services and products require substantial time and expense. Such efforts generate for TSC valuable and proprietary information ("Confidential Information") which gives TSC a
business advantage over others who do not have such information. Confidential Information of TSC and its clients and prospects includes, but is not limited to, the following: business strategies and
plans; proposals; deliverables; prospects and customer lists; methodologies; training materials; and computer software. Employee acknowledges that during the Term of Employment, he will obtain
knowledge of such Confidential Information. Accordingly, Employee agrees to undertake the following obligations which he acknowledges to be reasonably designed to protect TSC's legitimate business
interests without unnecessarily or unreasonably restricting Employee's post-employment opportunities: 

        (a)  Upon
termination of the Term of Employment for any reason, Employee shall return all TSC property, including but not limited to computer programs, files, notes, records,
charts, or other documents or things containing in whole or in part any of TSC's Confidential Information; 

        (b)  During
the Term of Employment and subsequent to termination, Employee agrees to treat all such Confidential Information as confidential and to take all necessary
precautions against disclosure of such information to third parties during and after Employee's employment with TSC. Employee shall refrain from using or disclosing to any person, without the prior
written approval of TSC's Chief Executive Officer any Confidential Information unless at that time the information has become generally and lawfully known to TSC's competitors; 

        (c)  Without
limiting the obligations of paragraph 8(b), Employee shall not, for a period of one year following his termination of employment for any reason, for
himself or as an agent, partner or employee of any person, firm or corporation, engage in the practice of consulting or related services for any client of TSC for whom Employee performed services, or
prospective TSC client to whom Employee submitted, or assisted in the submission of a proposal during the one year period preceding his termination of employment; 

        (d)  During
a one year period immediately following Employee's termination of employment for any reason, Employee shall not induce or assist in the inducement of any TSC
employee away from TSC's employ or from the faithful discharge of such employee's contractual and fiduciary obligations to serve TSC's interests with undivided loyalty; 

        (e)  For
one year following his termination of employment for any reason, Employee shall keep TSC currently advised in writing of the name and address of each business
organization for which he acts as agent, partner, representative or employee. 

        9.    Remedies:    Employee recognizes and agrees that a breach of any or all of the provisions of paragraph 8 will
constitute immediate and irreparable harm to TSC's business advantage, including but not limited to TSC's valuable business relations, for which damages cannot be readily calculated and for which
damages are an inadequate remedy. Accordingly, Employee acknowledges that TSC shall 

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therefore be entitled to an order enjoining any further breaches by the Employee. Employee agrees to reimburse TSC for all costs and expenses, including reasonable attorneys' fees incurred by TSC in
connection with the enforcement of its rights under any provision of this Agreement. 

        10.    Intellectual Property:    During the Term of Employment, Employee shall disclose to TSC all ideas, inventions
and business plans which he develops during the course of his employment with TSC which relate directly or indirectly to TSC's business, including but not limited to any computer programs, processes,
products or procedures which may, upon application, be protected by patent or copyright. Employee agrees that any such ideas, inventions or business plans shall be the property of TSC and that
Employee shall at TSC's request and cost, provide TSC with such assurances as is necessary to secure a patent or copyright. 

        11.    Assignment:    Employee acknowledges that the services to be rendered pursuant to this Agreement are unique and
personal. Accordingly, Employee may not assign any of his rights or delegate any of his duties or obligations under this Agreement. TSC may assign its rights, duties or obligations under this
Agreement to a subsidiary or affiliated company of TSC or purchaser or transferee of a majority of TSC's outstanding capital stock or a purchaser of all, or substantially all, of the assets of TSC. 

        12.    Notices:    All notices shall be in writing, except for notice of termination of employment, which may be oral
if confirmed in writing within 14 days. Notices intended for TSC shall be sent by registered or certified mail addressed to it at 205 North Michigan Avenue, 15th Floor, Chicago,
Illinois 60601 or its current principal office, and notices intended for Employee shall be either delivered personally to him or sent by registered or certified mail addressed to his last known
address. 

        13.    Entire Agreement:    This Agreement and Exhibit A attached hereto constitute the entire agreement between TSC
and Employee. Neither Employee nor TSC may modify this Agreement by oral agreements, promises or representations. The parties may modify this Agreement only by a written instrument signed by the
parties. 

        14.    Applicable Law:    This Agreement shall be governed by and construed in accordance with the laws of the State
of Illinois. 

        15.    Mediation of Disputes:    Neither party shall initiate arbitration or other legal proceedings (except for any
claim under Paragraph 8 of this Agreement), against the other party, or, in the case of TSC, any of
its directors, officers, employees, agents, or representatives, relating in any way to this Agreement, to Employee's employment with TSC, the termination of his employment or any or all other claims
that one party might have against the other party until 30 days after the party against whom the claim[s] is made ("Respondent") receives written notice from the claiming party
of the specific nature of any purported claim and the amount of any purported damages. Employee and TSC further agree that if Respondent submits the claiming party's claim to the Center for Public
Resources, 680 Fifth Avenue, New York, New York 10019, for nonbinding mediation prior to the expiration of such 30 day period, the claiming party may not institute arbitration or other
legal proceedings against Respondent until the earlier of (i) the completion of nonbinding mediation efforts, or (ii) 90 days after the date on which the Respondent received
written notice of the claimant's claim. 

        16.    Binding Arbitration:    Employee and TSC agree that all claims or disputes relating to his employment with TSC
or the termination of such employment, and any and all other claims that Employee might have against TSC, any TSC director, officer, employee, agent, or representative, and any and all claims or
disputes that TSC might have against Employee (except for any claims under Paragraph 8 of this Agreement) shall be resolved under the Expedited Commercial Rules of the American Arbitration
Association. If either party pursues a claim and such claim results in an Arbitrator's decision, both parties agree to accept such decision as final and binding. TSC and 

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Employee agree that any litigation under Paragraph 8 of this Agreement shall be brought in the Circuit Court for Cook County, Illinois. 

        17.    Severability:    Whenever possible, each provision of this Agreement will be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent
of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

        18.  Employee
acknowledges that he has read, understood and accepts the provisions of this Agreement. 

	

Technology Solutions Company	
 	

Employee
	

By:	
 	

/s/  JACK N. HAYDEN      
	
 	

/s/  TIMOTHY P. DIMOND      

	

Position:	
 	

President and Chief Executive Officer	
 	

 	
 	

 
	

Dated as of:	
 	

January 21, 2002	
 	

Dated as of:	
 	

January 21, 2002

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EXHIBIT A  

	EMPLOYEE:	 	Timothy P. Dimond
	

POSITION:	
 	

Senior Vice President & Chief Financial Officer
	

BASE SALARY:	
 	

$260 Thousand Per Annum	
 	

 
	

EFFECTIVE DATE:	
 	

January 21, 2002
	

 	

 	

 	

 	

/s/  TIMOTHY P. DIMOND      

	

 	

 	

 	

 	

January 21, 2002

	

 	
 	

 	
 	

Dated as of
	

 	

 	

 	

 	

/s/  JACK N. HAYDEN      

	

 	
 	

 	
 	

Technology Solutions Company
	

 	

 	

 	

 	

January 21, 2002

	

 	
 	

 	
 	

Dated as of

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Exhibit 10.21<Page>

                                   Exhibit 4.1
   [Specimen of certificate representing Common Shares of Beneficial Interest]

COMMON SHARES OF                           ]                   COMMON SHARES OF
BENEFICIAL INTEREST                                         BENEFICIAL INTEREST
$.01 PAR VALUE                                                  $0.01 PAR VALUE
Number                                                                   Shares
------                                                                   ------

                                GREAT LAKES REIT

Formed Under the Laws of
the State of Maryland

                                   See Reverse for Important Notice on Transfer
                                             Restrictions and Other Information
                                                              Cusip 390752 10 3

     This certifies that __________________________________ is the record
holder of __________________________ fully paid and nonassessable shares of
Common Shares of Beneficial Interest, $.01 par value per share, of Great
Lakes REIT, a real estate investment trust formed under the laws of the State
of Maryland (the "Company") transferable on the books of the Company by the
holder hereof in person or by its duly authorized attorney, upon surrender of
this Certificate properly endorsed. This Certificate and the shares evidenced
hereby are issued and shall be held subject to all of the provisions of the
Declaration of Trust of the Company (the "Declaration of Trust") and the
Bylaws of the Company and any amendments thereto. This Certificate is not
valid unless countersigned and registered by the Transfer Agent and the
Registrar.

     In Witness Whereof, the Company has caused this Certificate to be
executed on its behalf by its duly authorized officers.

Dated:
                                Great Lakes REIT
                                   Trust Seal
                                    Maryland

Countersigned and Registered:                                 /s/ Richard A. May
American Stock Transfer & Trust Company                    Chairman of the Board
Transfer Agent and Registrar
                                                           /s/ Richard L. Rasley
By                                                                     Secretary
Authorized Signature

<Page>

                            [Reverse of Certificate]

                                IMPORTANT NOTICE

     THE COMPANY IS AUTHORIZED TO ISSUE SHARES OF BENEFICIAL INTEREST ("SHARES")
OF MORE THAN ONE CLASS, CONSISTING OF COMMON SHARES AND ONE OR MORE CLASSES OF
PREFERRED SHARES. THE BOARD OF TRUSTEES IS AUTHORIZED TO DETERMINE THE
PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF ANY CLASS OF THE PREFERRED
SHARES BEFORE THE ISSUANCE OF SHARES OF SUCH CLASS OF PREFERRED SHARES. THE
COMPANY WILL FURNISH, WITHOUT CHARGE, TO ANY SHAREHOLDER MAKING A WRITTEN
REQUEST THEREFOR, A COPY OF THE COMPANY'S DECLARATION OF TRUST AND A WRITTEN
STATEMENT OF THE DESIGNATIONS, RELATIVE RIGHTS, PREFERENCES, CONVERSION OR OTHER
RIGHTS, VOTING POWERS, RESTRICTIONS, LIMITATIONS AS TO DIVIDENDS AND OTHER
DISTRIBUTIONS, QUALIFICATIONS AND TERMS AND CONDITIONS OF REDEMPTION OF THE
SHARES OF EACH CLASS WHICH THE COMPANY HAS THE AUTHORITY TO ISSUE AND, IF THE
COMPANY IS AUTHORIZED TO ISSUE ANY PREFERRED OR SPECIAL CLASS IN SERIES, (i) THE
DIFFERENCES IN THE RELATIVE RIGHTS AND PREFERENCES BETWEEN THE SHARES OF EACH
SERIES TO THE EXTENT SET, AND (ii) THE AUTHORITY OF THE BOARD OF TRUSTEES TO SET
SUCH RIGHTS AND PREFERENCES OF SUBSEQUENT SERIES. REQUESTS FOR SUCH WRITTEN
STATEMENT MAY BE DIRECTED TO THE SECRETARY OF THE COMPANY AT ITS PRINCIPAL
OFFICE.

     THE COMMON SHARES OF BENEFICIAL INTEREST EVIDENCED BY THIS CERTIFICATE ARE
SUBJECT TO RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE OWNERSHIP AND TRANSFER
FOR THE PURPOSE OF THE COMPANY'S MAINTENANCE OF ITS STATUS AS A REAL ESTATE
INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THESE
RESTRICTIONS ARE SET FORTH IN THE DECLARATION OF TRUST AND BYLAWS OF THE
COMPANY, COPIES OF WHICH WILL BE FURNISHED TO EACH SHAREHOLDER ON REQUEST AND
WITHOUT CHARGE. REQUESTS FOR SUCH COPIES MAY BE DIRECTED TO THE SECRETARY OF THE
COMPANY AT ITS PRINCIPAL OFFICE.

     The following abbreviations when used in the inscription on the face of
this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common
TEN ENT - as tenants by the entireties
JT TEN -as joint tenants with right of survivorship and not as tenants in common

UNIF GIFT MIN ACT - ________________ Custodian _____________
                        (Cust)                    (Minor)
under Uniform Gifts to Minors Act _______________________
                                          (State)
Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, ____________________ hereby sell, assign and transfer unto

      [Please insert Social Security or Other Identifying Number of Assignee]
        __________

      [Please print or typewrite name and address, including zip code, of
        Assignee]

Common Shares of Beneficial Interest represented by this Certificate, and do
hereby irrevocably constitute and appoint __________________________________
Attorney to transfer the said shares on the books of the within-named Company,
with full power of substitution in the premises.

Dated ________________                        Signature

                                              Signature

<Page>

NOTICE: The signature(s) to this Assignment must correspond with the name(s) as
written upon the face of the Certificate in every particular, without alteration
or enlargement or any change whatsoever.

Signature(s) Guaranteed:

By

The Signature(s) should be guaranteed by an eligible guarantor institution
(Banks, Stockbrokers, Savings and Loan Associations and Credit Unions with
membership in an approved signature guarantee Medallion Program), pursuant to
SEC Rule 17Ad-15.

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