Document:

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                                                                   EXHIBIT 10(e)

                           REGENT COMMUNICATIONS, INC.

                           DEFERRED COMPENSATION PLAN

                        (EFFECTIVE AS OF OCTOBER 1, 2002)

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                           REGENT COMMUNICATIONS, INC.
                           DEFERRED COMPENSATION PLAN

                                  INTRODUCTION

         Regent Communications, Inc. recognizes the unique qualifications of its
(and its Affiliates') executives and the valuable services they provide and
desires to establish a plan to provide an incentive for executives to defer
compensation. This Plan is intended to be an unfunded arrangement maintained by
Regent Communications, Inc. established for the purpose of providing deferred
compensation primarily for a select group of management or highly compensated
employees as described in sections 201(2), 301(a)(3), and 401(a)(1) of ERISA.

         Regent Communications, Inc., on behalf of itself and its Affiliates,
hereby adopts the Regent Communications, Inc. Deferred Compensation Plan
effective October 1, 2002 as hereinafter provided. The rights of any person
whose status as an employee of the Company has terminated shall be determined
pursuant to the Plan as in effect on the date such employee terminates, unless a
subsequently adopted provision of the Plan is made specifically applicable to
such person.

                                   ARTICLE I
                                  DEFINITIONS

1.1 "ACCRUED BENEFIT" means the total of the Participant's Deferred Compensation
Account and Matching Contribution Account.

1.2 "AFFILIATE" means each of the following for such period of time as is
applicable under section 414 of the Code:

         (a) a corporation which, together with the Company, is a member of a
controlled group of corporations within the meaning of section 414(b) of the
Code (as modified by section 415(h) thereof for the purposes of Article 5) and
the applicable regulations thereunder;

         (b) a trade or business (whether or not incorporated) with which the
Company is under common control within the meaning of section 414(c) of the Code
(as modified by section 415(h) thereof for the purposes of Article 5) and the
applicable regulations thereunder;

         (c) an organization which, together with the Company, is a member of an
affiliated service group (as defined in section 414(m) of the Code); and

         (d) any other entity required to be aggregated with the Company under
section 414(o) of the Code.

1.3 "BENEFICIARY" means the person or entity who is entitled to receive the
distribution, if any, payable under the Plan upon a Participant's death. Each
Participant may designate a Beneficiary in a writing filed with the Company on a
form satisfactory to the Committee. Any designation of a

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Beneficiary filed for purposes of the Plan may be revoked at any time and
another designation may be made by the Participant without the consent of any
person. If there is no properly designated beneficiary, then any death benefit
shall be payable to the Participant's estate.

1.4 "BOARD" means the Board of Directors of Regent Communications, Inc., as
constituted from time to time. Such Board of Directors may authorize any
committee of the Board or any other person or committee to act on its behalf
with respect to matters described in the Plan that require Board action.

1.5 "CODE" means the Internal Revenue Code of 1986, as amended from time to
time, and regulations relating thereto.

1.6 "COMMITTEE" means the committee appointed by the Board to administer the
Plan pursuant to Article VIII herein.

1.7 "COMPANY" means Regent Communications, Inc., a Delaware corporation, or any
successor thereto, including any successor to substantially all of its assets
that adopts and assumes the Plan at the time of transfer. The term "Company"
shall include any Affiliate, or any successor or assign of any of them. With
respect to particular Covered Employees and Participants, the term "Company"
means the corporation or entity by which they are or were employed.

1.8 "COMPENSATION" means, with respect to a Plan Year, the total amount of base
salary, wages and cash bonuses paid by the Company to a Covered Employee or
which would otherwise be paid but for a deferral election under this Plan, under
the Retirement Plan, or under a plan subject to section 125 of the Code.

1.9 "COVERED EMPLOYEE" means any executive officer or other employee of the
Company designated by the Board to be eligible to become a Participant in the
Plan and also means a former Covered Employee who has an Accrued Benefit under
the Plan.

1.10 "DEFERRED COMPENSATION ACCOUNT" means the account to be established by the
Company as a book reserve on behalf of each Participant to reflect the amounts
deferred by a Participant under Article II, as adjusted by earnings (or losses)
under Article IV.

1.11 "DEFERRED COMPENSATION AGREEMENT" means the form described in Article II of
the Plan.

1.12 "DISABILITY" means, with respect to a Participant, an injury or disease
which was not intentionally self-inflicted and which the Administrator has
determined, on the basis of such evidence as it determines to be satisfactory,
permanently prevents such Participant from performing his regular duties with
the Company.

1.13 "EFFECTIVE DATE" means October 1, 2002.

1.14 "EMPLOYMENT COMMENCEMENT DATE" means, with respect to an individual, the
date on which he first performs an hour of service with the Company.

1.15 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

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1.16 "INVESTMENT FUNDS" mean such investment funds that the Committee may, in
its discretion, make available in determining the earnings (or losses) on a
Participant's Accrued Benefit under Article IV.

1.17 "MATCHING CONTRIBUTION ACCOUNT" means the account to be established by the
Company as a book reserve on behalf of each Participant to reflect the matching
contributions by the Company on behalf of the Participant under Article III, as
adjusted by earnings (or losses) under Article IV. The Committee may determine
that the segregated accounting for matching contributions is not necessary, in
which event, all matching contributions will be accounted for as part of the
Participant's Deferred Compensation Account and all references herein to a
Matching Contribution Account will be deemed to be a reference to the
Participant's Deferred Compensation Account.

1.18 "PARTICIPANT" means a Covered Employee entitled to any Accrued Benefit
under the Plan.

1.19 "PLAN" means the Regent Communications, Inc. Deferred Compensation Plan as
set forth in this document, and as may be amended hereafter.

1.20 "PLAN YEAR" means initially the period beginning on the Effective Date and
ending on December 31, 2002, and thereafter means the calendar year.

1.21 "RETIREMENT PLAN" means the Regent Communications, Inc. 401(k) Profit
Sharing Plan as in effect on the Effective Date and as subsequently amended, or
any successor or replacement plan for such Retirement Plan.

1.22 "SERVICE" means each period beginning on the individual's Employment
Commencement Date and ending with his termination of employment (whether or not
continuous).

1.23 "TRUST" means the trust established by the Regent Communications, Inc.
Rabbi Trust Agreement between the Company and Circle Trust Company, or any
successor thereto under the terms of such Trust Agreement.

1.24 "VESTING YEARS" means each 12 month period of Service. Nonsuccessive
periods of Service shall be aggregated, and less than whole year periods of
Service (whether or not consecutive) shall be aggregated on the basis that 12
months of Service (30 days are deemed to be a month in the case of aggregation
of fractional months) equal a whole Vesting Year.

                                   ARTICLE II
                               DEFERRAL ELECTIONS

2.1 GENERAL. For each Plan Year, a Participant may elect to have a portion of
his Compensation (expressed as a specified dollar amount or a whole percentage
of his Compensation) deferred and credited to his Deferred Compensation Account
by entering into a Deferred Compensation Agreement in the manner provided in
Section 2.2.

         A Participant who elects to have a portion of his Compensation deferred
and credited to his Deferred Compensation Account shall be required, as a
condition to participation in the Plan during

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such Plan Year, to elect to make the maximum before-tax contributions to the
Retirement Plan permitted under the terms of the Retirement Plan and the Code.

2.2 DEFERRED COMPENSATION AGREEMENT. A Covered Employee desiring to exercise an
election under Section 2.1 shall file with the Company a Deferred Compensation
Agreement in such form as the Committee may prescribe. Such election may not be
changed during the Plan Year; provided however, at any time during the Plan Year
such Covered Employee may discontinue deferrals by revoking his election for the
remainder of the Plan Year. A Deferred Compensation Agreement shall be
authorization to the Company to defer a portion of the Covered Employee's
Compensation and shall provide that his Compensation be reduced by equal amounts
for each payroll period during the Plan Year or in such other manner as
permitted by the Committee.

2.3 TIME OF ELECTION. A Covered Employee's Deferred Compensation Agreement must
be delivered to the Employer prior to the beginning of each Plan Year by such
date as the Committee shall specify. Notwithstanding the foregoing, for the 2002
Plan Year only, a Covered Employee may deliver his Deferred Compensation
Agreement to the Company at any time before October 1, 2002, to be effective
only with respect to Compensation earned on or after October 1, 2002.

         An employee of the Company who becomes a Covered Employee during a Plan
Year and who wishes to enter into a Deferred Compensation Agreement must deliver
the Deferred Compensation Agreement to the Company within the 30-day period
following the day he becomes a Covered Employee, but only with respect to
Compensation earned after the date such Deferred Compensation Agreement is
delivered to the Company.

2.4 BONUS ELECTIONS. Notwithstanding the provisions of Sections 2.2 and 2.3, a
Covered Employee desiring to exercise an election with respect to any regular or
annual bonus which is part of his Compensation earned in any Plan Year must
complete and deliver a Deferred Compensation Agreement to the Committee prior to
the first day of the Plan Year with respect to which the bonus is earned.

         Notwithstanding the foregoing, for bonuses earned in the 2002 Plan
Year, a Covered Employee may complete and deliver a Deferred Compensation
Agreement to the Committee prior to October 1, 2002.

2.5 COMMENCEMENT OF DEFERRALS. A Deferred Compensation Agreement shall be
effective for the entire Plan Year to which it relates, but only with respect to
Compensation of the Covered Employee earned for services rendered after the
election is made in accordance with Sections 2.2 through 2.4.

2.6 CONTRIBUTION TO TRUST. Assets equal in value to the Compensation otherwise
payable to the Covered Employee during the Plan Year, but deferred in accordance
with Section 2.2, may be paid to the Trust no later than 60 days after the end
of the Plan Year to which the deferral relates.

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                                  ARTICLE III
                         COMPANY MATCHING CONTRIBUTIONS

3.1 GENERAL. For each Plan Year that a Covered Employee elects to have a portion
of his Compensation deferred under Article II, the Company shall credit a
matching contribution to the Covered Employee's Matching Contribution Account in
the amount provided in Section 3.2.

3.2 MATCHING CONTRIBUTION RATE. The matching contribution shall be calculated by
reference to the Covered Employee's Compensation deferrals for the Plan Year
pursuant to Article II in such percentage of such portion of the Covered
Employee's deferrals as may be properly determined by the Board for the Plan
Year and applied uniformly to such Covered Employees, with such determination
occurring no later than 60 days after the end of the Plan Year for which the
deferrals were made. For the Plan Year beginning on October 1, 2002 and ending
on December 31, 2002, if no action of the Board is taken with respect to
determining a different rate of matching contribution, the matching contribution
shall be 100% of the Covered Employee's first 4% of deferrals to the Plan for
such short Plan Year.

                                   ARTICLE IV
                           EARNINGS ON ACCRUED BENEFIT

4.1 GENERAL. The Accrued Benefit of each Participant shall be credited with an
additional amount of hypothetical earnings (or losses) determined under this
Article IV.

4.2 INVESTMENT ELECTIONS. Each Participant shall elect the manner in which his
Accrued Benefit, other than his Matching Contribution Account, is to be credited
with earnings (and losses) by designating how the Accrued Benefit (other than
Matching Contribution Account) is to be invested on a hypothetical basis from
among the Investment Funds. Such an election shall be made in writing, on a form
provided by the Committee, and delivered to the Company prior to the beginning
of each Plan Year by such date as the Committee shall determine. An investment
election shall be effective for the entire Plan Year to which it relates unless
modified by the Participant during the Plan Year at such times as permitted by
the Committee.

         If a Participant fails to make and deliver an election for the
following Plan Year by the date as determined by the Committee, then his Accrued
Benefit (other than Matching Contribution Account) shall continue to be invested
in the manner provided under the investment election most recently in effect.

         The Company shall elect the manner in which Matching Contribution
Accounts shall be credited with earnings (and losses) by designating how the
Matching Contribution Accounts are to be invested on a hypothetical basis from
among the Investment Funds. Absent any action by the Board, Matching
Contribution Accounts shall be treated as invested in shares of common stock of
Regent Communications, Inc.

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4.3 TRUST INVESTMENTS. Nothing contained herein shall be deemed to allow any
Participant to direct how the assets of the Trust are invested. Such investments
are governed by the terms of the Trust.

                                   ARTICLE V
                           VESTING OF ACCRUED BENEFIT

5.1 DEFERRED COMPENSATION ACCOUNT. A Participant's rights to his Deferred
Compensation Account shall be nonforfeitable at all times.

5.2 MATCHING CONTRIBUTION ACCOUNT. A Participant shall have a nonforfeitable
right to his Matching Contribution Account upon attainment of age 65, death, or
termination of employment with the Company due to Disability. Subject to Section
7.2, prior to termination of employment with the Company, a Participant shall
have a nonforfeitable right to his Matching Contribution Account on the basis of
the number of Vesting Years with which he is credited, pursuant to the following
schedule:

<TABLE>
<CAPTION>
                                                                Nonforfeitable
                  Vesting Years                                   Percentage
                  -------------                                ---------------
<S>                                                                <C>
                  Less than 1                                             0%
                  1                                                    33.3%
                  2                                                    66.6%
                  3 or more                                             100%
</TABLE>

5.3 FORFEITURES. Forfeitures shall be applied to the reduction of the Employer's
future contributions to the Plan.

                                   ARTICLE VI
                          DISTRIBUTION OF PLAN BENEFITS

6.1 DISTRIBUTABLE EVENTS. A Participant's Accrued Benefit shall become
distributable upon the Participant's separation from service with the Company
due to his retirement, death, Disability or other termination of employment.

6.2 COMMENCEMENT OF PAYMENT. Upon a separation from service described in Section
6.1, the Accrued Benefit of a Covered Employee shall be determined as of the
last day of the calendar quarter in which the separation from service occurs and
shall commence to be paid no later than the end of the next calendar quarter.

6.3 FORM OF PAYMENT. Upon a separation from service described in Section 6.1, a
Participant's Accrued Benefit shall be paid in cash in a single lump sum.

6.4 DEATH OF PARTICIPANT. Upon the death of a Participant, his Accrued Benefit
shall be payable to the Participant's Beneficiary in cash in a single lump sum.

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                                  ARTICLE VII
                                CHANGE OF CONTROL

7.1 DEFINITION OF CHANGE OF CONTROL. For purposes of this Plan, Change of
Control shall mean the purchase or other acquisition by any person, entity or
group of persons, within the meaning of section 13(d) or 14(d) of the Securities
Exchange Act of 1934 ("Act"), or any comparable successor provisions, of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Act) of 30 percent or more of either the outstanding shares of common stock or
the combined voting power of Regent Communications, Inc.'s then outstanding
voting securities entitled to vote generally, or the approval by the
stockholders of Regent Communications, Inc. of a reorganization, merger, or
consolidation, in each case, with respect to which persons who were stockholders
of Regent Communications, Inc. immediately prior to such reorganization, merger
or consolidation do not, immediately thereafter, own more than 50 percent of the
combined voting power entitled to vote generally in the election of directors of
the reorganized, merged or consolidated Regent Communications, Inc.'s then
outstanding securities, or a liquidation or dissolution of Regent
Communications, Inc. or of the sale of all or substantially all of Regent
Communications, Inc.'s assets.

7.2 VESTING UPON A CHANGE OF CONTROL. Notwithstanding the provisions of Section
5.2, upon a Change of Control a Participant shall have a nonforfeitable right to
his Matching Contribution Account.

7.3 PAYMENT OF BENEFITS UPON A CHANGE OF CONTROL. Notwithstanding the provisions
of Section 6.2, upon a Change of Control, the Participant's Accrued Benefit
shall be determined as of the last day of the calendar quarter in which the
Change of Control occurs and shall be paid no later than the end of the next
calendar quarter.

                                  ARTICLE VIII
                                 ADMINISTRATION

8.1 THE COMMITTEE. The Plan shall be administered by the Committee appointed by
the Board which shall serve at the discretion of the Board.

8.2 AUTHORITY OF THE COMMITTEE. Subject to the provisions of the Plan, the
Committee shall have full power to construe and interpret the Plan and to
establish, amend or waive rules and regulations for its administration.

8.3 DELEGATION OF CERTAIN RESPONSIBILITIES. The Committee may, in its sole
discretion, delegate to an officer or officers of the Company the administration
of the Plan under this Article VIII; provided however, that no such delegation
by the Committee shall be made with respect to the administration of the Plan as
it affects such officer or officers and provided further that the Committee may
not delegate its authority to correct errors, omissions or inconsistencies in
the Plan.

8.4 PROCEDURES OF THE COMMITTEE. All determinations of the Committee shall be
made by not less than a majority of its members present at the meeting (in
person or otherwise) at which a

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quorum is present. A majority of the entire Committee shall constitute a quorum
for the transaction of business. Any action required or permitted to be taken at
a meeting of the Committee may be taken without a meeting if a unanimous written
consent, which sets for the action, is signed by each member of the Committee
and filed with the minutes for proceedings of the Committee.

8.5 INDEMNIFICATION. The Company hereby agrees to indemnify the Committee and
each if its members and the Board and each of its members and to hold them
harmless against all liability, joint and several, for their acts, omissions and
conduct and for the acts, omissions and conduct of their duly appointed agents
made in good faith pursuant to the provisions of the Plan, including any
out-of-pocket expenses reasonably incurred in the defense of any claim relating
thereto; provided, however, that no indemnitee shall voluntarily assume or admit
any such liability, nor, except at its or his own cost, shall any of the
foregoing make any payment, assume any obligations or incur any expense in
respect thereof without the consent of the Board. The Company may purchase, at
its own expense, liability insurance to protect the Company and the persons
indemnified hereunder from liability incurred in the good faith administration
of this Plan.

                                   ARTICLE IX
                                CLAIMS PROCEDURE

9.1 GENERAL. A Participant who believes that his Accrued Benefit has not paid in
full ("claimant") shall file such objection on the form prescribed for such
purpose with the Committee.

9.2 DENIALS. The Committee shall review such filing and provide a notice of the
decision regarding such filing to the claimant within a reasonable period of
time after receipt of the notice by the Committee.

9.3 NOTICE. Any claimant whose objection to a payment of his Accrued Benefit is
denied shall be furnished written notice setting forth:

         (a) the specific reason or reasons for the denial;

         (b) specific reference to the pertinent provision of the Plan upon
which the denial is based;

         (c) a description of any additional material or information necessary
for the claimant to perfect the objection; and

         (d) an explanation of the claims review procedure under the Plan.

9.4 APPEALS PROCEDURE. In order that a claimant may appeal a denial of his
objection to the amount of his Accrued Benefit, the claimant or the claimant's
duly authorized representative may:

         (a) request a review by written application to the Committee, or its
designate, no later than sixty (60) days after receipt by the claimant of
written notification of denial of his objection;

         (b) review pertinent documents; and

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         (c) submit issues and comments in writing.

9.5 REVIEW. A decision on review of a denied objection shall be made not later
than thirty (30) days after receipt of a request for review, unless special
circumstances require an extension of time for processing, in which case a
decision shall be rendered within a reasonable period of time, but not later
than sixty (60) days after receipt of a request for review. The decision on
review shall be in writing and shall include the specific reason(s) for the
decision and the specific reference(s) to the pertinent provisions of the Plan
on which the decision is based.

                                   ARTICLE X
                            AMENDMENT OR TERMINATION

10.1 AMENDMENT OR TERMINATION. The Plan may be amended in whole or in part from
time to time, or terminated, by action of the Board. Such termination and any
such amendment shall be binding on the Company and each Participant. Notice of
such amendment or termination shall be given in writing to each Participant.

10.2 EFFECT OF AMENDMENT OR TERMINATION. No amendment or termination of the Plan
shall directly or indirectly (1) reduce the value of a Participant's Accrued
Benefit, or (2) change the form or timing of the payment of a Participant's
Accrued Benefit with respect to contributions made prior to the date of the
amendment or termination.

                                   ARTICLE XI
                               GENERAL PROVISIONS

11.1 NO FUNDING OR INTEREST IN ASSETS. The Plan shall at all times be entirely
unfunded and, except for the provisions relating to the transfer of assets to
the Trust, no provision shall at any time be made with respect to segregating
any assets of the Company for payment of any benefits hereunder. No Participant
shall acquire any property interest in the assets of the Company or of the
Trust, their rights being limited to receiving from the Company deferred
payments as set forth in this Plan and these rights are conditioned upon
continued compliance with the terms and conditions of this Plan.

         To the extent that any Participant acquires a right to receive benefits
under this Plan, such right shall be no greater than the right of any unsecured
general creditor of the Company. Consistent with the foregoing, the Company has
established the Trust and the obligations of the Company under the Plan shall be
reduced to reflect the value of any payment of benefits from the Trust.

11.2 ASSIGNMENT OR ALIENATION. Except as required by law, no right of a
Participant to receive payments under this Plan shall be subject to transfer,
anticipation, commutation, alienation, sale, assignment, encumbrance, charge,
pledge, or hypothecation or to execution, attachment, levy or similar process or
assignment by operation of law and any attempt, voluntary or involuntary, to
effect any such action shall be null and void and of no effect.

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<PAGE>

11.3 EFFECT ON RETIREMENT PLAN. Any benefit under the Retirement Plan shall be
paid solely in accordance with the terms and conditions of the Retirement Plan
and nothing in this Plan shall operate or be construed in any way to modify,
amend or affect the terms and provisions of the Retirement Plan.

11.4 NO GUARANTY OF BENEFITS. Nothing contained in the Plan shall constitute a
guaranty by any person that the assets of an Company or the Trust will be
sufficient to pay any benefit hereunder.

11.5 NO ENLARGEMENT OF RIGHTS. No Participant shall have any right to a benefit
under the Plan except in accordance with the terms of the Plan. Establishment of
the Plan shall not be construed to give any Covered Employee the right to be
retained in the service of the Company.

11.6 CONSTRUCTION. This Plan shall be construed under the laws of the State of
Delaware. Article and Section headings are for convenience only and shall not be
considered as part of the terms and provisions of the Plan. Words in the
masculine gender shall include the feminine, and the singular shall include the
plural, and vice versa, unless qualified by the context.

11.7 WITHHOLDING OF TAXES. The Company shall withhold from any amounts payable
under the Plan, all federal, state, and local taxes that the Company determines
is legally required.

11.8 BINDING ON SUCCESSORS, PURCHASERS, TRANSFEREES AND ASSIGNEES. The Plan
shall be binding upon any successor or successors of the Company whether by
merger, consolidation, or otherwise.

         IN WITNESS WHEREOF, Regent Communications, Inc., on behalf of itself
and its Affiliates, has caused this Plan to be adopted and executed by its duly
authorized officer as of this 25th day of July 2002.

                                           REGENT COMMUNICATIONS, INC.

                                           By:    /s/ Terry S. Jacobs

                                           Title: Chief Executive Officer
                                                  and Chairman of the Board

                                      -10-<PAGE>
Exhibit 10.11

                         EXECUTIVE EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made and entered into as of September 23, 2002 (the
"Effective Date") between Ted Crawford ("Executive") and TEAM America, Inc., an
Ohio corporation (the "Company").

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and Executive hereby
agree as follows:

         1. Employment and Duties. On the terms and subject to the conditions
set forth in this Agreement, the Company agrees to employ Executive as its
President to render such services as would be customary for such position and to
render such other services and discharge such other responsibilities as the
Company's Board of Directors or the Chief Executive Officer may, from time to
time, stipulate.

         2. Performance. Executive accepts the employment described in Section 1
of this Agreement and agrees to faithfully discharge his duties and devote
adequate professional time and effort to the performance of the services
described therein. Nothing in this Agreement, however, shall preclude the
Executive from devoting a reasonable amount of his time and efforts to civic,
community, charitable, professional and trade association affairs and matters.

         3. Term. Executive's employment under this Agreement (the "Employment
Period") shall commence as of the Effective Date and continue until terminated
by either party. Executive's employment is "at will," so that it may be
terminated by either party at any time, with or without cause. On termination of
Executive's employment, Executive's entitlement to any severance pay shall be
governed by Section 7 hereof.

         4. Compensation.

         4.1 Salary. For all the services to be rendered by Executive hereunder,
the Company agrees to pay, during the Employment Period, a base salary at the
rate of not less than $240,000 ("Base Salary") per annum payable weekly or
otherwise according to the Company's regular pay schedule for salaried
employees. The Company and Executive agree that the salary provided herein shall
be subject to annual review for cost of living and merit factors, with any
adjustments being mutually agreed between the Company and Executive.

         4.2 Incentive Compensation. With respect to each fiscal year of the
Company during the Employment Period, the Company will pay Executive a bonus of
up to 50% of the Base Salary set forth in Paragraph 4.1, or as thereafter in
effect, based upon

<PAGE>

achievement of an EBITDA objective (the "EBITDA Objective") as determined from
year to year pursuant to the Company's Senior Executive Bonus Plan, as amended
from time to time. Company will award Executive with options to acquire not less
than 10,000 shares of its stock pursuant to its Incentive Stock Option Plan
("ISO Shares") for 2002, to be issued at fair market value, with vesting over
four (4) years (which shall be in addition to the 50,000 ISO Shares awarded
Executive for the year 2002 pursuant to the terms of his Executive Employment
Agreement dated May 1, 2002); provided nothing contained herein shall obligate
the Company to continue the Executive's employment for any period of time nor
change in any way the "at will" nature of Executive's employment.

         4.3 Vacation. Executive shall be entitled to take four (4) weeks of
vacation, with pay, during each year of service under this Agreement. Vacation
allowances shall cumulate from year to year based upon Company's standard
vacation policy.

         4.4 Other Benefits. Except as otherwise specifically provided herein,
during the Employment Period Executive shall be eligible for all non-wage
benefits the Company provides generally for its other corporate officers.

         5. Business Expenses.

         5.1 Reimbursement. The Company shall reimburse Executive for the
reasonable, ordinary, and necessary expenses incurred by him in connection with
the performance of his duties hereunder, including but not limited to, ordinary
and necessary travel expenses, entertainment expenses and automobile allowance.

         5.2 Accounting. Executive shall provide the Company with an accounting
of his expenses, which accounting shall clearly reflect which expenses are
reimbursable by the Company. Executive will provide the Company with such other
supporting documentation and other substantiation of reimbursable expenses as
will conform to Internal Revenue Service or other requirements.

         6. Covenants of Executive.

         6.1 Non-Competition Provisions. The Executive and the Company agree
that Company has protectable, private and confidential interests including but
not limited to marketing strategies, financial information, good will,
customers, customer lists, specific customer needs and contacts, current and
future business plans and the existence and terms of this Agreement, and as such
during the Employment Period the Executive shall not, without the written
consent of the Company, engage in, be employed by, act as a consultant for or
otherwise be compensated by, be a director of or own an equity interest in, any
business which is engaged in employee leasing, the provision of PEO or ASO
services, payroll and payroll tax service, employee benefits, or job placement
products or services or any other business which would tend to compete with the
Company business or cause any Company Client to cancel its relationship with the
Company in order to purchase such products or services, nor disclose or use for
his own

                                       2

<PAGE>

benefit any of the protectable, private or confidential information belonging to
or pertaining to the Company or its affiliates to any party without the prior
written consent of the Company.

         6.2 Non-Solicitation During and for a period (3) three years following
the Employment Period, Executive shall not, as an employee, agent, owner,
contractor or in any other capacity, acting alone or in concert with others (i)
solicit the business of any customer or prospect of the Company or of any
businesses which were customers or prospects of the Company within two (2) years
preceding the termination of the Employment Period (collectively, "Company
Clients"); nor (ii) do business with or render services to any Company Client in
connection with any business similar to the business of the Company or its
subsidiaries, including, but not limited to, any business engaged in employee
leasing, the provision of PEO or ASO services, payroll and payroll tax service,
employee benefits, or job placement products or services or any other business
which would tend to compete with the Company business or cause any Company
Client to cancel its relationship with the company in order to purchase such
products or services; nor (iii) solicit, hire or interfere in any way with the
employment relationship between the Company and any of its employees. This
obligation shall be in addition to any obligation imposed on the Agent under any
confidentiality agreement with the Company.

         6.3 Confidentiality. The Executive agrees and acknowledges that, by
reason of the nature of his duties as an officer and employee, he will have or
may have access to and become informed of confidential and secret information
which is a competitive asset of the Company ("Confidential Information"),
including without limitation any lists of client organizations or worksite
employees, financial statistics, research data or any other statistics and plans
contained in profit plans, capital plans, critical issue plans, strategic plans
or marketing or operation plans or other trade secrets of the Company and any of
the foregoing which belong to any person or company but to which the Executive
has had access by reason of his employment relationship with the Company. The
Executive agrees faithfully to keep in strict confidence, and not, either
directly or indirectly, to make known, divulge, reveal, furnish, make available
or use (except for use in the regular course of his employment duties) any such
Confidential Information. The Executive acknowledges that all manuals,
instruction books, price lists, information and records and other information
and aids relating to the Company's business, and any and all other documents
containing Confidential Information furnished to the Executive by the Company or
otherwise acquired or developed by the Executive, shall at all times be the
property of the Company. Upon termination of the Employment Period, the
Executive shall return to the Company any such property or documents which are
in his possession, custody or control, but his obligation of confidentiality
shall survive such termination of the Employment Period until and unless any
such Confidential Information shall have become, through no fault of the
Executive, generally known to the trade. The obligations of the Executive under
this subsection are in addition to, and not in limitation or preemption of, all
other obligations of confidentiality which the Executive may have to the Company
under general legal or equitable principles.

                                       3
<PAGE>

         7. Termination.

         7.1 Termination Without Cause; Severance.

         (a) In the event Executive's employment with the Company is terminated
by the Company without cause (as defined below), or if Executive's employment is
terminated by reason of his death or disability, Executive shall be entitled to
severance pay in the amounts described in section 7.1 (b) below ("Severance")
plus any bonus payable under paragraph 4.2. with respect to such calendar year.

         (b) If Executive's employment is terminated without cause: (i) within
six (6) months following a "change of control," and not by death or disability,
Executive shall receive Severance equal to one (1) year's Base Salary in effect
at the time of termination, payable in 12 equal monthly installments commencing
on the last day of the month following the month in which Executive's employment
is terminated (the "Severance Period"); but (ii) if Executive's employment is
terminated without cause in the absence of such "change of control," Executive
shall receive Severance equal to six (6) months Base Salary in effect at the
time of termination, payable in 6 equal monthly installments as provided above
(also, the "Severance Period"). As used herein, "change of control" means a sale
of substantially all of the assets of the Company or the merger or consolidation
of the Company with another entity on terms whereby the Company is not the
surviving entity or the acquisition by any person or entity of more than 50% of
the voting stock of the Company or a change in management mandated in connection
with a debt or equity infusion into the Company. The foregoing notwithstanding,
if following a change of control Executive is offered a substantially similar
position at substantially similar compensation, but Executive rejects such
offer, then Executive shall not be entitled to Severance.

         (c) In the event Severance is payable hereunder, the Employment Period
shall be deemed to include the time during which Severance is payable for
purposes of Section 6 hereof.

         (d) In the event Executive breaches any obligation to the Company under
Section 6, any obligation to pay Severance shall forthwith terminate and
Executive shall, in addition to all other remedies available to the Company,
reimburse Company for any Severance previously paid to him; provided, however,
in the event Executive engages in conduct restricted under paragraph 6.1 during
the applicable Severance Period, his Severance shall only be reduced by the
amount/value of all consideration received by or attributable to him in
connection with such activities during such Severance Period.

         7.2 Termination With Cause. The Company shall have the option to
terminate the Employment Period, effective upon written notice of such
termination to Executive, for good cause ("Cause"), which shall consist of any
of the following: (a) material breach by Executive of his covenants,
responsibilities, and obligations under this Agreement; (b) commission by
Executive of theft or embezzlement of Company property or any other acts of
dishonesty; (c) commission by Executive of a crime

                                       4
<PAGE>

resulting in injury to the business, property or reputation of the Company or
commission of other significant activities harmful to the business or reputation
of the Company; or (d) insubordination; provided Executive's refusal to take
actions which he reasonably and in good faith believes are materially adverse to
the interests of the Company and its shareholders shall not be deemed to be good
cause for termination. In the event of termination of the Employment Period for
Cause, Executive shall not be entitled to receive any severance payments under
Section 7.1 hereof.

         7.3 Surrender of Properties. Upon termination of Executive's employment
with the Company, regardless of the cause therefor, Executive shall promptly
surrender to the Company all property provided him by the Company for use in
relation to his employment, and, in addition, Executive shall surrender to the
Company any and all sales materials, lists of clients and prospective clients,
price lists, files, records, or other materials and information of or pertaining
to the Company or its clients or prospective clients or the products, business,
and operations of the Company.

         7.4 Survival of Covenants. The covenants of Executive set forth in
Section 6 of this Agreement shall survive the termination of the Employment
Period or termination of this Agreement, regardless of the cause therefor.

         8. Indemnification. The Company shall indemnify and hold harmless the
Executive to the fullest extent permitted by the Code of Regulations of the
Company with respect to any claim asserted by any third party arising from or
relating to any action or inaction of Executive while serving the Company.

         9. Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the Company, its successors and assigns. The Company
shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all its assets to expressly
assume and agree to perform this agreement in the same manner and to the same
extent the Company would be required to perform if no such succession had taken
place.

         10. General Provisions.

         10.1 Notice. Any notice required or permitted hereunder shall be made
in writing (a) either by actual delivery of the notice into the hands of the
party thereunder entitled, or (b) by the mailing of the notice in the United
States mail, certified or registered mail, return receipt requested, all postage
prepaid and addressed to the party to whom the notice is to be given at the
party's respective address set forth below, or such other address as the parties
may from time to time designate by written notice as herein provided.

                                       5
<PAGE>

As addressed to the Company:        TEAM America, Inc.
                                    110 E. Wilson Bridge Rd.
                                    Worthington, Ohio 43085
                                    Attention:  S. Cash Nickerson

As addressed to Executive:          Ted Crawford
                                    664 Lookout Ridge Drive
                                    Westerville, OH

The notice shall be deemed to be received in case (a) on the date of its actual
receipt by the party entitled thereto and in case (b) on the date of its
mailing.

         10.2 Amendment and Waiver. No amendment or modification of this
Agreement shall be valid or binding upon the Company unless made in writing and
signed by an officer of the Company duly authorized by the Board of Directors or
upon Executive unless made in writing and signed by him. The waiver by the
Company of the breach of any provision of this Agreement by Executive shall not
operate or be construed as a waiver of any subsequent breach by him.

         10.3 Governing Law. The validity and effect of this Agreement and the
rights and obligations of the parties hereto shall be construed and determined
in accordance with the laws of the State of Ohio.

         10.4 Entire Agreement. This Agreement contains all of the terms agreed
upon by the parties with respect to the subject matter hereof and supersedes all
prior agreements, arrangements and communications between the parties dealing
with such subject matter, whether oral or written, including, without
limitation, the Executive Employment Agreement dated May 1, 2002.

         10.5 Binding Effect. This Agreement shall be binding upon and shall
inure to the benefit of the transferees, successors and assigns of the Company,
including any company or corporation with which the Company may merge or
consolidate.

         10.6 Arbitration. Any dispute or controversy arising under or in
connection with this Agreement shall be resolved exclusively by arbitration in
Franklin County, Ohio under the auspices and in accordance with the rules of the
American Arbitration Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction.

         10.7 Costs of Enforcement. In the event of any suit or proceeding
seeking to enforce the terms, covenants, or conditions of this Agreement, the
prevailing party shall, in addition to all other remedies and relief that may be
available under this Agreement or applicable law, recover his or its reasonable
attorneys' fees and costs as shall be determined and awarded by the court or
arbitrator.

                                       6
<PAGE>

         10.8 Headings. Numbers and titles to paragraphs hereof are for
information purposes only and, where inconsistent with the text, are to be
disregarded.

         10.9 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which when
taken together, shall be and constitute one and the same instrument.

         11. Relocation. Company has paid for Executive's relocation to the
Columbus, Ohio vicinity and provided an additional relocation allowance to him.
In the event Executive voluntarily resigns his employment prior to May 1, 2003,
Executive shall forthwith reimburse and repay to Company any relocation expense
and allowance previously paid by the Company.

         12. Compensation Committee Approval. Executive understands,
acknowledges and agrees that this Agreement and the terms herein are expressly
subject to the approval of the Compensation Committee of the Board of Directors
and the signature of the CEO below is not binding until and unless the
Compensation Committee approves the terms of this Agreement and the Agreement is
countersigned by the Chairperson of the Compensation Committee.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the date and year first written above.

                                    TEAM AMERICA, INC.

                                    ------------------------------
                                    By:      S. Cash Nickerson
                                    Title:   CEO

                                    -------------------------------
                                    Ted Crawford

                                    -------------------------------
                                    Compensation Committee Chairperson

                                       7

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