Document:

Exhibit 10.20

 

Zenith National Insurance Corp.

Amended and Restated 2003 Non-Employee Director Deferred Compensation Plan

 

DEFERRED COMPENSATION AGREEMENT

 

This
Deferred Compensation Agreement, is hereby entered into on December         ,
[      ] by and between Zenith National
Insurance Corp. (“Zenith”) and                                                             ,
a Non-Employee Director of Zenith, pursuant to the Zenith National Insurance
Corp. Amended and Restated 2003 Non-Employee Director Deferred Compensation
Plan (the “Plan”).  All capitalized terms
not defined herein shall have the meanings given to them in the Plan.  If there is any inconsistency between the
terms of this Deferred Compensation Agreement and the Plan, the terms of the
Plan, which is incorporated herein by reference, shall control.

 

Election
to Defer Director’s Compensation

 

Your
election to defer your Director’s Compensation shall be effective for Director’s
Compensation earned on and after January 1,
[      ].  Your election shall remain in effect until
you modify it.  Any modification by you
to your compensation deferral election shall comply with the terms and
conditions set forth in Section 3.2 of the Plan.

 

	
  Percentage
  of your Director’s Compensation to be deferred into your Deferred Cash
  Account:

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Percentage
  of your Director’s Compensation to be deferred into your Stock Unit Account:

  	
   

  	
   

  	
  %

  

 

NOTE:  The sum of the two deferral percentages
entered above cannot exceed 100%.

 

All
Benefits will be distributed in accordance with the terms of the Plan as soon
as reasonably practicable after the earlier of: (i) an Early Benefit
Distribution Date, if you make a valid election for early distribution of
Benefits pursuant to Section 5.2 of the Plan and this Deferred
Compensation Agreement, (ii) a Termination Event, or (iii) a
Subsequent Deferral Election.

 

Early
Benefit Distribution Date

 

You
may elect an Early Benefit Distribution Date, which is a single date on which
you will receive an amount of cash in lump sum, each as elected below.  You are not required to elect an Early
Benefit Distribution Date.  If you do not
elect an Early Benefit Distribution Date, you will receive your benefits upon
the occurrence of a Termination Event.  Your election of an Early Benefit Distribution Date
and the amount distributable to you on such date are IRREVOCABLE, subject to
any modifications as may be permitted pursuant to Section 3.2 of the Plan.

 

	
  Early
  Benefit Distribution Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Percentage
  of Deferred Cash Account to be distributed on Early Benefit Distribution Date:
  

  	
   

  	
   

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Percentage
  of Stock Unit Account to be distributed on Early Benefit Distribution Date: 

  	
   

  	
   

  	
  %

  

 

NOTE: this date must be no earlier than 24 months after the
date this Deferred Compensation Agreement is received by Zenith.

 

	
  NOTE:

  	
   

  	
  If
  less than a 100% is shown to be distributed in either of the above, the
  balance will be distributed upon the occurrence of a Termination Event.

  

 

 

Form of
Distribution

 

All
Benefits under the Plan shall be paid in cash. 
Upon a Termination Event, you will receive the amounts credited to your
Plan accounts in the form you elect below. 
Note that Benefits payable upon an Early Benefit Distribution Date or a
Subsequent Deferral Election will be paid in a cash lump sum only.  Please indicate the form of distribution for
Benefits payable to you upon a Termination Event (you may elect only one form
of distribution):

 

	
  o

  	
   

  	
  lump
  sum

  
	
   

  	
   

  	
   

  
	
  o

  	
   

  	
  annual
  installments over five (5) years

  
	
   

  	
   

  	
   

  
	
  o

  	
   

  	
  annual
  installments over ten (10) years

  

 

	
  NOTE:

  	
   

  	
  If
  you fail to elect a form of distribution above, your account balance will be
  paid in annual installments over five (5) years (other than mandated
  cash distributions in lump sum for Benefits payable upon an Early Benefit
  Distribution Date or a Subsequent Deferral Election).

  
	
   

  	
   

  	
   

  

Section 409A of the
Code

 

It is intended that this
Deferred Compensation Agreement shall comply with the provisions of Section 409A
of the Code so as not to subject you to the payment of additional taxes and
interest under Section 409A of the Code. 
In furtherance of this intent, this Deferred Compensation Agreement
shall be interpreted, operated, and administered in a manner consistent with
these intentions.

 

FOR THIS DEFERRED COMPENSATION AGREEMENT TO BE EFFECTIVE, A
COPY SIGNED BY YOU MUST BE ACTUALLY RECEIVED BY ZENITH NO LATER THAN DECEMBER
31, [     ].

 

	
   

  	
   

  	
   

  
	
   

  	
  Signature
  of Participant

  

 

 

TO
ENSURE COMPLIANCE WITH TREASURY DEPARTMENT REGULATIONS, WE ADVISE YOU THAT,
UNLESS OTHERWISE EXPRESSLY INDICATED, ANY FEDERAL TAX ADVICE CONTAINED HEREIN
WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING
TAX-RELATED PENALTIES UNDER THE INTERNAL REVENUE CODE OR (II) PROMOTING,
MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY TAX-RELATED MATTERS ADDRESSED
HEREIN.

 

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  Exhibit 10.3.20    
    

[WESTAFF
LOGO] 

August 28,
2008 

Sean
Wong

spwongcpa@hotmail.com 

Dear
Sean: 

        This
letter is to confirm our verbal offer of employment to you as VP, Controller in Westaff's Corporate office in Walnut Creek California, reporting to me Christa Leonard, SVP and CFO.
Your official start date will be Monday, September 22, 2008, with a starting salary of $175,000 per year with a sign on bonus of $17,500 on your start date and $17,500 in 90 days. You
are also eligible for participation in the Company's annual bonus plan program commensurate to your position level and no less then 25% of your base salary. You will be eligible for three weeks of
vacation per year based upon the standard vacation accrual of the company's vacation policy. 

        In
addition to the above, upon successful completion of the following you will be eligible for a $17,500 dollar bonus: 

	•
	Consultant-free in the accounting department by an agreed upon date;   

	•
	Year end audit completed timely;   

	•
	Timely and accurate completion of the 10K; 

        Pending
Board approval, you will also be eligible to participate in the Company Stock Incentive Plan. It is anticipated that you will be awarded 75,000 Stock Options. 

        Should
you be terminated from the company within your first 12 months of employment due to the company relocating its headquarters further than a 35 mile radius of 298 N. Wiget
Lane, Walnut Creek, CA or following a company change your job is eliminated, you will receive 6 months of base pay as severance pay. 

        This
offer is contingent upon a satisfactory pre-employment evaluation which includes reference verification and a background investigation. 

        Westaff
engages in fair competition. We have no interest in any confidential information or trade secrets that belong to your former employers. We ask that you not share such information
and secrets with us. 

        Sean,
we look forward to your formal acceptance of this offer by signing and returning a copy of this letter to me. We believe that you will enjoy your association with Westaff and that
you will be a significant contributor to our team. Meanwhile, if you have any questions, please contact Debra Banks, Human Resource Representative at (925) 952-2540. 

Sincerely, 

/s/
Christa C. Leonard

Christa C. Leonard

SVP & Chief Financial Officer 

					
	 
	 	ACCEPTED	 	Sean Wong

  Sean Wong
	 
	 	 DATE
	 	 9/4/08

 

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  Exhibit 10.3.20.1    
    

        [LOGO] 

 
 

  Employment Contract    
    

        This contract is entered into by and between Sean Wong (hereafter "you") and Westaff (USA), Inc. /Westaff Support, Inc.
("Westaff"). 

        Westaff
hereby agrees to hire you or continue your employment and you agree to accept employment or continue your employment with Westaff upon the following terms and conditions: 

        1.    Duration.    Your employment shall start or continue as of
September 22,2008 and shall continue thereafter until terminated by either party. 

        2.    Terminable-At-Will.    You are a
"terminable-at-will" employee. You may resign at any time with or without a reason. Likewise, Westaff may dismiss you at any time with or without cause. You acknowledge that
there are no other express or implied agreements between you and Westaff for any specific period of employment, or for continuing or long-term employment. 

        3.    Pay.    You will be paid a beginning salary of $175,000 per
year. Your pay may be revised without impairing the effectiveness of any other provisions of this Contract. Your pay will be paid in equal installments every two weeks. Each pay period is distinct and
severable, and your employment for part
of a pay period or part of a year will not entitle you to pay for more than the time you actually worked. In the event your employment terminates during a pay period, your pay will be prorated to the
date of termination, and will include earned vacation pay, if any. 

        4.    Confidentiality.    Westaff is a provider of temporary staffing
and employment services. You acknowledge that by virtue of your employment, you will become familiar with or have access to Westaff's valuable proprietary information, confidential data and trade
secrets which include but are not limited to, customers' and employees' names, addresses and telephone numbers, bill and pay rates, employees' pay and skills, other statistical information, sales
techniques, methods of operation, advertising materials, formulas and operating manuals. As the misappropriation of such information, data or secrets would result in great damage or loss to Westaff,
you agree not to use any of it for your own benefit and not to disclose it to, or allow the use of it by any person, firm or corporation, whether during your Westaff employment or thereafter. 

        5.    Non-Diversion.    You agree that you will not,
directly or indirectly, either for yourself or for any other person, firm or corporation, solicit or attempt to divert any Westaff customer or recruit any Westaff employee during your Westaff
employment and for a period of one year thereafter. For purposes of this paragraph, a Westaff customer is defined as any person, firm or corporation that Westaff has serviced within one year preceding
the termination of your employment and with whom you have had contact on behalf of Westaff, and a Westaff employee is defined as any person who has received salary or wages from Westaff within one
year preceding the termination of your employment. 

        6.    Non-Competition.    You agree to devote your best
efforts to the performance of your Westaff duties and to perform no acts detrimental to Westaff's best interests. You will not engage in any other business nor work for any other person or entity
during your Westaff workday. While employed by Westaff, you will not engage in any competitive temporary staffing or employment services business. Unless prohibited by the law in your jurisdiction,
you further agree that you will not engage in a competitive temporary staffing or employment services business, in a same or similar capacity in which you were employed by Westaff, for yourself or for
any other person, firm or corporation, within a radius of twenty-five miles from the Westaff office(s) where you were working for a period of one year after the termination of your Westaff
employment. 

        7.    Authority.    You shall have no authority to enter into any
contract or agreement or otherwise bind Westaff without the prior consent of an officer of Westaff. 

        8.    Property.    Upon termination of your employment, you agree to
immediately deliver to Westaff all equipment, supplies, keys, manuals, monies, overpayments, lists, records, resumes, diskettes or other
material related to the business of Westaff and all Westaff property of whatever nature in your possession or control or which you may have entrusted to any other party. 

        9.    Violation.    You acknowledge that the obligations and
restrictions set forth in this Contract are reasonably necessary for the protection of Westaff's business, goodwill, property, and customer and employee relationships. You recognize that irreparable
damage will result to Westaff in the event of any violation of this Contract and hereby agree to the issuance of a restraining order and/or an injunction against you for such a violation, in addition
to any other legal or equitable remedies Westaff may have. 

        10.    Assignment.    Westaff's rights and/or duties under this
Contract may be assigned or delegated to any successor of Westaff. However none of your rights and/or duties under this contract may be assigned by you to any other party. 

        11.    Modification.    The terms of this Contract may be amended,
modified or replaced only by a subsequent written agreement signed by you and an authorized representative of Westaff. 

        12.    Severability.    Every provision of this Contract is distinct
and severable. If any such provision is held to be illegal, unenforceable or void, it shall not affect the legality, enforceability or validity of any of the other provisions. 

        13.    Acknowledgment.    You hereby acknowledge that you have read
and understood this Contract. By signing below, you acknowledge receipt of a copy of this Contract and agree to abide by its terms and conditions. 

								
	
 Employee:	
 	
/s/ Sean Wong

  Sean Wong	
 	
 	
 Date:	
 	
9/22/08

 
	
Westaff (USA), Inc.	
 	
 	

 	
 	

 
	
By:	
 	
/s/ Debra L. Banks

  (Signature of Westaff representative)	
 	
 	
 Location:	
 	
Walnut Creek, Ca

  (City, State and Westaff office number)
	
 Printed Name:	
 	
Debra L. Banks

 	
 	
 	

 	
 	

 
	
 Title:	
 	
HR Rep

 	
 	
 	

 	
 	

 

Providing
Essential Staffing Services 

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Exhibit 10.3.20.1

Employment Contract

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