Document:

Exhibit 10.82

CONSULTING AGREEMENT

THIS
CONSULTING AGREEMENT, made as of the 25th day of May 2006, between FEDEX GROUND PACKAGE SYSTEM, INC. (“FedEx”) and Daniel J.
Sullivan (“Consultant”).

RECITALS

1.                                       FedEx
desires to engage Consultant to perform the services described in this
Agreement.

2.                                       Consultant
is willing and able to perform the services for FedEx in accordance with the
terms of this Agreement.

FOR AND IN CONSIDERATION of the
mutual covenants contained in this Agreement, FedEx and Consultant (the “Parties”)
agree as follows:

SECTION 1.  SCOPE OF WORK.  In consideration of FedEx’s payments under
this Agreement, Consultant shall perform in accordance with the terms of this
Agreement the services described in Exhibit “A” (the “Work”).

SECTION 2.  TERM.  The term of this Agreement (the “Term”)
shall commence on January 5, 2007 and shall expire, unless earlier
terminated, on December 31, 2008 (the “Completion Date”). This Agreement
may be terminated by either party giving thirty (30) days prior written notice
to the other party of the intent to terminate this Agreement. Notwithstanding
the foregoing, this Agreement shall terminate upon the death or permanent
disability of Consultant

SECTION 3.  CONSULTANT’S CONSIDERATION.  In consideration of Consultant’s performance
of the Work in accordance with this Agreement, FedEx shall pay Consultant the
Consideration (the “Consideration”) determined in accordance with Exhibit “B”,
and payable as provided in Exhibit “B”. However, no portion of the
Consideration shall be payable unless properly documented in accordance with Section 6
hereof.

SECTION 4.  TAXES.  Unless otherwise provided in Exhibit “B”,
the Consideration includes the amount of any present or future sales, use,
excise or other similar transaction taxes applicable to the performance of the
Work or any transfers under this Agreement (together “Taxes”), and FedEx shall
have no responsibility for the payment of any such Taxes.

SECTION 5.  REIMBURSABLES.  In addition to the Consideration, FedEx
shall reimburse Consultant for reasonable and necessary out of pocket expenses
incurred by Consultant in the performance of the Work which shall be paid based
on the policy applicable to FedEx Corporation Executive Management (“Reimbursables”).
Reimbursables for travel expenses will be paid only in accordance with FedEx
Corporation’s policy for the payment of travel expenses to its own Executive
Management, a copy of which will be provided to Consultant upon request.

 

SECTION 6.  INVOICES AND PAYMENT.  (a)  Consultant shall submit to
FedEx an invoice for Reimbursables incurred during the invoice period. Consultant’s
invoices must be accompanied by copies of documentation of any Reimbursables
claimed and any other documentation as may be requested by FedEx for its proper
review of Consultant’s invoice.

(b)  FedEx shall promptly review Consultant’s
invoice and approve for payment such amounts as FedEx reasonably determines to
be properly due under the Agreement. Payment by FedEx shall be made within
thirty (30) days of FedEx’s receipt and approval of Consultant’s invoice. FedEx
shall state in writing its reason for withholding any or all of the moneys
requested by Consultant.

SECTION 7.  RECORDS.  Consultant shall keep full and accurate
records and documentation to substantiate the amounts claimed in any invoice,
which records shall be made available to FedEx at all times.

SECTION 8.  RIGHT TO WITHHOLD PAYMENTS.
 In addition to its rights to
withhold payments under Sections 5 and 6 herein, FedEx may withhold any payment
in whole or in part to protect itself from (i) defective or unsatisfactory
performance of the Work by Consultant, (ii) third-party claims filed or
reasonable evidence indicating probable filing of third-party claims arising
from Consultant’s performance of the Work, or (iii) evidence of fraud,
overbilling or over-payment discovered upon audit. Additionally, FedEx shall
have the right to recover any amounts previously paid in error or to withhold
or set-off moneys from future payments as FedEx deems reasonably necessary to
recover any amounts previously paid in error or to protect itself against
charges associated with services not performed in accordance with this
Agreement.

SECTION 9.  INDEPENDENT CONTRACTOR RELATIONSHIP.
The Parties intend that an independent contractor relationship will be
created by this Agreement. FedEx is interested only in the results of
Consultant’s work and shall not exercise any control over the conduct or
supervision of the Work or the means of its performance. Consultant shall have
full responsibility for the payment of all federal, state, and local taxes and
contributions, including penalties and interest, imposed pursuant to
unemployment insurance, social security, income tax, workers’ compensation or
any other similar statute, and Consultant shall be solely responsible for any
liability to third-parties resulting from the negligent or intentional acts or
omissions of Consultant, its agents, employees or subcontractors arising from
or occurring in the course of the Work.

SECTION 10.
 DISCLOSURE OF INFORMATION.
(a) Consultant acknowledges that certain of FedEx’s valuable,
confidential and proprietary information may come into Consultant’s possession.
Accordingly, Consultant agrees that all such information furnished to
Consultant by FedEx shall remain the exclusive property of FedEx, and agrees to
hold all information it obtains from or about FedEx in strictest confidence,
not to use such information other than for the performance of the Work. Consultant
shall not communicate FedEx’s information in any form to any third party
without FedEx’s prior written consent. In addition, Consultant agrees that it
will conform to the provisions of applicable securities laws in

 2
 

 

connection with its use
any confidential information. In the event of any violation of this provision,
FedEx shall be entitled to preliminary and permanent injunctive relief as well
as an equitable accounting of all profits or benefits arising out of such
violation, which remedy shall be in addition to any other rights or remedies to
which FedEx may be entitled.

(b)  Within
ten (10) days of the expiration or earlier termination of this Agreement,
if requested, Consultant shall return all originals and copies of any
confidential information originally disclosed by FedEx to Consultant which has
been fixed in any tangible means of expression.

SECTION 11.   INDEMNIFICATION.
 FedEx agrees to indemnify, defend
and hold harmless Consultant from any and all liabilities, damages, losses,
expenses, demands, claims, suits, or judgments, including reasonable attorney’s
fees and expenses, in any way related to the Work, in a manner consistent with
FedEx’s indemnification practices with respect to its Executive Management.

SECTION 12.   STANDARD OF PERFORMANCE.
 The Work shall be performed in a good,
workmanlike manner in accordance with the standards of Consultant’s profession
and such other accepted standards as may be applicable to Work of this kind.

SECTION 13.   CHANGES IN WORK.
 (a) FedEx may order extra work
or make changes by altering, adding to or deducting from the Work by signing a
change order in the form of Exhibit “C” (“Change Order”). Work pursuant to
a valid Change Order shall be performed subject to the conditions of this
Agreement.

(b)  FedEx
also by written instruction to Consultant may make changes in the Work not
involving extra cost and not inconsistent with the purposes of the Work without
execution of a Change Order, but otherwise, no extra Work shall be done or
changes made unless pursuant to a Change Order, and no claim for an addition to
the Consideration, an increase in the Maximum Reimbursable Amount or an
extension of the Completion Date shall be valid unless so ordered in a signed
Change Order.

(c)  Upon receipt of a written request from FedEx
for changes in the Work or for extra work which would affect the Consideration,
the Maximum Reimbursable Amount or the Completion Date, Consultant shall submit
a statement detailing Consultant’s proposal for accomplishing the changes
proposed by FedEx and the effect, if any, on the Consideration, the Maximum
Reimbursable Amount and the Completion Date. If FedEx accepts Consultant’s
proposal, a Change Order shall be executed by the parties to effect the Work,
the Consideration, Maximum Reimbursable Amount and Completion Date, as agreed.

SECTION 14.   COMPLIANCE WITH LAWS.
 Consultant agrees that it will
comply with all applicable federal, state, and local laws, regulations, and
codes in the performance of this Agreement.

SECTION 15.   MISCELLANEOUS.
 (a) Assignment. Neither
the rights nor the duties of either Party under this Agreement may be
voluntarily assigned or delegated without the prior

 3
 

 

written consent of
the other party, except that FedEx may assign all or any part of its rights and
delegate its duties under this Agreement to a wholly-owned subsidiary.

(b)  Section Headings.  All section headings and captions used in
this Agreement are purely for convenience and shall not affect the
interpretation of this Agreement.

(c)  Exhibits.  All exhibits described in this Agreement
shall be deemed to be incorporated in and made a part of this Agreement, except
that if there is any inconsistency between this Agreement and the provisions of
any exhibit the provisions of this Agreement shall control. Terms used in an
exhibit and also used in this Agreement shall have the same meaning in the
exhibit as in this Agreement.

(d)  Applicable Law.
 This Agreement shall be governed by
and interpreted in accordance with the laws of Tennessee without regard to or
application of any conflict of law principles.

(e)  Modification.  Except as otherwise provided, this
Agreement shall not be modified except by written agreement signed on behalf of
FedEx and the Consultant.

(f)  Exclusive Agreement.
 This Agreement supersedes all prior
understandings, representations, negotiations and correspondence between the
parties, constitutes the entire agreement between them with respect to the
matters described, and shall not be modified or affected by any course of
dealing, course of performance or usage of trade.

(g)  Severability.  If any provision of this Agreement is held
to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall in no way be affected or
impaired.

(h)  Waiver.  The failure of either party at any time to
require performance by the other of any provision of this Agreement shall in no
way affect that party’s right to enforce such provision, nor shall the waiver
by either party of any breach of any provision of this Agreement be taken or
held to be a waiver of any further breach of the same provision or any other
provision.

(i)  Survival.  The provisions of this Agreement which by
their nature extend beyond the expiration or earlier termination of the
Agreement will survive and remain in effect until all obligations are satisfied.
Specifically, the parties respective indemnification obligations shall survive
this Agreement.

(j)  Disclosure.  Consultant shall in each instance obtain
the prior written approval of FedEx concerning exact text and timing of news
releases, articles, brochures, advertisements, prepared speeches and other
information releases concerning this Agreement.

(k)  Further Assurances.
 Each party agrees that it will take
such actions, provide such documents, do such things and provide such further
assurances as may reasonably be requested by the other party during the term of
this Agreement.

 4
 

 

(l)  Counterparts.  This Agreement may be executed in any
number of counterparts and each fully executed counterpart shall be deemed an
original.

(m)  Notices.  All notices, approvals, requests, consents
and other communications given pursuant to this Agreement shall be in writing
and shall be effective when received if hand-delivered, sent by facsimile, sent
by Federal Express service or sent by United States certified or registered
mail, addressed as follows:

	
  If to Consultant:

  	
  Mr. Daniel J. Sullivan

  
	
   

  	
  130 Woodland
  Road

  
	
   

  	
  Sewickley, PA
  15143

  
	
   

  	
  Fax: 412-749-3892

  
	
   

  	
   

  
	
  If to FedEx:

  	
  FedEx Corporation.

  
	
   

  	
  Attn: Executive
  VP and General Counsel

  
	
   

  	
  942 S. Shady
  Grove Road

  
	
   

  	
  Memphis,
  Tennessee 38120

  
	
   

  	
  Fax: 901-818-7590

  

 

SECTION 16.
 VALIDITY OF AGREEMENT.  This Agreement shall not be valid nor
binding upon FedEx unless it shall have been executed by an officer of FedEx.

IN
WITNESS WHEREOF, the Parties have signed this Agreement on
the date first above written.

	
  

  	
  FEDEX GROUND PACKAGE SYSTEM, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ DANIEL J.
  SULLIVAN

  	
   

  	
  By:

  	
  /s/ ROBERT T. MOLINET

  	
   

  
	
   

  	
  Title: Secretary

  
	
  (“Consultant”)

  	
  (“FedEx”)

  
						

 

 5

 

Exhibit “A”

to that certain

Consulting Agreement

between

FedEx Ground Package System, Inc.

(“FedEx”)

and

(“Consultant”)

SCOPE OF WORK

In accordance with
the Consulting Agreement dated as of May 25, 2006 between FedEx and
Consultant, Consultant shall, as requested and directed by FedEx:

Consultant will provide consulting services with
respect to the disputes over the status of the FedEx Ground independent
contractors, including providing deposition and trial testimony as necessary.  He will also provide advice on such other
matters as are identified by the Chairman, President and CEO of FedEx
Corporation or the General Counsel of FedEx Corporation. Consultant’s services
will be limited to no more than 40 hours a month.

 

Exhibit “B”

to that certain

Consulting Agreement

between

FedEx Ground Package System, Inc.

(“FedEx”)

and

(“Consultant”)

 

FEE, MAXIMUM REIMBURSABLE AMOUNT AND PAYMENT PROCEDURE

A.              CONSIDERATION.
In consideration for the services rendered under this Agreement, Consultant will
be paid $254,254.00 on July 6, 2007 and, thereafter, on the first day of
each succeeding month during the Term, the amount of $36,322.00.

B.                With
respect to travel and other miscellaneous items, during the Term:

1.  FedEx shall make available to Consultant
reasonable administrative assistance relating to the performance of the Work.

2.  FedEx shall make office space and equipment
available for use by the Consultant in connection with the performance of the
Work.

3.  FedEx shall
make appropriate corporate aircraft available to Consultant for his use in
connection with the Work. Such use shall be on terms consistent with use by
FedEx Corporation’s Executive Management.

C.                Invoices
for reimbursement of expenses shall be submitted by the Consultant to the following
address:

FedEx Corporation

Attn:  Executive Vice President and
General Counsel

942 South Shady Grove Road

Memphis, Tennessee  38120

 

Exhibit “C”

to that certain

Consulting Agreement

between

FedEx Ground Package System, Inc.

(“FedEx”)

and

(“Consultant”)

CHANGE ORDER FORM

Consulting Agreement No. 05-  Change Order Date:           

To Consultant:

Address:

City/State:

As provided in your Consulting Agreement with FedEx Ground
Package System, Inc. dated as of               ,
the following changes in the Work are made:

This Change Order when signed by the parties will have
the following effect:

a.        Consideration:                                         

(increase/decrease/NA)

b.        Maximum Reimbursable
Amount:                 

(increase/decrease/NA)

c.        Completion
Date:                             

This Change Order in no other way alters the terms and
conditions of the Consulting Agreement which are ratified and confirmed other
than as amended by this Change Order.

	
  

  	
  FEDEX GROUND PACKAGE SYSTEM, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
   

  	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
  (“Consultant”)

  	
   

  	
   

  	
  (“FedEx”)Exhibit  10.83

CONFIDENTIALITY,
NON-SOLICITATION AND

NON-COMPETITION AGREEMENT

THIS AGREEMENT is entered into as of this 27th day of January 1998
by and among Daniel J. Sullivan (“Executive”), Caliber System, Inc. (“Caliber”),
Federal Express Corporation (“Federal Express”) RPS, Inc. (“RPS”) and FDX
Corporation (“FDX”).

WHEREAS, Caliber has entered into that certain
Agreement and Plan of Merger, dated October 5, 1997, among Caliber, FDX,
Federal Express, Fast Merger Sub Inc. and Tires Merger Sub Inc. (collectively,
the “Merger Parties”) (the “Merger Agreement”);

WHEREAS, in connection with Executive’s employment
with Caliber and his involvement in the transactions contemplated by the Merger
Agreement Executive has acquired extensive knowledge and expertise regarding
the operation of the businesses of Caliber, RPS, Federal Express, FDX and their
respective subsidiaries engaged in the Business Segment (as defined below) (the
“Business”) and it is expected that Executive will continue to acquire
additional knowledge and expertise with respect to the Business in connection
with his employment with RPS after the mergers;

WHEREAS, the parties agree that Caliber, RPS, Federal
Express and FDX have a valid business interest in protecting their proprietary
interest in the knowledge and experience acquired by Executive and,
accordingly, the parties have provided for this Agreement under that certain
letter agreement between Executive and Federal Express dated October 5, 1997 (the “Letter Agreement”) and the covenants set forth
in item number 6 of Section 7.15 of the Disclosure Schedules of the Merger
Agreement (the “Non-Competition Covenants”);

NOW THEREFORE, the parties agree as follows:

1.  Effectiveness.  This
Agreement is contingent upon, and not effective until, the Merger Date (as
defined in the Merger Agreement).

2.  RPS Covenant.

(a)  Termination by RPS or by Executive After First Anniversary of Merger
Date.  If (i) RPS
terminates Executive’s employment with RPS at any time following the Merger
Date (as defined in the Merger Agreement) for any reason including disability
or whether or not cause for termination is alleged or (ii) Executive
terminates his employment with RPS at any time after the first anniversary of
the Merger Date for any reason, FDX agrees to pay to Executive a lump sum
payment of $4,894,376 payable within five (5) days of the termination of
Executive’s employment. Such payment will be in addition to and not offset or
otherwise reduce any other payment or benefit to which Executive may be
entitled under any other plan, program or arrangement.

 

 

(b)  Death of Executive.  In
the event of the death of Executive while in the employment of RPS following
the Merger Date, Executive’s estate shall be entitled to receive a lump sum
payment of(i) $4,494,376, in the event of Executive’s death on or prior to
the first anniversary of the Merger Date or (ii) $4,894,376 in the event
of Executive’s death following the first anniversary of the Merger Date.

(c)  Termination by Executive On or Prior to First Anniversary of Merger
Date.  If Executive terminates
his employment with RPS for any reason at any time on or prior to the first
anniversary of the Merger Date, FDX agrees to pay to Executive a lump sum
payment of $4,494,376 payable within ten (10) days of the termination of
Executive’s employment.

3.  Executive Covenants.

(a)  Trade Secrets.  Executive
acknowledges and agrees that: (i) the Business is intensely competitive
and that Executive’s employment with RPS requires that Executive have access to
and knowledge of confidential information relating to FDX, Caliber, RPS and
Federal Express and their respective subsidiaries, including, without
limitation, information relating to business plans, marketing plans, financing
methods and plans, expansion, acquisition or disposition plans, integration
plans, strategies, promotions, proposals, products, services, developments,
designs, improvements, methods, policies, practices, software systems, customer
lists, supplier lists, personnel information and other forms of information
reasonably considered by FDX, Caliber, RPS and Federal Express and their
respective subsidiaries to be confidential (“Confidential Information”); (ii) the
direct and indirect disclosure of any such Confidential Information to existing
or potential competitors of FDX, Caliber, RPS and Federal Express and their
respective subsidiaries would place FDX, Caliber, RPS and Federal Express and
their respective subsidiaries at a competitive disadvantage and would do
damage, monetary or otherwise, to the Business; and (iii) the engaging by
Executive in any of the activities prohibited by the covenants contained in
paragraph (b) below may constitute improper appropriation and/or use of
Confidential Information. Executive expressly acknowledges the trade secret
status of the Confidential Information and agrees that the Confidential
Information constitutes a protectable business interest of FDX, Caliber, RPS
and Federal Express and their respective subsidiaries.

(b)  Confidentiality.  During
the term of his employment with RPS and at all times thereafter, Executive
shall not, directly or indirectly, whether individually, as a director,
stockholder, owner, partner, principal, investor, employee, consultant or agent
of any business, or in any other capacity, make known, disclose, furnish, make
available or utilize any of the Confidential Information, other than in the
proper performance of Executive’s duties as and while an employee of RPS or as
required by a court of competent jurisdiction or other administrative or
legislative body; provided that, prior to
disclosing any of the Confidential Information to a court or other
administrative or legislative body, Executive shall promptly notify FDX so that
FDX, Caliber, RPS or Federal Express or their respective subsidiaries, as
appropriate, may seek a protective order or other appropriate remedy. At any
time upon the request of FDX and automatically upon the termination of his
employment with RPS for any

 2
 

 

 

reason, Executive agrees
to return to FDX all items containing Confidential Information and all other
property of FDX, Caliber, RPS or Federal Express or their respective
subsidiaries, including all keys, notes, memoranda, writings, lists, files,
reports, proposals, correspondence, photocopies, extracts and summaries
thereof, and any such information stored electronically on tapes, computer
disks or in any other manner.

(c)  Non-competition.  Subject
to payment to Executive of the amount specified in Section 2, during the
term of his employment with RPS and for a period of thirty-six (36) months
thereafter, Executive shall not engage in Competition (as defined below) with
FDX, Caliber, RPS or Federal Express or their respective subsidiaries engaged
in the Business Segment. For purposes of this Agreement, “Competition” by
Executive shall mean Executive’s engaging in, or otherwise directly or
indirectly being employed by or acting as a lender to, or being a director,
officer, employee, consultant, principal, licensor, trustee, broker, agent,
stockholder, member, owner, investor, joint venturer or partner of, or
permitting his name to be used in connection with the activities of any other
business or organization which competes, directly or indirectly, with the
business of FDX, Caliber, RPS or Federal Express, with that business
specifically defined as the delivery of documents or packages in the express or
non-express market sectors as served by Federal Express or RPS (which shall not
be interpreted to include the businesses participating in the truckload or
less-than-truckload sectors) (the “Business Segment”); provided
that, it shall not be a violation of this paragraph (c) for
Executive to become the registered or beneficial owner of less than five
percent (5%) of any class of the capital stock of a
competing corporation registered under the Securities Exchange Act of 1934, as
amended, provided that Executive does not actively participate in the business
of such corporation until such time as this covenant expires.

(d)  Non-Solicitation.  Subject
to payment to Executive of the amount specified in Section 2 and without
limiting the generality of the foregoing, during the term of his employment
with RPS and for a period thirty-six (36) months thereafter, Executive shall
not, directly or indirectly, for his benefit or for the benefit of any other
person, firm or entity, do any of the following:

(i)  solicit
from any customer doing business with FDX, Caliber, RPS or Federal Express or
their respective subsidiaries engaged in the Business Segment, business of the
same or of a similar nature to the Business conducted with such customer;

(ii)  solicit
the employment or services of, or hire, any person who is at the time or was
within the prior one year period engaged as an employee or consultant of FDX,
Caliber, RPS or Federal Express or their respective subsidiaries; or

(iii)  otherwise
materially interfere with the Business or accounts of FDX, Caliber, RPS or
Federal Express or their respective subsidiaries engaged in the Business
Segment or make any statements or comments of a defamatory or disparaging
nature to third parties regarding FDX, Caliber, RPS or Federal Express or their
respective subsidiaries engaged in the Business Segment or their respective
officers, directors, personnel, methods, practices, products or services.

 3
 

 

 

(e)  Enforcement. Executive acknowledges that the covenants made
by Executive hereunder are of a special and unique character giving this
Agreement a particular value to FDX, Caliber, RPS and Federal Express and their
respective subsidiaries engaged in the Business Segment, the breach of which
may not be reasonably or adequately compensated for by damages in an action at
law, and that a breach or threatened breach by him of any of these covenants
will cause FDX, Caliber, RPS and Federal Express and their respective
subsidiaries engaged in the Business Segment irreparable injury. Executive
therefore agrees that FDX, Caliber, RPS and Federal Express and their
respective subsidiaries engaged in the Business Segment shall be entitled, in
addition to any other right or remedy, to a temporary, preliminary and
permanent injunction, without the necessity of proving the inadequacy of
monetary damages or the posting of any bond or security, enjoining or
restraining Executive from any such violation or threatened violation.

(f)  Construction and Reform.  Executive further acknowledges and
agrees that due to the uniqueness of his services and confidential nature of
the information he will possess, the covenants set forth herein are reasonable
and necessary for the protection of the business and goodwill of FDX, Caliber, RPS
and Federal Express and their respective subsidiaries engaged in the Business
Segment and such covenants should be enforced to the maximum extent permitted
by law. Notwithstanding the foregoing, it is the intent of the parties hereto
that if in the opinion of any court of competent jurisdiction any provision set
forth herein is not reasonable in any respect, such court shall have the right,
power and authority to modify, interpret and enforce such provision to give
effect to the intent of the parties to the maximum extent deemed reasonable by
such court. The invalidity or unenforceability of any provision hereof shall
not affect the validity and enforceability of any other provision hereof.

4.  Effect of Agreement.  The terms of this Agreement shall
be effective from the Merger Date until each of the parties hereto has fully
performed its obligations hereunder and shall supersede and render void in full
all prior agreements, written or oral, between Executive and FDX, Caliber, RPS
or Federal Express or their respective subsidiaries engaged in the Business
Segment concerning the subject matter addressed herein, including the Letter
Agreement and the Non-Competition Covenants; provided,
however, that if for any reason the Mergers do not occur, this
Agreement shall be null and void ab initio; and further provided, that with the exception of the Letter
Agreement and Non-Competition Covenants (which shall be superseded in full),
this Agreement shall not supersede the terms of any other agreement or
understanding providing for the payment or provision of compensation or
benefits.

5.  Waiver.  The provisions of this Agreement
may be waived by any of the parties hereto by a signed writing among the parties;
provided, however, the failure of any
party to this Agreement to enforce any of its terms, provisions or covenants
shall not be construed as a waiver of the same or of the right of such party to
enforce the same. Waiver by any party hereto of any breach or default by any
other party of any term or provision of this Agreement shall not operate as a
waiver of any other breach or default.

 4
 

 

 

6.  Notices.  Any notice
given hereunder shall be in writing and shall be deemed to have been given when
delivered by messenger or courier service (against appropriate receipt), or
mailed by registered or certified mail (return receipt requested), addressed as
follows:

	
  If to FDX, Caliber, RPS

  	
  Kenneth R. Masterson

  
	
  or Federal
  Express:

  	
  Executive Vice President,

  
	
   

  	
  General Counsel and Secretary

  
	
   

  	
  FDX Corporation

  
	
   

  	
  1980 Nonconnah Boulevard

  
	
   

  	
  Memphis, TN 38132

  
	
   

  	
   

  
	
  If to Executive:

  	
  Mr. Daniel J. Sullivan

  
	
   

  	
  657 Pine Point Drive

  
	
   

  	
  Akron, OH 44333

  

 

or at such other address as shall be indicated to
either party in writing. Notice of change of address shall be effective only
upon receipt.

7.  Governing Law.  This
Agreement shall be governed by and construed in accordance with the laws of the
State of Tennessee without regard to conflict of laws principles.

8.  Counterparts.  This
Agreement may be executed in counterparts, each of which shall be deemed an
original for all purposes but which, together, shall constitute one and the same
instrument.

 5
 

 

 

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

	
  EXECUTIVE

  	
  RPS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Daniel J. Sullivan

  	
   

  	
  By:

  	
  /s/ J.E. Lynch

  	
   

  
	
   

  	
   

  	
   

  	
  Name:  J.E.
  Lynch

  
	
   

  	
   

  	
  Title:  Assistant
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CALIBER SYSTEM, INC, as a co-

  
	
   

  	
  beneficiary of the covenants of Executive set

  forth in Section 2

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ J.E. Lynch

  	
   

  
	
   

  	
   

  	
  Name:  J.E.
  Lynch

  
	
   

  	
   

  	
  Title:  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FDX CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth R. Masterson

  	
   

  
	
   

  	
   

  	
  Name:  Kenneth
  R. Masterson

  
	
   

  	
   

  	
  Title:  Executive
  Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FEDERAL EXPRESS CORPORATION, as

  a co-beneficiary of the covenants of

  Executive set forth in Section 2

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ George W. Hearn

  	
   

  
	
   

  	
   

  	
  Name:  George
  W. Hearn

  
	
   

  	
   

  	
  Title:  Secretary

  
							

 

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]