Document:

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EXHIBIT 10.8(l)

Mr. Danial Tierney
15711 NE 180th
Brush Prairie, WA  98606

                  RE:      EMPLOYMENT AGREEMENT

Dear Danial:

This Employment Agreement (this "Agreement") sets forth our agreement concerning
certain terms of your employment by TRM Corporation (the "Company") as of
January 1, 2000.

1.       EMPLOYMENT AGREEMENT

         1.1  EMPLOYMENT

         (a)  You will hold the position of Senior Vice President-Sales and
              Marketing of the Company and perform those duties as are generally
              associated with such a position. You will report to the President
              and Chief Executive Officer and the Board of Directors of the
              Company. You also agree to perform such acts and duties as the
              President and Chief Executive Officer and the Board of Directors
              of the Company may reasonably direct, to comply with all
              applicable policies and procedures of the Company, and to devote
              such time, energy and skill to your assignment as the President
              and Chief Executive Officer and the Board of Directors of the
              Company considers reasonably necessary for the performance of your
              duties. You and the Company understand and agree that
              circumstances may arise in which you and the Company may mutually
              agree to change, in whole or in part, the scope of your
              responsibilities and the title of your position.

         (b)  Your employment with the Company will continue under this
              Agreement until terminated by you or the Company as provided in
              paragraph 2.1, below. Notwithstanding the designation of a term
              for this Agreement, your employment with the Company will be on an
              "at will" basis with both you and the Company retaining the right
              to terminate the employment relationship at any time and for any
              reason, without liability on the part of the Company or any
              affiliated or related corporation for the termination, except as
              expressly provided in this Agreement. Your last day of employment
              with the Company is referred to herein as your Separation Date.

         1.2  SALARY. During the first term of this Agreement, you will be paid
              the annualized equivalent of $165,000 as base salary, payable in
              installments on regular Company paydays. The first term shall end
              on December 31, 2000. Thereafter, your base salary shall be set
              annually by the President and Chief Executive Officer or the Board
              of Directors of the Company.

         1.3  BENEFITS. You will be given an opportunity to earn a bonus in
              calendar year 2000 upon the achievement of performance criteria to
              be established by the President and Chief Executive Officer or the
              Board of Directors of the Company. Thereafter, you will be
              eligible to receive incentive compensation as the President and
              Chief Executive Officer or the Board of Directors of the Company
              shall approve. You will also be eligible to participate in any
              benefit plans or programs generally available to the Company's
              management as the Board of Directors shall from time-to-time
              approve, which shall include at least four weeks of paid time off
              (PTO) time a year.

2.   TERMINATION OF AGREEMENT

         2.1  TERMINATION. The term of this Agreement shall continue until
              terminated earlier as follows:

         (a)  This Agreement may be terminated by you for any reason upon 30
              days' written notice to the Company.

         (b)  This Agreement may be terminated by the Company for any reason at
              any time with 30 days' written notice to you, subject only to the
              obligation of the Company, if you are terminated for reasons other
              than those specified in paragraph 2.2, to pay severance pay
              according to the following formula:

              (i) Six months' pay plus an additional one month's pay for each
              year of employment of you by the Company (based on your hire date
              of January 1, 1995), up to a maximum of 12 months pay (the "Salary
              Continuation Period"), plus (ii) all incentive compensation earned
              but unpaid on or prior to the Separation Date, plus (iii) health
              insurance for the Salary Continuation Period at the same coverage
              level as in effect immediately prior to the Separation Date.

<PAGE>

              Severance pay may be paid to you at your option in a lump sum or
              in regular payroll period installments.

         (c)  This Agreement shall automatically terminate in the event of your
              death or disability. For purposes of this Agreement, "disability"
              shall mean inability to perform all or substantially all of your
              responsibilities for a period of more than six (6) months.

         (d)  Eligibility for severance pay is conditioned upon your execution
              of a Release of Claims in a form provided by the Company at the
              time of termination. (sample attached)

         2.2  INELIGIBILITY FOR SEVERANCE PAY. With respect to subparagraph
              2.1(b), you will not be eligible for severance pay under this
              Agreement if:

         (a)  you voluntarily resign or retire from your employment at any time
              and for any reason except because of an involuntary reduction in
              your base salary;

         (b)  the Company terminates your employment for cause (as defined in
              paragraph 2.3, below) or your employment terminates due to your
              death or disability;

         (c)  you breach the terms of paragraph 3; or

         (d)  you fail or refuse to sign the Release of Claims form provided by
              the Company at the time of termination.

         2.5  DEFINITION OF CAUSE. For purposes of this Agreement, "cause" for
              termination shall be defined as (i) any misappropriation of funds
              or property of the Company by you; (ii) the conviction of or plea
              of guilty or nolo contendere by you of a felony or of any crime
              involving moral turpitude; (iii) your engagement in illegal,
              immoral or similar conduct tending to place you or the Company, by
              association with you, in disrepute; (iv) indulgence in alcohol or
              drugs to an extent that renders you unable or unfit to perform his
              duties hereunder; or (v) your gross dereliction of duty.

3.       CONFIDENTIALITY

         3.4  PRESERVATION AND NON-USE OF CONFIDENTIAL INFORMATION. You
              acknowledge that you have a fiduciary duty as an officer and
              employee of the Company not to discuss Confidential Information
              obtained during your employment with the Company. For purposes of
              this Agreement, "Confidential Information" means any and all
              confidential or proprietary information concerning the Company or
              its affiliates, joint venturers or other related entities ("The
              Company Group"), the disclosure of which could disadvantage The
              Company Group. Confidential Information includes trades secrets as
              defined under the Uniform Trades Secrets Act.

              Except pursuant to your employment by the Company and as directed
              by the President and Chief Executive Officer and the Board of
              Directors of the Company, you agree not to use Confidential
              Information, during the term of this Agreement or after its
              termination for a period of five years, for any personal or
              business purpose, either for your own benefit or that of any other
              person, corporation, government or other entity.

              You also agree that, except pursuant to your employment by the
              Company as directed by the President and Chief Executive Officer
              and the Board of Directors of the Company, you will not disclose
              or disseminate any Confidential Information, directly or
              indirectly, at any time during the term of this Agreement or after
              its termination, to any person, agency, or court unless compelled
              to do so pursuant to legal process (E.G., a summons or subpoena)
              or otherwise required by law and then only after providing the
              Company with prior notice and a copy of the legal process.

         3.2  COVENANT NOT TO COMPETE. You also agree that while employed by the
              Company, and for a period of one year after the termination of
              employment, you shall not compete with the Company, either
              directly or indirectly, in the geographical areas where the
              Company does business, and you shall not perform services for or
              own an interest in any business that does so.

4.       RETURN OF PROPERTY

         On or before your Separation Date, except as agreed to by the Company,
         you will return all property belonging to The Company, including, but
         not limited to, all documents, business machines, computers, computer
         hardware and software programs, computer data, telephones (cellular,
         mobile or otherwise), pagers, keys, card keys, credit cards and other
         Company-owned property.

<PAGE>

5.       RIGHT TO CONSULT WITH ATTORNEY

         You have the right to consult with an attorney or financial advisor at
         your own expense regarding this Agreement.

6.       DISPUTE RESOLUTION

         You agree that any dispute (1) concerning the interpretation or
         construction of this Agreement, (2) arising from your employment with
         or termination of employment from the Company, (3) relating to any
         compensation or benefits you may claim, or (4) relating in any way to
         any claim by you for reinstatement or reemployment by the Company after
         execution of this Agreement shall be submitted to final and binding
         confidential arbitration. Except as specifically provided herein, the
         arbitration shall be governed by the rules of the American Arbitration
         Association or such other rules as agreed to by the parties. Each party
         shall be responsible for its or his own costs and attorneys' fees
         relating to mediation and arbitration. Both parties agree that the
         procedures outlined in this paragraph are the exclusive methods of
         dispute resolution.

7.       ENTIRE AGREEMENT

         This Agreement contains the entire agreement between you and the
         Company concerning the subject matters discussed herein and supersedes
         any other discussions, agreements, representations or warranties of any
         kind. Any modification of this Agreement shall be effective only if in
         writing and signed by each party or its duly authorized representative.
         This Agreement supersedes all prior employment agreements between you
         and the Company or any corporation affiliated with or related to the
         Company. The terms of this Agreement are contractual and not mere
         recitals. If for any reason any provision of this Agreement shall be
         held invalid in whole or in part, such invalidity shall not affect the
         remainder of this Agreement.

         This Agreement shall be construed in accordance with the laws of the
         state of Oregon (without regard to the conflicts of laws provisions
         thereof).

         In order to reflect your voluntary acceptance and agreement with these
terms, please sign and return the enclosed copy of this letter.

                                       Sincerely,

                                       TRM  CORPORATION

                                       By:      FREDERIC STOCKTON
                                                -----------------------------
                                                President and CEO

ACKNOWLEDGMENT AND AGREEMENT:

I have read this Agreement and voluntarily enter into this Agreement after
careful consideration and the opportunity to review it with financial or legal
counsel of my choice.

                                                DANIAL TIERNEY
                                                -----------------------------
                                                Danial Tierney<PAGE>

EXHIBIT 10.8(m)

Mr. Daniel Spalding
18803 River Dell Court
Lake Oswego, OR  97034

                  RE:      EMPLOYMENT AGREEMENT

Dear Dan:

This Employment Agreement (this "Agreement") sets forth our agreement concerning
certain terms of your employment by TRM Copy Centers Corporation (the "Company")
as of April 24, 2000.

1.       EMPLOYMENT AGREEMENT

         1.1  EMPLOYMENT

         (a)  You will hold the position of Chief Financial Officer, Vice
              President Finance of the Company and perform those duties as are
              generally associated with such a position. You will report to the
              President and Chief Executive Officer and the Board of Directors
              of the Company. You also agree to perform such acts and duties as
              the President and Chief Executive Officer and the Board of
              Directors of the Company may reasonably direct, to comply with all
              applicable policies and procedures of the Company, and to devote
              such time, energy and skill to your assignment as the President
              and Chief Executive Officer and the Board of Directors of the
              Company considers reasonably necessary for the performance of your
              duties. You and the Company understand and agree that
              circumstances may arise in which you and the Company may mutually
              agree to change, in whole or in part, the scope of your
              responsibilities and the title of your position.

         (b)  Your employment with the Company will continue under this
              Agreement until terminated by you or the Company as provided in
              paragraph 2.1, below. Notwithstanding the designation of a term
              for this Agreement, your employment with the Company will be on an
              "at will" basis with both you and the Company retaining the right
              to terminate the employment relationship at any time and for any
              reason, without liability on the part of the Company or any
              affiliated or related corporation for the termination, except as
              expressly provided in this Agreement. Your last day of employment
              with the Company is referred to herein as your Separation Date.

         1.2  SALARY. During the first term of this Agreement, you will be paid
              the annualized equivalent of $175,000 as base salary, payable in
              installments on regular Company paydays. The first term shall end
              on December 31, 2000. Thereafter, your base salary shall be set
              annually by the President and Chief Executive Officer or the Board
              of Directors of the Company.

         1.3  BENEFITS. In addition to your base compensation, you will be given
              an opportunity to earn a $60,000 target bonus, $30,000 of which is
              guaranteed, in fiscal year 2000 upon the achievement of additional
              performance criteria to be established by the President and Chief
              Executive Officer or the Board of Directors of the Company.
              Thereafter, you will be eligible to receive incentive compensation
              as the President and Chief Executive Officer or the Board of
              Directors of the Company shall approve. You will also be eligible
              to participate in any benefit plans or programs generally
              available to the Company's management as the Board of Directors
              shall from time-to-time approve, which shall include at least four
              weeks of paid time off (PTO) time a year.

2.       TERMINATION OF AGREEMENT

         2.1  TERMINATION. The term of this Agreement shall continue until
              terminated earlier as follows:

         (a)  This Agreement may be terminated by you for any reason upon 30
              days' written notice to the Company.

         (b)  This Agreement may be terminated by the Company for any reason at
              any time with 30 days' written notice to you, subject only to the
              obligation of the Company, if you are terminated for reasons other
              than those specified in paragraph 2.2, to pay severance pay
              according to the following formula:

              (i) Six months' pay plus an additional one month's pay for each
                  year of employment of you by the Company (based on your hire
                  date of April 24, 2000), up to a maximum of 12 months pay (the
                  "Salary Continuation Period"), plus (ii) all incentive
                  compensation earned but unpaid on or prior to the Separation
                  Date, plus (iii) health insurance for the Salary Continuation
                  Period at the same coverage level as in effect immediately
                  prior to the Separation Date.

<PAGE>

              Severance pay may be paid to you at your option in a lump sum or
              in regular payroll period installments.

         (c)  This Agreement shall automatically terminate in the event of your
              death or disability. For purposes of this Agreement, "disability"
              shall mean inability to perform all or substantially all of your
              responsibilities for a period of more than six (6) months.

         (d)  Eligibility for severance pay is conditioned upon your execution
              of a Release of Claims in a form provided by the Company at the
              time of termination. (sample attached)

         2.2  INELIGIBILITY FOR SEVERANCE PAY. With respect to subparagraph
              2.1(b), you will not be eligible for severance pay under this
              Agreement if:

         (a)  you voluntarily resign or retire from your employment at any time
              and for any reason except because of an involuntary reduction in
              your base salary;

         (b)  the Company terminates your employment for cause (as defined in
              paragraph 2.3, below) or your employment terminates due to your
              death or disability;

         (c)  you breach the terms of paragraph 3; or

         (d)  you fail or refuse to sign the Release of Claims form provided by
              the Company at the time of termination.

         2.6  DEFINITION OF CAUSE. For purposes of this Agreement, "cause" for
              termination shall be defined as (i) any misappropriation of funds
              or property of the Company by you; (ii) the conviction of or plea
              of guilty or nolo contendere by you of a felony or of any crime
              involving moral turpitude; (iii) your engagement in illegal,
              immoral or similar conduct tending to place you or the Company, by
              association with you, in disrepute; (iv) indulgence in alcohol or
              drugs to an extent that renders you unable or unfit to perform his
              duties hereunder; or (v) your gross dereliction of duty.

3.       CONFIDENTIALITY

         3.5  PRESERVATION AND NON-USE OF CONFIDENTIAL INFORMATION. You
              acknowledge that you have a fiduciary duty as an officer and
              employee of the Company not to discuss Confidential Information
              obtained during your employment with the Company. For purposes of
              this Agreement, "Confidential Information" means any and all
              confidential or proprietary information concerning the Company or
              its affiliates, joint venturers or other related entities ("The
              Company Group"), the disclosure of which could disadvantage The
              Company Group. Confidential Information includes trades secrets as
              defined under the Uniform Trades Secrets Act.

              Except pursuant to your employment by the Company and as directed
              by the President and Chief Executive Officer and the Board of
              Directors of the Company, you agree not to use Confidential
              Information, during the term of this Agreement or after its
              termination for a period of five years, for any personal or
              business purpose, either for your own benefit or that of any other
              person, corporation, government or other entity.

              You also agree that, except pursuant to your employment by the
              Company as directed by the President and Chief Executive Officer
              and the Board of Directors of the Company, you will not disclose
              or disseminate any Confidential Information, directly or
              indirectly, at any time during the term of this Agreement or after
              its termination, to any person, agency, or court unless compelled
              to do so pursuant to legal process (E.G., a summons or subpoena)
              or otherwise required by law and then only after providing the
              Company with prior notice and a copy of the legal process.

              3.2 COVENANT NOT TO COMPETE. You also agree that while employed by
              the Company, and for a period of one year after the termination of
              employment, you shall not compete with the Company, either
              directly or indirectly, in the geographical areas where the
              Company does business, and you shall not perform services for or
              own an interest in any business that does so.

4.       RETURN OF PROPERTY

         On or before your Separation Date, except as agreed to by the Company,
         you will return all property belonging to The Company, including, but
         not limited to, all documents, business machines, computers, computer
         hardware and software programs, computer data, telephones (cellular,
         mobile or otherwise), pagers, keys, card keys, credit cards and other
         Company-owned property.

<PAGE>

5.       RIGHT TO CONSULT WITH ATTORNEY

         You have the right to consult with an attorney or financial advisor at
         your own expense regarding this Agreement.

6.       DISPUTE RESOLUTION

         You agree that any dispute (1) concerning the interpretation or
         construction of this Agreement, (2) arising from your employment with
         or termination of employment from the Company, (3) relating to any
         compensation or benefits you may claim, or (4) relating in any way to
         any claim by you for reinstatement or reemployment by the Company after
         execution of this Agreement shall be submitted to final and binding
         confidential arbitration. Except as specifically provided herein, the
         arbitration shall be governed by the rules of the American Arbitration
         Association or such other rules as agreed to by the parties. Each party
         shall be responsible for its or her own costs and attorneys' fees
         relating to mediation and arbitration. Both parties agree that the
         procedures outlined in this paragraph are the exclusive methods of
         dispute resolution.

7.       ENTIRE AGREEMENT

         This Agreement contains the entire agreement between you and the
         Company concerning the subject matters discussed herein and supersedes
         any other discussions, agreements, representations or warranties of any
         kind. Any modification of this Agreement shall be effective only if in
         writing and signed by each party or its duly authorized representative.
         This Agreement supersedes all prior employment agreements between you
         and the Company or any corporation affiliated with or related to the
         Company. The terms of this Agreement are contractual and not mere
         recitals. If for any reason any provision of this Agreement shall be
         held invalid in whole or in part, such invalidity shall not affect the
         remainder of this Agreement.

         This Agreement shall be construed in accordance with the laws of the
state of Oregon (without regard to the conflicts of laws provisions thereof).

         In order to reflect your voluntary acceptance and agreement with these
terms, please sign and return the enclosed copy of this letter.

                                        Sincerely,

                                        TRM  CORPORATION

                                        By:      FREDERIC STOCKTON
                                                 -----------------------------
                                                 President and CEO

ACKNOWLEDGMENT AND AGREEMENT:

I have read this Agreement and voluntarily enter into this Agreement after
careful consideration and the opportunity to review it with financial or legal
counsel of my choice.

                                                DAN SPALDING
                                                -----------------------------
                                                Dan Spalding

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