Document:

EXHIBIT 10.24

                      CHANGE IN CONTROL SEVERANCE AGREEMENT

            THIS AGREEMENT is entered into as of the 14th day of November,
2000, by and between Staff Leasing, Inc., a Florida corporation (the
"Company"), and Michael W. Ehresman ("Executive").

                           W I T N E S S E T H

            WHEREAS, the Company considers the establishment and maintenance of
a sound and vital management to be essential to protecting and enhancing the
best interests of the Company and its stockholders; and

            WHEREAS, the Company recognizes that, as is the case with many
publicly held corporations, the possibility of a change in control may arise and
that such possibility may result in the departure or distraction of management
personnel to the detriment of the Company and its stockholders; and

            WHEREAS, the Board (as defined in Section 1) has determined that it
is in the best interests of the Company and its stockholders to secure
Executive's continued services and to ensure Executive's continued dedication to
his duties in the event of any threat or occurrence of a Change in Control (as
defined in Section 1) of the Company; and

            WHEREAS, the Board has authorized the Company to enter into this
Agreement.

            NOW, THEREFORE, for and in consideration of the premises and the
mutual covenants and agreements herein contained, the Company and Executive
hereby agree as follows:

            1. DEFINITIONS. As used in this Agreement, the following terms shall
have the respective meanings set forth below:

            (a) "Board" means the Board of Directors of the Company.

            (b) "Bonus Amount" means the greater of (i) the average annual
incentive bonus earned by Executive from the Company (or its affiliates) during
the last three (3) completed fiscal years of the Company immediately preceding
Executive's Date of Termination (annualized in the event Executive was not
employed by the Company (or its affiliates) for the whole of any such fiscal
year), and (ii) the Executive's target annual incentive bonus for the year in
which the Date of Termination occurs.

            (c) "Cause" means (i) the willful and continued failure of Executive
to perform substantially his duties with the Company (other than any such
failure resulting from Executive's incapacity due to physical or mental illness
or any such failure subsequent to Executive being delivered a Notice of
Termination without Cause by the Company or delivering a Notice of Termination
for Good Reason to the Company) after a written demand for substantial
performance is delivered to Executive by the Board which specifically identifies
the manner in which the Board believes that Executive has not substantially
performed Executive's duties, or (ii) the willful engaging by Executive in
illegal conduct or gross misconduct which is demonstrably and materially
injurious to the Company or its affiliates. For purpose of this paragraph (c),
no act or failure to act by Executive shall be considered "willful", unless done
or omitted to be done by Executive in bad faith and without reasonable belief
that Executive's action or omission was in the best interests of the Company or
its affiliates. Any act, or failure to act, based upon authority given pursuant
to a resolution duly adopted by the Board, based upon the advice of counsel for
the Company or upon the instructions of the Company's chief executive officer or
another senior officer of the Company shall be conclusively presumed to be done,
or

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omitted to be done, by Executive in good faith and in the best interests of the
Company. Cause shall not exist unless and until the Company has delivered to
Executive a copy of a resolution duly adopted by three-quarters (3/4) of the
entire Board (excluding Executive if Executive is a Board member) at a meeting
of the Board called and held for such purpose (after reasonable notice to
Executive and an opportunity for Executive, together with counsel, to be heard
before the Board), finding that in the good faith opinion of the Board an event
set forth in clauses (i) or (ii) has occurred and specifying the particulars
thereof in detail.

            (d)  "Change in Control" means the occurrence of any one of the
following events:

            (i) individuals who, on January 4, 2000, constitute the Board (the
      "Incumbent Directors") cease for any reason to constitute at least a
      majority of the Board, provided that any person becoming a director
      subsequent to January 4, 2000, whose election or nomination for election
      was approved by a vote of at least two-thirds of the Incumbent Directors
      then on the Board (either by a specific vote or by approval of the proxy
      statement of the Company in which such person is named as a nominee for
      director, without written objection to such nomination) shall be an
      Incumbent Director; PROVIDED, HOWEVER, that no individual initially
      elected or nominated as a director of the Company as a result of an actual
      or threatened election contest with respect to directors or as a result of
      any other actual or threatened solicitation of proxies or consents by or
      on behalf of any person other than the Board shall be deemed to be an
      Incumbent Director;

            (ii) any "person" (as such term is defined in Section 3(a)(9) of the
      Securities Exchange Act of 1934 (the "Exchange Act") and as used in
      Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a
      "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act),
      directly or indirectly, of securities of the Company representing 25% or
      more of the combined voting power of the Company's then outstanding
      securities eligible to vote for the election of the Board (the "Company
      Voting Securities"); PROVIDED, HOWEVER, that the event described in this
      paragraph (ii) shall not be deemed to be a Change in Control by virtue of
      any of the following acquisitions: (A) by the Company or any Subsidiary,
      (B) by any employee benefit plan (or related trust) sponsored or
      maintained by the Company or any Subsidiary, (C) by any underwriter
      temporarily holding securities pursuant to an offering of such securities,
      (D) pursuant to a Non-Qualifying Transaction (as defined in paragraph
      (iii)), or (E) unless otherwise approved by the Board, pursuant to any
      acquisition by Executive or any group of persons including Executive (or
      any entity controlled by Executive or any group of persons including
      Executive);

            (iii) the consummation of a merger, consolidation, statutory share
      exchange or similar form of corporate transaction involving the Company or
      any of its Subsidiaries that requires the approval of the Company's
      stockholders, whether for such transaction or the issuance of securities
      in the transaction (a "Business Combination"), unless immediately
      following such Business Combination: (A) more than 50% of the total voting
      power of (x) the corporation resulting from such Business Combination (the
      "Surviving Corporation"), or (y) if applicable, the ultimate parent
      corporation that directly or indirectly has beneficial ownership of 100%
      of the voting securities eligible to elect directors of the Surviving
      Corporation (the "Parent Corporation"), is represented by Company Voting
      Securities that were outstanding immediately prior to such Business
      Combination (or, if applicable, is represented by shares into which such
      Company Voting Securities were converted pursuant to such Business
      Combination), and such voting power among the holders thereof is in
      substantially the

<PAGE>

     same proportion as the voting power of such Company Voting Securities among
     the holders thereof immediately prior to the Business Combination, (B) no
     person (other than any employee benefit plan (or related trust) sponsored
     or maintained by the Surviving Corporation or the Parent Corporation), is
     or becomes the beneficial owner, directly or indirectly, of 25% or more of
     the total voting power of the outstanding voting securities eligible to
     elect directors of the Parent Corporation (or, if there is no Parent
     Corporation, the Surviving Corporation) and (C) at least a majority of the
     members of the board of directors of the Parent Corporation (or, if there
     is no Parent Corporation, the Surviving Corporation) following the
     consummation of the Business Combination were Incumbent Directors at the
     time of the Board's approval of the execution of the initial agreement
     providing for such Business Combination (any Business Combination which
     satisfies all of the criteria specified in (A), (B) and (C) above shall be
     deemed to be a "Non-Qualifying Transaction"); or

            (iv) the stockholders of the Company approve a plan of complete
      liquidation or dissolution of the Company or a sale of all or
      substantially all of the Company's assets.

            Notwithstanding the foregoing, a Change in Control of the Company
shall not be deemed to occur solely because any person acquires beneficial
ownership of more than 25% of the Company Voting Securities as a result of the
acquisition of Company Voting Securities by the Company which reduces the number
of Company Voting Securities outstanding; PROVIDED THAT, if after such
acquisition by the Company such person becomes the beneficial owner of
additional Company Voting Securities that increases the percentage of
outstanding Company Voting Securities beneficially owned by such person, a
Change in Control of the Company shall then occur.

            (e) "Date of Termination" means (1) the effective date on which
Executive's employment by the Company terminates as specified in a prior written
notice by the Company or Executive, as the case may be, to the other, delivered
pursuant to Section 10 or (2) if Executive's employment by the Company
terminates by reason of death, the date of death of Executive.

            (f) "Disability" means termination of Executive's employment by the
Company due to Executive's absence from Executive's duties with the Company on a
full-time basis for at least one hundred eighty (180) consecutive days as a
result of Executive's incapacity due to physical or mental illness.

            (g) "Good Reason" means, without Executive's express written
consent, the occurrence of any of the following events after a Change in
Control:

            (i) (A) any change in the duties or responsibilities (including
      reporting responsibilities) of Executive that is inconsistent in any
      material and adverse respect with Executive's position(s), duties,
      responsibilities or status with the Company immediately prior to such
      Change in Control (including any material and adverse diminution of such
      duties or responsibilities) or (B) a material and adverse change in
      Executive's titles or offices (including, if applicable, membership on the
      Board) with the Company as in effect immediately prior to such Change in
      Control;

            (ii) a reduction by the Company in Executive's rate of annual base
      salary or annual target bonus opportunity (including any material and
      adverse change in the formula for such annual bonus target) as in effect
      immediately prior to such Change in Control or as the same may be
      increased from time to time thereafter;

<PAGE>

            (iii) any requirement of the Company that Executive (A) be based
      anywhere more than fifty (50) miles from the office where Executive is
      located at the time of the Change in Control or (B) travel on Company
      business to an extent substantially greater than the travel obligations of
      Executive immediately prior to such Change in Control;

            (iv) the failure of the Company to (A) continue in effect any
      employee benefit plan, compensation plan, welfare benefit plan or material
      fringe benefit plan in which Executive is participating immediately prior
      to such Change in Control or the taking of any action by the Company which
      would adversely affect Executive's participation in or reduce Executive's
      benefits under any such plan, unless Executive is permitted to participate
      in other plans providing Executive with substantially equivalent benefits
      in the aggregate (at substantially equivalent cost with respect to welfare
      benefit plans), or (B) provide Executive with paid vacation in accordance
      with the most favorable vacation policies of the Company (and its
      affiliated companies) as in effect for Executive immediately prior to such
      Change in Control, including the crediting of all service for which
      Executive had been credited under such vacation policies prior to the
      Change in Control;

            (v) any purported termination of Executive's employment which is not
      effectuated pursuant to Section 10(b) (and which will not constitute a
      termination hereunder); or

            (vi) the failure of the Company to obtain the assumption agreement
      from any successor as contemplated in Section 9(b).

            An isolated, insubstantial and inadvertent action taken in good
faith and which is remedied by the Company within ten (10) days after receipt of
notice thereof given by Executive shall not constitute Good Reason. Executive's
right to terminate employment for Good Reason shall not be affected by
Executive's incapacities due to mental or physical illness and Executive's
continued employment shall not constitute consent to, or a waiver of rights with
respect to, any event or condition constituting Good Reason ; provided, however,
that Executive must provide notice of termination of employment within ninety
(90) days following Executive's knowledge of an event constituting Good Reason
or such event shall not constitute Good Reason under this Agreement.

            (h) "Qualifying Termination" means a termination of Executive's
employment (i) by the Company other than for Cause or (ii) by Executive for Good
Reason. Termination of Executive's employment on account of death, Disability or
Retirement shall not be treated as a Qualifying Termination.

            (i) "Retirement" means Executive's mandatory retirement (not
including any mandatory early retirement) in accordance with the Company's
retirement policy generally applicable to its salaried employees, as in effect
immediately prior to the Change in Control, or in accordance with any retirement
arrangement established with respect to Executive with Executive's written
consent.

            (j) "Subsidiary" means any corporation or other entity in which the
Company has a direct or indirect ownership interest of 50% or more of the total
combined voting power of the then outstanding securities or interests of such
corporation or other entity entitled to vote generally in the election of
directors or in which the Company has the right to receive 50% or more of the
distribution of profits or 50% of the assets or liquidation or dissolution.

            (k) "Termination Period" means the period of time beginning with a
Change in Control and ending two (2) years following such Change in Control.
Notwithstanding anything in this Agreement to the contrary,

<PAGE>

if (i) Executive's employment is terminated prior to a Change in Control for
reasons that would have constituted a Qualifying Termination if they had
occurred following a Change in Control; (ii) Executive reasonably demonstrates
that such termination (or Good Reason event) was at the request of a third party
who had indicated an intention or taken steps reasonably calculated to effect a
Change in Control; and (iii) a Change in Control involving such third party (or
a party competing with such third party to effectuate a Change in Control) does
occur, then for purposes of this Agreement, the date immediately prior to the
date of such termination of employment or event constituting Good Reason shall
be treated as a Change in Control. For purposes of determining the timing of
payments and benefits to Executive under Section 4, the date of the actual
Change in Control shall be treated as Executive's Date of Termination under
Section 1(e).

            2. OBLIGATION OF EXECUTIVE. In the event of a tender or exchange
offer, proxy contest, or the execution of any agreement which, if consummated,
would constitute a Change in Control, Executive agrees not to voluntarily leave
the employ of the Company, other than as a result of Disability or an event
which would constitute Good Reason if a Change in Control had occurred, until
the Change in Control occurs or, if earlier, such tender or exchange offer,
proxy contest, or agreement is terminated or abandoned.

            3. TERM OF AGREEMENT. This Agreement shall be effective on the date
hereof and shall continue in effect until the Company shall have given three (3)
years' written notice of cancelation; PROVIDED THAT, notwithstanding the
delivery of any such notice, this Agreement shall continue in effect for a
period of two (2) years after a Change in Control, if such Change in Control
shall have occurred during the term of this Agreement. Notwithstanding anything
in this Section to the contrary, this Agreement shall terminate if Executive or
the Company terminates Executive's employment prior to a Change in Control
except as provided in Section l(k).

            4. PAYMENTS UPON TERMINATION OF EMPLOYMENT.

            (a) QUALIFYING TERMINATION. If during the Termination Period
the employment of Executive shall terminate pursuant to a Qualifying
Termination, then the Company shall provide to Executive:

            (i) within five (5) days following the Date of Termination, a
      lump-sum cash amount equal to the sum of (A) Executive's base salary
      through the Date of Termination and any bonus amounts which have become
      payable, to the extent not theretofore paid or deferred, (B) a PRO RATA
      portion of Executive's annual bonus for the fiscal year in which
      Executive's Date of Termination occurs in an amount at least equal to (1)
      Executive's Bonus Amount, multiplied by (2) a fraction, the numerator of
      which is the number of days in the fiscal year in which the Date of
      Termination occurs through the Date of Termination and the denominator of
      which is three hundred sixty-five (365), and reduced by (3) any amounts
      paid from the Company's annual incentive plan for the fiscal year in which
      Executive's Date of Termination occurs and (C) any accrued vacation pay,
      in each case to the extent not theretofore paid; plus

            (ii) within five (5) days following the Date of Termination, a
      lump-sum cash amount equal to (i) one (1) times Executive's highest annual
      rate of base salary during the 12-month period immediately prior to
      Executive's Date of Termination, plus (ii) one (1) times Executive's Bonus
      Amount.

            (b) If during the Termination Period the employment of Executive
shall terminate pursuant to a Qualifying Termination, the Company shall continue
to provide, for a period of one (1) year following Executive's Date of
Termination, Executive (and Executive's dependents, if applicable) with the same
level of medical, dental,

<PAGE>

accident, disability and life insurance benefits upon substantially the same
terms and conditions (including contributions required by Executive for such
benefits) as existed immediately prior to Executive's Date of Termination (or,
if more favorable to Executive, as such benefits and terms and conditions
existed immediately prior to the Change in Control); PROVIDED THAT, if Executive
cannot continue to participate in the Company plans providing such benefits, the
Company shall otherwise provide such benefits on the same after-tax basis as if
continued participation had been permitted. Notwithstanding the foregoing, in
the event Executive becomes reemployed with another employer and becomes
eligible to receive welfare benefits from such employer, the welfare benefits
described herein shall be secondary to such benefits during the period of
Executive's eligibility, but only to the extent that the Company reimburses
Executive for any increased cost and provides any additional benefits necessary
to give Executive the benefits provided hereunder.

            (c) If during the Termination Period the employment of Executive
shall terminate other than by reason of a Qualifying Termination, then the
Company shall pay to Executive within thirty (30) days following the Date of
Termination, a lump-sum cash amount equal to the sum of (1) Executive's base
salary through the Date of Termination and any bonus amounts which have become
payable, to the extent not theretofore paid or deferred, and (2) any accrued
vacation pay, in each case to the extent not theretofore paid. The Company may
make such additional payments, and provide such additional benefits, to
Executive as the Company and Executive may agree in writing.

            5. [Intentionally Omitted.]

            6. WITHHOLDING TAXES. The Company may withhold from all
payments due to Executive (or his beneficiary or estate) hereunder all taxes
which, by applicable federal, state, local or other law, the Company is
required to withhold therefrom.

            7. REIMBURSEMENT OF EXPENSES. If any contest or dispute shall arise
under this Agreement involving termination of Executive's employment with the
Company or involving the failure or refusal of the Company to perform fully in
accordance with the terms hereof, the Company shall pay directly or reimburse
Executive, on a current basis, for all reasonable legal fees and expenses, if
any, incurred by Executive in connection with such contest or dispute
(regardless of the result thereof), together with interest in an amount equal to
the prime rate of the Chase Manhattan Bank, N.A., from time to time in effect,
but in no event higher than the maximum legal rate permissible under applicable
law, such interest to accrue from the date the Company receives Executive's
statement for such fees and expenses through the date of payment thereof,
regardless of whether or not Executive's claim is upheld by a court of competent
jurisdiction/arbitration panel.

            8. SCOPE OF AGREEMENT. Nothing in this Agreement shall be deemed to
entitle Executive to continued employment with the Company or its Subsidiaries,
and if Executive's employment with the Company shall terminate prior to a Change
in Control, Executive shall have no further rights under this Agreement (except
as otherwise provided hereunder); PROVIDED, HOWEVER, that any termination of
Executive's employment during the Termination Period shall be subject to all of
the provisions of this Agreement.

            9. SUCCESSORS: BINDING AGREEMENT.

            (a) This Agreement shall not be terminated by any Business
Combination. In the event of any Business Combination, the provisions of this
Agreement shall be binding upon the Surviving Corporation, and such Surviving
Corporation shall be treated as the Company hereunder.

            (b) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or

<PAGE>

substantially all of the business and/or assets of the Company unconditionally
to assume expressly and agree to perform this Agreements in the same manner and
to the same extent that the Company would be required to perform if no such
succession had taken place. As used in this Agreement, "Company" means the
Company has hereinbefore defined, and any successor to its business and/or
assets as aforesaid which assumes and agrees to perform this Agreement by
operation of law, or otherwise. Failure of the Company to obtain such assumption
prior to the effectiveness of any such succession that constitutes a Change in
Control, shall be a breach of this Agreement and shall constitute Good Reason
hereunder and shall entitle Executive to compensation and other benefits from
the Company in the same amount and on the same terms as Executive would be
entitled hereunder if Executive's employment were terminated following a Change
in Control by reason of a Qualifying Termination. For purposes of implementing
the foregoing, the date on which any such Business Combination becomes effective
shall be deemed the date Good Reason occurs, and shall be the Date of
Termination if requested by Executive.

            (c) This Agreement is personal to the Executive and without the
express prior written consent of the Company shall not be assignable by the
Executive otherwise than by will or the laws of descent and distribution, and
any such purported assignment shall be void. This Agreement shall inure to the
benefit of and be enforceable by Executive's personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. If Executive shall die while any amounts would be payable to Executive
hereunder had Executive continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to
such person or persons appointed in writing by Executive to receive such amounts
or, if no person is so appointed, to Executive's estate.

            10. NOTICE. (a) For purposes of this Agreement, all notices and
other communications required or permitted hereunder shall be in writing and
shall be deemed to have been duly given when delivered or five (5) days after
deposit in the United States mail, certified and return receipt requested,
postage prepaid, addressed as follows:

            If to the Executive:

            Michael W. Ehresman
            (street address)
            (city, state zip)

            If to the Company:

            Staff Leasing, Inc.
            600 301 Boulevard West
            Suite 202
            Bradenton, FL 34205
            Attn: General Counsel

or to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

            (b) A written notice of Executive's Date of Termination by the
Company or Executive, as the case may be, to the other, shall (i) indicate the
specific termination provision in this Agreement relied upon, (ii) to the extent
applicable, set forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of Executive's employment under the provision
so indicated and (iii) specify the termination date (which date shall be not
less than fifteen (15) (thirty (30), if termination is by the Company for
Disability) nor more than sixty (60) days after the giving of such notice). The
failure by Executive or the Company to set forth in such notice any fact or

<PAGE>

circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of Executive or the Company hereunder or preclude Executive or
the Company from asserting such fact or circumstance in enforcing Executive's or
the Company's rights hereunder.

            11. FULL SETTLEMENT; RESOLUTION OF DISPUTES. The Company's
obligation to make any payments provided for in this Agreement and otherwise to
perform its obligations hereunder shall be in lieu and in full settlement of all
other severance payments to Executive under any other severance or employment
agreement between Executive and the Company, and any severance plan of the
Company. The Company's obligations hereunder shall not be affected by any
set-off, counterclaim, recoupment, defense or other claim, right or action which
the Company may have against Executive or others. In no event shall Executive be
obligated to seek other employment or take other action by way of mitigation of
the amounts payable to Executive under any of the provisions of this Agreement
and, except as provided in Section 4(b), such amounts shall not be reduced
whether or not Executive obtains other employment.

            12. EMPLOYMENT WITH SUBSIDIARIES. Employment with the Company
for purposes of this Agreement shall include employment with any Subsidiary.

            13. SURVIVAL. The respective obligations and benefits afforded to
the Company and Executive as provided in Sections 4 (to the extent that payments
or benefits are owed as a result of a termination of employment that occurs
during the term of this Agreement), 5 (to the extent that Payments are made to
Executive as a result of a Change in Control that occurs during the term of this
Agreement), 6, 7, 9(c) and 11 shall survive the termination of this Agreement.

            14. GOVERNING LAW. THE INTERPRETATION, CONSTRUCTION AND PERFORMANCE
OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE
WITH THE INTERNAL LAWS OF THE STATE OF FLORIDA WITHOUT REGARD TO THE PRINCIPLE
OF CONFLICTS OF LAWS.

            15. SEVERABILITY. The invalidity, illegality or unenforceability of
any provision of this Agreement shall not affect the validity, legality or
enforceability of any other provision of this Agreement, which other provisions
shall remain in full force and effect. If the effect of a final and unappealable
holding or finding that any such provision is either invalid, illegal or
unenforceable is to modify to the Executive's detriment, reduce or eliminate any
compensation, reimbursement, payment, allowance or other benefit to the
Executive intended by the Company and Executive in entering into this Agreement,
the Company shall promptly negotiate and enter into an agreement with the
Executive containing alternative provisions (reasonably acceptable to the
Executive) that will restore to the Executive (to the extent legally
permissible) substantially the same economic, substantive and income tax
benefits the Executive would have enjoyed had any such provision of this
Agreement been upheld as valid, legal and enforceable.

            16. COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be deemed to be an original and all of
which together shall constitute one and the same instrument.

            17. MISCELLANEOUS. (a) No provision of this Agreement may be
modified or waived unless such modification or waiver is agreed to in writing
and signed by Executive and by a duly authorized officer of the Company. No
waiver by either party hereto at any time of any breach by the other party
hereto of, or compliance with, any condition or provision of this Agreement to
be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time.

<PAGE>

            (b) Failure by Executive or the Company to insist upon strict
compliance with any provision of this Agreement or to assert any right Executive
or the Company may have hereunder, including without limitation, the right of
Executive to terminate employment for Good Reason, shall not be deemed to be a
waiver of such provision or right or any other provision or right of this
Agreement.

            (c) Except as otherwise specifically provided herein, the rights of,
and benefits payable to, Executive, his estate or his beneficiaries pursuant to
this Agreement are in addition to any rights of, or benefits payable to,
Executive, his estate or his beneficiaries under any other employee benefit plan
or compensation program of the Company.

            (d) If any amounts which are required or determined to be paid or
payable or reimbursed or reimbursable to the Executive under this Agreement (or,
following a Change in Control, under any other plan, agreement, policy or
arrangement with the Company) are not so paid promptly at the times provided
hereon or therein, such amounts shall accrue interest at an annual percentage
rate of ten percent (10%) from the date such amounts were required or determined
to have been paid or payable or reimbursed or reimbursable to the Executive
until such amounts and any interest accrued thereon are finally and fully paid;
provided, however, that in no event shall the amount of interest contracted for,
charged or received hereunder exceed the maximum non-usurious amount of interest
allowed by applicable law.

            (e) The Executive acknowledges receipt of a copy of this Agreement
(together with any attachments hereto), which has been executed in duplicate and
agrees that, with respect to the subject matter hereof, this is the entire
agreement with the Company. Any other oral or any written representations,
understandings or agreements with the Company or any of its officers or
representatives covering the same subject matter which are in conflict with this
Agreement hereby are merged into and superseded by the provisions of this
Agreement.

            IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by a duly authorized officer of the Company and Executive has executed
this Agreement as of the day and year first above written.

                                    STAFF LEASING, INC.

                                    -------------------------
                                    Name:  Michael K. Phippen
                                    Title: Chairman & CEO

                                    -------------------------
                                    Michael W. EhresmanExhibit 10.25

                                FINANCE AGREEMENT

                             PAID LOSS WC DEDUCTIBLE

This Finance Agreement ("Agreement") is effective as of January 1, 2001 and is
made by and between Staff Leasing, Inc. ("Insured") and Continental Casualty
Company ("Insurer").

Whereas, Insurer has issued to Insured certain insurance policies (together with
any endorsements, individually and collectively referred to as the "Policies")
which are set forth in Schedule A, which is attached to and made a part of this
Agreement; and

Whereas, Losses incurred under the Policies are subject to a workers'
compensation deductible insurance plan ("1-1-01 Insurance Plan") as set forth in
Schedule A; and

Whereas, Insured has agreed to pay Insurer premiums and reimburse Insurer for
losses and paid Allocated Loss Adjustment Expenses as defined in the Policies
("ALAE"), according to the terms and conditions of the Policies and Article 6 of
this Agreement; and

Whereas, Insured agrees to fully perform and satisfy each and every duty,
obligation and liability that arises under the Policies, the 1-1-01 Insurance
Plan and this Agreement (individually and collectively referred to as the
"Insured's Obligations");

Now, Therefore, In consideration of the covenants and undertakings of the
parties contained in this Agreement, and other good and valuable consideration,
Insurer and Insured agree as follows:

1. ESTIMATED PREMIUM -- Insured agrees to pay Insurer the estimated 1-1-01
Insurance Plan premium of $5,235,000 ("Estimated Premium"). Insured will pay the
Estimated Premium in twelve equal monthly installments ("Estimated Installment
Premium") in the amounts and times stated in the Installment Endorsement(s) to
the Policies.

The Estimated Installment Premium will include the retention, premium tax,
excess loss premium (if any), residual market charge, deductible policy premium
and any regulatory assessments identified in the Confirmation Letter dated
December 27, 2000, and any subsequent amendments.

2. PREMIUM AUDIT -- Premium audits will be performed to determine actual
exposure incurred under the Policies. Such audits may result in adjustments to
the Estimated Premium. An interim audit may be conducted by Insurer as of
October 31, 2001. Insurer will provide Insured notice of the results of any such
audit. The amount billed or refunded as a result of such audits will be limited
to net deductible premiums and any regulatory assessments.

3. ADMINISTRATION FEE - Insured agrees to pay Insurer a non-adjustable
administration fee of $545,000 ("Administration Fee") in installments in the
amounts and times stated in Schedule A of this Agreement after which time the
Administration Fee shall be considered past due and interest will accrue to the
benefit of the Insurer as described in the Payment Terms Article. The
Administration Fee is fully earned when due and no part thereof shall be
refunded.

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -1-                      January 1, 2001

<PAGE>

4. LOSS REIMBURSEMENT - The loss reimbursement obligations of Insured under the
Policies shall be governed by the following:

A.    As of the inception date of the Policies, Insured will maintain with
      Insurer a minimum and deposit loss fund in the amount of $4,100,000 ("WC
      Loss Fund" or "Loss Fund"). Insurer has agreed to permit the Loss Fund
      currently held by Insurer in conjunction with the Insured's Insurance Plan
      effective as of January 1, 2000 ("1-1-00 Insurance Plan") to be utilized
      in partially complying with the loss reimbursement obligations hereunder,
      thereby requiring Insured to add $600,000 to the Loss Fund securing the
      1-1-00 Insurance Plan. Said additional $600,000 shall be added to the Loss
      Fund (hereinafter referred to as the "Consolidated Loss Fund") as of the
      inception date of the Policies and said Consolidated Loss Fund shall be
      maintained as security until all claims under the 1-1-00 Insurance Plan
      and the 1-1-01 Insurance Plan (hereinafter collectively referred to as the
      "Insurance Plans") covered by this Agreement have been closed. Insurer
      will bill Insured monthly for the prior calendar month's losses paid and
      ALAE paid pursuant to the Policies covered by the Consolidated Loss Fund,
      unpaid claims handling expenses earned (if any) by a claims administrator
      (collectively "Losses and Expenses"), and, if applicable, either bill
      Insured for the Interest in Lieu of Charge (as defined in this Article) or
      remit payment to Insured of the Loss Fund Deposit Credit (as defined in
      this Article) applicable to the Consolidated Loss Fund. In the event of
      any default in payment by Insured, Insurer has the option to draw upon the
      Consolidated Loss Fund or on any other Collateral securing Insured's
      Obligations under this Agreement.

B.    On or prior to December 31, 2001, Insured will establish with Insurer a
      working loss fund ("Working Loss Fund"). Funding of the Working Loss Fund
      will be made in an amount equal to the difference in the total of losses
      paid by Insurer (with respect to the Policies covered hereunder) as of
      November 30, 2001 and the amount of $31,182,000, Insured's maximum
      Aggregate Retention as set forth in Article 6 of this Agreement. Funds
      maintained in the Working Loss Fund will be utilized by Insurer to pay
      losses applicable to Insured's maximum Aggregate Retention under the
      1-1-00 Insurance Plan and the 1-1-01 Insurance Plan.

C.    With respect to the Consolidated Loss Fund, an "Interest in Lieu of
      Charge" will compensate Insurer for the loss of use of its funds for
      paying the Losses and Expenses on behalf of Insured prior to being
      reimbursed on a monthly basis for same by Insured; and a "Loss Fund
      Deposit Credit" will compensate Insured for the loss of use of its funds
      comprising the Consolidated Loss Fund.

      The Interest in Lieu of Charge will be two times the Losses and Expenses
      multiplied by one-twelfth (1/12) (or the applicable pro-rata amount
      thereof based upon the number of months, or portion thereof, for which
      such charge is being calculated) of the ninety (90) day commercial paper
      dealer rate in effect on the first Friday(s) of the month(s) being billed
      for that calendar quarter as set forth in the Money Rates section (or any
      successor section) of the Midwest Edition of THE WALL STREET JOURNAL. The
      Loss Fund Deposit Credit will be two times the Consolidated Loss Fund
      multiplied by one-twelfth (1/12) (or the applicable pro-rata amount
      thereof based upon the number of months, or portion thereof, for which
      such charge is being calculated) of the ninety (90) day commercial paper
      dealer rate in effect on the first Friday(s) of the month(s) being billed
      as set forth in the Money Rates section (or any successor section) of the
      Midwest Edition of THE WALL STREET JOURNAL.

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -2-                      January 1, 2001

<PAGE>

      The difference in the Interest in Lieu of Charge and the Loss Fund Deposit
      Credit will either be billed to or payment remitted to Insured by Insurer.
      Insured will pay Insurer any amounts billed to it under this Article
      within fifteen (15) days of the billing date (as defined in the Payment
      Terms Article of this Agreement).

5. PAID LOSS ADJUSTMENT -- Insurer may prepare an adjustment for the Insurance
Plans ("Deductible Adjustment") six (6) months after the expiration or
termination of the applicable Policies and annually thereafter ("Evaluation
Date") until final settlement. Each Deductible Adjustment will equal the sum of:

A.    Amounts past due under the Loss Reimbursement Article, Accrued Interest
      (as defined in the Payment Terms Article), and amounts due under the
      Additional Amounts Article of the Finance Agreement applicable to each of
      the Insurance Plans; plus

B.    As of the Evaluation Date the sum of: Paid Losses, paid ALAE, claim
      handling expenses (if any) due under each of the Insurance Plans; minus

C.    Amounts paid to Insurer under this Agreement (exclusive of any of the
      Insurance Plans premiums applicable to the Policies, premium audit
      adjustments, Accrued Interest payments, and amounts arising under the
      Additional Amounts Article of the Finance Agreement applicable to each of
      the Insurance Plans).

Upon completion of each Deductible Adjustment Insurer will prepare and send an
invoice to Insured, or remit a refund to Insured, as appropriate.

6. MAXIMUM INCURRED LOSSES -- The maximum Aggregate Retention (including all
ALAE paid) Insured will be obligated to pay under the 1-1-01 Insurance Plan,
excluding any amounts due Insurer under the Payment Terms Article, Claims
Administration Article, and the Additional Amounts Article of this Agreement,
will be $31,182,000 ("Maximum Incurred Losses" or "Aggregate Limit"), which is
an estimate; provided, however, the Maximum Incurred Losses Insured will be
obligated to pay (including ALAE) for any one accident or occurrence will be
$10,000,000. Upon the completion of each Deductible Adjustment, the Maximum
Incurred Losses shall be computed for such period based on the rate of $153.49
per $1,000 of Manual Workers' Compensation Premium, with premium subject to a
minimum Aggregate Retention of $24,946,000. The Maximum Incurred Losses
calculated as a result of any interim audit shall be increased pro rata to 365
days.

7. COLLATERAL/EXPERIENCE ACCOUNT -- Both parties agree that collateral
("Collateral") is required to protect the interests of Insurer under the 1-1-01
Insurance Plan, in addition to the Collateral securing the 1-1-00 Insurance
Plan, and that such Collateral may be utilized to pay Insured's Obligations
under said Insurance Plans as follows:

A. The Insured's Obligations will be secured as follows:

   1.) Insured will deliver or cause to be delivered to Insurer as of the
       inception date of the 1-1-01 Insurance Plan Policies a clean,
       unconditional and irrevocable letter of credit ("LOC") issued by a
       financial institution acceptable to and in a form acceptable to Insurer.
       The amount of the LOC shall be $90,702, 000. Alternatively, Insured will
       deposit or cause to be deposited cash or certain classes of securities
       ("Eligible Investments") in the amount of $90,702,000 in Collateral Trust
       Accounts to comply with Insurer's Collateral requirements for the 1-1-01
       Insurance Plan as follows:

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -3-                      January 1, 2001

<PAGE>

       (i) A Collateral Trust Account with a financial institution acceptable to
       Insurer shall be established directly by Insured in the amount of
       $31,700,000 for the benefit of Insurer with respect to the 1-1-01
       Insurance Plan Collateral requirements (such Collateral Trust Account
       shall hereinafter be referred to as the "Direct Collateral Trust
       Account"). Funding of the Direct Collateral Trust Account shall be made
       in four equal quarterly installments of $7,925,000 (payable on January 1,
       2001, April 1, 2001, July 1, 2001 and October 1, 2001) and the Collateral
       Trust Agreement creating the Direct Collateral Trust Account shall
       reflect that such Collateral Trust Account is established and maintained
       for the sole benefit of Insurer to secure the Insured's Obligations under
       the Insurance Plans. The Direct Collateral Trust Account required
       hereunder shall be established and maintained as set forth in Appendix A,
       which is attached to this Agreement and incorporated by reference herein.
       For purposes of monitoring Collateral requirements, the Trust Assets
       comprising the Direct Collateral Trust Account will be treated as partial
       collateral securing Insured's Obligations under the Insurance Plans.

       (ii) Insurer has agreed to permit the assets comprising the existing
       Collateral Trust Account established by North Rock Insurance Company
       Limited as partial Collateral under the 1-1-00 Insurance Plan to also be
       utilized in complying with the 1-1-01 Insurance Plan Collateral
       requirements in excess of the Collateral required to be maintained in the
       Direct Collateral Trust Account. Accordingly, Insured will deposit or
       cause to be deposited cash or certain classes of securities ("Eligible
       Investments" - as defined in the Collateral Trust Agreement) in the
       amount of $59,002,000 in the existing Collateral Trust Account
       established in conjunction with Insured's 1-1-00 Insurance Plan (such
       Collateral Trust Account shall hereinafter be referred to as the
       "Consolidated Collateral Trust Account" which will be segregated by the
       Trustee into sub-accounts applicable to each Insurance Plan secured by
       the Consolidated Collateral Trust Account). Funding of additional assets
       in the amount of $59,002,000 to the 1-1-01 Insurance Plan sub-account of
       the Consolidated Collateral Trust Account shall be made with an initial
       additional deposit of $4,916,837 on January 1, 2001, followed by eleven
       (11) additional monthly payments of $4,916,833, payable on the first day
       of each month. The Collateral Trust Agreement creating the original
       Collateral Trust Account in conjunction with the 1-1-00 Insurance Plan
       shall be amended to reflect that the Collateral Trust Account shall
       hereinafter be referred to as the Consolidated Collateral Trust Account,
       that it was established and maintained for the sole benefit of Insurer to
       secure the Insured's Obligations under the 1-1-00 Insurance Plan and the
       1-1-01 Insurance Plan and that it shall be segregated into sub-accounts
       applicable to each such Insurance Plan. The Consolidated Collateral Trust
       Account required hereunder shall be maintained as set forth in Appendix
       A, which is attached to this Agreement and incorporated by reference
       herein.

   2.) Insured will deliver to Insurer by certified mail (return receipt
       requested) or overnight mail a surety bond (hereinafter referred to as
       the "bond"), effective as of January 1, 2001, in a form acceptable to
       Insurer, in its sole discretion, issued by an institution acceptable to
       Insurer in the initial amount of $5,000,000. The bond, and the obligation
       of the surety thereunder shall be unconditional, irrevocable, absolute
       and shall remain in full force and effect for an initial period of twelve
       (12) months and will be automatically renewable for terms of twelve (12)
       months until Insured has fully satisfied and been discharged of all
       Insured's Obligations under this Agreement and upon mutual agreement. The
       Issuing Institution must agree, in the terms of the bond,

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -4-                      January 1, 2001

<PAGE>

       to provide Insurer with written notice at least sixty (60) days prior to
       expiration of the bond in the event the bond will not be renewed. Insured
       agrees to cause the term of the bond to be extended until such time as
       payment is made to Insurer. No claim will be made or presented against
       the surety bond required as partial collateral by this Paragraph A.3. of
       this Article 7. of the Agreement until Insurer has drawn against all
       other available Collateral securing Insured's Obligations under this
       Agreement.

   3.) Insured will establish and maintain with Insurer the Working Loss Fund
       and the Consolidated Loss Fund as required by the Loss Reimbursement
       Article of this Agreement.

B. Insurer will establish an Experience Account as specified in Appendix B,
   which is attached to and incorporated by reference herein to this Agreement,
   as a means of monitoring the adequacy of the Collateral required by Insurer
   to secure the Insured's Obligations under Paragraph A. of this Article 7. of
   the Agreement. The Experience Account established hereunder and under the
   Agreement covering the Insurance Plans shall reflect that:

   (i)  the Direct Collateral Trust Account assets shall be allocated to and
        identified by the Insurance Plan for which it was established; and

   (ii) the Consolidated Collateral Trust Account assets shall be allocated to
        and identified by each of the sub-accounts applicable to the 1-1-00
        Insurance Plan and the 1-1-01 Insurance Plan.

8. MATERIAL CHANGE IN OWNERSHIP -- Insurer will have the right to require
Insured to increase the amount of assets in the Direct Collateral Trust Account
and/or the sub-accounts comprising the Consolidated Collateral Trust Account or
the surety bonds required as Collateral under the applicable Insurance Plans by
an amount not to exceed the amount of the Maximum Incurred Losses (as defined in
the Finance Agreement applicable to each of the Insurance Plans) if there is a
Material Change In Ownership of Insured. Insured will increase the applicable
Direct Collateral Trust Account and/or the sub-accounts comprising the
Consolidated Collateral Trust Account or the bonds to the required amount within
ten (10) days of notification thereof. For purposes of this Agreement, a
"Material Change in Ownership" occurs when: (i) an investor or a group of
affiliated investors acquires more than 30% of the voting shares of Insured, or
(ii) Insured's board of directors authorizes: a merger, consolidation,
reorganization, or liquidation of Insured, the sale of substantially all of
Insured's assets, or a distribution of assets to shareholders in excess of 25%
of Insured's assets.

9. EVENTS OF DEFAULT -- Any of the following will be an Event of Default under
this Agreement:

A. Insured does not pay any amount due Insurer when due under the terms of the
   Policies under the Insurance Plans, the Insurance Plans and/or the Finance
   Agreements applicable to the Insurance Plans; or

B. Insured does not establish, deliver or adjust the Direct Collateral Trust
   Account and/or the sub-accounts comprising the Consolidated Collateral Trust
   Account or bonds as required in the Finance Agreements applicable to the
   Insurance Plans; or

C. Insurer receives written notice from (i) the Issuing Institution, that the
   bond will not be renewed, or (ii) the Trustee, that the Collateral Trust
   Agreement applicable to either the Direct Collateral Trust Account and/or the
   Consolidated Collateral Trust Account will be terminated, and Insurer is not
   in possession of a satisfactory successor Trustee or

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -5-                      January 1, 2001

<PAGE>

   replacement bond thirty (30) days prior to termination of the Direct
   Collateral Trust Account and/or the Consolidated Collateral Trust Account or
   expiration of the bond; or

D. The financial condition of the Issuing Institution of any LOC or the surety
   bond becomes such that, in Insurer's sole opinion, the Issuing Institution
   may be unable to pay any draw upon the LOC or bond; or

E. Insured ceases doing business as a going concern, makes an assignment for the
   benefit of creditors, generally does not pay its debts as they become due or
   admits in writing its inability to pay its debts as they become due, files a
   petition commencing a voluntary case under any chapter of the Bankruptcy
   Code, 11 U.S.C. Sec. 101 et seq. ("Bankruptcy Code"), is adjudicated an
   insolvent, files a petition seeking for itself a reorganization, arrangement,
   composition, readjustment, rehabilitation, liquidation, dissolution or
   similar arrangement under the Bankruptcy Code or any other present or future
   statute, law, rule or regulation, whether domestic or foreign; or a case,
   proceeding or other action either results in such entry, adjudication, relief
   or issuance or entry of any other order of judgment having a similar effect,
   or remains undismissed for thirty (30) days; or

F. Insured cancels any of the Policies; or

G. Insured fails to execute any further documentation relative to the Insurance
   Plan as Insurer, in its reasonable business judgment, may require within
   thirty (30) days after Insurer delivers such documentation to Insured.

Any termination or cancellation of the Finance Agreements applicable to the
Insurance Plans by Insurer will not release Insured from any of Insured's
Obligations. Insurer's right to apply any Remedies set forth below, should an
Event of Default occur, will not be affected by any such termination or
cancellation, including without limitation the right to draw upon the Collateral
in any amount, as long as Insured remains liable for any Insured's Obligations
under the Insurance Plans.

10. REMEDIES -- If any Event of Default occurs, Insurer may exercise any or all
of the remedies set forth below:

A. Insurer may terminate the Policies under the Insurance Plans after giving
   written notice of termination to Insured as set forth in the Policies (or any
   greater period of written notice as may be required by applicable law). If
   the event specified in paragraph E of the Event of Default Article occurs,
   Insurer may terminate such Policies immediately without the requirement of
   any action by Insurer or notice given to Insured (unless prior notice is
   required by applicable law). Upon termination of any of the Policies, all
   installments of premium and other sums that may become payable by Insured
   under the Policies, the Insurance Plans or the Finance Agreements applicable
   to the Insurance Plans will become immediately due and payable, and Insurer
   will have no further liability under the Policies.

B. Insurer may: (i) perform an Adjustment using Incurred Losses with the entire
   balance so computed becoming immediately due and payable; and/or (ii) perform
   a final Adjustment using the Ultimate Loss Amount as set forth in the
   Remedies Article of the Finance Agreements applicable to the Insurance Plans
   with the entire balance so computed becoming immediately due and payable;
   and/or (iii) draw upon any of the Collateral applicable to the Insurance
   Plans in the full or any lesser amount.

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -6-                      January 1, 2001

<PAGE>

C. Insurer may offset any account surplus, credit obligation, refund, dividend
   or any other amount that is due or may become due Insured under the Policies,
   the Insurance Plans or the Finance Agreements applicable to the Insurance
   Plans and apply such amount against any amount that is due or may become due
   Insurer from Insured under the Policies, the Insurance Plan to which such
   Policies apply or this Agreement.

D. If the event specified in paragraph E of the Event of Default Article occurs,
   Insurer may claim and recover, in addition to all other sums which may become
   payable by Insured to Insurer, the full amount of the Ultimate Loss Amount as
   set forth in the Remedies Article of the Finance Agreements applicable to the
   Insurance Plans for all projected amounts which may become due and payable
   under the Policies, the Insurance Plans or the Finance Agreements applicable
   to the Insurance Plans.

E. In the event that Insurer draws upon any of the Collateral securing the
   Insurance Plans, any proceeds received by Insurer shall be applied first, to
   the payment or reimbursement of the costs, expenses and fees for collection
   provided for in the Payment Terms of the Finance Agreements applicable to the
   Insurance Plans; second, to the payment of interest provided for in the
   Payment Terms Article of the Finance Agreements applicable to the Insurance
   Plans; third, to the payment of any past due Estimated Installment Premium;
   fourth, to the payment of any other premium or other amount currently due
   under the Finance Agreements applicable to the Insurance Plans; fifth, to the
   payment of future amounts due with respect to the Ultimate Loss Amount as
   defined in the Finance Agreements applicable to the Insurance Plans; sixth,
   any amounts remaining will be paid to Insured after all amounts owing
   pursuant to Insured's Obligations have been finally and fully calculated,
   paid and discharged.

F. Insurer may apply the  proceeds of any draw(s) upon the  Collateral  to any
   outstanding amounts owed to Insurer at any time.

The "Ultimate Loss Amount" applicable to each of the Insurance Plans will be
determined by Insurer in its sole discretion through the use of generally
accepted actuarial methods which will take into consideration, without
limitation, Insured's expected loss ratio at the time of quotation, loss
development factors generally used by Insurer, and loss development factors
based on Insured's individual loss history. Insurer's determination of the
Ultimate Loss Amount shall be conclusive and binding upon Insured.

11. PAYMENT TERMS -- Unless otherwise expressly provided, Insured will pay any
invoice submitted by Insurer within thirty (30) days of the billing date after
which time such amount will be considered past due. Insurer will have the option
to accrue interest on any undisputed outstanding amounts past due under this
Agreement at a rate that is equal to the ninety (90) day commercial paper dealer
rate in effect on the first Friday of each month as set forth in the Money Rates
section (or any successor section) of the Midwest Edition of THE WALL STREET
JOURNAL plus five per cent (5%) per annum. Interest will compound daily until
full payment is received ("Accrued Interest"). All Accrued Interest will be
billed as soon as practicable and will be payable within fifteen (15) days of
the billing date. In the event Insurer undertakes any efforts to collect any
amounts due from Insured under the Finance Agreements applicable to the
Insurance Plans, Insured will indemnify Insurer for the reasonable costs,
expenses and fees of such collection efforts, including attorneys' fees, if any.
Any amounts due under the Payment Terms Article of the Finance Agreements
applicable to the Insurance Plans will be in addition to the Maximum Incurred
Losses.

--------------------------------------------------------------------------------
Staff Leasing, Inc.                     -7-                      January 1, 2001

<PAGE>

12. CLAIMS ADMINISTRATION -- Insured will select a third party administrator or
claim service provider ("Claim Service Provider") to service claims that arise
under the Policies ("Claims"). Insurer reserves the right to periodically review
and approve any Claim Service Provider selected by Insured. Such approval will
not be unreasonably withheld. If Insured does not select a Claim Service
Provider or Insurer does not approve of Insured's selection, Insurer may select
a Claims Service Provider to service the Claims. Insured will promptly reimburse
Insurer for all amounts paid by Insurer to the Claims Service Provider.

13. ADDITIONAL AMOUNTS -- Insured will reimburse Insurer for all taxes, fees or
assessments (including any interest and penalties levied) related to the
Policies, the Insurance Plans to which such Policies apply or the Finance
Agreements applicable to the Insurance Plans whenever imposed or assessed upon
Insurer or any of its affiliates and/or subsidiaries by any governmental body,
any insurance guarantee fund association or any residual market facility. Any
amounts due under this Article will be in addition to the Maximum Incurred
Losses.

14. TERM OF AGREEMENT -- This Agreement will remain in full force and effect
until terminated. The parties may modify certain terms and conditions of this
Agreement, as determined solely by Insurer, by written addendum upon each
successive anniversary date ("Annual Addendum").

15. TERMINATION -- This Agreement may be immediately terminated by either party
upon notice in the event of fraud, abandonment, gross or willful misconduct,
insolvency, or lack of legal capacity to act by the other party. If this
Agreement is terminated, Insured will not be released from any Insured's
Obligations under the Finance Agreements applicable to the Insurance Plans,
including without limitation, the obligation to maintain the Collateral;
andInsurer will continue to have the option to enforce any of the Remedies
available to it under the Finance Agreements applicable to the Insurance Plans.

16. ASSIGNMENT -- This Agreement will be binding upon and inure to the benefit
of the parties and their successors and assigns. Neither party may assign this
Agreement without the prior written consent of the other party, such consent not
to be unreasonably withheld.

17. NO REMEDY EXCLUSIVE -- No remedy conferred upon or reserved to any party is
intended to be exclusive of any other available remedy, but each and every
remedy will be cumulative and will be in addition to every other remedy given
under the Finance Agreements applicable to the Insurance Plans, or now or
hereafter existing at law or in equity.

18. NOTICES -- Unless otherwise expressly provided, all notices required under
this Agreement will be confirmed in writing to the other party and sent by
United States mail to the other party addressed as follows:

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Staff Leasing, Inc.                     -8-                      January 1, 2001

<PAGE>

  IF TO INSURER:                         IF TO INSURED:
  -------------                          -------------

  Continental Casualty Company           Staff Leasing, Inc.
  CNA Plaza                              600 301 Boulevard West, Suite 202
  Chicago, IL 60685                      Bradenton, FL 34205
  Attn.: Director, Contract              Attn.: Mr. Wade Latham, Vice President
         Administration-30S                     Risk Management
         CNA Risk Management                    Fax No.: 941/741-4333
         Fax No.: 312/817-3348

20. WAIVER -- The failure of any party to insist upon strict performance of any
duty or responsibility of any other party under this Agreement will not be
deemed a waiver of such duty or responsibility or create an estoppel against any
party to this Agreement.

21. SURVIVAL -- The rights, remedies and covenants of Insurer and Insured under
this Agreement, including without limitation those set forth in the Collateral,
Events of Default and Remedies Articles of the Finance Agreements applicable to
the Insurance Plans, will survive any termination of the Policies, the Insurance
Plans, or the Finance Agreements applicable to the Insurance Plans.

22. ENTIRE UNDERSTANDING -- This Agreement sets forth the entire Agreement and
understanding between the parties with respect to the subject matter of this
Agreement. All parties have participated in the drafting of this Agreement. No
term or provision set forth herein which may be considered ambiguous will be
presumptively interpreted against any party as the drafter of this Agreement.
Unless otherwise expressly set forth in this Agreement, this Agreement may only
be amended in writing signed by officers of both parties.

23. SEVERABILITY -- If any provision of this Agreement is adjudged by any court
of law to be void or unenforceable in whole or in part, such adjudication will
not be deemed to affect the validity of the remainder of this Agreement. Each
provision of this Agreement is declared to be severable from every other
provision and constitutes a separate and distinct covenant.

24. GOVERNING LAW -- This Agreement will be construed and governed by the laws
of the State of Illinois.

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Staff Leasing, Inc.                     -9-                      January 1, 2001

<PAGE>

IN WITNESS WHEREOF, Insurer and Insured have caused this Agreement to be
executed by the persons duly authorized to act in their respective names in
multiple originals effective as of the date and year first above stated.

INSURED                                  INSURER

STAFF LEASING, INC.                      CONTINENTAL CASUALTY COMPANY
---------------------------------------  ---------------------------------------
     (Legal Name of Insured)                  (Legal Name of Insurer)

By:                                      By:
    -----------------------------------      -----------------------------------
         (Signature of Officer)                   (Signature of Officer)

Name:                                    Name:
      ---------------------------------        ---------------------------------
              (Name of Officer)                       (Name of Officer)

Title:                                   Title: Vice-President
       --------------------------------         --------------------------------

Date:                                    Date:
      ---------------------------------        ---------------------------------

                                         Attest:
                                                 -------------------------------
                                         Title: Asst. Secretary
By:
    ----------------------------------
         (Signature of Officer)

Name:
      --------------------------------
              (Name of Officer)

Title:
       -------------------------------

Date:
      --------------------------------

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Staff Leasing, Inc.                     -10-                     January 1, 2001

<PAGE>

                                   SCHEDULE A

PART I. DESCRIPTION OF POLICIES

Policy Limits:         (a) Workers' Compensation: $10,000,000 Each Accident
                       (b) Employer's Liability:
                             Bodily Injury by Accident $10,000,000 Each Accident
                             Bodily Injury by Disease $10,000,000 Policy Limit
                             Bodily Injury by Disease $10,000,000 Each Employee

WORKERS' COMPENSATION DEDUCTIBLE PLAN:

POLICY NUMBER          EFFECTIVE DATE       UNDERWRITING COMPANY
--------------------   -------------------  ------------------------------------

WC 189165165           January 1, 2001      Continental Casualty Company
WC 247848874           January 1, 2001      Continental Casualty Company
WC 247848888           January 1, 2001      Continental Casualty Company

PART II. ADMINISTRATION FEE INSTALLMENT SCHEDULE

         Installment
           Due Date          Installment Amount
         -----------         ------------------

            1-1-2001              $45,424
            2-1-2001              $45,416
            3-1-2001              $45,416
            4-1-2001              $45,416
            5-1-2001              $45,416
            6-1-2001              $45,416
            7-1-2001              $45,416
            8-1-2001              $45,416
            9-1-2001              $45,416
           10-1-2001              $45,416
           11-1-2001              $45,416
           12-1-2001              $45,416

               Total             $545,000

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Staff Leasing, Inc.                     -11-                     January 1, 2001

<PAGE>

                                   APPENDIX A

                     COLLATERAL TRUST ACCCOUNT REQUIREMENTS

1. The Direct Collateral Trust Account required to be established and maintained
pursuant to Article 7.A.1(i) of this Agreement will be funded with Trust Assets
that will amount to at least $31,700,000 (subject to audit) during the term of
this Agreement and shall consist only of the following those classes of Eligible
Securities as set forth in the Collateral Trust Agreement establishing the
Direct Collateral Trust Account.

2. The 1-1-01 Insurance Plan sub-account of the Consolidated Collateral Trust
Account required to be maintained pursuant to Article 7.A.1(ii) of this
Agreement will be funded with Trust Assets that will amount to at least
$59,002,000 (subject to audit) during the term of this Agreement and shall
consist only of the following three classes of Eligible Securities: (i) "Cash
and Equivalents "; (ii) "Fixed Income"; and (iii) "Equities", all as further
defined in the Collateral Trust Agreement applicable to the Consolidated
Collateral Trust Account.

3. Upon execution of this Agreement, the funding of the Direct Collateral Trust
Account and the funding of the 1-1-01 Insurance Plan sub-account of the
Consolidated Collateral Trust Account will consist of initial deposits (on or
before the first business day of January, 2001) to each such Collateral Trust
Account (or sub-account thereof) of cash and/or Eligible Investments in an
amount equal to: (i) $7,925,000 with respect to the Direct Collateral Trust
Account, followed by three quarterly payments in the same amount as set forth in
Article 7.A.1. of the Agreement; and (ii) $4,916,837 with respect to the 1-1-01
Insurance Plan sub-account of the Consolidated Collateral Trust Account,
followed by eleven monthly payments in the amount of $4,916,833, payable on or
before the first business day of each month such funding amount is due.

No one class of Trust Assets required hereunder may comprise more than 50% of
the total value of the Trust Assets of any applicable Collateral Trust Account
(or sub-account thereof) for a period in excess of 30 days without the written
consent of Insurer.

4. The investment return on the Equities class of Trust Assets deposited in the
Consolidated Collateral Trust Account shall be valued by Insurer (or the
Investment Manager of the Trust Assets) on a quarterly calendar basis utilizing
the market price of the Equities as of the close of the New York Stock Exchange
or other recognized United States Exchange (as listed in the WALL STREET
JOURNAL) on the first Friday of each calendar quarter. In the event Insurer is
not collateralized to ultimate premium due under the Insurance Programs secured
by the applicable sub-account of the Consolidated Collateral Trust Account, and,
Insurer determines, at any time in its sole discretion, that the market value of
the Equities in either sub-account of the Consolidated Collateral Trust Account
has decreased by:

   (i) with respect to the 1-1-00 Insurance Plan sub-account of the Consolidated
   Collateral Trust Account, the greater of $3,000,000, or twenty percent (20%)
   or more from a market valuation of $16, 300,000, and

   (ii) with respect to the 1-1-01 Insurance Plan sub-account of the
   Consolidated Collateral Trust Account, the greater of $4,000,000, or twenty
   percent (20%) or more from a market valuation of $19,600,000

Insured shall, upon 3 business days notice from the Insurer, increase such class
of Trust Assets in the applicable sub-account of the Consolidated Collateral
Trust Account by an

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Staff Leasing, Inc.                     -12-                     January 1, 2001

<PAGE>

amount necessary to restore the market valuation of the Equities by the
deficient amount. Alternatively, Insured may increase the classes of U.S.
Treasuries or U.S. Investment Grade Corporate Bonds Trust Assets in an amount
necessary to correct any shortcoming in the market valuation of the Equities
class of Trust Assets. To correct any such deficiency in a sub-account of the
Consolidated Collateral Trust Account, Insurer will instruct the Trustee to
transfer any surplus Trust Assets from a complying sub-account to the deficient
sub-account before making demand upon Insured to make additional deposits to the
deficient sub-account of the Consolidated Collateral Trust Account.

5. (a) In the event the aggregate Incurred Losses under the 1-1-01 Insurance
Plan exceed the Loss Amount calculated pursuant to subparagraph (c) below with
respect to the 1-1-01 Insurance Plan, Insured shall pay, or cause to be paid, to
Insurer an Additional Premium calculated as 81% of the amount of Incurred Losses
(paid losses, reserved losses and ALAE) which exceed that Loss Amount. Such
Additional Premium shall be adjusted and billed quarterly for 6 years from the
inception date of the Policy Period and annually thereafter until all claims
under the Policies are closed or Insured and Insurer mutually agree to a final
calculation of the Additional Premium.

The amount of any such Additional Premium due hereunder shall be deposited
immediately into the 1-1-01 Insurance Plan sub-account of the Consolidated
Collateral Trust Account upon receipt of an invoice from Insurer. Provided, if
the Additional Premium calculated as the result of any adjustment other than the
final adjustment is less than $100,000, that Additional Premium shall be
deferred until, and payable by Insured at, the next adjustment.

   (b) If the Experience Account established with respect to the 1-1-01
Insurance Plan pursuant to Article 7. and Appendix B of this Agreement
[excluding any investment income earned on any Additional Premium(s) paid
pursuant to subparagraph (a) above] is exhausted by payment of Paid Losses
before such Paid Losses total the Loss Amount calculated pursuant to
subparagraph (c) below, Insured shall pay to Insurer an Additional Premium with
respect to the 1-1-01 Insurance Plan.

Any Additional Premium due under this subparagraph (b) shall be calculated as
$7,358,000 plus accrued interest of 7% per annum. This $7,358,000 amount,
exclusive of accrued interest, is an estimated amount, adjustable at audit based
upon a rate of $36.218 per $1,000 of Manual Workers' Compensation Premium. In no
event, except as outlined below, shall this estimated amount be adjusted at
audit to be an amount less than $5,887,000 plus accrued interest of 7% per
annum. Interest shall accrue on any such amount due hereunder from January 1,
2001 until full payment of the Additional Premium is received by Insurer.

Provided, however, such Additional Premium for the 1-1-01 Insurance Plan
calculated under this subparagraph (b) shall not exceed the difference between:

        (i)  The Loss Amount calculated pursuant to subparagraph (c) below; and
        (ii) The total Paid Losses as of the date the Experience Account is
             exhausted.

   (c) The Loss Amount for the 1-1-01 Insurance Plan covered by this Agreement,
as used in this Paragraph 5, is estimated to be $104,327,000. This Loss Amount
is adjustable at audit based on a rate of $513.52 per $1,000 of Manual Workers'
Compensation Premium. In no event shall the Loss Amount be less than
$83,462,000.

Any Additional Premium(s) due under this Paragraph 5. shall be deposited into
the applicable Collateral Trust Account (or sub-account thereof) as additional
Trust Assets upon receipt of an invoice from Insurer and shall be payable by or
on behalf of Insured in addition to the Estimated

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Staff Leasing, Inc.                     -13-                     January 1, 2001

<PAGE>

Premium due under the Policies. Any such infusion of additional Trust Assets
into either the Direct Collateral Trust Account and/or the applicable
sub-account(s) of the Consolidated Collateral Trust Account hereunder may be
made to any or all of the classes of Eligible Investments comprising the Trust
Assets.

6. If the cumulative investment yield on the Trust Assets comprising the
Consolidated Collateral Trust Account (or sub-accounts thereof) securing the
Collateral under the Insurance Plans is not at least a minimum of 7% per annum
("Investment Credit"), as determined by Insurer on or before January 31, 2002
[and every year thereafter during which time such Consolidated Collateral Trust
Account, (or sub-account thereof) remain in effect], by multiplying the average
daily balance of each sub-account of the Consolidated Collateral Trust Account
for such annual period by 7.00%, an additional infusion of Trust Assets will be
made in an amount to bring the value of the applicable sub-account of the
Consolidated Collateral Trust Account to an amount that they would have achieved
had a 7% per annum yield had been realized on each of them. To correct any such
deficiency in the Investment Credit of any deficient sub-account of the
Consolidated Collateral Trust Account, Insurer will instruct the Trustee to
transfer any surplus Trust Assets from a complying sub-account to the deficient
sub-account of the Consolidated Collateral Trust Account before making demand
upon Insured to make additional deposits to the deficient sub-account(s) of the
Consolidated Collateral Trust Account. The cumulative Investment Credit
applicable to the Direct Collateral Trust Account and/or the sub-accounts of the
Consolidated Collateral Trust Account as required under this Paragraph 5. shall
be equal to the sum of the Investment Credit for the term of this Agreement and
each consecutive 12-month period thereafter (or portion thereof) following the
Effective Date of this Agreement.

Any such infusion of additional Trust Assets required under this Paragraph 6.
shall be immediately due and deposited in the deficient sub-account(s) of the
Consolidated Collateral Trust Account, as applicable, upon receipt of notice
from Insurer. No infusion of additional Trust Assets will be required hereunder
in the event that the initial and cumulative Investment Credit equals or exceeds
7.00% per annum.

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Staff Leasing, Inc.                     -14-                     January 1, 2001

<PAGE>

                                   APPENDIX B

                               EXPERIENCE ACCOUNT

As required by Article 7.B. of the Agreement, Insurer shall establish and
maintain an Experience Account for the 1-1-01 Insurance Plan covered by this
Agreement as follows:

   a. The next business day after receipt of each installment of the Estimated
      Installment Premium by Insurer, the Experience Account shall be credited
      with such Estimated Installment Premium.

   b. The Experience Account shall be credited, as received, with the investment
      income earned with respect to the Trust Assets in either the Direct
      Collateral Trust Account and/or the 1-1-01 Insurance Plan sub-account of
      the Consolidated Collateral Trust Account or earned on any monies in the
      Experience Account. As used herein, the term "investment income" will not
      include any investment income attributable to either the 1-1-01 Insurance
      Plan sub-account of the Consolidated Loss Fund or the Working Loss Fund as
      specified in Article 4 of the Agreement.

   c. The Experience Account shall be debited at the time and in the amounts set
      forth below:

      (1) On a quarterly basis, by the amount of Paid Losses paid by Insurer
          hereunder with respect to the 1-1-01 Insurance Plan; and

      (2) Within five (5) days after receipt of any Additional Premium(s) due
          with respect to the 1-1-01 Insurance Plan pursuant to Paragraph 5. of
          Appendix A of this Agreement.

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Staff Leasing, Inc.                     -15-                     January 1, 2001

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