Document:

EMPLOYMENT AGREEMENT
                              --------------------

     This  EMPLOYMENT  AGREEMENT  executed  as  of  May  31, 2001 by and between
CENTRAL  PARKING CORPORATION, a Tennessee corporation (the "Company"), and JAMES
H.  BOND,  an  individual  residing  in Nashville, Tennessee, (the "Executive").

     In  consideration  of the mutual covenants contained in this Agreement, the
parties  hereby  agree  as  follows:

                                    SECTION I
                                   EMPLOYMENT
                                   ----------

     Executive  is  currently  employed  by the Company.  The Company desires to
continue  to  employ  the  Executive  and the Executive agrees to continue to be
employed by the Company upon the terms and conditions provided in the Agreement.

                                   SECTION II
                          POSITION AND RESPONSIBILITIES
                          -----------------------------

     During the Period of Employment (as such term is defined herein below), the
Executive  agrees  to  serve  as  President  and  Chief Operating Officer of the
Company,  and  to  be  the  typical  management  responsibilities expected of an
officer  holding  such  positions  and  such  other  responsibilities  as may be
assigned  to  Executive  from time to time by the Chief Executive Officer of the
Company  (in  each  case  consistent  with  past  practice).

                                   SECTION III
                                TERMS AND DUTIES
                                ----------------
     A.  Period  of  Employment.
         -----------------------
The  period  of  Executive's employment under this Agreement will commence as of
January  1,2001,  and  shall continue through December 31,2003 ("Initial Term"),
subject  to  extension  or termination as provided in this Agreement ("Period of
Employment").  On  each  anniversary  of  the  commencement  of  the  Period  of
Employment,  the  period  of  Executive's  employment  shall  be  extended  for
additional  one  (1)  year periods, unless either party gives notice thirty (30)
days  in  advance  of such anniversary date of such party's intent not to extend
the  Period  of  Employment.
B.  Duties.
    -------
During the Period of Employment, the Executive shall devote substantially all of
his  business  time,  attention  and  skill  to  the business and affairs of the
Company.  The Executive will perform faithfully the duties which may be assigned
to  him  from  time  to  time  by  the  Chief  Executive Officer of the Company,
consistent  with  Section  II  above.

<PAGE>
                                     ------
                                   SECTION IV
                             COMPENSATION: BENEFITS
                             ----------------------

     For  all  services  rendered  by  the  Executive in any capacity during the
Period  of  Employrnent,  the  Executive  shall  be  compensated  as  follows:

     A.     Base  Salary.   The  Company  shall pay the Executive an annual base
            -------------
salary  ("Base  Salary")  in  the  amount of Four Hundred Fifty Thousand Dollars
($450,000).  The Base Salary shall be payable according to the customary payroll
practices  of the Company, but in no event less frequently than once each month.
The  Base  Salary  shall  be reviewed each fiscal period and shall be subject to
increase  according  to  the  policies and practices adopted by the Company from
time  to  time.

     B.     Annual  Incentive  Award.   1.  The  Company  will  pay  an  annual
            -------------------------
incentive  compensation  award  or  bonus  ("Annual  Incentive  Award")  to  the
Executive  consistent  with  the  Company's  EPS Compensation Program for Senior
Executives or such other bonus plan (providing benefits substantially similar to
bonus  plans for other Senior Executives) as may be adopted from time to time by
the  Company.  Executive may elect to draw, in advance, a portion of this Annual
Incentive  Award,  agreed  upon  by  the Company through the course of Company's
fiscal  year.  Should such advance draw exceed the amount actually due Executive
for  the relevant period covered by this Agreement, Executive agrees to promptly
repay  the  overdraw  upon  notification  by  the  Company.

     2.     It is Company's policy that Annual Incentive Awards will not be paid
to  an  executive  during  a job change transition period, if any. Therefore, in
reference  to  Executive's position, if Executive is leaving his position and is
to  continue  working for the Company in a similar position or is promoted, then
Executive  will continue to be paid the Annual Incentive Award until he has left
his  current  position,  and  any  incoming  executive will not begin to earn an
Annual  Incentive Award until the date of Executive's departure. If Executive is
leaving  his  position  due  to  resignation,  retirement  or  removal, then the
incoming  executive will be eligible to earn the Annual Incentive Award from the
time  he  or  she  commences  work  and  Executive  will  not be paid any Annual
Incentive  Award  attributable  to  the  transition  period.

     C.     Additional  Benefits.  The Executive will be entitled to participate
            ---------------------
in  all  employee  benefit  plans  or  programs  and  receive  all  benefits and
perquisites  for  which  senior executives of the Company are eligible under any
existing  or  future  plan  or  program  established  by  the Company for senior
executives.  The  Executive will participate to the extent permissible under the
terms  and  provisions  of  such  plans  or  programs in accordance with program
provisions.  These  may  include,  among  others, group hospitalization, health,
dental  care,  vision,  life  or  other insurance and profit sharing plans, sick
leave  plans, travel or accident insurance, disability insurance, stock purchase
programs  and  stock  option  plans. Nothing in this Agreement will preclude the
Company  from amending or terminating any of the plans or programs applicable to
salaried  or  senior  executives  as  long  as  such amendment or termination is
applicable to all salaried employees or senior executives. The Executive will be
entitled  to an annual paid vacation as established by the Board of Directors of
the  Company.
                                    SECTION V
                                    BUSINESS
                                    --------

The  Company  will  reimburse  the  Executive  for  all  reasonable  travel,
accommodations  and  other expenses incurred by the Executive in connection with
the  performance  of  his  duties  and  obligations  under  this  Agreement.

                                   SECTION VI
                                   DISABILITY
                                   ----------

     A.     In  the  event  the  Executive becomes disabled during the Period of
Employment  to  an  extent  which  entitles  him to benefits under the Company's
long-term  disability  benefit  plan  applicable  to  senior  executive officers
generally  as  in  effect  on  the  date  hereof,  Executive's  employment shall
tern1inate  automatically  and  Executive  shall  be entitled to receive amounts
payable  pursuant  to  the  terms  of a long-term disability insurance policy or
similar arrangement which the Company maintains during the Period of Employment.
In  this  case, normal compensation will cease except for earned but unpaid Base
Salary  and  Annual  Incentive Awards which would be payable on a prorated basis
for  the  year  in  which  the  disability  occurred.

     B.     During  the  period  the  Executive  is receiving payments of either
regular  compensation or disability insurance described in this Agreement and as
long  as he is physically and mentally able to do so, the Executive will furnish
information  and  assistance  to  the  Company  and  from time to time will make
himself  available  to  the Company to undertake assignments consistent with his
prior  position  with  the  Company  and  his physical and mental health. If the
Company  fails  to  make  a payment or provide a benefit required as part of the
Agreement, the Executive's obligation to fulfill information and assistance will
end.

     C.     The  term  "disability"  will  have  the  same  meaning as under any
long-term disability insurance provided pursuant to this Agreement or otherwise.

                                   SECTION VII
                                      DEATH
                                      -----

In  the event of the death of the Executive during the Period of Employment, the
Company's obligation to make Base Salary and bonus payments under this Agreement
shall  cease  as  of the date of death, except for earned but unpaid Base Salary
and Annual Incentive Award which will be paid on a prorated basis for that year.

                                  SECTION VIII
                       EFFECT OF TERMINATION OF EMPLOYMENT
                       -----------------------------------

A.  If  the  Executive's  employment  terminates  due  to either a Without Cause
Termination or a Constructive Discharge (as such terms are defined later in this
Agreement),  the  Company  shall  continue  to  pay  to  the Executive upon such
termination  for 24 months, the sum of (i) his monthly Base Salary, plus (ii) an
amount  equal to one-twelfth (1/12) of the Annual Incentive Award that Executive
received  during  the  Company's  immediately  preceding fiscal year. Earned but
unpaid  Base  Salary  and  unreimbursed expenses through the date of termination
will  also  be  paid  in  a  lump  sum at such time and earned but unpaid Annual
Incentive  Award  through  the date of termination shall be paid at the time the
Company  pays  such  awards  to  its  executive  officers.

     B.     If  the  Executive's  employment terminates due to a Termination for
Cause  any  earned  but unpaid Base Salary and unreimbursed expenses through the
date  of termination will be paid in a lump sum to Executive.  No other payments
will  be  made  by  the  Company.

C.     If  the  Executive's  employment terminates due to disability (subject to
Section  VI  above)  or voluntary termination by Executive (but not Constructive
Discharge)  any  earned but unpaid Base Salary and unreimbursed expenses through
the  date  of termination will be paid in a lump sum to Executive and earned but
unpaid  Annual  Incentive Award through the date of termination shall be paid at
the  time  the  Company  pays  such  awards  to its executive officers. No other
payments  will  be  made  by  the  Company.

     D.     Upon  termination  of  the  Executive's  employment,  the  Period of
Employment  will  cease as of the date of the termination and all benefits other
than  as  specifically  provided  herein,  shall  terminate  on  such  date.

E.  For  this  Agreement,  the  following  terms  have  the  following meanings:

     1.     "Termination  for  Cause"  means  termination  of  the  Executive's
employment  by  the  Company,  acting  in  good  faith, by written notice to the
Executive  specifying  the  events  relied  upon, as a result of (a) Executive's
willful dishonesty, fraud, or misconduct with respect to the business or affairs
of  the  Company  which  is  directly  harmful  to  the  Company, (b) Employee's
conviction  of  a  felony  or  other  crime  involving  moral turpitude or (c) a
violation  by  Executive  of  the  covenants  set  forth  in  Section IX of this
Agreement.  The  Company  must  provide  such  notice  thirty (30) days prior to
termination.  For purposes of this definition, no act, or failure to act, on the
Executive's  part  will  be  considered  "willful" unless done, or omitted to be
done,  by the Executive not in good faith and without reasonable belief that the
Executive's  action  or  omission  was  in  the  best  interest  of the Company.

     2.     "Constructive  Discharge"  means  termination  of  the  Executive's
employment  by  the  Executive  due  to  a failure of the Company to fulfill its
obligations  under  this  Agreement  in  any material respect, including without
limitation  (i)  any  reduction  of  the  Executive's  Base  Salary  other  than
reductions  not  to  exceed  fifteen  percent  (15%) applicable to all executive
officers  of the Company or (ii) the reduction in the title and/or duties of the
Executive.  The  Executive  will  provide  the  Company  a  written notice which
describes  the circumstances being relied on for the termination with respect to
the Agreement within thirty (30) days after the event giving rise to the notice.
The  Company  will  have  thirty  (30) days to remedy the situation prior to the
termination  for  Constructive  Discharge.

     3.     "Without  Cause  Termination"  means  termination of the Executive's
employment  by  the Company other than due to death, disability, Termination for
Cause,  Constructive  Discharge,  termination  under  Section  XI, or failure of
Company  to  renew  this  Agreement  under  Section  IlIA.

                                   SECTION IX
                      OTHER DUTIES OF THE EXECUTIVE DURING
                      ------------------------------------
                       AND AFTER THE PERIOD OF EMPLOYMENT
                       ----------------------------------

     A.     The  Executive  will,  with  reasonable  notice  during or after the
Period  of  Employment,  furnish  information  as  may  be in his possession and
cooperate with the Company as may reasonably be requested in connection with any
claims  or  legal  actions  in  which  the  Company  is  or  may become a party.

     B.     The  Executive  recognizes  and  acknowledges  that  all proprietary
information  pertaining  to  the  affairs, business, clients, customers or other
relationships  of  the Company, as hereinafter defined, is confidential and is a
unique  and  valuable  asset  of  the  Company.  Access to and knowledge of this
proprietary  information  are  essential  to  the performance of the Executive's
duties  under  this  Agreement.  The  Executive  will  not  during the Period of
Employment  or after except to the extent reasonably necessary in performance of
the  duties  under  this  Agreement,  give  to  any  person,  firm, association,
corporation  or  governmental  agency  any  information  concerning the affairs,
business,  clients,  customers  or  other relationships of the Company except as
required by law. The Executive will not make use of this type of information for
his own purposes or for the benefit of any person or organization other than the
Company.  The Executive will also use his reasonable best efforts to prevent the
disclosure  of this information by others. All records, memoranda, etc. relating
to the business of the Company whether made by the Executive or otherwise coming
into  his  possession  in the course of his employment are confidential and will
remain  the  property  of  the  Company.

C.     During  the  Period  of  Employment, any period during which payments are
made  to  the  Executive  pursuant  to  Section  VIII.A  or Section XI.A of this
Agreement, and for a twelve (12) month period thereafter, the Executive will not
use  his status with the Company to obtain loans, goods or services from another
organization  on  terms  that would not be available to him in the absence ofhis
relationship  to  the  Company.  In  the  event  (x)  Executive's  employment is
terminated  due to a Without Cause Termination or a Constructive Discharge, then
during  the  Period  of Employment, any period during which payments are made to
the  Executive pursuant to Section VIII.A or Section XI.A of this Agreement, and
for a twelve (12) month period following the later of such termination or period
during which payments are made; or (y) Executive's employment terminates for any
reason  other  than  Without  Cause  Termination or Constructive Discharge, then
during  the  Period  of  Employment and, in the case of(i) and (ii) below, for a
twenty-four  (24)  month  period, and in the case of (iii) and (iv) below, for a
thirty-six (36) month period, following such termination the Executive will not:
(i)  within  a 50-mile radius of each location of Company's operations as of the
date of termination, make any statements or perform any acts intended to advance
the  interest  of  any  existing or prospective competitors of the Company; (ii)
directly or indirectly own or hold any proprietary interest in or be employed by
or  receive  compensation  from  any  party  engaged  in the same or any similar
business  in  the same geographic areas the Company does business as of the date
of  termination;  (iii)  solicit  any members of the then current clients of the
Company  as  of  the  date  of  termination  or discuss with any employee of the
Company  as  of the date of termination information or operation of any business
intended  to  compete with the Company; and (vi) directly or indirectly hire any
employee  of  the  Company as of the date of termination or solicit or encourage
any  such  employee  to leave the employ of the Company. For the purposes of the
Agreement,  proprietary  interest  means  legal  or equitable ownership, whether
through  stock  holdings  or  otherwise, of a debt or equity interest (including
options,  warrants,  rights  and  convertible  interests)  in a business firm or
entity  ,  or  ownership  of  more  than 5% of any class of equity interest in a
publicly-held  company.  The Executive acknowledges that the covenants contained
herein  are  reasonable  as  to  geographic  and  temporal  scope.

     D.     The  Executive  acknowledges  that  his  breach  or  threatened  or
attempted  breach of any provision of Section IX would cause irreparable harm to
the  Company  not  compensable in monetary damages and that the Company shall be
entitled,  in  addition  to  all  other  applicable remedies, to a temporary and
permanent  injunction  and  a  decree  for  specific performance of the terms of
Section  IX without being required to prove damages or furnish any bond or other
security.

                                    SECTION X
                          INDEMNIFICA TION, LITIGATION
                          ----------------------------

     The Company will indemnify the Executive to the fullest extent permitted by
the laws of the state of Tennessee in effect at that time, or charter and bylaws
of  the  Company  whichever  affords  the  greater  protection to the Executive.

                                   SECTION XI
                                CHANGE IN CONTROL
                                -----------------

     A.     In  the  event there is a Change in Control (as such term is defined
below)  and within the eighteen (18) month period following such event Executive
terminates  his  employment  for  any  reason, or is terminated due to a Without
Cause  Termination,  the  Company  shall in a lump sum pay to the Executive upon
such  termination, the sum of (i) two times his Base Salary, plus (ii) an amount
equal to two times the Annual Incentive Award that Executive received during the
Company's  immediately  preceding fiscal year. All other benefits, other than as
required  by  law,  shall  terminate  immediately  upon  such  termination.

B.     For  purposes of this Agreement, "Change in Control" shall mean the first
to  occur of the following events: (i) the consummation of a plan of liquidation
with  respect  to  the  Company;  (ii)  the  sale or other divestiture of all or
substantially  all  of  the assets (excluding the sale of assets in the ordinary
course  of  business  or  sale  and  lease  back and other transactions that are
primarily  a  financing  transaction)  of  the Company or of the Company and its
direct  or  indirect  majority-owned  subsidiaries; (iii) the acquisition by any
person  or  affiliated  group  of  persons as defined in Section 13(d)(3) of the
Securities  Exchange Act of 1934, as amended (the "1934 Act") (other than Monroe
Carell,  Jr.,  members  of  the Carell family, related entities, affiliates, and
trusts or foundations created by or for any of the foregoing) of common stock of
the  Company so that such person or affiliated group shall become the beneficial
owner,  as  defined  in Rule 13d-3 of the 1934 Act, directly or indirectly, of a
majority  of  the outstanding voting stock of the Company; (iv) the consummation
of a consolidation or merger of the Company with another corporation, unless the
consummation of such consolidation or merger would result in the stockholders of
the  Company  immediately  before  such  consolidation  or merger owning, in the
aggregate,  more than fifty percent (50%) of the outstanding voting stock of the
surviving  entity  immediately  after  such  consolidation  or  merger.

     C.     Notwithstanding anything to the contrary herein, Executive shall not
be  entitled  to  receive  benefits  under  both  Sections  VIII  and  XI.

                                   SECTION XII
                                WITHHOLDING TAXES
                                -----------------

The  Company  may  directly  or indirectly withhold from any payments under this
Agreement  all  federal,  state,  city  or  other  taxes  that shall be required
pursuant  to  any  law  or  governmental  regulation.

                                  SECTION XIII
                           EFFECTIVE PRIOR AGREEMENTS
                           --------------------------

This  Agreement  contains  the  entire understanding between the Company and the
Executive with respect to the subject matter and supersedes any prior employment
or  severance  agreements between the Company, its affiliates and the Executive.
Notwithstanding  the  foregoing,  the  parties  acknowledge  and  agree that the
provisions  set  forth  in (A) the Company's 1995 Nonqualified Stock Option Plan
and  all  previous  grants  to  Executive arising out of such plan; and (B) that
certain  Performance  Unit Agreement by and between Executive and Company, dated
June  25,  1986,  as  amended by those certain Modifications of Performance Unit
Agreement  by  and  between Executive and the Company dated October 10, 1995 and
May  ___,  2001,  are  in  full  force  and  effect.

                                   SECTION XIV
                     CONSOLIDATION, MERGER OR SALE OF ASSETS
                     ---------------------------------------

Nothing  in  this  Agreement  shall  preclude  the Company from consolidating or
merging into or with, or transferring all or substantially all of its assets to,
another  corporation  which  assumes  this  Agreement  and  all  obligations and
undertakings of the Company hereunder. Upon such a consolidation, merger or sale
of  assets,  the  term "the Company" as used will mean the other corporation and
this  Agreement  shall  continue  in  full  force  and  effect.

                                   SECTION XV
                                  MODIFICATION
                                  ------------

This  Agreement  may  not be modified or amended except in writing signed by the
parties.  No  term  or  condition  of this Agreement will be deemed to have been
waived  except  in  writing  by  the  party  charged with waiver. A waiver shall
operate only as to the specific term or condition waived and will not constitute
a waiver for the future or act on anything other than that which is specifically
waived.

                                   SECTION XVI
                           GOVERNING LAW: ARBITRATION
                           --------------------------

This Agreement has been executed and delivered in the State of Tennessee and its
validity,  interpretation,  performance and enforcement shall be governed by the
laws  of  that  state.

Any  dispute  among  the  parties  hereto  shall  be  settled  by arbitration in
Nashville,  Tennessee,  in accordance with the rules of the American Arbitration
Association  and  judgment  upon  the award rendered may be entered in any court
having  jurisdiction  thereof.

                                  SECTION XVII
                                     NOTICES
                                     -------

All  notices,  requests, consents and other communications hereunder shall be in
writing  and  shall  be  deemed  to  have  been  made  when  delivered or mailed
first-class  postage  prepaid  by  registered mail, return receipt requested, or
when  delivered  if  by  hand, overnight delivery service or confirmed facsimile
transmission,  to  the  following:

     (a)     If to the Company, at 2401 21st Avenue South, Suite 200, Nashville,
TN  37212,  Attention:  Chief Executive Officer, or at such other address as may
have  been  furnished  to  the  Executive  by  the  Company  in  writing;  or

     (b)     If  to the Executive, at 128 Clarendon Avenue, Nashville, Tennessee
37205  or  such  other  address as may have been furnished to the Company by the
Executive  in  writing.

<PAGE>

                                  SECTION XVIII
                                BINDING AGREEMENT
                                -----------------

     This  Agreement  shall  be  binding  on  the parties' successors, heirs and
assigns.

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

                         CENTRAL  PARKING  CORPORATION

                         BY:   /s/ Monroe J. Carell, Jr.
                              --------------------------
                              Monroe  J.  Carell,  Jr.
                              Chairman  of  the  Board

                         EXECUTIVE:

                          /s/ James H. Bond
                         -----------------------
                         James  H.  Bond08/13/01                         Page  12
                               EMPLOYMENT CONTRACT

THIS AGREEMENT made and entered into effective this 1st day of October, 2000, by
and  between  CENTRAL  PARKING  SYSTEM,  INC.,  a Tennessee corporation with its
principal place of business in Nashville, Tennessee ("EMPLOYER"), and Emanuel J.
Eads  ("EXECUTIVE").

     W  I  T  N  E  S  S  E  T  H:

WHEREAS,  EMPLOYER  desires to induce EXECUTIVE to serve or continue to serve as
an  executive  officer  of  EMPLOYER;

WHEREAS,  EXECUTIVE  has access to trade secrets and confidential information of
EMPLOYER  including,  but  not  limited  to,  the  terms of, and the parties to,
EMPLOYER's  leases,  management  contracts and other contracts pursuant to which
EMPLOYER  operates  its business, and EXECUTIVE has the ability to influence the
goodwill  of  EMPLOYER  with  such  parties;

WHEREAS, in consideration of his continued employment at will upon the terms and
conditions hereinafter set forth, and the payment of the amounts hereinafter set
forth,  including  but  not  limited  to, the Termination Amount (as hereinafter
defined),  EXECUTIVE  has  agreed  to  be  bound  by  such terms and conditions,
including  but  not limited to, the restrictive covenants set forth hereinafter;

NOW,  THEREFORE,  in consideration of the mutual covenants contained herein, and
other  good and valuable consideration, the receipt and sufficiency of which are
hereby  acknowledged,  EMPLOYER  and  EXECUTIVE  agree  as  follows:

(1)     TITLE.  Subject  to the terms and conditions of this Agreement, EMPLOYER
does  hereby  employ  EXECUTIVE  during the Term (as defined below) as Executive
Vice  President.

(2)     DUTIES.  EXECUTIVE  agrees to serve in such capacity, and to perform all
the  duties  required  thereof.  EXECUTIVE'S  duties and powers in that capacity
will  be determined by EMPLOYER, and are expected to include, but not be limited
to,  managing  EMPLOYER's  operations in certain geographical areas and managing
certain  administrative  functions  as  may  be  determined from time to time by
EMPLOYER.

(3)     COMPENSATION.  During  the  Term,  EMPLOYER  agrees to pay EXECUTIVE for
said  services  a  base salary ("Base Salary") of $350,000 gross per year.  Base
Salary  shall  be  payable  in accordance with the ordinary payroll practices of
EMPLOYER  but  no  less  frequently  than biweekly.  Any increase in Base Salary
shall  be  in  the discretion of EMPLOYER and, as so increased, shall constitute
"Base  Salary"  hereunder.  During  the  Term,  in  addition to his Base Salary,
EXECUTIVE  shall, with respect to each fiscal year beginning on or about October
1,  be  eligible to receive an annual bonus (the "Bonus") in accordance with the
Company's  bonus  program as may be in effect from time-to-time.  For the fiscal
year  beginning on October 1, 2000, EXECUTIVE's Bonus shall be determined as set
forth  in  Exhibit A to this Agreement. EXECUTIVE may elect to draw, in advance,
up  to  fifty percent (50%) of the Bonus through the course of EMPLOYER'S fiscal
year.  Should such advance exceed the amount actually due EXECUTIVE based on the
computation  of EXECUTIVE'S Bonus, EXECUTIVE agrees to repay the borrowed amount
upon  notification  by  EMPLOYER.

     It  is  EMPLOYER'S  policy  that  bonuses  will not be earned by two people
during  a  job change transition period.  Therefore, in reference to EXECUTIVE'S
position,  if  the  outgoing  manager  is  to continue working for EMPLOYER in a
similar position or is promoted, then the outgoing manager will continue to earn
toward a bonus until leaving the current position, and the incoming manager will
not begin to earn toward a bonus until the day after the outgoing manager's last
day  in  the  position.  If the outgoing manager resigns, retires, or is removed
from the position, then the incoming manager will begin to earn toward the bonus
from  the  time  he  or she commences work and the outgoing person will not have
earned  any  bonus  attributable to the period in which he has not worked in the
position.

(4)     ADDITIONAL  COMPENSATION AND BENEFITS.  During the Term, EXECUTIVE shall
be  eligible to participate in any additional compensation and benefits plans or
programs  maintained  by  EMPLOYER  from  time  to  time  in  which other senior
executives  of  EMPLOYER  participate on terms comparable to those applicable to
such  other  senior executives generally (commensurate with EXECUTIVE's position
with  EMPLOYER).

(5)     STOCK  OPTIONS.  During the Term, EXECUTIVE shall be eligible to receive
stock options under EMPLOYER'S 1995 Incentive and Nonqualified Stock Option Plan
for  Key  Employees  or  substitute  plan  (the  "Plan") in amounts and on terms
comparable  to  other senior executives generally (commensurate with EXECUTIVE'S
position  with EMPLOYER).  In accordance with the Plan, such stock options shall
have  a  term  of  ten  (10)  years and shall vest as determined by the Board of
Directors  at  the  date  of  grant;  provided,  however,  that  in the event of
EXECUTIVE'S  termination  without  Cause  or  for Good Reason (as such terms are
defined  below),  all unvested options held by EXECUTIVE on the termination date
shall  vest  as  of such date and EXECUTIVE shall have the right to exercise all
vested  options  during  the  one-year  period  following  termination.

(6)     TERM.  This  Agreement  shall  continue  through  September  30,  2001;
provided,  however,  that the Term shall be automatically renewed for a one-year
period  on  October 1, 2001, and on each anniversary thereof and, as so renewed,
shall constitute the "Term" hereunder, unless EMPLOYER has notified EXECUTIVE in
writing prior to the thirty-day period ending on the expiration of the then Term
that  such Term shall not be so renewed and that EXECUTIVE's employment shall be
terminated.  Notwithstanding  the foregoing, this Agreement may be terminated at
any  time  by  either  EMPLOYER  or  EXECUTIVE   upon thirty days' prior written
notice  (except  that  such  notice  is  not  required  in the event EXECUTIVE's
employment  is  terminated  for  Cause  (as  defined below)); provided, however,
EMPLOYER  retains in its sole discretion the option to substitute for the thirty
(30)  days'  written  notice  of  termination  an  amount  of  pay,  with normal
withholdings,  as  pay in lieu of notice.  Notwithstanding any of the foregoing,
Sections  9,  10,  11,  12,  13  and  14  shall  survive the termination of this
Agreement.

(7)     EXTENT  OF  SERVICES.  EXECUTIVE  shall  devote his entire attention and
energy  to  the business and affairs of EMPLOYER and shall not be engaged in any
other  business  activity,  whether or not such business activity is pursued for
gain,  profit  or  other  pecuniary  advantage,  unless  EMPLOYER  consents  to
EXECUTIVE's  involvement  in such business activity in writing. This restriction
shall  not  be  construed as preventing EXECUTIVE from investing his assets in a
form  or  manner  that will not require EXECUTIVE's services in the operation of
any  of  the  companies  in  which  such  investments  are  made.

(8)     TERMINATION  OF  EMPLOYMENT.

8.1     Termination  without  Cause;  Resignation  for Good Reason.  (a)  In the
        ----------------------------------------------------------
event  that  EXECUTIVE's employment is terminated (i) by EMPLOYER other than for
Cause  (as  defined  below),  including without limitation a termination of this
Agreement  pursuant  to  a  notice  by  EMPLOYER  that the then Term will not be
renewed, and other than as a result of EXECUTIVE's death or Permanent Disability
(as  defined  below),  or  (ii) by EXECUTIVE for Good Reason (as defined below),
EXECUTIVE  shall  receive  the  following  amounts:

          (i)     a  cash lump sum payment in respect of EXECUTIVE's Base Salary
earned  but  not yet paid (the "Compensation Payment"), in each case through the
effective  date  of  such  termination;

          (ii)     such  payments,  if  any, under applicable plans or programs,
including  but not limited to those referred to in Section 4 hereof, to which he
is  entitled  pursuant  to  the  terms  of  such  plans  or  programs;

          (iii)     an  amount  (the  "Termination Amount") equal to one hundred
and  twenty-five  percent  (125%)  of  EXECUTIVE's  Base  Salary;  and

          (iv)     the  Bonus  in  respect  of  the  fiscal  year  in  which his
termination of employment occurs, prorated by a fraction, the numerator of which
is the number of days from the beginning of the then current fiscal year through
and  including  the date of his termination and the denominator of which is 365,
less  any  amounts  drawn  in  advance  under  Section  3  of  this  Agreement.

          (b)     The  Compensation  Payment  shall  be  paid  by  EMPLOYER  to
EXECUTIVE  within  thirty  (30)  days  after  the  termination  of  EXECUTIVE's
employment  by check payable to the order of EXECUTIVE or by wire transfer to an
account  specified  by  EXECUTIVE.  The  Termination  Amount shall be payable in
equal  installments  during  the  one-year  period  following  termination  of
employment in accordance with the ordinary payroll practices of EMPLOYER, but no
less  frequently  than  bi-weekly.  The Bonus shall be paid following the end of
the  fiscal  year  in which EXECUTIVE's employment terminated in accordance with
EMPLOYER's  ordinary  practices,  but in no event later than December 15 of such
year.  Notwithstanding anything else herein to the contrary, EXECUTIVE shall not
be  entitled  to  receive the Termination Amount in the event he violates any of
the  covenants  set  forth  in  Sections  9  or  10  of  this  Agreement.

          (c)     For  purposes  of  this  Agreement, "Good Reason" shall mean a
reduction  by  EMPLOYER  in excess of fifteen (15%) in the amount of EXECUTIVE's
Base  Salary  or  Bonus Potential (as defined below) unless the reduction in the
amount  of  Bonus Potential is part of a program in which the Bonus Potential of
at  least  ninety percent (90%) of the senior executives of EMPLOYER is reduced.
Bonus  Potential  means the amount of Bonus EXECUTIVE would earn if he meets the
budget  objectives  or other objectives as may be set forth in the bonus plan as
amended  from  time-to-time.  It  is  understood that the actual amount of Bonus
earned  by  EXECUTIVE  can vary from year to year depending upon performance and
such  variance, regardless of amount, shall not constitute "Good Reason."  It is
further understood that the amount of EXECUTIVE's Bonus Potential may be reduced
for  factors  such as the closure or loss of cities or locations, sale of cities
or  properties,  or  as  a  result  of  economic  conditions  and  that any such
reduction,  regardless  of  amount,  shall  not  constitute  "Good  Reason."

     8.2     Permanent Disability.  In the event that EXECUTIVE becomes disabled
             --------------------
during  the  Term  to  an extent which entitles him to benefits under EMPLOYER's
long-term  disability  benefit  plan  applicable  to  senior  executive officers
generally  as in effect on the date hereof ("Permanent Disability"), Executive's
employment  shall  terminate  automatically,  and  EXECUTIVE  shall  receive  or
commence  receiving,  as  soon  as  practicable:

          (i)     amounts  payable  pursuant  to  the  terms  of  a  long-term
disability  insurance  policy  or  similar  arrangement which EMPLOYER maintains
during  the  Term;

               (ii)     the  Compensation  Payment;

          (iii)     such  payments,  if any, under applicable plans or programs,
including  but not limited to those referred to in Section 4 hereof, to which he
is  entitled  pursuant  to  the  terms  of  such  plans  or  programs;  and

          (iv)     the  Bonus  in  respect  of  the  fiscal  year  in  which his
termination  occurs prorated by a fraction, the numerator of which is the number
of days from the beginning of the then current fiscal year through and including
the  date  of  his  termination  and  the  denominator of which is 365, less any
amounts  drawn  in  advance  under  Section  3  of  this  Agreement.
 .

     8.3     Death.  In  the  event  of  EXECUTIVE's  death  during  the  Term,
             -----
EXECUTIVE's  employment shall terminate automatically, and EXECUTIVE's estate or
designated  beneficiaries  shall  receive  or  commence  receiving,  as  soon as
practicable:

          (i)     any  death benefits provided under the employee benefit plans,
programs and practices referred to in Section 4 hereof, in accordance with their
terms;

          (ii)     the  Compensation  Payment;

          (iii)     such  payments,  if any, under applicable plans or programs,
including  but  not  limited  to those referred to in Section 4 hereof, to which
EXECUTIVE's  estate  or  designated  beneficiaries  are entitled pursuant to the
terms  of  such  plans  or  programs;  and

          (iv)     the  Bonus  in  respect of the fiscal year in which his death
occurs,  prorated  by  a  fraction, the numerator of which is the number of days
from  the  beginning  of  the then current fiscal year through and including the
date of his death and the denominator of which is 365, less any amounts drawn in
advance  under  Section  3  of  this  Agreement.

     8.4     Resignation  Without  Good  Reason.  In  the event that EXECUTIVE's
             ----------------------------------
employment  is terminated by EXECUTIVE other than for Good Reason and other than
as  a  result  of  EXECUTIVE's  death  or  Permanent Disability, EXECUTIVE shall
receive  the  following  amounts:

(i)     the  Compensation  Payment;

(ii)     such  payments,  if  any, under applicable plans or programs, including
but  not  limited  to  those  referred  to  in  Section 4 hereof, to which he is
entitled  pursuant  to  the  terms  of  such  plans  or  programs;  and

(iii)     the  Bonus  in  respect of the fiscal year in which his termination of
employment  occurs, prorated by a fraction, the numerator of which is the number
of days from the beginning of the then current fiscal year through and including
the  date  of  his  termination  and  the  denominator of which is 365, less any
amounts  drawn  in  advance  under  Section  3  of  this  Agreement.

     8.5     Termination  for Cause.  EMPLOYER shall have the right to terminate
             -----------------------
the employment of EXECUTIVE for Cause.  In the event that EXECUTIVE's employment
is  terminated  by  EMPLOYER  for  Cause,  EXECUTIVE  shall  only be entitled to
receive  the  following  amounts and shall not be entitled to the payment of any
other  compensation  otherwise  included  under  this  Agreement:

               (i)     the  Compensation  Payment;  and

          (ii)     such  payments,  if  any, under applicable plans or programs,
including  but not limited to those referred to in Section 4 hereof, to which he
is  entitled  pursuant  to  the  terms  of  such  plans  or  programs.

After  the  termination  of  EXECUTIVE's  employment under this Section 8.5, the
obligations  of  EMPLOYER  under  this Agreement to make any further payments or
provide  any  benefits  specified  herein to EXECUTIVE shall thereupon cease and
terminate.

     For  purposes  of  this  Agreement,  "Cause"  shall  be  defined as (i) the
commission  by  EXECUTIVE  of  an  act  involving  theft, embezzlement, fraud or
intentional mishandling of EMPLOYER funds; (ii) conviction of a criminal offense
which  adversely  affects  EXECUTIVE's  job-related  responsibilities;  (iii)  a
violation  by  EXECUTIVE  of the covenants set forth in Sections 9 or 10 of this
Agreement;  or (iv) EXECUTIVE's deliberate and intentional continuing refusal to
substantially  perform  his  duties  and obligations, which continues beyond ten
days  after  a  written  demand  for  substantial  performance  is  delivered to
EXECUTIVE  by  EMPLOYER.

(9)     RESTRICTIVE  COVENANTS.

     9.1.     Covenant Not-to-Compete.     During the term of this Agreement and
              ------------------------
for  a  period  of one (1) year after termination of employment (or one (1) year
after  EMPLOYER  is  granted injunctive relief to enforce the provisions of this
Section,  whichever  is  later),  EXECUTIVE  shall  not, directly or indirectly,
either  as  an individual for his own account or as a consultant, partner, joint
venturer,  employee, agent, officer, director or shareholder, engage in the same
or  similar  business  of  EMPLOYER  or  any  of  its  parents,  subsidiaries,
partnerships,  joint  ventures,  affiliates  or  related companies (collectively
referred to hereinafter as "Affiliated Entities") within fifty (50) miles of the
perimeter  of any county or any independent city in which he is rendering or has
rendered  services  to  or  for  EMPLOYER  during  the  one-year period prior to
termination  of  his  employment.

     9.2     Non-solicitation  and  Other Covenants.     During the term of this
             ---------------------------------------
Agreement  and for a period of two (2) years after termination of employment (or
two  (2)  years  after  EMPLOYER  is  granted  injunctive  relief to enforce the
provisions  of  this Section, whichever is later), EXECUTIVE shall not, directly
or  indirectly,  either as an individual for his own account or as a consultant,
partner,  joint  venturer,  employee,  agent,  officer, director or shareholder:

          (i)     solicit  or  attempt  to  solicit  any  clients,  customers or
landlords  of EMPLOYER or any of its Affiliated Entities existing on the date of
EXECUTIVE's  termination with the intent or purpose to perform services for such
clients,  customers or landlords which are the same or similar to those provided
by  EMPLOYER  or  any  of  its  Affiliated  Entities, or encourage or attempt to
encourage  any such clients, customers or landlords to not continue or otherwise
modify  adversely  its  business  relationship  with  EMPLOYER or its Affiliated
Entities;

               (ii)     enter  into  any  lease,  sublease,  license  agreement,
services agreement, option agreement, management or operating agreement relating
to,  or  otherwise  acquire  any  rights  with  respect  to,  any of the parking
facilities  managed or operated by EMPLOYER or any of its Affiliated Entities on
the  date  of  EXECUTIVE's  termination;  or

          (iii)     engage,  hire, solicit or attempt to solicit for the purpose
of  hiring  or  engaging,  as  an  employee,  agent,  consultant,  independent
contractor,  or  in  any  other  capacity,  any  of EMPLOYER's or its Affiliated
Entities'  employees  or  consultants.

EXECUTIVE  acknowledges  and  agrees that the provisions of Sections 9 and 10 of
this  Agreement  are  intended  to  protect  EMPLOYER's  interest  in  certain
confidential  information and established landlord, client and other contractual
relationships  and goodwill and that such provisions are reasonable and valid in
geographical  and  temporal  scope  and  in  all  other  respects.

(10)     CONFIDENTIAL  INFORMATION.  EXECUTIVE  acknowledges and agrees that all
information  of a technical or business nature, such as know-how, trade secrets,
business  plans,  data processes, techniques, financial information, information
regarding  clients,  customers, landlords, suppliers, consultants, joint venture
partners  and  employees,  contracts,  leases,  inventions,  sales and marketing
concepts,  discoveries,  formulae,  patterns,  and  devices  (collectively,  the
"Confidential  Information'')  acquired  by  EXECUTIVE  in  the  course  of  his
employment under this Agreement is valuable proprietary information of EMPLOYER.
EXECUTIVE  agrees that such Confidential Information, whether in written, verbal
or  model  form,  shall  not  be  disclosed  to anyone outside the employment of
EMPLOYER  without EMPLOYER's written consent unless the Confidential Information
has  been  made  generally  available  to  the  public  through  no fault of the
EXECUTIVE.

(11)     RETURN OF COMPANY PROPERTY.  Upon termination of EXECUTIVE's employment
with  or  without  Cause,  EXECUTIVE  shall  immediately  return  and deliver to
EMPLOYER  and  shall  not  retain  any originals or copies of any books, papers,
price  lists,  customer  contracts,  bids,  customer  lists,  files,  notebooks,
computer  files,  computer  hardware  or  software,  or  any  other documents or
computer  records  which  are  company  property,  which  contains  Confidential
Information,  or  which  otherwise  relate  to EXECUTIVE's performance of duties
under  this  Agreement.  EXECUTIVE further acknowledges and agrees that all such
documents  and  computer  records  are  EMPLOYER's  sole and exclusive property.

(12)     NOTICE.  All  notices,  demands and communications required, desired or
permitted  to be given hereunder shall be in writing and shall be deemed to have
been  duly  given on the date received, if delivered personally, or on the third
day  after  mailing,  if  sent  by  registered or certified mail, return receipt
requested,  postage  prepaid,  and addressed to the parties at the addresses set
forth  below or to such other person at such location as either party hereto may
subsequently  designate  in  a  similar  manner:

EMPLOYER:                                    EXECUTIVE:
Central  Parking  System,  Inc.              Emanuel  J.  Eads
2401  21st  Avenue  South,  Suite  200       106  Suffolk  Crescent
Nashville,  Tennessee  37212                 Brentwood,  TN  37027
Attn:  Monroe  J.  Carell,  Jr.

(13)     CONSTRUCTION  OF  AGREEMENT.  This  Agreement  shall  be  interpreted,
construed  and  governed by and under the laws of the State of Tennessee without
reference  to  the  choice  of  law  doctrine  of  such  state,  and  EXECUTIVE
unconditionally  submits  to the jurisdiction of the courts located in the State
of  Tennessee  in all matters relating to or arising from this Agreement, except
to the extent that an issue is subject to the arbitration clause set out herein.

<PAGE>
a.          If  any  provision  or  clause  of this Agreement or the application
thereof  to  either  party  is  held  to  be  invalid  by  a  court of competent
jurisdiction, then such provision shall be severed herefrom, and such invalidity
shall  not  affect  any  other provision of this Agreement, the balance of which
shall  remain  and  have  its  intended  full  force  and  effect.

b.          In  the  event  that  the  provisions  of  Sections  9 or 10 of this
Agreement  shall  ever  be  deemed  to  exceed  the  time or geographical limits
permitted  by  applicable  law,  then  such  provisions shall be reformed to the
maximum  time  and  geographical  limits  permitted  by  applicable  law.

c.          References  herein  to  "Sections" or "Subsections" mean the various
Sections  and  subsections  of  this  Agreement.  The headings and titles of the
Sections  of  this  Agreement  are  not  a  part  of this Agreement, but are for
convenience  only and are not intended to define, limit or construe the contents
of  the  various  Sections.  The  term  "including"  means  including,  without
limitation,  unless  the  context  clearly  indicates  otherwise.

d.          If  EXECUTIVE  defaults  in  the  performance  of  the  covenants,
agreements,  or  other  obligations  described  in  Sections  9  or  10  of this
Agreement,  then  in  addition  to  any  and  all other rights or remedies which
EMPLOYER  may  have  against  the EXECUTIVE, (i) EXECUTIVE will be liable to and
will  pay  to  EMPLOYER a sum equal to EMPLOYER's court costs and the reasonable
fees  of  its  attorneys  and  their  support  staff  incurred  in enforcing the
covenants,  agreements and other obligations set out in Sections 9 or 10 of this
Agreement; and (ii) EMPLOYER shall be entitled to discontinue the payment of the
Termination  Amount  and  to  institute  an action to recover any portion of the
Termination  Amount  already  paid  under  this  Agreement.

e.          EXECUTIVE  acknowledges  and agrees that it is impossible to measure
completely in money the damages which will accrue to EMPLOYER if EXECUTIVE shall
breach  or be in default of the provisions set forth in Sections 9 or 10 of this
Agreement.  Accordingly,  if  any  action  or  proceeding is instituted by or on
behalf  of  EMPLOYER  to  enforce  any  provisions  in  Sections 9 or 10 of this
Agreement,  EXECUTIVE  hereby  waives any claim or defense thereto that EMPLOYER
has  an  adequate  remedy at law or that EMPLOYER has not been, or is not being,
irreparably  injured  thereby.  The  rights and remedies of EMPLOYER pursuant to
this  Section are cumulative, in addition to, and shall not be deemed to exclude
any  other right or remedy which EMPLOYER may have pursuant to this Agreement or
otherwise,  at  law  or in equity, including, without limitation, the rights and
remedies  available  to  EMPLOYER  under  Tennessee  statutory  or  common  law.

(14)     ARBITRATION.  EXECUTIVE and EMPLOYER knowingly and voluntarily agree to
submit to binding arbitration any claims, disputes, or controversies arising out
of  or  relating  to  this employment relationship or this Agreement, or alleged
breach  thereof,  including  any  present  or  future  claim  of  employment
discrimination  by  EXECUTIVE  under  either  federal  or  state  law.  Although
workers'  compensation  issues  are  not  within  the  scope  of this provision,
workers'  compensation  retaliation  claims  are  intended  to  be  arbitrable.
Arbitration  shall serve as the exclusive forum for claims described above, with
the  exception  that  EMPLOYER  need  not  submit issues relating to a breach or
threatened  breach  of  Sections  9  or  10  to  arbitration.

Any  arbitration  under  this  Section  must be instituted within the applicable
statute  of  limitations  governing the dispute under state or federal law.  The
laws  of  the  State  of  Tennessee  shall  govern  all  issues relating to such
arbitration,  including but not limited to, the applicability and enforceability
of  this  arbitration provision, without reference to the choice of law doctrine
of  such state.  Such arbitration shall be conducted in Nashville, Tennessee (or
such  other  location  designated  by EMPLOYER) in accordance with the governing
rules of the Federal Mediation and Conciliation Service ("FMCS") then in effect,
except  for  any  rule  in  conflict  with this Section.  If for any reason FMCS
cannot  provide a panel from which to select an arbitrator, EMPLOYER may utilize
any  other  arbitrator  selection  services,  including the American Arbitration
Association.  One  arbitrator  shall  be  selected,  using an alternating-strike
method,  from  a  list  of arbitrators provided by FMCS.  EXECUTIVE and EMPLOYER
will  have  the right of representation of their own choosing at such hearing as
well  as the right to present and cross examine witnesses and to submit relevant
evidence.  Both  parties  shall have the right, unless waived at the hearing, to
file  a  post-hearing  brief  and  the  selected arbitrator shall not limit this
right.  Judgment  may  be  entered  on  the  arbitrator's  award in any court of
competent  jurisdiction.

The arbitrator shall have full and complete power to settle any claim presented,
including any federal or state claim of employment discrimination or retaliation
by  EXECUTIVE,  and  to  fashion an appropriate remedy.  However, the arbitrator
shall  not  have  the  power  to amend or modify this Agreement.  In any dispute
concerning  the  termination  of  EXECUTIVE,  the  arbitrator  may  not  award
reinstatement  or any other remedy unless he or she determines that EMPLOYER was
not  entitled  to  terminate EXECUTIVE under this Agreement.  Fees and costs for
the  arbitration  will be split equally between the parties; however, each party
will  be  responsible  for  their  own  attorney's  fees.

(15)     ENTIRE AGREEMENT.  This Agreement contains the entire agreement between
the  parties  hereto with respect to the subject matter hereof, and there are no
understandings,  representations  or  warranties of any kind between the parties
except  as  expressly  set  forth  herein.

<PAGE>
H:\Employment  Contracts\SVP  Contract

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(16)     NO  ORAL  NOTIFICATION.  This Agreement may not be modified except by a
writing  duly  signed  by  both  parties  hereto.

(17)     NO  ASSIGNMENT.  Neither  this Agreement nor any right or obligation of
EXECUTIVE  hereunder  may  be  assigned  by  EXECUTIVE without the prior written
consent  of  EMPLOYER.  Subject  thereto,  this  Agreement and the covenants and
conditions  herein  contained shall inure to the benefit of and shall be binding
upon  the  parties hereto and their respective successors and permitted assigns.

(18)     All  references  herein  to payment or sums of money shall mean in U.S.
currency  only. All references herein to calendar year, month, week or day shall
mean  the  calendar  and  parts  thereof  as observed in the U.S. All references
herein  to  date  and time shall mean the date and time in Nashville, Tennessee.

(19)     This  Agreement  may be executed in any number of counterparts, each of
which  shall be deemed an original and all of which shall constitute one and the
same  agreement.

(20)     The waiver by either party of a breach or default by the other party of
any provision of this Agreement shall not operate or be construed as a waiver of
any  other,  continuing  or  subsequent  breach  or  default  by  such  party.

WITNESS  our  hands  the  day  and  date  first  above  written.

EMPLOYER:                                           EXECUTIVE:
CENTRAL  PARKING  SYSTEM,  INC.

         /s/ Monroe J. Carell                     /s/ Emanuel J. Eads
        --------------------------------         -------------------------------
             Monroe J. Carell                         Emanuel J. Eads

Title:     Chairman of the Board
          ------------------------

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