Document:

EX-10.10
                              PROMISSORY NOTE

                              PROMISSORY NOTE

Principal amount $7,000.00                                  Date: May 7, 2004

     FOR VALUE RECEIVED, RMD Technologies, Inc. hereby promise to
pay to the order of Patrick A. Galliher the sum of Seven Thousand
Dollars, together with interest thereon at the rate of 1% per month on
the unpaid balance. Said sum shall be paid upon demand.

     This note shall at the option of any holder thereof be
immediately due and payable upon the occurrence of any of the
following:  1) Breach of any condition of any security interest,
mortgage, loan agreement, pledge agreement or guarantee granted as
collateral security for this note. 2) Breach of any condition of any
loan agreement, security agreement or mortgage, if any, having a
priority over any loan agreement, security agreement or mortgage on
collateral granted, in whole or in part, as collateral security for
this note. 3) Upon the death, incapacity, dissolution or liquidation
of any of the undersigned, or any endorser, guarantor to surety
hereto. 4) Upon the filing by any of the undersigned of an assignment
for the benefit of creditors, bankruptcy or other form of insolvency,
or by suffering an involuntary petition in bankruptcy or receivership
not vacated within thirty (30) days.

     In the event this note shall be in default and placed for
collection, then the undersigned agree to pay all reasonable attorney
fees and costs of collection. All payments hereunder shall be made to
such address as may from time to time be designated by any holder.

     The undersigned and all other parties to this note, whether as
endorsers, guarantors or sureties, agree to remain fully bound until
this note shall be fully paid and waive demand, presentment and
protest and all notices hereto and further agree to remain bound,
notwithstanding any extension, modification, waiver, or other
indulgence or discharge or release of any obligor hereunder or
exchange, substitution, or release of any collateral granted as
security for this note. No modification or indulgence by any holder
hereof shall be binding unless in writing; and any indulgence on any
one occasion shall not be an indulgence for any other or future
occasion. Any modification or change in terms, hereunder granted by
any holder hereof, shall be valid and binding upon each of the
undersigned, notwithstanding the acknowledgement of any of the
undersigned, and each of the undersigned does hereby irrevocably grant
to each of the others a power of attorney to enter into any such
modification on their behalf. The rights of any holder hereof shall be
cumulative and not necessarily successive. This note shall take effect
as a sealed instrument and shall be construed, governed and enforced
in accordance with the laws of the State of California.

RMD Technologies, Inc.

By: /s/  Pat Galliher
Pat Galliher, PresidentEX-10.11
                            PROMISSORY NOTE

                            PROMISSORY NOTE

Principal amount $4,000.00                             Date: June 17, 2004

     FOR VALUE RECEIVED, RMD Technologies, Inc. hereby promise to
pay to the order of Patrick A. Galliher the sum of Four Thousand
Dollars, together with interest thereon at the rate of 1% per month on
the unpaid balance. Said sum shall be paid upon demand.

     This note shall at the option of any holder thereof be
immediately due and payable upon the occurrence of any of the
following:  1) Breach of any condition of any security interest,
mortgage, loan agreement, pledge agreement or guarantee granted as
collateral security for this note. 2) Breach of any condition of any
loan agreement, security agreement or mortgage, if any, having a
priority over any loan agreement, security agreement or mortgage on
collateral granted, in whole or in part, as collateral security for
this note. 3) Upon the death, incapacity, dissolution or liquidation
of any of the undersigned, or any endorser, guarantor to surety
hereto. 4) Upon the filing by any of the undersigned of an assignment
for the benefit of creditors, bankruptcy or other form of insolvency,
or by suffering an involuntary petition in bankruptcy or receivership
not vacated within thirty (30) days.

     In the event this note shall be in default and placed for
collection, then the undersigned agree to pay all reasonable attorney
fees and costs of collection. All payments hereunder shall be made to
such address as may from time to time be designated by any holder.

     The undersigned and all other parties to this note, whether as
endorsers, guarantors or sureties, agree to remain fully bound until
this note shall be fully paid and waive demand, presentment and
protest and all notices hereto and further agree to remain bound,
notwithstanding any extension, modification, waiver, or other
indulgence or discharge or release of any obligor hereunder or
exchange, substitution, or release of any collateral granted as
security for this note. No modification or indulgence by any holder
hereof shall be binding unless in writing; and any indulgence on any
one occasion shall not be an indulgence for any other or future
occasion. Any modification or change in terms, hereunder granted by
any holder hereof, shall be valid and binding upon each of the
undersigned, notwithstanding the acknowledgement of any of the
undersigned, and each of the undersigned does hereby irrevocably grant
to each of the others a power of attorney to enter into any such
modification on their behalf. The rights of any holder hereof shall be
cumulative and not necessarily successive. This note shall take effect
as a sealed instrument and shall be construed, governed and enforced
in accordance with the laws of the State of California.

RMD Technologies, Inc.

By: /s/  Pat Galliher
Pat Galliher, PresidentExhibit 10.1

 

August 5, 2005

 

 

Ms. Ann Harten

1102 Shady Lane

Wheaton, IL  60187

 

 

Dear Ann:

 

As discussed, this letter agreement and the accompanying
Confidentiality, Proprietary Rights & Non-Solicitation Agreement (“Confidentiality
Agreement”) have been prepared in recognition of your importance to SIRVA.

 

Pursuant to this letter agreement, in the event your employment with
SIRVA and all affiliates of its affiliates is terminated by SIRVA “Without
Cause” (as defined below), SIRVA will pay to you severance pay in an amount
equal to the sum of (i) twelve months of your then current base salary
(less the amount, if any, paid or payable to you under the terms of any other
severance plan, policy, or program maintained by SIRVA), (ii) the annual
bonus under the Management Incentive Plan, if any, that would otherwise be
payable to you for the year in which your employment is terminated but for the
termination of your employment before the end of the year and bonus payment
date (prorated for the number of full or partial months worked in such year),
and (iii) the annual bonus under the Management Incentive Plan, if any,
that you earned but have not yet received for the year preceding the year in
which your employment is terminated.  The
prorated annual bonus payable under clause (ii) will be paid in a single
lump sum at the same time that the annual bonus for such year is payable to
other employees.  For purposes of
determining the amount of the payment under clause (ii), the amount of the
bonus for the year in which your employment is terminated will equal the amount
of the bonus that you would have received under the terms of the Management
Incentive Plan for such year based on actual performance for the year with
respect to corporate goals and actual performance through the date of
termination with respect to personal goals. 
The amount payable under clause (iii), if any, will be paid in a single
lump sum at the same time that such bonus is payable to all other employees.  You will be deemed to “earn” an annual bonus
payable under clause (iii) above for a year if you are employed by SIRVA
or one of its affiliates on December 31 of such year and would otherwise
be entitled to payment of the bonus under the Management Incentive Plan but for
the termination of your employment before the bonus payment date.

 

The amount payable under clause (i) of the preceding paragraph
will be paid in the form of salary continuation over a twelve (12) month period
commencing at your termination of employment; provided, however, that if SIRVA’s
independent auditor concludes that such salary continuation payments are likely
to be treated as deferred compensation that is subject to the requirements of Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”), and that such payments
are unlikely to satisfy the distribution provisions of Code Section 409A(a)(2) and
applicable rules, regulations and other guidance of general applicability
issued thereunder, SIRVA will pay the severance to you, less applicable payroll
taxes and withholding, in accordance with either (A) or (B) below, as
applicable:

 

(A)          1/12th
each month during the calendar year in which your termination occurs and the
balance no later than the December 31 immediately following or concurrent
with the date of your termination; or

 

(B)           If
a transition period for complying with Code Section 409A is provided in
IRS or Treasury guidance of general applicability and the last day of such
transition period is after the December 31 immediately following or
concurrent with your termination of employment, then 1/12th each month during
the calendar year in which your termination occurs and during any subsequent
transition period (but in no event for more than 12 months) and the balance, if
any, no later than the last day of such transition period.

 

 

Notwithstanding the foregoing, no severance benefits (including the
special bonus treatment described in clauses (ii) and (iii) of the
second paragraph) will be due under this letter agreement if your employment
terminates in connection with a sale, merger or other corporate transaction, if
you accept an offer of employment from the purchaser or SIRVA or an affiliate
in connection with the transaction or receive an offer of employment for a
comparable position from the purchaser or SIRVA or an affiliate in connection
with the transaction, or if you fail to execute a general release of claims in
a form satisfactory to SIRVA.  SIRVA may
not amend, modify or revoke the severance benefits provided in this letter
agreement without your consent unless it gives you twelve months advance
written notice of the amendment, modification or revocation of such severance
benefits.

 

For purposes of this letter agreement, the term “Without Cause” means a
termination of your employment by SIRVA for reasons other than (i) the
continued willful failure to substantially perform the duties and obligations
of your employment (other than any such failure due to a physical or mental
illness), (ii) willful and serious misconduct that has caused or is
reasonably expected to result in material injury to SIRVA or any of its
affiliates, (iii) conviction of, or entering a plea of guilty or nolo
contendere to, a crime that constitutes a felony or (iv) the willful or
material breach of any of your obligations under the accompanying
Confidentiality Agreement.

 

To be eligible for the enhanced severance described in this letter
agreement, you must sign and return by August 12, 2005 both this letter
agreement and the Confidentiality Agreement, and must comply with the Confidentiality
Agreement’s terms.

 

This letter agreement has been prepared in duplicate.  You should countersign and date both copies,
as well as both copies of the accompanying Confidentiality Agreement, and then
return one set of executed originals to my attention.  If you have any questions, please let me
know.

 

Sincerely,

 

 

	
  /s/ Todd Schorr

  	
   

  
	
  Todd Schorr

  	
   

  
	
  Senior VP Human Resources

  
	
   

  
	
   

  
	
  ACCEPTED AND AGREED:

  
	
   

  
	
   

  
	
  /s/ Ann Harten

  	
   

  
	
  Ann Harten

  	
   

  
	
   

  	
   

  
	
  September 15, 2005

  	
   

  
	
  Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]