Document:

EXHIBIT 10.17
                                                                   -------------

                         DEFERRED COMPENSATION AGREEMENT
                         -------------------------------

         THIS DEFERRED COMPENSATION AGREEMENT, (the "Agreement") is made and
entered into on January 10, 2000 by and between LEUCADIA NATIONAL CORPORATION, a
New York corporation (the "Company"), and Mark Hornstein (the "Executive"),
collectively the parties ("Parties").

                                   WITNESSETH:
                                   -----------

         WHEREAS, Executive is employed by the Company as Vice President ; and

         WHEREAS, in connection with the provisions of services to the Company
in his capacity as Vice President the Executive desires to defer the receipt of
certain compensation from the Company to which in the future he may become
entitled, and the Company agrees to do so, in accordance with the terms and
provisions herein contained;

         NOW, THEREFORE, in consideration of the premises and the mutual
convenants and agreements herein contained, the Parties hereby agree as follows:

         1.       Deferral of Payments.

         The Company shall defer the payment of 50% of bonus compensation that
may be awarded to the Executive by the Company from and after the date of this
Agreement through the end of the calendar year 2000. The Executive acknowledges
that the Company is under no obligation to award any bonus to the Executive and
that the award of any bonus, as well as the amount of any bonus that may be
awarded, remains fully discretionary with the Company.

         Each deferred payment shall accrue simple interest (on the basis of a
360-day year), from the first day of the month immediately following the date on
which payment otherwise would have been made if no deferral had existed (the
"First New Month Date") until the date of actual payment, at a rate of interest
equal to the 1-year Treasury bill rate in effect at each First New Month Date,
and the rate of interest shall be reset on the first day of each subsequent
quarter. For purposes hereof, the quarters shall begin January 1, April 1, July
1, and October 1.

         All amounts deferred pursuant to this Agreement shall be paid to the
Executive in two equal installments, plus accrued interest thereon, on the first
business day in January 2003 and 2004. Notwithstanding the preceding sentence,
to the extent that the aggregate deferred payments hereunder (including
interest) exceed the maximum annual amount deductible as compensation by the
Company under applicable U.S. federal tax laws, the Company may make such
payments in two or more installments in different taxable years to permit the
Company to obtain the maximum annual deduction available.

NY2:\867702\02\76830.0146
<PAGE>

         The rights of the Executive to the payment of the amounts pursuant to
this Agreement shall be no greater than the rights of an unsecured general
creditor of the Company and may not be assigned, pledged or otherwise
transferred by him during his lifetime to any person, whether by operation or
law or otherwise, and shall not be subject to execution, attachment or similar
proceeding. By written notice delivered to the Company, the Executive may
designate (or change a prior designation of) one or more beneficiaries (or his
estate) to receive payment hereunder in the event of his death.

         2. Withholding.

         The Executive acknowledges and agrees that the Company shall be
entitled to withhold from his compensation all federal, state, local or other
taxes which the Company determines are required to be withheld on amounts
payable to the Executive pursuant to this Agreement or otherwise. The Executive
further agrees to indemnify the Company and hold it harmless from and against
any and all taxes (and penalties hereon) and interest with respect thereto
arising out of the Executive's failure to pay fully his tax liability on such
deferred payment pursuant to any present or future law, regulation or ordinance
of the United States of America or any state, city or municipality therein.

         3. Governing Law.

         This Agreement shall be governed by and construed in accordance with
the laws of the State of New York.

         4. Entire Agreement.

         This Agreement constitutes the entire agreement between the Parties
hereto with respect to the subject matter hereof and supersedes all prior
agreements, understandings and arrangements, both oral and written, between the
Parties hereto with respect to such subject matter. This Agreement may not be
modified in any manner, execute by a written instrument signed by both the
Company and the Executive.

         5. Notices.

         Any notice required or permitted to be given under this Agreement shall
be in writing and shall be deemed to have been duly given when delivered by hand
or facsimile transmission or when deposited in the United States mail by
registered or certified mail, return receipt requested, postage prepaid, as
follows:

If to the Company:              Leucadia National Corporation
                                315 Park Avenue South
                                New York, NY 10010

                                Attention:  Chief Financial Officer

                                       2
<PAGE>

with a copy to:                 Weil, Gotshal & Manges LLP
                                767 Fifth Avenue
                                New York, New York 10153
                                Attention:  Stephen E. Jacobs

If to Executive:                Mark Hornstein
                                25 Sutton Place South
                                New York, New York 10022

         or to such other addresses as either the Company or the Executive may
from time to time specify to the other.

         6. Notice of Termination; Applicability of Agreement.

         Amounts deferred pursuant to this Agreement shall be paid to the
Executive only as provided herein. At any time, by notice in writing from the
Executive to the Company, the Executive may terminate this Agreement whereupon
any compensation earned by the Executive subsequent to such notification shall
not be subject to the provisions hereof. Amounts earned prior to any such
notification shall remain subject to the terms hereof even after such
termination.

         7. Benefit; Binding Effect.

         This Agreement shall be for the benefit of any binding upon the Parties
hereto and their respective heirs, personal representatives, legal
representatives, successors and, where applicable, assigns.

         IN WITNESS WHEREOF, the Parties hereto have executed and delivered this
Agreement as of the day and year first above written.

                                   LEUCADIA NATIONAL CORPORATION

                                   By: /s/ Joseph A. Orlando
                                      ----------------------
                                      JOSEPH A. ORLANDO

                                      /s/ Mark Hornstein
                                      ------------------
                                      MARK HORNSTEIN

                                       3EXHIBIT 10.1
                              PROGINET CORPORATION

             CONFIDENTIAL INFORMATION AND NON-COMPETITION AGREEMENT
                                 FOR CONSULTANTS

THIS AGREEMENT is made and entered into this _____ day of _______________, ____,
by and between PROGINET  CORPORATION.,  a Delaware corporation  ("PROGINET") and
____________________,                         residing                        at
________________________________________________ ("Consultant").

BACKGROUND
----------

PROGINET   is  in   the   business   of   conceiving,   acquiring,   developing,
commercializing,  marketing,  and selling  and/or  licensing  computer  software
programs  and  providing  services  to  facilitate  and  enhance the use of such
programs by its customers.

As a consultant of PROGINET,  PROGINET will disclose to Consultant  considerable
confidential,   proprietary,  and  trade  secret  information  relating  to  the
developments,  products,  markets, and customers of PROGINET,  all of which were
obtained at great effort and expense to PROGINET;

PROGINET will provide  information to the  Consultant  relating to the products,
markets, and customers of PROGINET. Such information will include the disclosure
to the Consultant of confidential,  proprietary, and trade secret information of
PROGINET and its customers, and suppliers and will make the Consultant extremely
valuable to competitors of PROGINET; and

As  a  condition  of  Consultant's   acceptance  of  assignment  with  PROGINET,
Consultant agrees to the non-competition and confidentiality covenants contained
herein,   and  recognizes  that  such  covenants  are  essential  to  PROGINET's
legitimate business interests.

NOW, THEREFORE, with the intent to be legally bound hereby, the parties agree as
follows:

1.       PROTECTION OF CONFIDENTIAL INFORMATION; RESTRICTIONS ON ACTIVITIES.

         A.       Consultant  recognizes  and  acknowledges  that he or she will
                  perform unique  services for PROGINET as assigned from time to
                  time by PROGINET.  While  performing  such services,  PROGINET
                  will provide  Consultant  with, or Consultant will have access
                  to confidential,  proprietary, and trade secret information of
                  PROGINET,  all of which were  obtained  by  PROGINET  at great
                  effort and expense.  Such  information  must be  maintained in
                  confidence  by  Consultant  to  protect   PROGINET's  and  its
                  customers   and   suppliers   legitimate   interests   in  its
                  investments  and its business.  Consultant  acknowledges  that
                  these restrictions are required for the reasonable  protection
                  of PROGINET,  and for PROGINET's reliance on the confidence in
                  Consultant.

         B.       Consultant  recognizes and acknowledges that the confidential,
                  proprietary,   and  trade  secret   information  of  PROGINET,
                  including (without limitation)  information regarding PROGINET
                  inventions,   discoveries,   acquisitions,   product  designs,
                  product  improvements,  product  flow  charts,  file  layouts,
                  formulas,  equipment,  marketing and business plans,  methods,
                  research,  source codes, object codes,  program  documentation
                  and  related  user  information   manuals,   as  well  as  its
                  confidential  customer  information,  including customer lists
                  and pricing policies (hereinafter referred to as "Confidential
                  Information"),  are valuable, special, and unique assets which
                  are  owned  by  PROGINET,   and,   along  with   confidential,
                  proprietary,  and trade secret information  disclosed by third
                  parties to  PROGINET,  are  regularly  used in the business of
                  PROGINET.  Consultant will not (except with  PROGINET's  prior
                  written  consent),  while  providing  services  to PROGINET or
                  thereafter,  directly  or  indirectly,  disclose  or

                                      -1-
<PAGE>

                  allow the  disclosure of any  Confidential  Information to any
                  person, firm, corporation,  association, government (except as
                  required  by law),  or other  entity for any reason or purpose
                  whatsoever, nor shall Consultant, directly or indirectly, make
                  use of any such  Confidential  Information  for his or her own
                  purposes or for the benefit of any person, firm,  corporation,
                  association,  or other  entity  (except  PROGINET)  under  any
                  circumstances.  During  the  term  of his  or her  assignment,
                  Consultant  shall,  at the request of  PROGINET,  execute such
                  assignments,  certificates,  or other  instruments as PROGINET
                  may from time to time deem necessary or desirable to evidence,
                  maintain,  perfect,  protect,  enforce,  or defend its rights,
                  title   and   interests   in  or  to  any  such   Confidential
                  Information.

         C.       Consultant   agrees  that  all  software   developed  and  all
                  Confidential  Information relating to PROGINET's business that
                  Consultant  shall use or  prepare  or come into  contact  with
                  shall  remain the sole and  exclusive  property  of  PROGINET.
                  Consultant further agrees to deliver such property to PROGINET
                  immediately  at the earlier of the  termination  of his or her
                  assignment by PROGINET or at the request of PROGINET.

2.       NON-COMPETITION BY CONSULTANT.

                  During  the term of  Consultant's  assignment  with  PROGINET,
                  Consultant  shall not,  directly or  indirectly,  either as an
                  consultant,  employer,  consultant, agent, principal, partner,
                  stockholder  (of more than one percent (1%) of the outstanding
                  capital stock),  corporate officer,  director, or in any other
                  individual or representative  capacity,  engage or participate
                  in  any  business  that  is  in  competition,  in  any  manner
                  whatsoever, with the business of PROGINET.

3.       RESTRICTIONS ON POST-ASSIGNMENT ACTIVITIES.

         A.       Consultant  recognizes that the limited protection afforded to
                  PROGINET  by the  covenants  contained  in this  Section 3 are
                  based upon the following:

                  (1)      PROGINET  has  expended  and will  continue to expend
                           substantial time, money, and effort in developing and
                           acquiring (i) computer  software programs and related
                           user information manuals and the expertise to produce
                           such in which the designs,  source and object  codes,
                           manuals,   and   specifications  are  valuable  trade
                           secrets,  and (ii) a valuable  list of customers  and
                           information about their technical problems and needs,
                           computer  software  purchasing and licensing  habits,
                           idiosyncrasies,   and  internal   computer   software
                           purchasing  and licensing  procedures  which are also
                           trade  secrets of PROGINET,  and (iii)  goodwill with
                           its customers and in the computer  products  industry
                           and business community in general;

                  (2)      Consultant   will,  in  the  course  of  his  or  her
                           assignment,   be  personally  entrusted  with  and/or
                           exposed to Confidential Information;

                  (3)      PROGINET, during the term of this Agreement and after
                           its termination, will be engaged on a worldwide basis
                           in the highly  competitive  computer software program
                           industry  and  computer   software  program  services
                           industry  in which many  firms,  including  PROGINET,
                           compete;

                  (4)      PROGINET  will  further   develop  its   substantial,
                           worldwide  computer  software  business  through  the
                           development  and  acquisition  of  certain   patents,
                           copyrights,  technology, and associated trade secrets
                           and know-how, relating to computer software programs;

                  (5)      Consultant  could  become a  competitor  of  PROGINET
                           after  having  access  to  PROGINET's   training  and
                           experience,  financial records,  contracts,  patents,
                           copyrights,   computer   software   technology,   and
                           Confidential Information;

                                      -2-
<PAGE>

                  (6)      PROGINET may suffer great loss and  irreparable  harm
                           if   Consultant's   assignment   with   PROGINET   is
                           terminated and thereafter he or she entered, directly
                           or indirectly, into competition with PROGINET.

         B.       In consideration of both the payments and benefits provided to
                  Consultant   as  a  consultant  of  PROGINET  and  under  this
                  Agreement,  as well as the wide access  PROGINET will grant to
                  Consultant to review and become familiar with the Confidential
                  Information, Consultant agrees that during and for a period of
                  three (3) years after termination of his or her assignment, no
                  matter what the cause of that termination, he or she shall not
                  for  any  reason,  directly  or  indirectly,   whether  as  an
                  employee,  consultant,  partner,  proprietor or investor,  for
                  himself or on behalf of, or in  conjunction  with any  person,
                  partnership,  or  corporation  do  any  one  or  more  of  the
                  following:

                  (1)      Install or base any proprietary  software of proginet
                           nor engage in the marketing, solicitation, licensing,
                           or selling of any product or service  which  performs
                           functions  the  same  as,  similar  to,  or  directly
                           competitive with, those being marketed,  licensed, or
                           sold by PROGINET at the time of such  termination  to
                           any  customer of  PROGINET  during the three (3) year
                           period   prior   to   Consultant's   termination   of
                           assignment, without Proginets written consent.

                  (2)      Use any Confidential Information that was acquired by
                           Consultant  as an consultant of PROGINET (i) in order
                           to acquire a  competitive  advantage,  or (ii) in any
                           manner such that it would have a  detrimental  effect
                           upon PROGINET's business.

                  (3)      Engage in any  activity  for the purpose of inducing,
                           encouraging,   offering,   or   arranging   for   the
                           assignment   or   engagement  by  anyone  other  than
                           PROGINET of any consultant, officer, director, agent,
                           consultant,  or sales  representative  of PROGINET or
                           attempt to engage any of them in a manner which would
                           deprive PROGINET of their services or place them in a
                           conflict of interest with PROGINET.

         C.       PROGINET and Consultant  agree that Consultant may continue to
                  provide his or her  services to other  third  parties  without
                  interruption,  after  his or  her  termination  from  PROGINET
                  without  limitation  except that he or she shall not  disclose
                  information as provided for herein, nor directly or indirectly
                  compete  with  PROGINET  as provided  for herein.  However the
                  parties agree that the Consultant shall be free to provide his
                  or her services to the companies  listed on Schedule I, if any
                  which shall not be deemed  competition with PROGINET,  if said
                  Schedule I is signed at this time by a duly authorized officer
                  of PROGINET.

         D.       PROGINET and Consultant  agree that the covenants set forth in
                  this  Agreement  shall  accrue  to the  benefit  of  PROGINET,
                  irrespective  of any reason for  termination  of  Consultant's
                  assignment,  or  Consultant's  performance as an consultant of
                  PROGINET and that termination of this Agreement for any reason
                  shall not terminate Consultant's obligations hereunder.

         E.       The  parties  acknowledge  that they have  attempted  to limit
                  Consultant's  activities  only  to  the  extent  necessary  to
                  protect PROGINET's  legitimate  interests.  Consequently,  the
                  parties hereby agree that, if the scope or  enforceability  of
                  the  covenants  contained  in  this  Agreement  are in any way
                  disputed  at any  time,  a court  or  other  trier of fact may
                  modify  and  enforce  the  covenants  to the  extent  that  it
                  believes to be reasonable under the circumstances  existing at
                  that time.

4.       DISCLOSURE OF INFORMATION TO PROGINET.

                                      -3-
<PAGE>

         A.       Consultant  further  agrees  that  he or  she  shall  not  (i)
                  disclose to PROGINET or its  consultants  or otherwise  use in
                  connection with  Consultant's  assignment  with PROGINET,  any
                  confidential   information   obtained   by   Consultant   from
                  Consultant's   prior  employers  or  other  persons  for  whom
                  Consultant was a consultant or (ii) in any other manner breach
                  their terms of any such  agreement or  understanding  with any
                  such prior employer or other person.

         B.       Consultant agrees that all technology, proposes

                                      -4-
<PAGE>

5.       FEDERAL REGULATIONS.

         Consultant  shall  comply with  United  States  Government  regulations
         applicable  to  contracts  between the  agencies  of the United  States
         Government (or their  contractors)  and PROGINET which relate either to
         patent rights or to the  safeguarding of information  pertaining to the
         defense of the United States.

6.       NOTICE TO SUBSEQUENT EMPLOYERS.

         Consultant  agrees that upon  termination of his or her assignment,  no
         matter  what the cause of that  termination,  he or she will notify any
         new  employer,  partner,  associate,  or  any  other  person,  firm  or
         corporation  with whom  Consultant  becomes  associated in any business
         capacity whatsoever,  of the provisions of this Agreement, and PROGINET
         may give similar notice thereof.

7.       NOTICE OF PREVIOUS AGREEMENTS.

         Consultant confirms that he/she is not a party to or otherwise bound by
         any other agreement restricting the use of information, confidential or
         otherwise,  in the possession of Consultant or relating to the transfer
         of any invention to any person or entity other than PROGINET.

8.       NOTICE.

         Any notice  required  under this  Agreement  shall be given in writing.
         Notice  to  the  Consultant   shall  be  (i)  delivered  in  person  to
         Consultant,  or (ii) sent by a recognized  air courier to  Consultant's
         residence as  reflected on the records of PROGINET.  Notice to PROGINET
         shall be sent by a  recognized  air  courier  to  PROGINET's  principal
         office.

9.       INJUNCTIVE RELIEF.

         Consultant  acknowledges  and agrees that it would be difficult and may
         be impossible to fully compensate  PROGINET for damages  resulting from
         the breach or threatened  breach of the  provisions of this  Agreement,
         and accordingly agrees that PROGINET shall be entitled to temporary and
         injunctive relief, including temporary restraining orders,  preliminary
         injunctions,  and permanent  injunctions to enforce such  provisions in
         any  actions  or  proceedings  instituted  in any  court  of  competent
         jurisdiction.  This provision  with respect to injunctive  relief shall
         not, however, diminish PROGINET's right to claim and recover damages.

10.      DEFENSES.

         The  existence  of any claim or cause of action by  Consultant  against
         PROGINET,  whether predicated on this Agreement or otherwise, shall not
         constitute a defense to the  enforcement  by PROGINET of the  covenants
         made by Consultant herein.

11.      WAIVER.

         The failure of PROGINET to object to any conduct in violation of any of
         the covenants made by Consultant herein shall not be deemed a waiver by
         PROGINET,  but PROGINET may, if it wishes,  specifically waive any part
         or all of those  covenants  to the extent that such waiver is set forth
         in writing duly authorized by an officer of PROGINET.

                                      -5-
<PAGE>

12.      GOVERNING LAW.

         The parties agree that this Agreement shall be interpreted and enforced
         in accordance with the laws of the State of New York,  exclusive of its
         provisions  relating to conflicts of laws. In addition,  the Consultant
         and PROGINET  hereby submit to the  jurisdiction  of the federal and/or
         state courts,  as the case may be, sitting in Nassau County,  New York,
         in  connection  with  any  action  arising  from  or  relating  to  the
         enforcement,  interpretation  or  application  of  the  terms  of  this
         Agreement.

13.      ASSIGNMENT.

         The  parties  agree  that  PROGINET  may  assign  Consultant  to render
         services  to a  subsidiary  or any  other  related  company  and in all
         events,  the  obligations  contained  herein with respect to Consultant
         shall apply to PROGINET,  its  subsidiaries,  and any other  company in
         which  PROGINET  shall  have  a  majority  interest.  Nothing  in  this
         Agreement shall preclude PROGINET 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 PROGINET  hereunder.  Upon such a  consolidation,
         merger,  or transfer of assets and  assumption,  the term "PROGINET" as
         used herein shall mean such other  corporation and this Agreement shall
         continue  in full  force and  effect.  The  obligations  and  duties of
         Consultant  hereunder shall be personal and not assignable or delegable
         by Consultant in any manner whatsoever.

14.      SEVERABILITY.

         In the event  that any  portion of this  Agreement  shall be held to be
         invalid or  unenforceable,  it is agreed that the same shall not affect
         any other portion of this  Agreement,  but that the remaining terms and
         conditions  or portions  thereof shall remain in full force and effect,
         and that if any aspect of the  restrictive  covenants of this Agreement
         shall  nevertheless be effective for such period of time and such areas
         as  may  be  determined  to  be  reasonable  by a  Court  of  competent
         jurisdiction.

15.      FINAL AGREEMENT.

         This Agreement supersedes any previous oral or written  communications,
         representations,  understandings,  or  agreements  between  the parties
         relating to the subject matter hereof.

         No  alterations,  amendments,  changes,  or additions to this Agreement
         shall be binding upon either party unless reduced to writing and signed
         by both parties.

16.      ASSIGNMENT-AT-WILL.

         The  Consultant  should be aware  that the  policies  and  programs  of
         Proginet  may be  amended  at any time,  and that,  depending  upon the
         particular  circumstances of a given situation,  Proginet's actions may
         vary  from  written  policy.  As  such,  the  contents  of any  policy,
         procedures,  or  other  documents,  DO NOT  CONSTITUTE  THE  TERMS OF A
         CONTRACT OF Assignment.  Nothing  contained in this document  should be
         construed as a guarantee of continued  assignment.  Rather,  assignment
         with the Company is solely based upon the terms mutually agreed to in a
         written  agreement  between the parties." Any written or oral statement
         to the contrary by a  supervisor,  corporate  officer or other agent of
         Proginet is invalid and should not be relied upon by any  consultant or
         applicant for assignment.

         THIS AGREEMENT IS NOT A CONTRACT FOR Assignment OF THE Consultant.

                                      -6-
<PAGE>

IN WITNESS  WHEREOF,  the parties  intending to be legally bound hereby have set
their  hands  and seals  hereto on the day and year  first  above  written,  and
Consultant hereby acknowledges receipt of a copy of this Agreement.

WITNESS:                           PROGINET CORPORATION

________________________________   _______________________________________(Seal)
                                           (Company Official)

WITNESS:

________________________________   Name:__________________________________(Seal)
                                               (Consultant)

                                      -7-
<PAGE>

                                  SCHEDULE "A"

                                   INVENTIONS
                                MADE OR CONCEIVED
                               PRIOR TO ASSIGNMENT
                               -------------------

WITNESS:                           PROGINET CORPORATION

________________________________   _______________________________________(Seal)
                                           (Company Official)

WITNESS:

________________________________   Name:__________________________________(Seal)
                                               (Consultant)

                                      -8-
<PAGE>

                                  SCHEDULE "B"

                        DISCLOSURE OF PREVIOUS AGREEMENTS
                        ---------------------------------

A list and  description of all  obligations or agreements of the Consultant made
prior  to the  date of this  Agreement  concerning  protection  of  confidential
information and non-competition made by the Consultant.

WITNESS:                           PROGINET CORPORATION

________________________________   _______________________________________(Seal)
                                           (Company Official)

WITNESS:

________________________________   Name:__________________________________(Seal)
                                               (Consultant)

                                      -9-

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