Document:

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                                                                    Exhibit 10.1
                                                                  EXECUTION COPY
                                                                  --------------

                            SHAREHOLDER'S AGREEMENT

     This Shareholder's Agreement (this "Agreement") is made and entered into as
of August 20, 2001, by and among Keane, Inc., a Massachusetts corporation
("Keane"), Veritas Acquisition Corp., a Virginia corporation and a wholly owned
subsidiary of Keane (the "Transitory Subsidiary"), and the undersigned holder
(the "Shareholder") of the shares of voting Common Stock, $0.01 par value per
share, of Metro Information Services, Inc., a Virginia corporation ("Metro"),
set forth on the signature page hereto (such number of shares, together with any
additional shares that become subject to this Agreement in accordance with
Section 1.4(b) hereof, the "Shares").

                                    RECITALS

  A.  Concurrently with the execution of this Agreement, Keane, Metro and the
Transitory Subsidiary have entered into an Agreement and Plan of Merger (the
"Merger Agreement") that provides for the merger (the "Merger") of the
Transitory Subsidiary with and into Metro.  Pursuant to the Merger, shares of
capital stock of Metro will be converted into the right to receive shares of
common stock, $0.10 par value per share, of Keane ("Keane Common Stock") and
cash in lieu of fractional shares as described in the Merger Agreement.

  B.  The Shareholder is the record holder and beneficial owner of the Shares,
representing at least 40% of the outstanding shares of Metro Common Stock.  For
purposes of this Agreement, "beneficial ownership" shall have the meaning given
to such term in Rule 13d-3 under the Securities Exchange Act of 1934, as amended
(the "Exchange Act").

  C.  Keane desires the Shareholder to agree, and the Shareholder is willing to
agree, (i) not to transfer or otherwise dispose of any of the Shares prior to
the Expiration Date (as defined in Section 1.1 below) and (ii) to vote the
Shares so as to facilitate consummation of the Merger.

     NOW, THEREFORE, intending to be legally bound, the parties agree as
follows:

1.  Agreement to Retain and Vote Shares.
    -----------------------------------

  1.1  Transfer and Encumbrance.  The Shareholder agrees not to transfer (except
as may be specifically required by court order), sell, exchange, pledge or
otherwise dispose of or encumber any of the Shares or to make any offer or
agreement relating thereto, at any time prior to the Expiration Date.  As used
herein, the term "Expiration Date" shall mean the earlier to occur of:  (a) such
date and time as the Merger shall become effective in accordance with the terms
and provisions of the Merger Agreement (provided that nothing contained herein
shall release the Shareholder from any of his obligations set forth under the
Affiliate Agreement (as defined in the Merger Agreement)) and (b) such date as
the Merger Agreement is terminated pursuant to Section 8.1 thereof.

  1.2  Agreement to Vote Shares. From the date hereof until the Expiration Date,
at every meeting of the shareholders of Metro called with respect to the Merger
Agreement and the Plan of Merger (as defined in the Merger Agreement) and/or the
Merger, and at every adjournment or postponement thereof, and on every action or
approval by unanimous written consent of the shareholders of Metro with respect
to the Merger Agreement, the Plan of Merger and/or the Merger, the Shareholder
shall vote the Shares in favor of adoption and approval of the Merger Agreement,

                                       1
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the Plan of Merger and any matter that could reasonably be expected to
facilitate the Merger. The Shareholder agrees not to take any actions contrary
to his obligations under this Agreement.

  1.3  Irrevocable Proxy. Concurrently with the execution of this Agreement, the
Shareholder agrees to deliver to Keane a proxy in the form attached hereto as
Exhibit A (the "Proxy"), which shall be coupled with an interest and
irrevocable, with the number of shares of capital stock of Metro beneficially
owned by the Shareholder and subject to the Proxy set forth therein.

  1.4  Representations, Warranties and Covenants of the Shareholder.  The
Shareholder hereby represents, warrants and covenants to Keane as follows:

       (a)  Ownership of Shares; Authority. The Shareholder (i) is the record
   and beneficial owner of the Shares, which at the date hereof and at all times
   up until the Expiration Date will be free and clear of any liens, claims,
   options, charges or other encumbrances; and (ii) has full power and authority
   to make, enter into and carry out the terms of this Agreement and the Proxy.
   In addition, in the case of a Shareholder that is a trust, the trustees of
   such Shareholder have full power and authority to make, enter into and carry
   out the terms of this Agreement and the Proxy.

       (b)  Ownership Percentage. The Shareholder represents and warrants that
   the Shares represent 40% of the outstanding shares of Metro Common Stock as
   of the date of this Agreement. The Shareholder further acknowledges and
   agrees that if at any time and from time to time from the date of this
   Agreement until the Expiration Date, the Shares represent less than 40% of
   the outstanding shares of Metro Common Stock, this Agreement shall be deemed
   to be amended as of such time such that the number of Shares subject to this
   Agreement shall be increased to the number of shares of Metro Common Stock
   constituting 40% of the outstanding shares of Metro Common Stock.

        (c)  No Conflicts or Consents. The execution and delivery of this
   Agreement and the Proxy by the Shareholder do not, and the performance by the
   Shareholder of his obligations under this Agreement and the Proxy will not:
   (i) conflict with or violate any law, rule, regulation, order, decree or
   judgment applicable to the Shareholder or by which its properties are bound
   or affected; (ii) in the case of a Shareholder that is a trust, conflict with
   or violate any trust document applicable to the Shareholder or by which its
   properties are bound or affected; or (iii) result in or constitute any breach
   or default under, or give any person or entity rights of termination,
   amendment or acceleration in, the creation of an encumbrance or restriction
   applicable to any of the Shares.

        (d)  Governmental Filings. The Shareholder agrees to cooperate and to
   use his commercially reasonable efforts to obtain any governmental clearances
   or approvals for the consummation of the Merger under the Hart-Scott-Rodino
   Antitrust Improvements Act of 1976, as amended, and any other federal, state
   or foreign law or regulation or decree designed to prohibit, restrict or
   regulate actions for the purpose or effect of monopolization or restraint of
   trade and to respond to any government requests for information relating to
   such antitrust laws.

                                       2
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        (e) Transfer of Voting Rights. The Shareholder agrees that, until the
   Expiration Date, the Shareholder shall ensure that: (i) none of the Shares
   are deposited into a voting trust and (ii) no proxy is granted, and no voting
   agreement or similar agreement is entered into, with respect to the Shares.

        (f) No Proxy Solicitations. From the date of this Agreement until the
   Expiration Date, the Shareholder, in his capacity as a shareholder of Metro,
   will not, and will not permit any individual or entity under the
   Shareholder's control to: (i) solicit proxies with respect to (A) an approval
   of any proposal made in opposition to or competition with consummation of the
   Merger, (B) the adoption of any merger agreement or approval of any merger,
   consolidation, sale of assets, reorganization or recapitalization with any
   party other than with Keane and Keane's affiliates (as defined in Rule 405 of
   the Securities Act of 1933, as amended) ("Affiliates") or (C) any liquidation
   or winding up of Metro (each of the foregoing is hereinafter referred to as
   an "Opposing Proposal"); (ii) encourage or assist any party in taking or
   planning any action that would compete with, restrain or otherwise serve to
   interfere with or inhibit the timely consummation of the Merger in accordance
   with the terms of the Merger Agreement; (iii) initiate a shareholders' vote
   or action by consent of Metro shareholders with respect to an Opposing
   Proposal; or (iv) become a member of a "group" (as such term is used in
   Section 13(d) of the Exchange Act) with respect to any voting securities of
   Metro with respect to an Opposing Proposal.

        (g) Additional Documents. The Shareholder hereby covenants and agrees to
   execute and deliver any additional documents necessary or desirable, in the
   reasonable opinion of Keane, to carry out the intent of this Section 1.

  1.5  Consent and Waiver.  The Shareholder hereby gives any consents or waivers
that are reasonably required for the consummation of the Merger under the terms
of any agreements to which the Shareholder is a party as a shareholder or
pursuant to any rights the Shareholder may have as a shareholder.

  1.6  Fiduciary Duty as Director of Metro.  The parties hereto acknowledge and
agree that the Shareholder's obligations under this Section 1 are solely in his
capacity as a shareholder of Metro, and that none of the provisions in this
Section 1 shall be deemed to restrict or limit any fiduciary duty that the
Shareholder or any of his Affiliates may have as a member of the Board of
Directors of Metro; provided that no such duty shall excuse the Shareholder from
his obligations as a shareholder of Metro to vote the Shares as herein provided
and to otherwise comply with the terms and conditions of this Agreement.

  1.7  Lock-Up Agreement.  The Shareholder shall not, during any 90 day period
commencing on the Closing Date (as defined in the Merger Agreement), transfer,
or permit any of his Affiliates to transfer, shares of Keane Common Stock or
other Keane securities held by the Shareholder  and such Affiliates
representing, in the aggregate, more than 1% of the then outstanding shares of
Keane Common Stock.  Keane may impose stop-transfer instructions with respect to
shares of Keane Common Stock or other securities subject to the foregoing
restriction.

  1.8  Finder's Fees.  No investment banker, broker or finder is entitled to a
commission or fee from Keane, Transitory Subsidiary or Metro in respect of this
Agreement based upon any arrangement or agreement made by or on behalf of the
Shareholder.

                                       3
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  2.  Representations and Warranties of Keane.  Keane represents and warrants to
the Shareholder that Keane has all requisite corporate power and authority to
enter into this Agreement and to perform its obligations hereunder.  The
execution, delivery and performance by Keane of this Agreement and the
consummation by Keane of the transactions contemplated hereby have been duly
authorized by the Board of Directors of Keane, and no other corporate action on
the part of Keane is necessary to authorize the execution, delivery or
performance by Keane of this Agreement and the consummation by Keane of the
transactions contemplated hereby.  This Agreement has been duly executed and
delivered by Keane and is a valid and binding agreement of Keane, enforceable
against it in accordance with its terms, except as enforcement may be limited by
bankruptcy, insolvency, moratorium or other similar laws relating to creditors'
rights generally.

3.  Nomination of the Shareholder to the Keane Board of Directors.
    -------------------------------------------------------------

  3.1 Nomination Right. Prior to or at the Effective Time, the Shareholder shall
have the right to be nominated to the Keane Board of Directors (the "Keane
Board") effective as of the Effective Time and at each meeting of stockholders
of Keane, as the case may be, at which directors are to be elected. The Keane
Board shall, subject to its fiduciary duties under applicable law, cause the
Shareholder to be nominated and recommended for election to the Keane Board at
the Effective Time and at all meetings of stockholders of Keane at which
directors are to be elected following the Effective Time.

  3.2 Number of Directors. Subject to its fiduciary duties under applicable law,
the Keane Board shall not, in connection with its nomination of individuals to
be submitted to Keane's stockholders for election to the Keane Board, cause the
total number of director seats on the Keane Board to be considered and filled by
Keane stockholders to be decreased to a number less than that equal to the
number of director nominees nominated and recommended for election by the Keane
Board. For the avoidance of doubt, the Keane Board need not take into account
any director nominees proposed by Keane's stockholders when determining the
number of director seats on the Keane Board.

  3.3 Termination. The rights granted to the Shareholder and the obligations of
Keane pursuant to this Section 3 shall terminate on the date on which the
Shareholder, together with his Affiliates, ceases, following the Effective Time,
to beneficially own 4% or more of the outstanding shares of Keane Common Stock.

4.  Miscellaneous.
    -------------

  4.1  Severability.  If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable, then the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

  4.2  Binding Effect and Assignment.  This Agreement and all of the provisions
hereof shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns, but, except as otherwise
specifically provided herein, neither this Agreement nor any of the rights,
interests or obligations of the Shareholder may be assigned by the Shareholder
without prior written consent of Keane.

                                       4
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  4.3  Expenses.  All costs and expenses incurred in connection with this
Agreement shall be paid by the party incurring such cost or expense.

  4.4  Specific Performance; Injunctive Relief.  The parties hereto acknowledge
that Keane will be irreparably harmed and that there will be no adequate remedy
at law for a violation of any of the covenants or agreement of the Shareholder
set forth herein.  Therefore, it is agreed that, in addition to any other
remedies that may be available to Keane upon any such violation, Keane shall
have the right to enforce such covenants and agreements by specific performance,
injunctive relief or by any other means available to Keane at law or in equity.
The Shareholder agrees not to seek, and agrees to waive any requirement for, the
securing or posting of a bond in connection with Keane seeking or obtaining such
equitable relief.

  4.5  Notices.  All notices, requests, claims, demands and other communications
hereunder shall be deemed duly delivered:  (a) four business days after being
sent by registered or certified mail, return receipt requested, postage prepaid
or (b) one business day after being sent for next business day delivery, fees
prepaid, via a reputable nationwide overnight courier service to the intended
recipient as set forth below.

  If to Keane:           Ten City Square
                         Boston, MA  02129
                         Attention:  Brian T. Keane
                         Telecopy:  (617) 241-9507

  With a copy to:        Hale and Dorr LLP
                         60 State Street
                         Boston, MA 02109
                         Attention:  Hal J. Leibowitz, Esq.
                         Telecopy:  (617) 526-5000

  If to the Shareholder: To the address for notice set forth on the last
                         page hereof.

  with a copy to:        Williams, Mullen, Clark & Dobbins
                         One Columbus Center
                         Suite 900
                         Virginia Beach, VA  23462-6762
                         Attention:  John M. Paris, Jr., Esq.
                         Telecopy:  (757) 473-0395

Any party to this Agreement may give any notice or other communication hereunder
using any other means (including personal delivery, messenger service, telecopy,
or ordinary mail), but no such notice or other communication shall be deemed to
have been duly given unless and until it actually is received by the party for
whom it is intended.  Any party to this Agreement may change the address to
which notices and other communications hereunder are to be delivered by giving
the other party to this Agreement notice in the manner herein set forth.

                                       5
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  4.6  Amendments; Termination; Expiration.  This Agreement may not be modified,
amended, altered or supplemented, except upon the execution and delivery of a
written agreement executed by the parties hereto.  This Agreement may be
terminated by Keane and Transitory Subsidiary upon written notice to the
Shareholder.  This Agreement and the Shareholder's obligations hereunder shall
expire on the first to occur of (a) the Effective Time and (b) the date of the
termination of the Merger Agreement in accordance with its terms; provided,
however, that (i) each party shall remain liable for any breach of this
Agreement by such party occurring prior to such termination and (ii) in the
event that the Effective Time shall occur, the provisions of Sections 1.7 and 3
shall survive any termination of this Agreement.

  4.7  Governing Law.  This Agreement shall be governed by, and construed and
enforced in accordance with, the internal laws of the Commonwealth of Virginia
without giving effect to any choice or conflict of law provision or rule
(whether of the Commonwealth of Virginia or any other jurisdiction) that would
cause the application of laws of any jurisdiction other than those of the
Commonwealth of Virginia.

  4.8  Entire Agreement. This Agreement contains the entire understanding of the
parties in respect of the subject matter hereof, and supersedes all prior
negotiations and understandings between the parties with respect to such subject
matter.

  4.9 Counterparts. This Agreement may be executed in several counterparts, each
of which shall be an original, but all of which together shall constitute one
and the same agreement.

  4.10 Effect of Headings. The section headings herein are for convenience only
and shall not affect the construction or interpretation of this Agreement.

  4.11 Further Assurances. Except as otherwise provided in the Merger Agreement,
the Shareholder will execute and deliver or cause to be executed and delivered
all further documents and instruments and use his best efforts to secure such
consents and take all such further action as may be reasonably necessary in
order to consummate the transactions contemplated hereby or to enable Keane and
any assignee to exercise and enjoy all benefits and rights of the Shareholder
with respect to the Shares.

  4.12  Additional Agreements.  Subject to the terms and conditions of this
Agreement, each of the parties hereto agrees to use all reasonable efforts to
take, or cause to be taken, all action and to do, or cause to be done, all
things necessary, proper or advisable under applicable laws and regulations and
which may be required under any agreements, contracts, commitments, instruments,
understandings, arrangements or restrictions of any kind to which such party is
a party or by which such party is governed or bound, to consummate and make
effective the transactions contemplated by this Agreement.

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     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the date and year first above written.

                              KEANE, INC.

                              By:  /s/ Brian T. Keane
                                   ---------------------------------------------
                                   Name:  Brian T. Keane
                                   Title: President and Chief Executive Officer

                              VERITAS ACQUISITION CORP.

                              By:  /s/ Brian T. Keane
                                   ---------------------------------------------
                                   Name:  Brian T. Keane
                                   Title: President and Chief Executive Officer

                              SHAREHOLDER

                              By:   /s/ John H. Fain
                                    --------------------------------------------

                              Print
                              Name: John H. Fain
                                    --------------------------------------------

                              Shareholder's Address for Notice:

                              --------------------------------------------------

                              --------------------------------------------------

                              --------------------------------------------------

                              Shares of Metro Common Stock
                                 subject to this Agreement: 6,151,104
                                                            ---------

                                       7
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                                                                       EXHIBIT A
                                                                       ---------

                               IRREVOCABLE PROXY

     The undersigned shareholder of Metro Information Services, Inc., a Virginia
corporation ("Metro"), hereby irrevocably appoints Brian T. Keane and John J.
Leahy of Keane, Inc., a Massachusetts corporation ("Keane"), and Keane and each
of them, as the sole and exclusive attorneys and proxies of the undersigned,
with full power of substitution and resubstitution, to the full extent of the
undersigned's rights with respect to shares of Common Stock of Metro
beneficially owned by the undersigned and representing 40% of the outstanding
shares of Metro Common Stock (the "Shares"), until the Expiration Date (as
defined below). As used herein, the term "Expiration Date" shall mean the
earlier to occur of:  (A) such date and time as the merger of Veritas
Acquisition Corp., a Virginia corporation and a wholly owned subsidiary of Keane
("Transitory Subsidiary"), with and into Metro (the "Merger") contemplated by
that certain Agreement and Plan of Merger dated as of August  20, 2001, among
Keane, Transitory Subsidiary and Metro (the "Merger Agreement") shall become
effective and (B) such date and time as the Merger Agreement is terminated
pursuant to Section 8.1 thereof.  Upon the execution hereof, all prior proxies
given by the undersigned with respect to the Shares are hereby revoked and no
subsequent proxies will be given.

     This proxy is coupled with an interest and irrevocable, is granted in order
to secure the obligations under the Shareholder's Agreement dated as of August
20, 2001 between Keane and the undersigned shareholder, and is granted in
consideration of Keane entering into the Merger Agreement.  The attorneys and
proxies named above will be empowered at any time prior to the Expiration Date
to exercise all voting and other rights (including, without limitation, the
power to execute and deliver written consents with respect to the Shares) of the
undersigned at every annual, special or adjourned meeting of Metro shareholders,
and in every written consent in lieu of such a meeting, or otherwise, in favor
of approval and adoption of the Merger Agreement, the Plan of Merger (as defined
in the Merger Agreement) and any matter that could reasonably be expected to
facilitate the Merger.

     The attorneys and proxies named above may only exercise this proxy to vote
the Shares subject hereto at any time prior to the Expiration Date at every
annual, special or adjourned meeting of the shareholders of Metro and in every
written consent in lieu of such meeting, (i) in favor of approval and adoption
of the Merger Agreement, the Plan of Merger and any matter that could reasonably
be expected to facilitate the Merger, and (ii) against any action or agreement
that would (A) result in a breach of any representation, warranty or covenant of
Metro in the Merger Agreement or (B) cause any provision contained in Articles
V, VI or VII of the Merger Agreement to not be satisfied.  The undersigned
shareholder may vote the Shares on all other matters.

                                       8
<PAGE>

     Any obligation of the undersigned hereunder shall be binding upon the
successors and assigns of the undersigned.

     This proxy is irrevocable.

Dated:  August 20, 2001

Signature of Shareholder:   /s/ John H. Fain
                          ---------------------------

Print Name of Shareholder:  John H. Fain
                          ---------------------------

Shares beneficially owned as of the date hereof:

   6,304,251        shares of Common Stock
--------------------

Shares subject to this Irrevocable Proxy:

   6,151,104        shares of Common Stock
--------------------

                                       9<PAGE>

                                                                   EXHIBIT 10.63

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

         THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the 23rd day
of November, 1998, by and among OLD DOMINION ELECTRIC COOPERATIVE, a generation
and transmission electric cooperative organized under the laws of the
Commonwealth of Virginia ("Old Dominion"), and VIRGINIA, MARYLAND AND DELAWARE
ASSOCIATION OF ELECTRIC COOPERATIVES, a non-stock corporation organized under
the laws of the Commonwealth of Virginia ("the Association") (collectively, the
"Employer"), and Jackson E. Reasor, Jr. (the "Executive").

         In consideration of the mutual covenants contained herein, Employer and
Executive agree as follows:

         1. Employment.  Employer  agrees to employ  Executive and Executive
            ----------
agrees to continue in the employ of Employer on the terms and conditions
hereinafter set forth.

         2. Capacity. Executive shall serve Employer as President and Chief
            --------
Executive Officer of Old Dominion and the Association, with such powers and
duties as may be prescribed from time to time by Employer, which duties shall
include, without limitation, strategic and long range planning for, and
oversight of the day to day operations of, Employer. Executive's continued
employment with Employer is conditioned upon performance and results as set
forth herein.

         3. Effective Date and Term. The commencement date of this Agreement
            -----------------------
shall be as of November 23, 1998 (the "Commencement Date"). Subject to the
provisions of Section 6, the term of Executive's employment hereunder shall be
for three (3) years from the Commencement Date, and shall be automatically
extended for an additional one year period unless either the Executive or the
Employer gives written notice 30 days prior the Expiration Date of such party's
election not to extend the terms of this Agreement. Such three year period, as
extended shall hereafter be referred to as the "Term." The last day of the Term
is herein sometimes referred to as the "Expiration Date."

         4. Compensation and Benefits.  The regular compensation and benefits
            -------------------------
payable to Executive under this Agreement shall be as follows:

            (a) Salary. For all services rendered by Executive under this
                ------
Agreement, Employer shall pay Executive a salary at the rate of $200,000 per
year. Executive's salary shall be payable bi-weekly, in accordance with
Employer's usual

<PAGE>

practice for its officers. Performance reviews shall be conducted after six
months, twelve months and then every twelve months thereafter. Salary increases
shall be considered at each twelve month anniversary and shall be awarded at the
discretion of the Boards of Directors of Employer.

            (b) Regular Benefits. Executive shall also be entitled to
                ----------------
participate in all benefit plans available to employees of Employer, all as more
specifically outlined in the Employee Benefits Package (a copy of which has been
provided to Executive), including medical insurance, basic life insurance,
long-term disability, retirement and security plans, savings plans (401K),
business travel accident insurance, exercise club privileges and other benefit
plans that may from time to time be approved or in effect for senior executives
of Employer. Such participation shall be subject to (i) the terms of the
applicable plan documents, (ii) generally applicable policies of Employer and
(iii) the discretion of the Boards of Directors of Employer or the
administrative or other committee provided for in or contemplated by such plan.
Such benefits shall be subject to review, alteration and/or cancellation in the
discretion of the Boards of Directors of Employer, in accordance with the usual
practice of Employer with respect to review of benefits for its officers.

            (c) Bonus Availability. Executive shall have the opportunity to earn
                ------------------
a bonus of up to $35,000 for the first year of the Term contingent upon
Executive's performance in three separate categories. These categories, as well
as, the percentage of available bonus assigned to each category are set forth on
attached Exhibit A. The amount of available bonus and the categories of
performance for the second and third years of the Term shall be set by the
Boards of Directors of Employer.

            (d) Relocation Benefits. In connection with the relocation of
                -------------------
Executive's principal residence from Bluefield to Richmond, Virginia, Employer
shall reimburse Executive for normal and reasonable temporary living expenses up
to $2,000 per month from December, 1998 through May, 1999. Employer shall also
reimburse Executive for normal and reasonable moving expenses up to $10,000
incurred by Executive in moving his family and property from Bluefield to
Richmond, Virginia.

            (e) Business Expenses. Employer shall reimburse Executive for all
                -----------------
reasonable travel and other business expenses incurred by him in the performance
of his duties and responsibilities, subject to such reasonable requirements with
respect to substantiation and documentation as may be specified by Employer.

            (f) Vacation and Sick Leave. Executive shall be entitled to four (4)
                -----------------------
weeks of vacation during each calendar year commencing January 1, 1999.
Executive shall enter the Employer's standard vacation policy as a sixteen (16)
year

<PAGE>

employee. Executive's sick leave accrual shall follow the standard sick leave
policy except that he shall have ten days posted on his first day of employment.

            (g) Automobile. Employer shall provide Executive, for his personal
                ----------
use, a new, American-made sedan at a cost not-to exceed $25,000. Replacement of
the vehicle during the Term of the Agreement shall be at the discretion of the
Boards of Directors of Employer. "Personal use" excludes all non-business use by
individuals other than Executive except in the case of an emergency. Such
personal use of the vehicle shall be permitted (i) for trips to and from
Bluefield, Virginia, during the six (6) months transition period for relocation
of Executive's family and (ii) in and around the greater Richmond area at all
other times. Executive shall be responsible for paying the tax on income
attributable to the provision of such vehicle.

         5. Extent of Service. During his employment hereunder, Executive shall,
            -----------------
subject to the discretion and supervision of the Boards of Directors of
Employer, devote his full business time, best efforts and business judgment,
skill and knowledge to the advancement of Employer's interest and to the
discharge of his duties and responsibilities hereunder. He shall not engage in
any other business activity, except as may be approved by the Boards of
Directors of Employer. "Business Activity" shall not include Executive's
investment or ownership in publicly held corporations or entities whose
securities are tracked on recognized national or regional stock exchanges;
provided such investment or ownership is at all times during the term of this
agreement less than 5% of the outstanding shares of said corporation or entity.

         6. Termination and Termination of Benefits.
            ---------------------------------------

            Notwithstanding the provisions of Section 3, Executive's employment
hereunder shall terminate under the following circumstances and shall be subject
to the following provisions:

            (a) Death. In the event of Executive's death during Executive's
                -----
employment hereunder, Executive's employment shall terminate on the date of his
death without further liability of the part of the Employer under this
Agreement.

            (b) Termination by Employer for Cause. Executive's employment
                ---------------------------------
hereunder may be terminated without further liability on the part of Employer
effective immediately by a majority vote of the Boards of Directors of Employer
for Cause by written notice to Executive setting forth in reasonable detail the
nature of such Cause. Only the following shall constitute "Cause" for such
termination:

                        (i) gross incompetence, insubordination, gross
            negligence, willful misconduct in office or breach of a material
            fiduciary duty, which includes a

<PAGE>

breach of confidentiality as defined in Section 8(b), owed to Employer or any
subsidiary or affiliate thereof;

                (ii)  conviction of a felony, a crime of moral turpitude or
commission of an act of embezzlement or fraud against Employer or any subsidiary
or affiliate thereof;

                (iii) Executive's material failure to perform a substantial
portion of his duties and responsibilities hereunder; but only after Employer
provides Executive written notice of such failure and gives him thirty (30) days
to remedy the situation.

                (iv)  deliberate dishonesty of Executive with respect to
Employer or any subsidiary or affiliate thereof.

            (c) Termination by Executive. Executive may terminate his employment
                ------------------------
hereunder with or without Good Reason (as defined below) by written notice to
the Boards of Directors of Employer effective 30 days after receipt of such
notice by the Boards of Directors. In the event that Executive terminates his
employment hereunder for Good Reason, Executive shall be entitled to the salary
specified in Section 6(e). Executive shall not be required to render any further
services to Employer. Upon termination of employment by Executive without Good
Reason, Executive shall be entitled to no further compensation under this
Agreement. "Good Reason" shall be the failure by Employer to comply with the
provisions of Section 4(a) or material breach by Employer of any other provision
of this Agreement, which failure or breach shall continue for more than 30 days
after the date on which the Boards of Directors of Employer receives such
notice.

            (d) Termination by Employer Without Cause. Executive's employment
                -------------------------------------
with Employer may be terminated without Cause by a majority of each of the
Boards of Directors of Employer, effective immediately upon delivery of written
notice of such termination to Executive.

            (e) Certain Termination Payments. In the event of termination of
                ----------------------------
Executive's employment hereunder by Employer without Cause or by Executive with
Good Reason, Executive shall be entitled to the following:

                (i)   For and during the one-year period immediately following
the date of termination, Employer shall continue to pay Executive a salary at
the rate in effect on the date of termination. Payment of such salary shall be
made on the same periodic dates as salary payments would have been made to
Executive had he not been terminated. Employer shall also provide medical
insurance to Executive for this one year period on the same basis as if
Executive were still employed, except that Employer's obligation to provide such
medical insurance shall

<PAGE>

cease if Executive becomes eligible for such coverage by virtue of his
employment with another Company or entity.

                (ii) In the event that Executive becomes employed in any
capacity during the one-year period immediately following the date of
termination, employer's obligation to pay Executive's salary pursuant to Section
6(e)(i) hereof shall be reduced by the amount of Executive's compensation at his
new employer.

            (f) Expiration Payments. In the event the Executive's employment is
                -------------------
not continued with Employer beyond the Expiration Date on mutually agreeable
terms and conditions, the Employer shall continue to pay Executive a salary at
the rate in effect at the Expiration Date for a period of six months on the same
periodic dates as salary payments would have been made to Executive had his
employment continued. The provisions set forth in Section 6(e)(ii) also apply to
the six-month post-expiration period.

            (g) Litigation and Regulatory Cooperation. Executive shall cooperate
                -------------------------------------
fully with Employer in the defense or prosecution of any claims or actions now
in existence or which may be brought in the future against or on behalf of
Employer that relate to events or occurrences that transpired while Executive
was employed by Employer. Executive's full cooperation in connection with such
claims or actions shall include, but not be limited to, being available to meet
with counsel to prepare for discovery or trial and to act as a witness on behalf
of Employer at mutually convenient times. Executive shall also cooperate fully
with Employer in connection with any examination or review of any federal or
state regulatory authority as any such examination or review relates to events
or occurrences that transpired when Executive was employed by Employer. If such
cooperation is required after Executive ceases to be employed by Employer,
Employer shall pay Executive for such cooperation a fee of seventy-five dollars
($75) per hour, payable monthly in arrears, and will reimburse Executive for any
reasonable out-of-pocket expenses incurred in connection therewith.

         7. Disability. If, due to physical or mental illness, Executive shall
            ----------
be disabled so as to be unable to perform substantially all of his duties and
responsibilities hereunder, which disability lasts for an uninterrupted period
of at least 180 days or a total of at least 240 days in any calendar year (as
determined by the opinion of an independent physician selected by the Boards of
Directors of the Company), Employer, acting though its Boards of Directors, may
designate another executive to act in his place without further liability under
this Agreement except for those continuing obligations imposed upon Employer
pursuant to its long-term disability plan.

         8. Noncompetition and Confidential Information.
            -------------------------------------------

<PAGE>

            (a) Noncompetition. During a period of one year following the date
                --------------
of termination of Executive's employment with Employer occasioned by a failure
to extend employment beyond the Expiration Date or termination by Employer for
Cause pursuant to Section 6(b) hereof, or by Executive in the event that such
termination is not for Good Reason, Executive will not, directly or indirectly,
whether as owner, partner, shareholder, consultant, agent, employee, co-venturer
or otherwise, or though any Person (as defined in Section 10), compete in
Delaware, Maryland or Virginia or any other state contiguous to Virginia during
the period in which this covenant of noncompetition is in effect, with
Employer's business of marketing and provision of electricity and electrical
services or any other business conducted by Employer during the period of
Executive's employment hereunder, nor will he attempt to hire any employee of
Employer, assist in such hiring by any other Person, or solicit or encourage any
customer of Employer to terminate its relationship with Employer or to conduct
with any other Person any business or activity that such customer conducts or
could conduct with Employer.

            (b) Confidential Information. Executive agrees and acknowledges
                ------------------------
that, by reason of his employment by and service to Employer, he will have
access to confidential information of Employer (and its affiliates, vendors,
customers, and others having business dealings with it) including, without
limitation, information and knowledge pertaining to products, sales and profit
figures, customer and client lists and information related to relationships
between Employer and its affiliates, customers, vendors, and others having
business dealings with it (collectively, the "Confidential Information").
Executive acknowledges that the Confidential Information is a valuable and
unique asset of Employer (and its affiliates, vendors, customers, and others
having business dealings with it) and covenants that, both during and after the
term of his employment by Employer, he will not disclose any Confidential
Information to any person or use any Confidential Information (except as his
duties as an employee of Employer may require) without the prior written
authorization of the Boards of Directors of Employer. Executive further agrees
that all files, letters, memoranda, reports, records, data, sketches, drawings,
program listings or other written, photographic, or other tangible materials
containing Confidential Information, whether created by Executive or others,
that shall come into his custody or possession, shall be delivered to Employer,
upon the earlier of (i) a request by Employer or (ii) termination of Executive's
employment. After such delivery, Executive shall not retain any such records or
copies thereof or any such tangible property. The obligation of confidentiality
imposed by this Section shall not apply to information that is required by law,
regulation or judicial or governmental authorities to be disclosed or that
otherwise becomes part of the public domain by means other than Executive's
non-observance of his obligations hereunder.

            (c) Rights and Remedies Upon Breach. If Executive breaches, or
                -------------------------------
threatens to commit a breach of, any of provisions of Section 8 hereof
(collectively,

<PAGE>

the "Restrictive Covenants"), Employer shall have the following rights and
remedies, each of which shall be independent of the other and severally
enforceable, and all of which shall be in addition to, and not in lieu of, any
other rights and remedies available to Employer under law or in equity:

                (i) Specific Performance. Executive recognizes and agrees that
                    --------------------
the violation of the Restrictive Covenants may not be reasonably or adequately
compensated in damages and that, in addition to any other relief to which
Employer may be entitled by reason of such violation, it shall also be entitled
to injunctive and equitable relief and, pending determination of any dispute
with respect to such violation, no bond or security shall be required in
connection herewith. If any dispute arises with respect to this Section 8,
without limiting in any way any other rights or remedies to which Employer may
be entitled, Executive agrees that the Restrictive Covenants shall be
enforceable by a decree of specific performance.

                (ii) Accounting. Employer shall have the right and remedy to
                     ----------
require Executive to account for any pay over to Employer all compensation,
profits, monies, accruals, increments or other benefits (collectively,
"Benefits") derived or received by Executive as a result of any transactions
constituting a breach of any of the Restrictive Covenants, and Executive shall
account for and pay overall such Benefits to the Company.

            (d) Severability of Covenants. If any of the Restrictive Covenants,
                -------------------------
or any part thereof, or any of the other provisions of this Section 8 is held by
a court of competent jurisdiction or any other governmental authority to be
invalid, void, unenforceable or against public policy for any reason, the
remainder of the Restrictive Covenants or such other provisions shall remain in
full force and effect and shall in no way be affected, impaired or invalidated,
and such court or authority shall be empowered to substitute, to the extent
enforceable, provisions similar thereto or other provisions so as to provide to
Employer, to the fullest extent permitted by applicable law, the benefits
intended by such provisions.

            (e) Definition and Survival. For purposes of this Section 8 only,
                -----------------------
the term "Employer" shall mean Old Dominion and the Association, and any
subsidiary and affiliate of the Old Dominion and the Association. All provisions
of this Section 8 shall survive termination of this Agreement.

         9. Conflicting Agreements. Executive hereby represents and warrants
            ----------------------
that the execution of this Agreement and the performance of his obligations
hereunder will not breach or be in conflict with any other agreement to which he
is a party or by which he is bound, and that he is not subject to any covenants
against competition or similar covenants that would affect the performance of
his obligations hereunder.

<PAGE>

         10. Definition of "Person". For all purposes of this Agreement, the
             ---------------------
term "Person" shall mean an individual, a corporation, an association, a
partnership, an estate, a trust and any other entity or organization.

         11. Withholding. All payments made by Employer under this Agreement
             -----------
shall be net of any tax or other amounts required to be withheld by Employer
under applicable law.

         12. Assignment; Successors and Assigns, etc. Neither Employer nor
             ---------------------------------------
Executive may make any assignment of this Agreement or any interest herein, by
operation of law or otherwise, without the prior written consent of the other
party; provided, however, that Employer may assign its rights under this
Agreement without the consent of Executive in the event that Employer shall
hereafter effect a reorganization, consolidate with or merge into any other
Person, or transfer all or substantially all of its properties or assets to any
other Person. This Agreement shall inure to the benefit of and be binding upon
Employer and Executive, their respective successors, executors, administrators,
heirs and permitted assigns. In the event of Executive's death prior to the
completion by Employer of all payments due him under this Agreement, Employer
shall continue such payments to Executive's beneficiary designated in writing to
Employer prior to his death (or to his estate, if he fails to make such
designation).

         13. Enforceability. If any portion or provision of this Agreement shall
             --------------
to any extent be declared illegal or unenforceable by a court of competent
jurisdiction, then the remainder of this Agreement, or the application of such
portion or provision in circumstances other than those as to which it is so
declared illegal or unenforceable, shall not be affected thereby, and each
portion and provision of this Agreement shall be valid and enforceable to the
fullest extent permitted by law.

         14. Waiver. No waiver of any provision hereof shall be effective unless
             ------
made in writing and signed by the waiving party. The failure of any party to
require the performance of any term or obligation of this Agreement, or the
waiver by any party of any breach of this Agreement, shall not prevent any
subsequent enforcement of such term or obligation or be deemed a waiver of any
subsequent breach.

         15. Notices. Any notices, requests, demands and other communications
             -------
provided for by this Agreement shall be sufficient if in writing and delivered
in person or sent by registered or certified mail, postage prepaid (in which
case notice shall be deemed to have been given on the third day after mailing),
or by overnight delivery by a reliable overnight courier service (in which case
notice shall be deemed to have been given on the day after delivery to such
courier service) to Executive at the last address Executive has filed in writing
with Employer or, in the case of

<PAGE>

Employer, at the main offices of the Old Dominion or the Association, to the
attention of the Board of Directors.

          16. Amendment. This Agreement may be amended or modified only by a
              ---------
written instrument signed by Executive and by a duly authorized representative
of Employer.

          17. Governing Law. This is a Virginia contract and shall be
              -------------
construed under and be governed in all respects by the laws of the Commonwealth
of Virginia, without regard to its conflict of laws provisions.

          18. Entire Agreement. This Agreement constitutes the entire
              ----------------
understanding among the parties, superseding any previous understandings, oral
or written, pertaining to the subject matter contained herein. No party has
relied or will rely upon any oral or other written representation or oral or
written information made or given to such party by any other party,
representative of such party or anyone acting on its behalf.

              [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

         IN WITNESS WHEREOF, this Agreement has been executed as a sealed
instrument by Employer, by its duly authorized officers, and by Executive, as of
the date first above written.

                                      OLD DOMINION ELECTRIC COOPERATIVE

                                      By: /s/ Cecil E. Viverette
                                          -------------------------------------
                                                        Cecil E. Viverette, Jr.
                                      Title: Chairman of the Board

                                      Date: 2/26/99
                                            -----------------------------------

                                      VIRGINIA, MARYLAND AND DELAWARE
                                      ASSOCIATION OF ELECTRIC OPERATIVES

                                      By: /s/ Frank W. Bacon
                                          -------------------------------------
                                                   Frank W. Bacon

                                      Title: Chairman of the Board

                                      Date: 2/28/99
                                            -----------------------------------

                                      /s/ Jackson E. Reasor, Jr.
                                      -----------------------------------------
                                                Jackson E. Reasor, Jr.

                                      Date: 2/11/99
                                            -----------------------------------

                                      Address: 620 Summit St.
                                               --------------------------------

                                      Bluefield, VA 24605
                                      -----------------------------------------

                                      -----------------------------------------

<PAGE>

                                    Exhibit A
                               Bonus Availability

         The Agreement provides the Executive an opportunity to earn up to a
$35,000 bonus for the first year of the Term by achieving the objectives set
forth below. The percentages establish the portion of the available bonus which
may be earned for each category. The bonus scale in each category shall range
from 0 to 10. A rating of 10 would provide the full bonus in that category.
Ratings shall be awarded by the Boards of Directors of Employer.

1.       Legislation - based on success in General Assembly                  25%
         --------------------------------------------------

         A.       Proposed Co-op Legislation (develop legislation).

         B.       Success in defeating legislation harmful to co-ops.

2.       Cost of Purchase Power                                              50%
         ----------------------

         Provide a leadership role in reducing cost of controllable expenses
         which would result in a reduction to members' cost of power. The
         reduction in members' rates must be beyond the future reductions which
         have been identified in the stranded cost reduction strategy.

         A.       Reduction in cost of power through contracts.

         B.       Reduction in cost of ODEC owned generation cost.  Excluding
                  fuel cost.

         C.       Success at stranded cost reduction through the existing plan,
                  or modified version thereof.

3.       Develop Strategy for Survival after Deregulation                    25%
         ------------------------------------------------

         A.       Develop 5 and 10-year strategies.

         B.       Demonstrate ability to bring co-ops together to work as one,
                  and build consensus on difficult issues.

         C.       Introduction of new services and products consistent with the
                  long range plan.

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