Document:

Amendment #1 to Employment Agreement - Lowrey

 Exhibit 10.49 
  
 AMENDMENT NUMBER ONE 
 TO THE 
 EMPLOYMENT AGREEMENT FOR P. LANG LOWREY III 
  
 This Amendment Number One (the “Amendment”) is made to the
Employment Agreement (the “Agreement”) by and among Danka Office Imaging Company (“Danka Office Imaging”), Danka Business Systems PLC (“Danka Business Systems”), Danka Holding Company (“Danka Holding”) and P.
Lang Lowrey III (“Executive”) dated February 3, 2001. Danka Office Imaging, Danka Business Systems, and Danka Holding are collectively referred to herein as the “Company”. 
  
 WHEREAS, the Company and Executive entered into the Agreement; and

  
 WHEREAS, the Company and Executive desire to adopt this
Amendment to modify the Agreement; 
  
 NOW, THEREFORE, the Company
and Executive hereby agree as follows: 
  
 I. 
  
 Section 2 shall be stricken from the Agreement and replaced in its entirety
with the following: 
  
 2. CAPACITY AND DUTIES. Executive shall be employed
in the capacity of Executive Chairman of the Board of Directors of Danka Business Systems PLC (the “Board”). Executive shall have and fulfill all of the duties and responsibilities ordinarily associated with the status of Executive
Chairman of the Board and shall devote his time and attention to duties and responsibilities that are critical to the Company’s growth and prosperity, including (a) overseeing the strategic development and planning of the Company and (b)
mentoring and counseling the Chief Executive Officer of the Company and the Company’s executive team. Executive shall be provided with appropriate administrative assistance during the Term. 
  
 II. 
  
 Section 3(a) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 (a) Term. Employment of Executive by the Company pursuant to this Amendment and the
Agreement shall begin on such date as the Board of Directors appoints the successor Chief Executive Officer or April 1, 2004, whichever is earlier (the “Commencement Date”) and shall continue for an initial term of one-year from the
Commencement Date. The initial one-year 

  

 
period during which Executive is employed by the Company pursuant to this Amendment and the Agreement is referred to herein as the “Initial Term”.
In addition, any period during which Executive is employed by the Company pursuant to this Amendment and the Agreement is referred to herein and the Agreement as the “Term” of the Agreement. It shall be within the sole discretion of the
Board of Directors whether to extend this Amendment beyond the “Initial Term”. 
  
 III. 
  
 Section 4 shall be
stricken from the Agreement and replaced in its entirety with the following: 
  
 4. PLACE OF EMPLOYMENT. Executive’s principal place of work shall be located in the Atlanta, Georgia metropolitan area. 
  
 IV. 
  
 Section 5(a) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 (a) Salary. During the Term, the Company shall pay Executive a base
salary at the rate of $325,000.00 per annum (the “Annual Base Salary”), payable in a manner consistent with the Company’s payroll procedures for U.S. salaried employees. The Human Resources Committee of the Board (the “H.R.
Committee”) shall review Executive’s Annual Base Salary at least annually and may increase, but not decrease, the Annual Base Salary. 
  
 V. 
  
 In Section 5(b), the second and third sentences shall be stricken from the Agreement and replaced in their entirety with the following: 
  
 Upon the Company’s achievement of one hundred percent (100%) or more of
the targeted levels of the Performance Bonus Plan, the Company shall pay Executive a bonus equal to 100% of Executive’s Annual Base Salary then in effect. 
  

 VI. 
  
 Section 7(a)(ii) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 (ii) By Company Notice. Subject to Section 8(a) herein; the Company
may terminate this Amendment and Executive’s employment with the Company upon sixty (60) days written notice for any reason not included in the definition of Cause (“Company Notice Termination”). Upon termination of Executive as
Executive Chairman of the Board pursuant to a Company Notice Termination, Executive may continue to serve as a member of the Board if mutually agreed by the Company and Executive, and Executive shall be compensated for his services as a member of
the Board on the same basis as other members of the Board. 
  
 VII.

  
 Section 7(c)(ii) shall be stricken from the Agreement and
replaced in its entirety with the following: 
  
 (ii) By
Executive Notice. Executive may terminate this Amendment and Executive’s employment with the Company for any reason not included in the definition of Good Reason by giving the Company sixty (60) days written notice of such termination
(“Executive Notice Termination”). Upon termination of Executive as Executive Chairman of the Board pursuant to an Executive Notice Termination, Executive may continue to serve as a member of the Board if mutually agreed by the Company and
Executive, and Executive shall be compensated for his services as a member of the Board on the same basis as other members of the Board. 
  
 VIII. 
  
 The first sentence of Section 8(a) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 If, during the Initial Term, the Company terminates Executive’s
employment for any reason other than for Cause (as defined in Section 9), or if Executive terminates his employment for Good Reason (as defined in Section 9), the Company shall pay to Executive (subject to withholding of applicable taxes) a
severance equal to two (2) full years of Executive’s Annual Base Salary at the rate in effect on the date of termination of Executive’s employment (or in the event a reduction in Annual Base Salary is a basis for a termination by Executive
for Good Reason, then the Annual Base Salary in effect immediately prior to such reduction). If, during the one year period following the Initial Term, Executive’s employment is terminated in accordance with this paragraph, Company shall pay to
Executive (subject to withholding of appropriate taxes) a severance equal to one (1) full year of Executive’s Annual Base Salary. 
  

 IX. 
  
 Section 9(c)(ii) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 (ii) the relocation of Executive’s principal office, without
Executive’s prior written consent, more than forty (40) miles away from the Executive’s office in Atlanta, Georgia; 
  
 X. 
  
 Section 9(c)(vi) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 (vi) any removal of Executive from, or the failure to appoint, elect,
reappoint, or reelect Executive to, the position of Executive Chairman of the Board; and/or 
  
 XI. 
  
 The changes made in this
Amendment to the Agreement shall be effective as of the Commencement Date. Until such date, the Agreement will continue to apply in accordance with its terms. 
  

XII. 
  
 This Amendment may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the
same Amendment. 
  

 IN WITNESS WHEREOF, the Company and Executive have executed this Amendment to Executive’s Employment
Agreement this 29th day of March, 2004. 
  

			
	 DANKA BUSINESS SYSTEMS PLC

		
	By:	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

			
	 DANKA HOLDING COMPANY

		
	By:	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

			
	 DANKA OFFICE IMAGING COMPANY

		
	By:	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

	
	 EXECUTIVE

	
	 /s/ P. Lang Lowrey III

	

	 P. Lang Lowrey IIIAmendment to Employment Agreement - Mavis

 Exhibit 10.50 
  
 AMENDMENT 
 TO THE 
 EMPLOYMENT AGREEMENT FOR TODD MAVIS 
  
 This Amendment (the “Amendment”) is made to the Employment Agreement (the “Agreement”) by and among
Danka Office Imaging Company, Danka Business Systems PLC, Danka Holding Company (collectively the “Company”) and Todd Mavis (“Executive”) dated July 26, 2001 
  
 WHEREAS, the Company and Executive entered into the Agreement; and 
  
 WHEREAS, the Company and Executive desire to adopt this Amendment to modify
the Agreement; 
  
 NOW, THEREFORE, the Company and Executive
hereby agree as follows: 
  
 I. 
  
 Section 2 shall be stricken from the Agreement and replaced in its entirety
with the following: 
  
 2. CAPACITY AND DUTIES. Executive shall be employed
in the capacity of Chief Executive Officer (“CEO”) of the Company and shall direct and oversee the management and operations of the Company. Executive shall report directly to the Danka Business Systems PLC Board of Directors (the
“Board”) as a whole. Executive shall be appointed as a Director of the Board and the Board and the Company shall use their best efforts to cause Executive to be re-elected as a Director of the Board during the remainder of the Term.

  
 II. 
  
 Section 5(a) shall be stricken from the Agreement and replaced in its
entirety with the following: 
  
 (a). SALARY. Beginning on
April 1, 2004 and continuing during the Term, the Company will pay Executive a base salary at a rate of $500,000.00 per annum (the “Annual Base Salary”), payable in a manner consistent with the Company’s payroll procedures for U.S.
salaried employees. The Human Resources Committee of the Board (the “H.R. Committee”) shall review Executive’s annual base salary at least annually and may increase, but not decrease, the annual base salary. 
  

 III. 
  
 The fourth sentence of Section 5(a) shall be stricken from the Agreement and replaced in its entirety with the following: 
  
 Upon the Company’s achievement of One Hundred Percent (100%) of the
budgeted targeted levels of the Performance Bonus Plan, the Company shall pay Executive a bonus equal to Sixty Seven Percent (67%) of Executive’s annual base salary. 
  
 IV. 
  
 At the earliest permissible opportunity, Executive shall receive from the Company a registered stock option grant in the amount of 300,000 American
Depository Shares (“ADSs”) representing ordinary shares of Danka Business Systems PLC. One Hundred Fifty Thousand (150,000) of these shares shall vest in one-third increments over the next three years. One Hundred Fifty Thousand (150,000)
of these options shall vest in their entirety five years from the date of this Amendment; however, Executive shall receive accelerated vesting of such options upon the determination by the H.R. Committee that the Company has achieved One Hundred
Percent (100%) of its budgeted target level of operating profit or such other metric as reasonably established by the H.R. Committee for the Company’s Fiscal Year 2005. 
  
 V. 
  
 The changes made in this Amendment to the Agreement shall become effective as of April 1, 2004. Until such date, the Agreement will continue to apply in
accordance with its terms. 
  
 VI. 
  
 This Amendment may be executed in counterparts, each of which shall be deemed
to be an original but all of which together shall constitute one and the same Amendment. 
  

 IN WITNESS WHEREOF, the Company and Executive have executed this Amendment to Executive’s Employment
Agreement this 15 day of March, 2004. 
  

			
	 DANKA BUSINESS SYSTEMS PLC

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

			
	 DANKA HOLDING COMPANY

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

			
	 DANKA OFFICE IMAGING COMPANY

		
	 By:
	 	 /s/ Keith J. Nelsen

	 	 	

	 Name:
	 	 Keith J. Nelsen

	 Title:
	 	 Chief Administrative Officer and General Counsel

  

			
	EXECUTIVE
	
	 /s/ TODD MAVIS

	

	 TODD MAVIS

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