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EXHIBIT 10.03  

  Agreement         

    This is an agreement between Ceridian Corporation ("Ceridian") and Lawrence Perlman ("Perlman") dated as of May 1, 2000. 

	1.
	Ceridian
hereby engages Perlman as a consultant during the period May 1, 2000 through December 31, 2000, and Perlman accepts such engagement.

	2.
	Perlman's
contact at Ceridian for the provision of the consulting services provided under this Agreement is Ronald L. Turner, Chairman, President and Chief Executive Officer of
Ceridian ("Turner").

	3.
	The
nature of the consulting provided by Perlman under this Agreement shall be as mutually agreed between Perlman and Turner, and is expected to relate to creation of shareholder
value for Ceridian shareholders.

	4.
	The
services provided by Perlman under this Agreement will be provided as an independent contractor, and not as an agent or employee. Perlman shall be responsible for all applicable
withholdings under federal, state, and local laws.

	5.
	This
Agreement shall not change or modify any other agreement between Ceridian and Perlman.

	6.
	For
his consulting services provided pursuant to this Agreement, Ceridian will pay Perlman the amount of $125,000 payable on June 1, 2000, and $125,000 payable on
November 1, 2000.

	7.
	Ceridian
will pay or reimburse, from time to time, as appropriate receipts are presented to it, expenses incurred by Perlman associated with the consulting services provided under
this Agreement, up to an aggregate amount of $25,000.

	8.
	Since
the services provided under this Agreement are being provided as an independent contractor, and not as an employee, Perlman understands and agrees that any payments received
under this Agreement will in no way impact any benefits he is entitled to from Ceridian relating to his services to Ceridian as an employee. 

	/s/ Lawrence Perlman
	 	/s/ Ronald L. Turner

	Lawrence Perlman	 	Ceridian Corporation
	May 20, 2000	 	by Ronald L. Turner, Chairman, President

and Chief Executive Officer

May 17, 2000

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Agreement<PAGE>

                                                                   EXHIBIT 10.11

                       AMENDMENT NUMBER 1 TO THE AGREEMENT
                                     BETWEEN
                               PBOC HOLDINGS, INC.
                                       AND
                           PEOPLE'S BANK OF CALIFORNIA
                                       AND
                                RUDOLF P. GUENZEL

         WHEREAS, PBOC Holdings, Inc. (the "Corporation"), People's Bank of
California (the "Bank") (together, the "Employers"), and Rudolf P. Guenzel (the
"Executive") entered into an employment agreement dated May 15, 1998 (the
"Agreement");

         WHEREAS, the Employers and the Executive desire to modify certain
provisions of the Agreement; and

         WHEREAS, Section 12 of the Agreement provides that no provisions of the
Agreement may be modified, waived or discharged unless such waiver, modification
or discharge is agreed to in writing and signed by the Executive and such
officer or officers as may be specifically designated by the Boards of Directors
of the Employers to sign on its behalf.

         NOW, THEREFORE, BE IT RESOLVED, in consideration of the mutual
covenants herein set forth, the Employers and the Executive do hereby agree to
the following amendments to the Agreement:

         1. The definition of "Average Annual Compensation" shall be added as
Section 1(a) of the Agreement to read as set forth below and the current
subsections (a) - (j) are to be re-lettered as (b) - (k):

                  (a) AVERAGE ANNUAL COMPENSATION. The Executive's "Average
         Annual Compensation" for purposes of this Agreement shall be deemed to
         mean the average level of compensation paid to the Executive by the
         Employers or any subsidiary thereof during the most recent five taxable
         years preceding the Date of Termination and which was either (i)
         included in the Executive's gross income for tax purposes, including
         but not limited to Base Salary, bonuses and amounts taxable to the
         Executive under any qualified or non-qualified employee benefit plans
         of the Employers, or (ii) deferred at the election of the Executive.
         For purposes of this definition, Average Annual Compensation shall not
         include any funds paid to the Executive pursuant to the Executive's
         Initial Employment Agreement in connection with the Corporation's
         initial public offering and termination of the Initial Employment
         Agreement, which was included by Executive as compensation in
         Executive's federal income tax return.

<PAGE>

                                      - 2 -

         2. Section 3(a) of the Agreement is restated to read as set forth
below:

                  (a) The Employers hereby employ the Executive as President and
         Chief Executive Officer of the Corporation and the Bank and the
         Executive hereby accepts said employment and agrees to render such
         services to the Corporation and the Bank on the terms and conditions
         set forth in this Agreement. The term of employment under this
         Agreement shall be for three years, commencing on the date of this
         Agreement and, upon approval of the Boards of Directors of the
         Employers, shall extend for an additional year on each annual
         anniversary of the date of this Agreement such that at any time the
         remaining term of this Agreement shall be from two to three years.
         Prior to each annual anniversary, the Boards of Directors of the
         Employers shall consider and review (after taking into account all
         relevant factors, including the Executive's performance hereunder) an
         extension of the term of this Agreement, and the term shall continue to
         extend each year if the Boards of Directors approve such extension
         unless the Executive gives written notice to the Employers of the
         Executive's election not to extend the term, with such written notice
         to be given not less than thirty (30) days prior to any such
         anniversary date. If any party gives timely notice that the term will
         not be extended as of any annual anniversary date, then this Agreement
         shall terminate at the conclusion of its remaining term. References
         herein to the term of this Agreement shall refer both to the initial
         term and successive terms.

         3. Section 4(b) of the Agreement is restated to read as set forth
below:

                  (b) During the term of this Agreement, the Executive shall be
         entitled to participate in and receive the benefits of any pension or
         other retirement benefit plan, profit sharing, stock option, employee
         stock ownership, or other plans, benefits and privileges given to
         employees and executives of the Employers, to the extent commensurate
         with his then duties and responsibilities, as fixed by the Boards of
         Directors of the Employers. The Employers shall not make any changes in
         such plans, benefits or privileges which would adversely affect the
         Executive's rights or benefits thereunder, unless such change occurs
         pursuant to a program applicable to all executive officers of the
         Employers and does not result in a proportionately greater adverse
         change in the rights of or benefits to the Executive as compared with
         any other executive officer of the Employers. Nothing paid to the
         Executive under any plan or arrangement presently in effect or made
         available in the future shall be deemed to be in lieu of the salary
         payable to the Executive pursuant to Section 4(a) hereof.

<PAGE>

                                      -3-

         4. Subparagraphs (A) and (B) of Section 6(d) of the Agreement are
restated to read as set forth below:

                           (A) pay to the Executive, in either twenty-four (24)
         equal monthly installments beginning with the first business day of the
         month following the Date of Termination or in a lump sum within five
         business days of the Date of Termination (at the Executive's election),
         a cash severance amount equal to two (2) times that portion of the
         Executive's Average Annual Compensation, and

                           (B) maintain and provide for a period ending at the
         earlier of (i) the expiration of the remaining term of employment
         pursuant hereto prior to the Notice of Termination or (ii) the date of
         the Executive's full-time employment by another employer (provided that
         the Executive is entitled under the terms of such employment to
         benefits substantially similar to those described in this subparagraph
         (B)), at no cost to the Executive, the Executive's continued
         participation in all group insurance, life insurance, health and
         accident insurance, disability insurance and other employee benefit
         plans, programs and arrangements offered by the Employers in which the
         Executive was entitled to participate immediately prior to the Date of
         Termination (excluding (x) stock option and restricted stock plans of
         the Employers, (y) bonuses and other items of cash compensation
         included in Average Annual Compensation and (z) other benefits, or
         portions thereof, included in Average Annual Compensation), provided
         that in the event that the Executive's participation in any plan,
         program or arrangement as provided in this subparagraph (B) is barred,
         or during such period any such plan, program or arrangement is
         discontinued or the benefits thereunder are materially reduced, the
         Employers shall arrange to provide the Executive with benefits
         substantially similar to those which the Executive was entitled to
         receive under such plans, programs and arrangements immediately prior
         to the Date of Termination.

         5. A new Section 20 is added to the Agreement to read as set forth
below:

                  20. PAYMENT OF COST AND LEGAL FEES AND REINSTATEMENT OF
         BENEFITS. In the event any dispute or controversy arising under or in
         connection with the Executive's termination is resolved in favor of the
         Executive, whether by judgement, arbitration or settlement, the
         Executive shall be entitled to the payment of (a) all legal fees
         incurred by the Executive in resolving such dispute or controversy, and
         (b) any back-pay, including Base Salary, bonuses and any other cash
         compensation, fringe benefits and any compensation and benefits due to
         the Executive under this Agreement.

<PAGE>

                                      -4-

         6. With the addition of a new Section 20, the current Section 20 of the
Agreement is restated as Section 21 to read as set forth below:

                  21. ENTIRE AGREEMENT. This Agreement and any amendments
         thereto embody the entire agreement between the Employers and the
         Executive with respect to the matters agreed to herein. All prior
         agreements between the Employers and the Executive with respect to the
         matters agreed to herein are hereby superseded and shall have no force
         or effect.

         The Employers and the Executive intend that the Agreement and this
Amendment Number 1 to the Agreement ("Amendment") embody the entire agreement
between the Employers and the Executive with respect to the matters agreed to in
the Agreement, as amended.

         IN WITNESS WHEREOF, the parties have duly executed this Amendment
Number 1 to the Agreement as of this 22nd day of May 2000.

                                    PBOC HOLDINGS, INC.

                                    By:  /s/J. Michael Holmes
                                         --------------------------------------
                                         J. Michael Holmes
                                         Senior Executive Vice President and
                                           Chief Financial Officer

Attest:                             PEOPLE'S BANK OF CALIFORNIA

 /s/Patricia L. Park                By:  /s/J. Michael Holmes
------------------------------           --------------------------------------
                                         J. Michael Holmes
                                         Senior Executive Vice President and
                                           Chief Financial Officer

                                    EXECUTIVE

                                    By:  /s/Rudolf P. Guenzel
                                         --------------------------------------
                                         Rudolf P. Guenzel
                                         President and Chief Executive Officer

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