Analysts International Change of Control Salary Severance Commitment for Employee

Summary

This agreement is between Analysts International and an employee, providing that if there is a change of control at Analysts International, the company will either continue the employee's current employment for 36 months without relocation or salary reduction, or pay a lump sum severance equal to 36 months' salary if the employee is terminated during that period. The severance is unconditional and not affected by the employee finding new work. The agreement only takes effect if a change of control occurs and remains valid unless terminated with six months' notice.

EX-10.J 4 a2026388zex-10_j.txt EX-10.J A N A L Y S T S I N T E R N A T I O N A L - -------------------------------------------------------------------------------- INTER-OFFICE COMMUNICATION TO: FROM: F.W. Lang LOCATION: Corporate CC: DATE: RE: EMPLOYMENT COMMITMENT- SALARY SEVERANCE PROTECTION In consideration of your continuing to be employed by Analysts International, Analysts International agrees with you that in the event there is a change of control of Analysts International, then Analysts International will (i) continue your employment for a period of thirty-six (36) months on the same basis as you are now employed (without any required relocation or salary reduction), or (ii) provide you a severance payment of thirty-six (36) months' salary in the event your employment is terminated by Analysts International during that period. The salary severance payment is due and payable immediately on termination of employment in one lump sum. Your right to the severance payment on such a termination is absolute and not conditional on your ability to find suitable employment after a diligent search and is not subject to revocation should you find suitable employment. You do, however, remain free to terminate your employment, but no severance payment will be made to an employee who terminates. This commitment is not a current employment contract. This employment continuation or severance commitment only becomes effective if there is a change in control. "Change of control" for the purpose of this commitment shall mean the acquisition after December 31, 1987 by any person or group of related persons of more than a majority in interest of the outstanding voting stock of Analysts International, or a change in a majority of Analysts International's Board of Directors as a result of a proxy solicitation not approved by a majority of the current Board. This commitment by Analysts International to you will continue in effect so long as you are employed by Analysts International unless terminated by six-month notice. FWL