OPINION RESEARCH CORP
MAHNKE EMPLOYMENT AGREEMENT
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<TYPE>EX-10.7
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<FILENAME>dex107.htm
<DESCRIPTION>MAHNKE EMPLOYMENT AGREEMENT
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.7 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B><I>EXECUTIVE AGREEMENT </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">THIS EXECUTIVE AGREEMENT (the &#147;Agreement&#148;) is made as of this
22nd day of February, 2002 by and between OPINION RESEARCH CORPORATION, a Delaware Corporation (the &#147;Company&#148;), and Gregory N. Mahnke (the &#147;Executive&#148;). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>W I T N E S S E T H: </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Company believes that it would
benefit from the application of the Executive&#146;s particular and unique skill, experience and background in the management and operation of the Company, and wishes to employ the Executive as a senior executive of the Company; and </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the parties desire by this Agreement to set forth the terms and conditions of the employment relationship between the Company and the Executive;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW THEREFORE, in consideration of the foregoing and the mutual covenants in this Agreement, the Company and the Executive agree as
follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. <U>Employment and Duties</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(a) The Company hereby employs the Executive on the terms and conditions provided in this Agreement and the Executive agrees to accept such employment subject to the terms and conditions of this Agreement. The
Executive shall have responsibility for carrying out duties as determined by the Chief Executive Officer of the Company or his authorized designee, as well as such other executive duties and responsibilities, as shall from time to time be determined
by the Chief Executive Officer of the Company and the Company&#146;s Board of Directors. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Executive shall devote
his/her full working time, energy, skill and best efforts to the performance of his/her duties, hereunder, in a manner that will faithfully and diligently further the business and interests of the Company, and shall not be employed by, or
participate or engage in or in any manner be a part of the management or operation of any business enterprise other than the Company without the prior written consent of the Chief Executive Officer of the Company. Notwithstanding the above, the
Executive shall be permitted to the extent such activities do not interfere or conflict with the performance of the Executive&#146;s duties and responsibilities hereunder, (i)&nbsp;to serve on civic, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">charitable or professional boards or committees (it being expressly understood and agreed that the Executive&#146;s continuing to serve on any such board
and/or committees on which the Executive is serving, or with which the Executive is otherwise associated (each of which has been disclosed to the Company in writing prior to the execution of the Executive&#146;s Agreement), as of the date of this
Agreement, shall be deemed not to interfere with the performance by the Executive of the Executive&#146;s duties and responsibilities under this Agreement) and (ii)&nbsp;with the prior written consent of the Chief Executive Officer, to write
academic, trade or mainstream papers or other publishable books (it being expressly understood and agreed that no such writings can interfere with the Executive&#146;s obligations under the Employee Agreement containing the confidentiality and
non-solicitation agreement [&#147;Employee Agreement&#148;] he/she has also entered into with the Company). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The
Executive represents and warrants to the Company that he/she is under no contractual or other restriction or obligation which conflicts with, violates or is inconsistent with the execution of this Agreement, the performance of the Executive&#146;s
duties hereunder, or the other rights of the Company hereunder. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Without the Company&#146;s prior written consent, the
Executive shall not obtain goods or services or otherwise deal on behalf of the Company with any business or entity in which the Executive or a member of his/her family has a financial interest or from which the Executive or a member of his/her
immediate family may derive a financial benefit as a result of such transaction, except that this prohibition shall not apply to any public company in which the Executive or a member of his/her family owns less than one percent of the outstanding
stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Term</U>. The initial term of this Agreement shall commence on the date hereof and shall terminate on December&nbsp;31, 2002
(the &#147;Initial Term&#148;), unless earlier terminated in accordance with the terms of this Agreement. This Agreement shall continue in full force and effect after the expiration of the Initial Term (the &#147;Extended Term&#148;), which Extended
Term may be terminated by the Company for any reason with at least 30 days prior written notice. Paragraph 8 shall apply to such termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">3. <U>Compensation</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Base Compensation</U>. As compensation for performing the services required by this
Agreement, the Company shall pay to the Executive an annual </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">salary, determined by the CEO, (&#147;Base Compensation&#148;) payable in equal installments pursuant to the Company&#146;s customary payroll procedures in
effect for its executive personnel at the time of payment, but in no event less frequently than monthly, subject to withholding for applicable federal, state, and local taxes. The Executive shall not be entitled to additional compensation for
serving on any Company board on which the Executive may be asked to serve. The Executive&#146;s Base Compensation shall not be reduced during the term of this Agreement. The Executive&#146;s Base Compensation shall be reviewed annually by the
Company&#146;s Chief Executive Officer no later than March of each calendar year, it being understood that there shall be no obligation to increase the Executive&#146;s Base Compensation as a result of such review. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Incentive Compensation</U>. In addition to Base Compensation, the Executive may receive additional compensation (&#147;Incentive
Compensation&#148;). The Incentive Compensation shall be pursuant to short-term and/or long-term incentive compensation programs which shall be established from time to time by the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Executive Benefits</U>. During the term of this Agreement the Executive and his/her eligible dependents shall have the right to participate in any
retirement plans (qualified and non-qualified), pension, insurance, health, disability or other benefit plan or program that has been or is hereafter adopted by the Company (or in which the Company participates), according to the terms of such plan
or program. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Vacation and Leaves of Absence</U>. The Executive shall be entitled to vacation days during each calendar year as
provided to other Executives of the Company in accordance with the policies of the Company. Any vacation days that are not taken in a given calendar year shall not accrue or carry over from year to year. Upon any termination of this Agreement for
any reason whatsoever, accrued and unused vacation for the year in which this Agreement terminates will be paid to the Executive within ten (10)&nbsp;days of such termination based on his/her Base Compensation in effect on the date of such
termination. In addition, the Executive shall be entitled to the same sick leave and holidays provided to other Executives of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">6. <U>Business Expenses</U>. The Executive shall be promptly reimbursed against presentation of vouchers or receipts for all reasonable and necessary expenses incurred by him/her in connection with the performance of business-related
duties. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Indemnification</U>. The Company shall (and is hereby obligated to) indemnify (including advance
payment of expenses) the Executive in each and every situation where the Company is obligated to make such indemnification pursuant to applicable law and the relevant portions of the Company&#146;s Certificate of Incorporation and By-Laws. Such
indemnification shall in each case include payment of reasonable attorneys fees and expenses, including where permitted by applicable law, advancement of reasonable attorneys fees and expenses. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>Termination and Termination Benefits</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(a) <U>Termination by the Company For Cause</U>. The Company may terminate this Agreement prior to its expiration date without prior notice for &#147;cause.&#148; In such event, the Executive shall be paid for his/her
services hereunder only the Base Compensation up to the effective date of such termination. For purposes of this Section&nbsp;8(a), &#147;cause&#148; shall mean (i)&nbsp;an act of dishonesty by the Executive constituting a felony or resulting or
intended to result in gain to, or personal enrichment of the Executive at the Company&#146;s expense, (ii)&nbsp;the engaging by the Executive in misconduct which is demonstrably injurious to the Company, (iii)&nbsp;the refusal of the Executive
substantially to perform his/her duties hereunder, which refusal has not been cured within seven (7)&nbsp;days after receipt of written notice from the Chief Executive Officer, (iv)&nbsp;the violation of any reasonable express direction of the Chief
Executive Officer of the Company, his authorized designee, or the Company&#146;s Board of Directors, or of any reasonable rule, regulation, policy or plan established by the Company from time to time which governs the Executive in the performance of
his/her work, which violation has not been cured within seven (7)&nbsp;days after receipt of written notice from the Chief Executive Officer, (v)&nbsp;the use by the Executive of any illegal substance, or the use by the Executive of alcohol or any
controlled substance to an extent that it interferes with the performance of the Executive&#146;s duties under this Agreement, and (vi)&nbsp;the substantial breach by the Executive of his/her obligations in this Agreement. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Termination by the Company Without Cause</U>. The Company may terminate this Agreement at any time (within the Initial Term or the
Extended Term) and for any reason upon 30 days&#146; written notice to the Executive. In the event of such termination, except if termination is pursuant to subparagraphs (a), (d), (e), or (g)&nbsp;of this </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">Paragraph 8, the Executive shall be entitled, as his/her sole remedy and subject to the terms and conditions of subparagraph (c)&nbsp;of this Paragraph 8, to
continue to receive his/her Base Compensation and medical and life insurance benefits, if permitted by the applicable Company insurance plans, until 11 months after the effective date of such termination. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Compliance with Employee Agreement, Non-Competition Agreement and Execution of Release</U>. The Company&#146;s obligation to pay
the Executive&#146;s Base Compensation and applicable benefits under paragraph (b)&nbsp;of this Paragraph 8 is expressly conditioned upon the Executive&#146;s continued compliance with the terms and conditions of the Employee Agreement he/she has
entered with the Company, including without limitation, those obligations relating to the company&#146;s confidential information and intellectual property and the non-solicitation of company customers and employees. The Company&#146;s obligation
under paragraph (b)&nbsp;of this Paragraph 8 is further conditioned upon the Executive&#146;s execution and delivery to the company of a Release Agreement, as drafted at the time of the Executive&#146;s termination of employment, including, but not
limited to: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(I) An unconditional release of all rights to any claims, charges, complaints, grievances, known or unknown to
the Executive, against the Company, its affiliates or assigns, through the date of the Executive&#146;s termination from employment. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(II) A representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Company, its affiliates or assigns. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(III) An agreement to maintain the confidentiality of the release. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Disability of Executive</U>. If the Executive is permanently disabled (as defined in the Company&#146;s long-term disability
insurance policy then in effect), then the Chief Executive Officer of the Company shall have the right to terminate the Executive&#146;s employment upon 30 days prior written notice to the Executive at any time during the continuation of such
disability. In the event the Executive&#146;s employment is terminated for disability in accordance with this subparagraph (d)&nbsp;of this Paragraph 8, the Company shall not thereafter be obligated to make any further payments hereunder other than
(i)&nbsp;the accrued obligations through the date of such termination and (ii)&nbsp;continued Base Compensation and medical and life insurance benefits, until the earlier of (x)&nbsp;such time as </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">payments to the Executive commence under the Company&#146;s long-term disability insurance policy then in effect, or (y)&nbsp;until 11 months after the
effective date of each termination. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Termination by the Executive Without Cause.</U> The Executive may terminate this
Agreement at any time and for any reason upon 30 days&#146; written notice to the Company (during which period the Executive shall, if requested in writing by the Company, continue to perform his/her duties as specified under this Agreement.) In
such event, the Executive shall be paid only the Base Compensation for his/her services hereunder up to the effective date of such notice. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(f) <U>Termination by the Executive With Cause.</U> The Executive may terminate this Agreement prior to its expiration date or any extension thereof without prior notice for &#147;cause&#148;, in which event the
Executive shall be compensated in the same manner as if the Company had terminated the Executive without cause pursuant to Paragraph 8(b). For purposes of this Paragraph 8(f), &#147;cause&#148; shall mean exclusively (i)&nbsp;a material reduction in
the level of responsibility or authority of the Executive, (ii)&nbsp;the Company&#146;s substantial breach of its obligations in this Agreement, or (iii)&nbsp;the relocation of the Executive&#146;s principal place of employment by the Company to a
location more than fifty (50)&nbsp;miles from his/her then current assignment. The Executive must provide notice to the Company that the Executive is intending to terminate his/her employment within one hundred and twenty (120)&nbsp;days after the
Executive has actual knowledge of the occurrence of an event he/she believes constitutes cause. In the event the Executive delivers to the Company a notice of termination for cause, the Executive agrees to appear before a meeting with the Chief
Executive Officer of the Company (after reasonable notice) and specify the particulars. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Death Benefit.</U>
Notwithstanding any other provision of this Agreement, this Agreement shall terminate on the date of the Executive&#146;s death. In such event, the Executive&#146;s estate shall be paid his/her Base Compensation for the remainder of the month in
which such termination occurs. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Prior Agreements, Conflicts of Interest</U>. The Executive represents to the Company that
(a)&nbsp;there are no restrictions, agreements or understandings, oral or written, to which the Executive is a party or by which the Executive is bound that prevent or make unlawful the Executive&#146;s execution or performance of this Agreement;
(b)&nbsp;none of the information supplied by the Executive to the Company or any representative of the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">Company in connection with the Executive&#146;s employment by the Company misstated a material fact or omitted material information necessary to make the
information supplied not misleading; and (c)&nbsp;the Executive does not have any business or other relationship that creates a conflict between the interests of the Executive and the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Miscellaneous</U> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(a) <U>Arbitration</U>. All disputes, claims, or controversies arising out of or in connection with this Agreement, the Executive&#146;s employment or its termination, including but not limited to those concerning workplace discrimination
and all other statutory claims, shall exclusively be submitted to and determined by final and binding arbitration before a single arbitrator (&#147;Arbitrator&#148;) of the American Arbitration Association (&#147;AAA&#148;) in accordance with the
association&#146;s then current rules for the resolution of employment disputes (&#147;the Rules&#148;). The Arbitrator shall be selected in accordance with the Rules. The parties consent to the authority of the arbitrator, if the arbitrator so
determines, to award fees and expenses (including legal fees) to the prevailing party in the arbitration. Notwithstanding the foregoing, the Company shall be entitled to enforce the provisions of the Employee Agreement entered separately with
Executive hereof through proceedings brought in a court of competent jurisdiction. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Severability; Reasonableness of
Agreement</U>. If any term, provision or covenant of this Agreement or part thereof, or the application thereof to any person, place or circumstance shall be held to be invalid, unenforceable or void by a court or competent jurisdiction, the
remainder of this Agreement and such term, provision or covenant shall remain in full force and effect and any such invalid, unenforceable or void term, provision or covenant shall be deemed, without further action on the part of the parties hereto,
modified, amended and limited, and the court shall have the power to modify, amend and limit any such term, provision or covenant, to the extent necessary to render the same and the remainder of the Agreement valid, enforceable and lawful.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Assignment; Benefit</U>. This Agreement shall not be assignable by the Executive, other than the Executive&#146;s
rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon the Executive&#146;s death, this Agreement and all rights of the Executive hereunder shall inure to the benefit of and be
enforceable by the Executive&#146;s beneficiary or beneficiaries, personal </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">or legal representatives, or estate, to the extent any such person succeeds to the Executive&#146;s interests under this Agreement. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Notices</U>. All notices hereunder shall be in writing and shall be sufficiently given if hand-delivered, sent by documented
overnight delivery service, registered or certified mail, postage prepaid, return receipt requested or by telegram or telefax (confirmed by U.S. mail), receipt acknowledged, addressed as set forth below or at such other address for either party as
may be specified in a notice given as provided herein by such party to the other. Any such notice shall be deemed to have been given as of the date received, in the case of personal delivery, or on the date shown on the receipt or confirmation
therefore, in all other cases. Any and all service or process and any other notice in any such action, suit or proceeding shall be effective against any party if given as provided in this Agreement; provided that nothing herein shall be deemed to
affect the right of any party to serve process in any other manner permitted by law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If to the Company: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Opinion Research Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">23 Orchard Road
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Skillman, New Jersey 08558 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman"
SIZE="2">Attention: Chief Executive Officer </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Fax # (908) 281-5105 </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If to the Executive: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Gregory N. Mahnke
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">28 DeForest Heights </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman"
SIZE="2">Burlington, VT 05401 </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Entire Agreement and Modification</U>. With the exception of the Employee Agreement
separately entered into between the parties, this Agreement constitutes the entire agreement between the parties hereto with respect to the matters contemplated herein and supersedes all prior agreements and understandings with respect thereto. No
amendment, modification, or waiver of this Agreement shall be effective unless in writing. Neither the failure nor any delay on the part of any party to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power, or privilege with respect to such occurrence or with respect to any other
occurrence. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Governing Law</U>. This Agreement is made pursuant to, and shall be construed and
enforced in accordance with, the laws of the State of New Jersey and the federal laws of the United States of America, to the extent applicable, without giving effect to otherwise applicable principles of conflicts of law. The parties hereto
expressly consent to the jurisdiction of any state or federal court located in New Jersey, and to venue therein, and consent to the service of process in any such action or proceeding by certified or registered mailing of the summons and complaint
therein directed to the Executive or the Company, as the case may be, at its address as provided in subsection (d)&nbsp;of this Paragraph 10. Nothing herein shall affect the parties&#146; obligations to submit disputes to arbitration under Paragraph
10(a) of this Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Withholding</U>. All payments hereunder shall be subject to any required withholding of
Federal, state and local taxes pursuant to any applicable law or regulation. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(h) <U>Headings; Counterparts</U>. The
headings of paragraphs in this Agreement are for convenience only and shall not affect its interpretation. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which, when taken
together, shall be deemed to constitute the same Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Further Assurances</U>. Each of the parties hereto shall
execute such further instruments and take such other actions as the other party shall reasonably request in order to effectuate the purposes of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>IN WITNESS WHEREOF, </B>the parties have executed this Agreement as of the date first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">THE EXECUTIVE</FONT></P></TD>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">OPINION RESEARCH CORPORATION</FONT></P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
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<IMG SRC="g83729img01.jpg" ALT="LOGO"></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">John F. Short</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Chairman and CEO</FONT></P></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></P>

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