Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - DDI CORPFinancial_Report.xls
EX-31.2 - SECTION 302 CFO CERTIFICATION - DDI CORPd328721dex312.htm
EX-10.5 - GUARANTY - DDI CORPd328721dex105.htm
EX-10.3 - CREDIT AGREEMENT - DDI CORPd328721dex103.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - DDI CORPd328721dex321.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - DDI CORPd328721dex322.htm
EX-10.2 - DDI CORP. 2012 SENIOR MANAGEMENT BONUS PROGRAM - DDI CORPd328721dex102.htm
EX-10.6 - DEED OF TRUST AND ASSIGNMENT OF RENTS AND LEASES - DDI CORPd328721dex106.htm
EX-10.4 - PROMISSORY NOTE - DDI CORPd328721dex104.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - DDI CORPd328721dex311.htm
10-Q - FORM 10-Q - DDI CORPd328721d10q.htm

Exhibit 10.7

 

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April 3, 2012

Mikel H. Williams

Dear Mikel:

If the sale of DDi Corp. (the “Company”) is consummated pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”) by and between the Company, Viasystems Group, Inc., (“Parent”) and Victor Merger Sub Corp., a wholly-owned Subsidiary of Parent, dated as of April 3, 2012 (“the Merger”), the Company will, immediately prior to the Closing (as defined in the Merger Agreement), contribute to a grantor trust, with terms substantially similar to the terms of the trust agreement attached as Exhibit B to Section 6.06(g) of the Company Disclosure Schedule (the “Trust”), the cash severance described in subsections (i), (ii) and (iii) of Section 5(e) of your employment agreement with the Company dated April 7, 2008 (the “Employment Agreement”) that is payable to you if the Company terminates your employment without “cause” or you terminate your employment for “good reason” as such terms are defined in the Employment Agreement (the “Severance Amount”). Upon the Company’s deposit of the Severance Amount in the Trust, the Company shall have no further obligations to you in respect of the Severance Amount, other than your rights under Sections 16 and 17 of your Employment Agreement.

The Severance Amount will be paid to you in accordance with Sections 5(e) (including your satisfaction of the release requirement) and 17 of the Employment Agreement. Notwithstanding anything herein or otherwise to the contrary, the provisions of Sections 16 and 17 of your Employment Agreement shall apply to any payment you receive from Parent.

Please sign the acknowledgement below and return to me.

 

Sincerely,
/s/ Kurt E. Scheuerman
Kurt E. Scheuerman
Vice President & General Counsel
Acknowledged and agreed to by:

/s/ Mikel H. Williams

Mikel H. Williams
Date: April 3, 2012

 

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