Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - DDI CORP | Financial_Report.xls |
EX-31.2 - SECTION 302 CFO CERTIFICATION - DDI CORP | d328721dex312.htm |
EX-10.5 - GUARANTY - DDI CORP | d328721dex105.htm |
EX-10.3 - CREDIT AGREEMENT - DDI CORP | d328721dex103.htm |
EX-32.1 - SECTION 906 CEO CERTIFICATION - DDI CORP | d328721dex321.htm |
EX-32.2 - SECTION 906 CFO CERTIFICATION - DDI CORP | d328721dex322.htm |
EX-10.2 - DDI CORP. 2012 SENIOR MANAGEMENT BONUS PROGRAM - DDI CORP | d328721dex102.htm |
EX-10.6 - DEED OF TRUST AND ASSIGNMENT OF RENTS AND LEASES - DDI CORP | d328721dex106.htm |
EX-10.4 - PROMISSORY NOTE - DDI CORP | d328721dex104.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - DDI CORP | d328721dex311.htm |
10-Q - FORM 10-Q - DDI CORP | d328721d10q.htm |
Exhibit 10.7
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 Companys 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 |