EX-10.11 26 file022.htm LETTER FROM CLARKE AMERICAN CHECKS TO M. DANIELS



                         [LETTERHEAD OF CLARKE AMERICAN]


June 1, 2004

Molly Daniels
149 E. Hollywood
San Antonio, TX 78212

Dear Molly:

I am pleased to extend this offer of employment to you for the position of Vice
President Human Resources, reporting to me effective May 16, 2004.

Your compensation package will include:

o     A starting base biweekly salary of $144,538.00/yr if annualized

o     Your bonus opportunity will be prorated based on time in position. You are
      eligible for the Company Bonus Plan, as already communicated to you
      through April 2004. Effective May 2004, you will be eligible for up to 50%
      of you base salary as part of the Novar Group Bonus Scheme.

o     You will be included in an executive share option plan provided by Novar
      plc. In this plan, you will be eligible to receive Novar plc stock options
      beginning in 2005, at a price set at the date of grant. These shares are
      publicly traded in pounds sterling on the London Stock Exchange.
      Currently, such stock options vest three (3) years following the issue
      date and are subject to various conditions. In the past, positions
      equivalent to yours have received approximately one-third of annual base
      salary in grants. This plan is subject to change or cancellation at the
      discretion of the Novar plc Board of Directors.

o     Executive car allowance of $495.00 per month (gross).

o     Four weeks paid vacation annually (prorated based on effective date) along
      with personal days and holidays per company policy.

o     Company Executive Benefits package to include physicals and life
      insurance.

o     All benefits and incentive plans will remain the same and apply in
      accordance with company policies and guidelines.

This letter shall not constitute, or be evidence of any agreement or
understanding, expressed or implied, on the part of Clarke American to employ
you for any definite period of time, nor shall it alter your status as an
at-will employee of Clarke American.

If these provisions meet with your approval, please sign one original and return
to me. Retain the other original for your records. We look forward to working
with you and hope that you will accept our offer of employment. I believe that
you can make a significant and lasting contribution to the future of our
company, and just as importantly, I believe that you will thoroughly enjoy your
career with Clarke American.


Sincerely,

/s/ Kaari Swope

Kaari Swope
Vice President/General Manager Customer Service


ACCEPTED:  /s/ Molly S. Daniels                     DATE: 6/2/04
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