EXHIBIT 10.16
CONSULTING AGREEMENT
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AGREEMENT made this 3rd day of May, 1996 by and between RAYMOND N. SMITH of 28622 Highgate Drive, Bonita Springs, Florida 33923 (the "Consultant") and ACCENT COLOR SCIENCES, INC., a Connecticut corporation, having its place of business at 800 Connecticut Boulevard, East Hartford, Connecticut (the "Company").
W I T N E S S E T H:
WHEREAS, the Consultant has to the date hereof held the position of Chairman of the Board of Directors of the Company under a certain Employment Agreement dated December 14, 1993; and
WHEREAS, the Consultant is desirous of relinquishing such position as of the date hereof and terminating such Employment Agreement; and
WHEREAS, the Consultant, in addition to his other business pursuits, is willing to assist the Company with respect to its organizational and financial affairs from time to time in the future; and
WHEREAS, the Company wishes to secure the services of the Consultant on the terms hereinafter provided;
NOW, THEREFORE, the Consultant and the Company hereby mutually agree as follows:
1. The Company hereby engages the Consultant and the Consultant agrees to ...
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