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| This is a redacted version of one of the documents in our document package. The document samples are html version of the rtf files of the actual documents in the package. As such, formatting will not always appear correct in the samples. | ||
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EMPLOYMENT
AGREEMENT
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EMPLOYMENT AGREEMENT THIS AGREEMENT (the "Agreement")
made effective the _____ day of _________________, 20___, by and
between _______________________________, a _______________________________
(hereinafter called the "Corporation"), and _______________________________(hereinafter
called the "Employee"), whose residence address is _____________________________________. W I T N E S S E T H: In consideration of the
covenants and agreements herein contained and the moneys to be
paid hereunder, the Corporation hereby employs the Employee and
the Employee hereby agrees to perform services as an employee
of the Corporation, upon the following terms and conditions: ARTICLE I DUTIES AND OBLIGATIONS 1.1 Appointment. The Employee is hereby employed by the Corporation to render services
on behalf of the Corporation as [Chief Operations Officer; Chief
Financial Officer; Chief Executive
[Paragraph Omitted But Included In
Fully Licensed Version] 1.2 Acceptance of Employment. Employee accepts employment with the Corporation
upon the terms set forth above and agrees to devote all Employee’s
time, energy and ability to the interests of the Corporation,
and to perform Employee’s duties in an efficient, trustworthy
and business-like manner. 1.3 Devotion of Time to Employment. The Employee shall devote the Employee's best
efforts and substantially all of the Employee's working time to
performing the duties on behalf of the Corporation.
The Employee shall provid
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE II COMPENSATION 2.1 Compensation. The Corporation shall pay to the Employee for each twelve (12) month
term of this Agreement basic and bonus compensation as set
[Paragraph Omitted But Included In
Fully Licensed Version] 2.2
Basic
Compensation.
The Corporation shall pay to Employee basic compe
[Paragraph Omitted But Included In
Fully Licensed Version] 2.3 Bonus.
From time to time, the Corporation may pay to Employee
a bonus out of net revenues of the Corporation. Payment of any
bonus compensation shall be at the sole discretion of t
[Paragraph Omitted But Included In
Fully Licensed Version] 2.4 Benefits. The Corporation shall provide Employee with such benefits as are
provided to other senior management of the Corporation. Benefits shall include at a minimum (i) paid
vacation of ____ days per year, at such times as approved by the
Board of Directors, (ii) health insurance coverage under the same
terms as offered to other employees of the Corporation, (iii)
retirement and
[Paragraph Omitted But Included In
Fully Licensed Version] 2.5 Non Deductible Compensation. In the event a deduction shall be disallowed
by the Internal Revenue Service or a court of competent jurisdiction
for federal income tax purposes for all or any part
[Paragraph Omitted But Included In
Fully Licensed Version] 2.7
Withholding. All sums payable to Employee under this Agreement
will be reduced by all federal, state, local, and other withholdings and similar taxes and payments
required by applicable law. 2.8
Stock
Options.
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE III QUALIFICATIONS 3.1 Qualifications of Employee.
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE IV TERM 4.1 Term of Agreement. The effective date of this Agreement shall
be the date first set forth above, and it shall continue in effect
until the earlier of: a.
[Paragraph Omitted But Included In
Fully Licensed Version] b. T
[Paragraph Omitted But Included In
Fully Licensed Version] c. _______ (___) year(s) from the effective date hereof, provided, that
this Employment Agreement shall automatically renew
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE V PROFESSIONAL FEES The Corporation shall have
exclusive authority to determine the fees, or a procedure for
establishing the fees, to be charged by the Corporation.
All sums paid to the Employee or the Corporation in
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VI CLIENTS AND CLIENT RECORDS The Corporation shall have
the authority to determine who will be accepted as clients of
the Corporation, and the Employee recognizes that such clients
accepted are clients of the Corporation and n
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VII POLICIES AND PROCEDURES The Corporation shall have
the authority to establish from time to time the policies and
procedures to
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VIII TERMINATION 8.1 Termination By Written Agreement. This Agreement may be terminated in writing
by mutual agreement of the Employee and the Corporation. 8.2 Termination for
Cause. The Corporation
may terminate this Agreement at any time without notice if the
Employee becomes unfit to properly perform the anticipated services
on behalf of the Corporation bec
[Paragraph Omitted But Included In
Fully Licensed Version] 8.3
Compensation
After Notice of Termination. After notice of termination
has been given by either Corporation or Employee, as provided
in this
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE IX DISABILITY OF EMPLOYEE 9.1 Definitions. For purposes of this Agreement, whenever used in this Article XII: a. The term "total disability" shall mean that the
[Paragraph Omitted But Included In
Fully Licensed Version] b. The term "partial disability" shall mean that the Employee
is able to perform, to some extent, on
[Paragraph Omitted But Included In
Fully Licensed Version] c. The term "normal monthly salary" shall mean the salary
which the Employee is being paid by the Corporation per month
as of the commenc
[Paragraph Omitted But Included In
Fully Licensed Version] 9.2 Total Disability. During a single period of total disability
of the Employee, the Employee shall be entitled to receive from
the Corporatio
[Paragraph Omitted But Included In
Fully Licensed Version] 9.3 Partial Disability. During a period of partial disability of the
Employee, the Employee shall receive an amount of compensation
computed as follows: a.
[Paragraph Omitted But Included In
Fully Licensed Version] b.
[Paragraph Omitted But Included In
Fully Licensed Version] 9.4 Combination of Total and Partial Disability. If a single period of disability of the Employee
consists of a combination of total disability and pa
[Paragraph Omitted But Included In
Fully Licensed Version] 9.5 Broken Periods of Disability. A period of disability may be continuous or
broken. If broken into
partial periods of disability which are separated by intervening
p
[Paragraph Omitted But Included In
Fully Licensed Version] 9.6
Termination
Due to Disability. If and when the period of total or partial
disability of the Employee totals three (3) months, the Employee's
[Paragraph Omitted But Included In
Fully Licensed Version] 9.7
Commencement
Date of Disability. The commencement date of a period of disability,
whether it be a continuous period or the aggregate of successive
partial periods, shall be the first day on which the Employee
is disabled. 9.8 Dispute Regarding Existence of Disability. Any dispute regarding the existence, extent
or continuance of the disability shall be resolved by the determination
of a majority of three (3) competent physicians, one (1) of whom
shall be selected by the Corporation, one (1) of whom shall be
selected by the Employee and the third (3rd) of whom shall be
selected by the other two (2) physicians so selected. 9.9
Death
of Employee. In the event the Employee shall die during
the term hereof, the Corporation shall pay to the Employee's surviving
spouse, or if the
[Paragraph Omitted But Included In
Fully Licensed Version] 9.10 American’s With Disabilities
Act.
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE X RESTRICTIVE COVENANTS 10.1 Restrictive Covenants. The Employee acknowledges that the Corporation,
through its employment of the Employee, has provided the Employee
with confidential information, business and professional contacts,
stock ownership in the Corporation, and the ability to service
and otherwise have access to the Corporation's clients.
The Employee further acknowledges that such confidential
information, business and professional contacts, and the ability
to service and otherwise have access to the Corporation's clients
are the result of his employment by the Corporation.
In consideration of the foregoing and of the benefits generally
provided to the Employee by the Corporation pursuant to the terms
of this Agreement and otherwise, the Employee agrees to abide
and be bound by the restrictions and prohibitions of this Article,
which restrictions are intended by the parties to extend to any
and all activities of the Employee, whether as an independent
contractor, partner or joint venturer, or as
[Paragraph Omitted But Included In
Fully Licensed Version] 10.2 Hiring.
The Employee agrees that during the Employee's employment
with the Corporation and for a period of two (2) years following
the termination of this Agreement, whether the termination
[Paragraph Omitted But Included In
Fully Licensed Version] 10.3 Confidentiality;
Disclosure; Proprietary Information. Employee recognizes and acknowledges that all
records with respect to clients, business associates, customer
or referral lists, contracting parties and referral sources
[Paragraph Omitted But Included In
Fully Licensed Version] 10.4 Solicitation. The Employee further agrees that during the term of this Agreement
and following the
[Paragraph Omitted But Included In
Fully Licensed Version] 10.6 Covenants Independent. Each restrictive covenant on the part of the
Employee set forth in this Agreement shall be construed as a covenant
independent of any other covenant or provisions of t
[Paragraph Omitted But Included In
Fully Licensed Version] 10.7 Proprietary Creations. All processes, inventions,
patents, copyrights, trademarks, and other intangible rights (collectively
the "Inventions")
that may be conceived or developed by Employee, either alone or
with others, during the term of Employee's employment, whether
or not conceived or developed
[Paragraph Omitted But Included In
Fully Licensed Version] relates to the business and interests of the Company and that Employee
conceives, develops, or delivers to the Company at any time during
the term of Employee's employment.
"Inventions" shall also include
[Paragraph Omitted But Included In
Fully Licensed Version] 10.8 Divisibility of Covenant Areas and Periods. If any portion of the restrictive covenants
contained herein is held to be unreasonable, arbitrary or against
public policy, each covenant sha
[Paragraph Omitted But Included In
Fully Licensed Version] 10.9 Injunctive and Equitable Relief. Employee and Corporation recognize and expressly
agree that the extent of damages to Corporation in the event of
a breach by Employee of any restrictive covenant set forth herein
would be impossible to ascertain, that the irreparable harm arising
out o
[Paragraph Omitted But Included In
Fully Licensed Version] 10.10 Venue; Court Proceedings.
The Employee and the Corporation hereby agree that the
venue of any action, proceeding, counterclaim, crossclaim, or
other litigation relating to, involving, or resulting from the
enforcement of this covenant shall be in ____________________.
In any action or proceeding by Employee relating to or
involving the enforcement of the covenant, and any counterclaim,
crossclaim or other litigation which may be asse
[Paragraph Omitted But Included In
Fully Licensed Version] 10.11 Indemnification. The Employee hereby agrees to indemnify and
hold the Corporation and its officers, directors, shareholders
and employees harmless from and against any loss, claim, damage
or expense, and/or all costs of prosecution or defense of their
rights hereunder, whether in judicial proceedings, including appellate
proceedings, or whether out of court, including without limiting
the generality of the foregoing, attorneys' fees, and all costs
and expenses of litigation, arising from or growing out of the
Employee's breach or threatened breach of any covenant contained
herein. 10.12 Acknowledgment. The Employee acknowledges that when this Agreement
is concluded, the Employee will be able to earn a living without
violating th
[Paragraph Omitted But Included In
Fully Licensed Version] 10.13 Survival of Covenants.
All restrictive covenants contained in this Agreement shall
survive the termination of this Agreement. ARTICLE XI MISCELLANEOUS 11.1 Limitations on Authority. Without the express written consent from the
Corporation, the Employee shall have no apparent or implied authority
to: (i) Pledge the credit of the Corporation or any of its other
employees; (ii) Bind the Corporation under any contract, agreement,
note, mortgage or otherwise; (iii) Release or discharge any debt
due the Corporation unless the Corporation has received the full
amount thereof; or (iv) sell, mortgage, transfer or otherwise
dispose of any assets of the Corporation. 11.2 Representation and Warranty of Employee. The Employee acknowledges and understands that
the Corporation has extended employment opp
[Paragraph Omitted But Included In
Fully Licensed Version] 11.3 Invalid Provision; Severability. The invalidity or unenforceability of a particular
provision of this Agreement shall not
[Paragraph Omitted But Included In
Fully Licensed Version] 11.4 Modification. No change or modification of this Agreement shall be valid unless
the same be in writing and signed by the parties hereto. 11.5 Applicable Law and
Binding Effect; No Waiver.
This Agreement shall be construed and regulated under and
by the laws of the State of Florida, and shall inure to the benefit
of and be binding upon the parties hereto and their respective
heirs, personal representatives, successors and assigns; but may
not be assigned except as otherwise provided elsewhere herein. 11.6 Entire Agreement. This Agreement contains the entire agreement
and supersedes all prior agreements and understandings, oral or
written, with respect to the subject matter hereof.
This Agreement may be changed only by an agreement in writing
signed by the party against whom any waiver, change, amendment,
modification, or discharge is sought. 11.7 Notices. Any and all notices or other communication provided for herein,
shall be given by registered or certified mail, return receipt
requested, in case of the Corporation to its principal office,
and in the case of the Employee to the Employee's residence address
set forth on the first page of this Agreement or to such other
address as may be designated by the Employee. 11.8 Attorneys' Fees. In the event that either party is required
to engage the services of legal counsel to enforce the terms and
conditions of this Agreement against the other party, regardless
of whether such action results in litigation, the prevailing party
shall be entitled to reasonable attorneys' fees, costs of legal
assistants, and other costs from the other party, which shall
include any fees or costs incurred at trial or in any appellate
proceeding, and expenses and other costs, including any accounting
expenses incurred. IN WITNESS WHEREOF, the
undersigned parties hereby execute this Agreement on the ____
day of ____________, 20__, to be effective the date first set
forth above. _____________________________ Attest: By:_______________________ By:_____________________________ __________________, Secretary __________________,
President (CORPORATE SEAL) "CORPORATION" Witnesses as to Employee: _________________________ ________________________________ _________________________ "EMPLOYEE" |
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