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Employment Agreement

 

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Title:

Employment Agreement

Entities:

Klever Marketing, Inc.

Date:

2000

Size:

Preview shows 5KB of 23KB total

Price:

$40

ID:

#1104186

 

 


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EMPLOYMENT AGREEMENT - COREY HAMILTON





EMPLOYMENT AGREEMENT


THIS EMPLOYMENT AGREEMENT IS ENTERED INTO AND EFFECTIVE THE 24TH day of
July, 2000 "the "Effective Date") by and between Klever Marketing, Inc., a
Delaware Corporation (the "Company") and Corey Hamilton, (the "Employee").

WITNESSETH:

WHEREAS, the Company and Employee desire to enter into an agreement to
set forth certain of the terms and conditions of Employee's employment as the
President of the Company,

NOW, THEREFORE, in consideration of the mutual covenants hereinafter
contained, the parties hereto agree as follows:

1 Employment; Duties: The Company shall employ Employee as the President
of the Company to perform such duties generally associated with such
office. In such capacity, Employee shall report to and be under direct
supervision of Paul G. Begum, the Company's Chairman/CEO.

2. Term of Agreement: This Agreement shall be effective as of the
Effective Date and shall have a term of twelve (12) months, thereafter,
subject to termination in accordance with section 5.

3. Duties and Restrictions:

3.1 Duties: Employee shall perform, on behalf of the Company, all
duties and services as directed by his/her supervisor and as
are customarily incident to his/her position. Employee shall
devote his/her full time, effort and attention during regular
business ours to the business and affairs of the Company and
shall perform his/her duties and services hereunder to the
best of his/her ability. Employee may serve as a director, as
a trustee or in a similar position with one or more other
additional entities, provided that such service is consented
to in advance by the Board. Any fees or other compensation
received by Employee for service as a director, as a trustee
or in a similar position with another entity shall be retained
by Employee.

3.2 Confidentiality: Employee agrees to execute the form of
Confidentiality and Non-Compete Agreement attached as Exhibit
A hereto (the "Confidentiality Agreement"). Employee hereby
represents to the Company that he/she has complied with all
obligations under the Confidentiality Agreement and will
continue to abide by its terms. He/She further agrees that the
provisions of the Confidentiality Agreement shall survive any
termination of this Agreement of his/her employment by the
company.

4. Compensation: For the duties and services to be performed by Employee
hereunder, the Company shall pay Employee and Employee agrees to accept
the salary and other benefits described below in this Section 4.




4.1 Salary: Employee shall receive a base salary of $150,000 per
year (the "Base Salary"), payable at such times as the other
Employees of the Company are paid.

4.2 Bonuses: Employee shall be eligible to earn performances
bonuses as determined by the Board or its compensation
committee, in its sole discretion.

4.3 Employee Benefits: Employee shall be entitled to participate,
to the extent he/she is eligible under the terms and
conditions thereof, in any hospitalization of medical
insurance plans, life insurance plans, retirement plans or
other employee benefits plans which are generally available to
employees of the Company. The Company shall be under no
obligation to institute or continue the existence of any
employee benefit plan described herein and may from time to
time amend, modify or terminate any such employee benefit
plan.

4.4 Reimbursement of Expenses: Employee shall be authorized to
incur and shall be reimbursed by the Company for reasonable
expenses, provided that such expenses are substantiated in
accordance with Company policics.


 

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