Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Employment Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Employment Agreement

Entities:

Advanced Power Technology Inc.; Power Technology, Inc.

Date:

2000

Size:

Preview shows 4KB of 18KB total

Price:

$39

ID:

#1110888

 

 


► Services ► Business Services
► Technology ► Semiconductors

 

 

Start of Preview






ADVANCED POWER TECHNOLOGY, INC.

EMPLOYMENT AGREEMENT

(SALES PERSONNEL)


THIS EMPLOYMENT AGREEMENT is made and entered into this 19 day of SEPTEMBER
1988, by and between ADVANCED POWER TECHNOLOGY, INC., a Delaware corporation
("Company") and THOMAS A. LODER, an individual ("Employee").

WHEREAS, Company desires to employ Employee upon the terms and conditions
hereinafter set forth, and Employee desires to be so employed;

NOW, THEREFORE, in consideration of the mutual promises contained herein,
Company and Employee agree as follows:

1. EMPLOYMENT

Company hereby employees Employee as SOUTHERN SALES MANAGER of the Company
with the powers an duties consistent with such position, and Employee
hereby accepts such employment, on the terms and conditions hereinafter set
forth. Employee, subject to the control of the Management of Company,
agrees to diligently utilize his or her best efforts to further the
interests of the Company and to discharge those responsibilities and duties
required for the planning, development, operation, promotion and
advancement of the Company, and such other duties as Company may require.

2. TERM AND TERMINATION

2.1 This Agreement shall terminate upon the happening of any of the
following events:

(a) By mutual agreement between Company and Employee;

(b) Unilaterally by Employee without cause;

(c) Upon the death of Employee;

(d) By the Company upon the good faith determination of the Chief
Executive officer of Company that Employee has become so physically or
mentally disabled as to be incapable of satisfactorily performing his
or her duties hereunder for a period of ninety (90) days during any
six month period, such determination may be based upon a certificate
as to such physical or mental disability issued by a licensed
physician and/or psychiatrist (as the case may be) employed by
Company; or

(e) By the Company for cause, that is to say only upon Employee's
conviction of a felony, commission of any material act of dishonesty
against the Company,




material breach of this Agreement by Employee, or misconduct by
Employee having a substantial adverse effect on the business of the
Company.

(f) By the Company without cause, in which event (Section 2.2 to the
contrary not withstanding) the Company will continue to pay Employee
the full amount due as salary for a period of thirty days following
notice of termination.

2.2 In the event that this Agreement is terminated pursuant to Paragraph
2.1, neither Company nor Employee shall have any remaining duties or
obligations hereunder, except that Company shall pay to Employee, or his or
her representatives, such compensation as is due pursuant to Section 3. The
provisions of Section 4-6 shall survive termination.

2.3 This Agreement shall not be terminated by any:

(a) Merger, whether the Company is or is not the surviving
corporation; or

(b) Transfer of all or substantially all of the assets of the
Company; or

(c) Voluntary or involuntary dissolution or liquidation of the
Company; or

(d) Consolidation to which the Company is a party.

In the event of any such merger, transfer of assets, dissolution,
liquidation, or consolidation, the surviving corporation or transferee, as
the case may be, shall be bound by and shall have the benefits of this
Agreement, and Company shall take all action to ensure that such

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC