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Independent Contractor Agreement

 

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Title:

Independent Contractor Agreement

Entities:

PriceSmart, Inc.

Date:

2003

Size:

Preview shows 6KB of 19KB total

Price:

$38

ID:

#1119401

 

 

► Fee Agreements ► Contractor ► Independent Contractor Agreements
► Retail ► Department & Discount

 

 

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INDEPENDENT CONTRACTOR AGREEMENT

 

This Independent Contractor Agreement (this Agreement) is effective as of April 1, 2003 by and between PriceSmart, Inc., a Delaware corporation (Price), and Gilbert A. Partida, an individual (Contractor), with respect to the following facts:

 

Recitals

 

A. Price has established and operates membership warehouse clubs in the Caribbean, Central America, Mexico and Asia.

 

B. Contractor has significant experience in connection with the operation of international membership warehouse clubs.

 

C. Price desires to have the ability to utilize Contractors expertise in connection with the operation of Prices membership warehouse clubs, and Contractor is willing to provide same to Price.

 

D. The parties desire to set forth their relationships in accordance with the terms of this Agreement.

 

Now, therefore, in consideration of the representations set forth above, and in this Agreement, the parties hereto covenant and agree as follows:

 

Agreement

 

1. Duties: Price hereby engages Contractor as its nonexclusive independent contractor to assist Price, at mutually agreed-upon times, in the operation of Prices membership warehouse clubs in the areas of financial and currency-related matters, import/export and customs related matters, personnel, operating systems and general oversight of operations. Contractor shall be available to so assist Price for up to two hundred fifty (250) hours during the term of this Agreement.

 

2. No Control. Price shall have no right, except to the extent required by law, to direct or limit Contractors activities as to production, prospects, reports, meetings, schedules, time-off, training, education or other similar activities. At Contractors request and at Contractors sole discretion, Price may furnish such advice, information and full cooperation as Contractor shall require.

 

3. Standard of Performance. In the accomplishment of the performance of such duties and responsibilities as are assigned to contractor under the terms of this Agreement, Contractor shall at all times conduct him/herself in a professional manner and shall conform to those standards of ethical conduct as are generally expected from those performing such services in the relevant business community. At all times during the term of this Agreement as defined below, the Contractor shall use personal best efforts to fulfill his duties.

 

1


 

4. Compensation. Contractor will be paid the total sum of $100,000, payable as follows: $5,555.55 per month beginning April 1, 2003.

 

5. Payment of Expenses. Contractor shall be solely responsible for the payment of all expenses associated with his activities under the terms of this Agreement and Price shall not pay any sums to Contractor except for the payments set forth in paragraph 4. Notwithstanding the foregoing, to the extent Contractor is required to travel to fulfill Contractors duties hereunder, Price will reimburse Contractor for all reasonable travel expenses, provided, however, that all such expenses are: (i) approved in advance; and (ii) subsequently confirmed by invoices and receipts delivered by Contractor to Price.


 

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