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Employment Agreement

 

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Title:

Employment Agreement

Entities:

FIND/SVP, Inc.

Date:

2005

Size:

Preview shows 5KB of 46KB total

Price:

$36

ID:

#1146117

 

 


► Technology ► Computer Services

 

 

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<SEQUENCE>5

<FILENAME>v015978_ex10-4.txt
<TEXT>
EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT ("this Agreement") is made effective as of the
1st day of April, 2005 (the "Effective Date") by and between ATLANTIC RESEARCH &
CONSULTING, INC., a Massachusetts corporation with offices at 109 State Street,
Boston, MA 02109 (the "Company") and a subsidiary of FIND/SVP, INC., a New York
corporation ("FIND"), and PETER HOOPER, an individual residing at 85 East India
Row, Boston, MA 02110 (the "Executive").

PREMISES: The Executive has served the Company in an executive capacity
for a substantial period of time prior to the Effective Date. The Company
desires to continue to employ the Executive, and in the capacity described
herein, and the Executive desires to continue to be so employed by the Company.
The Company and the Executive also desire to set forth in writing their
understanding of the terms and conditions governing such employment. Unless the
context indicates otherwise, capitalized terms used herein but not defined
herein shall have the meanings given to such terms in the Stock Purchase
Agreement, dated as of March 14, 2005, by and among FIND and the Executive (the
"Purchase Agreement").

NOW, THEREFORE, in consideration of the foregoing and of the following
mutual promises, the Company and the Executive, each intending legally to be
bound, agree as follows:

Section 1. Contract of Employment. Subject to the terms hereof, the
Company employs the Executive and the Executive accepts his employment with the
Company for the Employment Period (as defined in Section 2 hereof). During the
Employment Period, the Executive shall serve in and shall occupy the position of
Chairman of the Company and in such position shall serve as the most senior
executive officer of the Company. In that capacity the Executive shall have
responsibility for those duties that are customary to such office and position
and perform, for and on behalf of the Company, all duties as shall, from time to
time, reasonably be determined by either (i) the Board of Directors of the
Company, (ii) the Chief Executive Officer of FIND ("CEO"), or (iii) another
officer of FIND (or one of its subsidiaries) mutually agreed to in writing by
Executive and the CEO (the "Other Officer"). In addition, Executive shall use
his best efforts (provided it is commercially reasonable to do so) to maintain
ongoing relationships with the Company's key existing and prospective clients.
Without limitation of any of the foregoing, Executive also shall assume and
carry out such other duties or responsibilities as may be, from time to time,
reasonably assigned or delegated to the Executive by the Board of Directors of
the Company, the CEO or the Other Officer. In fulfilling the responsibilities of
his position, the Executive will observe all lawful policies, procedures and
directions that from time to time may be adopted by the Company, the CEO or the
Other Officer and which are applicable to the executive or administrative
personnel of the Company generally, including, without limitation, any lawful
policies, procedures and directions set forth in the personnel manuals of the
Company and FIND (to the extent applicable to the Company), as both may be
amended and in effect from time to time. In addition to his duties as Chairman
of the Company, the Executive shall feel free to give FIND his input on Find's
consolidated in-depth research and competitive intelligence operations. In
connection therewith, during the Employment Period, the Executive shall be a
member of the Find's Operating Management Group (the "OMG") whose function is to
propose initiatives and supplemental strategies needed to move Find to the next
level of growth and to apply Find's overall policies and strategies.
<PAGE>

Section 2. Employment Period. The term of the Executive's employment by
the Company (the "Employment Period") shall commence on the Effective Date and
shall continue until the earliest to occur of: (i) the third (3rd) anniversary
of the Effective Date; (ii) termination of the Executive's employment in
accordance with Sections 6(a), 6(b) or 6(c) hereof; or (iii) the date of the
Executive's death.

Section 3. Time and Effort; Disclosure and Fair Dealing. During the
Employment Period, the Executive shall devote his entire business time, best

 

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