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Employment Agreement

 

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Title:

Employment Agreement

Entities:

Fresh America Corp.

Date:

2001

Size:

Preview shows 5KB of 25KB total

Price:

$33

ID:

#1169429

 

 


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                               EMPLOYMENT AGREEMENT


This EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of
September 5, 2001, by and between FRESH AMERICA CORP., a Texas corporation
("Company"), and Steve Finberg, an individual resident of the State of Texas
("Employee").

R E C I T A L S

WHEREAS, Company desires to obtain the services of Employee upon the terms
and conditions set forth herein; and

WHEREAS, Employee desires to be employed by Company upon the terms and
conditions set forth herein; and

WHEREAS, Company believes that the retention of Employee in employment with
Company is critical to the success of Company;

NOW, THEREFORE, for and in consideration of the mutual agreements herein
contained, and for other good and valuable consideration, the receipt and legal
sufficiency of which are hereby acknowledged, Company and Employee hereby agree
as follows:

ARTICLE I.

Section 1.01. Employment. Company hereby agrees to employ Employee in the
----------
capacity of VP Sales and Marketing and Employee agrees to be employed by Company
in such capacity, for a period and time commitment described below, unless
terminated earlier as provided in Article III.

Section 1.02. Term of Employment ("Term").
---------------------------

Company shall employ Employee as of the date set forth above and continuing
for three (3) years from such date, unless terminated earlier pursuant to the
provisions of this Agreement. The Term may be extended by a written extension
agreement signed by both parties.

Section 1.03. Duties. Employee shall be subject to the direction and
------
supervision of Company and shall have those duties and responsibilities
consistent with the position in which he/she is employed. During the Term,
Employee agrees to perform the duties assigned to the best of Employee's
ability and to devote Employee's full professional working time, attention, and
energies to the transaction of Company's business so as to further its best
interests. During the Term, Employee shall not be employed or otherwise engaged
in any other business or enterprise without the written permission of Company.
Employee shall comply with all existing policies, standards, and regulations of
Company and hereafter as agreed and adopted by the Executive Committee.
Employee agrees that, during the Term, Employee shall refrain from making
disparaging remarks to third parties about Company or any affiliate of Company.

1
<PAGE>

ARTICLE II.

Section 2.01. Compensation.
------------

(a) Salary. During the Term, as compensation for services rendered
------
hereunder and in consideration of this Agreement, the Company shall pay
Employee a salary, in accordance with the Company's then-prevailing payroll
practices, at the annual rate of $145,000. Employee's base salary shall be
subject to review and modification from time to time by Employer but may
not be decreased during the term of this Agreement.

(b) Benefits. During the Term, as additional compensation, Employee
--------
shall be entitled to participate in and receive all benefits under any
welfare benefit plan or program (including, without limitation, medical,
dental, disability, group life, including accidental death and
dismemberment, and business travel insurance plans and programs), any
retirement savings plan or program (including, without limitation, 401(k)
and pension plans), and such other perquisites of office (including,
without limitation, paid vacation and holidays) as the Company may, from
time to time and in its sole discretion, make available generally to
similarly situated officers or managers of the Company provided however,
the current benefit level of the Employee will not be materially reduced.

 

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