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Title: |
Employment Agreement |
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Entities: |
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Date: |
2005 |
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Size: |
Preview shows 8KB of 44KB total |
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Price: |
$46 |
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ID: |
#1178682 |
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EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the Employment Agreement) is entered, effective , (the Effective Date) by and between HealthExtras, Inc. (the Company) and (the Executive).
WHEREAS, the Company is engaged in business as a pharmacy benefits manager; and
WHEREAS, The Executive is familiar with the business of the Company arising from his services as for the Company and his careful study of the Company; and
WHEREAS, Executive and the Company wish to enter into this Employment Agreement to set forth the terms for employment and compensation for the Executive; and
NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties hereto hereby agree to enter into this Employment Agreement effective as of the Effective Date.
SECTION I
Term of Employment; Executive Representation.
| 1.1 | Employment Term. Executive shall be employed by the Company under the terms of this Employment Agreement for a three-year period commencing on (the Employment Term). Notwithstanding the foregoing, the Executives employment with the Company may be terminated pursuant to Section VIII, on the terms and subject to the conditions set forth in this Employment Agreement. |
| 1.2 | Executive Representation. Executive hereby represents to the Company that the execution and delivery of this Employment Agreement by Executive and the Company, and the performance by Executive of the Executives duties hereunder, shall not constitute a breach of, or otherwise contravene, the terms of any employment agreement, other agreement, or policy (including any covenant not to compete, solicit employees, or customers of any prior employer(s)) to which Executive is a party or otherwise bound. Executive further warrants that he has not been the subject of any criminal, civil proceeding, investigated, or sanctioned by any licensing authority of any state, Federal agency court, other public body, or of any self-regulatory organization. Executive further represents that he is not aware of any basis that he would not be fit to transact business with an agency or instrumentality of the federal or any state government. |
1
SECTION II
Position.
| 2.1 | During the Employment Term, Executive shall serve as the Companys and shall principally perform Executives duties to the Company and its affiliates from the Companys offices in Rockville, Maryland, subject to normal and customary travel requirements in the conduct of the Companys business to customer locations and to its facilities, including (but not limited to) its facilities in Florida, Louisiana, Maryland, Nevada, North Carolina, and Texas. In such position, Executive shall report to the Companys Chief Executive Officer (herein CEO) and shall have such duties which shall be those normally performed by a . |
| 2.2 | During the Employment Term, Executive will devote Executives full business time and best efforts to the performance of Executives duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict with the rendition of such services either directly or indirectly, without the prior written consent of the CEO. |
| 2.3 | Executive has no equity interest in any company engaged in the same lines of business as the Company. Executive agrees not to acquire any interest in any such company without the express consent of the Company. Notwithstanding the foregoing, the Executive may acquire up to a two percent interest in any publicly traded company so long as his activity with respect to such company remains a passive investment. |
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