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Document Preview Employment Agreement |
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Title: |
Employment Agreement |
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Entities: |
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Date: |
2000 |
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Size: |
Preview shows 4KB of 16KB total |
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Price: |
$41 |
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ID: |
#1182779 |
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EI CORPORATION
EMPLOYMENT AGREEMENT
This Agreement is made and entered into as of JANUARY 24, 2000 ("Effective
Date"), by and between ei Corporation, a California corporation (the "Company"),
and Yong Thye Lin ("Employee").
The Company desires to employ Employee, and Employee desires to be employed by
the Company, on the terms and conditions of this Agreement.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. EMPLOYMENT; DUTIES.
1.1 EMPLOYMENT. The Company hereby employs Employee, and Employee hereby
accepts such employment on the terms and conditions set forth herein.
Employee's employment will be in the capacity of CHIEF EXECUTIVE
OFFICER OF EI CORPORATION, A WHOLLY OWNED SUBSIDIARY OF AGATE
TECHNOLOGIES, INC. In such capacity, Employee shall be responsible FOR
SALES AND MARKETING, FINANCIAL PLANS, BUSINESS DEVELOPMENT, SALES
LOGISTICS AND SUPPORT IN ACCORDANCE WITH EI'S BUSINESS PLANS AND
OBJECTIVES. EMPLOYEE SHALL ALSO DEVELOP AND OVERSEE EI'S STRATEGIC
MARKETING PLANS IN ACCORDANCE WITH ITS FINANCIAL OBJECTIVES AND
PROFITABILITY TARGETS. EMPLOYEE SHALL DILIGENTLY EXECUTE THOSE
RESPONSIBILITIES DELEGATED TO EMPLOYEE FROM TIME TO TIME BY THE
CHAIRMAN & CEO OF ITS PARENT COMPANY, AGATE TECHNOLOGIES,
INC.(DELAWARE) AND SHALL COMPLY WITH ALL RULES AND POLICIES OF THE
COMPANY ADOPTED BY ITS BOARD OF DIRECTORS.
1.2 DEDICATION OF SERVICE; CONFLICTS. Employee agrees that, during the
term of this Agreement, Employee will devote his full efforts and time
to the business of the Company. The foregoing, however, shall not
preclude the Employee, outside normal business hours, from engaging in
other appropriate civic or charitable activities, as long as such
activities do not interfere or conflict with his responsibilities to
the Company.
1.3 COMPETING ACTIVITIES. Employee agrees that, during the term of this
Agreement, Employee will not, unless acting pursuant to this Agreement
or with the prior written consent of the Board of Directors of the
Company, participate in the ownership, management, control, operation
or financing of any business or enterprise that is or expects to
become directly competitive with any business conducted by the Company
or any of its affiliates.
Employee hereby undertakes that, except with the prior written consent
of its parent company Agate Technologies, Inc., Employee will not
either by himself or in conjunction with or on behalf of any person,
firm, company or organization during a period of twelve
<PAGE>
months after the date of termination of his employment with ei
Corporation (the "Termination Date") do any of the following:
(i) solicit or entice away or attempt to solicit to entice away from
Agate Technologies, Inc., its subsidiaries and affiliates the
custom of the following:
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