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Executive Employment Agreement

 

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Title:

Executive Employment Agreement

Entities:

Auxilio Inc; PeopleView, Inc.

Date:

2005

Size:

Preview shows 4KB of 25KB total

Price:

$36

ID:

#1255142

 

 

► Employment ► Employment ► Executive Employment Agreements
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<SEQUENCE>20

<FILENAME>v015850_ex10-10.txt
<TEXT>
EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement ("Agreement") is made effective as of
the closing of the acquisition of April 1, 2004 ("Effective Date"), by and
between PeopleView, Inc. ("Company") and Joseph J. Flynn ("Executive").

The parties agree as follows:

1. Employment. Company hereby employs Executive, and Executive hereby
accepts such employment, upon the terms and conditions set forth herein.

2. Duties.

2.1 Position. Executive is employed as Company's Chief Executive
Officer and Chairman of the Board of Directors with a and shall have the duties
and responsibilities assigned by the Company's Board of Directors both upon
initial hire and as may be reasonably assigned from time to time. Executive
shall perform faithfully and diligently all duties assigned to Executive.
Company reserves the right to modify Executive's position and duties at any time
in its sole and absolute discretion. Further, Executive is employed as President
and Chief Operating Officer of The Mayo Group, Inc. a subsidiary of the Company
and a and shall have the duties and responsibilities assigned by the Company's
Chief Executive Officer and attached in Exhibit B.

2.2 Best Efforts/Full-time. Executive will expend Executive's best
efforts on behalf of Company and its subsidiaries, and will abide by all
policies and decisions made by Company, as well as all applicable federal, state
and local laws, regulations or ordinances. Executive will act in the best
interest of Company at all times. Executive shall devote Executive's full
business time and efforts to the performance of Executive's assigned duties for
Company, unless Executive notifies the Board of Directors in advance of
Executive's intent to engage in other paid work and receives the Board of
Directors' express written consent to do so.

3. Term.

3.1 Initial Term. The employment relationship pursuant to this
Agreement shall be for an initial term commencing on the Effective Date set
forth above and continuing for a period of two (2) years following such date
("Initial Term"), unless sooner terminated in accordance with paragraph 7 below.

3.2 Renewal. On completion of the Initial Term specified in
subparagraph 3.1 above, this Agreement will automatically renew for subsequent
12 months terms unless either party provides advance written notice to the other
that Company/Executive does not wish to renew the Agreement for a subsequent 12
months. In the event either party gives notice of nonrenewal pursuant to this
subparagraph 3.2, this Agreement will expire at the end of the current term.
<PAGE>

4. Compensation.

4.1 Base Salary. As compensation for Executive's performance of
Executive's duties hereunder, Company shall pay to Executive an initial Base
Salary of $165,000 per year, payable in accordance with the normal payroll
practices of Company, less required deductions for state and federal withholding
tax, social security and all other employment taxes and payroll deductions. In
the event Executive's employment under this Agreement is terminated by either
party, for any reason, Executive will be entitled to receive Executive's Base
Salary prorated to the date of termination.

4.2 Incentive Compensation. Executive will be eligible to earn
incentive compensation in accordance with the provisions set forth in Exhibit A.

5. Customary Fringe Benefits. Executive will be eligible for all customary
and usual fringe benefits generally available to executives of Company subject
to the terms and conditions of Company's benefit plan documents. Company
reserves the right to change or eliminate the fringe benefits on a prospective
basis, at any time, effective upon notice to Executive.

 

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