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Document Preview Engagement Agreement |
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Title: |
Engagement Agreement |
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Entities: |
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Date: |
2002 |
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Size: |
Preview shows 4KB of 45KB total |
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Price: |
$45 |
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ID: |
#1273936 |
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ENGAGEMENT AGREEMENT
THIS AGREEMENT made as of January 1, 2000 (the "Effective Date"), by and
between ON Technology Europe Geschaftsfuhrungs GmbH, a German corporation (the
"Company"), and Mr. Harald Faulhaber (the "Sales Director - Central & Southern
Europe").
WHEREAS, the Sales Director - Central & Southern Europe has been employed
by the Company in the past, and the Sales Director - Central & Southern Europe
and the Company now desire to enter into a new relationship;
NOW THEREFORE, in consideration of the premises and the mutual agreements
hereinafter contained, and for other good and valuable consideration, the
parties agree as follows:
1. New Engagement. The prior relationship between the parties is hereby
terminated. The Company hereby re-engages to Sales Director - Central & Southern
Europe with the title of Geschaftsfuhrer, and the Sales Director - Central &
Southern Europe hereby accepts such engagement by the Company, upon the terms
and conditions hereinafter set forth.
2. Management Duties.
2.1 The Sales Director - Central & Southern Europe shall be entitled
and obliged to represent the Company and to manage its business in
accordance with all applicable laws and statutory regulations, the articles
of incorporation, the rules of administration, if any, as well as the
provisions hereof, and shall be bound by shareholders' resolutions.
2.2 The Sales Director - Central & Southern Europe shall bear
particular responsibility for sales activities in Germany, Austria,
Switzerland, Eastern Europe, Italy & Spain.
2.3 The Sales Director - Central & Southern Europe shall in all
situations obtain the prior consent of the Company's stockholders for
matters exceeding the day-to-day running of the business of the Company,
including those examples listed on Appendix A1 hereto.
2.4 The Sales Director - Central & Southern Europe shall report to
the European Managing Director.
2.5 The Sales Director - Central & Southern Europe shall execute his
office with the care and diligence of a prudent businessman and shall
faithfully perform the duties entrusted to him by law and contract. He
shall be obligated to serve and promote the business of the Company to the
best of his ability, for the purpose thereof he shall place at the
disposition of the Company all of his knowledge and ability as well as his
entire working capacity, and agrees not to accept or perform full or part
time employment or consulting services, or other "free lance" activities
for any other business or non-profit
<PAGE>
entity, unless otherwise approved in writing by the Company's stockholders.
The Sales Director - Central & Southern Europe may, however, render general
business advice to third parties without remuneration or in connection with
the Sales Director - Central & Southern Europe's investment activities so
long as such activity does not (a) constitute employment by another
company; (b) violate the Sales Director - Central & Southern Europe's
Non-Solicitation obligations set forth in Section 9 herein; or (c)
interfere with the Sales Director - Central & Southern Europe's said full
time and best efforts obligations to the Company.
3. Term. Unless sooner terminated as provided below, the Sales Director -
Central & Southern Europe's engagement hereunder shall terminate on the
five-year anniversary of the Effective Date hereof (such period, as it may be
extended, being referred to herein as the "Engagement Period" and prior to any
extension, as the Initial Engagement Period). The parties may extend the Initial
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