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Document Preview Agreement / Project Manager / Superintendent [Amended] |
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Title: |
Agreement / Project Manager / Superintendent [Amended] |
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Entities: |
U.S. West Homes, Inc.; Investco Corp. |
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Date: |
2003 |
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Size: |
Preview shows 2KB of 8KB total |
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Price: |
$34 |
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ID: |
#128722 |
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AMENDED AGREEMENT/PROJECT MANAGER/SUPERINTENDENT
THIS AMENDED AGREEMENT/PROJECT MANAGER/SUPERINTENDENT entered into this
8th day of October, 2002 by and between U.S. West Homes, Inc. [U.S. West Homes]
and Richard F. Greene [Greene] under the terms of which the parties agree as
follows:
1. Greene will serve as the Project Manager/Superintendent for the Cottages at
San Jacinto being currently developed by U.S. West Homes.
2. Greene shall receive monthly compensation of $2,000.00 for the month of
September which shall be paid immediately upon the execution hereof and shall
receive compensation of $2,000 per month payable one half on the 1st and one
half on the 15th of each month until such time as construction shall commence on
the project.
3. Greene shall be paid $4,000 per month after construction actually commences,
payable one half on the 1st day of the month and one half on the 15th day of the
month until such time as the model homes are completed and construction has
commenced on the 2nd phase of construction at which time Greene's compensation
shall be increased to $8,000.00 per month, payable one half on the 1st day of
the month and the other half on the 15th day of the month.
4. Additionally, if Greene continues to act as the Project
Manager/Superintendent of the Cottages at San Jacinto through to the completion
of the development project, then he shall be entitled to receive bonus
compensation in the form of common stock in U.S. West Homes pursuant to the 2001
Employee's Stock Option Plan, the amount of compensation equal to an agreed upon
percentage of the profit from the Cottages at San Jacinto development project.
5. During the time Greene continues to act as Project Manager/Superintendent, he
shall be entitled to receive in addition to his compensation a truck allowance
of $300.00 per month, gasoline and oil as necessary, Greene to be reimbursed
therefor based upon invoices submitted on a bi-monthly basis, and the unlimited
use of a cell phone which shall be purchased and maintained by U.S. West Homes
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