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Title: |
Employment Agreement |
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Entities: |
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Date: |
2002 |
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Preview shows 5KB of 25KB total |
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Price: |
$35 |
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ID: |
#1298899 |
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EMPLOYMENT AGREEMENT
This Employment Agreement ("Agreement") is entered into as of this __
day of September, 2001 by and between On-Site Sourcing, Inc. with address of
1111 N. 19th Street, Sixth Floor, Arlington, Virginia 22209 ("OSS" or the
"Company") and Brian Leydet ("Mr. Leydet" or the "Employee") with home address
at.
WHEREAS, OSS is presently in the business of providing scanning,
coding, electronic discovery, facilities management, and digital printing
services;
WHEREAS, OSS desires to employ the services of Mr. Leydet utilizing his
knowledge and expertise as a full-time employee without the distraction of
employment related uncertainties and considers such employment in the best
interests of the Company and its shareholders, and Mr. Leydet desires to be
employed full time by the Company; and;
WHEREAS, OSS and Mr. Leydet desire to enter into an Agreement
reflecting the terms under which Mr. Leydet will be employed by the Company.
NOW, THEREFORE, in consideration of the premises and mutual covenants
set forth herein, and other good and valuable consideration, the adequacy of
which the parties hereby acknowledge, the parties hereto, intending to be
legally bound, hereby agree as follows:
1. TERM. This Agreement will remain in effect for a period of three
years and will be renewed automatically for succeeding periods of one year
unless sooner terminated as provided in sections 7 and 8 below.
2. NATURE OF EMPLOYMENT. Mr. Leydet shall be employed as Vice President
of Operations of the Company. Mr. Leydet's duties include but are not limited to
the operational management of the imaging, legal copy, digital printing and
facilities management divisions of the Company. Mr. Leydet agrees to diligently
and faithfully perform such duties and serve in the above capacity or in such
capacities as the Company shall determine from time to time.
3. COMPENSATION FOR SERVICES. As consideration to Mr. Leydet for
services rendered under this Agreement, OSS shall compensate Mr. Leydet as
follows:
(a) BASE SALARY. Mr. Leydet shall receive a base salary of $230,000 per
year, payable monthly. Mr. Leydet's annual base salary shall decrease by
3,333.33 per month for his first six months with the Company. Mr. Leydet's base
salary will remain at $190,000 per year, payable monthly beginning April 1,
2002.
(b) BENEFITS. The Employee shall be entitled to four weeks (20 days)
paid Annual Leave per year for each of the first five (5) years of employment
beginning at commencement of employment. No annual leave accrues nor may be
taken during the 90 day Introductory Period. Annual Leave shall accrue during
each year but may not be carried over and accumulated in subsequent calendar
years and no additional wages or salary will be paid to the Employee in lieu of
Annual Leave unless approval in writing is granted by management. Any annual
leave taken but not yet earned at the time of termination/resignation of
employment will be deducted from the Employee's final paycheck. The Employee
shall be entitled to five weeks paid annual leave each year after the fifth
anniversary which is to be considered OCTOBER 1, 2006. No more than one week
shall be taken consecutively without the prior written approval by the Company.
Page 1 of 7
<Page>
Annual Leave may be used for the purpose of vacations, visiting medical
professionals, recovering from illness or other personal reasons. In the
event that the Employee is required to take a disability leave of absence,
any accrued annual leave will be taken at the time the leave commences.
Annual Leave will not accrue in the event that a disability leave of absence
or a personal leave of absence is taken. Annual Leave does not apply if leave
is needed as a result of self-inflicted injury, illegal substance abuse or
alcohol abuse, or illness or injury incurred while in the act of committing a
felony. In the event of an illness or injury which is covered by workers'
compensation insurance, the annual leave policy will not apply.
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