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Title: |
Employment Agreement |
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Entities: |
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Date: |
2005 |
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Size: |
23KB total |
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Price: |
$36 |
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ID: |
#1339168 |
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EMPLOYMENT AGREEMENT
THIS AGREEMENT, made and entered into as of this 28th day of July, 2003, by and between Immucor, Inc., a Georgia corporation with its executive offices at 3130 Gateway Drive, Norcross, Georgia 30071 (herein referred to as Employer or the Company), and Didier Lanson, residing at 8 rue de lOasis, 92800 Puteaux, France (herein referred to as Employee).
WITNESSETH
WHEREAS, the parties hereto desire to enter into an agreement for Employers employment of Employee on the terms and conditions hereinafter states.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the parties hereby agree as follows:
1. Relationship Established
Employer hereby employs Employee as Director of European Operations of Employers subsidiaries in Europe (Germany, Italy, Spain, Belgium, and Portugal) to perform the services and duties normally and customarily associated with Employees position, such duties as specified in the Employers bylaws, and such other duties as may from time to time be specified by the Employers Board of Directors. Employee will be retained in this position during the term of his employment under this Employment Agreement, and hereby agrees to perform such services and duties in this capacity.
2. Extent of Services
Employee shall devote substantially all his business time, attention, skill and efforts to the performance of his duties hereunder, and shall use his best efforts to promote the success of the Employers business.
3. Term of Employment
Employees employment hereunder shall commence on July 28, 2003 (hereinafter called the Effective Date, and shall continue for a period of twelve (12) months, unless sooner terminated by the first to occur of the following:
(a) The death or complete disability of Employee. Complete disability, as used herein, shall mean the inability of Employee, due to illness, accident or any other physical or mental incapacity, to perform the services provided for hereunder for an aggregate of 12 months during the term hereof.
(b) The discharge of Employee by Employer for Cause. Employees discharge shall be for Cause if due to any of the following:
(i) Employees dishonesty,
(ii) An act of defalcation committed by Employee,
(iii) Employees continuing inability or refusal to perform reasonable duties assigned to him hereunder (unless such refusal occurs following the occurrence of a Change of Control, as defined herein) or
(iv) Employees moral turpitude.
Disability because of illness or accident or any other physical or mental disability shall not constitute a basis for discharge for Cause.
(c) The discharge of Employee by Employer without Cause (which shall be deemed to have occurred if Employees employment hereunder terminates under Section 7 hereof).
(d) At Employees request and with the express prior written consent of Employer.
(e) At Employees election upon 120 days notice (or such lesser notice as Employer may accept), without the express prior written consent of Employer.
(f) At the end of the term of the Agreement, or any extension thereof, if either the Employer or Employee gives 60 days notice to the other of non-renewal of the Agreement.
If not sooner terminated under the provisions of paragraphs 3(a) through 3(f) above, the term of Employees employment hereunder shall automatically renew for an additional periods of twelve (12) months.
4. Compensation
(a) Subject to the provisions of Section 4(d), Employer will pay to Employee as base compensation for the services to be performed by him hereunder the base compensation specified on Schedule A attached hereto. Schedule A may be amended from time to time upon the parties revision and reexecution thereof, whereupon the amended Schedule A shall be attached hereto; provided, however, the amended Schedule A shall be effective upon such reexecution, whether or not it is attached hereto.
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