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Title:

Employment Agreement

Entities:

Hycor Biomedical Inc; Immucor, Inc.

Date:

2004

Size:

Preview shows 10KB of 27KB total

Price:

$40

ID:

#1339217

Start of Preview

            THIS AGREEMENT, made and entered into as of May 1, 2004, 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 Edward L. Gallup, residing at 6190 Daffodil Lane, Norcross, Georgia 30092 (herein referred to as Employee).

            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:

Employer hereby employs Employee as Chairman of the Board of Employer 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 agreed upon between Employee and Employers Board of Directors the (Board). In particular, Employee shall serve as Employers principal contact with and spokesman to investors, the media and other members of the public, and shall assist Employers Chief Executive Officer, as reasonably requested, with strategic planning, sales and marketing. Employee shall report directly to the Board.

Employee will perform the services and duties specified in Section 1 above. It is expected that Employees performance of those services and duties will require Employee to work at least halftime. While performing those services and duties, Employee shall devote all his attention, skill and efforts to that performance and shall use his best efforts to promote the success of the Employers business. Employer recognizes that Employee has agreed to employment at Employers offices located in Norcross, Georgia. Should Employers executive offices be relocated to, or if Employer otherwise shall require that Employee work at, a place greater than thirty (30) miles from Employees principal residence noted in Section 13(b) hereof, then Employee shall have the right to terminate his employment hereunder and such termination shall be deemed to be a termination under Section 3(c) hereof for all purposes hereunder.

Employees employment hereunder shall commence on May 1, 2004 (hereinafter called the Effective Date, and shall continue for a period of two (2) years, unless sooner terminated by the first to occur of the following:

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.

The discharge of Employee by Employer for Cause. Employees discharge shall be for Cause if due to any of the following:

  Employees dishonesty,  

  An act of defalcation committed by Employee,

  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

  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.

The discharge of Employee by Employer without Cause (which shall be deemed to have occurred if Employees employment hereunder terminates under Section 7 hereof).

At Employees request and with the express prior written consent of Employer.

End of Preview