EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (the Agreement) is made and entered into June 28, 2004, by and between HealthTronics Surgical Services Inc., a Georgia corporation (the Company), and Victoria Beck (the Employee).

PRELIMINARY STATEMENTS

A. The Company desires to secure the services of the Employee and the Employee desires to be employed by the Company, on the terms and subject to the conditions set forth in this Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, the parties agree as follows:

1. Employment. The Company hereby agrees to continue to employ the Employee and the Employee hereby agrees to continue to serve the Company, on the terms and conditions set forth in this Agreement.

2. Term of Agreement. This Agreement shall commence on the date hereof, and unless it is terminated earlier in the manner provided in this Agreement, shall continue until March 31, 2005 (the Term).

3. Position and Duties. The Employee shall serve as Executive Vice President and Chief Accounting Officer. The Employee shall report to the Chief Financial Officer and/or Chief Executive Officer, and shall have such other powers and duties as may from time to time be delegated to her by the Chief Financial Officer and/or Chief Executive Officer. The Employee shall devote substantially all of her working time and efforts during normal business hours to the business and affairs of the Company.

4. Place of Performance. In connection with her employment by the Company, the Employee shall be based at the Companys offices in Marietta, Georgia, except for reasonable required travel on the Companys business.

5. Compensation and Related Matters.

(a) Base Salary; Bonus. The Employee shall receive a base salary, payable in substantially equal bi-weekly installments, at the monthly rate of at least $11,250 per month during the Term, or such greater amount as shall be determined by the Chief Executive Officer (the Base Salary). The Base Salary may, by action and in the discretion of the Chief Executive Officer, be increased at any time or from time to time; provided that the Base Salary shall not be decreased for any reason whatsoever. In addition, Employee shall be entitled to any bonus payments determined by the Chief Executive Officer.

(b) Other Benefits. The Employee shall be entitled to participate in or receive benefits under any employee benefit plan or arrangement made available generally by the Company to its executives, subject to and on a basis consistent with the terms, conditions and

overall administration of such plan or arrangement. The Company shall also provide the Employee such coverage under any directors and officers liability policies it maintains as is provided to its other senior management employees. Nothing paid or provided to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the Base Salary or any other obligation payable to the Employee pursuant to this Agreement.

(c) Vacation. The Employee shall be entitled to the greater of (i) four (4) weeks of paid vacation per year, or (ii) the number of paid vacation days in each calendar year determined by the Company from time to time for its senior executive officers. The Employee shall also be entitled to all paid holidays given by the Company to its senior officers.

6. Restrictive Covenants.

(a) Unauthorized Disclosure. During the Term and for a period of one (1) year following any termination of this Agreement, the Employee shall not, without the written consent of the Board of Directors of the Company or a person authorized thereby, disclose to any person, other than an employee of the Company (or its subsidiaries) or a person to whom disclosure is reasonably necessary or appropriate in connection with the performance by the Employee of her duties as an Employee of the Company, any confidential information obtained by her while in the employ of the Company with respect to any of the Companys customers, suppliers, creditors, lenders, investment bankers, methods of distribution or methods of marketing; provided, however, that confidential information shall not include any information known generally to the public (other than as a result of unauthorized disclosure by the Employee). Notwithstanding the foregoing, nothing herein shall be deemed to restrict the Employee from disclosing confidential information to the extent required by law.

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC