Preview | Contract for Services as Director | James H. Grossman; World Gaming plc

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Contract for Services as Director

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Title:

Contract for Services as Director

Entities:

James H. Grossman; World Gaming plc

Date:

2003

Size:

Preview shows 3KB of 20KB total

Price:

$41

ID:

#144847

► Employment ► Function ► Employment Agreements (Directors)

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                              CONTRACT FOR SERVICES

                                  AS A DIRECTOR



{PAGE}





AGREEMENT dated 4 June, 2003 and made effective as of 11 APRIL 2003



PARTIES:



(1)      WORLD GAMING PLC a company registered in England and whose registered

         office is at Pitmans Solicitors at 47 Castle Street, Reading,

         Berkshire, RG1 7SR, England ("the Company").



(2)      JAMES H. GROSSMAN of 1100 Sacramento Street, San Francisco, CA 94108

         (the "Director").



IT IS AGREED AS FOLLOWS:



1        DEFINITION



In this Agreement the following words and expressions shall have the following

meanings:



         "Articles" means the Company's Articles of Association as amended on 20

         June 2002;



         "associated company or Group" means a company which is a wholly owned

         subsidiary of the Company, or where at least 20% of the equity of an

         entity is owned by the Company;



         "Group Company" means the Company and any other member of the Group;

         and "holding company" and "subsidiary" have the meaning given to them

         in Section 735 of the Companies Act 1985.



2        ENGAGEMENT



The Company hereby agrees to engage the Director to perform duties as a Non

Executive Director of the Company and specifically as Chairman of the Board of

the Company and the Director hereby agrees to act as a Non-Executive Director of

the Company and as Chairman of the Board as hereinafter provided.



3        TERM



         3.1      This Agreement shall commence on the 11 April 2003 and shall

                  continue subject as hereinafter mentioned for 6 months and

                  shall remain in force thereafter unless or until terminated by

                  either the Company or the Director giving to the other not

                  less than 6 months' written notice of termination expiring on

                  the last day of the said initial period or at any time

                  thereafter but subject to earlier termination as hereinafter

                  provided.



         3.2      In the event that the Director is unable to carry out his

                  obligations hereunder due to illness or accident and such

                  incapacity continues for a period of more than 3 months or if

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