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Letter Agreement

 

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Title:

Letter Agreement

Entities:

Eos International, Inc.; Woodclyffe Group, L.L.C.; Eos International Inc.

Date:

2003

Size:

Preview shows 4KB of 18KB total

Price:

$33

ID:

#160713

 

 

► Fee Agreements ► Engagements ► Misc. Engagement Agreements
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September 24, 2003

Woodclyffe Group, L.L.C.
73 Turning Mill Lane
New Canaan, Connecticut 06840
Attn: Jose Ferreira, Jr.

        This engagement agreement (this Agreement) confirms and sets forth the terms and conditions of the engagement between Woodclyffe Group, L.L.C., a Connecticut limited liability company (Woodclyffe), and Eos International, Inc., a Delaware corporation (together with its divisions, subsidiaries, and affiliates, the Company), including the scope of the services to be provided and the basis of fees for those services. Upon execution by each of the parties below, this Agreement will constitute an agreement between the Company and Woodclyffe.

    1.        Description of Services.

        (a)        Personnel. Woodclyffe acknowledges that Jose Ferreira, Jr. has agreed to serve as President and Chief Executive Officer of the Company (Executive), reporting to the Board of Directors of the Company (the Board), pursuant to the terms of a separate employment agreement between Executive and the Company, as the same is amended from time to time by agreement of the Company and Executive (the Employment Agreement) attached hereto. Defined terms herein shall have the meanings given such terms in the Employment Agreement, unless otherwise defined herein.

        (b)        Duties. Executive shall serve as President and Chief Executive Officer of the Company and fulfill those duties and responsibilities set forth in the Employment Agreement.

        (c)        Employment by Woodclyffe. Notwithstanding his employment by the Company, it is understood that Executive will also continue to be employed by Woodclyffe. It is further understood that while rendering services to the Company, Executive may continue to render services on behalf of Woodclyffe to other personnel and clients at Woodclyffe in connection with matters unrelated to the Company, provided that the rendering of such services shall (i) be subservient to Executives duties as President and Chief Executive Officer of the Company, and (ii) not unduly interfere with the rendering of services pursuant to the Employment Agreement.

        (d)        Additional Responsibilities. Upon request of the Company, Woodclyffe may suggest such additional personnel as the Company may request to assist in rendering services for the Company described above and such other services. In the event the Company retains the services of such additional personnel, Woodclyffe will not receive any direct or indirect compensation from the Company in connection therewith.


 

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