Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Employment Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Employment Agreement

Entities:

Interface Inc; Interface, Inc.

Date:

2003

Size:

Preview shows 4KB of 36KB total

Price:

$37

ID:

#1607222

 

 

► Employment ► Employment Agreements
► Consumer ► Textiles - Non Apparel

 

 

Start of Preview






EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as
of this 30th day of July, 2003, by and between INTERFACE, INC., a corporation
organized under the laws of the State of Georgia, U.S.A. (the "Company"), and
CHRISTOPHER J. RICHARD, a resident of the State of Michigan ("Executive").

W I T N E S S E T H:

WHEREAS, the parties hereto desire to enter into an agreement for the
Company's employment of Executive on the terms and subject to the conditions
contained herein;

NOW, THEREFORE, for and in consideration of the mutual covenants and
agreements contained herein, and for other good and valuable consideration
(including, without limitation, certain stock option and restricted stock awards
granted to Executive in connection with Executive's entering into this
Agreement), the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1. Employment. Subject to the terms and conditions of this
Agreement, Executive shall be employed by the Company initially as Vice
President of the Company (and President and Chief Executive Officer of Interface
Fabrics Group, Inc.), and shall perform such duties and functions for the
Company and its subsidiaries and affiliates as shall be specified from time to
time by the Chief Executive Officer ("CEO") or Board of Directors of the
Company. Executive hereby accepts such employment and agrees to perform such
executive duties as may be assigned to Executive.

2. Duties. Executive shall devote his full business related time
and best efforts to accomplishing such executive duties at such locations as may
be requested by the CEO of the Company acting under authorization from the Board
of Directors of the Company. Without limiting the foregoing, Executive initially
shall have primary management responsibility for the Company's fabrics
subsidiaries, and shall provide the Services described in Section 9(a)(v)
hereof.

3. Relocation. Executive intends to reside in Grosse Pointe Park,
Michigan, until his son graduates from the high school currently attended;
following such graduation, Executive shall relocate and reside in Guilford,
Maine or Grand Rapids, Michigan, as determined by the Company after consultation
with Executive. The reasonable and customary expenses of such relocation shall
be paid by the Company (or reimbursed to Executive) in accordance with the
Interface Fabrics Group, Inc. policy in effect at that time. Until such
relocation occurs, Executive shall be provided with the use of an apartment in
or around Guilford, Maine, with the rent, utilities and other operating costs of
such apartment paid by the Company (or reimbursed to Executive, as the case may
be).

4. Avoidance of Conflict of Interest. While employed by the
Company, Executive shall not engage in any other business enterprise without the
prior written consent of the Company. Without limiting the foregoing, Executive
shall not serve as a principal, partner, employee, officer, or director of, or
consultant to, any other business or entity conducting business for profit
(excepting



DNG Enterprises, a family relocation business) without the prior written
approval of the Company. In addition, under no circumstances will Executive have
any financial interest in any competitor of the Company; provided, however,
Executive may invest in no more than one percent of the outstanding stock or
securities of any competitor, the stock or securities of which are traded on a
national stock exchange of any country.

5. Term. Executive's employment pursuant to this Agreement shall
commence as of the date first set forth above and continue for an initial period
of one year (the "Initial Term"). Upon the expiration of the Initial Term, this
Agreement shall automatically renew on a daily basis and shall continue in
effect until one party gives the other party notice of termination as provided
in Section 6 below (the entire period during which Executive is employed under

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC