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Executive Employment Agreement

 

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Title:

Executive Employment Agreement

Entities:

Legend Motors Worldwide, Inc.

Date:

2005

Size:

Preview shows 3KB of 11KB total

Price:

$41

ID:

#1643656

 

 

► Employment ► Employment ► Executive Employment Agreements

 

 

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<SEQUENCE>6

<FILENAME>kaufemployagt.txt
<DESCRIPTION>EXHIBIT 10.1 KAUFFMAN EMPLOYMENT AGREEMENT
<TEXT>
EXECUTIVE EMPLOYMENT AGREEMENT

THIS AGREEMENT is made and entered into this _____ day of
__________, 2001, by and between Legend Motors Worldwide, Inc., a
Nevada Corporation, (hereinafter referred to as the "Corporation")
and Vern Kauffman of LaGrange, Indiana, (hereinafter referred to as
the "Executive").

WHEREAS, the Corporation desires to assure themselves the
services of the Executive in an executive capacity for sixty (60)
months on the terms and conditions set forth herein; and

WHEREAS, the Executive is agreeable to continue in an executive
capacity for said sixty (60) months and is willing to accept and
undertake such employment.

NOW, THEREFORE, IN CONSIDERATION OF THE PROMISES AND MUTUAL
COVENANTS HEREIN SET FORTH, THE CORPORATION AND THE EXECUTIVE AGREE
AS FOLLOWS:

1. EMPLOYMENT. The Corporation agrees to and does hereby
employ the Executive and the Executive agrees to and does hereby
accept employment by the Corporation, in the capacity of President,
and member of the Board of Directors, for a period of sixty (60)
months commencing the 3rd day of April, 2005 to the 3rd day ofApril,
2010.

2. SCOPE OF SERVICES. The Executive shall serve as
President, C.E.O and a member of the Board of Directors of the
Corporation. As such, the Executive shall be in full charge of the

1

<PAGE>

operations of the Corporation or Corporation's business affairs,
subject to the directions of the Board of Directors.

3. FULL-TIME SERVICES. The Executive agrees that during
the term of his employment he will (subject to the provisions of
Section 6 hereof), devote substantially all of his time and
energies, during business hours, to the supervision, management, and
conduct of the business affairs of the Corporation. The Executive
will faithfully and to the best of his ability, discharge his duties
hereunder to the furtherance of the interests of the Corporation.
The Executive will not accept other gainful employment, become or
remain an officer or director in any other Corporation, except with
the consent of the Board of Directors of the Corporation.

4. PLACE OF EMPLOYMENT. The Executive will perform his
services hereunder at the principal office of the Corporation, which
is presently located at: 1995 E. U.S. Highway 20 LaGrange, Indiana,
or at such other locations as directed by the Corporation.

 

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