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Document Preview Letter Agreement Re: Executive Agreement/GIS |
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Title: |
Letter Agreement Re: Executive Agreement/GIS |
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Entities: |
Stephen Rossetti; Government Internet Systems, Inc.; Vertical Computer Systems Inc. |
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Date: |
2003 |
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Size: |
Preview shows 2KB of 5KB total |
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Price: |
$39 |
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ID: |
#165140 |
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December 26, 2002
Stephen Rossetti
5408 Duvall Drive
Bethesda, MD 20816
RE: EXECUTIVE AGREEMENT/GIS
Dear Stephen,
On behalf of Government Internet Systems, Inc., a Nevada corporation
(the "Company"), I am pleased to confirm your appointment as CEO and Treasurer
of Government Internet Systems, Inc., a Nevada corporation (the "Company")
effective as of November 11, 2002, and your acceptance of such appointment. The
Company looks forward to your future success as an executive of the Company.
Pursuant to this letter agreement, you and we hereby confirm the following:
1. You will serve as CEO of the Company for six (6) months from the date hereof.
2. In the event Company actually receives (a) a minimum of $2,500,000 of funding
or (b) sales in excess of $1,000,000 in the next six (6) months from the date
hereof, then you shall have thirty (30) days to give the Company notice of your
acceptance of your full time engagement as CEO and to the terms of the
Employment Agreement, attached hereto as Attachment A and incorporated by this
reference. The effective date (the "Effective Date") of the Employment Agreement
will be on the date of your acceptance after either (a) or (b) occurs. In the
event that neither (a) nor (b) has occurred within six (6) months after the
execution of this letter agreement, then either party may terminate this
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