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Document Preview Agreement with Consultant |
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Title: |
Agreement with Consultant |
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Entities: |
Foamex International Inc.; Robert J. Hay; Foamex L.P. |
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Date: |
2001 |
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Size: |
Preview shows 3KB of 8KB total |
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Price: |
$32 |
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ID: |
#201296 |
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AGREEMENT WITH CONSULTANT
1. INTRODUCTION: Agreement dated April 24, 2001, by and between Robert J. Hay,
23 Colleton River Drive, Bluffton, S.C. 29910 (Consultant), and Foamex L.P.
with principal offices at 1000 Columbia Avenue, Linwood, PA 19061 (Client).
2. RETENTION AND DESCRIPTION OF SERVICES: During the term of this Agreement,
Consultant will furnish consulting services and advice on business and
manufacturing initiatives for Client's joint venture in Asia and other
services as directed by the CEO or the Board of Directors of Client.
Consultant's services will be available to Client for a maximum of (30)
thirty days per year.
3. TERM OF AGREEMENT: The term of this Agreement shall be two years beginning
July 1, 2001. This Agreement will renew automatically for successive
one-year terms unless Client provides notice to consultant of its intent to
terminate the agreement at least (30) thirty days prior to the expiration
of any one year term. Consultant may terminate this Agreement at any time,
provided that Consultant provides Client a minimum of (30) thirty days
notice.
4. WHERE SERVICES ARE TO BE PERFORMED: Consultant's services will be performed
at the Client's Linwood, Pennsylvania office and such other United States
and foreign locations that are appropriate as deemed by Client. Meetings
will be scheduled in advance with defined objectives.
5. COMPENSATION: Client will pay Consultant a consulting fee of five thousand
dollars ($5,000) per month for work performed by under this Agreement.
Payment to Consultant shall be made at the conclusion of each month upon
receipt of and approval of Consultant's invoice for services and expenses.
6. REIMBURSEMENT OF TRAVEL AND OTHER EXPENSES: Client will reimburse
Consultant for all authorized expenses incurred by Consultant for travel or
other reasonable expenses as required in connection with the furnishing
services under this Agreement. Reimbursement of travel expenses shall be
made on the basis of itemized statements submitted by Consultant and
including, whenever possible, actual bills, receipts, or other evidence of
expenditures.
7. CONSULTANT AN INDEPENDENT CONTRACTOR: Consultant will furnish Consultant's
services as an independent contractor and not as an employee of client or
of any company affiliated with Client. If Client or any of its affiliated
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