|
|
|
|
Document Preview Employment Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Employment Agreement |
|||
|
Entities: |
||||
|
Date: |
2006 |
|||
|
Size: |
Preview shows 7KB of 29KB total |
|||
|
Price: |
$36 |
|||
|
ID: |
#2485679 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this Agreement) is made on August 22, 2006 and effective as of May 19th, 2006, by and between Andrew J. Tavi (Employee) and Noble International, Ltd, a Delaware corporation, whose address is 28213 Van Dyke Avenue, Warren, Michigan 48093 (the Company).
RECITALS
WHEREAS, the Company is engaged in the business of laser blank welding for the automotive industry (the Business).
WHEREAS, the Company desires to employ Employee, and Employee desires to be employed by the Company, upon the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and obligations contained herein, and intending to be legally bound, the parties, subject to the terms and conditions set forth herein, agree as follows:
TERMS
1. Employment Term. Subject to the terms and conditions set forth herein, the Company agrees to employ Employee, and Employee hereby accepts employment, as Vice President and General Counsel (GC) of the Company and its subsidiaries (the Position), for a term commencing on May 19, 2006 and ending on December 31, 2006 (the Employment Term) unless otherwise terminated under this Agreement. The Employment Term will automatically extend for successive periods of one year at the end of the then current Employment Term unless either the Company or Employee notifies the other in writing (a Non-Renewal Notice) of the expiration of the Employment Term at least 60 days prior to the end of the then current Employment Term.
2. Duties. During the Term, Employee shall serve the Company faithfully and to the best of Employees ability, shall devote Employees full attention, skill and efforts to the performance of the duties of the Position, which duties shall be having responsibility for general legal matters of the Company and its subsidiaries, including regulatory filings, providing general legal and business counseling to the Companys various business units and other matters as directed by the Chief Executive Officer and/or Board of Directors.
3. Other Business Activities. During the Term, other than as provided in Section 2 above, Employee will not engage in any other business activities or pursuits which are contrary to Employees responsibilities and obligations pursuant to this Agreement.
4. Compensation. The Company shall pay Employee, and Employee hereby agrees to accept, as compensation for all services rendered hereunder:
| a base salary of Two Hundred Thousand Dollars ($225,000) annually, less applicable withholdings (the Base Salary), payable in a manner and at such times as is consistent with the payroll practices of the |
| Company. Such Base Salary shall be reviewed no less than annually by senior management and the Board of Directors (or a committee thereof) which may be adjusted upward in the discretion of senior management and Board of Directors (or a committee thereof) commensurate with and taking into account (i) increases given to executives of the Company, (ii) the Companys performance, and (iii) any increase in the scope of Employees responsibilities or duties or of the Companys operations; |
| Performance Bonus a bonus as determined by the Board in consultation with the Employee and based upon individual performance and performance goals to be set by management of the Company applicable to senior executives of the Company, payable as and when bonuses are paid to such executives. |
5. Benefits. Employee shall be entitled to those employee benefits which the Company from time to time generally make available to employees and/or executives (Benefits) pursuant to the terms and conditions of the Companys benefit plans and/or policies. The Benefits shall initially include, without limitation:
a. Medical, dental, vision, and life and disability insurance and such other benefits as the Company may determine from time to time.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us