|
|
|
|
Document Preview Employment Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Employment Agreement |
|||
|
Entities: |
||||
|
Date: |
2006 |
|||
|
Size: |
Preview shows 4KB of 44KB total |
|||
|
Price: |
$47 |
|||
|
ID: |
#2538050 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
Exhibit 10.1
AGREEMENT
THIS AGREEMENT is made and entered into in St. Louis, Missouri, by and between SAVVIS, Inc. (the Company), a Delaware corporation with its principal place of business at St. Louis, Missouri, and Jeffrey H. VonDeylen, of St. Louis, Missouri (the Executive), effective as of the 1st day of October, 2006 (the Effective Date).
1. Employment. Subject to the terms and conditions set forth in this Agreement, Company hereby agrees to employ and continue in its employ the Executive, and the Executive hereby accepts such employment and agrees to remain in the employ of the Company.
2. Term. Subject to earlier termination as hereinafter provided, the Executives employment hereunder shall be for a term of four (4) years, commencing on the Effective Date, and, unless earlier terminated by the Company with not less than six months prior written notice, shall renew automatically thereafter for successive terms of one year each. The term of this Agreement, as from time to time extended or renewed, is hereafter referred to as the term of this Agreement or the term hereof.
3. Capacity and Performance.
(a) During the term hereof, the Executive shall serve the Company as Chief Financial Officer, reporting directly to the Chief Executive Officer of the Company.
(b) During the term hereof, the Executive shall perform the duties and responsibilities of his position and such other duties and responsibilities on behalf of the Company and its Affiliates, reasonably related to that position, as may be designated from time to time by the Companys Board of Directors (the Board) or other designee.
(c) During the term hereof, the Executive shall devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and its Affiliates and to the discharge of his duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any industry, trade, professional, governmental or academic position during the term of this Agreement, without informing and obtaining approval from the Board in writing.
4. Compensation and Benefits. As compensation for all services performed by the Executive under and during the term hereof, and subject to performance of the Executives duties and the fulfillment of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:
(a) Base Salary. During the term hereof, the Company shall pay the Executive a base salary at the rate of Three Hundred and Forty-Five Thousand Dollars ($345,000) per annum, payable in accordance with the regular payroll practices of the Company for its executives and subject to adjustment from time to time by the Board, in its sole discretion. Such base salary, as from time to time adjusted, is hereafter referred to as the Base Salary.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us