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Employment Agreement

 

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Title:

Employment Agreement

Entities:

Lamar Advertising of Michigan Inc

Date:

2006

Size:

33KB total

Price:

$45

ID:

#2568220

 

 

► Employment ► Employment Agreements

 

 

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EMPLOYMENT AGREEMENT
between
NORTH AMERICAN ENERGY PARTNERS INC.
and
MILES WILLIAM JOHN SAFRANOVICH


 

 

1.   EFFECTIVE DATE
1.1 The effective date (the Effective Date) of this Employment Agreement (the Agreement) shall be August 1, 2006.
2.   PARTIES
2.1   The parties to this Agreement shall be:
  (a)   North American Energy Partners Inc. (NAEPI), a federal corporation extra-provincially registered in Alberta and located at Zone 3 Acheson Industrial Area 2, 53016 Hwy 60, Acheson, Alberta T7X 5A7 Canada
and
  (b)   Miles William John Safranovich, an individual, residing at 46-25507 Township Road 512A, Spruce Grove, Alberta, T7Y 1A8 (the Executive)
3.   TITLE
3.1   The position title shall be Vice President, Business Development and Estimating.
4.   RECITALS
  (A)   The Executive is an executive and employee of NAEPI.
 
  (B)   The Executive wishes to remain employed with NAEPI, and NAEPI wishes the Executive to continue in the position of Vice President, Business Development and Estimating, and such other executive positions and titles that the Executive may hold in future with NAEPI and the NAEPI Group.
 
  (C)   The parties want to outline and confirm the terms and conditions of their employment relationship in this Agreement.
5.   DEFINITIONS
5.1   In this Agreement, the following words shall have the following meaning:
         
 
  Affiliate   Means when used to indicate a relationship with Person, the same as is set forth in the Securities Act (Alberta).
 
       
 
  Board   Means the board of directors of NAEPI.
 
       
 
  Intellectual Property   Means all ideas, inventions, discoveries, processes, designs, methods, substances, articles, computer programs and improvements, whether or not patentable or copyrightable, which the Executive discovers, conceives, invents, creates or develops, alone or with others, during the time he is employed with NAEPI.


 

2

         
 
  NAEPI Executive   Means the named executive of NAEPI.
 
       
 
  NAEPI Group   Means NAEPI, NACG Preferred Corp., NACG Holdings Inc. and their Affiliates.
 
       
 
  Person   Means any individual, corporation, limited liability corporation, limited or general partnership, joint venture, association, joint stock corporation, trust, plan, unincorporated organization or government or any agency or political subdivisions thereof.
 
       
 
  President   Means the President and CEO from time to time of NAEPI or such other person appointed by the Board for the purposes of this Agreement.
 
       
 
  Share Option Plan   Means the NAEPI Amended and Restated 2004 Share Option Plan, as amended from time to time.
 
       
 
  Start Date   Means November 29, 2004.
 
       
 
  Termination Date   Means the Executives last day actively at work for NAEPI, regardless of the reason for cessation of employment.
6.   INTERPRETATION
6.1 Headings are for convenience only and do not affect or contribute to the interpretation of this Agreement.
6.2 NAEPI includes the successors and assigns of NAEPI and any corporation with which it may be amalgamated and any corporation formed under its reconstruction.
6.3 A reference to an Act includes a reference to that Act as amended from time to time and if that Act is repealed and replaced by another Act, that replacement Act in substitution for the original Act.
7.   APPOINTMENT & TERM
7.1 As of the Effective Date, NAEPI shall continue to employ the Executive as Vice President, Business Development and Estimating of NAEPI, and the Executive agrees to continue his employment with NAEPI on the terms and conditions set out in this Agreement.
7.2 This Agreement and the Executives employment with NAEPI shall continue indefinitely until terminated in accordance with Clause 13 of this Agreement.
8.   RESPONSIBILITIES OF THE EXECUTIVE
8.1 The Executive shall serve the NAEPI Group in the capacity of Vice President, Business Development and Estimating and shall perform the duties on a full-time basis as particularized in the attached Schedule 1, and as determined from time to time by the President. The Executive agrees to assume, for no additional compensation, such titles and responsibilities as are directed with respect to the other entities in the NAEPI Group. The Executive acknowledges and understands that the business of the NAEPI Group may change from time to time, and that the duties of the Executive may also change from time to time.

 

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