Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Employment Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Employment Agreement

Entities:

Bioforce Nanosciences Holdings, Inc.

Date:

2007

Size:

Preview shows 4KB of 29KB total

Price:

$39

ID:

#2836687

 

 

► Employment ► Employment Agreements

 

 

Start of Preview


                              EMPLOYMENT AGREEMENT


EMPLOYMENT AGREEMENT (this "Agreement") effective as of June 1, 2006
between BioForce Nanosciences Holdings, Inc (the "Company"), a Nevada
corporation, and Kerry M. Frey (the "Employee"), a resident of the State of
Illinois.

WHEREAS, the Company wishes to employ the Employee to render services for
the Company on the terms and conditions set forth in this Agreement and the
Employee wishes to be retained and employed by the Company on such terms and
conditions.

NOW, THEREFORE, in consideration of the premises, the mutual agreements
set forth below and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

1. Employment. The Company hereby employs the Employee, and the Employee
accepts such employment and agrees to perform services for the Company, for the
period and upon the other terms and conditions set forth in this Agreement.

2. Term. Unless terminated at an earlier date in accordance with Section 9
of this Agreement, the term of the Employee's employment hereunder shall be for
a period of three years, commencing on June 1, 2006. Thereafter, the term of
this Agreement shall be automatically extended for successive one-year periods
unless either party objects to such extension by written notice to the other
party at least 30 days prior to the expiration of the initial term or any
extension term.

3. Position and Duties.

(a) Service with Company. During the term of the Employee's employment,
the Employee agrees to serve as Chief Operating Officer of the Company. The
position reports to the President & Chief Executive Officer.

(b) Performance of Duties. The Employee agrees to serve the Company
faithfully and to the best of his ability during his employment by the Company.
The Employee hereby confirms that he is under no contractual commitments
inconsistent with his obligations set forth in this Agreement and that during
the term of this Agreement, he will not render or perform services for any other
corporation, firm, entity or person which are inconsistent with the provisions
of this Agreement, unless agreed to by the Board of Directors. While he remains
employed by the Company, the Employee may participate in reasonable charitable
activities, personal business activities and personal investment activities so
long as such activities do not interfere with the performance of his obligations
under this Agreement.

{PAGE}

4. Compensation.

(a) Base Salary. As compensation in full for all services to be rendered
by the Employee under this Agreement, the Company shall pay to the Employee a
base salary of $165,000 per year, less deductions and withholdings, which salary
shall be paid on a monthly basis in arrears in accordance with the Company's
normal payroll procedures and policies. The compensation payable to the Employee
during each year after the first year of the Employee's employment shall be
$185,000 for year two and $205,000 for year three.

(b) Additional Compensation. In the course of the employee's normal
activities the employee may achieve key milestones related to, for example, fund
raising, patents, sales, and other business goals. At its discretion the Board
may award additional compensation for accomplishments of this nature.

(c) Participation in Benefit Plans. While he is employed by the Company,
the Employee shall also be eligible to participate in all employee benefit plans
or programs of the Company to the extent that the Employee meets the
requirements for each individual plan. The Company provides no assurance as to
the adoption or continuance of any particular employee benefit plan or program,
and the Employee's participation in any such plan or program shall be subject to
the provisions, rules and regulations applicable thereto. The costs for

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC