Employment Agreement
This Employment Agreement (this Agreement), dated as of Sept 20, 2006, is between Cardiac Science Corporation, a Delaware corporation (the Company), and Garry Norris, Vice President, Marketing (Executive);
WITNESSETH:
WHEREAS, the Company desires to continue to retain the services of Executive upon the terms and conditions set forth herein; and
WHEREAS, Executive is willing to continue to provide services to the Company upon the terms and conditions set forth herein.
AGREEMENTS:
NOW, THEREFORE, for and in consideration of the foregoing premises and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and Executive hereby agree to enter into an employment relationship in accordance with the terms and conditions set forth below.
The Company will continue to employ Executive and Executive will continue to accept employment by the Company as its Vice President, Marketing, and continue to report to the Chief Executive Officer. Changes may be made from time to time by Employer in its sole discretion to the duties, reporting relationships and title of Executive. Executive will perform the duties of Vice President, Marketing and will devote full time and attention to achieving the purposes and discharging of responsibilies afforded the position, and such other duties as may be assigned from time to time by the Chief Executive Officer, which relate to the business of the Company and are reasonably consistent with Executives position.
During Executives employment, the Executive will not engage in any other business activity which, in reasonable judgment of the Chief Executive Officer, conflicts with the duties of the Executive under this agreement, whether or not such activity is pursued for gain, profit or other advantage.
Executive will comply with the policies, procedures, and applicable laws and regulations that govern the Company, and will take reasonable steps to ensure that the
operations the Executive manages are in compliance with all applicable policies, procedures, laws and regulations.
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COMPENSATION AND BENEFITS |
The Company agrees to pay or cause to be paid to Executive, and Executive agrees to accept in exchange for the services rendered hereunder by him, the following compensation:
Executives compensation shall consist of an annual base salary (the Salary) of two hundred twenty-five thousand dollars ($225,000), payable bi-weekly and in accordance with the payroll practices of the company. The Salary shall be reviewed, and shall be subject to change, by the Board of Directors of the Company (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.
Executive shall be eligible to participate in Employers annual incentive bonus plan, and in accordance with executive bonus plans, which shall be adopted and modified from time to time in the sole discretion of the Board of Directors (or the Compensation Committee of the Board of Directors) of the Company.
Executive will be eligible to participate, subject to and in accordance with applicable eligibility requirements, in such benefit programs as shall be provided from time to time by action of the Companys Board of Directors, which shall include, at a minimum, basic health, dental and vision insurance.
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2.4 |
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Vacation and Other Paid Time-Off Benefits |
Executive shall be entitled to four (4) weeks vacation each year, unless years of service warrant additional vacation under the Company vacation policy as offered all other employees, and during which time Executives base compensation will continue in full. Vacation will be scheduled by mutual agreement. Executive will be provided such holidays and sick leave as Employer makes available to its all other employees.
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