|
|
|
|
Document Preview Employment Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Employment Agreement |
|||
|
Entities: |
||||
|
Date: |
2007 |
|||
|
Size: |
10KB total |
|||
|
Price: |
$40 |
|||
|
ID: |
#2919198 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
EMPLOYMENT AGREEMENT
This Agreement is by and between Source Interlink Companies Inc., (?Company?), and Steven R. Parr, (?Employee?).
WHEREAS, Company wishes to retain Employee in its employ; and
WHEREAS, Employee desires to be retained by Company pursuant to the terms of this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
1. Services. Employee hereby agrees to be retained by Company, as President, PEM Division, Source Interlink Companies Inc. with duties and responsibilities subject to the management and direction of the Company?s officers and directors. Employee agrees to devote 100% of his professional time to this position and will perform his duties to the best of his abilities.
2. Duration. This agreement will be for a term of three years.
3. Compensation and Benefits.
(a) Base Salary. Employee shall be paid an aggregate annual base salary as follows: (1) during the period from the first day of employment through and including June 30, 2008, Six Hundred Twenty Thousand Dollars, ($620,000); (2) during the period from July 1, 2008, through and including June 30, 2009, Six Hundred Forty Thousand Dollars, ($640,000); (3) during the period from July 1, 2009, through and including June 30, 2010, Six Hundred Sixty Thousand Dollars ($660,000); provided however, that such annual rates may be adjusted from time to time by the Compensation Committee of the Board after having taken into account the performance of the Executive and such other factors deemed relevant by such Committee. Base Compensation shall be payable in such installments and at intervals prescribed from time to time under the Company?s payroll policies and practices, and shall be subject to such withholdings as are required by applicable law.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us