|
|
|
|
Document Preview Employment Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Employment Agreement |
|||
|
Entities: |
||||
|
Date: |
2007 |
|||
|
Size: |
23KB total |
|||
|
Price: |
$37 |
|||
|
ID: |
#2980539 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
EMPLOYMENT AGREEMENT
This Agreement is made as of July 15, 2007, between Grupo Sur Promociones de M?xico SA de CV, a Mexico corporation (the ?Company?), and Francesca Cowal Wright, an individual residing in Mexico City, Mexico (the ?Executive?).
PREAMBLE
A. The Executive is currently the President (?President?) of the Company. The Company desires to continue to employ the Executive in such positions, and the Executive desires to continue his employment with the Company.
Therefore, the parties agree as follows with the intent to be legally bound.
1. Employment. The Company hereby employs the Executive, and the Executive hereby accepts employment with the Company, upon the terms and subject to the conditions set forth in this Agreement.
2. Position and Duties. The Executive?s position is the President of the Company and, as such, he will have the duties, responsibilities and authority normally associated with such position and such additional duties, responsibilities and authority not inconsistent with the foregoing as may be assigned to him/her by the Company?s Board of Directors (the ?Company Board?) from time to time. In addition to performing such duties for the Company, the Executive may be required to perform similar duties for one or more subsidiaries of the Company for no additional compensation. The Executive will report to the Company Board and will devote his best efforts to the business and affairs of the Company. The Executive will not assume any position with any for profit entity other than a subsidiary of the Company. The Executive will perform his duties and responsibilities to the best of his abilities and in a diligent, trustworthy, businesslike and efficient manner.
3. Base Salary; Incentive Compensation; Benefits; Expenses.
(a) The Executive?s base salary will be as set forth on Exhibit A or such higher rate as the Company Board may designate from time to time (the ?Base Salary?), which salary will be payable in regular installments in accordance with the Company?s general payroll practices.
(b) The Executive will be entitled to all such incentive compensation and benefits as are set forth on Exhibit A or as otherwise determined by the Company Board.
(c) The Company will reimburse the Executive for all reasonable expenses incurred by him in the course of performing his/her duties under this Agreement which are consistent with the Company?s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company?s requirements with respect to reporting and documentation of such expenses.
4. Term and Termination.
(a) Duration. Unless otherwise terminated as provided herein, the term of this Agreement will commence as of the date first written above, will continue thereafter for an initial term of two years, and will automatically renew thereafter for successive one-year terms unless either party gives written termination notice to the other no later than 90 days prior to the expiration of the then current term. Notwithstanding the foregoing and except as set forth in the last sentence of this subsection, the Executive?s employment with the Company will terminate (i) 30 days following delivery by the Company to the Executive of written notice to such effect (unless the termination is for Cause, in which case no advance notice is required, except as set forth in clause (E) below) and may be given for any or no reason, (ii) 30 days following delivery by the Executive to the Company of the Executive?s resignation (unless the resignation is for Good Reason and the Company refuses in writing to cure its breach of this Agreement or if such breach is incapable of cure), or (iii) upon the Executive?s death or permanent disability or incapacity (as determined by the Company Board in its reasonable and good faith judgment). As used herein, ?Cause? means (A) the conviction of a felony or a crime involving moral turpitude, (B) the commission of any act involving dishonesty, fraud or a breach of the duty of loyalty with respect to the Company or any of its Affiliates or conduct tending to bring the Company or any of its Affiliates into public disgrace or disrepute, (C) gross negligence or willful misconduct with respect to the Company or any of its Affiliates, (D) addiction to drugs or alcohol if the Executive is not undergoing rehabilitation treatment or (E) a material breach by the Executive of this Agreement which (if capable of cure) is not cured within 30 days after the Executive?s receipt of written notice of the same from the Company.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us