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Employment Agreement

 

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Title:

Employment Agreement

Entities:

Power2ship Inc

Date:

2007

Size:

Preview shows 5KB of 29KB total

Price:

$41

ID:

#3181994

 

 

► Employment ► Employment Agreements

 

 

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                              EMPLOYMENT AGREEMENT


THIS EMPLOYMENT AGREEMENT (the "Agreement"), dated as of December 4,
2006 by and between Fittipaldi Logistics, Inc., a Nevada Corporation, its
affiliates, subsidiaries and assigns (the "Company"), Orin Neiman (the
"Employee") and Carriers Consolidation, Inc., a Florida corporation ("CCI").


W I T N E S S E T H:

WHEREAS, the Company desires to employ the Employee as the Chief
Executive Officer of its wholly owned subsidiary P2S Holdings, Inc. ("Fittipaldi
Carriers") and the Employee desires to be so employed;

WHEREAS, Employee and the Company desire to set forth in writing all of
their respective duties, rights and obligations with respect to the Employee's
employment by the Company; and

WHEREAS, the Company desires to terminate its Consulting Agreeement
with CCI effective the day prior to the Employee's employment starting date as
defined in Section 1 herein.

NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and obligations hereinafter set forth, the parties hereto, intending
to be legally bound, hereby agree as follows:

1. Employment and Term. The Company hereby agrees to employ the Employee,
and the Employee hereby accepts such continued employment by the
Company, in the capacity and upon the terms and conditions hereinafter
set forth. The term of employment under this Agreement shall be for the
period commencing January 1, 2007 (the "Commencement Date") and ending
on the second anniversary of the Commencement Date or January 1, 2009)
unless earlier terminated as herein provided (the "Term of
Employment"). Thereafter, this Agreement shall be renewed for
successive one (1) year terms unless previously terminated pursuant to
Section 5 herein or if either party elects to terminate his Agreement
by written notice to the other party at least ninety (90) days prior to
the expiration of the then-current Term of Employment. The last day of
the Employee's Term of Employment shall be referred to in this
Agreement as the "Date of Termination."

2. Duties. During the Term of Employment, the Employee shall serve as the
Company's Chief Executive Officer of its wholly owned subsidiary P2S
Holdings, Inc. ("Fittipaldi Carriers") and shall assume those
responsibilities customarily associated with and incident to this
position. The Employee shall serve the Company faithfully,
conscientiously and to the best of the Employee's ability and shall
promote the interests and reputation of the Company. Unless prevented
by sickness or disability, the Employee shall devote the majority of
his time, attention, knowledge, energy and skills, during normal
working hours, and at such other times as the Employee's duties may
reasonably require, to the duties of the Employee's employment.
Notwithstanding the foregoing, the Company understands that Employee
has other opportunities which require his attendance from time to time
and agrees that Employee may use his discretion to attend to them. The
principal place of employment of the Employee shall be the Company's
principal executive offices or at such other place(s) to be determined
by the Company and Employee. The Employee acknowledges that in the
course of his employment, Employee may be required, from time to time,

{PAGE}
to travel on behalf of the Company at the Company's expense. The
Employee's principal work place shall be in Florida. The Company shall
not prohibit Employee from additional opportunities as long as there is
not a conflict of interest now or in the future with Fittipaldi
Logistics and its affiliates currently including a consulting agreement
with Longhorn Transportation as well as a shareholder and board member
and on the Board of several charities. Employee must receive prior
permission in writing from the Board of Directors to execute additional
opportunities which shall not be unreasonably withheld.

3. Compensation and Benefits. As full and complete compensation for the
Employee's execution and delivery of this Agreement and performance of

 

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