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Three Party Employment Work Contract

 

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Title:

Three Party Employment Work Contract

Entities:

Synbiotics Corp.

Date:

2003

Size:

15KB total

Price:

$41

ID:

#327664

 

 

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THREE PARTY EMPLOYMENT WORK CONTRACT

 

Made by and between:

 

SYNBIOTICS EUROPE, S.A.S. with headquarters located at #2 rue Alexander Fleming, LYON, France, represented by Mr. Paul ROSINACK, President and Chief Executive Officer of SYNBIOTICS Corporation ;

 

Hereafter referred as:

SYNBIOTICS EUROPE;

 

and;

 

SYNBIOTICS Corp. a company incorporated under US Laws which registered office in located at 11011 Via Frontera San Diego, California 92127 represented by Mr. Paul Rosinack acting as President and Chief Executive Officer of the Company ;

 

Hereafter referred as

SYNBIOTICS CORP.;

 

On one hand:

 

Mr. Serge LETERME, living at 26 rue des Monts, 69280 Sainte Consorce, social security number :160059931227511.

 

On the other hand:

 

After having stipulated that :

 

Mr. Serge LETERME had been previously employed by SYNBIOTICS EUROPE as of July 10, 1997, with seniority accumulated during his employment as Head of Research & Development with the company RHNE MERIEUX DIAGNOSTICS SAS, from which he had been transferred under provisions of article L.122-12 of French labor law.

 

Following, and as of November 1, 1998, he had accepted employment with SYNBIOTICS CORPORATION headquarters in SAN DIEGO, California (USA) to hold the position of Vice President, Research and Development.

 

The management of SYNBIOTICS CORPORATION has proposed Mr. Serge LETERME to accept the position of Director Research and Development of SYNBIOTICS EUROPE, precising that under the present organization of R&D operations, the American parent company has decided to reinforce R&D activities from the French Affiliate but with part of the R&D personnel remaining in headquarters, San Diego.

 

After considering the above, and in view of the expertise acquired by Mr. Serge LETERME while at SYNBIOTICS CORPORATION and of his overall knowledge of the Group, he is offered the responsibilities of Director R&D at SYNBIOTICS EUROPE, FRANCE up to 80 % of his time, and dedicate the remaining time to supervise R&D operations of SYNBIOTICS CORPORATION.

 

Mr. Serge LETERME accepts the new responsibilities offered to him as well as the resulting employment agreement modifications, this annex to the employment agreement already in his procession sets forth the conditions and terms under which Mr. Serge Leterme is to be employed by SYNBIOTICS EUROPE, and supersedes all prior or contemporaneous agreements and/or annex existing between the two parties.

 

Seniority of Mr. Serge LETERME is resumed as of July 19, 1993

 

1


 

ARTICLE 1COVENANT

 


 

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