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Document Preview Employment Agreement |
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Title: |
Employment Agreement |
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Date: |
2003 |
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Size: |
Preview shows 6KB of 14KB total |
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Price: |
$37 |
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ID: |
#411445 |
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EMPLOYMENT AGREEMENT
This employment agreement (the Agreement), made this 14th day of May, 2003, by and between Aerosonic Corporation, a Delaware corporation (the Company), and David A. Baldini (the Employee) residing at 595 Glengarry Court, Earlysville, VA 22936.
WHEREAS, the Company wishes to employ the Employee and the Employee wishes to be employed by the Company on the terms and conditions hereinafter set forth.
NOW, THEREFORE, for these and other valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the Company and the Employee hereby agree as follows:
| 1. | Employment of Employee. On the terms and conditions hereinafter set forth, the company hereby employs the Employee as President and Chief Executive Officer and the Employee hereby accepts such employment. |
| 2. | Duration of Employment. Employment of the Employee by the Company hereunder shall commence at the date of the consummation of the Agreement and shall be for a period of three years from such date, unless earlier terminated pursuant to the provisions of paragraph 8 hereof. |
| 3. | Duties of Employee. The Employee shall serve the Company well and faithfully and shall, at all times, use his best efforts to promote the interest thereof and during the term of his employment hereunder shall devote his full business time and energies to the Company and its subsidiaries. The Employee shall comply with all lawful requests and directions given to him by the Board of Directors of the Company (the Directors) consistent with this position set forth in paragraph 1 and shall supply the Directors with such information and reports as the Directors may from time to time reasonably request. |
| 4. | Place of Employment. Except with his consent, the Employee shall not be required to perform duties which require his principal office or residence be maintained outside 1212 North Hercules Avenue, Clearwater, FL 33765; provided, however, that, in the discharge of his responsibilities hereunder, the Employee agrees to travel on business for reasonable time periods commensurate with his duties. The Employee shall be reimbursed for such travel in accordance with the Companys policy in respect thereof. All other out-of-pocket expenses incurred in connection with the Employees duties under this agreement shall be reimbursed in accordance with the Companys policy in respect thereof. |
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