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Document Preview Employment Agreement |
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Title: |
Employment Agreement |
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Date: |
2004 |
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Price: |
$38 |
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ID: |
#459548 |
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EMPLOYMENT AGREEMENT
Parties
The parties to this Agreement, made as of the 2nd day of August 2004, are K-Swiss Inc., a Delaware corporation (the Company or K-Swiss), and Steven B. Nichols (the Executive).
Recitals
WHEREAS, the Executive possesses an intimate knowledge of the footwear business and the business and affairs of the Company, its policies, methods, personnel and operations.
WHEREAS, K-Swiss and the Executive are parties to an Employment Agreement made as of May 18, 2000, (the 2000 Agreement), which expires December 31, 2005 and whereas the Board of Directors of K-Swiss desires to assure K-Swiss of the Executives continued employment in an executive capacity and to compensate him therefor.
WHEREAS, the Executive is willing to commit himself to serve K-Swiss on the terms herein provided.
Therefore, in consideration of the foregoing and of the respective covenants and agreements of the parties herein contained, the parties hereto agree as follows:
Agreement
1. Employment.
(a) The Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, all on the terms and conditions set forth herein.
(b) The employment of the Executive by the Company pursuant to this Agreement shall be for the period commencing on January 1, 2006 (the Commencement Date) and expiring on the date set forth in Section B of Appendix I hereto (the Expiration Date), unless such employment shall have been sooner terminated as hereinafter set forth.
2. Position and Duties.
The Executive shall serve in the capacity or capacities set forth in Section A of Appendix I hereto, shall be accountable to, and shall also have such other powers, duties and responsibilities as may from time to time be prescribed by, the Board of Directors, provided that such other duties and responsibilities are consistent with the Executives position.
The Executive shall perform and discharge, faithfully, diligently and to the best of his ability, such duties and responsibilities. The Executive shall devote substantially all his working time and efforts to the business and affairs of the Company.
3. Compensation.
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