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Employment Agreement

 

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Title:

Employment Agreement

Entities:

STAAR Surgical Co.; University of California, Los Angeles

Date:

2002

Size:

Preview shows 6KB of 33KB total

Price:

$35

ID:

#663720

 

 

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                              EMPLOYMENT AGREEMENT

--------------------

This Employment Agreement is made and entered into by and
between STAAR Surgical Company (the "Company"), a Delaware corporation located
at 1911 Walker Avenue, Monrovia, California 91016 and Helene Lamielle
(hereinafter the "Employee"), located at 18741 Via Siena, Irvine, CA 92612,
effective January 22, 2002.
--

RECITALS
--------

A. WHEREAS, the Company wishes to retain the services of
Employee and Employee wishes to render services to Company as Vice President of
Research and Development.

B. WHEREAS, the Employee and the Company desire to enter
into this Employment Agreement and to establish the terms and conditions of the
Employee's employment.

C. WHEREAS, the Company and the Employee intend that
this Agreement will supercede and replace any and all other employment
agreements or arrangements for employment entered into by and between the
Company and the Employee, and that such employment agreements or arrangements
shall have no further force or effect.

AGREEMENT
---------

NOW, THEREFORE, for and in consideration of the promises,
covenants, and agreements contained herein, the parties hereto agree as follows:

ARTICLE 1
EMPLOYMENT
----------

1.1 Employment. The Company hereby agrees to employ the
Employee and the Employee hereby agrees to serve the Company in the capacity of
Vice President of Research and Development, based upon the terms and conditions
set forth in this agreement.

1.2 Duties. During the term of her employment, the Employee
shall devote her full time, efforts, abilities, and energies to the Company's
business and, in particular, shall use her best efforts, skill, and abilities to
promote the general welfare and interests of the Company. The Employee shall
loyally, conscientiously, and professionally do and perform all such duties and
responsibilities as shall be reasonably assigned by the Company and the
Employee's superiors from time to time, and shall comply with all of the

{PAGE}

Company's personnel policies and procedures, including, but not limited to,
those contained in The Company's Employee Handbook.

1.3 Noncompetition, Nonsolicitation and Noninterference and
-------------------------------------------------------
Proprietary Property and Confidential Information Provisions.
------------------------------------------------------------

(a) Applicable Definitions.
----------------------

For purposes of this paragraph, the following capitalized
terms shall have the definitions set forth below:

(i) "Business Segments" - The term
"Business Segments" is defined as each of Company's (or Company's affiliates')
products or product lines.

(ii) "Competitive Business" - The term
"Competitive Business" is defined as any business that is or may be competitive
with or similar to or adverse to any of Company's (or Company's affiliates')
Business Segments, whether such business is conducted by a proprietorship,
partnership, corporation or other entity or venture.

(b) Nonsolicitation and Noninterference.
-----------------------------------

(1) Covenants. Employee hereby covenants and
agrees that Employee shall not, either for Employee's own account or directly or
indirectly in conjunction with or on behalf of any person, partnership,
corporation or other entity or venture:

(i) During the term of this Agreement and
for a period of one (1) year from the date this Agreement terminates or expires,
solicit or employ or attempt to solicit or employ any person who is then or has,
within twelve (12) months prior thereto, been an officer, partner, manager,
agent or employee of Company or any affiliate of Company whether or not such a
person would commit a breach of that person's contract of employment with
Company or any affiliate of Company, if any, by reason of leaving the service of
Company or any affiliate of Company (the "Nonsolicitation Covenant"); or

(ii) During the term of this Agreement
and for a period of one (1) year from the date of the Agreement, on behalf of,
directly or indirectly, any Competitive Business, or for the purpose of or with
the reasonably foreseeable effect of harming the business of Company, solicit
the business of any person, firm or company which is then, or has been at any

 

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