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Employment Agreement

 

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Title:

Employment Agreement

Entities:

General Employment Enterprises Inc.

Date:

2002

Size:

Preview shows 4KB of 15KB total

Price:

$33

ID:

#934207

 

 


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During December 2001, the Registrant entered into an Employment

Agreement substantially in the form below with each of Gregory
Chrisos, Nancy Frohnmaier, Marilyn White and Kent Yauch. The
individual agreements are not being filed pursuant to Instruction
2 to Item 601 of Regulation S-K.





EMPLOYMENT AGREEMENT



THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and
entered into as of the ___ day of ______________, 2001 by and
between General Employment Enterprises, Inc., an Illinois
corporation (the "Company"), and _______________ ("Employee").

1. Term; Effect on Other Agreements. This Agreement sets forth
the duties and obligations of the Employee to the Company and
provides protection to the Employee in the event the Employee's
employment with the Company is terminated following a Change in Control.


(i) Term. Employee and Company understand and agree that
Employee's employment with the Company is "at will" and may be
terminated by either party at any time. No provision of this
Agreement shall give Employee any right to continue in the employ
of the Company, create any inference as to the length of
employment of Employee, affect the right of the Company to
terminate Employee's employment, with or without Cause, or give
the Employee any right to participate in any employee welfare or
benefit plan or other program of the Company.

(ii) Compensation and Benefits. Employee's compensation shall be
determined by the Company in its sole discretion from time to
time. Employee may be entitled to participate in certain plans
or programs available to executives including an executive bonus
plan covering a category of employees of which Employee is a
member.

(iii) Key Manager Plan. By entering into this agreement,
Employee hereby agrees to waive any benefits to which the
Employee may be entitled under the General Employment
Enterprises, Inc. Key Manager Plan (the "Key Manager Plan"), and
the Employee acknowledges and agrees that amounts paid under this
Agreement shall be in lieu of and offset any benefits to which
Employee may be entitled under the Key Manager Plan.

2. Confidential Information. The Employee acknowledges and
agrees that solely by virtue of his employment with the Company,
Employee has acquired and will continue to acquire special
knowledge of the Company's unique business processes and
relationships with its customers, and that, but for association
with the Company, the Employee would not have had knowledge of
such processes and relationships. The Employee agrees not to
make use of any books, records, documents, papers, software
(including but not limited to Company's Applicant Retrieval
Software, customer lists and prospective customer lists) or other
information or copies thereof which are obtained in the course of
Employee's employment with the Company which are the confidential
and proprietary information of the Company, and Employee agrees
to return to Company all such information or material at
termination of employment.

3. Noncompetition/Nonsolicitation. In consideration for the
Company's commitment to pay severance compensation to the
Employee in accordance with the terms and conditions of Section 4

 

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