EX-10.1
from 8-K
6 pages
1. Annual Salary. Your Salary Will Be Three Hundred Thousand U.S. Dollars ($300,000) Per Year, to Be Paid in Accordance With the Company Standard Payroll Schedule. 2. Title; Responsibilities. Executive Shall Begin His Employment With the Company on the Date Hereof With the Title of Co-Chief Executive Officer. as Co-Chief Executive Officer, You Will Be Expected to Perform the Duties and Responsibilities as Are Consistent With Such Position, Including, Without Limitation, Managing the Company’s Overall Growth, Strategic Business Planning, Operations, Profitability, Establishing and Implementing Annual Operating Budgets, Performance and Supervision of Senior Management, Interactions With Existing/Potential Investment Institutions and Individuals, Strategic Partners, Capital Market-Related Intermediaries, and Industry Analysts. You Will Devote Substantially All of Your Business Time and Attention to the Performance of Your Duties Hereunder and Will Not Engage in Any Other Business, Profession, or Occupation for Compensation or Otherwise Which Would Conflict or Interfere With the Performance of Such Services Either Directly or Indirectly Without the Prior Written Consent of the Board of Directors
12/34/56
EX-10.8
from S-1
6 pages
[You Will Be Eligible to Be Considered of Participating the Stock Options Plan and Will Be Awarded Based on Objective or Subjective Criteria Established by the Company’s Management and Approved by the Company’s Board of Directors. Any Bonus for the Fiscal Year in Which Your Employment Begins Will Be Prorated, Based on the Number of Days You Are Employed by the Company During That Fiscal Year. Any Bonus for a Fiscal Year Will Be Paid Within [3] Months After the Close of That Fiscal Year, but Only if You Are Still Employed by the Company at the Time of Payment. Where Issued, Bonuses Will Not Be Deemed Earned by You Unless and Until It Is Awarded by the Company. Determinations of the Company’s Board of Directors With Respect to Your Bonus, if Any, Will Be Final and Binding.]
12/34/56