EX-10.23
from 10-K
~10
pages
Whereas, the Company Desires to Promote Executive to the Position of Vice President of Production and Product Development Effective as of March 1, 2000, and the Board of Directors of the Company Elected Executive as Vice President of Production and Product Development on July 12, 2000; and Whereas, the Company Desires to Continue to Have the Benefit of Executive's Experience and Loyalty, and Executive Is Willing to Provide Executive's Services on the Terms and Conditions Set Forth Herein; Now, Therefore, in Consideration of the Premises and the Mutual Covenants Herein Contained, the Parties Hereto Agree as Follows: 1. Definitions. the Following Capitalized Terms Used in This Agreement Shall Be Defined as Follows: "Agreement" Shall Mean This Agreement Between the Company and Executive. "Base Salary" Shall Mean the Annual Base Salary Payable to Executive Pursuant to Section 4(a) Hereof, and "Monthly Base Salary" Shall Mean the Base Salary Divided by Twelve (12). "Board" Shall Mean the Board of Directors of First Team Sports, Inc. "Cause" Shall Mean Executive's (1) Gross Misconduct, Dishonesty or Disloyalty; (2) Willful and Material Breach of This Agreement by Executive; or (3) Conviction or Entry of a Plea of Guilty or Nolo Contendere to Any Felony or to Any Misdemeanor Involving Fraud, Misrepresentation or Theft
12/34/56