EXHIBIT 4.8
FORM OF EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement") is effective ______________ (the
"Effective Date"), by and between Assembly and Manufacturing Systems, Inc.
("AMS"), a California Corporation, which is a wholly owned subsidiary of SGI
International ("SGI"), and , an individual ("Employee").
In consideration of the mutual agreements and the promises herein contained, the
parties hereto agree as follows:
1. Employment. AMS hereby employs Employee and Employee hereby accepts
employment with AMS on the terms and conditions ----- set forth in this
Agreement.
2. Term of Agreement. This Agreement shall commence on the Effective Date and
Employee's employment shall continue until terminated, which may be done by
either party for any reason, or no reason, with or without cause or advance
notice. This Agreement shall govern the relationship between Employee and AMS
until December 31, 2000, at which time this Agreement shall terminate.
Thereafter Employee shall be an "At Will" employee of AMS.
3. Duties. Employee shall devote his full productive time to the duties
assigned to him. "Full productive time" is hereby defined as that time
reasonably necessary to perform his required duties in a timely manner, but not
less than forty (40) hours per week, for fifty-two (52) weeks per year, less
holidays, sick leave, and vacation time in accordance with the then-prevailing
policies of AMS.
4. Compensation. In consideration of Employee's performing the duties described
herein, AMS agrees to compensate employee as set forth in Exhibit A, attached
hereto and incorporated herein, payable on a weekly basis. Employee shall also
be covered by AMS's Group Medical Insurance, and such other group benefits
granted to employees pursuant to the then prevailing policies of AMS.
Employee has received and shall also receive:
(a) As incentive compensation, such bonuses and benefits as AMS or SGI's Board
of Directors, in its sole discretion, shall determine.
(b) As further incentive compensation, SGI Warrants in an amount to be decided
in the sole discretion of SGI's Board of Directors.
(c) Reimbursement of reasonable business expenses incurred by Employee in
accordance with AMS's policies.
5. Integration. This Agreement shall not be modified or amended, except by a
writing signed by both parties.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed at Simi Valley, California.
Assembly and Manufacturing Systems, Inc. Employee
By:
Xxxx Xxxxxxxx, President
