Employment Agreement Maria Baker
Xxxxx Xxxxx
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Position: |
Vice President of Operations |
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Term: |
February 1, 2007-January 31, 2008 |
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Base Salary: |
$125,000 |
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Place of Employment: |
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1. |
Employee may work out of her home in Austin, Texas as her primary office |
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2. |
Employee must be available to attend meetings in Dallas, Texas as requested by the company |
Bonus Eligibility:
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1. |
up to 25% of Base Salary based on achievement of annual business objectives |
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a. |
(50%) Personal Position Defined Objectives |
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b. |
(50%) Company Financial Objectives (50%) |
Stock Option Participation:
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1. |
Determined annually by the Board of Directors |
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Benefits: |
Consistent with the benefits offered all employees |
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Vacation: |
4 weeks paid vacation |
Other Considerations:
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1. |
An allowance of $12,500 for travel and personal expenses associated with commuting between her primary residence of Austin, Texas and Dallas Texas. Employee must agree to spend a minimum of 40 hours per week on company business. |
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2. |
If there is a change of control, |
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a. |
all options will immediately vest |
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b. |
automatic 90 day severance payment |
Please indicate your acceptance of this agreement by your signature, and return this letter to me. Thank you.
Xxxxx X. Xxxxx
COO/CFO
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____________________________________ |
_____________________ |
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Signature |
Date |
Xxxxx Xxxxx
Vice President Operations & IT
