[THIS AGREEMENT HAS BEEN TERMINATED.]
Exhibit 10.14
Consulting Agreement
Scope of work
To provide financial or production related expertise on an as-needed basis
either electronically, by telephone or on-site as mutually agreed upon between
J. Xxxxxx Xxxxxx and Xxxx X. XxXxxxxxx on any and all matters as Xxxxxx and
XxXxxxxxx see fit.
Time commitment:
Maximum of 100 hours per twelve-month period from effective date of agreement
Fees and expenses:
By phone or electronically: $200.00 per hour with availability during
normal business hours plus long-distance telephone charge reimbursement
On site: $300.00 per hour during normal business hours plus reasonable
travel and lodging
Retainer: $10,000.00 retainer will be required to bind this agreement
Billing:
Consulting time and expenses will be billed on a monthly basis to the attention
of J. Xxxxxx Xxxxxx, and will carry net 15-day payment terms from invoice date
Acceptance:
By:
/s/ XXXX X. XXXXXXXXX/ 11/21/02
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Xxxx X. XxXxxxxxx Date
Consultant
/s/ J. XXXXXX XXXXXX/ 11/21/02
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J. Xxxxxx Xxxxxx Date
Chairman, CEO
Aerosonic Corporation
