EXECUTIVE EMPLOYMENT AGREEMENT
This
Executive Employment Agreement (the “AGREEMENT”) is made and entered into as of
December 14, 2006, by and between Vision Global Solutions, Inc., a Nevada
corporation (the “COMPANY”), and Xxxx Xxxxxx, (the “EXECUTIVE”).
WITNESSETH:
WHEREAS,
the COMPANY desires to formalize its relationship with the EXECUTIVE and the
EXECUTIVE wishes to formalize his relationship with the COMPANY;
and,
WHEREAS,
the EXECUTIVE is willing to formalize his relationship with the COMPANY on
the
terms and subject to the conditions contained herein.
NOW,
THEREFORE, the parties have agreed to the following:
1. Employment. The
COMPANY hereby employs the EXECUTIVE, and the EXECUTIVE hereby agrees to enter
into the AGREEMENT with the COMPANY, President and Chief Executive Officer
of
the COMPANY.
2. No
Breach of Obligations. The
EXECUTIVE represents and warrants to the COMPANY that he has the requisite
skills and experience, and has proven his values and abilities to the COMPANY,
and is ready, willing and able to perform those duties pertinent to the position
for which he is hired and that his entry into this AGREEMENT with the COMPANY
does not constitute a breach of any agreement with any other person, firm or
corporation, nor does any prior agreement between the EXECUTIVE and any person,
firm or corporation contain any restriction or impediment to the ability of
the
EXECUTIVE to perform those duties for which he was hired, or which may be
assigned to, or reasonably expected of him.
3. Services. During
the full term of this AGREEMENT, the EXECUTIVE shall perform to the best of
his
abilities the following services and duties, in such manner and at such times
as
the COMPANY may direct, the following being included by way of example and
not
by way of limitations:
a) the
EXECUTIVE will be available to discuss all company matters that are presented
to
him, within a reasonable time;
b) the
EXECUTIVE shall consult with and advise the officers of the COMPANY, either
orally or at the request of the COMPANY, in writing, to such matters as the
Chairman, shall deem necessary to discuss relating to the management and
operations of the COMPANY; and
c) the
EXECUTIVE shall be responsible for such other duties and responsibilities as
necessary to fulfill his duties as President and Chief Executive Officer of
the
COMPANY.
4. Compensation. The
Company shall pay to the EXECUTIVE 25,000 shares of Common Stock of the Company
(post reverse stock split as it may be determined by the COMPANY at a later
date) for his services to the Corporation for two years or until the COMPANY
is
merged with an operating company.
5. Term
and Termination. This
Agreement shall be deemed to be effective as of the date indicated above and
shall continue in full force and effect for two years from the date of the
execution of the Agreement or until the COMPANY is merged with an operating
company, and shall automatically renew for successive one year terms, unless
either party shall provide notice to the other party of the intention not to
renew, within thirty (30) days prior to the end of any term herein.
This
Agreement has been approved by the Board of Directors, as indicated by their
respective signatures. This Agreement has been approved by the EXECUTIVE, as
indicated by his signature.
IN
WITNESS WHEREOF, the parties have executed this Agreement the day and year
first
above written.
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The
“COMPANY”
Vision
Global Solutions, Inc.,
a
Nevada corporation
/s/
Xxxx Xxxxxx
Xxxx
Xxxxxx, Chairman of the Board of Directors
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The
“EXECUTIVE”
/s/
Xxxx Xxxxxx
Xxxx
Xxxxxx, an individual
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