CONTRACT FOR PERSONAL SERVICES
Exhibit 10.109
CONTRACT FOR PERSONAL SERVICES
| Between | Senetek PLC 000 Xxxxxx Xxxxx, Xxxxx X Xxxx, Xxxxxxxxxx 00000 (“Company”) | |
| And | Xxxxx Xxxxx (“Chief Scientist”) | |
Scope
Effective August 1, 2006, Xxxxx Xxxxx is appointed Chief Scientist of Senetek PLC reporting to the Chairman and Chief Executive Officer of the Company.
Responsibility
The Chief Scientist will work under the direction of the Chairman and CEO of the Company. Such direction will be principally provided via a rolling three month schedule of activities and objectives, mutually agreed by the Chief Scientist and the Chairman and CEO on a monthly basis.
Required Time Commitment
Chief Scientist will commit 31 weeks per year to Senetek business and give Senetek business first order of priority with respect to other business activities in which he may be engaged.
Other Business Activities
Chief Scientist may be engaged in business activities other than Senetek but such business activities shall not be of a nature that is directly competitive with Senetek and will be subject to Senetek priority as discussed in the paragraph above.
Fee
$9,000 per month, payable on the 15th day of the month.
Location and Travel
Chief Scientist will be based in Aarhus, Denmark. Expenses for travel undertaken on Senetek business will be reimbursed provided it is agreed in advance with the Chairman and CEO.
Other Expenses and Support
Non-travel expenses undertaken for Senetek business will be reimbursed subject to advance approval by the Chairman and CEO or the CFO of Senetek PLC.
Contract for Personal Services
Page 2
Administrative support will be provided by Senetek PLC – Napa.
Term and Termination
This contact will remain in force until terminated by either party to the contract. Such termination is solely at the will of either party, subject to a three month notice period.
| /s/ Senetek PLC | August 8, 2006 | |
| Senetek PLC | Date | |
| /s/ Xxxxx Xxxxx | August 8, 2006 | |
| Xxxxx Xxxxx | Date | |
