Exhibit 10(a)
Employment Agreement
This Employment Agreement (this "Agreement") is made effective as of May 1,
1997, by and between Sytron, Inc. ("the Employer") of Broomfield, Colorado, and
Xxxxxx Xxxxxx ("the Employee"), of Longmont, Colorado.
WHEREAS:
(1) Employer desires to have the services of Employee.
(2) Employee is willing to be employed by Employer.
Therefore, the parties agree as follows:
1. Employment. Employee shall serve as President of Sytron, Inc. Employee's
duties shall include, but not be limited to general, manufacturing, and sales
and marketing management. Employee shall also perform reasonable additional
duties for Employer and subsidiary companies as reasonably required by Employer.
2. Compensation. Employee's base salary will be $96,000 per year plus an
automobile to be provided by the company. The salary shall continue as a minimum
through the term of this agreement unless increased by Employer.
3. Term/Termination. Employee's employment under this Agreement shall
continue through January 1, 2000. Employee may not be terminated by Employer
during this term except in the event of malfeasance by Employee. If Employer
determines that Employee has committed an act of malfeasance in the performance
of his employment, Employer shall provide Employee with 15 days notice of its
intent to terminate Employee's employment and shall provide Employee with an
opportunity to explain the action which the Employer has determined is
malfeasance. Employer shall in good faith consider Employee's explanation in
determining whether to terminate Employee's employment for malfeasance.
4. Applicable Law. This Agreement shall be governed by the laws of the
State of Colorado.
Agreed and accepted:
Employer: Employee:
Sytron, Inc.
by: Xxxxxxx Xxxxxxxx /s/ Xxxxxx Xxxxxx
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Xxxxxxx Xxxxxxxx, C.E.O. Xxxxxx Xxxxxx
Dated: 5/1/1997 Dated: 5/1/1997
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