INTERNATIONAL STAR, INC. OFFICER EMPLOYMENT AGREEMENT
Exhibit
10.1
INTERNATIONAL
STAR, INC.
EMPLOYMENT AGREEMENT by and
between International Star, Inc. and Xxxxxxxx X. Xxxxxxx.
For good
considerations, International Star, Inc. shall employ and Xxxxxxxx X. Xxxxxxx
agrees to be employed on the following terms:
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1.
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Effective
Date: Employment shall commence on April 1, 2008, time
being of the essence.
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2.
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Duties: Xxxxxxxx
X. Xxxxxxx agrees to perform the following
duties:
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To act in
the normal capacity of President.
Xx.
Xxxxxxx shall also perform such further duties as are incidental or implied from
the foregoing, consistent with his background, training and qualifications or
may be reasonably delegated as being in the best interests of International
Star, Inc. Xx. Xxxxxxx shall expend his best efforts on behalf of
International Star, Inc. and agrees to abide by all reasonable International
Star, Inc. policies and decisions now and hereinafter existing.
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3.
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Term: Xxxxxxxx
X. Xxxxxxx’x employment shall continue for a period of one (1) year,
beginning on the effective date of this
agreement.
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4.
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Compensation: Xxxxxxxx
X. Xxxxxxx shall be paid the following
compensation:
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a)
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Annual
salary: Forty-two Thousand and No/100 Dollars ($42,000), to be
paid on monthly terms.
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b)
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Stock
options of 5,000,000 shares at $.01 and 5,000,000 shares are $.03 based on
the stock option plan adopted by International Star, Inc. on December 1,
2006.
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5.
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Termination: This
agreement may be earlier terminated
upon:
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a)
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Death
of Xxxxxxxx X. Xxxxxxx or illness or incapacity that prevents Xx. Xxxxxxx
from substantially performing the normal duties associated with his
position.
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b)
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Breach
of agreement by Xxxxxxxx X.
Xxxxxxx.
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6.
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Renewal: Should
Xxxxxxxx X. Xxxxxxx remain in the employ of International Star, Inc. after
the termination of this Agreement, the terms of this Agreement shall
remain in full force and effect except that the continued term of
employment shall be at the will of the parties, and can be ended at any
time, for any reason, by either
party.
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7.
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Miscellaneous:
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a)
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Xxxxxxxx
X. Xxxxxxx agrees that during the term of this agreement and for a period
of two years hereafter, he will
not:
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i) Induce or
attempt to induce any employee to leave International Star, Inc.’s
employ;
ii) Interfere
with or disrupt International Star, Inc.’s relationship with any of its
employees;
iii) Solicit
or employ any person employed by International Star, Inc..
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b)
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This
agreement shall not be assignable by either party, provided that upon any
sale of this business by International Star, Inc., International Star,
Inc. may assign this agreement to its successor or Xxxxxxxx X. Xxxxxxx may
terminate same.
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c)
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In
the event of any dispute under this agreement, it shall be resolved
through binding arbitration in accordance with the laws of the state of
Nevada.
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d)
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This
constitutes the entire agreement between the parties. Any
modification must be in writing.
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8.
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Business
Expenses: All actual and reasonable business expense
incurred by Xxxxxxxx X. Xxxxxxx is fully reimbursable by the
Company.
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Dated: March
19, 2008
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Accepted
by:
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/s/ Xxxxxxxx
X. Xxxxxxx
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/s/
Xxxxxxxx X. Wine
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Xxxxxxxx
X. Xxxxxxx
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Xxxxxxxx
X. Wine, Secretary
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