EMPLOYMENT OFFER AGREEMENT
![[eclipsesuper8kexhibit1032001.jpg]](https://www.sec.gov/Archives/edgar/data/1526183/000149473313000139/eclipsesuper8kexhibit1032001.jpg){kind=small}
Page | 1
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
Xx. Xxx Xxx Xxxxx
0000 Xxxxxxx Xxxxxx
Downers Grove, IL 60516
Date: August 23, 2011
Dear Xxx Xxx:
Eclipse Identity Recognition Corporation (the “Company”) is pleased to offer you the position of
Chief Financial Officer (CFO) (Position Title). In this position, you will be reporting to Xxxxxxx
Xxxxxx. We are very impressed with your credentials and look forward to your future success with the
Company.
1. Hire Date. Should you confirm your acceptance of this position, your employment hire date under
this offer shall start effective August 23, 2011.
2. Compensation.
A. Salary: Your annual gross salary is $95,000 US Dollars. Company shall deduct or withhold
from your compensation/salary any and all sums required for federal and state taxes as well as
all local taxes and any deductions now applicable or that may become applicable to you or
Company in the future. Your salary will be payable pursuant to the Company's regular payroll
policy. Company may at times adjust salaries depending on overall Company business
operations, and/or the cost of living changes to salaries of similarity started Employees in the
Company or industry.
B. Stocks: You will be granted 100,000 shares of the Company’s Common stock. Stocks shall
vest on a monthly basis for three (3) years; with accelerated full vesting when Company is
acquired/sold. Stock grants are subject to approval by the Board of Directors of the Company.
3. Benefits. Upon the discretion of the Company, we may offer benefits to you.
4. Duties and Responsibilities of the Position. Your duties and responsibilities are described in the
attached job description. You will also perform such other duties as are customarily performed by
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
Page | 2
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
other persons in similar such positions, as well as such other duties as may be assigned from time
to time by Company.
5. Loyalty and Best Efforts. You shall loyally and conscientiously perform and devote all of your
working time, attention, knowledge, and skills to the Company's business interests and shall do so
in good faith, with best efforts, and to the reasonable satisfaction of the Company. During the term
of your employment with the Company, you will not render commercial or professional services of
any nature to any person or organization, whether or not for compensation, without the prior
written consent of the Company, and you will not engage or participate in any business that is
competitive in any manner with the business of the Company. You further acknowledge that you
will not engage in any form of activity that produces a conflict of interest with those of the
Company unless agreed to in advance and in writing.
6. Proof of Right to Work. For purposes of federal immigration law, you will be required to provide
to the Company documentary evidence of your identity and eligibility for employment in the
United States. Such documentation must be provided to us within three (3) business days of your
date of hire, or our employment relationship with you may be terminated.
7. Expense Reimbursement. As business operations permits and upon approval by the Company,
you may be entitled to reimbursement of any or all expenses authorized and reasonably incurred
expenses incurred in the performance of the functions and duties under this Agreement.
8. Confidential Information and Invention Assignment Agreement. Your acceptance of this offer
and commencement of employment with the Company is contingent upon the execution, and
delivery to an officer of the Company, execution of the Company's Confidential Information-
Invention Assignment Agreement, prior to or on your Hire Date.
9. Confidentiality of Terms. You agree to follow the Company's strict policy that Employees must
not disclose, either directly or indirectly, any information, including any of the terms of this
Agreement, regarding salary, bonuses, or stock purchase or option allocations to any person,
including other Employees of the Company; provided, however, that you may discuss such terms
with members of your immediate family and any legal, tax or accounting specialists who provide
you with individual legal, tax or accounting advice.
10. Termination.
A. Termination of Employment. You understand and acknowledge that your employment with the
Company is for an unspecified duration and constitutes an “At-Will” Employment, meaning
that you acknowledge that your employment relationship with the Company may be terminated
at any time, with or without good cause or for any or no cause, at your option or at the option of
the Company with or without notice, without further obligation or liability.
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
Page | 3
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
B. Return Upon Termination. As an Employee, you agree that upon termination, you will return
to the Company all of Company’s property, including, but not limited to, intellectual property,
trade secret information, customer lists, business plans, operation manuals, Employee
handbook, records and accounts, materials subject to copyright, trademark, or patent protection,
customer and Company information, Company Confidential Information, credit cards, business
documents, reports, automobiles, keys, passes, phones, computers, security devices, Company
software and products, and any other Company property.
11. Mediation and Binding Arbitration. This Agreement shall be interpreted and construed in
accordance with the laws of the State of California, United States of America without regards to the
conflict of laws provisions. Any dispute, controversy, claim, or difference arising out of, or in connection
with, or resulting from this Agreement, its application or interpretation, or a breach thereof, which cannot
be settled amicably by the parties or by mediation, shall be resolved definitively and exclusively by
arbitration under the Rules of Procedure of the American Arbitration Association (the "Rules") then
prevailing for which arbitration shall determine location for arbitration.
12. Miscellaneous Provisions.
A. Accuracy of Representations. As an Employee, you understands that any projections regarding
the financial status or potential for growth of this Company are matters of opinion only and do
not constitute a legally binding representation. You agree that they have had the opportunity to
conduct due diligence of the Company and are satisfied with the representations that have been
made.
B. Notices. You agree that any notices that are required to be given under this Agreement shall be
given in writing, sent by email, fax, or certified mail, return receipt requested, to the principal
place of business of the Company or residence of the Employee as set forth herein.
C. Entire Agreement. This Agreement represents the complete and exclusive statement of the
employment agreement between the Company and you as the Employee. No other agreements,
covenants, representations or warranties, express or implied, oral or written, have been made by
the parties concerning their employment agreement.
D. The Effect of Prior Agreements or Understandings. This Agreement supersedes any and all
prior Agreements or understandings between the parties, including letters of intent or
understanding, except for those documents specifically referred to within this Agreement.
E. Modifications. You and the Company agree that this writing, along with those Agreements
referred to within it, including, but not limited to, the Employee Handbook and Confidentiality-
Inventions Agreement, constitutes the entirety of this Agreement between the parties. Any
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
Page | 4
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
modifications to this Agreement may only be done in writing and must be signed by an officer
of the Company.
F. Severability of Agreement. To the extent that any provision hereof is deemed unenforceable,
all remaining provisions of this Agreement shall not be affected thereby and shall remain in full
force and effect.
X. Xxxxxx of Breach. The waiver by Company of a breach of any provision of this Agreement by
Employee shall not operate as a waiver of any subsequent breach by the Employee. No waiver
shall be valid unless placed in writing and signed by the officer of Company.
We are all delighted to be able to extend you this offer and look forward to working with you. To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided
below and return it to me, along with a Signed and dated copy of the Confidentiality-Inventions
Agreement. This offer letter, together with the Confidentiality-Inventions Agreement, set forth the
terms of your employment with the Company and supersedes any prior representations or agreements,
whether written or oral. This letter may not be modified or amended except by a written agreement,
Signed by the Company and by you.
[This section was left intentionally blank]
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
![[eclipsesuper8kexhibit1032002.jpg]](https://www.sec.gov/Archives/edgar/data/1526183/000149473313000139/eclipsesuper8kexhibit1032002.jpg){kind=small}
Page | 5
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
To accept this job offer:
1. Sign and date this job offer letter where indicated below.
2. Sign and date the enclosed Confidential Information-Inventions Assignment Agreement where
indicated.
3. Email or fax all pages of the signed and dated documents listed above back to us by August 23,
2011. A copy of each document is enclosed for your records.
To decline this job offer:
1. Sign and date this job offer letter where indicated below.
2. Email or fax all pages of this job offer letter back to us to arrive by August 23, 2011.
We at Eclipse Identity Recognition Corporation hope that you will accept this job offer and look
forward to welcoming you aboard. We are confident you will be able to make a significant
contribution to the success of our Company and look forward to working with you.
Sincerely,
![[eclipsesuper8kexhibit1032004.gif]](https://www.sec.gov/Archives/edgar/data/1526183/000149473313000139/eclipsesuper8kexhibit1032004.gif)
Xxxxx Xxxxxx
President & CEO
Enclosure # 1: Confidential Information-Inventions Assignment Agreement
Enclosure # 2: Job Description for this Position
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
Page | 6
Eclipse Identity Recognition Corporation. 00000 Xxx Xxxxx Xxxx, XXX 000, Xxx Xxxxx, XX 00000
ACCEPT/DECLINE JOB OFFER AGREEMENT:
Accept Job Offer
By signing and dating this letter below, I, ____________________________________ (Print Name),
accept this job offer of ____________________________________________ (Print Position Title) by
Eclipse Identity Recognition Corporation as outlined above.
Signature:_________________________________ Date: ______________
========================================================================
Decline Job Offer
By signing and dating this letter below, I, ________________________________ (Print Name),
decline this job offer of ______________________________________________ (Print Position Title)
by Eclipse Identity Recognition Corporation as outlined above.
Signature:_________________________________ Date:_____________
(408) 916‐1480
xxx.XxxxxxxXX.xxx
Fax: (408) 317‐1717
Xxx Xxx Xxxxx – Employment Offer Agreement
