EXHIBIT 10.9
EMPLOYMENT AGREEMENT AMENDMENT
Employment Agreement Amendment ("Amendment") made May 1, 1999, by and
between Level Jump Financial Group, Inc., ("Level Jump") a Colorado corporation
and xxxxxxxxxxxx.xxx inc. ("thestockpage") an Ontario corporation,
("collectively referred to as the Companies" and individually referred to as a
"Company") and Xxxxx Xxxx ("Xxxx").
WHEREAS, the Companies and Xxxx have entered into an Employment Agreement
("Agreement") dated May 1, 1999, the same date as this Amendment.
WHEREAS, the Companies desire to employ Xxxx and Xxxx desires to be
employed by the Companies upon the terms and conditions set forth in the
employment agreement dated May 1,1999 and in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereto agree as follows:
1. Compensation.
Xxxx agrees that from May 1, 1999 through April 30, 2000, as compensation for
the services under this agreement in respect of the Companies and their
respective divisions, affiliates and subsidiaries and, if elected, as a director
of the Companies and their respective affiliates or subsidiaries, his annual
compensation shall be $84,000 in Canadian funds, payable in equal installments
no less frequently than monthly, in accordance with the Companies' usual payroll
procedures. For greater certainty, despite the foregoing, the Companies are
jointly and severally liable to pay all compensation, remuneration and benefits
to which Xxxx is entitled pursuant to the Agreement irrespective of whether Xxxx
performs such services on behalf of affiliates, or subsidiaries. For greater
certainty, the annual compensation stipulated in this Amendment reduces the
amount stipulated in the Agreement.
Xxxx will also be entitled to receive such bonus compensation as the board of
directors of Level Jump determines from time to time acting reasonably having
regard to bonus compensation customarily paid to senior executives by
corporations similar to Level Jump.
2. Notices.
All notices required or permitted under this agreement will be in writing and
will be deemed delivered when (i) delivered in person or (ii) upon receipt if
mailed by United States mail, postage prepaid, return receipt requested, the
addresses as follows:
Company Level Jump Financial Group, Inc.
000 Xxxxxxxx Xxxxxx West, Suite 401
Toronto, Ontario M5H 2LH
Canada
Xxxx Xxxxx Xxxx
0 Xxxxxx Xx. Xxx #0000
Xxxxxxx, Xxxxxxx, Xxxxxx
X0X 0X0
The above addresses may be changed from time to time by either party by
providing written notice in the manner set forth above.
3 Amendment.
This agreement may be modified or amended, if in writing and signed by both
parties to this agreement.
4. Severability.
If any provision of this agreement is held to be invalid or unenforceable for
any reason, the remaining provisions will continue to be valid and enforceable.
If a court or other competent authority finds that any provision of this
agreement is invalid or unenforceable, but that by limiting the provision it
would become valid or enforceable, then the provision will be deemed to be
written, construed, and enforced as so limited.
5. Waiver.
The failure of either party to enforce any provision of this agreement will not
be construed as a waiver or limitation of that party's right to subsequently
enforce and compel strict compliance with every provision of this agreement.
6. Applicable Law.
This agreement will be governed by the laws of the Province of Ontario and the
applicable laws of Canada. The parties elect to be governed by the laws of the
Province of Ontario and attorn to the non-exclusive jurisdiction of the courts
of Ontario.
7. Construction.
It will be an irrefutable presumption that this agreement was co-drafted by the
parties hereof, and therefore this agreement will be construed without regard to
any presumption or other rule requiring construction against any party. The
parties hereto also acknowledge the ability and opportunity to have this
agreement reviewed by independent counsel of their own choosing prior to
signing.
8. Survival of Provisions
All provisions of this Agreement will survive the termination of the employment
of Xxxx hereunder except for those provisions which require provision of
services by Xxxx to the Companies or either of them or to their associates,
affiliates or subsidiaries.
9. Dollar Amounts
Unless otherwise stated herein, all dollar amounts refer to U.S. funds.
In witness whereof the parties have hereunto set their hands and seals this 1st
day of May, 1999.
Signed, Sealed and Delivered in the
presence of )
)
) Level Jump Financial Group, Inc.
)
)
) Per:
)
) ------------------------------
) Name: Xxxxxx Xxxxxx
) Office: Vice-President
) I have authority to bind the
) corporation.
)
) -------------------------------
) Xxxxx Xxxx
)
)
) xxxxxxxxxxxx.xxx inc.
)
) Per:
)
) ------------------------------
) Name: Xxxxxx Xxxxxx
) Office: Vice-President
) I have authority to bind the
) corporation.
