Employment Agreement
January 3, 2005
This Employment Agreement between The Jenex Corporation and Xxxxxx X. Xxxxxx is effective for a two (2) year period beginning January 1, 2005 and ending December 31, 2006. Xx. Xxxxxx will serve as Vice President and CFO of the Corporation. Xx. Xxxxxx’x duties and responsibilities will be at the direction of the President and include but not limited to manufacturing operations and ISO Quality Systems.
Xx. Xxxxxx’x compensation for the two-year period will be as follows:
January 1, 2005 through December 31, 2006
$12,000.00USD/month
During this two-year contractual period the President and/or Board of Directors may attach an addendum to this agreement establishing Incentive Bonuses for completion of specific tasks.
Xx. Xxxxxx will be provided with a Company vehicle (lease payment limited to $800.00USD per month) and an expense account to cover all expenses necessary to carry out his duties. The Corporation will provide medical insurance coverage and cover medical expenses incurred up to $8,000.00 USD per year as a fringe benefit..
This Agreement is binding on the Corporation and any successor Corporation that may arise through merger, acquisition, or any other type of corporate restructuring.
Signed:
The Jenex Corporation
Xxxxxx X. Xxxxxx
__________________________
________________________
Director
__________________________
Director
Date:
January 3, 2004
000 Xxxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxx X0X 0X0 Xxxxxx
Telephone: 000-000-0000 Fax: 000-000-0000 Email: xxxxx@xxxxxx.xx
