1
EXHIBIT 10.1
EMPLOYMENT AGREEMENT
This Employment Agreement is entered into this 15th day of December,
1998, by and between Great Xpectations Marketing, Inc., a Nevada corporation ("
Employer") and Xxxxxxx X. Xxxxxx ("Employee") under the terms and for
consideration herein stated.
Employer hereby employs and Employee hereby agrees to become employed
under the terms stated herein by Employer as its President for a period of one
year beginning with the effective date of the Registration Statement referred to
below.
Employer hereby agrees to include Employee under its Stock Bonus Plan
whereby Employee will receive as his sole compensation as an employee the sum of
225,000 shares of the Company's Common Stock (restricted under Rule 144).
Employee agrees to provide such services as are customary and normal in
the capacity of President of Employer and shall use his best efforts to further
of the Company's business of direct sales and marketing of products.
Nothing herein shall be deemed to preclude Employee from engaging in
other employment with other entities so long as Employee performs his necessary
job functions, it being understood between Employer and Employee that Employee
will exercise such discretion as he deems advisable in resolving any conflicts
that may arise.
Employee shall be entitled to reimbursement for the expenses he incurs
in connection with the performance of his duties hereunder.
This Agreement shall be interpreted by and construed in accordance with
the laws of the State Texas, and shall be deemed entered into in Irving, Texas.
EXECUTED this 15th day December, 1998.
EMPLOYER:
GREAT XPECTATIONS MARKETING, INC.,
a Nevada corporation
By: /s/ XXXXXXX X. XXXXXX
-------------------------------
Xxxxxxx X. Xxxxxx, Vice President
EMPLOYMENT AGREEMENT - Page 1
GX-Xxxxxx Emp Agrmt (GX Spin-Off)
2
EMPLOYEE:
/s/ XXXXXXX X. XXXXXX
------------------------------------------
XXXXXXX X. XXXXXX
EMPLOYMENT AGREEMENT - Page 2
GX-Xxxxxx Emp Agrmt (GX Spin-Off)
