Exhibit 10
Franchise Capital Corporation
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December 21, 2005
Name: Xxx Xxxxx
Re: Employment Agreement with Franchise Capital Corporation
1. DUTIES: Employer is to employ, engage, and hire Employee as President,
Chief Operations Officer and Director.
Employee's duties shall be in accordance with attached job
description.
2. DURATION OF EMPLOYMENT: Effective date of December 15, 2005 until
December 15, 2006. This Agreement may only be terminated prior to that
time for cause, defined as Employee's gross negligence or fraud.
3. SALARY: $120,000 annually beginning.
4. VACATION: (3) Three weeks after first year, (4) weeks there after
5. CELLULAR PHONE: Reimbursed in full on a per month bases
6. STOCK: Stock options will be granted upon Board approval:
7. BONUS: The following schedule outlines the percentage Employee shall
receive from sale of each concept owned and operated by Franchise
Capital Corporation for both Franchise Fee and Royalty Fee Income:
a. One Half (.005) of one percent per year of Franchise Fee Income.
b. One (.01) percent per year of Royalty Fee Income.
* Bonus is contingent upon profitability of the Corporation
8. HEALTH/DENTAL/LIFE INSURANCE: As per company policy.
9. TRAVEL & BUSINESS EXPENSE: As per company policy.
If the terms of this letter are agreeable please sign and return both copies. We
will sign and return one copy to you for your files.
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Xxxxxx X. Xxxxxxx Accepted: Xxx Xxxxx
Chief Executive Officer
Franchise Capital Corporation Dated_____________________________
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0000 X. Xxx Xx Xxxxxxx, Xxx X000, Xxxxxxxxxx, XX 00000
Phone (000) 000-0000
Fax (000) 000-0000
Franchise Capital Corporation
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Title: PRESIDENT, CHIEF OPERATIONS OFFICER AND DIRECTOR
Reports to: Chairman of the Board of Directors
December 21, 2005
Major Responsibilities;
Provide such services that are customary to the position of President,
Chief Operations Officer and Director of a public company such as in
restaurant development or similar companies.
Provide such services and advice to the Company so as to advise the Company
in the execution of both the strategic planning process and the individual
concepts business plans, including business development and corporate image
in the public market.
Lead and contribute in the process of developing and evaluating potential
acquisitions and/or business dealings based on established criteria in
terms of strategic fit and financial returns.
Oversee various concepts' management in terms of operating objectives/goals
and adherence to established standards. Included but not limited to
personnel, evaluations, compensation and performance reviews.
Develops appropriate policies and procedures to ensure that systems
operations are provided with maximum support, assistance and tools to
operate their restaurants in a successful manner. This includes both
franchise and corporate operating units.
Responsible for all profit functions of the Company business and all
related financial, administrative, marketing and operating systems.
Implement and executes standards of operations and training that delivers
total customer value.
Completes, on an on-going basis, an analysis and audit of all operating
systems/procedures/practices and recommends ideas and improvements to
maximize systems efficiencies and profitability.
Manage the human resources element of subordinates in such a manner as to
maximize performance in all aspects of their job performance.
Complete other such duties that may from time to time be assigned by the
Board of Directors.
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0000 X. Xxx Xx Xxxxxxx, Xxx X000, Xxxxxxxxxx, XX 00000
Phone (000) 000-0000
Fax (000) 000-0000
Franchise Capital Corporation
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Knowledge, Skills and Abilities;
* Complete knowledge of all restaurant operating systems.
* Complete knowledge of restaurant operating systems, administrative
management and financial systems
* Great interpersonal and motivational skills.
* Ability to communicate clearly and lead through example.
* Ability to establish priorities, work independently and complete
assignments without supervision.
Credentials and Experience;
* Bachelors degree or higher in General Business and/or Restaurant
Management.
* Ten (10) years industry/business experience
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0000 X. Xxx Xx Xxxxxxx, Xxx X000, Xxxxxxxxxx, XX 00000
Phone (000) 000-0000
Fax (000) 000-0000
