Exhibit 10.17
CONTRACT
This contract between Xx. Xxxxxx X. Xxxxxx ("Xxxxxx") and Fair, Xxxxx and
Company, Incorporated, is entered into in the light of the following facts:
1. Xxxxxx possesses knowledge and skills important to Fair, Xxxxx and
Company, Incorporated.
2. Fair, Xxxxx and Company, Incorporated, wishes to make use of this
knowledge and these skills by engaging Xxxxxx as a consultant from
time to time.
It is agreed between the parties as follows:
1. For general consulting services, Xxxxxx will be compensated at the
rate of One Hundred Dollars per hour.
2. For specific projects the consulting rate may be different, or a
fixed price for a completed project may be agreed upon.
3. Tasks will be undertaken at the request of the President of the
Company who may delegate the authority to request consulting services
from Xxxxxx in specific cases. Tasks will be undertaken only after a
task statement is produced, which shall be in the form of an
agreement, in writing, on the nature and scope of the task, as well
as the hourly rate or the fixed price, as the case may be. Task
statements are effective only if signed by Xxxxxx and the President
or the individual to whom authority has been delegated.
4. Invoices will be submitted quarterly, unless a different schedule is
agreed on in the task statement. These invoices shall be due and
payable on receipt by Fair, Xxxxx and Company, Inc.
5. The term of this agreement shall be six months.
6. This agreement shall go into effect as of January 1, 1995.
7. It is understood that this contract requires the approval of the
disinterested directors of the Company and that unless further
specifically approved by said Directors the amount to be paid to
Xxxxxx hereunder shall not exceed $50,000.
For Fair, Xxxxx and Company, Incorporated
Xxxxx X. Xxxxxxxxxxx Xxxxxx X. Xxxxxx
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Xxxxx X. Xxxxxxxxxxx, President Xxxxxx X. Xxxxxx
Date: May 31, 1995 Date: June 1, 1995
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CONTRACT
This contract between Xx. Xxxxxx X. Xxxxxx ("Xxxxxx") and Fair, Xxxxx and
Company, Incorporated, is entered into in the light of the following facts:
1. Xxxxxx possesses knowledge and skills important to Fair, Xxxxx and
Company, Incorporated.
2. Fair, Xxxxx and Company, Incorporated, wishes to make use of this
knowledge and these skills by engaging Xxxxxx as a consultant from
time to time.
It is agreed between the parties as follows:
1. For general consulting services, Xxxxxx will be compensated at the
rate of One Hundred Dollars per hour.
2. For specific projects the consulting rate may be different, or a
fixed price for a completed project may be agreed upon.
3. Tasks will be undertaken at the request of the President of the
Company who may delegate the authority to request consulting services
from Xxxxxx in specific cases. Tasks will be undertaken only after a
task statement is produced, which shall be in the form of an
agreement, in writing, on the nature and scope of the task, as well
as the hourly rate or the fixed price, as the case may be. Task
statements are effective only if signed by Xxxxxx and the President
or the individual to whom authority has been delegated.
4. Invoices will be submitted quarterly, unless a different schedule is
agreed on in the task statement. These invoices shall be due and
payable on receipt by Fair, Xxxxx and Company, Inc.
5. The term of this agreement shall be six months.
6. This agreement shall go into effect as of July 1, 1995.
7. It is understood that this contract requires the approval of the
disinterested directors of the Company and that unless further
specifically approved by said Directors the amount to be paid to
Xxxxxx hereunder shall not exceed $60,000.
For Fair, Xxxxx and Company, Incorporated
Xxxxx X. Xxxxxxxxxxx Xxxxxx X. Xxxxxx
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Xxxxx X. Xxxxxxxxxxx, President Xxxxxx X. Xxxxxx
Date: October 12, 1995 Date: October 12, 1995
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