EMPLOYMENT AGREEMENT
This Employment Agreement ("Agreement") made and entered into as of July
28, 1999, by and between 21st CENTURY TECHNOLOGIES, INC., a Nevada corporation
(the "Company" ) and XXXX SPRING ("Spring") for and in consideration of the
mutual promises herein contained and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:
1. DUTIES. During the term of this Agreement, Spring will be
responsible for marketing and product development of Trident Technologies Inc.
("Trident") as its President.
2. TERM. The term of this Agreement shall be for a term of One (1) year
commencing as the date first written above and renewable after the end of
every year.
3. COMPENSATION.
(a) The Company will pay Spring a base salary of $65,000 per year
paid weekly subject to all applicable federal and state
withholding taxes and other requirements.
(b) The Company will pay Spring a three percent (3%) sales commission
on goods sold by him payable at the time of receipt of payment by
the Company in the following, increments: 1.5% in cash and 1.5%
in stock.
(c) The Company will issue to Spring 600,000 warrants @.10 per share.
4. EMPLOYEE BENEFITS.
The Company will provide Spring with such employee benefits, including but
not limited to, dental and medical, as it provides to members of its Board of
Directors.
5. TERMINATION. Tile Company may terminate Spring for "Cause" (as
hereinafter defined). The term "Cause" as used herein, shall mean a material
breach of this Agreement by Spring, an act of fraud, dishonesty or willful
conduct detrimental to the Company. Upon termination, the Company's
obligation to Spring shall cease. However, Spring will be bound by the terms
of a Confidentiality and Non-Disclosure Agreement which must be entered into
by him as a condition of employment herein.
6. NOTICES. Any notices hereunder shall be made by certified first
class mail with return receipt requested to the Company at its corporate
headquarter address and to Spring at his residence.
7. MISCELLANEOUS. If any part of this Agreement is deemed to be
invalid than the remaining parts of this Agreement shall survive as if the
invalid provision did not exist.
8. LAW. This Agreement shall be construed in accordance with the laws of
the State of Texas.
9. MODIFICATION. This Agreement may not be modified except in writing
signed by all of the parties.
10. COMPLETE AGREEMENT. This Agreement is the complete agreement of the
parties and supercedes and replaces any and all oral and/or written
understandings of the parties if any.
ACCEPTED AND AGREED TO: ACCEPTED AND AGREED TO:
21st Century Technologies, Inc. Xxxx Spring
BY:/s/Xxxxxxxx Xxxxxx BY:/s/Xxxx Spring
Xxxxxxxx Xxxxxx, President
DATED: July 28,1999 DATED: July 28, 1999
