EMPLOYMENT AGREEMENT
EXHIBIT
10.8
Employment
Agreement, between WECOSIGN
Inc (the "Company") and Xxxxx Xxxxxxxxxx (the "Employee").
1. For good
consideration, the Company employs the Employee on the following terms and
conditions.
2. Term of Employment. Subject to the provisions for
termination set forth below this agreement will begin on May lst , 2009.
3. Salary. The Company shall pay Employee a salary
of $ 13,
900.00 per month, for the
services of the Employee, payable at regular payroll periods. Payroll Periods are the lst and the
15th of each
month
4. Duties and Position. the Company hires the Employee in the
capacity of C.E.O and Chairman.The Employee's duties may be reasonably modified by the Company's
board of directors from time to time.
5. Employee to Devote Full Time to Company.
the Employee will devote
full time, attention, and energies to the business of the Company, and, during
this employment, will not engage in any other business activity, regardless of
whether such activity is pursued for profit, gain, or other
pecuniary advantage. Employee is not prohibited from making personal investments
in any other businesses
provided those investments do not require active involvement in the operation of
said companies.
6. Confidentiality of Proprietary Information.
Employee agrees, during or
after the term of this employment, not to reveal confidential information, or trade
secrets to any person, firm, corporation, or entity. Should Employee reveal or
threaten to reveal this
information, the Company shall be entitled to an injunction restraining the
Employee from disclosing same, or from rendering any services to any entity to
whom said information has been or is threatened to be disclosed, the right to
secure an injunction is
not exclusive, and the Company may pursue any other remedies it has against the
Employee for a breach or threatened breach of this condition,
including the recovery of damages from the Employee.
7. Reimbursement of Expenses. The Employee may incur reasonable
expenses for furthering the Company's business, including expenses for entertainment, travel, and
similar items. The Company shall reimburse Employee for all business expenses
after the Employee
presents an itemized account of expenditures, pursuant to Company
policy.
8. Vacation. The Employee shall be entitled to a
yearly vacation of TWO weeks at full pay, per year.
9. Termination of Employment and Agreement.
Without cause or reason
the Company may terminate this agreement and the employee at any time, for any reason,
upon one day's written notice without financial penalty, or
consequences.
10. Restriction on Post Employment Compensation.
For a period of one year
after the end of employment, the Employee shall not control, consult to or be employed
by any business similar to that conducted by the company, either by soliciting
any of its accounts or by operating within Employer's general trading
area.
11. Assistance in Litigation. Employee shall upon reasonable notice,
furnish such information and proper assistance to the Company as it may
reasonably require in connection with any litigation in which it is, or may
become, a party either during or after employment.
12. Oral Modifications
Not Binding. This instrument is the entire agreement of the Company and
the Employee. Oral changes have no effect. It may be altered only by a written
agreement signed by the party against whom enforcement of any waiver, change,
modification, extension, or discharge is sought.
Signed this 1st day
of May
2009
