EMPLOYMENT AGREEMENT
Employment Agreement (the "Agreement"), between XXXXXxxxxxxx.xxx, Inc.
(Division: LawXpressUSA) (the "Company") and Xxxxx Xxxxxxxxx (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 June 5, 2000.
3. Salary. The Company shall pay Employee a salary of $70,000.00 per year, for
the services of the Employee, payable at regular payroll periods. Employee's
compensation package will also include: health insurance benefits package
including prescription plan, disability insurance, and all Employee Incentive
Plan with stock options, to be determined and agreed upon in writing by and
between the parties as part of this Agreement, and attached hereto as Addendum
A.
4. Duties and Position. The Company hires the Employee in the capacity of
General Counsel. The Employee's duties may be reasonably modified at the
Company's discretion from time to time.
5. Confidentiality or Proprietary Information. Employee agrees, during, or after
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 all
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. However, this provision does not preclude the Employee from obtaining
other employment with a similar or related business entity upon termination of
this Agreement.
6. Reimbursement of Expenses. The Employee may incur reasonable expenses
furthering the Company's business, including expenses for entertainment, travel,
and similar items. The Company shall reimburse for all business expenses after
the Employee presents an itemized account of expenditures, pursuant to Company
policy, including, but not limited to, Attorney Registration dues of $300.00
(biennial) and expenses for mandatory continuing legal education program for
attorneys in State of New York.
7. Vacation. The Employee shall be entitled to a yearly vacation of 3 weeks at
full pay.
8. Disability. If Employee cannot perform the duties because of illness or
incapacity for a period of 30 days, the compensation otherwise due during said
illness or incapacity will be reduced by an amount to be agreed upon and as
provided by the Company's policies in effect from time to time. The Employee's
full compensation will be reinstated upon return to work.
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9. Termination of Agreement. This Agreement shall be binding and in effect for
one year. However, thereafter, without cause, the Company may terminate this
Agreement at any time upon 14 days written notice to Employee. If the Company
requests, the Employee will continue to perform her duties and may be paid her
regular salary up to the date of termination. Without cause, the Employee may
terminate employment upon 14 days written notice to the Company. Employee may be
required to perform his or her duties and will be paid the regular salary to
date of termination but shall not receive severance allowance.
10. Death Benefit. Should Employee die during the term of employment the Company
shall pay to Employee's estate any compensation due through the end of the month
in which death occurred.
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. Effect or Prior Agreements. This Agreement supersedes any prior agreement
between the Company or any predecessor of the Company and the Employee, except
that this Agreement shall not affect or operate to reduce any benefit or
compensation inuring to the Employee of a kind elsewhere provided and not
expressly provided in this Agreement.
13. Settlement by Arbitration. Any claim or controversy that arises out of or
relates to this Agreement, or the breach of it, shall be settled by arbitration
in accordance with the rules of the American Arbitration Association. Judgment
upon the award rendered may be entered in any court with Jurisdiction.
14. Limited Effect of Waiver by Company. Should Company waive breach of any
provision of this Agreement by the Employee, that waiver will not operate or be
construed as a waiver of further breach by the Employee.
15. Severability. If, for any reason, any provision of this Agreement is held
invalid, all other provisions of this Agreement shall remain in effect. If this
Agreement is held invalid or cannot be enforced, then to the full extent
permitted by law any prior agreement between the Company (or any predecessor
thereof) and the Employee shall be deemed reinstated as if this Agreement had
not been executed.
16. Assumption of Agreement by Company's Successors and Assignees The Company's
rights and obligations under tills Agreement will Inure to the benefit and be
binding upon the Company's successors and assignees.
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17. 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.
18. This Agreement may be executed in counterparts.
Signed this 10th day of May, 2000.
/S/ XXXXX XXXXXXXXX
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Xxxxx Xxxxxxxxx
/S/ XXX XXXXX
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Xxx Xxxxx On behalf of XXXXXxxxxxx.xxx, Inc.
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