EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxxx Xxxxxxx
February 22, 2000
STOCK OPTIONS: You will be given 49,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxx Xxxxxx
December 22, 2000
STOCK OPTIONS: You will be given 3,288 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxxx Xxxxxxx
January 17, 2000
STOCK OPTIONS: You will be given 13,995 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxxxxx Xxxxxxxxx
January 17, 2000
STOCK OPTIONS: You will be given 4,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxx Xxxxxxxx
February 2, 2000
STOCK OPTIONS: You will be given 1,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxx Xxxxxxxxxx
January 17, 2000
STOCK OPTIONS: You will be given 1,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxxxx Xxxxx
Xxxx 6, 2000
STOCK OPTIONS: You will be given 1,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxx Xxxxxxxxx
Xxxx Xxxxxxxxx
Snr VP Personnel
EMPLOYMENT AGREEMENT ADDENDUM:
Xx. Xxxxxxxx Xxxxx Xxxxxxx 5/31/00
Salary:
Effective today 05/31/00 your salary will be $1,250.00 per week
Stock Options:
You will be given 100 shares of each company's stock
1000 shares of ITECH
1000 shares of CILINE
1000 shares of XXXXXXX.XXX
1000 shares of ISHOP
TOTAL SHARES 4000.
These shares will be given to you as follows;
1/2 or 500 of each will be given to you after 6 months of
employment. Then, after one year the other half of the stocks will be
given to you.
Length of employment:
Xxxxx agrees that he will not leave Ishop for a term of one year. But
ishop has the right to dismiss Xx. Xxxxxxx at any time.
This is true
Xxxx Xxxxxx
COB
Xxxx Xxxxxxx
President
Xxxxxx Xxxxxxxx
D/CEO
Xxxxx Xxxxxxx
/s/ X.Xxxxx Xxxxxxx
EMPLOYEEMENT AGREEMENT ADDENDUM
Xxxx Xxxxxxxx
February 15, 2000
STOCK OPTIONS: You will be given 100,000 shares of xXxxxXxXxxxxx.xxx stock. One
half of these shares will be given to you after 6 months of employment. Then
after one year the remaining half will be given to you.
This is true.
/s/Xxxxxx Xxxxxxxx
Xxxxxx Xxxxxxxx
Chief Financial Officer
CONSENT MINUTES
BY THE DIRECTORS OF
XXXXXXXXXXXXX.XXX, INC.
September 17, 1999
The undersigned directors of xXxxxXxXxxxxx.xxx, Inc. (the
:Corporation"). Does hereby take, ratify, confirm and approve the following
actions:
RESOLVED, the Section 3.2 of the Bylaws hereby is amended to provide
that the number of directors shall be ten, and the following persons
are nominated as directors to fill the vacancies created by this
amendment to the Bylaws:
Xxxx Xxxxxxx Xxxx Xxxxxxxxx
Xxxx XxXxxxx Xxxxxx Xxxxx
Xxxxxxxx Xxxx Xxx Xxxxxx
RESOLVED, that each director nominee, upon acceptance of his
nomination to the Board by signing below, hereby is granted options
to purchase the number of shares of common stock set forth beside the
nominee's name, exercisable for ten years at a price of $.50 per
share, and the officers of the Corporation are authorized and
directed to prepare a stock option agreement for each nominee
evidencing such option grants:
Xxxx Xxxxxxx 150,000
Xxxx Xxxxxxx 150,000
Xxxxxxxx Xxxx 50,000
Xxxx Xxxxxxxxx 40,000
Xxxxxx Xxxxx 40,000
Xxx Xxxxxx 100,000
RESOLVED, that the option agreement for Xx. Xxxxxx shall also reflect
the agreement between the Company and him regarding additional
options to be earned by him for each branch office opened and
contacts established in foreign countries, with the exact terms of
such agreement to be negotiated between the Company and Xx. Xxxxxx.
RESOLVED, that the following persons hereby are elected to the
position set opposite their names, to hold office until their
successors have been duly elected and qualified:
NAME POSITION
---- --------
Xxxxxxx Xxxxxx Chairman, Secretary
Xxxxxx Xxxxxxxx Chief Executive Officer, Treasurer
Xxxx Xxxxxxx President
Xxxxxx Xxxxxxx Executive Establishment Officer
Xxxx Xxxxxxxxx Chief Information Officer
Xxxx XxXxxxx Chief Operating Officer
Xxxxxx Xxxxx Chef Technical Officer
Xxxxxxxx Xxxx Vice President - Online Promotions and Marketing
Xxx Xxxxxx Vice President - International Operations
Xxxxxx Xxxxxxxxx Vice President - Investor Relations
RESOLVED, that the officers of the Corporation are authorized and
directed to enter into employment agreements with Xxxxxxx Xxxxxx and
Xxxxxx Xxxxxxxx in substantially the form attached hereto, with such
changes as the President of the Corporation may deem advisable.
GENERAL AUTHORIZATION
---------------------
RESOLVED FURTHER, that the proper officers of the
Corporation are hereby authorized and directed to take all
such further action and to execute and deliver all such
instruments and documents in the name and on behalf of the
Corporation as in their judgement shall be necessary,
proper or advisable in order to fully carry out the intent
and to accomplish the purposes of the foregoing
resolutions.
2
IN WITNESS WHEREOF, the directors and shareholders of
xXxxxXxXxxxxx.xxx, Inc., have executed these Consent Minutes to be effective as
of the date first set forth above.
/S/ XXXXXXX XXXXXX_________
Xxxxxxx Xxxxxx
/S/ YOUSEF NEISSANI_________
Xxxxxx Xxxxxxxx
/S/ XXXXXX XXXXXXX__________
Xxxxxx Xxxxxxx
I hereby accept my nomination to the Board of Directors:
/S/ XXXX XXXXXXX
-------------------------------
Xxxx Xxxxxxx
/S/ XXXX XXXXXXXXX___________
Xxxx Xxxxxxxxx
/S/ XXXXX XXXX XXXXXXX_______
Xxxxx Xxxx XxXxxxx
/S/ XXXXXX XXXXX____________
Xxxxxx Xxxxx
/S/ BRADFORD HILL____________
Xxxxxxxx Xxxx
-------------------------
Xxx Xxxxxx
3
Amendement to "Key Employee Employment Agreement" 05/24/00
Xx. Xxxxxx X. Xxxxx is entitled to the following
Salary: $40,000 per year, $769.23 per week
Stock Option:
Ishop shares 1,500
C-1line 500
These shares will be given to Xx. Xxxxx as follows
After 6 months of full time employment, 750 shares of Ishop and 250 shares of
C-1line will be given; the remaining shares of both ishop and C1line will be
given to Xx. Xxxxx after 1 full year of full time employment.
Vacation:
1 week after 1 full year
2 weeks after 2 full years
3 weeks after 3 full years
10 Holidays are also given to Xx. Xxxxx.
Medical:
XX. Xxxxx will be eligible for company medical plan once company has one.
/s/ Xxxxxx X. Xxxxx
X/s/______________________________
Personnel Control Manager
EMPLOYMENT AGREEMENT
Xx. Xxxx X. Xxxxxxxxx
May 8th , 2000
SALARY:
$1,200 per week. Start date March 2000.
Review after 3 months of fulltime employment based on statistics.
Review will utilize Cost of Living Index (increase can be greater
that, equal to but never less than CPI).
STOCK OPTIONS:
Fully vested after 3 months of fulltime employment (AUG 2000).
At time of employment to receive 20,000 shares of Ishopnomarkup. At
NO COST to Xx. Xxxxxxxxx
VACATION / PERSONAL/ SICK DAYS:
Agrees to follow company plan
Bonus:
Based on performance. Agrees to follow company plan.
Termination:
Any vacation time earned, but not taken will be paid to Mr. Xxxxxxxxx
Any time / money owed to the company by Xx. Xxxxxxxxx will be taken
out of his last pay check.
This is true.
Xxxx Xxxxxxxxx
Senior VP. Personnel
Xxxxxxx Xxxxxx
COB / CEO
AGREEMENT
Agreement dated 12 August, 1999, is among and between
xXxxxXxXxxxxx.xxx, Inc., having a place of business at 000 Xxxx Xxxxxx, Xxxx
Xxxxxxxxxx XX 00000 (Xxxxx "iShop" or "Company") and XXXX XXXX, having a place
of business at 00 X XXXXXX XXXXXX XXXXXXXXX , XX, 00000 (Herein "XXXX XXXX").
WHEREAS. iShop is in the process of developing an Internet Mall
and requires assistance in developing it's concepts and Internet related
projects, and
WHEREAS, XXXX XXXX is desirous of working with iShop to develop
iShop's concepts and provides assistance to iShop and be responsible for certain
aspects of iShop's duties and responsibilites as determined by the Board of
Directors of iShop (BOD), and ___________accepts such responsibilities as
determined by the BOD of iShop.
NOW THEREFORE, in consideration of mutual promises, covenants,
undertakings, terms and conditions, and other good and valuable consideration,
as contained herein, iShop and XXXX XXXX, (Herein "The Parties") agree as
follows:
XXXX XXXX shall be responsible for duties and obligations
assigned to XXXX XXXX by he BOD, and
XXXX XXXX shall serve as DIRECTOR (Herein "Director") of
iShop, and advise the Board of Directors of iShop of the
best approaches in executing the Company's plans, concepts
and projects, and
XXXX XXXX shall coordinate his activities with other
entities referred to XXXX XXXX by the Company in developing
the concepts of the Company, and executing the Company's
plans, and
iShop shall issue options to XXXX XXXX to purchase 50,000
shares of iShop's non-voting common stock excersisable at $0.50
per share. Provided that all duties and responsibilities by XXXX
XXXX have been met during the "Term:" the Options would be
considered fully earned and can be exercised pursuant to options
agreement.
XXXX XXXX has accepted the position of VP. ONLINE
PROMO/MARKETING and XXXX XXXX will make himself available for
presentations, meetings, analysis, research, development and
field work as required by the Board of Directors of the Company.
The duties and performance criteria are to be (SEE EXHIBIT A)
--------------------------------------------------------------------------------
The Stocks issued to XXXX XXXX are subject to whatever
uniform restrictions are required by law. These are the
same restrictions that the Officers of the Company are
subject to.
XXXX XXXX shall keep all information about the Company and
it's contacts, methods of operation and business concepts
confidential, and shall not divulge this information to any
other parties, without express written permission of the
Company.
XXXX XXXX shall not engage in practices directly and explicitly
competitive to xXxxxXxXxxxxx.xxx's Internet commerce venture. Specifically, Xxxx
Xxxx shall not accept an executive or directorial position with an
Internet-only, dedicated e-commerce company that sells material product online.
This non-competitive agreement does not apply to Internet companies that fail to
compete directly with xXxxxXxXxxxxx.xxx's specific broad-based e-commerce
mission at the time of this Agreement. Non-applicable companies include but are
not limited to:
- General-purpose Web portals and online media companies (Example: C-Net;
Lycos)
- Vertical information Web portals that may derive some revenue from
product transaction and/or advertising (Examples: Xxxxxx.xxx,
Xxxxxx.xxx) Subscriptions and Internet Companies (Example: Wall street
Journal Information; XxxXxxxxx.xxx)
- Internet companies whose revenue models include advertising but not
product transaction (Example: CBS Marketwatch; NY Times on the Web)
- Content aggregators which do not directly complete product transactions
(Examples: Yahoo!, Xxxxxxxx.xxx, XxxxxXxxx.xxx)
- Internet companies which transact purchases of data content
unassociated with a physical product, including but not limited to a)
digital music files and b) electronic literature files (Examples:
XX0.xxx; Xxxxxxxx.xxx)
Term- The Term of this Agreement shall commence on the
first day above written and continue in force until one
year after the Company goes public. This "Term" can become
extended for annual periods pursuant to re-election by the
"Board". This "Term" can become exited at any time by
either XXXX XXXX or "Copamany" with a 30-day written notice
addressed in other party accompanied with explanation for
disengagement.
This agreement may be replaced by incorporating similar
provisions into the shareholder" agreement of a more
complete agreement at a later date with consent of the
Board of Directors and XXXX XXXX.
1
The Company shall assist XXXX XXXX with resources
reasonably available to the Company at the discretion of
the Board of Directors of the Company.
This Agreement is subject to New York Law.
XXXX XXXX shall not make any representations to any third
parties on behalf of the Company without express approval
and written permission of the Company.
In case of non-fulfillment of duties all privileges granted
under this Agreement are terminated, and any Stock issued
in good faith and stock options are invalid immediately and
shall be returned to the Company.
Xxxx Xxxx agrees not to circumvent the Company in any way
and not to assist or work with any and all competing
companies and entities, as defined in paragraph 8 of this
Agreement, during or after the termination of this
Agreement for the period of 1 year.
IN WITNESS WHEREOF, the parties have executed this
Agreement as of the first day written above:
xXxxxXxXxxxxx.xxx, Inc.
By:X /S/ XXXXXX XXXXXXXX
---------------------
Xxxxxx Xxxxxxxx - CEO
Name:/S/ XXXX XXXX
---------------------
X: XXXX XXXX
Exhibit A
Of AGREEMENT between Xxxx Xxxx and xXxxxXxXXxxxx.xxx, Inc.
Directorship Partcipation in xXxxxXxXxxxxx.xxx, Inc.
The agreement between Xxxx Xxxx and the executive officers of iShopNoMarkup Inc.
leverages Xxxx Xxxx'x experience with virtual destination design, the dynamics
of online community. Internet business models, WWW traffic consolidation, and
visitor attraction and retention. In addition, iShopNoMarkup has access to Xxxx
Xxxx'x name, background, and industry profile for use in company descriptive
literature and promotional media.
For the duration of the directorship, Xxxx Xxxx is expected to deliver timely,
responsive, and relevant consulting in several areas, including but not limited
to:
- site organization
- trademark symbols, logo designs, domain names, and other
public-recognition elements
- on-screen environment and coherence
- promotional and advertising strategies
- customer attraction and retention
- media representation
- site interactivity and community
- personnel networking
- online staff recruitment for editorial and community portions
Xxxx Xxxx will remain accessible to the company's executive officers, other
board members, and leading design and programming personnel via e-mail,
telephone, fax, and in-person appointments within normal considerations Imposed
by travel schedules and multiple commitments. Further, Xxxx Xxxx will remain
available for conference calls and in-house meetings at reasonable intervals, as
determined in good faith by evolving circumstances. It is understood and agreed
that travel may be required from time to time, with arrangements to be
negotiated in good faith as circumstances dictate.
It is understood and agreed that Xxxx Xxxx'x contributions to
xXxxxXxXxxxxx.xxx's development, site rollout, and ongoing evolution will be
disassociated from back-end technical work, including but not limited to:
- coding HTML
- programming CGI, XML, ASP and other elements
- hands-on graphic design
- server maintenance
- general Webmastering and site upkeep
- in stalling or implementing all server-side programming
In Summary, Xxxx Xxxx'x role in iShopNoMarkup's Internet presence is that of an
expert consultant in all areas that affect end-user perception of, and response
to, the online product.
AGREEMENT
Agreement effective 17TH day of SEPTEMBER, 1999, is among and between
xXxxxXxXxxxxx.xxx, Inc., having a place of business at 000 Xxxx Xxxxxx, Xxxx
Xxxxxxxxxx XX 00000 (Herein :iShop" or "Company") and XXXX XXXXXXX having a
place of residence at 00 XXXXXXXX XXX, XXXXXXXXXX, XX 00000 (Herein"XXXX
XXXXXXX)
WHEREAS. iShop is in the process of developing an Internet Mall and
requires assistance in developing it's concepts and Internet related projects,
and
WHEREAS, XXXX XXXXXXX is desirous of working with iShop to develop
iShop's concepts and provides assistance to iShop and be responsible for certain
aspects of iShop's duties and responsibilities as determined by the Board of
Directors of iShop (BOD), and _XXXX XXXXXXX accepts such responsibilities as
determined by the BOD of iShop.
NOW THEREFORE, in consideration of mutual promises, covenants,
undertakings, terms and conditions, and other good and valuable consideration,
as contained herein, iShop and XXXX XXXXXXX, (Herein "The Parties") agree as
follows:
1. XXXX XXXXXXX shall be responsible for duties and
obligations assigned to XXXX XXXXXXX by he BOD, and
2 XXXX XXXXXXX shall serve as PRESIDENT (Herein "President")
of iShop, and advise the Board of Directors of iShop of the
best approaches in executing the Company's plans, concepts
and projects, and
3. XXXX XXXXXXX shall coordinate his activities with other
entities referred to XXXX XXXXXXX by the Company in
developing the concepts of the Company, and executing the
Company's plans, and
4. iShop shall issue options to XXXX XXXXXXXX to purchase
150,000 shares of iShop's non-voting common stock
excersisable at $0.50 (Fifty Cents) per share.
5 At a minimum, XXXX XXXXXXX will make himself available for
presentations, meetings, analysis, research, development
and field work as required by the Board of Directors of the
Company. XXXX XXXXXXX shall be paid a salary of $ NONE per
week for his time on post.
(organization, coordination, referrals,consulting.)
-------------------------------------------------------------------------------
6. The Stocks issued to XXXX XXXXXXX are subject to whatever
uniform restrictions as required by law. These are the same
restrictions that the Officers of the Company are subject
to.
7. XXXX XXXXXXX shall keep all information about the Company
and it's contacts, methods of operation and business
concepts confidential, and shall not divulge this
information to any other parties, without express written
permission of the Company.
8. XXXX XXXXXXX shall not engage in any projects that are
similar or in competition with the company.
9 Term- The Term of this Agreement shall commence on the
first day above written and continue in force until one
year after the Company goes public..
10. This agreement may be replaced by incorporating similar
provisions into the shareholder" agreement of a more
complete agreement at a later date with consent of the
Board of Directors and XXXX XXXXXXX.
11. The Company shall assist XXXX XXXXXXX with resources
reasonably available to the Company at the discretion of
the Board of Directors of the Company.
12. This Agreement is subject to New York Law.
13. XXXX XXXXXXX shall not make any representations to any
third parties on behalf of the Company without express
approval and written permission of the Company.
14. Xxxx Xxxxxxx shall operate at the Company headquarters
located at 000 Xxxx Xxxxxx, Xxxx Xxxxxxxxxx, XX, 00000 or
at other locations.
15. In case of non-fulfillment of duties all privileges granted
under this Agreement are terminated, and any Stock issued
in good faith and stock options are invalid immediately and
shall be returned to the Company. If XXXX XXXXXXX
terminates, Company keeps options. If company terminates,
XXXX XXXXXXX will keep stock options.
16. XXXX XXXXXXX agrees not to circumvent the Company in any
way and not to assist or work with any and all competing
companies and entities during or after the termination of
this Agreement.
IN WITNESS WHEREOF, the parties have executed this
Agreement as of the first day written above:
xXxxxXxXxxxxx.xxx, Inc.
By:X /S/ XXXXXXX XXXXXX
-----------------------------------
Xxxxxxx Xxxxxx - Chairman
Name: XXXX XXXXXXX
-----------------------------------
X: /S/ XXXX XXXXXXXX
-----------------------------------
AGREEMENT
Agreement effective 14 TH day of SEPTEMBER, 1999, is among and
between xXxxxXxXxxxxx.xxx, Inc., having a place of business at 000 Xxxx Xxxxxx,
Xxxx Xxxxxxxxxx XX 00000 (Herein :iShop" or "Company") and XXXXX XXXX XXXXXXX
having a place of residence at 00 XXXXXXXX XX, XXXX XXXXXXXXXX, XX, 00000
(Herein "Nick")
WHEREAS. iShop is in the process of developing an Internet Mall and
requires assistance in developing it's concepts and Internet related projects,
and
WHEREAS, XXXX XXXXXXX is desirous of working with iShop to develop
iShop's concepts and provides assistance to iShop and be responsible for certain
aspects of iShop's duties and responsibilities as determined by the Board of
Directors of iShop (BOD), and _NICK XXXXXXX accepts such responsibilities as
determined by the BOD of iShop.
NOW THEREFORE, in consideration of mutual promises, covenants,
undertakings, terms and conditions, and other good and valuable consideration,
as contained herein, iShop and XXXX XXXXXXX, (Herein "The Parties") agree as
follows:
1. XXXX XXXXXXX shall be responsible for duties and obligations
assigned to XXXX XXXXXXX by he BOD, and
2 XXXX XXXXXXX shall serve as CHIEF OPERATING OFFICER (Herein
"COO") of iShop, and advise the Board of Directors of iShop of
the best approaches in executing the Company's plans, concepts
and projects, and
3. XXXX XXXXXXX shall coordinate his activities with other entities
referred to XXXX XXXXXXX by the Company in developing the
concepts of the Company, and executing the Company's plans, and
4. iShop shall issue options to XXXX XXXXXXX to purchase 150,000
shares of iShop's non-voting common stock excersisable at $0.50
per share.
5 At a minimum, XXXX XXXXXXX will be on post from _____am to 15 -
20 HOURS pm on weekdays, and XXXX XXXXXXX will make himself
available for presentations, meetings, analysis, research,
development and field work as required by the Board of Directors
of the Company. XXXX XXXXXXX Xxxxx be paid a salary of $ NONE per
week for his time on post.
6. The Stocks issued to XXXX XXXXXXX are subject to whatever uniform
restrictions as required by law. These are the same restrictions
that the Officers of the Company are subject to.
7. XXXX XXXXXXX shall keep all information about the Company and
it's contacts, methods of operation and business concepts
confidential, and shall not divulge this information to any other
parties, without express written permission of the Company.
8. XXXX XXXXXXX shall not engage in any projects that are similar or
in competition with the company.
9 Term- The Term of this Agreement shall commence on the first day
above written and continue in force until one year after the
Company goes public..
10. This agreement may be replaced by incorporating similar
provisions into the shareholder" agreement of a more complete
agreement at a later date with consent of the Board of Directors
and XXXX XXXXXXX.
11. The Company shall assist XXXX XXXXXXX with resources reasonably
available to the Company at the discretion of the Board of
Directors of the Company.
12. This Agreement is subject to New York Law.
13. XXXX XXXXXXX shall not make any representations to any third
parties on behalf of the Company without express approval and
written permission of the Company.
16. XXXX XXXXXXX shall operate at the Company headquarters located at
000 Xxxx Xxxxxx, Xxxx Xxxxxxxxxx, XX, 00000.
17. In case of non-fulfillment of duties all privileges granted under
this Agreement are terminated, and any Stock issued in good faith
and stock options are invalid immediately and shall be returned
to the Company. (Notice will be issued for corrective measures
prior to any termination.) This would allow time for correction,
at the discretion of the board and XXXX XXXXXXX.
16. XXXX XXXXXXX agrees not to circumvent the Company in any way and
not to assist or work with any and all competing companies and
entities during or after the termination of this Agreement.
* This would alalow time for correction, at the discretion of the Board and
"Nick".
IN WITNESS WHEREOF, the parties have executed this
Agreement as of the first day written above:
xXxxxXxXxxxxx.xxx, Inc.
By:X /S/ XXXXXXX XXXXXX
-----------------------------
Xxxxxxx Xxxxxx - Chairman
Name: XXXXX XXXX XXXXXXX
-----------------------------
X: /S/XXXXX XXXX XXXXXXX
-----------------------------
ISHOPNOMARKUP
EMPLOYMENT AGREEMENT 05/17/00
Xxxxxxx Xxxxxx.
SALARY:
------
STOCK OPTION:
------------
After 1 year of full time employment, Xxxxxxx will have the option to purchase
5000 Ishop shares at a cost of 50 cents per share.
LENGTH OF CONTRACT:
------------------
If for any reason Xxxxxxx leaves or is dismissed before her contract is up, she
will repay Ishop all monies paid by Ishop to any schools, courses etc, she has
taken.
TERMINATION OF CONTRACT:
-----------------------
If for any reason, Xxxxxxx leaves or is dismissed before her contract is up, she
will repay Ishop all monies paid by Ishop to any schools, courses, etc. she has
taken.
BENEFITS:
---------
Giselle will follow all company policy concerning vacation, sick, holiday and
personal days off any other benefits Ishop may implement ion the future.
Vacation days are earned. If Xxxxxxx leaves the company for any reason, and has
vacation days earned and not taken, Xxxxx will reimburse for those days. If
Xxxxxxx has taken days off that she didn't earn she will reimburse Ishop.
This is so. Xxxxxxx Xxxxxx
Xxxx X. Xxxxxxxxx
Senior VP. Personnel
Xxxx Xxxxxx
Chairman of the Board
EMPLOYMENT AGREEMENT
Xx. Xxxxx Xxxxxxx
May 8th, 2000
SALARY
$36,000 per year. Start date May 2000.
Review after 3 months of fulltime employment based on statistics.
Review will utilize Cost of Living Index ( increase can be greater
than, equal to but never less than CPI).
STOCK OPTION:
Fully vested after 3 months of fulltime employment (AUG 2000).
At that time will have option to purchase One thousand five hundred
(1,500) shares of IshopNoMarkup. At a cost of $.0.50 cents a share.
VACATION / PERSONAL / SICK DAYS:
Agrees to follow company plan
Bonus:
Based on performance. Agrees to follow company plan.
Termination:
Any Vacation time earned, but not taken will be paid to Xx. Xxxxxxx.
Any time / money owed to the company by Xx. Xxxxxxx will be
taken out of his last pay check.
This is so.
Xxxx Xxxxxxxxx
Senior VP. Personnel
Xxxxxxx Xxxxxx
COB / CEO
