EXHIBIT 99.2
[BJO ENTERPRISES, LTD. LETTERHEAD]
EMPLOYMENT CONTRACT
This Employment Contract ("this Contract") is made effective September 25,
1997 by, and between BJO ENTERPRISES, LTD ("the Employer"), of 0000 XXXXX
XXXXXX XX, XXXXX 0000, XXXXXX XXXX, XXXXXX 00000, and XXXXXXXX XXXXXXX XXXXXX
("Employee"), of 00000 XXXXXXXX XX, XXX XXXXXXX, XXXXX 00000.
A. Employee is engaged in the business of SPORTS, ENTERTAINMENT, MEDICAL
RESEARCH, CLOTHING and TRANSPORTATION.
B. Employer desires to have the services of the Employee.
C. Employee is willing to be employed by Employer.
Therefore, the parties agree as follows:
1. EMPLOYMENT. Employer shall employ Employee as CHIEF EXECUTIVE OFFICER AND
PRESIDENT. Employee accepts and agrees to such employment. Employee shall
perform such duties as are customarily performed by an employee in these
positions.
2. BEST EFFORTS OF EMPLOYEE. Employee agrees to perform faithfully,
industriously, and to the best of Employee's ability, experience, and talents,
all of the duties that may be required by the express and implicit terms of this
Contract, to the reasonable satisfaction of Employer. Such duties shall be
provided at SAN ANTONIO, TEXAS and at such other place(s) as the needs,
business, or opportunities of the Employer may require from time to time.
3. COMPENSATION OF EMPLOYEE. As compensation for the services provided by
Employee under this Contract, Employer will pay Employee an annual salary of
$204,000.00. Salary is payable in semi-monthly installments on the first day and
the fifteenth day of each month. Upon termination of this Contract, payments
under this paragraph shall cease; provided, however, that the Employee shall
be entitled to payments for periods or partial periods that occurred prior to
the date of termination and for which the Employee has not yet been paid.
4. RECOMMENDATIONS FOR IMPROVING OPERATIONS. Employee shall provide Employer
with all information, suggestions, and recommendations regarding Employer's
business, of which Employee has knowledge, that will be of benefit to Employer.
5. REIMBURSEMENT FOR EXPENSES IN ACCORDANCE WITH EMPLOYER POLICY. The Employer
will reimburse Employee for "out-of-pocket" expenses in accordance with Employer
policies in effect from time to time. Employer will also pay for any business
related travel and expenses incurred from the business trips.
6. CONFIDENTIALITY. Employee recognizes that Employer has and will have
information regarding the following:
-inventions
-products
-costs
-discounts
-future plans
-business affairs
-processes
-trade secrets
-technical matters
-customer lists
-product designs
-copyrights
and other vital information (collectively, "Information") which are valuable,
special and unique assets of Employer. Employee agrees that the Employee will
not at any time or in any manner, either directly or indirectly, divulge,
disclose, or communicate in any manner any Information to any third party
without the prior written consent of the Employer. Employee will protect the
Information and treat it as strictly confidential. A violation by Employee of
this paragraph shall be a material violation of this Contract and will justify
legal and /or equitable relief.
7. UNAUTHORIZED DISCLOSURE OF INFORMATION. If it appears that Employee has
disclosed (or has threatened to disclose) Information in violation of this
Contract, Employer shall be entitled to an injunction to restrain Employee from
disclosing, in whole or in part, such Information, or from providing any
services to any party to whom such Information has been disclosed or may be
disclosed. Employer shall not be prohibited by this provision from pursuing
other remedies, including a claim for losses and damages.
8. CONFIDENTIALITY AFTER TERMINATION OF EMPLOYMENT. The confidentiality
provisions of this Contract shall remain in full force and effect for a 2 Year
period after the termination of Employee's employment. During such 2 Year
period, neither party shall make or permit the making of any public announcement
or statement of any kind that Employee was formerly employed by or connected
with Employer.
9. NON-COMPETE AGREEMENT. Recognizing that the various items of Information are
special and unique assets of the company, Employee agrees and covenants that for
a period of 2 Years following the termination of this Agreement, whether such
termination is voluntary or involuntary, Employee will not directly or
indirectly include the area within a 250 mile radius of SAN ANTONIO, TEXAS
directly or indirectly engaging in any competitive business includes, but is not
limited to, (i) engaging in a business as owner, partner or agent, (ii) becoming
an employee of any third party that is engaged in such business, (iii) becoming
interested directly or indirectly in any such business, or (iv) soliciting any
customer of Employer for the benefit of a third party that is engaged in such
business.
10. EMPLOYEE'S INABILITY TO CONTRACT FOR EMPLOYER. Employee shall not have the
right to make any contracts or commitments for or on behalf of Employer without
first obtaining the express written consent of Employer.
11. OTHER BENEFITS. Employee will receive 60,000,000 shares of common stock and
30,000,000 shares of preferred stock in BJO ENTERPRISES, LTD that will be
placed in a trust at execution of this contract. A yearly end of the business
bonus of 10% of net profit. A company car when financial position of company
warrants it. Employee further has the option in the future to purchase (1)
million shares of stock in BJO ENTERPRISES, LTD at 50% of the initial public
offering price. Employee will receive $2,000.00 annually for serving as a member
of the Board of Directors. When company becomes public, Employer will provide
employee with Officer's and Director's Errors and Omissions Liability coverage.
12. VACATION. Employee will have earned 2 weeks paid vacation after the first
six months of the first year of employment. Second year of employment, employee
will have earned 3 weeks paid vacation to be taken at a time (or) times
determined in advance discussions between Employee and Employer. Third year of
employment, employee will have earned 4 weeks paid vacation to be taken at a
time (or) times determined in advance discussions between Employee and Employer.
13. SICK LEAVE/PERSONAL BUSINESS. After completion of SIX MONTHS of employment,
Employee shall be entitled to SEVEN days paid time due to illness each year of
employment beginning on the first date of Employee's employment. Sick leave
benefits may not be converted into cash compensation. Employee's rights to
unused sick leave benefits shall be forfeited upon termination of employment.
14. HOLIDAYS. Employee shall be entitled to the following holidays with pay
during each calendar year:
-New Year's Day -Memorial Day -Independence Day
-Labor Day -Thanksgiving Day -Christmas Day
15. RETURN OF PROPERTY. Upon termination of this Contract, the Employee shall
deliver all property (including keys, ledgers, records, notes, data, memorandum,
models, and equipment) that is in the Employee's possession or under the
Employee's control which is Employer's property or related to Employer's
business.
16. NOTICES. All notices permitted under this Contract shall be in writing and
shall be deemed delivered when delivered in person or deposited in the United
States mail, postage paid, addressed as follows:
Employer:
BJO ENTERPRISES, LTD
0000 Xxxxx Xxxxxx Xx Xxx 0000
Xxxxxx Xxxx, XX 00000
Employee:
Xxxxxxxx Xxxxxxx XxXxxx
00000 Xxxxxxxx Xx
Xxx Xxxxxxx, Xx 00000
Such addresses may be changed from time to time by either party by providing
written notice in the manner set forth above.
17. ENTIRE CONTRACT. This contract contains the entire contract of the parties
and there are not other promises or conditions in any other agreement whether
oral or written. This Contract supersedes any prior written or oral agreements
between the parties.
18. AMENDMENT. This contract may be modified or amended, if the amendment is
made in writing and is signed by both parties.
19. SEVERABILITY. If any provisions of this Contract shall be held to be invalid
or unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Contract is
invalid or unenforceable, but that by limiting such provisions it would become
valid or enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.
20. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any
provisions shall continue to be valid and enforceable. If a court finds that any
provision of this Contract is invalid or unenforceable, but that by limiting
such provision it would become valid or enforceable, then such provision shall
be deemed to be written, construed, and enforced as so limited.
21. APPLICABLE LAW. This contract shall be governed by the laws of the State of
Nevada.
Employer:
BJO ENTERPRISES, LTD
By:XXXXXXXX XXXXXXX XxXXXX
XXXXXXXX XXXXXXX XxXXXX
CEO/PRESIDENT
Employee:
By:XXXXXXXX XXXXXXX XxXXXX
XXXXXXXX XXXXXXX XxXXXX
[BJO ENTERPRISES, LTD. LETTERHEAD]
EMPLOYMENT CONTRACT
This Employment Contract ("this Contract") is made effective September 25, 1997
by, and between BJO ENTERPRISES, LTD ("the Employer"), of 0000 XXXXX XXXXXX XX,
XXXXX 0000, XXXXXX XXXX, XXXXXX 00000, and JO XXX XXXXXXX XXXXXX ("Employee"),
of 00000 XXXXXXXX XX, XXX XXXXXXX, XXXXX 00000.
A. Employee is engaged in the business of SPORTS, ENTERTAINMENT, MEDICAL
RESEARCH, CLOTHING and TRANSPORTATION.
B. Employee desires to have the services of the Employee.
C. Employee is willing to be employed by Employer.
Therefore, the parties agree as follows:
1. EMPLOYMENT. Employer shall employ Employee as ASSISTANT VICE PRESIDENT and
SECRETARY. Employee accepts and agrees to such employment. Employee shall
perform such duties as are customarily performed by an employee in these
positions.
2. BEST EFFORTS OF EMPLOYEE. Employee agrees to perform faithfully,
industriously, and to the best of Employee's ability, experience, and talents,
all of the duties that may be required by the express and implicit terms of this
Contract, to the reasonable satisfaction of Employer. Such duties shall be
provided at SAN ANTONIO, TEXAS and at such other place(s) as the needs,
business, or opportunities of the Employer may require from time to time.
3. COMPENSATION OF EMPLOYEE. As compensation for the services provided by
Employee under this Contract, Employer will pay Employee an annual salary of
$52,000.00. Salary is payable in semi-monthly installments on the first day and
the fifteenth day of each month. Upon termination of this Contract, payments
under this paragraph shall cease; provided, however, that the Employee shall be
entitled to payments for periods or partial periods that occurred prior to the
date of termination and for which the Employee has not yet been paid.
4. RECOMMENDATIONS FOR IMPROVING OPERATIONS. Employee shall provide Employer
with all information, suggestions, and recommendations regarding Employer's
business, of which Employee has knowledge, that will be of benefit to Employer.
5. REIMBURSEMENT FOR EXPENSES IN ACCORDANCE WITH EMPLOYER POLICY. The Employer
will reimburse Employee for "out-of-pocket" expenses in accordance with Employer
policies in effect from time to time. Employer will also pay for any business
related travel and expenses incurred from the business trips.
6. CONFIDENTIALITY. Employee recognizes that Employer has and will have
information regarding the following:
-inventions
-products
-costs
-discounts
-future plans
-business affairs
-processes
-trade secrets
-technical matters
-customer lists
-product designs
-copyrights
and other vital information (collectively, "Information") which are valuable,
special and unique assets of Employer. Employee agrees that the Employee will
not at any time or in any manner, either directly or indirectly, divulge,
disclose, or communicate in any manner any Information to any third party
without the prior written consent of the Employer. Employee will protect the
Information and treat it as strictly confidential. A violation by Employee of
this paragraph shall be a material violation of this Contract and will justify
legal and/or equitable relief.
7. UNAUTHORIZED DISCLOSURE OF INFORMATION. If it appears that Employee has
disclosed (or has threatened to disclose) Information in violation of this
Contract, Employer shall be entitled to an injunction to restrain Employee from
disclosing, in whole or in part, such Information, or from providing any
services to any party to whom such Information has been disclosed or may be
disclosed. Employer shall not be prohibited by this provision from pursuing
other remedies, including a claim for losses and damages.
8. CONFIDENTIALITY AFTER TERMINATION OF EMPLOYMENT. The confidentiality
provisions of this Contract shall remain in full force and effect for a 2 Year
period after the termination of Employee's employment. During such 2 Year
period, neither party shall make or permit the making of any public announcement
or statement of any kind that Employee was formerly employed by or connected
with Employer.
9. NON-COMPETE AGREEMENT. Recognizing that the various items of Information are
special and unique assets of the company, Employee agrees and covenants that for
a period of 2 Years following the termination of this Agreement, whether such
termination is voluntary or involuntary, Employee will not directly or
indirectly include the area within a 250 mile radius of SAN ANTONIO, TEXAS
directly or indirectly engaging in any competitive business includes, but is not
limited to, (i) engaging in a business as owner, partner or agent, (ii) becoming
an employee of any third party that is engaged in such business, (iii) becoming
interested directly or indirectly in any such business, or (iv) soliciting any
customer of Employer for the benefit of a third party that is engaged in such
business.
10. EMPLOYEE'S INABILITY TO CONTRACT FOR EMPLOYER. Employee shall not have the
right to make any contracts or commitments for or on behalf of Employer without
first obtaining the express written consent of Employer.
11. OTHER BENEFITS. Employee will receive 1,000,000 (one million) shares of
common stock in BJO ENTERPRISES, LTD at the execution of this contract. Employee
further has the option in the future to purchase (1) million shares of stock in
BJO ENTERPRISES, LTD at 50% of the initial public offering price. Employee will
receive $2,000.00 annually for serving as a member of the Board of Directors.
When company becomes public, Employer will provide employee with Officer's and
Director's Errors and Omissions Liability coverage.
12. VACATION. Employee will have earned 2 weeks paid vacation after the first
six months of the first year of employments. Second year of employment, employee
will have earned 3 weeks paid vacation to be taken at a time (or) times
determined in advance discussions between Employee and Employer. Third year of
employment, employee will have earned 4 weeks paid vacation to be taken at a
time (or) times determined in advance discussions between Employee and Employer.
13. SICK LEAVE/PERSONAL BUSINESS. After completion of SIX MONTHS of employment,
Employee shall be entitled to SEVEN days paid time due to illness each year of
employment beginning on the first date of Employee's employment. Sick leave
benefits may not be converted into cash compensation. Employee's rights to
unused sick leave benefits shall be forfeited upon termination of employment.
14. HOLIDAYS. Employee shall be entitled to the following holidays with pay
during each calendar year:
-New Year's Day -Memorial Day -Independence Day
-Labor Day -Thanksgiving Day -Christmas Day
15. RETURN OF PROPERTY. Upon termination of this Contract, the Employee shall
deliver all property (including keys, ledgers, records, notes, data, memorandum,
models, and equipment) that is in the Employee's possession or under the
Employee's control which is Employer's property or related to Employer's
business.
16. NOTICES. All notices permitted under this Contract shall be in writing and
shall be deemed delivered when delivered in person or deposited in the United
States mail, postage paid, addressed as follows:
Employer:
BJO ENTERPRISES, LTD
0000 Xxxxx Xxxxxx Xx Xxx 0000
Xxxxxx Xxxx, Xx 00000
Employee:
Jo Xxx Xxxxxxx XxXxxx
00000 Xxxxxxxx Xx
Xxx Xxxxxxx, Xx 00000
Such addresses may be changed from time to time by either party by providing
written notice in the manner set forth above.
17. ENTIRE CONTRACT. This contract contains the entire contract of the parties
and there are not other promises or conditions in any other agreement whether
oral or written. This Contract supersedes any prior written or oral agreements
between the parties.
18. AMENDMENT. This contract may be modified or amended, if the amendment is
made in writing and is signed by both parties.
19. SEVERABILITY. If any provisions of this Contract shall be held to be invalid
or unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Contract is
invalid or unenforceable, but that by limiting such provisions it would become
valid or enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.
20. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any
provisions shall continue to be valid and enforceable. If a court finds that any
provision of this Contract is invalid or unenforceable, but that by limiting
such provision it would become valid or enforceable, then such provision shall
be deemed to be written, construed, and enforced as so limited.
21. APPLICABLE LAW. This contract shall be governed by the laws of the State of
Nevada.
Employer:
BJO ENTERPRISES, LTD
By: XXXXXXXX XXXXXXX XxXXXX
XXXXXXXX XXXXXXX XxXXXX
CEO/PRESIDENT
Employee:
By: JO XXX XXXXXXX XxXXXX
XX XXX XXXXXXX XxXXXX
[BJO ENTERPRISES, LTD. LETTER HEAD]
EMPLOYMENT CONTRACT
This Employment Contract ("this Contract") is made effective September 25, 1997
by, and between BJO ENTERPRISES, LTD ("the Employer"), of 0000 XXXXX XXXXXX
XX, XXXXX 0000, XXXXXX XXXX, XXXXXX 00000, and XXXX X XXXXX ("Employee"), of
0000 XXXXXXX XX, XXX XXXXXXX, XXXXX 00000.
A. Employee is engaged in the business of SPORTS, ENTERTAINMENT, MEDICAL
RESEARCH, CLOTHING and TRANSPORTATION.
B. Employer desires to have the services of the Employee.
C. Employee is willing to be employed by Employer.
Therefore, the parties agree as follows:
1. EMPLOYMENT. Employer shall employ Employee as VICE PRESIDENT. Employee
accepts and agrees to such employment. Employee shall perform such duties as
are customarily performed by an employee in these positions.
2. BEST EFFORTS OF EMPLOYEE. Employee agrees to perform faithfully,
industriously, and to the best of Employee's ability, experience, and talents,
all of the duties that may be required by the express and implicit terms of this
Contract, to the reasonable satisfaction of Employer. Such duties shall be
provided at SAN ANTONIO, TEXAS and at such other place(s) as the needs,
business, or opportunities of the Employer may require from time to time.
3. COMPENSATION OF EMPLOYEE. As compensation for the services provided by
Employee under this Contract, Employer will pay Employee an annual salary of
"NOT APPLICABLE AT THIS TIME". Salary is payable in semi-monthly installments on
the first day and the fifteenth day of each month. Upon termination of this
Contract, payments under this paragraph shall cease; provided, however, that the
Employee shall be entitled to payments for periods or partial periods that
occurred prior to the date of termination and for which the Employee has not yet
been paid.
4. RECOMMENDATIONS FOR IMPROVING OPERATIONS. Employee shall provide Employer
with all information, suggestions, and recommendations regarding Employer's
business, of which Employee has knowledge, that will be of benefit to Employer.
5. REIMBURSEMENT FOR EXPENSES IN ACCORDANCE WITH EMPLOYER POLICY. The Employer
will reimburse Employee for "out-of-pocket" expenses in accordance with Employer
policies in effect from time to time. Employer will also pay for any business
related travel and expenses incurred from the business trips.
6. CONFIDENTIALITY. Employee recognizes that Employer has and will have
information regarding the following:
- inventions
- products
- costs
- discounts
- future plans
- business affairs
- processes
- trade secrets
- technical matters
- customer lists
- product designs
- copyrights
and other vital information (collectively, "Information") which are valuable,
special and unique assets of Employer. Employee agrees that the Employee will
not at any time or in any manner, either directly or indirectly, divulge,
disclose, or communicate in any manner any Information to any third party
without the prior written consent of the Employer. Employee will protect the
Information and treat it as strictly confidential. A violation by Employee of
this paragraph shall be a material violation of this Contract and will justify
legal and/or equitable relief.
7. UNAUTHORIZED DISCLOSURE OF INFORMATION. If it appears that Employee has
disclosed (or has threatened to disclose) Information in violation of this
Contract, Employer shall be entitled to an injunction to restrain Employee from
disclosing, in whole or in part, such Information, or from providing any
services to any party to whom such Information has been disclosed or may be
disclosed. Employer shall not be prohibited by this provision from pursuing
other remedies, including a claim for losses and damages.
8. CONFIDENTIALITY AFTER TERMINATION OF EMPLOYMENT. The confidentiality
provisions of this Contract shall remain in full force and effect for a 2 Year
period after the termination of Employee's employment. During such 2 Year
period, neither party shall make or permit the making of any public announcement
or statement of any kind that Employee was formerly employed by or connected
with Employer.
9. NON-COMPETE AGREEMENT. Recognizing that the various items of Information are
special and unique assets of the company, Employee agrees and covenants that for
a period of 2 Years following the termination of this Agreement, whether such
termination is voluntary or involuntary, Employee will not directly or
indirectly include the area within a 250 mile radius of SAN ANTONIO, TEXAS
directly or indirectly engaging in any competitive business includes, but is not
limited to, (i) engaging in a business as owner, partner or agent, (ii) becoming
an employee of any third party that is engaged in such business, (iii) becoming
interested directly or indirectly in any way business, or (iv) soliciting any
customer of Employer for the benefit of a third party that is engaged in such
business.
10. EMPLOYEE'S INABILITY TO CONTRACT FOR EMPLOYER. Employer shall not have the
right to make any contracts or commitments for or on behalf of Employer without
first obtaining the express written consent of Employer.
11. OTHER BENEFITS. Employee will receive 1,000,000 (one million) shares of
stock in BJO ENTERPRISES, LTD at the execution of this contract. Employee
further has the option in the future to purchase (1) million shares of stock in
BJO ENTERPRISES, LTD at 50% of the initial public offering price. Employee will
receive $2,000.00 annually for serving as a member of the Board of Directors.
When company becomes public, Employer will provide Employee with Officer's and
Director's Errors and Omissions Liability coverage.
12. VACATION. Employee will have earned 2 weeks paid vacation after the first
six months of the first year of employment. Second year of employment, employee
will have earned 3 weeks paid vacation to be taken at a time (or) times
determined in advance discussions between Employee and Employer. Third year of
employment, employee will have earned 4 weeks paid vacation to be taken at a
time (or) times determined in advance discussions between Employee and Employer.
13. SICK LEAVE/PERSONAL BUSINESS. After completion of SIX MONTHS of employment,
Employee shall be entitled to SEVEN days paid time due to illness each year of
employment beginning on the first date of Employee's employment. Sick leave
benefits may not be converted into cash compensation. Employee's rights to
unused sick leave benefits shall be forfeited upon termination of employment.
14. HOLIDAYS. Employee shall be entitled to the following holidays with pay
during each calendar year:
-New Year's Day -Memorial Day -Independence Day
-Labor Day -Thanksgiving Day -Christmas Day
15. RETURN OF PROPERTY. Upon termination of this Contract, the Employee shall
deliver all property (including keys, ledgers, records, notes, data, memorandum,
models, and equipment) that is in the Employee's possession or under the
Employee's control which is Employer's property or related to Employer's
business.
16. NOTICES. All notices permitted under this Contract shall be in writing and
shall be deemed delivered when delivered in person or deposited in the United
States mail, postage paid, addressed as follows:
Employer:
BJO ENTERPRISES, LTD
0000 Xxxxx Xxxxxx Xx Xxx 0000
Xxxxxx Xxxx, Xx 00000
Employee:
Xxxx X. Xxxxx
0000 Xxxxxxx Xx
Xxx Xxxxxxx, Xx 00000
Such addresses may be changed from time to time by either party by providing
written notice in the manner set forth above.
17. ENTIRE CONTRACT. This contract contains the entire contract of the parties
and there are not other promises or conditions in any other agreement whether
oral or written. This Contract supersedes any prior written or oral agreements
between the parties.
18. AMENDMENT. This contract may be modified or amended, if the amendment is
made in writing and is signed by both parties.
19. SEVERABILITY. If any provisions of this Contract shall be held to be invalid
or unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Contract is
invalid or unenforceable, but that by limiting such provisions it would become
valid or enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.
20. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any
provisions shall continue to be valid and enforceable. If a court finds that any
provision of this Contract is invalid or unenforceable, but that by limiting
such provision it would become valid or enforceable, then such provision shall
be deemed to be written, construed, and enforced as so limited.
21. APPLICABLE LAW. This contract shall be governed by the laws of the State of
Nevada.
Employer:
BJO ENTERPRISES, LTD
By:XXXXXXXX XXXXXXX XxXXXX
XXXXXXXX XXXXXXX XxXXXX
CEO/PRESIDENT
Employee:
By:XXXX X. XXXXX
XXXX X. XXXXX
