EMPLOYMENT AGREEMENT
The EMPLOYMENT AGREEMENT (the "Agreement”) is made and entered into as of January 1, 2012 by and between Ubiquity Broadcasting Corporation, located at 0000 Xxxxxxxx Xxxxx, Xxxxxx, XX a Delaware corporation (the “Corporation"), and Xxxxx X. Xxxxxxx, an individual, whose address is [***************************](“Employee").
ARTICLE 1
1. | Employment and Locale. |
B. Effective Date; Term. The effective date of this Agreement (the “Effective Date") shall be January 1,2012.
ARTICLE 2
2.1 Duties and Responsibilities. Employee shall be employed by the Corporation as General Studio Manager with the responsibilities and authority customarily performed by such position and as may from time to time be assigned to the Employee by the management of the Corporation. Employee shall report directly to the Company’s CFO. A. During the term, Employee shall have the title of General Studio Manager and perform the services customarily rendered by a studio executive in the entertainment industry in connection with the creation of motion pictures, television programming, commercials, web original content, trailers, and treatments for distribution on multiple platforms. Employee will evaluate financing and distribution opportunities including appropriate staffing and other matters as requested by UBC. In such capacity, shall perform such duties consistent therewith as are customary in the industry and as may be designated or altered from time to time by the Company's President. Employee shall not have the right to obligate or bind the company in any manner whatsoever or enter into any in any agreements on behalf of the Company whatsoever. Employee shall report directly to the Company President, however shall take direction from other Senior staff members who in their capacity shall interface with Employee in the performance of the duties and responsibilities described herein. Employees Employment with the company is specifically conditioned upon the performance and reliance of the performance by Employee of the duties and responsibilities described herein. The duties and responsibilities of the Employee include, but are not limited to:
1. Establish, and promote the Studio products and services of the Company, to ensure the company’s continuing success and growth.
2. Access and Develop strategy and roadmaps for the development of revenue generating projects associated with studio projects for hire, studio and equipment rentals, television programming, live programming, commercials, web original content, motion pictures partnership(s) and distribution opportunities on behalf of and for the benefit of the Company.
3. Develop and execute a studio strategy to include sales, promotions, studio properly management to include studio equipment and intellectual property. Achieve sales objectives.
4. Maintain Relationships on behalf of the Company with Studios, Production Companies, Distribution houses, studio contract personnel both foreign and domestic, agents, agencies entertainment industry insiders, entertainment industry Vendors, Contractors and for the purpose of building out the Company's products at the direction of the Company's Management.
5. Prepare and present client side presentations for the Studios at the request of management.
5. Prepare and provide budget projections for proposed services. Assist the company in evaluating and securing production staff on an as needed basis.
6. Establish and maintain Strong relationships with industry peers and major entertainment corporate players necessary for ensuring the advancement of the company’s current and planned products and services and the Company's continued growth.
7. Develop, Execute, Deploy Strategies to Monetize the Company’s Studio Products and Services at the direction of the company's management.
8. Execute the strategic end tactical operational and strategic studio growth plans of the Company at the direction of the Company President, with particular emphasis on continued expansion into new products and markets to increase revenue and market share of the company.
9. Exemplify and xxxxxx achievement-oriented culture based on continuous learning principles where employees and contractors are motivated and rewarded for both individual and team contributions.
10. Provide all necessary weekly, monthly, quartile Reports of activities taken on behalf of the company or any such necessary reports as defined and requested by The Company’s management at its sole discretion
11. Represent the company at business and corporate functions.
12. Travel from time to time at the request of the Company's management.
13. Any other duties as requested by Management
2.2 Employee Bound by Rules/Policiunawedof the Corporation. Employee agrees to be bound by and abide by the policies of the Corporation effective during Employee's employment with the Corporation.
2.4 Company E-Mail and Business Cards: Employee understands that a company approved e-mail address is issued to employee and is to be used for all communication between himself, customers, business prospects, fellow employees, vendors and contractors of the company, and all other business purposes relating to employees employment with the company. The company has provided employee with authorized business cards and corporate letterhead which shall be use at all times in communicating with outsiders on behalf of the company.
ARTICLE 3
3.1 Compensation. As compensation for services rendered under the Agreement during Employee's employment, Employee shall receive an annualized salary of $150,000, payable in accordance with the Corporation's regular payroll practices. Salary for a portion of any period will be prorated, and Employee's salary, including bonuses, if any, shall be subject to deduction of all required federal and state income, social security, unemployment, and other similar taxes.
A. Employee shall receive a Commission equal to 3% (THREE PERCENT) of the gross sales of studio production services, equipment and studio rentals and all relates services providing that Employee himself procured the sale on behalf of the company.
B. Employee shall be entitled to a bonus that is equal to 5% (FIVE Percent) of the capital contributions received by the company from sources established by and referred by Employee directly. The Company reserves the right at its sole discretion to accept or reject a proposed capital investment
3.3 Business Expenses. The Company will pay or reimburse Employee for such reasonable business, travel and entertainment expenses as may be incurred by him from time to time during the term in the performance of his duties hereunder, provided such expenses are deductible from the Company's income under applicable provisions of the Internal Revenue Code and are consistent with such reasonable policies regarding expense reimbursement established by Company. All expenses for airfare, hotel and rental car shall be paid in advance when possible by the Company. A meals per diem rate of $55.00 shall apply (company approved entertainment expense excepted). Should Employee advance any of his own money in the performance of his duties he shall be reimbursed. Such reimbursement will be made upon the presentation by Employee of an itemized account of such expenditures, setting forth the date, the purpose for which incurred (including contact company, name, title, telephone number, e-mail, address, explanation of business purpose, receipts, and the amounts thereof, together with such receipts showing payment as may be required by the Company’s established policies.
3.5 Benefits. At this time the company offers both a PPO and HMO medical insurance at a maximum premium benefit in the amount of $1,000.00 per month, overages will be a the sole expense of the Employee deducted for Employees wages. Company does not allow Employee to receive money in exchange of waiving insurance under this paragraph D. Employee shall also be entitled to participate in all Company employee benefit programs, whether now existing or hereafter established. This section is subject to the right of Company to amend and modify such benefit programs as to all Company employees in Company’s sole and absolute discretion.
Employee understands that a back-up copy of the contents of the computer and other equipment shall be made by the 30th day of each month by authorized Company personnel. Employee acknowledges any personal use (not prohibited under this agreement) of the mobile phone may/will be scrutinized by Company personnel in connection with 2.3 of this agreement. Removing company property form the Company premise without proper written authorization is strictly prohibited. In appropriate or illegal use of any company equipment no matter the location or time of use is strictly prohibited and may result in immediate termination.
3.8 Holiday Pay. Employee shall have the following federal holidays off. Said holidays will be paid holidays, (New Year’s Day, Xxxxxx Xxxxxx Xxxx Xx. Day, President, Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day. and Christmas Day.)
ARTICLE 4
ARTICLE 5
5.1 Subject to Section 6, the employment of Employee by the Company may be terminated by the Company as provided in this Section 5, but not otherwise:
A. Without Cause. Employee's Employment is "At Will”. The Company may terminate Employee's employment at any time with not notice and with or without cause, for any reason whatsoever, or for no reason at all, with no further obligation for payment of wages, bonuses or other remuneration except payment of the compensation earned and owed up to the date of termination. Employee herein acknowledges that he fully understands the "At Will" status of the employment.
B. Termination Upon Death. Employee's employment with the Company shall terminate automatically upon Employee's death.
C. Employee Conduct Employee’s understands the following conduct is strictly prohibited.
D. The use during the term of this Agreement by Employee of illegal drugs or other illegal substances;
E. Any alcoholic or illegal substance intoxication during working hours to include while business functions on behalf of the Company.
F. Any other willful, reckless, profane or grossly negligent conduct, unprofessional conduct, offensive hand gestures, ethnic slurs directed at any Employee, Officer or Director, abusive conduct, bickering, verbally badgering other employees, or verbal threats against other employees, physical assault against other employees by Employee that constitutes good cause for termination of employment under California law, including, without limitation, embezzlement, sexual harassment and discrimination.
G. Misuse or personal use, personal business use of the company’s offices, internet, computers, mobile equipment and other equipment.
H. Removing Company property from Company premises without proper authorization.
I. Failure to take necessary steps to protect the company’s confidential and propriety information, plans, designs, ideas, etc.
J. Soliciting the Company's vendors staff, or contractors, prospective clients, licensees, partners, or affiliates for employee’s own personal benefit or personal business objectives or on behalf of any third party.
K. Insubordination, willful refusal to take direction from the Company's management.
L. Falsifying information; willfully providing false information either written or oral concerning the status of work, status of performance, company’s products, and work in process, sales, financial documents, and statements about co-workers etc, to management.
M. Making disparaging remarks about the Company, its Employees, Officers or Directors either orally or in writing.
N. Taking unauthorized pictures, videos or recordings of conversations of any Employees, Officers, or Directors. Partners, Clients, Vendors, Contractors of the Company.
ARTICLE 6
EFFECT OF TERMINATION OF EMPLOYMENT
6.1 Notwithstanding anything in this Agreement to the contrary.
A. In the event that this Agreement is terminated, the Company shall pay Employee upon termination the sum of (i) his accrued and unpaid Base Salary as described in Paragraph 3.A hereof; plus (ii) any unpaid portion of the salary, all outstanding expense reimbursements, (iii) any accrued and unpaid Vacation as may be required by law.
B. Delivery of Property. Upon termination of Employee's employment with the Company, Employee shall deliver to the Company all equipment of any kind or nature, books, records, lists of customers and other property and Confidential Information belonging to the Company or developed in connection with the business of the Company and all copies thereof in his possession or under his control. Final compensation to employee shall be specifically conditioned upon this paragraph C.
C. In the event that this Agreement terminates due to the death of Employee, his accrued and unpaid Base Salary as described in Paragraph 3.
D. in the event that the Company exercises its right to terminate Employee's employment due to Employee’s disability pursuant to Section 5.D, the Company shall pay Employee accrued and unpaid Base Salary as described in Paragraph 3.
(a) The Agreement shall terminate upon the death of Employee.
ARTICLE 7
NON-DISCLOSURE, INVENTION AND COPYRIGHT ASSIGNMENT AGREEMENT
Employee’s employment is subject to the requirement that Employee sign observe and agree to be bound, both during and after Employee's employment, by the provisions of the Company’s Non-Disclosure and Invention and Copyright Assignment Agreement, a copy of which is attached hereto as Addendum A. Employee’s execution of the Non-Disclosure and Invention and Copyright Assignment Agreement is an express condition precedent to the Company’s obligations under this Agreement. Employee further agrees to execute, deliver and perform, during Employee’s employment with the Company and thereafter, any other reasonable confidentiality and non-disclosure agreements concerning the Company and any of its affiliates and its business and products, which the Company promulgates for other key employees.
(a) During Employee’s employment with the Company and for a period of three (3) years following the termination of Employee's employment with the Company, Employee shall not interfere or attempt to interfere in any way with any existing relationships of the Company with any client with whom the Company has participated in at least one project or placement within the two (2) years prior to the termination of Employee’s employment, and shall not solicit, divert or take away or attempt to solicit, divert or take away any business of the Company that is either under contract or in negotiation at the time of the termination of Employee's employment with the Company.
(b) During Employee's employment with the Company and for a period of two (2) years following the termination of Employee’s employment with the Company, Employee shall not interfere or compete in any way with any Client solicitation efforts of the Company already in progress at the time of the termination of Employee's employment with the Company.
(c) During Employee's employment with the Company and for a period of three (3) years following the termination of Employee’s employment with the Company, Employee shall not use, in a manner competitive with the business of the Company, any of his relationships or business contacts developed during Employee’s employment with the Company or prior to Employee’s employment with the Company.
(d) During Employee’s employment with the Company and for a period of three (3) years following the termination of Employee's employment with the Company, Employee shall not induce, solicit or influence or attempt to induce, solicit or influence any person who is engaged as an employee or otherwise by the Company, to terminate his or her employment or other engagement with the Company.
(e) During Employee’s employment with the Company and for a period of three (1) year following the termination of Employee’s employment with the Company, Employee shall not induce, solicit or influence or attempt to induce, solicit or influence any person, contractor, vendor, service provider, partner, licensee, affiliate, or investor, who is or was during the term of employees Employment engaged by the Company, or affiliated with the Company to terminate his or her, or their association or business with or other engagement with the Company.
(e) Employee agrees that, during the term of this agreement and upon termination of employment and for three (3) years thereafter, employee shall not, in any communications with the press or other media or any customer, client other employees or contractors, investors or suppliers vendors of company, or any of company affiliates, criticize, ridicule or make any statement which disparages or is derogatory of company or its affiliates or any of their respective directors or senior officers.
ARTICLE 8
A. Non Disclosure of Confidential Information. Employee acknowledges that any disclosure of certain confidential and proprietary information and trade secrets of substantial value to the Company or its customers (collectively the "Confidential Information") may do great harm to the Company and agrees as follows:
9. | Miscellaneous. |
B. California Law. This Agreement shall be governed by, and construed in accordance with, the laws of the Stale of California applicable to contracts made and wholly to be performed therein.
To the Company: | 0000 Xxxxxxxx Xxxxx |
Xxxxxx, XX 00000 | |
To Employee: | 0000 Xxxxxxxx |
Xxxxxx, XX 00000 |
IN WITNESS WHEREOF, the Corporation and Employee have executed The Agreement as of the date first written above.
“CORPORATION”
Ubiquity Broadcasting Corporation., a Delaware corporation
By: |
“EMPLOYEE” | |
/s/ Xxxxx Xxxxxxx | |
Xxxxx Xxxxxxx |
July 25, 2013
Amendment to the "Employment Agreement" by and between
Ubiquity Broadcasting Corporation and Xxxxx Xxxxxxx Dated January 1,2012
The following amendment shall be made effective as of August 1, 2013 to section 3. Compensation, paragraph 3,1 to that "Employment Agreement" by and between Ubiquity Broad casting Corporation and Xxxxx Xxxxxxx dated January 1, 2012 which currently reads:
ARTICLE 3
A. Employee shall receive a commission equal lo 3% (THREE PERCENT) of the gross sales of studio production services, equipment and studio rentals and all relates services providing that Employee himself procured the sale on behalf of the company.
B. Employee shall be entitled to a success fee that is equal to 5% (FIVE Percent) of the capital contributions received by the company from sources established by and referred by Employee directly. The Company reserves the right at its sole discretion to accept or reject a proposed capital Investment.
Which shall be amended as follows:
ARTICLE 3
3.1 Compensation. As compensation for services rendered under the Agreement during Employee's employment, Employee shall receive an annualized salary of $150,000, payable in accordance with the Corporation's regular payroll practices. Salary for a portion of any period will be prorated, and Employee's salary, including bonuses, if any, shall be subject to deduction of all required federal and state income, social security, unemployment, and other similar taxes.
A. Employee shall receive a commission equal to 3% (THREE PERCENT) of the adjusted gross revenue (Revenue minus costs related to the services provided) derived from the approved sales of studio production services, equipment and studio rentals and all related services providing that Employee himself procured the sale on behalf of the company. The Company at its sole option reserves the right to accept or reject any proposals presented by Employee in connection with the above referenced studio services.
B. Employee shall be entitled to a success fee that is equal to 5% (FlVE Percent) of the capital contributions received by the company from sources established by and referred by Employee directly. Employee acknowledges that he is in no way employed for the purpose of securing capital contributions on behalf of the Company. The Company reserves the right at its sole discretion to accept or reject a proposed capital investment.
This sets forth the entire understanding between the parties with respect to the subject matter hereof, and these are no terms, conditions, representations, warranties or covenants other than those contained herein. This constitutes the complete amendment to the above referenced agreement and supersedes any previous agreements or understandings between the parties with respect to the subject matter hereof, whether written or oral.
Agreed and Accepted this 25th day of July, 2013.
/s/ Xxxxx Xxxxxxx | /s/ Xxxxx Xxxxxxxxxx | |
Xxxxx Xxxxxxx | Xxxxx Xxxxxxxxxx, President & CEO |