Agreement
between Grissemann Consulting SA, Chatillens
(hereafter KG)
and IAT AG, Turgi
(hereafter IAT)
Preamble
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Presumably until December 3, 1992 IAT will have a financial reorganization and
wants to reorganize the responsibilities of its administration. Since on the one
hand the outcome of the financial reorganization is open and on the other hand
the necessary work time for this position varies strongly but lies under 50%,
the occupation of this position under a regular working contract is unsuitable.
1. Scope of work and resposibilities
With effect from September 1, 1992 KG takes on the responsibility for the
administration and accounting of IAT. In doing so, he can rely on the
assistance of IAT staff.
His work place is Turgi, Montreux and Chatillens as required.
2. Employment of time
The employment of time is defined by the requirements of IAT and is agreed
upon with the management. It will amount to a minimum of 30 percent and is
not upwards limited until the conclusion of the financial reorganization
KG ensures that he can always be reached by telephone.
3. Remuneration
The remuneration corresponds to a pro rata salary including social
security of an IAT manager and will amount to SFr. 5'000.--/month from
September 1, 1992.
Grissemann Consulting SA will xxxx the company on a monthly bases. The
invoice will be settled at the end of each month together with the salary
payments of IAT.
IAT will not be charged with any social security expenses.
Domestic travel expenses are included in the remuneration.
4. Notice of termination
Until the conclusion of the financial reorganization the agreement cannot
be terminated. After that the agreement can be terminated by either side
at 30 days' written notice at the end of a quarter.
5. Final clause
Under the condition of a positive outcome of the financial reorganization
IAT and KG reserve the right to redefine the work time percentage and
remuneration of this agreement at the beginning of 1993.
Turgi and Chatillens, September 1, 1992
IAT AG Grissemann Consulting SA
[signed] [signed]
Xx. Xxxxxx Xxxx Xxxxx Xxxxxxxxxx
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