EXHIBIT 10.10
INTERNATIONAL STAR, INC.
OFFICER EMPLOYMENT AGREEMENT
EMPLOYMENT AGREEMENT by and between International Star, Inc. and Xxxxx Xxxxxxx.
1. Effective Date: Employment shall commence on November 4, 2005, time
being of the essence.
2. Duties: Xxxxx Xxxxxxx agrees to perform the following duties:
To act in the normal capacity of President and Chief Executive
Officer.
Xxxxx Xxxxxxx shall also perform such further duties as are
incidental or implied from the foregoing, consistent with Xxxxx
Xxxxxxx'x background, training and qualifications or may be
reasonably delegated as being in the best interest of International
Star, Inc.. Xxxxx Xxxxxxx shall devote full time to his employment
and expend best efforts on behalf of International Star, Inc. Xxxxx
Xxxxxxx further agrees to abide by all reasonable International
Star, Inc. policies and decisions now and hereinafter existing.
3. Term: Xxxxx Xxxxxxx'x employment shall continue for a period of
three (3) years beginning on the effective date of this agreement.
4. Compensation: Xxxxx Xxxxxxx shall be paid the following
compensation:
a) Annual salary: $100,000.00 (and 00/100 Dollars), to be paid on
monthly terms.
b) Should Xxxxx Xxxxxxx qualify for individual health insurance,
company will either pay for such insurance as agreed by both
ISRI and Xxxxx Xxxxxxx or reimburse Xxxxx Xxxxxxx for such.
c) Any tax burden resulting from compensation received under a
1099 shall be reimbursed by the company.
5. Termination: This agreement may be earlier terminated upon:
a) Death of Xxxxx Xxxxxxx or illness or incapacity that prevents
Xxxxx Xxxxxxx from substantially performing for 12 continuous
months or in excess of 250 aggregate working days in any
calendar year.
b) Breach of agreement by Xxxxx Xxxxxxx.
6. Renewal: Should Xxxxx Xxxxxxx remain in the employ of International
Star, Inc. after the termination of this Agreement, the terms of
this Agreement shall remain in full force and effect except that the
continued term of employment shall be at the will of the parties,
and can be ended at any time, for any reason by either party.
7. Miscellaneous:
a) Xxxxx Xxxxxxx agrees that during the term of this agreement
and for a period of two years hereafter, Xxxxx Xxxxxxx will
not:
i) Induce or attempt to induce any employee to leave
International Star, Inc.'s employ;
ii) Interfere with or disrupt International Star, Inc.'s
relationship with any of its employees;
iii) Solicit or employ any person employed by International
Star, Inc.
b) This agreement shall not be assignable by either party,
provided that upon any sale of this business by International
Star, Inc., International Star, Inc. may assign this agreement
to its successor or Xxxxx Xxxxxxx may terminate same.
c) In the event of any dispute under this agreement, it shall be
resolved through binding arbitration in accordance with the
laws of the state of Nevada.
d) This constitutes the entire agreement between the parties. Any
modification must be in writing.
8. Business Expenses: All actual and reasonable business expense
incurred by Xxxxx Xxxxxxx is fully reimbursable by the Company.
o Automobile expenses for the use of personal vehicles shall be
fully reimbursed plus the applicable IRS mileages standard for
miles driven on Company business.
o Use of personal dwelling for business offices will be
reimbursable at a monthly rate of $550.00 for office space and
$50.00 for utilities.
Dated: November 4, 2005
Accepted by:
/s/Xxxxx Xxxxxxx /s/ Xxxxxx XxXxxxx
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Xxxxx Xxxxxxx Xxxxxx XxXxxxx, Secretary
