Common Contracts
1 similar Employment and Non-Competition Agreement contracts by Continental Fuels, Inc.
EMPLOYMENT AND NON-COMPETITION AGREEMENTEmployment and Non-Competition Agreement • December 17th, 2007 • Continental Fuels, Inc. • Optical instruments & lenses
This EMPLOYMENT AND NON-COMPETITION AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of December, 2007, by and between GEER TANK TRUCKS, INC., a [Texas] corporation (the “Company”) and RONNIE SMITH (the “Executive”). WHEREAS, pursuant to a Stock Purchase Agreement (the “Acquisition Agreement”) dated as of July 3, 2007 by and among Charles Randall Geer, Jana Geer Douglas, Donna Osteen Reich, Jerrye Geer Faltyn and Lori Geer Smith (the “Sellers”), Company and Continental Fuels, Inc. (the “Buyer”), the Buyer intends to acquire all of the outstanding stock of the Company from the Sellers (the “Acquisition”); WHEREAS, the Executive is a Seller and shall receive cash and other remuneration upon the closing of the Acquisition; and WHEREAS, it is a condition precedent to effectuating the Acquisition that the Executive enter into an employment and non-competition agreement with the Company in the form hereof, which agreement supersedes and replaces any pr
