To: wjmtmoney who wrote (29989 ) 6/3/1999 3:00:00 PM From: The Swordsman Respond to
More questions for tonight's call; see bottom.(A) During the term of employment with the Company, and subject to the direction of its Board of Directors (the "Board of Directors" or the "Board"), the Executive shall perform duties and functions consistent with his employment hereunder as Chairman, and as further defined in the Company's Bylaws. Such responsibilities shall include, but not be limited to, the following: to take a leadership role in helping the Company to develop its overall strategic plan and its operating business plan; to assist in efforts to arrange adequate financing to carry out the Company's business plan; and generally, to help meet the needs of the Company, its employees and customers. (B) The Executive agrees to devote his best efforts to the performance of his duties for the Company; to render his services to any joint venture, subsidiary or affiliated business of the Company; to participate in establishing the direction of the Company's business; and to promote the Company's relationships with its employees, customers and others in the business and financial communities. $360,000 per year unless adjusted by the Board of Directors as described below), payable in accordance with the Company's normal payroll procedures. The Board may increase Executive's base salary from time to time in its discretion. (B) The Company shall issue to the Executive 5,000,000 shares of restricted common stock of the Company as of the date of this Agreement. WHY? And if it's being deferred that has no bearing on the relative performance/reward scenario. Also if it's being deferred, would a certified copy of a written statement attesting to same be available and be over the signature of the comptroller?
