FinancialWeb.com Inc. Contracts
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Employment Agreement - Axxess Inc. and Carl Surran
Employment Forms
- Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
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- Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
- Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
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[AXXESS LOGO APPEARS HERE] EMPLOYMENT AGREEMENT This agreement is entered into between Axxess, Inc., d.b.a. Axxess Communications, Inc., herein after known as "Axxess" and Carl Surran, herein after known as "Mr. Surran". Whereas, Axxess and Mr. Surran, as evidenced by the signed execution of this Employment Agreement, agree to the following. I. Mr. Surran will be employed by Axxess as of July 21, 1997 in the position of "Managing Editor" at Axxess's place of business at 445 Douglas Ave., Altamonte Springs, Florida 32714. Mr. Surran's responsibilities will include the development, research, composition and editing of materials to be used for editorial content for the various publications owned by Axxess. Additionally, Mr. Surran will be responsible for managing any future editorial support staff as well as third party contributing editors for Axxess. II. Mr. Surran will be considered a full time, permanent employee for the purposes of employee benefits as further described in the "Employee Manual". III. Mr. Surran will receive a salary in the amount of $42,000.00 annually to be paid on a semi-monthly basis. IV. Mr. Surran will receive a supplement of $175 per month towards the purchase of health insurance premiums until such time that Axxess can make available group health insurance benefits to its employees. At such time, Axxess, Inc. will then pay 100% of Mr. Surran's personal premium and provide dependent coverage as defined in the health insurance plan. Premiums for dependent insurance will be the responsibility of Mr. Surran. V. Mr. Surran will be entitled to paid sick leave and vacation as described in the "Employee Manual" of Axxess. Accordingly, vacation is earned at the rate of 15 days per year, accrued monthly and subject to vesting and other conditions described in the Employee Manual. Sick leave is granted at a minimum of 7 days per annum. VI. As an additional recruitment incentive, Mr. Surran will receive compensation in the amount of 8,000 shares of common stock of Axxess, Inc., effective the date of employment and to be vested to Mr. Surran's benefit on the first anniversary of said employment. It is understood that shares of Axxess, Inc. issued to Mr. Surran under this agreement are not registered and subject to restriction under SEC rule 144. VII. Either Axxess or Mr. Surran may terminate this agreement with 30 days prior written notice to the other party. This agreement may not be modified in any way without the expressed written consent of both parties. Acknowledged: /s/ Carl Surran 7/1/97 /s/ [Signature Appears Here] 7/1/97 ------------------------------------ ------------------------------------- Employee date Axxess, Inc. Date 445 Douglas Ave., Ste. 2205-G Altamonte Springs, Florida 32714 Phone (407)786-6530 Fax (407)786-6541 www.axxessinc.com