I received this email offer via email:
I have the pleasure in inviting you to be part of our high professional team named LTE Company , which is rapidly developing on the market.Based in Reston, Virginia. LTE Company founded in October of 2007 on the fundamental principles оf applying state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. We believe that your skills and experience will invariably contribute to the development and growth of our company.
Let me introduce myself, my name is Emma Wilson and I'm the hiring manager. I'm here to help you out to understand complete information of the current employment. Please do not hesitate to ask your questions about employment process, and I will be happy to answer them for you in detail.
The position currently open at the company offers remarkable growth prospects in fields such as сonsulting and management.By agreeing to this position you will have to carry out the following duties described below and to provide you with all the necessary information, you will be involved to the required training, during which you will learn how to perform specific tasks.
You will have to carry out the following duties (of course, you will have a preliminary training period that ensures you have learned to perform a particular task):
- Making important graphs and reports regarding information received from our clients and partners
who are working inside the country and abroad.
- Development and transfers of working plans
- Researching of the most profitable routes for travel for our engineers who are working on developing in exploration technologies
- Analysis and research for changes on the current situation in market
- Providing all necessary reports to the supervisor in time
- Performing other required tasks if they appear.
In such manner, we try to use all our operating resources to achieve a positive effect in our companies work.To help you better understand work of our team let me give you an example. If our engineers are working every week outside the office, they need to provide reports to us about their work. Therefore, they need to send the required documents to the main office. In some cases, It is not possible for the engineer to prepare the required reports due to the conditions where explorations are held and they don't have access to the computer. And work with the computer is the only way to transfer the information collected during research to the coordination manager for the required processing. And this method of saving time has a positive effect on the quality of work
from our company and the team, as all employees perform their tasks quickly and efficiently helping each other, and do not spend time on the job, which requires much more time than it takes.
The salary that will be paid to you for the first three weeks of training will be $xxxx and will be paid to you by direct deposit after you finish your training period. But if you perform
you're working tasks successfully and in time with no remarks from your manager, your salary can be paid to you after two working weeks. After completion of your trial period we will offer you the actual position of a Manager in our company with the salary amount of $xxxx per month.
I want to highlight you the fact that you do not need to spend your personal out-of-pocket money working with us. Also, all your expenses from the bills will be covered by our company with your salary.
If you want to proceed further, please find working agreement attached to this letter. This contract has to be signed by your hand. If you can't open following file, please check if you
have installed the necessary software on your computer that will let you open PDF files. You can download Abode Reader pack from official website by the link below: http://www.adobe.com
To proceed with your signed agreement to our database, you need to follow required rules:
1. Your agreement has to be signed only by hand. Digital signatures are not accepted by our company as legal proof of consent.
2. Your signed agreement must be sent back as scanned copy or faxed copy.
After successful competition of all steps, I will contact you by phone to inform you about further steps in your employment with our company.
Here is the agreement:
This employment agreement (the “AGREEMENT”) is made effective as of by and between the
“COMPANY” and the “EMPLOYEE” (collectively referred to as the “PARTIES”).
The “COMPANY”:
Company name: Leading Technologies for Exploration Company (LTE Company)
Form of enterprise: LLC (Limited Liability Company)
Company address: 11951 Freedom Drive, Reston, Virginia, 20190
Chief Executive Officer: Richard Hamilton
The “EMPLOYEE”:
First name:
Last name:
Middle initial:
DOB:
Current address:
Permanent address:
City:
State:
ZIP:
Home phone (landline):
Cell phone:
E-mail:
1. Preamble.
This agreement is between the LTE LLC hereinafter called “Company” and
_____________________________________________ hereinafter called “Employee”.
2. General conditions.
2.1. The Parties may negotiate and alter the provisions of the Agreement on occasion in
written form. Subject to prior consent of the Company subsequent estimates of the Manager
Service may be added in supplement to the present Agreement. The Agreement cannot be
amended or modified unless any changes are introduced in written form and signatures of
appropriately accredited representatives of the Parties are given. The present Agreement
includes all the supplements, amendments and appendices constituting an inseparable part
hereof.
2.2. Section headings do not serve as integral parts of the present Agreement as they do not
expressly and precisely present the content of the Agreement.
2.3. There exist no agreements, obligations and liabilities between both Parties in the exception of
those accurately and unambiguously stated in the Agreement. The present Agreement
covers the entire understanding between the Parties, explicitly sets out the matters included in
it and substitutes previous promises and negotiations. The present Agreement shall in any
case prevail over any conflicts that may occur between the Parties.
3. Subject of agreement.
3.1. In accordance with the Agreement the Manager is employed by the Company. The
Manager undertakes obligation to fulfill the duties stated in the Agreement and be paid
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 2
for his/her services, and commits him/herself to act for the benefit of the Company over the
period the Agreement is in force.
3.2. The services provided by the Manager in accordance with the Agreement are considered
his/her professional activity consisting of a set of statements stated herein.
4. Costs and fees.
4.1. Any dues or expenses paid by the Manager (or supposed to be paid in the course of working
for the Company) in accordance with the obligations set by the Agreement, are to be
compensated by the Company according to actual expensesrate.
4.2. The Company undertakes the obligation to compensate any approved and substantiates outof-pocket
expenses that the Manager encounters while accomplishing the duties set by the
Agreement.
5. Company responsibilities.
5.1. The main responsibility of the Company is providing exploration services, including
introducing, selling and supporting.
5.2. Any account charges are compensated by the Company on condition that the charges are
related to bank transfers executed by theManager.
5.3. According to the present Agreement, the services of the Manager are reimbursed by the
Company in the amount of $xxxx USD for the three (3) initial weeks of the trial
engagement period (“the Trial Period”). On successful accomplishment of the Trial Period
monthly salary amounts to $xxxx USD.
5.4. The Manager is to be provided with full salary compensation set by the present Agreement
until the date of the Agreementtermination.
5.5. The Manager is provided with an insurance package in accordance with the field of
employment; the package is valid after full three (3) months of continuous employment in the
Company.
6. Duties of the employee.
6.1. Performing daily operations: working with documentation, processingpaperwork.
6.2. Monitoring company’s online messaging system for new messages and/or assignments.
6.3. Monitoring employee and company operating account activity and withdrawing funds
transferred by Company’s client for further assets distribution to some of the workers of the
Company.
6.4. Controlling actual status of the exploration of mineral resources.
6.5. Sorting, checking and recording information (Excel tables with data).
6.6. Performing research tasks in Manager’s local area and submitting results to the data base.
(Researching office lease opportunities for further office establishment).
6.7. Funds that the clients of the Company transfer to the Bank Account are to be withdrawn by
the Manager with the exclusion of all bank commissions and charges. After withdrawal the
bankroll is to be transferred to workers via international money transfer system within one (1)
business day. As it is set by the present Agreement, all money transfer commissions will be
covered from the amount transferred.
6.8. The Manager shall keep accurate and full records of accomplished transfers, supporting
documents, invoices, including vendor invoices, any received payments paperwork, and their
copies over the period while the present Agreement is in force.
6.9. Acquiring equipment and accessories for the home office of Company’s employees using the
funds allocated by the Company.
6.10. Protecting operations of the Company by keeping financial information and Company’s
plans confidential.
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 3
7. Limitation of liability.
7.1. The Manager is not under articles with clients of the Company and is not liable for any
disputes that may occur between the clients. Exploration agreements and contracts have legal
force only between the Company and itsclients.
7.2. The Manager distinctly agrees that the Company shall be entitled to judiciary and other
equitable restraint in the occurrence or for the prevention of any breach of Agreement
provisions by the Manager. Implementation of such a restraint should not be interpreted
as a refusal of any other remedies or rights that the Company may have for damages or
otherwise. Various remedies and rights set by the present Agreement for the Company
should be interpreted as cumulative, meaning that any of them of them should not exclude
any other right or remedy warrantable by law.
7.3. The Company guarantees indemnification to the Manager from any lawsuits, claims, and
damages resulting from unlawful or negligent actions of theCompany.
8. Privacy statement.
8.1. All information that is passed from one Party to another and is regulated by the Agreement is
considered confidential and shall not be subject to disclosure to the third parties unless there
is an agreement between the Parties present in written form, except for cases preconditioned
by the terms of the contract.
8.2. By signing the present Agreement the Manager acknowledges that all copyrightable material,
any discoveries, inventions and innovations elaborated by the Manager over the period of
employment become exclusive property of theCompany.
8.3. Any discoveries, inventions, developments and innovations elaborated by the Manager before
executing the present Agreement and remain in his ownership and may be used in rendering
the duties set by the Company; they are licensed for use by the Company.
8.4. The number of employees admitted to the information of the Company is limited by the
Manager to the number of employees needed for execution of theAgreement.
8.5. The Manager takes on the obligation not to disclose any information on account details,
bankroll operations, and essential elements of the Company to the third parties, unless the
disclosure of confidential information is authorized by the Company directly, or is
necessary for the execution of the present Agreement.
8.6. The Manager is aware of the fact that the system of the accounts the Manager uses in the
course of work constitutes an internal system. It is prohibited to disclose any record that has
been given confidential status or has a status of a pending application of confidentiality.
8.7. The Parties specify existing proprietary or confidential items to be delivered against the
present Agreement in the following way. Both Parties agree that over the period when the
present Agreement is in force, the Manager may elaborate certain information that he/she
wants to be subject to protection as confidential information. The Manager confirms that as
an employee of the Company he/she will be granted access to certain trade secrets,
processes, inventions, records, specifications and innovations that are the property of the
Company and/or implemented by the Company in its business process, including, but not
limited to, business methods, customer accounts, product procedures.
8.8. The exclusive property of the Company comprises all documentation, files, blueprints,
records, specifications, letters, media lists, notes, original artwork, and similar items related
to the business activity of the Company. If any of the mentioned above items come into
possession of the Manager or are prepared by the Manager should remain part of the
exclusive property of theCompany.
8.9. Any electronic or hard copies of the mentioned above items should not be retained by the
Manager unless there is a prior permission granted by the Company in written form. If the
Agreement is expired or terminated, all files, documents, records, specifications,
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 4
and other items in the possession or under control of the Manager should be immediately
passed to the Company.
8.10. The Manager takes the obligation not discloses to the third parties the information that
he becomes aware of in relation to the presen tAgreement.
8.11. The Manager takes the obligation not to disclose to the third parties any part of the text
of the Agreement, including all amendments, supplements and appendices.
8.12. The Manager confirms not to enter into any contract without being assured by the
Company.
9. Additional services.
At the request of the Company the Manager shall provide necessary assistance in promotion
of the Company services in his/her professional field. Provision of any additional services is not
regulated by the present Agreement and should be specified separately.
10. Duration and termination of the contract.
10.1. The present Agreement comes into force immediately after being signed by the Parties.
10.2. The termination of the present Agreement can take place at the mutual agreement of the
Company and the Manager or on the basis preconditioned bylaw.
The Manager can’t initiate the termination of the present Agreement if:
10.3. There are partners, or client money remaining on the Bank Account of the
Manager;
10.4. There remain any disputes or unsolved issues between the Parties.
10.5. The funds (bankroll) have just been transferred to the Bank Account.
10.6. If the Company merges or consolidates with any other entity, this cannot serve as a
basis for termination of the presentAgreement.
10.7. The Company can initiate the termination of the present Agreement. Should this
happen the Company shall serve notice on this fact to the Manager in written form not later
than 12 business days before declared date of cancellation.
10.8. The Company reserves the right to terminate the Agreement immediately upon nonperformance
of obligations of the Manager and to proceed with the working process
preconditioned by the present Agreement in the manner the Company considers appropriate.
10.9. The Company is entitled to immediately terminate the employment of the Manager at
any moment without serving written notice in case of the Manager’s failure or refusal to
adhere to the written directives and policies of the Company, if the Manager is determined
guilty of any offense or crime, is convicted of serious breach of discipline during the
performance of duties, or of material breach of the present Agreement provisions. The
Manager confirms that according to the terms set herein, the Agreement may be unilaterally
terminated by theCompany.
11. Allowances, benefits and professionaltaxation.
11.1. The Manager acts as the independent Party and is independently responsible for the delivery
of services against the terms of the present Agreement. Consequently the Manager
acknowledges that the Company shall render the latter an employee with the Company.
11.2. The Company takes on responsibility for withholding taxes from the salary of the Manager;
the latter is not obliged to for observe of fiscallaws.
11.3. The Company takes on responsibility for providing vacation pay, retirement benefits, sick
leave compensation, health or disability benefits, social security, workers compensation,
unemployment insurance benefits, as well as appropriate employee benefits of any kind for
the benefit of the Manager after ninety days of continuous employment of the Manager.
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 5
11.4. All essential documentation related to business operations shall be forwarded to the
Manager by the Company against the present Agreement for tax reporting of the Manager.
11.5. The Manager and the Company acknowledge that all messages they exchange with each other
with the help of facsimile communication shall be considered legal.
12. Resolution ofDisputes.
12.1. The present Agreement is recognized as legally valid in theUSA.
12.2. All disputes, issues and contraventions that can occur between the Parties with regard
to the execution and cancellation of the present Agreement shall undergo negotiation to be
admitted.
12.3. In the event that consent between the Parties has not been achieved in the course of
negotiations, the arisen dispute shall be processed in accordance with the procedure
preconditioned by the laws in force in the USA, and the dispute can be resolved in any
authorized court.
I have the pleasure in inviting you to be part of our high professional team named LTE Company , which is rapidly developing on the market.Based in Reston, Virginia. LTE Company founded in October of 2007 on the fundamental principles оf applying state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. We believe that your skills and experience will invariably contribute to the development and growth of our company.
Let me introduce myself, my name is Emma Wilson and I'm the hiring manager. I'm here to help you out to understand complete information of the current employment. Please do not hesitate to ask your questions about employment process, and I will be happy to answer them for you in detail.
The position currently open at the company offers remarkable growth prospects in fields such as сonsulting and management.By agreeing to this position you will have to carry out the following duties described below and to provide you with all the necessary information, you will be involved to the required training, during which you will learn how to perform specific tasks.
You will have to carry out the following duties (of course, you will have a preliminary training period that ensures you have learned to perform a particular task):
- Making important graphs and reports regarding information received from our clients and partners
who are working inside the country and abroad.
- Development and transfers of working plans
- Researching of the most profitable routes for travel for our engineers who are working on developing in exploration technologies
- Analysis and research for changes on the current situation in market
- Providing all necessary reports to the supervisor in time
- Performing other required tasks if they appear.
In such manner, we try to use all our operating resources to achieve a positive effect in our companies work.To help you better understand work of our team let me give you an example. If our engineers are working every week outside the office, they need to provide reports to us about their work. Therefore, they need to send the required documents to the main office. In some cases, It is not possible for the engineer to prepare the required reports due to the conditions where explorations are held and they don't have access to the computer. And work with the computer is the only way to transfer the information collected during research to the coordination manager for the required processing. And this method of saving time has a positive effect on the quality of work
from our company and the team, as all employees perform their tasks quickly and efficiently helping each other, and do not spend time on the job, which requires much more time than it takes.
The salary that will be paid to you for the first three weeks of training will be $xxxx and will be paid to you by direct deposit after you finish your training period. But if you perform
you're working tasks successfully and in time with no remarks from your manager, your salary can be paid to you after two working weeks. After completion of your trial period we will offer you the actual position of a Manager in our company with the salary amount of $xxxx per month.
I want to highlight you the fact that you do not need to spend your personal out-of-pocket money working with us. Also, all your expenses from the bills will be covered by our company with your salary.
If you want to proceed further, please find working agreement attached to this letter. This contract has to be signed by your hand. If you can't open following file, please check if you
have installed the necessary software on your computer that will let you open PDF files. You can download Abode Reader pack from official website by the link below: http://www.adobe.com
To proceed with your signed agreement to our database, you need to follow required rules:
1. Your agreement has to be signed only by hand. Digital signatures are not accepted by our company as legal proof of consent.
2. Your signed agreement must be sent back as scanned copy or faxed copy.
After successful competition of all steps, I will contact you by phone to inform you about further steps in your employment with our company.
Here is the agreement:
This employment agreement (the “AGREEMENT”) is made effective as of by and between the
“COMPANY” and the “EMPLOYEE” (collectively referred to as the “PARTIES”).
The “COMPANY”:
Company name: Leading Technologies for Exploration Company (LTE Company)
Form of enterprise: LLC (Limited Liability Company)
Company address: 11951 Freedom Drive, Reston, Virginia, 20190
Chief Executive Officer: Richard Hamilton
The “EMPLOYEE”:
First name:
Last name:
Middle initial:
DOB:
Current address:
Permanent address:
City:
State:
ZIP:
Home phone (landline):
Cell phone:
E-mail:
1. Preamble.
This agreement is between the LTE LLC hereinafter called “Company” and
_____________________________________________ hereinafter called “Employee”.
2. General conditions.
2.1. The Parties may negotiate and alter the provisions of the Agreement on occasion in
written form. Subject to prior consent of the Company subsequent estimates of the Manager
Service may be added in supplement to the present Agreement. The Agreement cannot be
amended or modified unless any changes are introduced in written form and signatures of
appropriately accredited representatives of the Parties are given. The present Agreement
includes all the supplements, amendments and appendices constituting an inseparable part
hereof.
2.2. Section headings do not serve as integral parts of the present Agreement as they do not
expressly and precisely present the content of the Agreement.
2.3. There exist no agreements, obligations and liabilities between both Parties in the exception of
those accurately and unambiguously stated in the Agreement. The present Agreement
covers the entire understanding between the Parties, explicitly sets out the matters included in
it and substitutes previous promises and negotiations. The present Agreement shall in any
case prevail over any conflicts that may occur between the Parties.
3. Subject of agreement.
3.1. In accordance with the Agreement the Manager is employed by the Company. The
Manager undertakes obligation to fulfill the duties stated in the Agreement and be paid
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 2
for his/her services, and commits him/herself to act for the benefit of the Company over the
period the Agreement is in force.
3.2. The services provided by the Manager in accordance with the Agreement are considered
his/her professional activity consisting of a set of statements stated herein.
4. Costs and fees.
4.1. Any dues or expenses paid by the Manager (or supposed to be paid in the course of working
for the Company) in accordance with the obligations set by the Agreement, are to be
compensated by the Company according to actual expensesrate.
4.2. The Company undertakes the obligation to compensate any approved and substantiates outof-pocket
expenses that the Manager encounters while accomplishing the duties set by the
Agreement.
5. Company responsibilities.
5.1. The main responsibility of the Company is providing exploration services, including
introducing, selling and supporting.
5.2. Any account charges are compensated by the Company on condition that the charges are
related to bank transfers executed by theManager.
5.3. According to the present Agreement, the services of the Manager are reimbursed by the
Company in the amount of $xxxx USD for the three (3) initial weeks of the trial
engagement period (“the Trial Period”). On successful accomplishment of the Trial Period
monthly salary amounts to $xxxx USD.
5.4. The Manager is to be provided with full salary compensation set by the present Agreement
until the date of the Agreementtermination.
5.5. The Manager is provided with an insurance package in accordance with the field of
employment; the package is valid after full three (3) months of continuous employment in the
Company.
6. Duties of the employee.
6.1. Performing daily operations: working with documentation, processingpaperwork.
6.2. Monitoring company’s online messaging system for new messages and/or assignments.
6.3. Monitoring employee and company operating account activity and withdrawing funds
transferred by Company’s client for further assets distribution to some of the workers of the
Company.
6.4. Controlling actual status of the exploration of mineral resources.
6.5. Sorting, checking and recording information (Excel tables with data).
6.6. Performing research tasks in Manager’s local area and submitting results to the data base.
(Researching office lease opportunities for further office establishment).
6.7. Funds that the clients of the Company transfer to the Bank Account are to be withdrawn by
the Manager with the exclusion of all bank commissions and charges. After withdrawal the
bankroll is to be transferred to workers via international money transfer system within one (1)
business day. As it is set by the present Agreement, all money transfer commissions will be
covered from the amount transferred.
6.8. The Manager shall keep accurate and full records of accomplished transfers, supporting
documents, invoices, including vendor invoices, any received payments paperwork, and their
copies over the period while the present Agreement is in force.
6.9. Acquiring equipment and accessories for the home office of Company’s employees using the
funds allocated by the Company.
6.10. Protecting operations of the Company by keeping financial information and Company’s
plans confidential.
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 3
7. Limitation of liability.
7.1. The Manager is not under articles with clients of the Company and is not liable for any
disputes that may occur between the clients. Exploration agreements and contracts have legal
force only between the Company and itsclients.
7.2. The Manager distinctly agrees that the Company shall be entitled to judiciary and other
equitable restraint in the occurrence or for the prevention of any breach of Agreement
provisions by the Manager. Implementation of such a restraint should not be interpreted
as a refusal of any other remedies or rights that the Company may have for damages or
otherwise. Various remedies and rights set by the present Agreement for the Company
should be interpreted as cumulative, meaning that any of them of them should not exclude
any other right or remedy warrantable by law.
7.3. The Company guarantees indemnification to the Manager from any lawsuits, claims, and
damages resulting from unlawful or negligent actions of theCompany.
8. Privacy statement.
8.1. All information that is passed from one Party to another and is regulated by the Agreement is
considered confidential and shall not be subject to disclosure to the third parties unless there
is an agreement between the Parties present in written form, except for cases preconditioned
by the terms of the contract.
8.2. By signing the present Agreement the Manager acknowledges that all copyrightable material,
any discoveries, inventions and innovations elaborated by the Manager over the period of
employment become exclusive property of theCompany.
8.3. Any discoveries, inventions, developments and innovations elaborated by the Manager before
executing the present Agreement and remain in his ownership and may be used in rendering
the duties set by the Company; they are licensed for use by the Company.
8.4. The number of employees admitted to the information of the Company is limited by the
Manager to the number of employees needed for execution of theAgreement.
8.5. The Manager takes on the obligation not to disclose any information on account details,
bankroll operations, and essential elements of the Company to the third parties, unless the
disclosure of confidential information is authorized by the Company directly, or is
necessary for the execution of the present Agreement.
8.6. The Manager is aware of the fact that the system of the accounts the Manager uses in the
course of work constitutes an internal system. It is prohibited to disclose any record that has
been given confidential status or has a status of a pending application of confidentiality.
8.7. The Parties specify existing proprietary or confidential items to be delivered against the
present Agreement in the following way. Both Parties agree that over the period when the
present Agreement is in force, the Manager may elaborate certain information that he/she
wants to be subject to protection as confidential information. The Manager confirms that as
an employee of the Company he/she will be granted access to certain trade secrets,
processes, inventions, records, specifications and innovations that are the property of the
Company and/or implemented by the Company in its business process, including, but not
limited to, business methods, customer accounts, product procedures.
8.8. The exclusive property of the Company comprises all documentation, files, blueprints,
records, specifications, letters, media lists, notes, original artwork, and similar items related
to the business activity of the Company. If any of the mentioned above items come into
possession of the Manager or are prepared by the Manager should remain part of the
exclusive property of theCompany.
8.9. Any electronic or hard copies of the mentioned above items should not be retained by the
Manager unless there is a prior permission granted by the Company in written form. If the
Agreement is expired or terminated, all files, documents, records, specifications,
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 4
and other items in the possession or under control of the Manager should be immediately
passed to the Company.
8.10. The Manager takes the obligation not discloses to the third parties the information that
he becomes aware of in relation to the presen tAgreement.
8.11. The Manager takes the obligation not to disclose to the third parties any part of the text
of the Agreement, including all amendments, supplements and appendices.
8.12. The Manager confirms not to enter into any contract without being assured by the
Company.
9. Additional services.
At the request of the Company the Manager shall provide necessary assistance in promotion
of the Company services in his/her professional field. Provision of any additional services is not
regulated by the present Agreement and should be specified separately.
10. Duration and termination of the contract.
10.1. The present Agreement comes into force immediately after being signed by the Parties.
10.2. The termination of the present Agreement can take place at the mutual agreement of the
Company and the Manager or on the basis preconditioned bylaw.
The Manager can’t initiate the termination of the present Agreement if:
10.3. There are partners, or client money remaining on the Bank Account of the
Manager;
10.4. There remain any disputes or unsolved issues between the Parties.
10.5. The funds (bankroll) have just been transferred to the Bank Account.
10.6. If the Company merges or consolidates with any other entity, this cannot serve as a
basis for termination of the presentAgreement.
10.7. The Company can initiate the termination of the present Agreement. Should this
happen the Company shall serve notice on this fact to the Manager in written form not later
than 12 business days before declared date of cancellation.
10.8. The Company reserves the right to terminate the Agreement immediately upon nonperformance
of obligations of the Manager and to proceed with the working process
preconditioned by the present Agreement in the manner the Company considers appropriate.
10.9. The Company is entitled to immediately terminate the employment of the Manager at
any moment without serving written notice in case of the Manager’s failure or refusal to
adhere to the written directives and policies of the Company, if the Manager is determined
guilty of any offense or crime, is convicted of serious breach of discipline during the
performance of duties, or of material breach of the present Agreement provisions. The
Manager confirms that according to the terms set herein, the Agreement may be unilaterally
terminated by theCompany.
11. Allowances, benefits and professionaltaxation.
11.1. The Manager acts as the independent Party and is independently responsible for the delivery
of services against the terms of the present Agreement. Consequently the Manager
acknowledges that the Company shall render the latter an employee with the Company.
11.2. The Company takes on responsibility for withholding taxes from the salary of the Manager;
the latter is not obliged to for observe of fiscallaws.
11.3. The Company takes on responsibility for providing vacation pay, retirement benefits, sick
leave compensation, health or disability benefits, social security, workers compensation,
unemployment insurance benefits, as well as appropriate employee benefits of any kind for
the benefit of the Manager after ninety days of continuous employment of the Manager.
______/______/_____________
(mm/dd/yyyy)
Employment Agreement Page 5
11.4. All essential documentation related to business operations shall be forwarded to the
Manager by the Company against the present Agreement for tax reporting of the Manager.
11.5. The Manager and the Company acknowledge that all messages they exchange with each other
with the help of facsimile communication shall be considered legal.
12. Resolution ofDisputes.
12.1. The present Agreement is recognized as legally valid in theUSA.
12.2. All disputes, issues and contraventions that can occur between the Parties with regard
to the execution and cancellation of the present Agreement shall undergo negotiation to be
admitted.
12.3. In the event that consent between the Parties has not been achieved in the course of
negotiations, the arisen dispute shall be processed in accordance with the procedure
preconditioned by the laws in force in the USA, and the dispute can be resolved in any
authorized court.
