Executive Employment Agreement Essay

773 Words Dec 4th, 2013 4 Pages
Executive Employment Agreement

Executive Employment Agreement dated March 1, 2013, is between Healthy Hearts Inc., a Michigan corporation (the “Employer”) and Adel Administrator (the “Employee”).

Employer wishes to employ Employee and Employee wishes to work for the Employer in accordance with the terms of this Agreement.

Accordingly, the parties agree as follows:

Article 1. Definitions

1.1 Definitions. As used in this Agreement, the following terms have the meanings set forth below:

1.1.1 ” Salary” means $25,000 per month payable in accordance with Employer’s generally applicable payroll practices for employees with similar responsibilities. 1.1.2 “Employment Term” means the 3 year period beginning on
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3.1.3 No Conflicts. The Executive may enter into an employment agreement with the Employer without breaching the Holistic Agreement.

3.2 Credentials. The Executive received her A.B. from Brown University in 1990 and received her M.D. from Harvard University in 1994. Employee is currently enrolled in the MBA program at Fordham University and is specializing in Hospital Administration. She is schedule to receive her MBA before her employment under this Agreement begins.

Article 4. Covenants of the Employee

The Employee agrees that:

4.1 MBA Award. The Employee shall be awarded her MBA specializing in Hospital Administration from Fordham University by the first day of the Employment Term.

4.2 Job Focus. The Employee shall devote her attention and energies on a full time basis to the Employer.

4.4 Duties. The Employee shall perform all the duties including but not limited to those customary for an officer of a corporation holding the office of Chief Executive Officer.

Article 5. Covenants of the Employer

The Employer agrees that:

5.1 Administrative Assistant. The Employer shall hire Samuel Samaritan as the Employee’s Administrative Assistant no later than March 31, 2013.

Article 6. Conditions to the Employees Obligations

The Employee is obligated to perform her obligations that this Agreement contemplates only if the following conditions have been satisfied on or before the first day of the Employment
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