EMPLOYMENT
AGREEMENT
THIS AGREEMENT,
made and entered into this April 6 th day of 2009, by and between OptimizeRx
Corporation, a Nevada Company, hereinafter referred to as
“Employer” and David Lester, hereinafter referred to as
the “Employee”.
Recitals
The Employer is
engaged in the business of internet marketing, sales, and product
promotion, and desires the Employee as Chief Executive
Officer
IT IS THEREFORE
AGREED:
Term of
Employment
1. The Employer
hereby employs the Employee and the Employee hereby accepts
employment with the Employer beginning on the 6
th day of April 2009.
Duties of
Employee
2. AS CEO, you are
responsible for the overall planning and execution of the company,
including directing management to reach the corporate goals and
objectives as outlined by the board. See Appendix
A: CEO Job Description for further details of overall
responsibilities.
Change in
Duties
(c) The
principal duties of the Employee, as specified in Paragraph 2 of
this Agreement, may be changed at any time by the mutual consent of
the Employer and the Employee. Notwithstanding any such
change, the employment of the Employee shall be construed as
continuing under this Agreement as modified.
Effect of
Disability
(d) If the Employee at any time
during the term of this Agreement should be unable to perform his
duties under this Agreement because of
Personal
injury, illness, or any other cause, the Employer may assign the
Employee to other duties, and the compensation to be paid
thereafter to the Employee shall be determined by the Employer in
its sole discretion. If the Employee is unwilling to
accept the modification in duties and compensation made by the
Employer, or if the Employee’s inability to perform is of
such extent as to make a modification of duties hereunder not
feasible, this Agreement shall terminate within 90 days.
Place of
Performance
3. At the
commencement of this employment, the Employee shall perform his
duties at the office of the Employer located at 407 Sixth Street,
Rochester, MI 48307. However, at any time
deemed necessary or advisable by the Employer for business
purposes, the Employee shall work at such other place or places as
may be determined by the Employer.
Hours of
Employment
4. The Employee shall
work 8+ hours daily during the periods to be designated by the
Employer and 5 days each week, for a total of 40+ hours per week
actually devoted to the business of the Employer.
Engaging in Other
Employment
5. The Employee shall
devote his entire productive time, ability, and attention during
the normal business hours to the business of
Employer. The Employee shall not, during the term of
this Agreement, directly or indirectly, render any services of a
business, commercial, or a professional nature, whether for
compensation or otherwise, to any person or organization which
competes, directly, or indirectly, with the business of the
employer, without the prior written consent of the
Employer.
Compensation
6. As compensation
for services rendered under this Agreement, the Employee shall be
entitled to receive from the Employer a salary of $150,000 per
year, payable in semi-monthly installments in which such payment
becomes due, prorated for any partial employment
period. In addition, David Lester is eligible for
additional quarterly and annual bonus compensation, stock options
and stock grants based on performance metrics outlined by the board
of directors. This includes stock options of 500,000 at
hire, with 25% immediately vested and 25% vested after completion
of each quarter hire.
Employee Benefit
Plans
7. The Employee shall
be entitled to participate in any qualified pension plan, qualified
profit-sharing plan, medical or dental reimbursement plan, group
term life
insurance plan,
or any other employee benefit plan which is presently existing or
which may be established in the future by the
Employer. Such right to participation shall be in
accordance with the terms of the particular plans
involved.
Paid
Vacations
8. The Employee shall
immediately have an annual vacation leave of 3 weeks in 2009 and 4
weeks within the following calendar at full pay. The
time for such vacation shall be selected by