Exhibit 10.1
EMPLOYMENT
AGREEMENT
Employment Agreement ("Agreement") made and
entered into as of May 27, 2008 by and between FindItAll, Inc., a
Nevada corporation with offices at 41 Owatonna Street, Haworth, New
Jersey 07641 (the "Company"), and Corie Weisblum, an individual
residing at 41 Owatonna Street, Haworth, New Jersey 07641 (the
"Executive").
The Executive is being employed by the Company
as President, Treasurer and Secretary. The parties
desire to enter into an employment agreement and to set forth
herein the terms and conditions of the Executive's continued
employment by the Company and its subsidiaries.
NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth herein and the mutual benefits
to be derived here from, the Company and the Executive agree as
follows:
1.
Employment.
(a)
Duties. The Company shall employ the Executive,
on the terms set forth in this Agreement, as its President,
Treasurer and Secretary. The Executive accepts such
employment with the Company and shall perform and fulfill such
duties as are assigned to her hereunder consistent with her status
as a senior executive of the Company devoting her best efforts and
a substantial portion of her time and attention to the performance
and fulfillment of her duties and to the advancement of the
interests of the Company, subject only to the direction, approvals,
control and directives of the Company's Board of Directors (the
"Board"). Nothing contained herein shall be construed,
however, to prevent the Executive from trading in or managing, for
her own account and benefit, in stocks, bonds, securities, real
estate, commodities or other forms of investments (subject to law
and Company policy with respect to trading in Company securities)
or engaging in any other business or
occupation. Unless otherwise indicated by the
context, the term "Company" shall include the Company and all its
subsidiaries.
(b)
Place of Performance. In connection with her
employment by the Company, the Executive shall be based at the
Company's principal place of business in New Jersey, except when
required for travel on Company business.
2.
Term . The Executive's employment under
this Agreement shall commence as of May 27, 2008 (the "Commencement
Date") and shall, unless sooner terminated in accordance with the
provisions hereof, continue uninterrupted for thirty-six (36)
months ("Term"). As used herein "Year" shall refer to a
twelve month period ending the last day of
February. Unless notice of non-renewal is given by
either party at least sixty (60) days prior to the end of the Term
or prior to the end of any Year thereafter, the Term of this
Agreement shall be automatically extended for an additional period
of one year. Compensation for successive terms shall be
agreed upon by the parties.
3.
Compensation . Executive shall receive 1,000,000
shares of the Company’s $.0001 par value common stock as
compensation for this Term. Additional compensation will
be agreed upon for extension of the Term.
4.
Insurance .
(a)
Health Insurance and Other Benefits . During the
Term, the Executive shall be entitled to all employee benefits
generally offered by the Company to its executive officers and key
management employees, including, without limitation, all pensions,
profit sharing, retirement, stock option, salary continuation,
deferred compensation, disability insurance, hospitalization
insurance, major medical insurance, medical reimbursement, survivor
income, life insurance or any other benefit plan or arrangement
established and maintained by the Company, subject to the rules and
regulations then in effect regarding participation
therein. As of the date of this Agreement, the Company
offers none of the foregoing to its employees.
(b)
Keyman Insurance . The Company may obtain keyman
life insurance upon the life of the Executive in amounts to be
determined from time to time by the Company.
5.
Expenses . The Executive shall be reimbursed for
all items of travel, entertainment and miscellaneous expenses that
the Executive reasonably incurs in connection with the performance
of her duties hereunder, provided the Executive submits to the
Company such statements and other evidence supporting said expenses
as the Company may reasonably require.
6.
Vacation . The Executive shall be entitled to not
less than four (4) weeks of vacation in any calendar
year. Any unused vacation time in a year shall be
accumulated and increase the amount of vacation time in subsequent
years.
7.
Termination of Employments .
(a)
Death or Total Disability . In the event of the
death of the Executive during the Term, this Agreement shall
terminate as of the date of the Executive's death. In
the event of the Total Disability (as that term is defined below)
of the Executive for sixty (60) days in the aggregate during any
consecutive nine (9) month period during the Term, the Company
shall have the right to terminate this Agreement by giving the
Executive thirty (30) days' prior written notice thereof, and upon
the expiration of such thirty (30) day period, the Executive's
employment under this Agreement shall terminate. If the
Executive shall resume her duties within thirty (30) days after
receipt of such a notice of termination and continue to perform
such duties for four (4) consecutive weeks thereafter, this
Agreement shall continue in full force and effect, without any
reduction in Base Salary and other benefits, and the notice of
termination shall be considered null and void and of no
effect. Upon termination of this Agreement under this
Paragraph 7(a), the Company shall have no further obligations or
liabilities under this Agreement, except to pay to the Executive's
estate or the Executive, as the case may be, (i) the portion, if
any, that remains unpaid of the Base Salary for the Year in which
termination occurred, but in no event less than six (6) months'
Base Salary; and (ii) the amount of any expenses reimbursable in
accordance with Paragraph 4 above, and any automobile allowance due
under Paragraph 5 above; and (iii) any amounts due under any
Company benefit, welfare or pension plan. Except as
otherwise provided by their terms, any stock options not vested at
the time of the termination of this Agreement under this Paragraph
7(a) shall immediately become fully vested.
The term "Total Disability" as used herein,
shall mean a mental or physical condition which in the reasonable
opinion of an independent medical doctor selected by the Company
renders the Executive unable or incompetent to carry out the
material duties and responsibilities of the Executive under this
Agreement at the time the disabling condition was
incurred. In the event the Executive disagrees with such
opinion, the Executive may, at her sole expense, select an
independent medical doctor and, in the event that doctor disagrees
with the opinion of the doctor selected by the Company, they shall
select a third independent medical doctor, and the three doctors
shall, by majority vote, determine whether the employee has
suffered Total Disability. The expense of the third
doctor shall be shared equally by the Company and the
Executive. Notwithstanding the foregoing, if the
Executive is covered under any policy of disability insurance under
Paragraph 3(c) above, under no circumstances shall the definition
of Total Disability be different from the definition of that term
in such policy.
(b)
Discharge for Cause. The Company may discharge
the Executive for "Cause" upon notice and thereby immediately
terminate her employment under this Agreement. For
purposes of this Agreement, the Company shall have "Cause" to
terminate the Executive's employment if the Executive, in the
reasonable judgment of the Company, (i) materially breaches any of
her agreements, duties or obligations under this Agreement and has
not cured such breach or commenced in good faith to correct such
breach within thirty (30) days after notice; (ii) embezzles or
conver
