Exhibit 10.2
Form of Employment Agreement
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT
AGREEMENT ("Agreement") is entered into effective the
20th day of October, 2009, between Apollo Entertainment Group,
Inc., a Florida
corporation ("Employer") and Sigfried M. Klein, ("Employee").
It is agreed as
follows:
1. Employment.
Employer employs Employee, and Employee accepts
employment, upon the terms and conditions set forth in this
Agreement.
2. Term. This
Agreement begins on October 20th, 2009, and continues
until terminated by, either party in compliance with this
Agreement's provisions
governing termination.
3.
Compensation.
a. Salary. Employer will pay Employee a monthly salary of
Three Thousand ($3,000) during the term of this Agreement. The
salary will be
paid in accordance with Employer's existing payroll policies for
comparable
employees. Employee's compensation will be subject to prospective
review by
Employer in its sole discretion.
b. Fringe Benefits. Employee may receive bonuses during the
term of employment as determined by Employer, in its sole
discretion. Employee
will be entitled to participate in all other fringe benefit
programs applicable
to comparable employees of Employer. Employer may amend, eliminate,
or add to
the existing fringe benefit programs in its sole discretion.
4. Duties.
Employee will be employed initially as President of
Employer, and in such additional or other capacities and offices as
may be
assigned by Employer from time to time.
a. The President will have the general powers and duties of
supervision and management usually vested in the office of the
President of the
Corporation. The President will not have authority execute any
contracts on
behalf of the Corporation without the express written consent of
the board of
directors.
5.
Indemnification. The Company will indemnify the Employee to the
fullest extent permitted under the 2009 Florida Statutes, Chapter
607, titled,
"Corporations" Indemnification of officers, directors, employees
and agents", as
amended.
6. Vacation
Benefits. Employee is entitled to vacation periods with
full pay in accordance with established Employer policy. Vacation
will be
scheduled by mutual agreement; however, Employee will be allowed
sufficient
discretion in scheduling to assure the vacation benefit may be
used. Any
vacation which is not used within the calendar year during which it
is earned
will be forfeited.
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7. Expenses.
During the term of employment, Employee is entitled to
reimbursement for reasonable business expenses incurred on behalf
of Employer in
accordance with the policies and procedures established by Employer
from time to
time. Compensation provided Employee under this Agreement takes
into account
Employee's personal obligation to incur and pay certain additional
expenses
required of Employee as an employee of Employer for which Employer
is under no
obligation to reimburse Employee.
8. Employment at
Will. This is an agreement for employment of
indefinite duration. The employment relationship may be terminated
at will by
either party. Termination by either party must be made by written
notice to the
other party given at least 14 days in advanc
