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Employment Agreement

Employment Agreement

Employment Agreement | Document Parties: TELEMETRIX INC You are currently viewing:
This Employment Agreement involves

TELEMETRIX INC

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Title: Employment Agreement
Governing Law: Delaware     Date: 7/2/2004
Industry: Communications Equipment     Sector: Technology

Employment Agreement, Parties: telemetrix inc
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Exhibit 10.19
 
 
                              
Employment Agreement

 
 
     
Agreement made this 15th day of June 2004, by and between
Telemetrix, Inc.,
a corporation organized and existing under the laws of the State of
Delaware,
with its principal office located at 300 Village Green Circle,
Suite 201,
Smyrna, Georgia, 30080 referred to in this agreement as the
company, and Richard
Dineley, of 1628 Four Lakes Drive, Madison, Georgia 30650, referred
to in this
agreement as the employee.
 
 
                    
        
I. EMPLOYMENT AND DUTIES
 
     
The company
  
employs the employee in the capacity of President and CEO and
to perform such other duties consistent with his executive status,
as may be
determined and assigned to him by the board of directors of the
company.
 
 
                                 
II. PERFORMANCE
 
     
Employee agrees to devote a mutually agreed upon amount of his time
and
efforts to the performance of his duties as President and CEO and
to the
performance of such other duties consistent with his executive
status as are
assigned to him from time to time by the directors of the company.
 
 
                                    
III. TERM
 
     
Except in the case of earlier termination, the term of this
contract shall
be for twelve months, commencing June 15, 2004, and subject to
performance
review in six months, giving due consideration to the company's
financial
condition. This agreement may be terminated by either party during
the term upon
thirty days written notice. Such notice shall be delivered as
follows:
 
If to the Company:
          
with a copy to:
             
If to the Employee:
 
Geoff Girdler
               
Richard L. West
             
Richard Dineley
Telemetrix, Inc.
            
West Law Firm, LLC
          
1628 Four Lakes Drive
300 Village Green Circle
    
245 Park Ave., 39th Fl.
     
Madison, GA 30650
Smyrna, GA 30080
            
New York, NY 10167
          
(706) 752-0643 - fax
(801) 849-4802
              
(917) 591-3145 - fax
 
 
 
                                
IV. COMPENSATION
 
     
For all the services to be rendered by employee in any capacity
under this
agreement, including services as President and CEO, or any other
duties assigned
to him by the directors of the company, the company agrees to pay
employee:
 
          
1.
   
A salary of $200,000 
per annum
; and
          
2.
   
A number of options to purchase 500,000 common shares of the
               
company's stock upon execution of this agreement at a strike
               
price equal to the fair market value of the stock at the time of
      
         
grant. The granting of options pursuant to 

 
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