EXHIBIT
10.6
EMPLOYMENT CONTRACT
THIS ACREEMENT
made and entered in to this 2nd day of
January, 2001
between
Equity Technologies & Resources, Inc. a Delaware corporation,
its successors and
assigns with its
principal place of business at 1050 Chinoe
Road, Suite 304
Lexingon, Kentucky
40502 (hereinafter
referred to as
Corporation)
and James
Kemper Millard of Lexington, Fayette County, Kentucky (hereinafter referred
to
as "Employee"):
WHEREAS. Employee is the Vice-President for Strategy and
Development of the
Corporation and is responsible for developing the busincss of said
Corporation;
and,
WHEREAS. Corporation believes that the future services of the
Employee will
be of great value to the Corporation; and,
WHEREAS. Employee is
willing to continue in the employ of thc Corporation
for two (2) years,
subject to renewal
of this Contract at the option of the
Employee; and,
NOW,
THEREFORE,
in consideration of the premises and other good and
valuable consideration, the receipt of all of which is
acknowledged, the parties
have agreed as follows:
|. Duties During
Employment Period.
The Corporation
hereby employs
Employee
uro). and Employee
agrees to serve the Corporation as Vice-President for
Strategy and Development during the period beginning
January 2, 2001.
and
ending December 3l,
2003. Employee shall
devote such time,
attention and
energies to the
business of the Corporation as shall be reasonably
necessary to discharge
his duties under this
Agreement. Emploryee
shall
carry out such
executive services
and duties as shall be
assigned to him
from
tine to time by the officers of the corporation, provided such
services and
duties do not impose
time demands on Employee which are
unreasonable,
burdensome, and
provided further, that only for purposes of
determining whether
there has been a
violation under
paragraph 7 below.
Employee shall not be
expected to perform duties substantially different
from
thoes performed by Employee prior to the date hereof.
2. Restriction
on Competition. Employee agrees that during the term of
his
employment he will
not, unless
acting the prior
written consent of the
Corporation, directly or indirectly, own, manage, operate, join,
control or
participate in the
ownership,
management,
operation or control
of or be
connected as an officer, employee partner with any business
engaged in the
same
business of the
Corporation. The
Employee agrees that
the remedy at
law
for any breach
of the foregoing will be inadequate and that the
Corporation shall be entitled to temporary and permanent
injunctive relief
without the necesity of proving actual damage to the
Corporation.
3. Compensation.
The Corporation shall pay to Employee and
Emplo]ee shall
accept from the Corporation, for his serviccs dunng the
Emplolment Period,
compensation at the
minimum rate of
$l20,000.00 per annum
until C-Shell
Corporation LLC
becomes profitable
and able to pay
Employees salary of
$30,000.00 per annum
aftcr which the
compensation
from the Corporation
shall be $90,000.00 per annum which shall be payable in equal
ins
