TERMINATION AGREEMENT
THIS
TERMINATION AGREEMENT (this "Agreement") is made and
entered into
this 5th day of October, 2007, by and between AMISH NATURALS,
INC., a Nevada
corporation ("ANI") and DONALD ALARIE, an individual ("Mr.
Alarie"), based
on the following:
Premises
Mr.
Alarie entered into an Employment Agreement with ANI on
October 16, 2006 and has
served as the Vice President/Sales & Marketing of ANI
through current day. On October
5, 2007, it has been the decision of the corporation to
terminate the Mr. Alarie's employment
pursuant to 4. Termination or Expiration of Agreement
of said Employment Agreement.
Mr.
Alarie currently holds options (the "Options") to acquire
250,000 shares of ANI common
stock, 100,000 of which are fully vested and can be exercised
at $1.00 per share; however,
the remaining 150,000 shares are not vested and according to
4.4 of the Employment
Agreement dated October 16, 2006, options shall cease vesting
on the date of
termination of Executive's employment. Mr. Alarie has until
October 30, 2011 to exercise
the options at 100,000 shares.
ANI
agreed on October 5,2007 to pay Mr. Alarie severance
equivalent to 6 months of base
salary, paid on regularly scheduled pay periods over said 6
month period, less applicable
withholdings as defined in 1. below.
Mr.
Alarie acknowledges that this Agreement is considered a
release of any and all claims
against ANI and Mr. Alarie accepts this separation package
in-full with no further obligation
on ANI's part. Further, Mr. Alarie agrees to cooperate fully
with ANI to turn over
any and all sales contacts, contracts, leads, materials,
files, records, lap top computer,
equipment, keys and any and all other materials that are the
property of ANI that
he has been developed and/or implemented during his employment
tenure. Mr. Alarie
further acknowledges and agrees to comply with all of the
terms of the Employee Confidentiality
and Non-Disclosure Agreement and Addendum To: Employee
Non- Disclosure
Agreement after employment cessation.
Agreement
NOW,
THEREFORE, based on the foregoing premises, which are
incorporated herein by this reference, and for and in
consideration of the mutual promises and covenants hereinafter
set forth and the benefit to the parties to be derived
therefrom, it is hereby agreed as follows:
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1.
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Severance . In connection with the
termination of Mr. Alarie's employment and position
with ANI:
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1.1
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ANI
agrees to pay Mr. Alarie severance equivalent to 6 months of
base salary,
paid on regular scheduled pay periods over said 6 month period,
less applicable
withholdings. Said severance will be paid from October 5,
2007 through
April 4,2008 (26 weeks). Mr. Alarie has used 10 days of vacation
and has 5 vacation days remaining. These 10 days of vacation will
be included in Mr. Alarie's final pay.
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1.2
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Mr.
Alarie currently holds options to acquire 250,000 shares of ANI
common stock,
100,000 of which are fully vested and can be exercised at $1.00
per share;
however, the remaining 150,000 shares are not vested and according
to 4.4
of the Employment Agreement dated October 16, 2006, options
shall cease
vesting on the date of termination of Executive's employment.
Mr. Alarie
has until October 30, 2011 to exercise the options at 100,000
shares.
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1.3
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With
regard to Mr. Alarie's medical and life plans, ANI does not meet
the law
requirements for rights granted under Cobra eligibility for
2007. Therefore,
ANI will pay the current monthly premium for the medical and
life
plans through the end of October 2007. Thereafter, Mr. Alarie's
coverage will
end with no norther obligation for payment by ANI. If Mr. Alarie
desires to
acquire a medical and life plan at his own expense, he has the
option to talk with
ANI's current broker, Sasha Taylor-Smith of Sky Insurance, at 330
674 2931.
Additionally, attached is an
A
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