Re: Just tell me he's going to be a full time CEO Yes Full time
posted on
Jun 08, 2007 12:53PM
AGREEMENT
1. Employment. PTSC hereby engages Employee to serve as its President and Chief Executive Officer, and Employee hereby accepts such engagement upon the terms and conditions set forth herein.
2. Term. The term of this Agreement shall begin on June 5, 2007 above and shall remain in effect for one (1) year, unless terminated earlier pursuant to Section 8.
3. Duties. Mr. Turley is employed to serve as PTSC’s President and Chief Executive Officer and shall perform such duties as are customarily performed by a person serving in that office. Mr. Turley will report to the Board of Directors. As part of Employee’s duties, Mr. Turley acknowledges and understands that: (a) Employee will devote his best knowledge and skill to the performance of his duties; (b) Employee shall devote his reasonable business time to the rendition of such services, subject to absences for customary vacations and for temporary illness, which time shall not be less than forty (40) hours each week; and (c) Employee will not engage in any other gainful occupation which requires his personal attention without prior consent of the Board of Directors, with the exception that Employee may personally trade in stock, bonds, securities, commodities or real estate investments for his own benefit.
a. Six Month Performance Evaluation. PTSC shall provide Mr. Turley with feedback regarding his performance within six months of the effective date of this Agreement.