LIMITED LIABILITY COMPANY AGREEMENT OF GLADES DEVELOPMENT LLC PageLimited Liability Company Agreement • April 8th, 2003 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation • Delaware
RECITALSSeparation Agreement and Release of Claims • December 30th, 2003 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
ContractBusiness Loan Agreement • August 28th, 2003 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
BUSINESS LOAN AGREEMENT This Agreement dated as of January 7, 2003, is between Bank of America, N.A., a national banking association (the “Bank”), and Winter Sports Inc., a Montana corporation (the “Borrower”). 1. FACILITY NO. 1: LINE OF CREDIT AMOUNT AND TERMS 1.1. Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (“Facility No. 1”). The amount of the line of credit (the “Facility No. 1 Commitment”) is initially $13,500,000, reducing by $1,200,000 on each May 31, beginning May 31, 2004. (b) If, due to conditions beyond the control of the Borrower, gross revenues for a ski season (not including real estate-related revenues) are less than $8,500,000, the Borrower may skip the mandatory commitment reduction on the reduction date next succeeding such ski season. The Borrower is limited to two such skip payments during the term of Facility No. 1. Any reduction skipped is deferred until the Facility No. 1 Expira
APRIL 27, 1998 MS. ADORA MAGUIRE P.O. BOX 804 WHITEFISH, MT 59937-0804 DEAR ADORA, THIS IS A PROPOSAL FOR A THREE-YEAR EMPLOYMENT CONTRACT BETWEEN YOURSELF AS DIRECTOR OF MARKETING AND SALES AND WINTER SPORTS, INC. DAB THE BIG MOUNTAIN SKI AND SUMMER...Winter Sports Inc /New • August 28th, 1998 • Services-miscellaneous amusement & recreation
Exhibit 10.8 EMPLOYMENT AGREEMENT This Agreement made this 22nd day of December, 1997, by and between WINTER SPORTS, INC., a Montana corporation, with its principal place of business located in Whitefish, Montana ("Employer"), and MICHELE REESE of...Employment Agreement • April 15th, 1998 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
LIMITED LIABILITY COMPANY AGREEMENT OF MOOSE RUN II LLCLimited Liability Company Agreement • January 15th, 2002 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation • Delaware
EXHIBIT 10.7Employment Agreement • October 30th, 1996 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
ContractSeparation Agreement • October 21st, 2003 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
SEPARATION AGREEMENT AND RELEASE OF CLAIMS This Separation Agreement and Release of Claims (the “Agreement”) is made as of September 1, 2003 by and between Michael Collins (“Employee”) and Winter Sports, Inc. (“the Company”). RECITALS A. Employee was employed as the Chief Executive Officer of the Company until his resignation on September 1, 2003 (the “Resignation Date”). B. The Company has offered Employee severance pay and certain other covenants in exchange for a release of all claims under local, state or federal law that Employee may have against the Company or its officers, directors and affiliates as of the date of this Agreement, and Employee wishes to accept the severance pay and other covenants on the terms set forth in this Agreement. AGREEMENT AND RELEASE NOW, THEREFORE, the parties agree as follows: 1. Acceptance of Resignation. The Company accepts Employee’s resignation as of the date of this Agreement, such resignation to be effective as of September 22, 2003; provided
EMPLOYMENT AGREEMENT This Agreement made this 1st day of September, 2000, by and between WINTER SPORTS, INC., a Montana corporation, with its principal place of business located in Whitefish, Montana (`Employer'') and MICHAEL COLLINS, of Whitefish,...Employment Agreement • October 24th, 2000 • Winter Sports Inc /New • Services-miscellaneous amusement & recreation
