HEALTHCARE BUSINESS SERVICES GROUPS, INC.
EMPLOYMENT AGREEMENT
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This Employment Agreement (the "Agreement"), dated this 1st day of April,
2004 by and between Healthcare Business Services Groups. Inc. (the "Company"), a
Delaware corporation, whose address for this agreement is 0000 X. Xxxxxxxx Xxxx
Xxxxx 000, Xxxxxx, XX 00000 and Xxxxxxxx Xxxx, (the "Employee") is X.X. Xxx
0000, Xxxxxx XX 00000-0000.
A. The Employee is the key executive of the Company and has extensive
experience in the lines of businesses of which the Company is involved,
B. The Company wishes to employ the Employee as, Chief Executive Officer,
Vice-President, Chief Operation Officer and the Treasurer. The Employee wishes
to provide these officer services to the Company in the capacity of the same.
The parties agree on the following terms:
1.0 ENGAGEMENT AND DURATION
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1.1 The Company hereby engages the services of the Employee for the position as
described above of the Company, and the Employee hereby accepts such
engagements and agrees to perform the services to the best of her ability,
1.2 The Company shall employ the Employee for until Employee retires and or
assigns the positions to others,
2.0 DUTIES
2.1 The Employee shall, pursuant to this Agreement, perform all duties
customarily performed by an Employee with like title and position of a
small, publicly-held corporation engaged in a business similar to the
Company's business.
2.2 The Employee shall, use her best efforts to promote the interests of the
Company and, to the extent necessary to discharge the responsibilities
assigned to the Employee, perform faithfully and efficiently such
responsibilities,
2.4 The Employee shall report directly and only to such person (s) as the board
of directors or an executive committee of the board of directors shall
direct,
2.5 The Employee shall perform his duties at the Company's offices, in and or
out of the locations as needed.
2.6 The Employee will, subject to the terms of this agreement comply promptly
and. faithfully with the Company's needs, requests, rules and regulations.
3.0 REMUNERATION AND BENEFITS
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3.1 Salary and Bonuses
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3.1.1 The Employee shall receive a monthly base salary of $5,000 and a bonus of
25% of the gross receipts payable monthly with a minimum bonus of $45,000
per month.
3.2 Reimbursement of Expenses
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3.2.1 The Company shall reimburse the Employee for all reasonable expenses
incurred by the Employee in the performance of his duties pursuant to this
agreement upon the Employee providing the Company with receipts for such
expenses, Such reimbursable, expenses shall include but not limited to all
travel, lodging, entertainment and all other expenses as deemed necessary.
3.3 Vacation and Other Benefits
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3.3.1 The Employee shall be entitled to six weeks paid vacation and all sick
days under this agreement. In addition, the Employee shall be paid for all
United States statutory holidays.
3.3.2 In addition to any other compensation or benefits to be received by the
Employee pursuant to this agreement, the Employee shall receive health,
dental, life, disability and accident insurance 401k, and pension benefits.
3.5-3 Company to provide Employee at all times, latest model Mercedes Benz S500
or equivalent type of automobile and pay all automobile related expenses.
3.4 Equity Based Compensation
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3.4.1 The Employee shall be granted, incentive options for shares in the company
based each year a minimum of 1 Million shares of the Company as
compensation.
4.0 INDEMNIFICATION.
4.1 (a) Company hereby indemnifies and hold Employee, its assignee, heirs
harmless from any damages, losses, liabilities, claims and allegations that
may be raised by Company.
5.0 LEGAL Expenses.
5.1 (a) The company will pay for all legal expenses, fees and cost related to
any law suit to protect. Employee's interest.
6,0 Termination.
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6.1 (a) Company cannot terminate Employee's employment under this Agreement
at any time.
7.0 Assign Ability.
7.1 (a) This agreement may be assignable by the Employee but may not be
assignable by the Company.
IN WITNESS WHEREOF the Company has duty executed this subscription as of the
date set out on the first page of this agreement.
HEALTHCARE BUSINESS SERVICES GROUPS, INC. EMPLOYEE
/s/ Xxxxxxxx Xxxxxx, MD /s/ C. Basu
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Board of Directors, Company Xxxxxxxx Xxxx
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