Employment Contract

With Marion C. Sofield Addendum of Employment Contract Dated January 3, 2005

I.E.T. EMPLOYMENT CONTRACT

WITH

MARION C. SOFIELD

 

 

ADDENDUM

OF EMPLOYMENT CONTRACT DATED JANUARY 3, 2005

 

 

COMPENSATION DATE:         For all services rendered by Executive in any capacity during the term of this Employment Agreement, Employer shall pay Executive annual compensation of $72,000.00, in equal monthly installments payable on the 1st day of each month, or in such other manner as is the general practice of Employer.

 

EFFECTIVE DATE:                    March 1, 2005

 

 

SIGNED:

 

/s/William E. Prince                                                                                             February 28, 2005

William E. Prince                                                                                                Date

President and CEO

 

 

ACCEPTED:

 

/s/Marion C. Sofield                                                                                            February 28, 2005

Marion C. Sofield                                                                                                Date

 

 

BOARD RATIFICATION:

 

/s/Paul Branagan                                                                                                  February 28, 2005

Paul Branagan                                                                                                     Date

Director

 

/s/Valgene Dunham                                                                                             March 1, 2005

Dr. Valgene Dunham                                                                                           Date

Director