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EXHIBIT 10.21
[LOGO] EXTENDED
SYSTEMS
EMPLOYMENT AGREEMENT
THIS AGREEMENT is made between EXTENDED SYSTEMS INCORPORATED (ESI) and
Xxxxxx X. Xxxxxxx (EMPLOYEE) for the employment of EMPLOYEE by ESI.
IT IS AGREED BETWEEN THE PARTIES:
1. EMPLOYMENT: ESI hereby hires EMPLOYEE and EMPLOYEE accepts initial
employment with ESI as President and Chief Executive Officer.
2. TERMS OF EMPLOYMENT: This Agreement shall commence the 21st day of
August, 1997, and shall continue until terminated by either party
pursuant to paragraph 5.
3. COMPENSATION: The EMPLOYEE shall receive as compensation for his/her
services the amount of $220,000 per year, plus all employee benefits as
set forth in the current issue of the Extended Systems Employee Handbook
and stock options, bonuses and incentives as approved by the
compensation committee of the Board of Directors. Employee's salary will
be reviewed on July 1, 1998 by the compensation committee.
4. DUTIES OF EMPLOYEE: EMPLOYEE shall have the following duties and
authority: President and Chief Executive Officer and additional duties
as assigned by the Board of Directors.
5. ROLLING TWELVE (12) MONTH CONTRACT: This contract is a continuous
rolling twelve (12) month agreement entitling employee to twelve (12)
months termination pay per paragraph 3 if terminated without cause or
without twelve (12) months written notice.
6. VACATION: EMPLOYEE shall accumulate 1.25 working days of paid vacation
for each month of employment. Vacation may be taken subject to advance
approval by ESI. A maximum of ten (10) vacation days may be carried over
into each new calendar year. Upon termination of this Agreement,
EMPLOYEE shall receive compensation for accumulated vacation time.
7. TRAVEL EXPENSES: EMPLOYEE shall be reimbursed for all authorized travel
and lodging expenses.
8. FRINGE BENEFITS: Fringe benefits shall be provided by ESI as set forth
in the Extended Systems Employee Handbook. I hereby acknowledge
receiving a copy of the Employee Handbook. I understand that I am
responsible for familiarizing myself with the contents of the handbook.
I understand that the contents in the Employee Handbook are subject to
change at Extended Systems' discretion and do not create any contractual
commitments by the Company. /s/ SDS (Employee Initials)
9. DRUG AND ALCOHOL POLICY: EMPLOYEE agrees to abide by the terms of the
Extended Systems Drug and Alcohol Policy. Receipt of Drug and Alcohol
Policy is hereby acknowledged. /s/ SDS (Employee Initials).
10. TERMINATION: TERMINATION OF THIS AGREEMENT SHALL NOT TERMINATE THE
NONDISCLOSURE AGREEMENT BETWEEN THE PARTIES. Either party may terminate
this agreement, with or without good cause, by giving twelve (12) months
written notice to the other.
DATED this 21st day of August, 1997.
ESI
By /s/ Xxxxxx X. Xxxxxx, Secretary /s/ Xxxxxx X. Xxxxxxx
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EMPLOYEE
