EXHIBIT 10.17
CONSULTING AGREEMENT
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AGREEMENT made this _____ day of August, 1994 by and between XX. XXXXX
XXXXXXX of 00 Xxxxxxxx Xxxxxxx, 0000 Xxxxxxx, Xxxxxxx (the "Consultant") and
ACCENT COLOR SCIENCES, INC., a Connecticut corporation (the "Company").
W I T N E S S E T H:
WHEREAS, the Consultant has assisted the Company with respect to its
organizational and financial affairs from time to time in the past; and
WHEREAS, the Consultant, in addition to his regular, full-time business
pursuits, is willing to assist the Company with respect to its organizational
and financial affairs from time to time in the future; and
WHEREAS, the Company wishes to secure the services of the Consultant on the
terms hereinafter provided;
NOW, THEREFORE, the Consultant and the Company hereby mutually agree as
follows:
1. The Company hereby engages the Consultant and the Consultant agrees to
be so engaged on the following terms and conditions.
2. Consultant agrees to be available to the Company for up to 10 hours
per month at such times as shall be mutually agreed upon by the Consultant and
the Company, subject to the Consultant's regular duties in the course of his
primary occupation.
3. The term of this Agreement shall commence on the date hereof and
terminate on July 31, 1999, subject to earlier termination under the provisions
of paragraph 6 below.
4. The nature of the duties of the Consultant shall be to work with the
senior management of the Company and provide general business and management
advice with respect, primarily, to organizational, financial and business
development issues.
5. The consideration for the services to be performed by Consultant
hereunder shall consist of stock purchase warrants of even date herewith granted
to Consultant by two principal stockholders of the Company and such further
consideration, if any, as the Board of Directors of the Company may deem
appropriate from time to time.
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6. This Agreement may be terminated by Consultant on thirty (30) days
notice in writing to the Company but may not be terminated by the Company except
for "cause." As used herein, "cause" shall mean the gross neglect by Consultant
of his duties hereunder or the conviction of the Consultant of a felony against
the Company.
7. This Agreement shall be construed under the laws of the State of
Connecticut and may not be modified or amended except in writing signed by both
parties.
IN WITNESS WHEREOF, the Consultant and the Company have executed this
Agreement on the day and year first above written.
________________________________________
Xx. Xxxxx Xxxxxxx
ACCENT COLOR SCIENCES, INC.
By:_____________________________________
Xxxxxxx X. Xxxxx
Its Chairman
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