[Exhibit 6.1 - Xxxxxx Xxxxx Employment Agreement]
BESTWAY COACH EXPRESS INC.
0 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
June 5, 2005
Xx. Xxxxxx Xxxxx
000 Xxxxxx Xxxxxx
Xxxxxx Xxxxxx, XX 00000
Re: Terms of Employment Offer
Dear Xxxxxx:
Bestway Coach Express Inc. ("the "Company") offers to employ you as
President and Treasurer of the Corporation.
During your employment with Company you will receive a base salary equal
to $225,000, which will be payable to you in accordance with Company's payroll
practices. The Board of Directors of Company reserves the right to modify
Company's payroll practices and to increase or decrease your base salary based
upon your performance and other factors.
In addition to your base salary, during your employment with Company, you
may receive an annual incentive bonus in an amount of up to 10% of your base
salary, if the Company achieves positive net income. Bonus payments are not
guaranteed and are a function of Company's profitabilty, departmental success in
meeting specified objectives and your individual performance. Accordingly, you
and your department may achieve your goals but receive little or no bonus due to
factors or events beyond your control. Conversely, if you and/or your department
do not achieve your goals and Company as a whole does well, the extent to which
you receive any bonus will be affected.
During your employment with Company you will receive three weeks paid
vacation time per year, pro rated for partial years. You will be permitted
during the term of your employment, if and to the extent that you are eligible,
to participate in all employee benefit plans, policies and practices now or
hereafter maintained by or on behalf of Company commensurate with your position
with Company. Nothing in this letter shall preclude Company from terminating or
amending any such plans or coverage so as to eliminate, reduce or otherwise
change any benefit payable thereunder.
You shall be entitled to utilize a company car and receive gas expense
reimbursement for such car. You shall also be entitled to receive a life
insurance policy at aggregate premiums of $900 per year paid for by the Company.
The Company may withhold from any amounts or benefits payable to you
during your employment with Company all federal, state, city and other taxes as
shall be required pursuant to any law or governmental regulations.
This letter sets out the complete terms of our employment offer to you and
it supersedes any other oral or written representations. Upon acceptance by you,
this will establish the complete terms of our mutual, terminable-at-will,
employment agreement. Our agreement can only be amended through a writing signed
by both parties of their authorized representatives. If our offer is acceptable
to you, please sign below where indicated and return the original of this letter
to me by June 5, 2005.
Sincerely,
BESTWAY COACH EXPRESS, INC,
By: /s/ Xxxxxx Xxxxx
--------------------------------
Name: Xxxxxx Xxxxx
Title: President
ACCEPTED AND AGREED
TO AS OF THE DATE OF THIS LETTER:
/s/ Xxxxxx Xxxxx
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Signature
Xxxxxx Xxxxx
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Print Name
