Employment Agreement Term Sheet Sample Contracts

Employment Agreement Term Sheet (The Agreement) John Ritter (November 6th, 2007)
Donald A. Merril Employment Agreement Term Sheet (January 25th, 2006)

Initial rate: $300,000. Base Salary may be increased but not decreased. A salary review will occur on, or before first year anniversary.

VECTr SYSTEMS INC – Employment Agreement Term Sheet (December 30th, 2005)

Salary: initially $102,500 CAD, to be reviewed annually by the Compensation Committee of the Board of Directors for possible upward adjustment.

VECTr SYSTEMS INC – Navitrak Engineering Employment Agreement Term Sheet (December 30th, 2005)

Salary: initially $105,000 CAD, to be reviewed annually by the Compensation Committee of the Board of Directors for possible upward adjustment.

VECTr SYSTEMS INC – Employment Agreement Term Sheet (December 30th, 2005)

82,500 options shall be granted to you upon execution of the employment agreement. The options shall be bound by the terms of the 2004 Stock Option Plan. These options shall have an exercise price of $0.50 CAD/share and have the maximum term allowable under the 2004 Stock Option Plan. The options shall vest 25% immediately upon execution of the employment agreement, 25% on the 6 month anniversary of the date of the employment agreement, 25% on the 1st anniversary of the date of the employment agreement and 25% on the 18 month anniversary of the date of the employment agreement.

Paul S. Fisher Employment Agreement Term Sheet (December 13th, 2005)

CenterPoint Properties Trust (the Company) will, at the effective time (referred to herein either as the Effective Time or the Effective Date) of the transactions (the Merger) contemplated by the Agreement and Plan of Merger dated December 7, 2005 by and among CalEast Industrial Investors, LLC (Moon), Solstice Merger Trust and the Company (the Merger Agreement), be wholly owned by Solstice Holdings LLC (Moon Sub), a subsidiary of Moon. Moon Sub will, immediately prior to the Effective Date of the Merger, be the sole shareholder of Solstice Merger Trust.

Michael M. Mullen Employment Agreement Term Sheet (December 13th, 2005)

CenterPoint Properties Trust (the Company) will, at the effective time (referred to herein either as the Effective Time or the Effective Date) of the transactions (the Merger) contemplated by the Agreement and Plan of Merger dated December 7, 2005 by and among CalEast Industrial Investors, LLC (Moon), Solstice Merger Trust and the Company (the Merger Agreement), be wholly owned by Solstice Holdings LLC (Moon Sub), a subsidiary of Moon. Moon Sub will, immediately prior to the Effective Date of the Merger, be the sole shareholder of Solstice Merger Trust.

Kevin C. O'NEIL Employment Agreement Term Sheet (August 23rd, 2005)

Eligible to participate in other benefit plans in which the Company's executive officers are eligible to participate. Automobile and reimbursement for expenses. Annual vacation of not fewer than 4 weeks. Grant of option to purchase shares of Company stock commensurate with executive position. Years of service credit so SERP of $50,000 per year for a period of 10 years vested at age 65. Spouse receives benefits unpaid at time of death. Payment for an annual executive physical examination.

John C. Orr Employment Agreement Term Sheet (July 22nd, 2005)

Three years. Not later than 6 months prior to 3rd anniversary of Effective Date, Company to commence negotiations with Executive.