EXHIBIT 10.2
EMPLOYMENT AGREEMENT
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This Employment Agreement (the "Agreement") is entered into as of the
17TH day of February, 2004, between Zkid Network Company, a Nevada corporation
(the "Company"), and Xxx McIntyrel, an individual (hereinafter referred to as
the "Consultant").
W I T N E S S E T H:
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WHEREAS, the Company desires to retain the services of the Consultant;
and
WHEREAS, Consultant desires to work for the Company;
ACCORDINGLY, in consideration of the foregoing, the mutual promises
hereinafter set forth, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the
Consultant, intending to be legally bound, hereby agree as follows:
1. Fees and Expenses. Consultant will provide the Company with aid and
assistance in business development and the general operations of the
Company. Consultant will be directed by the Chief Executive Officer of
the Company and shall provide services as and when desired by the
Company.
Consultant shall receive the following fees:
Payment equal to $10,000 per month, which may be paid in Cash, free
trading shares of the Company or any combination thereof.
In addition to the foregoing, the Company shall pay for all of Consultant's
reasonable business related expenses, which shall be reasonably be approved
by the Company.
2. Term and Termination of Agreement. The term of this Agreement is for
one year and shall automatically be extended for one additional year
unless otherwise terminated by either party with at least 4 weeks
notice prior to the end of the one-year term. Either party may
terminate this Agreement for cause at any time, provided that if the
Company terminates this Agreement, Consultant that be paid for the
remainder of the month, in any such month that Consultant's services
are terminated, and that any shares in the Company issued to the
Consultant shall be deemed earned at the time of the termination.
3. Property of The Company. Any and all services performed by Consultant
while employed by the Company shall be the sole property of The
Company. This includes all work product of Consultant and all business
contacts and relationships fostered by Consultant as a result of their
relationship with The Company.
4. Non-Competition. Except in the case that the Consultant's services are
terminated in bad faith by the Company, Consultant shall be restricted
from accepting engagements with another company that is directly
involved in the same business as the Company for a period of six
months from and after the date Consultant ceases to work for the
Company.
5. Non Use of Confidential Corporate Information. Consultant hereby
agrees that from and after the termination of this Agreement,
Consultant shall be prohibited from disclosing and implementing
confidential Company information garnered during Consultant's tenure
with the Company to any other individual or company. This does not
restrict the right of the Consultant to provide services to another
company in the casino industry as long as the Consultant does not
disclose confidential information. Confidential information is defined
as information proprietary to the Company such as detailed financial
information, business strategy, proprietary technology or business
plans that are specifically pertinent to the Company.
6. Parties Bound. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and
assigns, and all references herein to either the Company or the
Consultant shall be deemed to include any successor or successors,
whether immediate or remote.
7. Governing Law and Enforcement. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of
Illinois. This Agreement was executed, delivered and is to be
performed in Northbrook, Illinois. Should any clause, sentence or
section of this Agreement be judicially or administratively determined
to be invalid, unenforceable or void by the laws of the State of
Illinois or any agency or subdivision thereof, such decision shall not
have the effect of invalidating or voiding any other clause, sentence
or section of this Agreement and the parties hereto agree that the
part or parts of this Agreement so held to be invalid, unenforceable
or void, shall be deemed to have been deleted herefrom and all other
clauses, sentences and sections shall have the same force and effect
as if such invalid or unenforceable part or parts had never been
included herein.
8. Captions. The headings or captions of this Agreement have been
included for ease of reference only and are not to be considered in
the construction or interpretation of this Agreement or any section or
clause contained herein or therein.
9. Separate Agreements. This Agreement supercedes any prior agreements
between the parties. Any amendments hereto shall be in writing as may
be agreed to by the parties.
IN WITNESS WHEREOF, this Agreement has been executed and delivered as
of the date and year first above written.
ZKID NETWORK COMPANY
Signature: /S/ Xxx Xxxxxxxxxxx Signature: /S/ Xxx XxXxxxxx
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Title: President
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Date: 02/17/04 Date: 2/17/04
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