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employment renewal last date missed how to renewal

by Guest699  |  12 years, 8 month(s) ago

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employment renewal last date missed how to renewal

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  1. amomipais82
    Hi,
    SUMMARY OF EMPLOYMENT TERMS

                                          BETWEEN
                                    COFFEE PEOPLE, INC.
                                            AND
                                      SECOND CUP INC.
                                            AND
                                      KENNETH B. ROSS

    These  summary  employment  terms are  effective  from the  Closing  Date of the
    transaction  contemplated  by the Acquisition  Agreement  between Coffee People,
    Inc.  (the  "Company")  and  Second  Cup  Inc.,  dated  November  13,  1997 (the
    "Transaction").  All salary and bonus provisions  contained herein shall replace
    any then existing compensation as at the Closing Date.

    1.  TERM:             One year from the  Closing  Date of the  Transaction.  The
                          Closing  Date is  expected  to be on or  before  March 31,
                          1998.

    2.  LOCATION:         Portland, Oregon with expense paid travel as required.

    3.  TITLE:            Vice President, Finance and Secretary, Coffee People, Inc.

    4.  DUTIES:           Reporting to the CEO of Coffee  People,  Inc.,  all duties
                          customarily assigned to this position.

    5.  COMPENSATION:     Annual Salary: Base salary fixed at $115,000.00 per annum.

                          Salary Adjustment:  $7,500.00 payable six months following
                          the  Closing   Date,   provided   the   employee  has  not
                          voluntarily resigned from the employment of the Company.

                          $7,500.00  payable  twelve  months  following  the Closing
                          Date,  provided the employee has not voluntarily  resigned
                          from the  employment  of the Company.  Should the employee
                          resign  subsequent  to six months from the  Closing  Date,
                          this payment  shall be "pro rated" for the period  between
                          six  months  after the  Closing  Date and the last date of
                          employment.

                          Success Fee:  $25,000.00  payable six months following the
                          Closing  Date,  provided the employee has not  voluntarily
                          resigned from the  employment of the Company prior to this
                          date.

                          Bonus: $16,250.00 payable six months following the Closing
                          Date,  provided the employee has not voluntarily  resigned
                          from the employment of the Company prior to this date.

                          $16,250.00  payable  twelve  months  following the Closing
                          Date,  provided the employee has not voluntarily  resigned
                          from the employment of the Company prior to this date.

    6.  BENEFITS:         To be no less favorable than those currently in place.
    <PAGE>

    7.  TERMINATION
          WITH CAUSE:     Wages  paid  through   termination  date  plus  one  month
                          severance paid.

                          If  termination  is in the first six months  following the
                          Closing Date, then no salary adjustment shall be paid.

                          If termination  is after six months  following the Closing
                          Date, then the salary  adjustment for the second six month
                          period  shall  be pro  rated to the  termination  date and
                          paid.

                          Bonus  and  success  fee  entitlement  forfeited,   unless
                          termination  occurs  subsequent  to payment  dates.  There
                          shall be no  accrued  calculation  of  bonuses  or success
                          fee--these  payments  vest  on a  lump  sum  basis  on the
                          payment dates.

                          Employee benefits cancelled at employer's option.

    8.  TERMINATION
          WITHOUT CAUSE:  Wages  paid  through  termination  date  and the  later of
                          twelve  months  following  the Closing  Date or six months
                          following  termination,  paid  as  a  lump  sum  less  all
                          applicable withholding taxes.

                          Any  unpaid  salary  adjustment  to  be  paid,  less  all
                          applicable withholding taxes.

                          All  outstanding  bonus and success fee payments vest upon
                          termination   and  are  to  be   paid,   less   applicable
                          withholding taxes.

                          Employee  benefits  remain  in  effect  for the  severance
                          period.

    9.  VOLUNTARY
          RESIGNATION:    Employee  agrees  to  provide  90 days' written  notice of
                          resignation.

                          Wages paid through last date of employment, which shall be
                          90 days after  employee  has  provided  written  notice of
                          resignation,  unless at its option, the Company determines
                          an earlier  effective date of resignation,  in which case,
                          wages  shall  only  be  paid  to  the  effective  date  of
                          resignation.

                          No  additional  bonus or success  fee  monies  paid if not
                          otherwise payable by last date of employment.

                          Employee benefits cease as of last date of employment.

    These terms of employment,  effective from the Closing Date of the  Transaction,

  2. Guest8787
    register date 20-1-2006 renewel date 20-1-2009 iam missing what can i do?
  3. Guest2218
    S.Arunadevi My renewal last date missed on 13.03.2010 my Registration No:-2007F03789.
    Pl Renewal in current date.
  4. Guest4162
    2010june
  5. Guest855

    my employment renuval dateexpiry oneyear how do renuval for current period


    em.no1063/01

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