LIVE VENTURES INCORPORATED EMPLOYMENT AGREEMENT
Exhibit 10.89
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of this 27th day of September, 2021 by and between Live Ventures Incorporated, a Nevada Corporation (Nasdaq: LIVE). (“Employer”), and David Verret (“Employee”).
In consideration of the mutual promises and covenants contained in this Agreement, as well as the promises and covenants entered into on September 15, 2021 (the “Offer Letter”), which is herein incorporated by reference, the parties agree as follows.
1 Or any other such title the Employer determines appropriate, upon notice and agreement with Employee, at any time.
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LIVE VENTURES INCORPORATED EMPLOYMENT AGREEMENT
(30) business days of termination date. The severance package shall contain no bonuses. The severance package shall also include up to one year of COBRA coverage. If Employer obtains medical insurance through himself or another party within that one year of COBRA, such COBRA coverage will no longer be offered by Employer on the day Employee’s new coverage begins, but in no case shall COBRA coverage continue after one year from the termination date.
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known;
their customer lists, intellectual property, marketing information, and all other similar material; and
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(iii) an award of money damages will not be adequate to remedy such harm. Consequently, Employee agrees that in the event Employee breaches or threatens to breach any of the covenants contained in Sections 4. through 9. of this Agreement, Employer shall be entitled to both: (x) a preliminary or permanent injunction in order to prevent the continuation of such harm, and
(y) money damages, insofar as they can be determined including, without limitation, all reasonable costs and attorneys’ fees incurred by Employer in enforcing the provisions of this Agreement. Nothing in this Agreement, however, shall prohibit Employer from also pursuing any other remedy available to Employer at law or in equity.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.
EMPLOYER: |
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Live Ventures Incorporated, |
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a Nevada Corporation |
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By: | /s/ Jon Isaac |
| /s/ David Verret |
| Name: Jon Isaac |
| Name: David Verret |
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| Title: President and CEO |
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