Employment Agreement
Maria Baker
Position: | Vice President of Operations |
Term: | February 1, 2007-January 31, 2008 |
Base Salary: | $125,000 |
Place of Employment: |
| 1. | Employee may work out of her home in Austin, Texas as her primary office |
| 2. | Employee must be available to attend meetings in Dallas, Texas as requested by the company |
Bonus Eligibility:
| 1. | up to 25% of Base Salary based on achievement of annual business objectives |
| a. | (50%) Personal Position Defined Objectives |
| b. | (50%) Company Financial Objectives (50%) |
Stock Option Participation:
| 1. | Determined annually by the Board of Directors |
Benefits: | Consistent with the benefits offered all employees |
Vacation: | 4 weeks paid vacation |
Other Considerations:
1. | An allowance of $12,500 for travel and personal expenses associated with commuting between her primary residence of Austin, Texas and Dallas Texas. Employee must agree to spend a minimum of 40 hours per week on company business. |
2. | If there is a change of control, |
| a. | all options will immediately vest |
| b. | automatic 90 day severance payment |
Please indicate your acceptance of this agreement by your signature, and return this letter to me. Thank you.
David S. Boone
COO/CFO
____________________________________ | _____________________ |
Signature | Date |
Maria Baker
Vice President Operations & IT
