Revett Mining Company Inc.: Exhibit 10.8 - Filed by newsfilecorp.com





Exhibit 10.8 

EMPLOYMENT AGREEMENT 

THIS AGREEMENT, is made effective the 1st day of December, 2010
between REVETT SILVER COMPANY, a Montana Corporation with its principal office
in Spokane Valley, Washington, herein referred to as the "Corporation", and
Monique Hayes of Coeur D'Alene, Idaho, herein referred to as the "Employee."


In consideration of the mutual covenants and benefits as herein
set forth, the parties hereto agree as follows: 

SECTION ONE 
EMPLOYMENT 


The Corporation hereby employs the Employee as Corporate
Secretary and the Employee hereby accepts such employment and agrees to devote
all of her efforts for the benefit of the Corporation and to faithfully,
industriously, and to the best of her ability, experience and talents, perform
all of her required and assigned duties. Employee shall perform her duties
subject to the general supervision and pursuant to the orders, advice and
direction of the President and Chief Executive Officer. 

SECTION TWO 
TERM OF EMPLOYMENT 


The term of employment under the Agreement shall be for a
period of three years commencing December 1, 2010, and ending midnight November
30, 2013, but shall continue from year-to-year thereafter unless terminated as
hereinafter provided or the employee reaches the age of sixty-five years old.


SECTION THREE 
COMPENSATION 


The Corporation shall pay Employee, and the Employee shall
accept from the Corporation, compensation at the minimum combined rate of U.S.
$82,500 per year prorated and payable monthly or on such other basis as the
parties may hereafter agree. Such minimum compensation may be adjusted for merit
or other raises as from time to time may be determined by the Committee of the
Board thereof having such authority. Employee shall be entitled to vacation
periods in line with the policies of the Corporation applicable to exempt
employees, provided, however, that the Employee shall be entitled to a minimum
paid vacation of four (4) weeks in any calendar year. If the Employee fails to
use all vacation days in any calendar year, Employee shall be permitted to carry
over those vacation days into the next two calendar years. 

SECTION FOUR 
OTHER BENEFITS 


In addition to the compensation as provided in the previous
Section Three hereof, the Corporation shall at its expense provide for Employee
the following additional benefits: 

1.          
Participation in all of the Corporation's benefits, now or hereafter in effect,
including medical, dental, vision, 401K plan, retirement plan, disability plan,
bonuses, Equity Incentive Plan and any and all other plans that may be made
available to employees. 

2.          
Payment of dues in professional associations as may be required to maintain her
membership in those associations and the privilege of attending appropriate
seminars, conferences and education programs as may be necessary. 

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3.          
Reimbursement for all expenses incurred in connection with the performance of
services to the Corporation, including entertainment and travel and other
expenses incident to the duties undertaken hereunder; provided, however, that
such expenses shall be reasonable and necessary and that Employee shall submit
bills and vouchers supporting all requests for reimbursements in accordance with
the Corporation's policies. 

SECTION FIVE 
TERMINATION 


The Agreement will terminate or may be terminated by any one of
the following reasons: 

1.          
Voluntarily and without cause, subject to Sections Two and Six, upon at least
one (1) months prior written notice of termination by Corporation to the
Employee or by the Employee to the Corporation; or 

2.          
By the Corporation for cause as hereinafter defined in Section Ten; or 

3.          
Upon the Death or Disability of Employee. 

4.          
Upon a Change of Control. 

5.          
Upon Retirement. 

SECTION SIX 
SEVERANCE COMPENSATION 


1.          
Termination by Employee or by Corporation With Cause 

If Employee voluntarily terminates her employment under the
Agreement pursuant to Section Five (1) or if the employment of the Employee is
terminated by the Corporation for cause, then all compensation and benefits as
heretofore provided in Sections Three and Four shall terminate immediately upon
the effective date of termination and no special severance compensation will be
paid. 

2.          
Termination by Corporation Without Cause 

If the Corporation terminates the Agreement for any reason
except for cause as defined in Section Ten then upon the termination of the
Employee's employment under the Agreement, the Corporation shall pay an amount
equal to eighteen (18) months salary. The amount shall be paid in one lump sum
on the date the Employee's services terminate. All employee benefits provided to
the Employee shall be continued as if the Employee was still an employee of the
Corporation, for a period of one (1) year from the date of termination or
replacement of equal or better benefits from a new employer. In the event
Employee has existing stock options, they will be honored in accordance with the
terms of said options. 

3.          
Termination bv Death or Disability 

If Employee dies before her employment hereunder or is
otherwise terminated, the Corporation shall immediately pay to her beneficiary
(to be named in writing by the Employee on signing of the Agreement and
confirmed if changed by him at any subsequent time, in writing, addressed to the
secretary of the Corporation) an amount of compensation equal to twelve (12)
months' salary. If no named beneficiary survives her, the entire amount due her
shall be paid to her estate. Said compensation shall be in addition to that
payable from any insurance coverage providing for compensation upon Death or
Disability. If Employee becomes disabled, she shall be entitled to receive an
amount of compensation equal to twelve (12) month's salary. "Disability" in the
Agreement means a condition of physical or mental illness causing one to be
totally incapable of performing full-time duties for a period longer than six
months. 

4.          
Termination Following Change of Control 

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(a)          
For purposes of the Agreement a Change in Control shall be deemed to have
occurred if (A) any individual partnership, firm, entity, corporation,
association, trust, unincorporated organization or other entity, or any
syndicate or group deemed to be a person under Section 14(d) (2) of the Exchange
Act, is or becomes the "beneficial owner" (as defined in Rule 13d-3 of the
General Rules and Regulations under the Exchange Act), directly or indirectly,
of securities of the Corporation representing 25% or more of the combined voting
power of the Corporation's then outstanding securities entitled to vote in the
election of directors of the Corporation; or (B) as a result of or in connection
with a contested election of directors, the persons who were directors of the
Corporation before such election shall cease to constitute a majority of the
Board. 

(b)          
Irrespective of any other provisions in the Agreement regarding termination, if
any of the events described above constituting a Change in Control shall have
occurred and upon the subsequent termination of Employee's employment during the
term of the Agreement, unless such termination is because of Employee's Death,
Disability or by the Corporation for cause or by Employee for other than "Good
Reason," Employee shall be entitled to and will receive no later than the fifth
(5th) day following the date of termination a lump sum severance payment in an
amount equal to three (3) year's salary. In addition, all benefits then
applicable to Employee shall be continued for a period of twelve (12) months.


(c)          
Employee shall be entitled to terminate her employment for Good Reason. 

For purposes of the Agreement, "Good Reason" means, without
Employee's express written consent, any of the following: 

(i)           
 the assignment to Employee of any duties inconsistent with Employee's
position, or Employee's removal from such position, or a substantial alteration
in the nature or status of Employee's responsibilities from those in effect
immediately prior to the Change in Control; 

(ii)          
 a reduction by the Corporation in Employee's annual base salary as in
effect on the date hereof or as the same may be increased from time to time or a
failure by the Corporation to increase Employee's salary at a rate commensurate
with that of other key executives of the Corporation; 

(iii)          
the failure by the Corporation to continue to provide Employee with benefits at
least as favorable to those enjoyed by Employee under any of the Corporation's
life insurance, medical, health and accident, disability, deferred compensation,
pension, if any, or savings plans in which Employee was participating at the
time of the Change in Control, the taking of any action by the Corporation which
would directly or indirectly materially reduce any of such benefits or deprive
Employee of any material fringe benefit enjoyed by Employee at the time of the
Change in Control, or the failure by the Corporation to provide Employee with
the number of paid vacation clays to which Employee is entitled on the basis of
years of service with the Corporation in accordance with the Corporation's
normal vacation policy in effect at the time of the Change in Control; 

(iv) The failure of the Corporation to
obtain a satisfactory agreement from any successor to assume and agree to
perform the Agreement or if the business of the Corporation for which Employee's
services are principally performed is sold at any time after a Change in
Control, the purchaser of such business fails to agree to provide Employee with
the same or a comparable position, duties, salary and benefits as provided to
Employee by the Corporation immediately prior to the Change in Control;


SECTION SEVEN
NON-TRANSFERABILITY 


This is a personal agreement. No Employee's rights, benefits or
interests hereunder may be subject to sale, anticipation, alienation,
assignment, encumbrance, charge, pledge, hypothecation, transfer, or set-off in
respect of any claim, debt or obligation or to execution, attachment, levy or
similar process, or assignment by operation of law. Any attempt, voluntary or
involuntary, to effect any such action shall be null and void and of no effect.


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SECTION EIGHT 
CHOICE OF LAW 


lt is the intention of the parties hereto that the Agreement
and the performance hereunder and all suits and special proceedings hereunder he
construed in accordance with and under and pursuant to the laws of the State of
Washington, and that in any action, special proceeding or other proceeding that
may be brought arising out of, in connection with, or by reason of the
Agreement, the laws of the State of Washington, shall be applicable and shall
govern to the exclusion of the law of any other forum, without regard to the
jurisdiction in which any action or special proceeding may be instituted. 

SECTION NINE 
BINDING EFFECT 


The Agreement shall be binding upon and shall inure to the
benefit of the Corporation and to its successors or assigns and to Employee and
her personal representative, heirs, executors and administrators. 

SECTION TEN 
DEFINITION OF CAUSE 

Cause to terminate the Employee's employment shall mean (a) the
willful and continued failure by the Employee to substantially perform her
duties, after demand for substantial performance as delivered by the Corporation
that specifically identifies the manner in which the Corporation believes the
Employee has not substantially performed her duties, or (b) the willful engaging
by the Employee of misconduct which is materially injurious to the Corporation,
monetarily or otherwise, or (c) the willful violation by the Employee of the
provisions of the Employment Agreement. 

Notwithstanding the foregoing, the Employee shall not be deemed
to have been terminated for cause unless there shall have been delivered to the
Employee a copy of a notice of termination from the Corporation after
reaso11able written notice to the Employee and an opportunity for the Employee,
together with counsel for the Employee, to be heard before the Board of
Directors of the Corporation, accompanied by a resoh1tion duly adopted by the
Directors of the Corporation then in office, who find that in the good faith
opinion of such directors, the Employee was guilty of conduct set forth above
and shall set forth in particular detail the facts and circumstances claimed to
provide a basis for termination of employment under the provisions so indicated.


SECTION ELEVEN 
DIRECTORSHIPS 


The Employee shall be entitled to accept a position as a
director of other corporations, whether such corporations are engaged in the
mining industry or not provided any such directorship is first approved by the
Corporation, such approval not to be unreasonably withheld. 

SECTION TWELVE 
CONFIDENTIALITY 


Employee agrees that except as required \ for the performance
of her duties, obligations and responsibilities hereunder, he will not at any
time during the term of the Agreement or thereafter divulge to any person, firm
or corporation any Confidential Information received by him during the course of
her employment and all such Confidential Information shall be kept confidential
and deemed the property of the Corporation. For the purpose of the provision,
Confidential Information means information known to the Employee as a
consequence of her employment by the Corporation and not generally known in the
industry in which the Corporation is engaged or otherwise available to third
parties from sources unrelated to or controlled by the Corporation. 

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IN WITNESS WHEREOF, the parties have executed the Agreement at
Spokane Valley, Washington, effective on the day and year first above written.


REVETT SILVER COMPANY 

John Shanahan 
President and Chief Executive Officer



 

EMPLOYEE

	Name: 	Monique Hayes

	Address: 	5779 Harcourt 
	  	Coeur d’Alene, ID 83815
  


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