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Standard Services Agreement

 

 

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This Standard Services Agreement is a sample provided for your information only
and may not be relied upon as legal advice. This agreement might not be
appropriate for your requirements. Elance makes no warranty about the
suitability of this sample agreement and accepts no liability arising out of
the use of this agreement. Please consult your legal or business advisor for
further information or advice.

 

 

STANDARD SERVICES
AGREEMENT

	
  THIS AGREEMENT is made on

  	
  April
  29, 2017

  

BETWEEN 

1.      Nanda
Mangal of (the "Buyer"); and 

2.      Beliss
Corp. of (the "Company"), 

collectively referred to as the "Parties". RECITALS

The Buyer wishes to be provided with the Services (defined
below) by the Company and the Company agrees to provide the Services to the
Buyer on the terms and conditions of this Agreement. 

1.      Key
Terms 

1.1  Services

The Company shall provide the following services
("Services") to the Buyer in accordance with the terms and conditions
of this Agreement:

The buyer ordered the website
for his shop of home stuff. The buyer wishes the website to be provided with
SEO-optimization. Also the buyer wishes his website to be provided with further
technical support and to create a mobile version in future.

1.2  Delivery of the Services

a.      Start
date: The Company shall commence the provision of the Services on May 10,
2017. 

b.      Completion
date: The Company shall complete to provide the Services on August 10,
2017 ("Completion Date"). 

1.3  Price

c.      As
consideration for the provision of the Services by the Company, the price for
the provision of the Services is $5,000 ("Price"). 

d.      The
Buyer shall pay for the Company’s out-of-pocket expenses. 

1.4  Payment 

e.      The
Buyer agrees to pay the Price to the Company on the following dates: 

Full price will be paid after
job is done.

 

f.       The
method of payment of the Price by the Buyer to the Company shall be by: 

Money
transfer to the following account: 98082963568, Bank of
America, SWIFT: BOFAUS3N.

g.      Any
charges payable under this Agreement are exclusive of any applicable taxes,
tariff surcharges or other like amounts assessed by any governmental entity
arising as a result of the provision of the Services by the Company to the
Buyer under this Agreement and such shall be payable by the Buyer to the Company
in addition to all other charges payable hereunder. 

 

2.      General
terms 

2.1  Intellectual Property
Rights

The Company agrees to grant to the Buyer a
non-exclusive, irrevocable, royalty free license to use, copy and modify any
elements of the Material not specifically created for the Buyer as part of the
Services.

2.2  Warranty 

a.      The
Company represents and warrants that: 

                                               
i.         
it will perform the Services with reasonable care and skill; and

                                              
ii.         
the Services provided by the Company to the Buyer under this
Agreement will not infringe or violate any intellectual property rights or
other right of any third party. 

2.3  Limitation of liability

b.      Subject
to the Buyer’s obligation to pay the Price to the Company, either party’s
liability in contract, tort or otherwise (including negligence) arising
directly out of or in connection with this Agreement or the performance or
observance of its obligations under this Agreement and every applicable part of
it shall be limited in aggregate to the Price. 

c.      To
the extent it is lawful to exclude the following heads of loss and subject to
the Buyer’s obligation to pay the Price, in no event shall either party be
liable for any loss of profits, goodwill, loss of business, loss of data or any
other indirect or consequential loss or damage whatsoever. 

2.4  Term and Termination 

d.      This
Agreement shall be effective on the date hereof and shall continue, unless
terminated sooner in accordance with Clause 2.4(e), until the Completion Date. 

e.      Either
Party may terminate this Agreement upon notice in writing if: 

                                               
i.         
the other is in breach of any material obligation contained in
this Agreement, which is not remedied (if the same is capable of being
remedied) within 30 days of written notice from the other Party so to do; or 

                                              
ii.         
a voluntary arrangement is approved, a bankruptcy or an
administration order is made or a receiver or administrative receiver is
appointed over any of the other Party's assets or an undertaking or a
resolution or petition to wind up the other Party is passed or presented (other
than for the purposes of amalgamation or reconstruction) or any analogous
procedure in the country of incorporation of either party or if any
circumstances arise which entitle the Court or a creditor to appoint a
receiver, administrative receiver or administrator or to present a winding-up
petition or make a winding-up order in respect of the other Party. 

f.       Any
termination of this Agreement (howsoever occasioned) shall not affect any
accrued rights or liabilities of either Party nor shall it affect the coming
into force or the continuance in force of any provision hereof which is
expressly or by implication intended to come into or continue in force on or
after such termination. 

2.5  Relationship of the
Parties

 

The
Parties acknowledge and agree that the Services performed by the Company,
its employees, agents or sub-contractors shall be as an independent contractor
and that nothing in this Agreement shall be deemed to constitute a partnership,
joint venture, agency relationship or otherwise between the parties.

2.6  Confidentiality

Neither Party will use, copy, adapt, alter
or part with possession of any information of the other which is disclosed or
otherwise comes into its possession under or in relation to this Agreement and
which is of a confidential nature. This obligation will not apply to
information which the recipient can prove was in its possession at the date it
was received or obtained or which the recipient obtains from some other person
with good legal title to it or which is in or comes into the public domain
otherwise than through the default or negligence of the recipient or which is
independently developed by or for the recipient.

2.7  Notices

Any notice which may be given by a Party
under this Agreement shall be deemed to have been duly delivered if delivered
by hand, first class post, facsimile transmission or electronic mail to the
address of the other Party as specified in this Agreement or any other address
notified in writing to the other Party. Subject to any applicable local law
provisions to the contrary, any such communication shall be deemed to have been
made to the other Party, if delivered by:

                       
vii.         
first class post, 2 days from the date of posting; 

                      
viii.         
hand or by facsimile transmission, on the date of such delivery
or transmission; and 

                        
ix.         
electronic mail, when the Party sending such communication
receives confirmation of such delivery by electronic mail. 

2.8  Miscellaneous 

a.      The
failure of either party to enforce its rights under this Agreement at any time
for any period shall not be construed as a waiver of such rights. 

b.      If
any part, term or provision of this Agreement is held to be illegal or
unenforceable neither the validity or enforceability of the remainder of this
Agreement shall be affected. 

c.      Neither
Party shall assign or transfer all or any part of its rights under this
Agreement without the consent of the other Party. 

d.      This
Agreement may not be amended for any other reason without the prior written
agreement of both Parties. 

e.      This
Agreement constitutes the entire understanding between the Parties relating to
the subject matter hereof unless any representation or warranty made about this
Agreement was made fraudulently and, save as may be expressly referred to or
referenced herein, supersedes all prior representations, writings, negotiations
or understandings with respect hereto. 

f.       Neither
Party shall be liable for failure to perform or delay in performing any
obligation under this Agreement if the failure or delay is caused by any
circumstances beyond its reasonable control, including but not limited to acts
of god, war, civil commotion or industrial dispute. If such delay or failure
continues for at least 7 days, the Party not affected by such delay or failure
shall be entitled to terminate this Agreement by notice in writing to the
other. 

g.      This
Clause 2.8 and Clauses 2.3, 2.5, 2.6, 2.7 and 2.8 of this Agreement shall
survive any termination or expiration. 

h.      This
Agreement shall be governed by the laws of the jurisdiction in which the Buyer
is located (or if the Buyer is based in more than one country, the country in
which its headquarters are located) (the "Territory") and the parties
agree to submit disputes arising out of or in connection with this Agreement to
the non-exclusive of the courts in the Territory. 

 

3.      Additional
clauses 

AS WITNESS the hands of the Parties hereto or their duly
authorised representatives the day and year first above written.

 

	
  SIGNED by

  	
  )

  
	
  for and on behalf of

  	
  )

  
	
  the Buyer

  	
  )

  

 

	
  SIGNED by

  	
  ) /s/ Ajay Rajendran

  
	
  for and on behalf of

  	
  )

  
	
  the Company

  	
  )Exhibit

EXHIBIT 10.1

FORM OF AMENDED AND RESTATED EMPLOYEMENT LETTER - PRESIDENT/SVP/CFO

_____________________, 2017
[                                  ]

Dear ______________,

We are pleased to set forth amended and restated terms for your continued service in the position of PRESIDENT/SVP/CFO of Avid Technology, Inc. (“Avid” or the “Company”), reporting to Louis Hernandez, Jr.
Salary
Your 2017 salary will continue to be paid at an annual rate ______________________ thousand dollars ($XXX), payable in regular installments in accordance with Avid's usual payment practices. 
[Sign-On Bonus
You received a one-time sign-on bonus of _______________________ ($XXX).  If, during the first twelve months of employment, you terminate your employment with Avid or Avid terminates your employment for Cause (as defined below), you authorize Avid to deduct the amount of the sign-on bonus from any amounts due to you and, if that does not result in full repayment of the sign-on bonus amount, you will reimburse Avid for the difference.]
Bonus Eligibility
You will continue to be eligible to participate in Avid’s annual performance bonus plan (the "Plan"). Your 2017 target annual bonus level is __% of your base salary. The annual Plan and payouts under the Plan are subject to approval of the Compensation Committee of Avid’s Board of Directors (“Compensation Committee”), and may include Avid’s achievement of certain financial goals and individual performance.  The Compensation Committee (or a Plan administrator designed by the Compensation Committee) will have discretion to determine the amount of your bonus (including to pay less than the formula amount), subject to restrictions under the Plan against using discretion to increase the amount of your bonus.  The Plan results and payment amounts will be determined following the Plan year after audited financials have been completed and announced, and any earned amounts will be paid at any time after the filing of the Company’s 10-K and before December 31 of the year following the Plan year, in management’s discretion.
Equity Award Grants
As approved by Avid’s Compensation Committee, you will be granted _______ RSUs with a value of ____________thousand dollars ($XXX) (“2017 RSUs”). Subject to the Compensation Committee’s approval, (a) 50% of the 2017 RSUs will be conditioned on achieving performance objectives specified in your award agreement, which shall be the same performance objectives specified for Avid’s other executive officers, and (b) the other 50% of the 2017  RSUs (the “time-vested portion”) will vest as follows:  33.33% of the time-vested portion will vest on the first anniversary of the grant date, and an additional 8.33% of the time-vested portion will vest at the end of each three-month period, starting from the first anniversary of the grant date, provided, in each case, that you are employed by the Company on such vesting date.  Except as otherwise expressly provided, if your employment terminates for any reason before the 2017 RSUs (or any other award) are fully vested, you will forfeit the unvested portion. 
Benefits
Avid offers four weeks of paid vacation and ten paid holidays per calendar year for senior vice presidents.  We currently offer Company subsidized medical, dental, and vision programs as well as life insurance, long term and short-term disability plans.  You will continue to be eligible for these benefits to participate in Avid’s 401(k) Plan.  All benefits are subject to the terms of the applicable benefit plans, as in effect and amended from time to time.  Avid reserves the right to amend its benefit plans at any time and for any reason.
Severance
Should Avid terminate your employment with the Company without "Cause" (as defined below) other than due to your long-term disability, or you resign for “Good Reason” (as defined below), Avid agrees to continue to pay you, as severance pay:

		
	•
	your base salary for a period of twelve (12) months after your date of termination;

		
	•
	your target bonus for the year in which your employment terminates, pro-rated based on the number of months you were employed by the Company during the year of the date of termination; and 

		
	•
	if you elect to continue receiving any group medical, dental, and/or vision benefits through COBRA, a payment equal to twelve (12) times the excess of (i) the total monthly premium for the coverage that you elect to receive over (ii) the monthly amount that Avid requires similarly situated employees to pay for the same type of coverage. This payment will be made within sixty (60) days after your employment terminates.

In order to be eligible for any of the severance pay and benefits, you will be required to sign Avid's standard severance agreement, which includes a general release of claims against Avid and its affiliates, and to allow the general release of claims to become effective and unrevoked. As a condition to receiving any severance, you will also be required to sign such other agreements as officers of the Company are generally required to sign if you have not already done so. Subject to the general release of claims not being revoked (and compliance with the tax laws described below), your base salary continuation payments (described above) will start on a date determined by Avid that is no more than sixty (60) days after your termination; the first payment will include any payments that would have been made before the first payment date had payment started on Avid’s first payroll date after your termination.  If your termination date occurs within sixty (60) days before the end of a calendar year, no payment that is subject to Section 409A of the Internal Revenue Code will be made before January 1 of the next calendar year.
If and to the extent Avid determines that it must delay payment of any severance amounts described in this letter agreement in order to avoid triggering a tax under Section 409A of the Internal Revenue Code, the delayed amounts will be paid to you, without interest, on the first business day following the six (6) month anniversary of the termination of your employment.  These requirements and provisions regarding the timing of commencement will also apply to amounts payable in connection with a Change-in-Control, as set forth below.  For purposes of Section 409A, each installment payment shall be treated as a separate payment, and all provisions of this letter shall be interpreted consistent with the intent to comply with the requirements of Section 409A.
For the purpose of this letter:
		
	•
	"Cause" means misconduct including, but not limited to: (1) conviction of any felony or any crime involving moral turpitude or dishonesty ; (2) participation in a fraud, embezzlement or act of dishonesty to the detriment of Avid; (3) material breach of any Avid policy; (4) gross negligence or willful misconduct ; (5) material breach of any agreement between you and Avid (including your Non-Disclosure and Invention Assignment Agreement and Avid's Code of Business Conduct and Ethics (both of which you are required to sign as a condition of your employment at Avid)); (6) failure by you to substantially perform your duties with the Company (other than any such failure resulting from your incapacity due to physical or mental illness); or (7) failing or refusing to cooperate, as reasonably requested in writing by the Company, in any internal or external investigation of any matter in which the Company has a material interest (financial or otherwise) in the outcome of the investigation.

		
	•
	“Good Reason” means a material diminution in your authority, duties or responsibilities; provided that “Good Reason” will exist only if (1) you inform Avid of the existence of the condition that you believe constitutes Good Reason within thirty (30) days after the condition first exists, (2)  Avid fails to remedy the condition within thirty (30) days after being notified, and (3) your employment terminates within 30 days after the end of the thirty-day cure period described in clause (2) (or by such earlier date as is requested by Avid).

Change-in-Control of the Company
Should Avid terminate your employment with the Company without "Cause" or you resign for “Good Reason,” in either case within one year following a Change-in-Control of the Company, as defined on Exhibit A attached hereto, in addition to the severance described above, Avid agrees to pay you,
		
	•
	an additional six (6) months base salary (which will be paid during the six (6) month period following the payment of the initial severance described above),

		
	•
	1.5 times your target bonus for the year in which your employment terminates, and

		
	•
	an additional payment in lieu of continued medical benefits, equal to six (6) times the monthly amount described above. 

In addition, and notwithstanding anything to the contrary in this letter or any applicable stock option or restricted stock unit (RSU) agreement, all outstanding stock options and RSUs that are not yet vested will become fully vested and exercisable (with respect to stock options) and payable (with respect to RSUs). Payment of RSUs will be delayed to the extent (if at all) that Avid determines is required to avoid triggering a tax under Section 409A of the Internal Revenue Code.

Limitation on Payments. 
In the event that the severance and other benefits provided for in this Agreement or otherwise payable to you (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986 as amended (the “Code”) and (ii) but for this paragraph, would be subject to the excise tax imposed by Section 4999 of the Code, then such  severance benefits shall be either (a) delivered in full, or (b) delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by you, on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and you otherwise agree in writing, any determination required under this paragraph shall be made in writing by the Company’s accountants, whose determination shall be conclusive and binding upon you and the Company for all purposes. For purposes of making the calculations required hereunder, the accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and you shall furnish to the accountants such information and documents as the accountants may reasonably request in order to make a determination under this paragraph. The Company shall bear all costs the accountants may reasonably incur in connection with any calculations contemplated by this paragraph.
Location
This position will be based in the _________________________ office.
Other
This letter amends, restates and supersedes your offer letter dated ________________ (together with any amendments thereto, the “Original Offer Letter”) in its entirety.  This letter does not constitute an employment agreement and is not to be construed as a guarantee of employment by the Company for any specific period of time.  
In connection with the execution of this letter, you are required to sign Avid’s Non-Disclosure and Invention Assignment Agreement, which includes non-competition and non-solicitation provisions, and Avid’s Code of Business Conduct and Ethics, Copies will be provided to you. 

All of us at Avid look forward to continuing to work with you as a valued and respected member of our organization. 
Sincerely,

Vice President of Human Resources

ACCEPTED: _____________________________ DATE: ______________________

      

Exhibit A

"Change-in-Control of the Company" shall be deemed to have occurred only if any of the following events occur:

		
	(i)
	The acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act”)) (a "Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated  under the Exchange Act) of 30% or more of either (a) the then outstanding shares of common stock of the Company (the "Outstanding Company Common Stock”) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the "Outstanding Company Voting Securities”); provided , however, that for purposes of this section, the following acquisitions shall not constitute a Change-in-Control:   (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or (D) any acquisition pursuant to a transaction which satisfies the criteria set forth in clauses (a) and (b) of paragraph (iii) below; or

		
	(ii)
	Individuals who, as of the date of this letter (the "Effective Date”), constitute the Company's Board of Directors (the "Incumbent Board”) cease for any reason to constitute at least a majority of the Company's Board of Directors; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the Company's shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

		
	(iii)
	Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the operating assets of the Company (a "Business Combination”), in each case, unless, following such Business Combination, (a) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 40% of, respectively, the then-outstanding shares of common stock (or other equity interests, in the case of an entity other than a corporation), and the combined voting power of the then-outstanding voting securities of the corporation or other entity resulting from such Business Combination (which as used in this section shall include, without limitation, a corporation or other entity which as a result of such transaction owns all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, and (b) no Person (excluding any corporation or other entity resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common stock (or other equity interests, in the case of an entity other than a corporation) of the corporation or other entity resulting from such Business Combination, or the combined voting power of the then-outstanding voting securities of such corporation or other entity; 

provided, however, that a "Change-in-Control of the Company" shall be deemed to occur only if any of the foregoing events occur and such event that occurs is a "change in the ownership or effective control of a corporation, or a change in the ownership of a substantial portion of the assets of a corporation" as defined in Treasury Reg. § 1.409A-3(i)(5).

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