Document:

Q1 FY2002 Exhibit 10.13

                        Exhibit 10.13

April 24, 2001

 

Clint Severson

Abaxis, Inc.

3240 Whipple Road

Union City, CA 94587

Re: Employment Agreement

Dear Clint:

Pursuant to our board resolution, this letter sets forth the terms of your
continued employment by Abaxis, Inc. ("Abaxis"). Abaxis believes that your
contributions will be important to its future success, and thus enters into this
Agreement in order to retain your services. The terms and conditions of our
future employment relationship are set forth below.

	Position and Duties: You shall be employed by Abaxis as its Chairman,
President and Chief Executive Officer, reporting to Abaxis' Board of Directors
(the "Board"); provided that, if requested by the Board, you will immediately
resign as an officer of Abaxis. You accept continued employment with Abaxis on
the terms and conditions set forth in this Agreement, and you agree to devote
your full business time, energy and skill to the duties assigned to you by the
Board.

	At-Will Employment: Your employment with Abaxis is at-will employment
and may be terminated by you or Abaxis at any time, with or without cause. Upon
the termination of your employment with Abaxis for any reason, and subject to
paragraphs 4 and 5 below, neither you nor Abaxis shall have any further
obligation or liability to the other.

	Compensation: You shall be compensated by Abaxis for your services as
follows:

	Salary: Commencing April 1, 2001, you shall be paid a monthly salary
of $22,083.33 ($265,000.00 per year), and a bonus of $150,000.00 based on
meeting company goals, subject to applicable withholding, in accordance with
Abaxis' normal payroll procedures. Such salary shall be subject to periodic
review and adjustment in accordance with Abaxis' salary review
policies/practices then in effect for its senior management.

	Benefits: You shall have the right, on the same basis as other
executive staff employees of Abaxis, to participate in and to receive benefits
under any Abaxis employee benefit plan, including medical, disability or other
group insurance plans. In addition, you shall be entitled to the benefits
afforded to other senior management under Abaxis' business expense reimbursement
policies. Finally, you shall receive six (6) weeks vacation annually.

	Benefits Upon Other Termination: You agree that your employment may
be terminated by Abaxis at any time, with or without cause. In the event of the
termination of your employment by Abaxis for the reasons set forth below, you
shall be entitled to the following:

	Termination for Cause: If your employment is terminated by Abaxis for
cause as defined below, you shall be entitled to no compensation or benefits
from Abaxis other than those earned under paragraph 3 through the date of your
termination.

For purposes of this Agreement, a termination "for cause" occurs if you are
terminated for any of the following reasons:

	theft, dishonesty, or falsification of any employment or company
records;
	improper disclosure of Abaxis confidential or proprietary information;
	any intentional act by you which has a material detrimental effect on
Abaxis' reputation or business;
	your failure or inability to perform any reasonable assigned duties after
written notice from Abaxis of, and a reasonable opportunity to cure, such
failure or inability; and
	any material breach of this Agreement, which breach is not cured within 10
days following written notice of such breach from Abaxis.

	Termination for Other Than Cause: Following a change of control, if
your employment is terminated by Abaxis for any reason other than cause, then,
subject to paragraph 6 below, you shall be entitled to the following
compensation and benefits:

	Within ten (10) days of the date of the termination of your employment with
Abaxis, you shall receive a lump sum payment, subject to applicable withholding,
of two (2) years' salary and bonus
	For a period of two (2) years after termination of your employment with
Abaxis, Abaxis shall reimburse your premium payments for any medical or other
employee insurance coverage which you elect to continue in accordance with
federal law; and
	Any of your unvested options to purchase Abaxis Common Stock shall become
fully vested on the date of your termination.

	Covenants: You agree with Abaxis that both prior to and after
termination of your employment with Abaxis, as follows:

	For a period of one (1) year after termination of your employment with
Abaxis, you shall refrain from, directly or indirectly, soliciting the services
of or in any manner persuading employees or customers of Abaxis from
discontinuing that person's or entity's relationships with Abaxis as an employee
or customer; and
	You shall not make any critical or disparaging statements about Abaxis or
any of its employees, directors or products to any other person or
entity.

	Exclusive Remedy: Subject to paragraphs 4 and 5 above, you shall be
entitled to no compensation for any damage or injury arising out of the
termination of your employment by Abaxis. Provided, however, that nothing
contained in this Agreement shall limit your right to be indemnified by Abaxis
for your actions as its officer or employee, pursuant to the Indemnity Agreement
dated December 10, 1991, between Abaxis and you.

	Proprietary Rights Agreement: You agree to abide by the terms and
conditions of Abaxis' standard confidentiality and/or proprietary rights
agreements previously executed by you.

	Dispute Resolution: In the event of any dispute or claim relating to
or arising out of our employment relationship or this Agreement, we agree that
all such disputes shall be fully and finally resolved by binding arbitration
conducted by the American Arbitration Association in Palo Alto, California;
provided, however, that this arbitration provision shall not apply to any
disputes or claims relating to or arising out of the misuse or misappropriation
of Abaxis' trade secrets or proprietary information.

	Attorneys' Fees: The prevailing party shall be entitled to recover
from the losing party its attorneys' fees and costs incurred in any action
required to enforce any right arising out of this Agreement.

	Interpretation: We agree that this Agreement shall be interpreted in
accordance with and governed by the laws of the State of California.

	Successors and Assigns: This Agreement shall inure to the benefit of
and be binding upon Abaxis and its successors and assigns. In view of the
personal nature of the services to be performed under this Agreement by you, you
shall not have the right to assign or transfer any of your rights, obligations
or benefits under this Agreement, except as otherwise noted herein.

	Entire Agreement: This Agreement constitutes the entire employment
agreement between you and Abaxis regarding the terms and conditions of your
employment, with the exception of (i) any stock option and/or stock purchase
agreements between you and Abaxis (which shall be deemed amended in the manner
set forth in subparagraph 4(b)(iii) and (ii) the confidentiality and/or
proprietary rights agreements described in paragraph 8. This Agreement
supersedes all prior negotiations, representations or agreements between you and
Abaxis, whether written or oral, concerning your employment by Abaxis.

	No Representations: You acknowledge that you are not relying, and
have not relied, on any promise, representation or statement made by or on
behalf of Abaxis which is not set forth in this Agreement.

	Modification: This Agreement may only be modified or amended by a
supplemental written agreement signed by you and Abaxis.

Please sign this letter in the space provided below to acknowledge your
acceptance of the terms of this Agreement.

Sincerely,

ABAXIS, Inc.

 

By: _______________________

Richard Bastiani

Chairman, Compensation Committee

I agree to and accept employment with Abaxis, Inc. on the terms and
conditions set forth in this Agreement.

Dated: _____________________

 

______________________

Clint SeversonQ1 FY2002 Exhibit 10.14

                        Exhibit 10.14

EMPLOYEE RETENTION INCENTIVE AGREEMENT

 

 THIS EMPLOYEE INCENTIVE AGREEMENT(hereinafter referred to as
"Agreement") is made and entered into by and between Alberto Santa Ines
(hereinafter referred to as "employee") and Abaxis, Inc. (hereinafter referred
to as "Company") on April 13, 2001.

WHEREAS, Employee was hired by Company in February 2000, as Director of
Finance;

WHEREAS, Company Desires to retain the services of Employee and Employee
desires to continue to provide such services for at least (3) years;

NOW THEREFORE, in consideration of the promises herein contained, Company
agrees to provide Employee Retention Incentive.

	IN ADDITION to Employee's "Regular Compensation" as defined in [C] below,
Company shall pay Employee an "Employee Retention Incentive" as defined in [D]
below, if ANY of the two (2) conditions below occur: 

	Company terminates the services of Employee for any reason or abandonment of
the responsibilities of the job except for criminal misconduct committed by
Employee against Company or abandonmnet of the responsibilities of the job at
anytime within three (3) years from signing of this Agreement,
OR 

b) Employee provides services to Company for a period of three (3) years from
the signing of this Agreement.

B. Employee shall not be entitled to Employee Retention Incentive if Employee
voluntarily Terminates Employee's services from Company within three (3) years
from the signing for this Agreement.

 

C. "Regular Compensation" shall include salaries, benefits, bonuses, stock
option plans and other Incentives that Employee will earn and/ or be entitled to
even without this Agreement.

 

D. "Employee Retention Incentive" shall include salaries, benefits, bonuses,
stock option plans and Other Incentives that Employee will earn and / or be
entitled to for nine (9) consecutive months from the signing of this
Agreement.

E. Employee Retention Incentive shall be paid by Company to Employee in one
(1) lump sum Payment within five (5) business days of the occurrence of any of
the two (2) conditions described in [A] above.

	
 _________________________ 
	
__________________________

	
Clint Severson, Chairman of the Board and CEO, representing
"Company"
	
Alberto Santa Ines ("Employee")

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