Document:

ex10.2

EXHIBIT
10.2

 

Cyberlux Corporation

Executive Employment
Agreement

This agreement of employment is effective as of July
1, 2000,by and between Cyberlux
Corporation ("Employer") and Alan H. Ninneman ("Executive
Employee") AMENDED as of January 1, 2003.

For good and valuable
consideration, receipt of which is hereby acknowledged, the Employer
(hereinafter "the Company" or "Cyberlux") employs the
Executive Employee in accordance with the following terms and conditions.

1. The Executive Employee
shall perform the following duties and fulfill the following responsibilities:
(a), the Executive Title shall be Senior Vice President (hereinafter
"SRVP"); (b) duties shall extend to management of the Company's
manufacture, assembly, packaging and distribution of products to include
fulfillment operations and internet site operations. The SRVP reports directly
to the President/CEO.

2. The SRVP's employment
under this agreement shall commence on July 1, 2000 and shall, AS AMENDED,
terminate on June 30, 2008. The SRVP's contract of employment may otherwise
terminate upon occurrence of any of the following events: (a) death or
disability of the SRVP; (b) failure of the SRVP to perform his duties
satisfactorily due to ill health or consensus of the Board of Directors; or (c)
voluntary withdrawal from office after nomination of a duly qualified
successor. In the event of (a) death or disability, the Company will have
provided for insurance or other funding source to pay to the spouse of the SRVP
a minimum of AS AMENDED, $204,000 or an amount equal to twice the SRVP's annual
salary, including allowances and/or bonuses; (b) failure to perform due to ill
health, the Company will have provided for disability insurance or other
funding sources to pay the disabled SRVP 65% of his salary, including
allowances and/or bonuses, that were in effect at the time of his disability
through the remaining term of this contract; and (c) voluntary withdrawal, the
Company will have provided a retirement benefit equal to 55% of the SRVP's cumulative
salary, including allowances and/or bonuses, which shall be payable upon
withdrawal from office.

3. Compensation of the SRVP
shallbe by salary payable semimonthly, by bonuses consistent with certain
thresholds of performance and through a stock option plan to be established by
the Board of Directors. For the period, AS AMENDED, January 1, 2003 through
December 31, 2003 the SRVP is to be paid a base salary of $8,500 per month. The
SRVP is to receive full health plan coverage which extends to his spouse, an
automobile allowance of $500 per month; term life and disability insurance.

4. The SRVP, will not at any
time during the tenure of this agreement, or for a period of three years
subsequent to the termination of this agreement, engage in any business
competitive to that of Cyberlux Corporation unless such engagement may be on
behalf of or inure to the benefit of the Company.

 

 

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Cyberlux Corporation

5. Any dispute that may arise concerning fulfillment
of the terms and conditions of this contract will be resolved by binding
arbitration of the parties hereto. Each party shall select one arbitrator and
both such arbitrators shall select a third The arbitration will be governed by
the rules of the American Arbitration Association then in force.

6. The terms and conditions
of this contract will continue to any successor ownership of Cyberlux
Corporation that may occur through reorganization, merger with or acquisition
by another entity or entities. This agreement constitutes the complete
understanding between the Company and Alan H. Ninneman unless amended by a
subsequent written instrument signed by both parties.

Cyberlux
Corporation                                        Executive
Employee

 

By  /s/  Donald
F. Evans                                           /s/ Alan H. Ninneman      

Donald F.
Evans                                                            Alan
H. Ninneman

Its President
& Chairman of of the Board                   Title: Senior Vice President

 

Attest:

 

By  /s/  John
W. Ringo                      

John W. Ringo

Its Secretary
& Director

 

 

 

2EXHIBIT 10.3

EXHIBIT 10.3

 

Cyberlux Corporation

Executive Employment Agreement

This agreement is effective
as of July 1, 2000, by and between Cyberlux Corporation ("Employer")
and John W. Ringo ("Executive Employee) AMENDED as of January 1, 2003.

For good and valuable
consideration, receipt of which is hereby acknowledged, the Employer
(hereinafter "the Company" or "Cyberlux') employs the Executive
Employee in accordance with the following terms and conditions:

            1.         The
Executive Employee shall perform the following duties and fulfill the following
responsibilities: (a) the Executive Title shall be Secretary and Corporate
Counsel (hereinafter "Sec/Counsel); (b) duties shall extend to all legal
protocols of the Company including responses to and timely report filings with
the US SEC and all other governmental agencies; oversight of accounting
policies, procedures and reports including audits and auditors; maintenance of
official records of the Company; oversight of the Company's stock transfer;
response to shareholder inquiries in transfer matters; representation of the
Company in defense or plaintiff capacities; and, (c) accountability to the
President, Chief Executive for the foregoing.

            2.         The
Sec/Counsel's employment under this agreement shall commence on July 1, 2000
and shall, AS AMENDED, terminate on Jane 30, 2008. The Sec/Counsel's contract
of employment may otherwise terminate upon occurrence of any of the following
events: (a) death or disability of the Sec/Counsel; (b) failure of the
Sec/Counsel to perform his duties satisfactorily due to ill health or consensus
of the Board of Directors; or (c) voluntary withdrawal from office after
nomination of a duly qualified successor. In the event of (a) death or
disability, the Company will have provided for insurance or other funding
source to pay to the spouse or the Sec/Counsel a minimum of, AS AMENDED,
$204,000 or an amount equal to twice the Sec/Counsel's annual salary, including
allowances and/or bonuses; (b) failure to perform due to ill health, the
Company will have provided for disability insurance or other funding sources to
pay the disabled Sec/Counsel 65% of his salary, including allowances and/or
bonuses, that were in effect at the time of his disability through the
remaining term of this contract; and (c) voluntary withdrawal, the Company will
have provided a retirement benefit equal to 55% of the Sec/Counsel's cumulative
salary, including allowances and/or bonuses, which shall be payable upon
withdrawal from office.

            3.         Compensation
of the Sec/Counsel shall be by salary payable biweekly, by bonuses consistent
with certain thresholds of performance and through a stock option plan to be
established by the Board of Directors. For the period, AS AMENDED, January 1,
2003 through December 31, 2003, the Sec/Counsel is to be paid a base salary of
$8,500 per month. The Sec/Counsel is to receive fall health plan coverage which
extends to his spouse, an automobile allowance of $500 per month; term life and
disability insurance.

 

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Cyberlux Corporation

            4.         The
Sec/Counsel, John W. Ringo, will not at any time during the tenure of this
agreement, or for a period of three years subsequent to the termination of this
agreement, engage in any business competitive to that of Cyberlux Corporation
unless such engagement may be on behalf of or inure to the benefit of the
Company.

            5. Any dispute that may arise concerning fulfillment of
the terms and conditions of this contract will be resolved by binding
arbitration of the parties hereto. Each party shall select one arbitrator and
both such arbitrators shall select a third. The arbitration will be governed by
the rules of the American Arbitration Association then in force.

            6.         The terms
and conditions of this contract will continue to any successor ownership of
Cyberlux Corporation that may occur through reorganization, merger with or
acquisition by another entity or entities. This agreement constitutes the
complete understanding between the Company and John W. Ringo unless amended by
a subsequent written instrument signed by both parties.

Cyberlux Corporation                                                Executive
Employee

 

 

By  /s/  Donald F. Evans       _                        /s/ John W. Ringo                              

Donald F. Evans                                              John
W. Ringo

Its Chief Executive Officer                             Title:
Secretary/Corporate Counsel

 

 

Attest: By  /s/Alan H. Ninneman     

Alan H. Ninneman

Its Senior Vice President

 

 

2EXHIBIT 10.4

EXHIBIT 10.4

Cyberlux Corporation

 

Executive Employment
Agreement

This agreement of employment is effective as of
January 1, 2003, by and between Cyberlux Corporation ("Employer") and David D.
Downing ("Executive Employee").

For good and valuable consideration, receipt of
which is hereby acknowledged, the Employer (hereinafter "the Company"
or "Cyberlux") employs the Executive Employee in accordance with the
following terms and conditions.

1. The Executive Employee shall perform the
following duties and fulfill the following responsibilities: (a), the Executive
Title shall be Treasurer, Chief Financial Officer (hereinafter
"CFO"); (b) duties shall extend to management of the Company's
financial operations including all accounting procedures, internal audit,
timely filing of reports with the SEC or other governmental agencies, cash flow
forecasting and capital accumulation planning. The CFO reports directly to the
President/CE0.

2. The CFO's employment under this agreement shall
commence on January 1, 2003 and shall terminate on June 30, 2008. The CFO's
contract of employment may otherwise terminate upon occurrence of any of the
following events: (a) death or disability of the CFO; (b) failure of the CFO to
perform his duties satisfactorily due to ill health or consensus of the Board
of Directors; or (c) voluntary withdrawal from office after nomination of a
duly qualified successor. In the event of (a) death or disability, the Company
will have provided for insurance or other funding source to pay to the spouse
of the CFO a minimum of $204,000 or an amount equal to twice the CFO's annual
salary, including allowances and/or bonuses; (b) failure to perform due to ill
health, the Company will have provided for disability insurance or other
funding sources to pay the disabled CFO 65% of his salary, including allowances
and/or bonuses, that were in effect at the time of his disability through the
remaining term of this contract; and (c) voluntary withdrawal, the Company will
have provided a retirement benefit equal to 55% of the CFO's cumulative salary,
including allowances and/or bonuses, which shall he payable upon withdrawal
from office.

3. Compensation of the CFO shall be by salary
payable semimonthly, by bonuses consistent with certain thresholds of performance
and through a stock option plan to be established by the Board of Directors.
For the period January 1, 2003 through December 31, 2003 the CFO is to be paid
a base salary of $8,500 per month The CFO is to receive full health plan
coverage which extends to his spouse, an automobile allowance of $500 per
month; term life and disability insurance.

4. The CFO, will not at any time during the tenure
of this agreement, or for a period of three years subsequent to the termination
of this agreement, engage in any business competitive to that of Cyberlux
Corporation unless such engagement may be on behalf of or inure to the benefit
of the Company.

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Cyberlux Corporation

5. Any dispute that may arise concerning fulfillment
of the terms and conditions of this contract will be resolved by binding
arbitration of the parties hereto. Each party shall select one arbitrator and
both such arbitrators shall select a third. The arbitration will be governed by
the rules of the American Arbitration Association then in force.

6. The terms and conditions of this contract will
continue to any successor ownership of Cyberlux Corporation that may occur
through reorganization, merger with or acquisition by another entity or
entities. This agreement constitutes the complete understanding between the
Company and David D. Downing unless amended by a subsequent written instrument
signed by both parties.

Cyberlux
Corporation                                                Executive
Employee

 

 

By /s/
Donald F. Evans                                              /s/ David D. Downing

Donald F.
Evans                                                         David
D. Downing

President
& Chairman of the Board                         Title:
Treasurer, CFO

 

Attest:

 

By /s/ John W. Ringo                        

John W. Ringo

Secretary & Director

 

 

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