Document:

Exhibit 10.11

 

AMENDED EMPLOYMENT AGREEMENT

 

This Amended Employment Agreement, between Illini Bio-Energy (the “Company”) and Sara B. Wilcox (the “Employee”) amends
the prior Agreement between the parties that commenced April 26, 2004.

 

The Company agrees to continue the Employee’s employment, and the
Employee agrees to continue to be employed according to the following terms and
conditions.

 

1.               Term of Employment.  This Amended Agreement commences September 19,
2005, and continues until termination set forth below.

 

2.               Salary. 
The Company shall pay Employee an annual salary of $48,000 (prorated for
partial year service), less necessary deductions and withholding, , payable
according to normal payroll practices of the Company.

 

3.               Duties and Position.  The Company employs the Employee as Vice
President – Project Development.  The
Employee’s duties may be reasonably modified at the Company’s discretion from
time to time.

 

4.               Employee to Devote Full Time to Company.  The Employee will devote full time, attention
and energies to the business of the Company, and, during this employment will
not engage in any other business activity, regardless whether such activity is
pursued for profit, gain, or other pecuniary advantage.  Employee is not prohibited from making personal
investments in any other businesses provided those investments do not require
active involvement in the operation of said companies.

 

5.               Confidentiality of Proprietary Information.  The Employee agrees, during or after the term
of this employment, not to reveal confidential information or trade secrets to
any person, firm, corporation, or entity. 
Should Employee reveal or threaten to reveal this information, the
Company shall be entitled to injunctive relief and any other remedies it has
against the Employee for a breach or threatened breach of this condition,
including the recovery of damages from the Employee.

 

6.               Reimbursement of Expenses.  The Employee may incur reasonable expenses
for furthering the Company’s business, including expenses for entertainment,
mileage (IRS rate), travel, and similar items. The Company shall reimburse
Employee for all business expenses after the Employee presents an itemized
account of expenditures, pursuant to Company policy.

 

7.               Vacation. 
The Employee shall be entitled to a paid annual vacation of three
weeks.

 

8.               Holidays. 
The Employee shall be paid for the following holidays: New Year’s Day,
Memorial Day, July 4, Labor Day, Thanksgiving Day, and Christmas Day.

 

9.               Sick Time. Sick time shall accumulate at
the rate of 5.6 hours per month.  Sick
time can accrue to a maximum of 240 hours but shall have no value upon
termination..

 

10.         Disability. 
In the event that the Employee cannot perform the duties because of
illness or incapacity for a period of more than 4.5 weeks or the amount of
accumulated vacation or sick time, whichever is greater, the compensation
otherwise due during said illness or incapacity will be reduced by 50% (fifty
percent).  The Employee’s full
compensation will be reinstated upon return to work.  However, if the Employee is absent from work
for any reason for a continuous period of over six weeks, the Company may
terminate the Employee’s employment, and the Company’s obligations under this
agreement will cease on that date.

 

 

11.         Termination of Agreement.  The Company may terminate this Agreement
without cause at any time upon 30 days written notice to the Employee.  If the Company requests, the Employee will
continue to perform her duties and may be paid her regular salary up to the
date of termination.  At the Company’s
sole discretion, Company may terminate Employee’s employment immediately and
elect to pay Employee in lieu of notice. In addition, the Company will pay the
Employee a severance payment of $12,000 less necessary deductions and withholding,
in exchange for Employee’s properly executed and unrescinded Release of Claims
against the Company. The Employee may terminate employment, without cause,  upon 30 days’ written notice to the
Company.  Employee may be required to
perform her duties and will be paid the regular salary to date of termination
but shall not receive a severance payment. 
Notwithstanding anything to the contrary contained in this Agreement,
the Company may terminate the Employee’s employment upon 30 days’ notice to the
Employee should any of the following events occur:

 

a.               The sale of
substantially all of the Company’s assets to a single purchaser or group of
associated purchasers; or

 

b.              The sale, exchange,
or other disposition, in one transaction of the majority of the Company’s
outstanding corporate shares; or

 

c.               The Company’s
decision to terminate its business and liquidate its assets;

 

d.              The merger or
consolidation of the Company with another company.

 

e.               Bankruptcy or
chapter 11 reorganization.

 

12.         Death Benefit.  Should Employee die during the term of
employment, the Company shall pay to Employee’s estate any compensation due
through the end of the month in which death occurred.

 

13.         Restriction on Post Employment Competition.  For a period of 2 (two) years after the end
of employment, for whatever reason, the Employee shall not control, consult
with or be employed by any business similar to that conducted by the Company,
within Employer’s general trading area, nor shall Employee solicit any
customers, prospective customers or accounts of the Company during this period.

 

14.         Assistance in Litigation.  Employee shall upon reasonable notice,
furnish such information and proper assistance to the Company as it may
reasonably require in connection with any litigation in which it is, or may
become, a party either during or after employment.

 

15.         Effect of Prior Agreements.  This Agreement supersedes any prior agreement
between the Company or any predecessor of the Company and the Employee.

 

16.         Settlement by Arbitration.  Any claim or controversy that arises out of
or relates to this Agreement, or the breach of it, shall be settled by
arbitration in accordance with the rules of the American Arbitration
Association.  Judgment upon the award
rendered may be entered in any court with jurisdiction.

 

17.         Limited Effect of Waiver by Company.  Should Company waive breach of any provision
of this Agreement by the Employee, that waiver will not operate or be construed
as a waiver of further breach by the Employee.

 

18.         Severability.  If, for any reason, any provision of this
Agreement is held invalid, all other provisions of this Agreement shall remain
in effect.  .

 

19.         Assumption of Agreement by Company’s Successors and
Assignees.  The Company’s
rights and obligations under this Agreement will inure to the benefit of and
bind the Company’s successors and assignees.

 

Employment
Contract – Sara B. Wilcox

 

2

 

20.         Oral Modifications Not Binding.  This instrument is the entire agreement of
the Company and the Employee.  Oral
changes have no effect.  It may be
altered only by a written agreement signed by the party against whom
enforcement of any waiver, change, modification, extension, or discharge is
sought.

 

Signed this 26th day of September 2005.

 

	
  Illini
  Bio-Energy

  	
  Sara B.
  Wilcox

  
	
   

  	
   

  
	
   

  	
   

  
	
    /s/ Ernest D. Moody

  	
   

  	
    /s/ Sara B. Wilcox

  
	
  Its President

  	
  Employee

  
			

 

3Exhibit 10.12

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement, is between Illini
Bio-Energy (the “Company”) and Tricia
B. Kinner (the “Employee”).

 

The Company agrees to employ Employee, and the Employee agrees to
accept employment according to the following terms and conditions.

 

1.               At Will Employment.  The parties agree that Employee is employed “at
will” and either party, with or without cause or notice, may terminate
employment at any time.

 

2.               Salary. 
The Company shall pay Employee an annual salary of $25,000 (prorated for
partial year service), less necessary deductions and withholding, payable
according to normal payroll practices of the Company.

 

3.               Duties and Position.  The Company employs the Employee as Vice
President-Administration.  The Employee’s
duties may be reasonably modified at the Company’s discretion from time to
time. The parties understand that employee’s position is considered exempt from
overtime compensation under 820 ILCS 105/4a.

 

4.               Employee to Devote Full Time to Company.  The Employee will devote full time, attention
and energies to the business of the Company, and, during this employment will
not engage in any other business activity, regardless whether such activity is
pursued for profit, gain, or other pecuniary advantage.  Employee is not prohibited from making
personal investments in any other businesses provided those investments do not
require active involvement in the operation of said companies.

 

5.               Confidentiality of Proprietary Information.  The Employee agrees, during or after the term
of this employment, not to reveal confidential information or trade secrets to
any person, firm, corporation, or entity. 
Should Employee reveal or threaten to reveal this information, the
Company shall be entitled to injunctive relief and any other remedies it has
against the Employee for a breach or threatened breach of this condition,
including the recovery of damages from the Employee.

 

6.               Reimbursement of Expenses.  The Employee may incur reasonable expenses
for furthering the Company’s business, including expenses for entertainment,
mileage (IRS rate), travel, and similar items. The Company shall reimburse
Employee for all business expenses after the Employee presents an itemized
account of expenditures, pursuant to Company policy.

 

7.               Vacation. 
The Employee shall be entitled to a yearly vacation of two weeks
at full pay.

 

8.               Holidays. 
The Employee shall be paid for the following holidays: New Year’s Day,
Memorial Day, July 4, Labor Day, Thanksgiving Day, and Christmas Day.

 

9.               Sick Time. Sick time shall accumulate at
the rate of 5.6 hours per month.  Sick
time can accrue to a maximum of 240 hours but shall have no value upon
termination..

 

10.         Disability. 
In the event that the Employee cannot perform the duties because of
illness or incapacity for a period of more than 4.5 weeks or the amount of
accumulated vacation or sick time, whichever is greater, the compensation
otherwise due during said illness or incapacity will be reduced by 50% (fifty
percent).  The Employee’s full compensation
will be reinstated upon return to work. 
However, if the Employee is absent from work for any reason for a
continuous period of over six weeks, the Company may terminate the Employee’s
employment, and the Company’s obligations under this agreement will cease on
that date.

 

 

11.         Death Benefit.  Should Employee die during the term of
employment, the Company shall pay to Employee’s estate any compensation due
through the end of the month in which death occurred.

 

12.         Assistance in Litigation.  Employee shall upon reasonable notice,
furnish such information and proper assistance to the Company as it may
reasonably require in connection with any litigation in which it is, or may
become, a party either during or after employment.

 

13.         Effect of Prior Agreements.  This Agreement supersedes any prior agreement
between the Company or any predecessor of the Company and the Employee.

 

14.         Settlement by Arbitration.  Any claim or controversy that arises out of
or relates to this Agreement, or the breach of it, shall be settled by
arbitration in accordance with the rules of the American Arbitration
Association.  Judgment upon the award
rendered may be entered in any court with jurisdiction.

 

15.         Limited Effect of Waiver by Company.  Should Company waive breach of any provision
of this Agreement by the Employee, that waiver will not operate or be construed
as a waiver of further breach by the Employee.

 

16.         Severability.  If, for any reason, any provision of this
Agreement is held invalid, all other provisions of this Agreement shall remain
in effect.

 

17.         Assumption of Agreement by Company’s Successors and
Assignees.  The Company’s
rights and obligations under this Agreement will inure to the benefit of and
bind the Company’s successors and assignees.

 

18.         Oral Modifications Not Binding.  This instrument is the entire agreement of
the Company and the Employee.  Oral
changes have no effect.  It may be
altered only by a written agreement signed by the party against whom
enforcement of any waiver, change, modification, extension, or discharge is
sought.

 

19.         Right to Review Contract Prior to Signing.  Employee understands that she has the right
to review this contract with her attorney prior to its execution.

 

20.         Further Rules and Restrictions.  Employee agrees and understands that the
Company may add further employment requirements through Employee Handbooks,
policies, directives and the like. 
Employee agrees to comply with all reasonable policies and rules adopted
by the Company.

 

Signed this 26th day of September 2005.

 

	
  Illini Bio Energy

  	
  Tricia B. Kinner

  
	
   

  	
   

  
	
   

  	
   

  
	
    /s/ Ernest D. Moody

  	
   

  	
    /s/ Tricia B. Kinner

  
	
  Its President

  	
  Employee

  
			

 

Employment Contract – Tricia B.
Kinner

 

2

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