Document:

ex-10_2.htm - Generated by SEC Publisher for SEC Filing

 

 

Employment Agreement 

 

This Agreement  is  effective 
May  1st 2010 by  and  between 
Health  Education Corporation a  Utah
corporation, hereinafter  called  ("Employer")  and  Diana  Brown,  an  individual  (hereinafter  called  "Manager"). 

 

 

Recitals

 

A.                
The  Manager 
has  acquired  outstanding  and special skills  and  abilities  and  an
extensive background  in  and  knowledge  of  the  Employer's  industry. 

 

B.                 
 The Employer 
has  employed  Manager 
since  March  4th 2008 and  has  had  an
employee agreement  in  place.  This  new  agreement  will  supersede  the  existing  agreement and will  also  supersede  any  written  or  oral  agreements  made  to date during  the  Managers employment.

 

C.                
The  Manager 
desires  to  continue 
to  be  employed by the  Employer 
and  is  willing to do  so  on  the  following  terms  and  conditions. 

 

1.                 
Employee's  Duties  and  Authority.  The  Employer 
shall  employ  the  Manager  as Customer Accounts  Manager  or  in  such  other  capacity 
or  capacities  as  the  Employer 
may from time  to  time  prescribe. 

 

2.                 
 Other Business  Activities.     During
employment,  the  Manager 
shall  devote  his / her  work  efforts  to  the  performance  of  this  Agreement 
and  shall  not,  without  the Employer's prior  written  consent, 
render  to  others 
services  of  any  kind  for  compensation,
or engage  in  any  other  business  activity 
that  would  materially  interfere  with  the performance of his  / her  duties 
under  this  Agreement. 

 

2.1              
Reasonable  Time  and  Effort 
Required.   During  his  I  her 
employment,  the Manager shall  devote  such  time,  interest, 
and  effort  to  the  performance  of  this  Agreement as may  be  fair  and  reasonable. 

 

3.                  
Non-Competition  During  Employment.  During  the  employment  term,  the Manager shall  not,  in  any  fashion 
participate  or  engage  in  any  activity  or  other  business competitive with  the  Employer's  business.   In  addition,  the  Manager,  while  employed,
shall not  take  any  action 
without  the  Employer's  prior  written consent to  establish,  form, or
become  employed  by  a  competing  business.   The  Manager's  failure  to  comply  with  the provisions of  the  preceding 
sentence  shall  give  the  Employer 
the  right  (in  addition  to  all
other remedies  the  Employer  may  have)  to  terminate
any benefits  or  compensation 

written or  orally  expressed  during  the  time  of  employ. 

 

 

 

4.                  
 Term of Employment.   The Manager  has  been  employed  Since 
March  4th  2008 and will  continue 
to  be  employed  continually,  unless  the  Manager 
is  terminated  as provided in  this  Agreement 
or  this  Agreement  is  extended 
by  mutual  written 
consent  of the parties. 

 

5.                 
 Place of  Employment.   During the  employment  term  the  Manager 
shall  perform the services 
required  at  the  Employer's  offices, 
located  at  11487  South  700  East,  Draper, Utah or  other  official 
locations  of  the  company.  The  Manager  acknowledges  that  the Employer may  from  time  to  time  require  the  Manager  to  travel  temporarily  to  other locations on  the  Employer's  business. 

 

6.                 
Salary.  The  Employer 
shall  pay  a  basic  salary 
to  the  Manager  at  the  rate  of 

$56,000 per  year,  payable 
in  equal  biweekly 
installments.  Salary  may  be  amended 
from time to  time  after  an  employee  evaluation 
has  been  held. 

 

6.1             
The  basic  salary  payable 
to  the  Manager  shall  be  analyzed  annually 
beginning May 1st 2011 after  conducting  an  evaluation  by  piers  and  Board  of Directors.

6.2             
 The Manager 
shall  also  receive 
a  yearly  end  bonus  of  10,000  shares  of  the company making  her  a  partial  owner  with  all  voting  rights  and  privileges  associated  with share ownership. 

 

7.                 
 Additional Benefits.    The Manager  shall  receive 
all  other  benefits 
of  employment generally available  to  the  Employer's  other  Manager  and  managerial  Employees including the  following:  Insurance,  vacation,  and  applicable  bonuses.  Management  has agreed to  reward  Manager 
Compensation  of  100% 
of  insurance  costs. 

 

8.                 
 Expenses.  The Employer  shall 
reimburse  the  Manager 
for  reasonable  expenses incurred in  connection with the  Manager's  performance  of  his  I  her  duties 
including travel expenses,  food,  and  lodging 
while  away  from  home,  pursuant 
to  the  Employer's reimbursement policies. 

 

9.                 
 Employee's Right 
of  Ownership.   All inventions  conceived  or  developed  by  the
Manager during  the  term  of  this  Agreement 
for  and  in  behalf  of  Employer  shall  remain
the property  of  the  Employer. As to  all  such  inventions  with  respect  that  the  equipment, supplies, facilities,  or  trade  secret  information  of  the  Employer 
was  used,  or  that  relate 
to the business  of  the  Employer 
or  to  the  Employer's  actual  or  demonstrably  anticipated research and  development,  or  that  result 
from  any  work  performed
by the  Manager  for the Employer 
shall  remain  the  property  of  the  Employer. 

 

10.             
 Indemnification by  Employer.
   The Employer  shall, 
to  the  maximum  extent
permitted by  law,  indemnify  and  hold  the  Manager  harmless 
against  reasonable  attorney fees, judgments,   fines,  settlements,  and  other  amounts 
actually  and  reasonably  incurred  in 

 

 

 

 

connection with  any  proceeding  arising  by  reason  of  the  Manager's  employment 
by  the Employer.

 

11.             
Employer  Termination 

 

11.1         
 Involuntary Termination  of  Agreement.   The Employer  may  terminate  this Agreement without  cause,  either  on  the last
day  of  any  fiscal  year  of  the  Employer  on  one
months' prior  written  notice  to  the  Manager. 

 

11.2         
 Termination for  Cause.   The Employer  may  terminate  this  Agreement
at any time without  notice  if  the  Manager 
commits  any  material 
act  of  dishonesty,  discloses
confidential information,  is  guilty  of  gross  carelessness  or  misconduct,  or  unjustifiably
neglects his  I  her  duties  under  this  Agreement,  or  acts  in  any  way  that  has a direct,
substantial, and  adverse  effect  on  the  Employer's  reputation.  IfTermination  For  Cause  occurs 
due  to  an  illegal  act  by  Manager 
which  may  cause  fiscal  damage 
to  the  Company and its  its  owners,  the  Employer  has  the  right  to  request 
any  ownership  shares  held  by Manager.

 

12.             
Employee  Termination 

 

12.1         
 Termination on  Resignation.   The Manager  may  terminate  this 
Agreement  by giving the  Employer  one  months'  prior  written  notice  of  resignation. 

 

12.2         
 Termination on  Retirement.
   This Agreement  shall  be  terminated 
by  the Manager's voluntary 
retirement,  that  retirement  shall  be  effective 
on  the  last  day  of  any
fiscal year,  provided  that  the  effective  date  ofretirement
  occurs  after  the  Manager's 
65th birthday, and  that  the  Manager 
gives  the  Employer 
six  months'  prior 
written  notice. 

 

12.3         
 Termination on  Disability.   (1) If,during  the  period  of  employment,  the Manager becomes  unable  due  to  mental  or  physical 
illness  or  injury  to  perform 
his  I  her duties under  this  Agreement 
in  his  I  her  normal  and  regular manner, this Agreement 
shall be then  terminated;  and  (2)  the  Employer  has  advised  the  Manager  that  it  currently 

maintains disability  insurance  for  its  Employees,  including 
the  Manager.  During 
the  term of this  Agreement,  the  Employer  shall  maintain  disability  insurance  covering  the 

Manager on  terms  and conditions no  less  favorable 
than  the  terms  and
conditions in  effect at the  date of
this  Agreement. 

 

12.4         
 Termination on  Death.   Ifthe  Manager dies  during 
the  period of employment  this  Agreement  shall  then  be  terminated. 

 

12.5         
 Termination or  Assignment  on  Merger.
   In the  event  of  a  merger  where  the
Employer is  not  the  surviving 
entity,  or  of  a  sale  of  all  or  substantially  all  of  the Employer's assets,  the  Employer 
may,  at  its  sole  option  (1)  assign  this  Agreement   and  all 

 

 

 

 

rights and  obligations  under 
it  to  any  business  entity  that
succeeds to  all  or  substantially all of the  Employer's  business 
through  that  merger 
or  sale  of  assets,  or  (2)  on  at  least  30
days' prior  written notice to  the  Manager,  terminate 
this  Agreement  effective 
on  the  date of
the  merger  or  sale
of assets. 

 

13.             
 Non-disclosure/ Non-compete  After  Termination.  Because of  his  /  her
employment by  the  Employer,  the  Manager  will  have  access 
to  trade  secrets  and
confidential information  about  the  Employer, 
its  products,  its  customers,  and  its  methods of doing  business.   In  consideration  of  his  / her  access  to  this  information,  the  Manager agrees that  for  a  period  of  three  years  after  termination  of  his  / her  employment,  he / she will not  disclose 
such  trade  secrets 
or  confidential  information  to  a  competing 
entity  as  an employee, owner,  consultant, or any  other  position 
which  would  fiscally 
benefit  the Manager.

 

14        Arbitration.  Any controversy  or  claim  arising 
out  of  or  relating  to  this
Agreement, shall  be  settled  by  arbitration  in  accordance  with  the  Commercial  Arbitration Rules of the  American 
Arbitration  Association,  and  Judgment  on  the  award  rendered  by the
arbitrators may be entered in  any  court  having  jurisdiction.   There  shall  be  three
arbitrators, one  to  be  chosen directly by  each  party  at  will,  and  the  third  arbitrator  to  be selected by  the  two  arbitrators  so  chosen.  Each  party  shall  pay  the  fees  of  the  arbitrator he / she  selects 
and  of  his  I  her 
own  attorneys,  and  the  expenses  of  his  / her 
witnesses  and 

all
other  expenses  connected 
with  presenting  his  / her 
case.  Other  costs  of  the  arbitration,
including the cost  of  any  record  or  transcripts  of  the  arbitration,  administrative  fees,  the fee
of  the  third  arbitrator,  and  all  other  fees  and  costs,
shall be  borne  equally  by  the
parties. Despite  the  forgoing,  the  arbitrators  may  assign  to  one  party  or  the  other  any  and
all fees  and  costs  as  part  of  any  arbitration  award. 

 

 

15.             
 Entire Agreement.   This Agreement  contains  the  entire 
Agreement  between  the parties and  supersedes  all  prior  oral  and  written 
Agreements,  understandings,
commitments, and  practices 
between  the  parties. 
No  amendments  to  this  Agreement 
may be made  except  by  a  writing  signed 
by  both  parties. 

 

16.             
 Choice of  Law.   The formation,  construction,  and  performance  of  this  Agreement shall be  construed  in  accordance  with  the  laws  of  Utah 

 

17.             
 Notices.  Any notice  to  the  Employer 
required  or  permitted 
under  this  Agreement shall be  given  in  writing
to the  Employer,  either  by  personal  service or by  registered  or certified mail,  postage
prepaid, addressed  to  Health  Education 
Corporation  Attn:  Tracy Gibbs, at  its  then  principal  place  of  business.   Any  such  notice 
to  the  Manager  shall  be given
in  a  like  manner  and,  if  mailed, 
shall  be  addressed 
to  the  Manager  at  his  I  her 
home address then  shown  inthe  Employer's  files.  For  the  purpose  of  determining  compliance 
with  any  time  limit  in  this  Agreement,  a  notice  shall  be  deemed  to  have  been  duly  given 

(1) on  the  date  of  service,  if  served
personally on  the  party  to  whom
notice is  to  be  given, 

 

 

 

or (2)  on  the  second  business 
day  after  mailing, 
if  mailed  to  the  party  to  whom  the  notice is to  be  given  in  the  manner  provided 
in  this  section. 

 

18. Severability.  If  any  provision  ofthis  Agreement  is  held  invalid 
or  unenforceable, the remainder  of  this  Agreement  shall  nevertheless  remain 
in  full  force 
and  effect.  If  any
provision is  held  invalid  or  unenforceable  with  respect  to  particular  circumstances,  it 

shall
nevertheless  remain  in  full  force  and  effect 
in  all  other  circumstances. 

 

Executed by  the  parties 
as  of  the  day  and  year  first  written  above. 

 

 

Employer

 

/s/ Tracy K Gibbs

By:  Tracy K Gibbs

Title: CEO

 

 

/s/ Diana Brown

Diana Brown

 

 

__________________

Witness

 

04-06-2010

Dateex-10_3.htm - Generated by SEC Publisher for SEC Filing

 

Tuition Assistance  Policy  for  Nutranomics,  Inc. 

 

 

Nutranomics, Inc.  is  willing 
to  pay  for  the  cost  of  Employee  education  for  employees  that  meet   specific criteria 
and  that  will  improve  the  value  of  employees  to  the  Company.   However,  due  to  the   expense involved, 
the  Company  must  have  a commitment from  the  employee 
receiving  the   education; a  commitment  to  insure  they  will  apply  this  education 
while  employed with the   Company.

 

Employee agrees  and  understands  this education is  a  voluntary  effort  for  which  no  wages 
will  be   paid.

 

As consideration  for  the  payment, 
Employee  agrees  to  continue  employment  with  Company,  from   the commencement  of  the  training,
for  an  additional  5  (five)  years,  through  February  25,  2018.  If  for   any reason 
the  Employee  voluntarily  leaves  the  Company, 
or  is  terminated  for  good  cause,  he  or  she   agrees upon  termination  to  repay  the  amount  on   a  prorated basis  of  months  completed  from  the   beginning of  the  training 
to  his  or  her  termination  date.   (See  attached 
spreadsheet) 

 

If Employee 
is  obligated  to  refund  tuition 
reimbursement  under the terms  of  this  Agreement,  the   Company will  withhold  any  amount  due  under
this Agreement  from  Employee's  last  paycheck.  By   signing this 
Agreement,  Employee  expressly  authorizes  and  agrees 
to  have  the  Company  deduct 
any   amounts owed  under 
this  Agreement  from  his/her  last  paycheck.  After  such
deduction, any   remaining balance 
owed  to  the  Company  shall  continue  to  be  an  obligation  of  Employee  to  the   Company. Employee 
agrees  to  repay  any  remaining 
balance  owed  after  the  deduction 
from  the  final   paycheck to  the  Company within 20  (twenty)  business 
days  of  the  date  of  termination. 

 

This agreement 
does  not  constitute  an  Employment  Agreement.  The  employment  relationship   remains "at-will",  meaning Employee and  the  Company 
have  the  right  to  terminate 
employment  at   any time,  with  or  without  notice, and without  the  need  for  cause. 
Employee  understands  that  he  or she must  meet  the  Company's 
standards  of  conduct 
and  performance  during  this  period  of  time.  No   one other  than
the President  of  the  Company 
has  the  authority 
to  alter  this  arrangement  which  will   be provided 
to  the  Employee  in  writing. 

 

Should it  become  necessary 
for  the  Company  to  file  suit  in  order  to  collect  these  costs,  Employee   agrees to  pay  all  costs  of  said  suit, 
attorney's  fees,  and  other  related 
costs  by  the  Company,  as  well  as   interest all  owed  at  the  legal  rate  on  the  amount  owed  to  the  Company. 

 

Employee's signature 
below  indicates  that  the  Employee 
has  fully  read  this  Agreement,  fully   understands and  agrees  to  its  terms  and  is  entering  into  this  Agreement 
knowingly  and  voluntarily. 

 

 

/s/ Nathan
Jenson 3-21-13                                              /s/
Tracy Gibbs 3-21-13

Signature of  Employee  &  Date                                       Signature of  Employer  & 
Date 

 

 

 

Month        Incur               Earn Back     Balance 

	
  M a  r-13 

  	
  $1,300.00 

  	
  $433.33

  	
  $867

  
	
  Apr-13 

  	
  $1,300.00

  	
  $433.33

  	
  $1,733 

  
	
  May-13 

  	
  $1,300.00 

  	
  $433.33

  	
  $2, 600 

  
	
  Jun-13 

  	
  $1,300.00

  	
  $433.33

  	
  $3,467

  
	
  Jul-13

  	
  $1,300.00

  	
  $433.33

  	
  $4,333

  
	
  Aug-13 

  	
  $1,300.00 

  	
  $433.33

  	
  $5,200

  
	
  Sep-13

  	
  $1,300.00 

  	
  $433.33

  	
  $6,067

  
	
  Oct-13

  	
  $1,300.00

  	
  $433.33

  	
  $6,933 

  
	
  Nov-13 

  	
  $1,300.00 

  	
  $433.33

  	
  $7, 800 

  
	
  Dec-13 

  	
  $1,300.00 

  	
  $433.33

  	
  $8,667

  
	
  Jan-14

  	
  $1,300.00

  	
  $433.33

  	
  $9, 533 

  
	
  Feb-14 

  	
  $1,  300.00 

  	
  $433.33

  	
  $10,400 

  
	
  Mar-14 

  	
  $1.300.00

  	
  $433.33

  	
  $11,267 

  
	
  Apr-14 

  	
  $1,300.00

  	
  $433.33

  	
  $12,133

  
	
  May-14 

  	
  $1,  300.00 

  	
  $433.33

  	
  $13,  000 

  
	
  Jun-14

  	
  $1,300.00

  	
  $433.33

  	
  $13,867 

  
	
  Jul-14 

  	
  $1,300.00 

  	
  $433.33

  	
  $14,733 

  
	
  Aug-14 

  	
  $1,300.00

  	
  $433.33

  	
  $15,  600 

  
	
  Sep-14 

  	
  $1,300.00 

  	
  $433.33

  	
  $16,467

  
	
  Oct-14

  	
  $1,300.00 

  	
  $433.33

  	
  $17,333 

  
	
  Nov-14 

  	
   

  	
  $433.33

  	
  $16,900 

  
	
  Dec-14

  	
   

  	
  $433.33

  	
  $16,467

  
	
  Jan-15 

  	
   

  	
  $433.33

  	
  $16,033 

  
	
  Feb-15 

  	
   

  	
  $433.33

  	
  $15,  600 

  
	
  Mar-15 

  	
   

  	
  $433.33

  	
  $15,167 

  
	
  Apr-15 

  	
   

  	
  $433.33

  	
  $14,733 

  
	
  May-15 

  	
   

  	
  $433.33

  	
  $14,300

  
	
  Jun-15

  	
   

  	
  $433.33

  	
  $13,  867 

  
	
  Jul-15 

  	
   

  	
  $433.33

  	
  $13,433 

  
	
  Aug-15

  	
   

  	
  $433.33

  	
  $13,  000 

  
	
  Sep-15

  	
   

  	
  $433.33

  	
  $12,  567 

  
	
  Oct-15

  	
   

  	
  $433.33

  	
  $12,133

  
	
  Nov-15

  	
   

  	
  $433.33

  	
  $11,700 

  
	
  Dec-15

  	
   

  	
  $433.33

  	
  $11, 
  267 

  
	
  Jan-16 

  	
   

  	
  $433.33

  	
  $10,833 

  
	
  Feb-16 

  	
   

  	
  $433.33

  	
  $10,400 

  
	
  Mar-16

  	
   

  	
  $433.33

  	
  $9, 967 

  
	
  Apr-1 6 

  	
   

  	
  $433.33

  	
  $9,533

  
	
  May-16 

  	
   

  	
  $433.33

  	
  $9,100 

  
	
  Jun-16 

  	
   

  	
  $433.33

  	
  $8,667

  
	
  Jul-16 

  	
   

  	
  $433.33

  	
  $8,233 

  
	
  Au g-16 

  	
   

  	
  $433.33

  	
  $7, 800 

  
	
  Sep-16 

  	
   

  	
  $433.33

  	
  $7 ,367 

  
	
  Oct-16

  	
   

  	
  $433.33

  	
  $6, 933 

  
	
  Nov-16

  	
   

  	
  $433.33

  	
  $6,500

  
	
  Dec-16

  	
   

  	
  $433.33

  	
  $6,067

  
	
  Jan-17 

  	
   

  	
  $433.33

  	
  $5, 633 

  

 

 

 

 

	
  Feb-17 

  	
  $433.33

  	
  $5,2  00 

  
	
  Mar-17

  	
  $433.33

  	
  $4,767

  
	
  Apr-17

  	
  $433.33

  	
  $4,333

  
	
  May-17 

  	
  $433.33

  	
  $3,900

  
	
  Jun-17 

  	
  $433.33

  	
  $3,467

  
	
  Jul-17

  	
  $433.33

  	
  $3,033

  
	
  Aug-17

  	
  $433.33

  	
  $2,600

  
	
  Sep-17 

  	
  $433.33

  	
  $2,167 

  
	
  Oct-17

  	
  $433.33

  	
  $1,733 

  
	
  Nov-17

  	
  $433.33

  	
  $1,  300 

  
	
  Dec-17

  	
  $433.33

  	
  $867

  
	
  Jan-18 

  	
  $433.33

  	
  $433

  
	
  Feb-18 

  	
  $433.33

  	
  $0

  

 

 

 

Employment Agreement 

Memorandum

 

To:               Nate Jenson 

 

From:           Tracy Gibbs 

 

Date:            May 14,  2012 

 

Subject:       Employment Agreement 

 

 

 

 

Attached to  this  memorandum 
is  an  Employment  Agreement,  the  purpose  of  which  is spell
out  the  terms  and  conditions 
of  your  employment  relationship  with  NutraNomics 

 

 

 

 

 

Employment Agreement 

 

This Agreement 
is  effective  May 14,
2012  by  and  between  NutraNomics  a  Utah corporation, hereinafter called ("Employer")  and  Nathan  Jenson, 
an  individual  (hereinafter   called  "Employee"). 

 

 

Recitals

 

A.                 
The  Employee  has  acquired  skills 
and  training  and  gained  knowledge  of  the Employer's industry.

 

B.                 
The  Employer 
has  employed  Nathan 
Jenson  as  Chief  Financial  Officer 
and  he  has been an  employee 
since  May  14,  2012. 

 

C.                 
 The Employee 
desires  to  continue 
to  be  employed  by  the  Employer  and  is  willing to
do  so  on  the  following 
terms  and  conditions. 

 

1.     
At  Will.  The  Employee 
is  hereby  employed 
by  NutraNomics  and  employment  is at will,  which 
means  that  either 
party  can  terminate  the  employment  relationship at any  time  with  or  without 
prior  notice.  There  is  no  specific  length  of
employment written,  verbal, 
or  implied. 

 

2.      Accuracy of Information.    NutraNomics  relies 
upon  the  accuracy 
of  the information submitted 
of  the  employee  in  his/her  resume  and  elsewhere  during the hiring  process.   Any  misrepresentations,
falsifications, or  material 
omissions in any  of  this  information  or  data  may  result  in  the  termination  of  employment. As part  of  the  hiring  process 
or  thereafter,  NutraNomics  may  obtain  a  consumer
report, a  criminal  background  check  or  seek  to  verify  your  work  history  or  other
information contained in your  application  or  resume. 
If  adverse  employment action is  taken  based  in  whole  or  in  part  as  a  result  of  theses  inquiries,  you  will  be notified and  may  be  given  a  chance  to  dispute  the  information. 

 

3.       Employee's  Duties  and  Authority.   The
Employer shall employ the Employee in such other  capacity 
or  capacities  as  the  Employer 
may  from  time  to  time 

prescribe.   Employee 
shall  fully  perform  all  duties, 
responsibilities  and  services requested by  NutraNomics,  their  on-site  supervisors,  and  management. 

Moreover, at  all  times  during  employment  with  NutraNomics,  the  Employee  shall strictly adhere  to  and  comply  with  the  rules  and  regulations  in  NutraNomics  Employee 
Handbook  now  in  effect  or  as  subsequently  modified. 

 

4.      Other  Business 
Activities.    During  employment,  the  Employee   shall  devote  his/ her
work  efforts  to  the  performance  of  this  Agreement 
and  shall  not,  without  the Employer's prior  written  consent, 
engage  in  any  other  business 
activity  that  would materially interfere  with  the  performance  of  his/  her  duties  under  this  Agreement. 

 

 

 

 

4.1 Reasonable  Time  and  Effort  Required.   During his/  her  employment,  the Employee shall  devote  such
time, interest,  and  effort  to  the  performance  of  this Agreement as  may  be  fair  and  reasonable. 

 

5.       Non-Competition During Employment     During the  employment  term,  the
Employee shall  not,  in  any  fashion,  participate  or  engage  in  any  activity 
or  other business competitive  with  the  Employer's  business.   In  addition, 
the  Employee, while employed,  shall  not  take  any  action  without  the  Employer's  prior  written
consent to  establish,  form,  or  become  employed 
by  a  competing  business.   The Employees' failure  to  comply  with  the  provisions  of  the  preceding 
sentence  shall give the  Employer  the  right  (in  addition  to  all  other  remedies  the  Employer  may have) to  terminate  any  benefits  or  compensation  wTitten  or  orally  expressed 
during  the  time  of  employ. 

 

6.       Place of  Employment.    During the  employment 
term  the  Employee 
shall  perform the services 
required  at  the  Employer's  offices, 
located  at  11487 
South  700  East Draper, Utah  84020  or  other  official 
locations  of  the  company. 

 

7.       Salary.   The Employer 
shall  pay  monthly  to  the  Employee  the  rate  of  $5,500.00,
payable every  2  weeks.  The  Employee  is  to  work 40 hours  per  week  unless otherwise determined  by  duties.   The  Employee 
shall  receive  as  a  bonus,  1%  of  annual  profit, 
paid  in  the  first  quarter 
following  the  fiscal  year. 

 

8.       Additional Benefits.    As
The  Employee  has  been  working 
for  Nutranomics  on  a
contract basis  for  two  and  a  half  years,  he  is  entitled 
to  receive  other  benefits  of employment generally  available  to  the  Employees 
who  have  reached 
their  90  day trial
period,  including  4  (four)  free  NutraNomics  products 
per  month,  10  vacation
days per  year,  paid  holidays,  and  health  insurance  in  accordance  with  the
employee handbook. 

 

9.     Expenses.   The Employer 
shall  reimburse  the  Employee  for  reasonable  expenses incurred in  connection  with  the  Employee's  performance  of  his  I  her 
duties including travel  expenses, 
food,  and  lodging 
while  away  from  home,  pursuant 
to the Employer's  reimbursement  policies. 

 

10.  Employee's Right  of  Ownership.    All inventions  conceived  or  developed 
by  the Employee during 
the  term  of this Agreement  for  and  in  behalf  of  Employer  shall remain the  property  of the Employer.  As  to  all  such  inventions  with  respect  that the
equipment,  supplies,  facilities,  or  trade  secret 
information  of  the  Employer
was used,  or  that  relate  to  the  business  of  the  Employer 
or  to  the  Employer's actual or  demonstrably  anticipated  research  and  development,  or  that  result  from
any work  performed  by  the  Employee  for  the  Employer 
shall  remain  the  property
of the  Employer. 

 

 

 

  

 

11.    Indemnification By  Employer.    The Employer  shall,  to the maximum  extent permitted by  law,  indemnify  and  hold  the  Employee  harmless  against  reasonable attorney fees,  judgments,  fines,  settlements,  and  other  amounts  actually  and Employee's employment by  the  Employer. 

 

12.   Employer   Termination 

 

12.1      Involuntary Termination  of  Agreement.    Employement is  also  at  will  (see C l  ). 

 

12.2      Termination For  Cause.   The Employer  may  terminate  this  Agreement  at any time  without  notice  if  the  Employee  commits  any  material  act  of dishonesty, discloses  confidential  information,  is  guilty  of  gross 

carelessness or  misconduct,  or  unjustifiably  neglects  his  I  her  duties  under this Agreement,  or  acts  in  any  way  that  has  a  direct,  substantial,  and adverse effect  on  the  Employer's  reputation.  If  Termination  For  Cause occurs due  to  an  illegal  act  by  the  Employee  which  may  cause  fiscal damage to  the  Company  and  its  its  owners,  the  Employer  has  the  right  to request any  ownership  shares  held  by  the  Employee. 

 

13.   Employee   Termination 

 

13.1      Termination on Resignation.   The Employee  may  terminate  this  Agreement  by giving the  Employer  one  months'  prior  written  notice  of  resignation. 

 

13.2      Termination on  Retirement.    This Agreement  shall  be  terminated  by  the Employee voluntary  retirement,  that  retirement  shall  be  effective  on  the  last  day of any  fiscal  year,  provided  that  the  effective  date  of  retirement  occurs  after  the Employee's 65th  birthday,  and  that  the  Employee  gives  the  Employer  six  months' prior written  notice. 

 

13.3     Termination  on  Disability.  Utah  law  applies. 

 

13.4  Termination on  Death.    If the  Employee dies  during  the  period  of  employment  this  Agreement  shall  then  be  terminated. 

 

13.5  Termination or  Assignment  on  Merger.    In the  event  of  a  merger  where  the Employer is  not  the  surviving  entity,  or  of  a  sale  of  all  or  substantially  all  of  the Employer's assets,  the  Employer  may,  at  its  sole  option  (1)  assign  this  Agreement and all  rights  and  obligations  under  it  to  any  business  entity  that  succeeds  to  all  or substantially all  of  the  Employer's  business  through  that  merger  or  sale  of  assets, or (2)  on  at  least  30  days'  prior  written  notice  to  the  Employee,  terminate  this Agreement effective  on  the  date  of  the  merger  or  sale  of  assets. 

 

14.  Non-disclosure/ Non-compete  After  Termination.   Because of  his / her employment by  the  Employer,  the  Employee  will  have  access  to  trade  secrets and

 

 

  

 

  

 

 

  

 

confidential information  about  the  Employer  which  may  include,  but  is  not limited to,  methods,  processes,  formulas, systems. Techniques,  computer programs, research  projects,  customer  lists,  pricing  data,  sources  of  supply, financial data  and  marketing  its  products,  and  merchandising  systems  or plans.  In consideration  of  his / her  access  to  this  information,  the  Employee  agrees  for  a period of  three  (3)  years  thereaftyer,  notwithstanding  the  cause  or  reason  of termination, Employee  shall  not  disclose  to  any  person,  partnership,  corporation or other  entity,  either  directly  or  indirectly  or use for  Employee's  own  benefit  any confidential information  as  described  above. 

 

15  Arbitration.    Any controversy  or  claim  arising  out  of  or  relating  to  this Agreement, shall  be  settled  by  arbitration  in  accordance  with  the  Commercial Arbitration Rules  of  the  American  Arbitration  Association,  and  Judgment  on  the award rendered  by  the  arbitrators  may  be  entered  in  any  court  having  jurisdiction. There shall  be  three  arbitrators,  one  to  be  chosen  directly  by  each  party  at  will, and the  third  arbitrator  to  be  selected  by  the  two  arbitrators  so  chosen.   Each  party shall pay  the  fees  of  the  arbitrator  he  / she  selects  and  of his / her  own  attorneys, and the  expenses  of his / her  witnesses  and  all  other  expenses  connected  with presenting his  / her  case.   Other  costs  of  the  arbitration,  including  the  cost  of  any record or  transcripts  of the arbitration,  administrative  fees,  the  fee  of  the  third arbitrator, and  all  other  fees  and  costs,  shall  be  borne  equally  by  the  parties.  Despite the  forgoing,  the  arbitrators  may  assign  to  one  party  or  the  other  any  and all fees  and  costs  as  part  of  any  arbitration  award. 

 

16.    Entire Agreement.    Except as  otherwise  provided  in  this  Agreement,  no  change or modification  shall  be  valid  unless  the  same  is  in  writing  and  signed  be  the Employee and  the  General  Manager  of  NutraNomics.   No  waiver  of  any  provision of this  Agreement  shall  be  valid  unless  in  writing  and  signed  be  the  person  against whom it  is  sought  to  be  enforced.   The  failure  of  any  party  to  insist  strict performance of  any  conditions,  promise,  agreement,  or  understanding  set  forth herein, shall  not  be  construed  as  a  waiver  or  a  relinguishment,  of  the  right  to  insist upon strict  performance  of the same  condition,  promise,  agreement,  or understanding at  a  future  time.   The  Agreement  sets  forth  all  of  the  promises, agreements, conditions,  understanding,  warranties,  and  representations  between NutraNomics and  the  Employee  and  in  the  respect  to  the  relationship  established by.

 

17.     Choice of  Law.    The formation,  construction,  and  performance  of this Agreement shall  be  construed  in  accordance  with  the  laws  of  Utah 

 

18.   Notices.   Any  notice  to  the  Employer  required  or  permitted  under  this 

Agreement shall  be  given  in  writing  to  the  Employer,  either  by  personal  service  or by registered  or  certified  mail,  postage  prepaid,  addressed  to  Health  Education Corporation Attn:  Diana  Brown  or  Tracy  Gibbs,  at  its  then  principal  place  of business.  Any  such  notice  to  the  Employee  shall  be  given  in  a  like  

manner and,  if mailed, shall  be  addressed  to  the  Employee  at  his  / her  home  address  then  shown in the  Employer's  files.  For  the  purpose  of  determining  compliance  with  any  time limit in  this  Agreement,  a  notice  shall  be  deemed  to  have  been  duly  given  (I  )  on the date  of  service,  if served personally  on  the  party  to  whom notice is  to  be given, or  (2)  on  the  second  business  day  after  mailing,  if  mailed  to  the  party  to whom the  notice  is  to  be  given  in  the  manner  provided  in  this  section. 

 

 

  

 

19.  Severability.   If  any  provision  of  this  Agreement  is  held  invalid  or unenforceable, the  remainder of this  Agreement  shall  nevertheless  remain  in  full force and  effect.  If  any  provision  is  held  invalid  or  unenforceable  with  respect  to particular circumstances,  it  shall  nevertheless  remain  in  full  force  and  effect  in  all other circumstances. 

 

 

Executed by  the  parties  as  of  the  day  and  year  first  written  above.  This  agreement  shall not be  valid  or  binding  upon  any  of  the  parties  hereto  until  signed  by  the  Employee  and accepted and  signed  by  NutraNomics. 

 

Employer

 

Signature:________________________________             Date:______________

 

Name (print): ____________________________               Title:______________

 

 

 

Employee

 

Signature: /s/ Nathan Jenson                                                Date: 5-9-2012 

 

Name (print): Nathan Jenson

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]