Document:

EXHIBIT
      10.2

    
 

    EMPLOYMENT
      AGREEMENT

     

    THIS
      EMPLOYMENT AGREEMENT
      (“Agreement”) is made and entered into as of the 1st day of July, 2005
      (“Commencement Date”), by and between HYDRON
      TECHNOLOGIES, INC.,
      a New
      York corporation (“Employer or the “Company”), and DAVID
      POLLOCK, an
      individual (“Employee”).

    

    RECITALS

    

    WHEREAS,
      Employer has developed proprietary products and technology, marketed products
      under the HydronTM trademark, and currently sells product under private label
      under the ReversAgeTM brand name of Reliv International, Inc. and has a license
      to use the HydronÔ
      polymer
      for certain products and in certain fields, and a license to use the HydronTM
      trademark and owns certain other trademarks, and licenses and owns certain
      patents relating to development, manufacture, and sale of products for use
      by
      consumers as health and beauty aids (“Employer’s Business”); and

    

    WHEREAS,
      Employer desires to employ Employee as Chief Executive Officer, and Employee
      desires to be employed in such position; and

    

    WHEREAS,
      In
      order to provide for the management of the Company, Employer desires to employ
      Employee to provide such services as may be required hereunder in connection
      with the Employer’s Business; and

    

    WHEREAS,
      Employer, through the expenditure of substantial amounts of money and effort,
      has developed certain confidential and/or proprietary information which has
      become of great value to Employer in establishing and developing relationships
      with current and potential vendors, clients and personnel, and in building
      its
      good will and operations; and, as a result, Employer enjoys certain material
      competitive advantages over its competition; and

    

    WHEREAS,
      Employee will be employed by Employer in a confidential relationship in
      connection with which Employer will disclose certain confidential and/or
      proprietary information to Employee.

     

    NOW,
      THEREFORE,
      in
      consideration of Employee’s employment and other good and valuable
      consideration, receipt of which is hereby acknowledged, the parties hereto
      agree
      as follows:

    

    1.    Recitals.
      The
      Recitals are hereby incorporated into this Agreement by this
      reference.

    

    2.    Employment.
      Employer hereby employs Employee, and Employee hereby accepts employment, upon
      the terms and subject to the conditions contained in this Agreement. Employee
      represents and warrants to Employer that Employee’s execution and delivery of
      this Agreement and the performance of his duties as an employee of Employer
      do
      not and will not breach or conflict with any obligation of Employee to any
      third
      party or any obligation to keep confidential any information acquired by
      Employee prior to his employment hereunder. The parties agree that the
      employment relationship is for an initial term of three (3) years, commencing
      on
      the Commencement Date (the “Initial Term”), and thereafter is on an at-will
      basis and the Employer and Employee, each party has the right and ability to
      terminate Employee’s employment at any time by written notice to the other after
      the Initial Term for any reason or no reason, but until such notice is
      delivered, this Agreement shall continue in full force and effect (the
“Term”).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.    Duties.
      Employee shall be employed as Chief Executive Officer of the Company, shall
      faithfully and competently perform such duties as are inherent in such position
      and shall also perform and discharge such other executive employment duties
      and
      responsibilities consistent with his position as Chief Executive Officer of
      the
      Company. Employee shall perform his duties at such places and times as the
      Board
      of Directors of the Company (the “Board”) may reasonably prescribe. Except as
      may otherwise be approved in advance by the Board, and except during holidays,
      vacation periods and reasonable periods of absence due to illness, personal
      injury or other disability or personal affairs, Employee shall devote his full
      time during normal business hours while employed hereunder to the services
      required of him hereunder. Employee shall render his business services
      exclusively to the Company during his employment hereunder and shall use his
      best efforts, judgment and energy to improve and advance the business and
      interests of the Company in a manner consistent with the duties of his
      position.

    

    4.    Director.For
      so
      long as the Employee is employed under this Agreement, the Company shall
      nominate Employee as a member of the Board of Directors of the Company, subject
      to election by the requisite vote of shareholders at the annual meeting of
      shareholders of the Company.

    

    5.    Salary.

    

    (a)  Salary.
      As
      compensation for the performance by Employee of the services to be performed
      by
      Employee hereunder during the Initial Term, the Company shall pay Employee
      a
      base salary at the annual rate of ONE HUNDRED SIX THOUSAND
      DOLLARS
      ($106,000.00), (said amount, together with any increases thereto as provided
      in
      this Section 5(a), being hereinafter referred to as “Salary”). Any Salary
      payable hereunder shall be paid in regular intervals (but in no event less
      frequently than monthly) in accordance with the Company’s payroll practices from
      time to time in effect. The Salary payable to Employee pursuant to this Section
      4(a) shall be subject to review annually on the anniversary of the Commencement
      Date and may be adjusted as determined from time to time by the Board in its
      sole discretion.

    

    (b)  Withholding,
      Etc.
      The
      payment of Salary hereunder shall be subject to applicable withholding and
      payroll taxes, and other such deductions as may be required by law or under
      the
      Company’s employee benefit plans.

    

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    6.    Other
      Benefits.
      During
      Employee’s employment hereunder, Employee shall:

    

    
      	(i)  	
              receive
                the standard benefits afforded to senior officers of the Company,
                including health insurance, certain annual compensated absences for
                vacation, holidays, and personal days;
                and

            

    

    

    
      	(ii)  	
              participate,
                to the extent to be determined in the sole discretion of the Board
                from
                time to time, in the Hydron Technologies, Inc. 2003 Stock Plan and
                any
                future employee equity incentive plan adopted by the Company or by
                any
                affiliate of the Company in which executive employees of the Company
                are
                eligible to participate (the “Employee Incentive Plan”), the vesting and
                other qualification provisions of which shall be as set forth in
                the
                Employee Incentive Plan.

            

    

     

    7.    Termination.

    

    (a) Expiration
      of Initial Term.
      Employer
      may terminate Employee’s employment at the expiration of the Initial Term in
      accordance with the terms of Section 2, above.

    (b) Termination
      upon Death.
      If the
      Employee dies during the Term, this Agreement shall terminate.

    

    (c) Disability.
      If
      during the Term the Employee becomes physically or mentally disabled so that
      the
      Employee is unable substantially to perform the Employee’s services hereunder
      for (a) a period of 120 consecutive days, or (b) for shorter
      periods
      aggregating 120 days during any 365-day period, the Company may at any time
      after the last day of the four consecutive months of disability or the day
      on
      which the shorter periods of disability equal an aggregate of 120 days terminate
      the Employee’s employment under this Agreement by written notice to the
      Employee. In the event that the Employee’s employment under this Agreement is
      terminated pursuant to this Section 7(c), Employer will pay Employee’s
      Salary and
      benefits to which he is entitled under this Agreement through the date of
      disability. Nothing
      contained in this Section 7(c) shall be deemed to extend the Term or
      to
      constitute a breach of this Agreement.

    

    (d)
      Employer
      may terminate Employee for “cause” in the event of (i) a material breach by
      Employee of any provisions of the Agreement, which breach is not remedied or
      cured within thirty (30) days after receipt by Employee of written notice
      thereof by Employer or, if such breach cannot reasonably be cured within thirty
      (30) days, the commencement of the cure process within such thirty (30) days
      and, thereafter, Employee diligently pursues attempts to cure to a final
      conclusion, which cure shall be completed within seventy-five (75) days of
      the
      aforesaid receipt of written notice; or (ii) Employee being convicted of or
      pleading nolo contendere to any illegal act or acts of dishonesty or moral
      turpitude on the part of Employee. A valid termination in accordance with this
      Section 7(d) shall be deemed a “Bona-Fide Termination.” Upon a Bona-Fide
      Termination of this Agreement in accordance with Section 7(d), Employer shall
      pay Employee his Salary through the date of termination, but shall have no
      further future salary obligation of any kind to Employee under this Employment
      Agreement.

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    8.    Restrictive
      Covenants.
      The
      terms and conditions of Annex
      A
      with
      respect to certain restrictive covenants binding on the Employee are hereby
      incorporated herein by reference and made a part hereof.

    

    9.    Injunction.
      It is
      recognized and hereby acknowledged by the parties hereto that a breach by the
      Employee of any of the covenants contained in Annex
      A
      of this
      Agreement will cause irreparable harm and damage to the Employer, the monetary
      amount of which may be virtually impossible to ascertain. As a result, the
      Employee recognizes and hereby acknowledges that the Employer shall be entitled
      to an injunction from any court of competent jurisdiction enjoining and
      restraining any violation of any or all of the covenants contained in
Annex
      A
      to this
      Agreement by the Employee or any of his affiliates, partners or agents, either
      directly or indirectly, and that such right to injunction shall be cumulative
      and in addition to whatever other remedies the Employer may possess at law
      or in
      equity. This Section 9 shall survive the termination of Employee’s employment or
      this Agreement for any reason. The provisions of this Agreement shall be
      enforceable in law and in equity notwithstanding the existence of any claim
      or
      cause of action by the Employee against the Employer whether predicated on
      this
      Agreement or otherwise.

    

    10.    Arbitration.
      Any
      dispute or claim arising out of or relating to Employee’s employment including
      but not limited to, the Civil Rights Act of 1991, Title VII of the Civil Rights
      Act of 1964, as amended, the Civil Rights Act of 1866, the Age Discrimination
      in
      Employment Act of 1967 as amended, Florida Statute § 760.10, the Americans with
      Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974,
      or any other law, ordinance, or other obligation of any kind arising in law
      or
      equity (except for any dispute involving application of the injunctive relief
      provided by Section 9) shall be submitted to arbitration pursuant to the
      commercial arbitration rules of the American Arbitration Association. Except
      as
      otherwise provided, this Agreement shall be governed by the United States
      Arbitration Act. An arbitration award rendered pursuant to this Section shall
      be
      final and binding on the parties and may be submitted to any court of competent
      jurisdiction for entry of judgment thereon. The parties agree that punitive
      damages may not be awarded in an arbitration proceeding required by the
      Agreement.

    

    11.    Benefits;
      Binding Effect.
      This
      Agreement shall be for the benefit of and binding upon the parties hereto and
      their respective heirs, personal representatives, legal representatives,
      successors and, where applicable, assigns. Notwithstanding the forgoing, the
      Employee may not assign his rights or benefits, or delegate any of his duties,
      hereunder without the prior written consent of the Employer. The Employer may
      assign its rights or benefits, or delegate any of its duties, hereunder without
      the prior written consent of the Employee. 

    

    12.    Provisions
      Severable.
      This
      Agreement is intended to be performed in accordance with, and to the extent
      permitted by, all applicable laws, ordinances, rules, and regulations of the
      State of Florida. If any provision of this Agreement shall be adjudicated to
      be
      invalid or unenforceable, then such provision shall be deemed modified, as
      to
      duration, territory or otherwise, so as to be enforceable in a manner such
      that
      its substantive effect is as similar as possible to the provision at issue
      consistent with rendering the remainder of this Agreement valid and enforceable.
      The invalidity or unenforceability of any provision of this Agreement shall
      not
      affect the other provisions hereof, and this Agreement shall be construed in
      all
      respects as if such invalid or unenforceable provision were
      omitted.

    

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    13.    Waivers.
      The
      Employer’s failure to insist upon strict adherence to any provisions or covenant
      of this Agreement on any occasion shall not be deemed a waiver or deprive the
      Employer of its right thereafter to insist upon strict adherence to that
      provision, or covenant or any other provision, or covenant of this Agreement.
      A
      waiver of any provision or covenant hereof shall not be effective unless in
      writing, and shall not operate or be construed as a continuing waiver thereof
      or
      as a waiver of any other similar or dissimilar provision or
      covenant.

    

    14.    Enforcement.
      The
      Employer’s failure or refusal to enforce any of the terms contained in this
      Agreement against any other employee or former employee for any reason, shall
      not constitute a defense to the enforcement of this Agreement against
      Employee.

    

    15.    No
      Third Party Beneficiary.
      Nothing
      expressed or implied in this Agreement is intended, or shall be construed,
      to
      confer upon or give any person (other than the parties hereto, and their
      respective heirs, personal representatives, legal representatives, successors
      and, where applicable, assigns) any rights or remedies under, or by reason,
      of
      the Agreement.

    

    16.    Headings.
      The
      headings set forth in this Agreement are for convenience only and shall not
      be
      considered as part of this Agreement in any respect, nor shall they in any
      way
      affect the substance of any provisions contained in this Agreement.

    

    17.    Gender.
      Any
      pronoun used herein may be deemed to mean the corresponding masculine, feminine
      or neuter in form thereof and the singular form of any nouns and pronouns herein
      may be deemed to mean the corresponding plural and vice versa as the case may
      require.

    

    18.    Drafter.
      Each
      party acknowledges that they have had the opportunity to seek the advice of
      counsel and agree that this Agreement has been fully negotiated and agreed
      upon
      by both parties. This Agreement shall not be construed against the drafter
      of
      the document because they drafted the document as they have done so merely
      for
      the convenience of the parties.

    

    19.    Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Florida without regard to the conflict of laws provisions thereof.
      EMPLOYEE HAS READ THIS AGREEMENT CAREFULLY AND EMPLOYEE UNDERSTANDS AND ACCEPTS
      THE OBLIGATIONS WHICH IT IMPOSES UPON HIM WITHOUT RESERVATION. NO PROMISES
      OR
      REPRESENTATIONS HAVE BEEN MADE TO EMPLOYEE TO INDUCE HIM TO SIGN THIS AGREEMENT.
      EMPLOYEE SIGNS THIS AGREEMENT VOLUNTARILY AND FREELY, IN DUPLICATE, WITH THE
      UNDERSTANDING THAT ONE COUNTERPART WILL BE RETAINED BY EMPLOYER AND THE OTHER
      COUNTERPART WILL BE RETAINED BY EMPLOYEE.

    

    20.    Survival.
      The
      respective rights and obligations of the parties hereunder shall survive any
      termination of this Agreement.

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    21.    Entire
      Agreement; Modifications.
      This
      Agreement, including any Annex or Exhibit hereto, constitutes the entire and
      final expression of the agreement of the parties with respect to the subject
      matter hereof and supersedes all prior agreements, oral and written, between
      the
      parties hereto with respect to the subject matter hereof. This Agreement may
      be
      modified or amended only by an instrument in writing signed by both parties
      hereto.

    

    22.    Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument. In addition, facsimile signatures shall be deemed original, valid
      and binding signatures to this Employment Agreement.

    

    23.    Further
      Assurances.
      The
      Employee will execute and deliver such further instruments and do such further
      acts and things as may be required to carry out the intent and purposes of
      this
      Agreement.

    

    24.    Notices.
      Any
      notice required or permitted or permitted to be given under this Agreement
      shall
      be in writing and shall be deemed to have been given when delivered by hand
      or
      when deposited in the United States mail, by registered or certified mail,
      return receipt requested, postage prepaid addressed as follows:

      

      
        	
                To
                  the Employer:

              	
                Hydron
                  Technologies, Inc.

              
	 	
                2201
                  West Sample Road

              
	 	
                Building
                  9 Suite 7B

              
	 	
                Pompano
                  Beach, Florida 33073

              
	 	
                Phone:
                  (954) 861-6400

              
	 	
                Facsimile:
                  (954) 861-6401

              
	 	
                Attention:
                  Chief Operating Officer

              
	 	 
	
                To
                  the Employee:

              	
                Mr.
                  David Pollock

              
	 	
                4400
                  34th
                  Street North 

              
	 	
                Warehouse
                  F

              
	 	
                St.
                  Petersburg, Florida 33714

              
	 	 

      

    

    or
      to
      such other address as any party shall specify by written notice so given, and
      such notice shall be deemed to have been delivered as of the date so
      telecommunicated, personally delivered or mailed.

    

    

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
 

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first above written.
      

    

    

    EMPLOYEE

    

    /s/
      Pollock

      
        

      

    

    David
      Pollock, individually

    

    SS#:  
      on
      file

    

    

    HYDRON
      TECHNOLOGIES, INC.

    

    By:  
      /s/
      Banakus

    
      
        

      

    

    Richard
      Banakus, its Interim President

    

    

    

    

    
      
         

      

      
        -7-

        
          

        

      

      
         

        
        

      

    

    ANNEX
      A

    

    RESTRICTIVE
      COVENANTS

    
 

    The
      following covenants between Employee and Employer (“Covenants”) constitute a
      material part of the consideration for Employee’s employment by Employer
      pursuant to the Agreement to which these Covenants are annexed:

    

    1.  No
      Conflict.
      Employee has not entered into, and Employee agrees that he will not enter into,
      any agreement either written or oral in conflict with this Agreement or
      Employee’s employment with Employer. Employee agrees that he will not violate
      any agreement with or rights of any third party or, except as expressly
      authorized by Employer in writing hereafter, use or disclose Employer’s or any
      third party’s confidential information or intellectual property when acting
      within the scope of Employer’s employment or otherwise on behalf of Employer.

    

    2.  Nondisclosure.
      Employee agrees that all Inventions and all other business, technical and
      financial information, including without limitation, information concerning
      the
      Employer, its affiliates, and/or subsidiaries’ financial condition, prospects,
      technology, processes, customers, clients, applicants, employees, pricing,
      cost
      information, methods of doing business, marketing and promotion of Employer,
      its
      affiliates and/or subsidiaries’ services, and any other confidential or
      proprietary information, trade secrets and intellectual property rights relating
      to the Employer, its affiliates and/or subsidiaries, or other information
      regarding the Employer’s business or the business of Employer’s affiliates and
      or subsidiaries or that of their respective suppliers or customers that is
      not
      generally known, he may develop, learn or obtain during the term of his
      employment that relates to Employer or the business or demonstrably anticipated
      business of Employer or that are received by or for Employer in confidence,
      constitute “Proprietary Information.” Employee agrees to hold in confidence and
      not disclose, at any time, directly or indirectly, to any person, governmental
      agency, firm, corporation or entity whatsoever, or use for his own benefit
      or
      for the benefit of others, except use within the scope of his employment, any
      Proprietary Information. However, Employee shall not be obligated under this
      paragraph with respect to information he can document is or becomes readily
      available to the public without restriction through no fault of
      him.

    

    3.  Return
      of Property; Non-Expectation of Privacy.
      Upon
      the termination of his employment with the Employer for any reason whatsoever,
      Employee shall surrender and deliver to the Employer all property of the
      Employer, its affiliates, and/or subsidiaries, including but not limited to
      all
      equipment and, without retaining copies thereof, any and all written materials,
      computer programs and software prepared by Employee in connection with his
      employment by the Employer, any and all manuals, brochures, customer lists,
      price lists, books, salespersons’ records, projections, plans, computer
      software, computer programs, intellectual property, forecasts, technical data,
      invoices, product information, correspondence, Proprietary Information and
      all
      other material, records and accounts of any kind that may be in his possession
      or control and which belong to the Employer or were created or devised pursuant
      to or in the course of Employee’s employment with the Employer, except that
      Employee may keep his personal copies of (i) his compensation records, (ii)
      materials distributed to employees generally and (iii) this Agreement. Employee
      also recognizes and agrees that he has no expectation of privacy with respect
      to
      Employer’s telecommunications, networking or information processing systems
      (including, without limitation, stored computer files, e-mail messages and
      voice
      messages) and that Employee’s activity and any files or messages on or using any
      of those systems may be monitored at any time without notice. 

    

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    4.  Non-Solicitation.
      Employee agrees that, among other things, for a period of two (2) years
      following termination of his employment with the Employer for any reason
      whatsoever, the Employee shall not directly or indirectly: 

    

    (i)  solicit
      or accept the trade or patronage of any of the Customers (as defined below)
      of
      the Employer for himself or for any other person or organization engaging in
      the
      Employer’s Business. “Customers” shall include any and all persons or
      organizations doing business with the Employer, its affiliates, and/or
      subsidiaries’ within the two (2) years preceding Employee’s termination of
      employment, regardless of whether or not such Customers were previously
      customers of the Employee or of others; or

    

    (ii)  solicit,
      induce, or attempt to induce any other employee (including any temporary
      employee) of the Employer or any of its affiliates, or subsidiaries, other
      than
      Richard Douglas Reitz, to leave the employ of the Employer to become connected
      with in any way, or employ or utilize any such employee in, any corporation
      or
      other entity or business of any description whatsoever which competes with
      Employer in Employer’s Business. 

    

    5.  Non-Competition.
      Employee agrees that during the term of his employment with Employer (whether
      or
      not during business hours), he will not engage, alone or by combining or
      conspiring with others or in any other manner whatsoever, in any activity,
      proprietorship, partnership, corporation, business or other venture (whether
      as
      an employee, officer, director, partner, agent, security holder, creditor,
      consultant or otherwise), that is in any way competitive with the business
      or
      demonstrably anticipated business of Employer, and Employee will not assist
      any
      other person or organization in competing or in preparing to compete with any
      business or demonstrably anticipated business of Employer. 

    

    6.  Survival.
      Employee agrees that his obligations under Sections 2, 3, 4 and 5 of these
      Covenants shall continue in effect after termination of his employment,
      regardless of the reason or reasons for termination, and whether such
      termination is voluntary or involuntary on his part, and that Employer is
      entitled to communicate Employee’s obligations under this Agreement to any
      future employer or potential employer of Employee. Employee’s obligations under
      Sections 2, 3, 4 and 5 also shall be binding upon his heirs, executors, assigns,
      and administrators and shall inure to the benefit of Employer, its subsidiaries,
      successors and assigns.

    

    

    

    

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

    Dated
      as
      of July 1, 2005

    

    EMPLOYEE:

    

    /s/
      Pollock

      
        

      

    

    David
      Pollock, individually

    

    

    

    EMPLOYER:

    

    Accepted
      and Agreed to:

     

    HYDRON
      TECHNOLOGIES, INC., a New York corporation

    

    By:  
      /s/
      Banakus

      
        

      

    

    Name:
      Richard Banakus

    Title:
      Interim President

     

     

     

    
      
         

      

        A-3EXHIBIT
      10.3
       

      EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AGREEMENT
        (“Agreement”) is made and entered into as of the 1st day of July, 2005
        (“Commencement Date”), by and between HYDRON
        TECHNOLOGIES, INC.,
        a New
        York corporation (“Employer or the “Company”), and RICHARD
        DOUGLAS REITZ, an
        individual (“Employee”).

      

      RECITALS

      

      WHEREAS,
        Employer has developed proprietary products and technology, marketed products
        under the HydronTM trademark, and currently sells product under private label
        under the ReversAgeTM brand name of Reliv International, Inc. and has a license
        to use the HydronÔ
        polymer
        for certain products and in certain fields, and a license to use the HydronTM
        trademark and owns certain other trademarks, and licenses and owns certain
        patents relating to development, manufacture, and sale of products for use
        by
        consumers as health and beauty aids (“Employer’s Business”); and

      

      WHEREAS,
        Employer desires to employ Employee as Executive Vice President, and Employee
        desires to be employed in such position; and

      

      WHEREAS,
        In
        order to provide for the management of the Company, Employer desires to employ
        Employee to provide such services as may be required hereunder in connection
        with the Employer’s Business; and

      

      WHEREAS,
        Employer, through the expenditure of substantial amounts of money and effort,
        has developed certain confidential and/or proprietary information which has
        become of great value to Employer in establishing and developing relationships
        with current and potential vendors, clients and personnel, and in building
        its
        good will and operations; and, as a result, Employer enjoys certain material
        competitive advantages over its competition; and

      

      WHEREAS,
        Employee will be employed by Employer in a confidential relationship in
        connection with which Employer will disclose certain confidential and/or
        proprietary information to Employee.

       

      NOW,
        THEREFORE,
        in
        consideration of Employee’s employment and other good and valuable
        consideration, receipt of which is hereby acknowledged, the parties hereto
        agree
        as follows:

      

      1.  Recitals.
        The
        Recitals are hereby incorporated into this Agreement by this
        reference.

       

      2.  Employment.
        Employer hereby employs Employee, and Employee hereby accepts employment,
        upon
        the terms and subject to the conditions contained in this Agreement. Employee
        represents and warrants to Employer that Employee’s execution and delivery of
        this Agreement and the performance of his duties as an employee of Employer
        do
        not and will not breach or conflict with any obligation of Employee to any
        third
        party or any obligation to keep confidential any information acquired by
        Employee prior to his employment hereunder. The parties agree that the
        employment relationship is for an initial term of three (3) years, commencing
        on
        the Commencement Date (the “Initial Term”), and thereafter is on an at-will
        basis and the Employer and Employee, each party has the right and ability
        to
        terminate Employee’s employment at any time by written notice to the other after
        the Initial Term for any reason or no reason, but until such notice is
        delivered, this Agreement shall continue in full force and effect (the
“Term”).

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      3.  Duties.
        Employee shall be employed as Executive Vice President of the Company, shall
        faithfully and competently perform such duties as are inherent in such position
        and shall also perform and discharge such other executive employment duties
        and
        responsibilities consistent with his position as Executive Vice President
        of the
        Company. Employee shall perform his duties at such places and times as the
        Board
        of Directors of the Company (the “Board”) may reasonably prescribe. Except as
        may otherwise be approved in advance by the Board, and except during holidays,
        vacation periods and reasonable periods of absence due to illness, personal
        injury or other disability or personal affairs, Employee shall devote his
        full
        time during normal business hours while employed hereunder to the services
        required of him hereunder. Employee shall render his business services
        exclusively to the Company during his employment hereunder and shall use
        his
        best efforts, judgment and energy to improve and advance the business and
        interests of the Company in a manner consistent with the duties of his
        position.

      

      4.    Salary.

      

      (a)  Salary.
        As
        compensation for the performance by Employee of the services to be performed
        by
        Employee hereunder during the Initial Term, the Company shall pay Employee
        a
        base salary at the annual rate of ONE HUNDRED SIX THOUSAND
        DOLLARS
        ($106,000.00), (said amount, together with any increases thereto as provided
        in
        this Section 5(a), being hereinafter referred to as “Salary”). Any Salary
        payable hereunder shall be paid in regular intervals (but in no event less
        frequently than monthly) in accordance with the Company’s payroll practices from
        time to time in effect. The Salary payable to Employee pursuant to this Section
        4(a) shall be subject to review annually on the anniversary of the Commencement
        Date and may be adjusted as determined from time to time by the Board in
        its
        sole discretion.

       

      (b)  Withholding,
        Etc.
        The
        payment of Salary hereunder shall be subject to applicable withholding and
        payroll taxes, and other such deductions as may be required by law or under
        the
        Company’s employee benefit plans.

      

      5.    Other
        Benefits.
        During
        Employee’s employment hereunder, Employee shall:

      

      	(i)  	
              receive
                the standard benefits afforded to senior officers of the Company,
                including health insurance, certain annual compensated absences for
                vacation, holidays, and personal days; 

            

      

      	(ii)  	
              participate,
                to the extent to be determined in the sole discretion of the Board
                from
                time to time, in any employee equity incentive plan adopted by the
                Company
                or by any affiliate of the Company in which employees of the Company
                are
                eligible to participate (the “Employee Incentive Plan”), the vesting and
                other qualification provisions of which shall be as set forth in
                the
                Employee Incentive Plan.

            

      

       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

      6.    Termination.

      

      (a) Expiration
        of Initial Term.
        Employer
        may terminate Employee’s employment at the expiration of the Initial Term in
        accordance with the terms of Section 2, above.

       

      (b) Termination
        upon Death.
        If the
        Employee dies during the Term, this Agreement shall terminate.

       

      (c) Disability.
        If
        during the Term the Employee becomes physically or mentally disabled so that
        the
        Employee is unable substantially to perform the Employee’s services hereunder
        for (a) a period of 120 consecutive days, or (b) for shorter
        periods
        aggregating 120 days during any 365-day period, the Company may at any time
        after the last day of the four consecutive months of disability or the day
        on
        which the shorter periods of disability equal an aggregate of 120 days terminate
        the Employee’s employment under this Agreement by written notice to the
        Employee. In the event that the Employee’s employment under this Agreement is
        terminated pursuant to this Section 7(c), Employer will pay Employee’s
        Salary and
        benefits to which he is entitled under this Agreement through the date of
        disability. Nothing
        contained in this Section 7(c) shall be deemed to extend the Term
        or to
        constitute a breach of this Agreement.

       

      (d)
        Employer
        may terminate Employee for “cause” in the event of (i) a material breach by
        Employee of any provisions of the Agreement, which breach is not remedied
        or
        cured within thirty (30) days after receipt by Employee of written notice
        thereof by Employer or, if such breach cannot reasonably be cured within
        thirty
        (30) days, the commencement of the cure process within such thirty (30) days
        and, thereafter, Employee diligently pursues attempts to cure to a final
        conclusion, which cure shall be completed within seventy-five (75) days of
        the
        aforesaid receipt of written notice; or (ii) Employee being convicted of
        or
        pleading nolo contendere to any illegal act or acts of dishonesty or moral
        turpitude on the part of Employee. A valid termination in accordance with
        this
        Section 7(d) shall be deemed a “Bona-Fide Termination.” Upon a Bona-Fide
        Termination of this Agreement in accordance with Section 7(d), Employer shall
        pay Employee his Salary through the date of termination, but shall have no
        further future salary obligation of any kind to Employee under this Employment
        Agreement.

      

      7.    Restrictive
        Covenants.
        The
        terms and conditions of Annex
        A
        with
        respect to certain restrictive covenants binding on the Employee are hereby
        incorporated herein by reference and made a part hereof.

       

      8.    Injunction.
        It is
        recognized and hereby acknowledged by the parties hereto that a breach by
        the
        Employee of any of the covenants contained in Annex
        A
        of this
        Agreement will cause irreparable harm and damage to the Employer, the monetary
        amount of which may be virtually impossible to ascertain. As a result, the
        Employee recognizes and hereby acknowledges that the Employer shall be entitled
        to an injunction from any court of competent jurisdiction enjoining and
        restraining any violation of any or all of the covenants contained in
Annex
        A
        to this
        Agreement by the Employee or any of his affiliates, partners or agents, either
        directly or indirectly, and that such right to injunction shall be cumulative
        and in addition to whatever other remedies the Employer may possess at law
        or in
        equity. This Section 8 shall survive the termination of Employee’s employment or
        this Agreement for any reason. The provisions of this Agreement shall be
        enforceable in law and in equity notwithstanding the existence of any claim
        or
        cause of action by the Employee against the Employer whether predicated on
        this
        Agreement or otherwise.

       

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

      9.    Arbitration.
        Any
        dispute or claim arising out of or relating to Employee’s employment including
        but not limited to, the Civil Rights Act of 1991, Title VII of the Civil
        Rights
        Act of 1964, as amended, the Civil Rights Act of 1866, the Age Discrimination
        in
        Employment Act of 1967 as amended, Florida Statute § 760.10, the Americans with
        Disabilities Act of 1990, the Employee Retirement Income Security Act of
        1974,
        or any other law, ordinance, or other obligation of any kind arising in law
        or
        equity (except for any dispute involving application of the injunctive relief
        provided by Section 8) shall be submitted to arbitration pursuant to the
        commercial arbitration rules of the American Arbitration Association. Except
        as
        otherwise provided, this Agreement shall be governed by the United States
        Arbitration Act. An arbitration award rendered pursuant to this Section shall
        be
        final and binding on the parties and may be submitted to any court of competent
        jurisdiction for entry of judgment thereon. The parties agree that punitive
        damages may not be awarded in an arbitration proceeding required by the
        Agreement.

       

      10.    Benefits;
        Binding Effect.
        This
        Agreement shall be for the benefit of and binding upon the parties hereto
        and
        their respective heirs, personal representatives, legal representatives,
        successors and, where applicable, assigns. Notwithstanding the forgoing,
        the
        Employee may not assign his rights or benefits, or delegate any of his duties,
        hereunder without the prior written consent of the Employer. The Employer
        may
        assign its rights or benefits, or delegate any of its duties, hereunder without
        the prior written consent of the Employee. 

       

      11.    Provisions
        Severable.
        This
        Agreement is intended to be performed in accordance with, and to the extent
        permitted by, all applicable laws, ordinances, rules, and regulations of
        the
        State of Florida. If any provision of this Agreement shall be adjudicated
        to be
        invalid or unenforceable, then such provision shall be deemed modified, as
        to
        duration, territory or otherwise, so as to be enforceable in a manner such
        that
        its substantive effect is as similar as possible to the provision at issue
        consistent with rendering the remainder of this Agreement valid and enforceable.
        The invalidity or unenforceability of any provision of this Agreement shall
        not
        affect the other provisions hereof, and this Agreement shall be construed
        in all
        respects as if such invalid or unenforceable provision were
        omitted.

       

      12.    Waivers.
        The
        Employer’s failure to insist upon strict adherence to any provisions or covenant
        of this Agreement on any occasion shall not be deemed a waiver or deprive
        the
        Employer of its right thereafter to insist upon strict adherence to that
        provision, or covenant or any other provision, or covenant of this Agreement.
        A
        waiver of any provision or covenant hereof shall not be effective unless
        in
        writing, and shall not operate or be construed as a continuing waiver thereof
        or
        as a waiver of any other similar or dissimilar provision or
        covenant.

       

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

      13.    Enforcement.
        The
        Employer’s failure or refusal to enforce any of the terms contained in this
        Agreement against any other employee or former employee for any reason, shall
        not constitute a defense to the enforcement of this Agreement against
        Employee.

       

      14.    No
        Third Party Beneficiary.
        Nothing
        expressed or implied in this Agreement is intended, or shall be construed,
        to
        confer upon or give any person (other than the parties hereto, and their
        respective heirs, personal representatives, legal representatives, successors
        and, where applicable, assigns) any rights or remedies under, or by reason,
        of
        the Agreement.

       

      15.    Headings.
        The
        headings set forth in this Agreement are for convenience only and shall not
        be
        considered as part of this Agreement in any respect, nor shall they in any
        way
        affect the substance of any provisions contained in this Agreement.

       

      16.    Gender.
        Any
        pronoun used herein may be deemed to mean the corresponding masculine, feminine
        or neuter in form thereof and the singular form of any nouns and pronouns
        herein
        may be deemed to mean the corresponding plural and vice versa as the case
        may
        require.

       

      17.    Drafter.
        Each
        party acknowledges that they have had the opportunity to seek the advice
        of
        counsel and agree that this Agreement has been fully negotiated and agreed
        upon
        by both parties. This Agreement shall not be construed against the drafter
        of
        the document because they drafted the document as they have done so merely
        for
        the convenience of the parties.

       

      18.    Governing
        Law.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Florida without regard to the conflict of laws provisions thereof.
        EMPLOYEE HAS READ THIS AGREEMENT CAREFULLY AND EMPLOYEE UNDERSTANDS AND ACCEPTS
        THE OBLIGATIONS WHICH IT IMPOSES UPON HIM WITHOUT RESERVATION. NO PROMISES
        OR
        REPRESENTATIONS HAVE BEEN MADE TO EMPLOYEE TO INDUCE HIM TO SIGN THIS AGREEMENT.
        EMPLOYEE SIGNS THIS AGREEMENT VOLUNTARILY AND FREELY, IN DUPLICATE, WITH
        THE
        UNDERSTANDING THAT ONE COUNTERPART WILL BE RETAINED BY EMPLOYER AND THE OTHER
        COUNTERPART WILL BE RETAINED BY EMPLOYEE.

       

      19.    Survival.
        The
        respective rights and obligations of the parties hereunder shall survive
        any
        termination of this Agreement.

       

      20.    Entire
        Agreement; Modifications.
        This
        Agreement, including any Annex or Exhibit hereto, constitutes the entire
        and
        final expression of the agreement of the parties with respect to the subject
        matter hereof and supersedes all prior agreements, oral and written, between
        the
        parties hereto with respect to the subject matter hereof. This Agreement
        may be
        modified or amended only by an instrument in writing signed by both parties
        hereto.

       

      21.    Counterparts.
        This
        Agreement may be executed in two or more counterparts, each of which shall
        be
        deemed an original, but all of which together shall constitute one and the
        same
        instrument. In addition, facsimile signatures shall be deemed original, valid
        and binding signatures to this Employment Agreement.

       

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

      22.    Further
        Assurances.
        The
        Employee will execute and deliver such further instruments and do such further
        acts and things as may be required to carry out the intent and purposes of
        this
        Agreement.

       

      23.    Notices.
        Any
        notice required or permitted to be given under this Agreement shall be in
        writing and shall be deemed to have been given when delivered by hand or
        when
        deposited in the United States mail, by registered or certified mail, return
        receipt requested, postage prepaid addressed as follows:

      

      *?*Any
        notice required to be given hereunder shall be sufficient if in writing,
        and
        sent by facsimile transmission and by courier service (with proof of service),
        hand delivery (with proof of delivery) or certified or registered mail (return
        receipt requested and first-class postage prepaid), addressed as
        follows:

       

      
        
          	
                  To
                    the Employer:

                	
                  Hydron
                    Technologies, Inc.

                
	 	
                  2201
                    West Sample Road

                
	 	
                  Building
                    9 Suite 7B

                
	 	
                  Pompano
                    Beach, Florida 33073

                
	 	
                  Phone:
                    (954) 861-6400

                
	 	
                  Facsimile:
                    (954) 861-6401

                
	 	
                  Attention:
                    Chief Operating Officer

                
	 	 
	
                  To
                    the Employee:

                	
                  Mr.
                    Richard Douglas Reitz

                
	 	
                  4400
                    34th
                    Street North 

                
	 	
                  Warehouse
                    F

                
	 	
                  St.
                    Petersburg, Florida 33714

                
	 	 

        

      

      or
        to
        such other address as any party shall specify by written notice so given,
        and
        such notice shall be deemed to have been delivered as of the date so
        telecommunicated, personally delivered or mailed.

      

      

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      

      

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF,
        the
        undersigned have executed this Agreement as of the date first above written.
        

      

      

      EMPLOYEE

      

      

      /s/
        Reitz

        
          

        

      

      Richard
        Douglas Reitz, individually

      

      SS#: 
        on
        file

      

      

      HYDRON
        TECHNOLOGIES, INC.

      

      By:  
        /s/
        Banakus

        
          

        

      

      Richard
        Banakus, its Interim President

      

      

      
 

      
        
           

        

        
          -7-

          
            

          

        

        
           

          
          

        

      

      ANNEX
        A

      

      RESTRICTIVE
        COVENANTS 

      

      The
        following covenants between Employee and Employer (“Covenants”) constitute a
        material part of the consideration for Employee’s employment by Employer
        pursuant to the Agreement to which these Covenants are annexed:

      

      1.  No
        Conflict.
        Employee has not entered into, and Employee agrees that he will not enter
        into,
        any agreement either written or oral in conflict with this Agreement or
        Employee’s employment with Employer. Employee agrees that he will not violate
        any agreement with or rights of any third party or, except as expressly
        authorized by Employer in writing hereafter, use or disclose Employer’s or any
        third party’s confidential information or intellectual property when acting
        within the scope of Employer’s employment or otherwise on behalf of Employer.

       

      2.  Nondisclosure.
        Employee agrees that all Inventions and all other business, technical and
        financial information, including without limitation, information concerning
        the
        Employer, its affiliates, and/or subsidiaries’ financial condition, prospects,
        technology, processes, customers, clients, applicants, employees, pricing,
        cost
        information, methods of doing business, marketing and promotion of Employer,
        its
        affiliates and/or subsidiaries’ services, and any other confidential or
        proprietary information, trade secrets and intellectual property rights relating
        to the Employer, its affiliates and/or subsidiaries, or other information
        regarding the Employer’s business or the business of Employer’s affiliates and
        or subsidiaries or that of their respective suppliers or customers that is
        not
        generally known, he may develop, learn or obtain during the term of his
        employment that relates to Employer or the business or demonstrably anticipated
        business of Employer or that are received by or for Employer in confidence,
        constitute “Proprietary Information.” Employee agrees to hold in confidence and
        not disclose, at any time, directly or indirectly, to any person, governmental
        agency, firm, corporation or entity whatsoever, or use for his own benefit
        or
        for the benefit of others, except use within the scope of his employment,
        any
        Proprietary Information. However, Employee shall not be obligated under this
        paragraph with respect to information he can document is or becomes readily
        available to the public without restriction through no fault of
        him.

       

      3.  Return
        of Property; Non-Expectation of Privacy.
        Upon
        the termination of his employment with the Employer for any reason whatsoever,
        Employee shall surrender and deliver to the Employer all property of the
        Employer, its affiliates, and/or subsidiaries, including but not limited
        to all
        equipment and, without retaining copies thereof, any and all written materials,
        computer programs and software prepared by Employee in connection with his
        employment by the Employer, any and all manuals, brochures, customer lists,
        price lists, books, salespersons’ records, projections, plans, computer
        software, computer programs, intellectual property, forecasts, technical
        data,
        invoices, product information, correspondence, Proprietary Information and
        all
        other material, records and accounts of any kind that may be in his possession
        or control and which belong to the Employer or were created or devised pursuant
        to or in the course of Employee’s employment with the Employer, except that
        Employee may keep his personal copies of (i) his compensation records, (ii)
        materials distributed to employees generally and (iii) this Agreement. Employee
        also recognizes and agrees that he has no expectation of privacy with respect
        to
        Employer’s telecommunications, networking or information processing systems
        (including, without limitation, stored computer files, e-mail messages and
        voice
        messages) and that Employee’s activity and any files or messages on or using any
        of those systems may be monitored at any time without notice. 

       

      
        
           

        

        
          A-1

          
            

          

        

        
           

        

      

      4.  Non-Solicitation.
        Employee agrees that, among other things, for a period of two (2) years
        following termination of his employment with the Employer for any reason
        whatsoever, the Employee shall not directly or indirectly: 

      

      (i)  solicit
        or accept the trade or patronage of any of the Customers (as defined below)
        of
        the Employer for himself or for any other person or organization engaging
        in the
        Employer’s Business. “Customers” shall include any and all persons or
        organizations doing business with the Employer, its affiliates, and/or
        subsidiaries’ within the two (2) years preceding Employee’s termination of
        employment, regardless of whether or not such Customers were previously
        customers of the Employee or of others; or

       

      (ii)  solicit,
        induce, or attempt to induce any other employee (including any temporary
        employee) of the Employer or any of its affiliates, or subsidiaries, other
        than
        David Pollock, to leave the employ of the Employer to become connected with
        in
        any way, or employ or utilize any such employee in, any corporation or other
        entity or business of any description whatsoever which competes with Employer
        in
        Employer’s Business. 

      

      5.  Non-Competition.
        Employee agrees that during the term of his employment with Employer (whether
        or
        not during business hours), he will not engage, alone or by combining or
        conspiring with others or in any other manner whatsoever, in any activity,
        proprietorship, partnership, corporation, business or other venture (whether
        as
        an employee, officer, director, partner, agent, security holder, creditor,
        consultant or otherwise), that is in any way competitive with the business
        or
        demonstrably anticipated business of Employer, and Employee will not assist
        any
        other person or organization in competing or in preparing to compete with
        any
        business or demonstrably anticipated business of Employer. 6.  Survival.
        Employee agrees that his obligations under Sections 2, 3, 4, and 5, of these
        Covenants shall continue in effect after termination of his employment,
        regardless of the reason or reasons for termination, and whether such
        termination is voluntary or involuntary on his part, and that Employer is
        entitled to communicate Employee’s obligations under this Agreement to any
        future employer or potential employer of Employee. Employee’s obligations under
        Sections 2, 3, 4 and 5 also shall be binding upon his heirs, executors, assigns,
        and administrators and shall inure to the benefit of Employer, its subsidiaries,
        successors and assigns.

      

      
        
           

        

        
          A-2

          
            

          

        

        
           

          
          

        

      

      Dated
        as
        of July 1, 2005

      

      EMPLOYEE:

      

      /s/
        Reitz

      
        

      

      Richard
        Douglas Reitz, individually

      

      

      EMPLOYER:

      

      Accepted
        and Agreed to:

       

      HYDRON
        TECHNOLOGIES, INC., a New York corporation

      

      By:  
        /s/
        Banakus

        
          

        

      

      Name:
        Richard Banakus

      Its:
        Interim President

      

      

      
        
           

        

          A-3

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