Document:

Unassociated Document

     

    SEPARATION
      AGREEMENT AND GENERAL RELEASE

     

    This
      Separation Agreement and General Release (hereinafter “Agreement”),
      is
      made and entered into as of the 24th
      day of
      April, 2008, by and between Steven Binninger, for himself and his heirs,
      successors and assigns (“Executive”)
      on the
      one hand, and JDCO, Inc., a California corporation (“Company”)
      on the
      other hand, with reference to the following facts:

     

    A. Executive
      has been employed by the Company as President and Chief Operating Officer
      pursuant to the terms of an Employment Agreement entered into between Company
      and Executive effective November 27, 2006 (the “Employment
      Agreement”).

     

    B. Executive
      has been on a personal leave of absence from his role with the Company since
      November 20, 2007.

     

    C. Executive
      has decided to voluntarily terminate his employment with the Company effective
      April 24, 2008, and the Company is willing to waive the required thirty (30)
      day
      voluntary termination written notice period set forth in Section 2.9 of the
      Employment Agreement.

     

    D. Executive
      and Company (collectively the “Parties”)
      each
      desire to settle, compromise, and resolve fully and finally any and all claims
      and disputes, whether known or unknown, which exist or could exist on
      Executive’s behalf against Company, from the beginning of time to the date of
      this Agreement.

     

    NOW,
      THEREFORE, in consideration of the covenants and promises contained herein,
      the
      Parties hereto agree as follows:

     

    1. Termination
      of Employment - Resignation.
      Executive and Company mutually agree that Executive shall voluntarily resign
      from employment effective on April 24, 2008 (the “Termination
      Date”)
      and
      that the Employment Agreement between the Parties is hereby terminated as of
      the
      Termination Date and shall no longer be of any force or effect. 

     

    2. Agreement
      by Executive.
      Executive represents and agrees that he has been fully compensated for all
      salary, wages and benefits that he has earned as of the Termination Date and
      Executive acknowledges and agrees that Executive is not entitled to receive
      and
      will not claim any further compensation or benefits relating to his employment
      with the Company. Executive further agrees to promptly submit a written letter
      of resignation to the Company resigning from his positions of President and
      Chief Operating Officer with the Company and from his positions as President
      and
      Chief Operating Officer with each of Java Detour, Inc., a Delaware corporation
      and sole shareholder of the Company (“Java
      Detour”),
      and
      Java Detour Franchise Corp., a California corporation and wholly-owned
      subsidiary of the Company (“Java
      Franchise”).
      However, the Parties agree that Executive shall continue to serve on the Board
      of Directors of the Company, Java Detour and Java Franchise pursuant to such
      terms applicable to other Directors of the Company, Java Detour and Java
      Franchise, respectively.

     

    3. Non-Disparagement.
      Executive agrees not to make any derogatory, defamatory, disparaging, or
      detrimental remarks, statements, or communications about the Company (including
      with respect to any employees, agents, clients, officers or owners of the
      Company), to any person, entity or organization at any time, and Executive
      agrees not to publicly criticize the Company unless compelled to do so by law
      or
      legal duty.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Release
      of All Claims by Executive.
      Executive, for himself and his heirs, successors, and assigns, does hereby
      waive, release, acquit, and forever discharge Company, and Company’s parents,
      subsidiaries, affiliates, and related entities or companies, and all past and
      present officers, directors, shareholders, owners, managers, members,
      executives, agents, partners, trustees, attorneys, heirs, successors, and
      assigns, (hereinafter “Released Parties”)
      from
      any and all claims, actions, charges, complaints and causes of action
      (hereinafter collectively referred to as “claims”),
      of
      whatever nature, whether known or unknown, which exist or may exist on
      Executive’s behalf against Released Parties as of the date of this Agreement,
      including but not limited to any and all tort claims, contract claims, wage
      claims, bonus claims, overtime claims, penalty claims, wrongful termination
      claims, public policy claims, retaliation claims, statutory claims, personal
      injury claims, emotional distress claims, privacy claims, defamation claims,
      fraud claims, and any and all claims arising under any federal, state or other
      governmental statute, law, regulation or ordinance relating to employment,
      including but not limited to Title VII of the Civil Rights Act of 1964, as
      amended, the Americans with Disabilities Act, the Family and Medical Leave
      Act,
      the Employee Retirement Income Security Act, the California Labor Code, the
      California Business & Professions Code, and the California Fair Employment
      and Housing Act covering discrimination in employment, including race, color,
      religious creed, national origin, ancestry, physical or mental disability,
      medical condition, marital status, sex, sexual orientation, age, and harassment
      or retaliation.

     

    5. Waiver
      of Unknown Claims.
      Executive further understands and agrees that he hereby expressly waives and
      relinquishes any and all claims, rights or benefits that he may have under
      California Civil Code section 1542, which provides as follows:

     

    “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his or her favor at the time of executing the release which
      if known by him or her must have materially affected his or her settlement
      with
      the debtor.”

     

    In
      connection with such waiver and relinquishment, Executive acknowledges that
      he
      may hereafter discover claims or facts in addition to or different from those
      which he now knows or believes to exist with respect to the matters released
      herein, but that Executive expressly agrees to fully, finally, and forever
      settle and release any and all claims, known or unknown, suspected or
      unsuspected, which exist or may exist on his behalf against the Released Parties
      at the time of execution of this Agreement, including, but not limited to,
      any
      and all claims relating to or arising from Executive’s employment with Company
      or the termination of the employment relationship.

     

    6. Return
      of Company Property.
      Executive agrees to immediately return to Company, if and when requested, all
      Company property and equipment of any kind in his possession or control,
      including all keys, phones, files and/or documents, books of account, and
      records of any type or kind pertaining to the Company. 

     

    
      
        
        

      

      
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    7. Ownership
      of Claims.
      Executive represents and warrants that he is the sole and lawful owner of all
      rights, title and interest in and to all released matters, claims and demands
      as
      herein contained and that there has been no assignment or other transfer of
      any
      interest of any claim or demand which he may have against Company.

     

    8. Attorneys’
      Fees and Costs.
      If any
      legal action is brought under this Agreement for an asserted breach or to
      enforce any of its terms, the prevailing party shall be entitled to recover
      costs and reasonable attorneys’ fees.

     

    9. Confidentiality.
      The
      Parties understand and agree that the matters discussed in negotiating the
      terms
      of this Agreement are entirely confidential. It is therefore expressly
      understood and agreed that Executive will not reveal, discuss, publish or in
      any
      way communicate any of the terms, amount or fact of this Agreement to any
      person, organization, or other entity, except as may be required by law and
      except to Executive’s immediate family members and professional representatives,
      who shall be informed of and bound by this confidentiality clause.

     

    10. Successors
      and Assigns.
      It is
      expressly understood and agreed by the Parties that this Agreement and all
      of
      its terms shall be binding upon the Parties’ respective representatives, heirs,
      executors, administrators, successors and assigns.

     

    11. Integration.
      This
      Agreement constitutes a single, integrated, written contract, expressing the
      entire agreement between the Parties. In this regard, the Parties represent
      and
      warrant that they are not relying on any promises or representations which
      do
      not appear written herein. The Parties further understand and agree that this
      Agreement can be amended or modified only by a written agreement, signed by
      all
      of the Parties hereto.

     

    12. Voluntary
      Agreement.
      Executive understands that he may be waiving significant legal rights by signing
      this Agreement and Executive represents and agrees that he has entered into
      this
      Agreement voluntarily, with a full understanding of and in agreement with all
      of
      its terms. Executive is hereby advised to consult with an attorney prior to
      signing this Agreement.

     

    [Remainder
      of Page Intentionally Left Blank]

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF, the parties hereto have executed this Termination Agreement
      and
      General Release effective on the date indicated above. 

     

    
      
        	 	 	 
	 	JDCO,
                INC.
	 
 	 
 	 
 
	 	By:  	
                /s/
                  Michael Binninger

              
	 	Name:
                Michael Binninger
	 	Title:
                Chief Executive Officer

      

       

    

    
      
        	 	 	 
	 	
                EXECUTIVE:

              
	 
 	 
 	 
 
	 	 	/s/
                Steven Binninger
	 	
                Steven
                  Binninger

              
	 	 

      

    

     

    
      
        
        

      

      
        
          [Signature
            Page to Separation Agreement and General Release]Unassociated Document

    AMENDMENT
      NO. 1 TO EMPLOYMENT AGREEMENT

    

    This
      AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (the “Amendment”),
      is
      made as of April 24, 2008, by and between JDCO, Inc., a California corporation
      (“Corporation”),
      and
      Ronald Sands (“Executive”).
      

    

    WHEREAS,
      the Corporation and Executive entered into an Employment Agreement dated as
      of
      November 27, 2006 (the “Employment
      Agreement”);

     

    WHEREAS,
      the Corporation desires to appoint Executive as Chief Operating Officer of
      the
      Company and amend certain provisions of the Employment Agreement;

     

    WHEREAS,
      capitalized terms not defined herein shall have the meanings set forth in the
      Employment Agreement. 

     

    NOW,
      THEREFORE, the parties hereto intending to be legally bound hereby and upon
      receipt of other valuable consideration, the receipt and sufficiency of which
      are hereby acknowledged, do hereby agree as follows:

     

    1.
      Section 1 of the Employment Agreement is hereby amended and restated in its
      entirety as follows:

    

    “Section
      1   Duties.

     

    During
      the term of this Agreement, the Executive agrees to be employed by the
      Corporation to serve as Secretary,
      Chief Financial Officer, and Chief Operating Officer,
      and the
      Corporation agrees to employ and retain the Executive in such capacities. In
      such capacity, the Executive shall render such managerial, administrative and
      other services associated with or incident to the development of a franchise
      program and sales and shall perform such other duties and responsibilities
      for
      the Corporation as the Corporation may reasonably require, consistent with
      such
      position. The Executive shall devote a substantial portion of his business
      time,
      energy and skill to the affairs of the Corporation and the Executive shall
      report to the Corporation's Chief Executive Officer.

     

    In
      the
      event that the Corporation changes the Executive's title, working conditions
      or
      specifies duties so that the Executive's powers and duties are diminished or
      reduced, or include powers, duties or working conditions which are not generally
      consistent with his duties, or if the Corporation changes the reporting
      relationship so that the Executive reports to another officer or employee,
      other
      than the Corporation's Chief Executive Officer, then at any time thereafter,
      at
      the Executive's option and upon thirty days notice, and provided that such
      changes shall not have been rescinded or corrected to the reasonable
      satisfaction of the Executive within said thirty day period, the Executive
      shall
      have the right to terminate the employment relationship, and in such event,
      the
      employment shall be deemed to have been terminated by the Corporation without
      cause.”

     

    2. Agreement
      Remains in Full Force and Effect.
      Except
      as specifically set forth in this Amendment, all of the terms and conditions
      of
      the Employment Agreement shall remain in full force and effect.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Amendments.
      No
      amendment, modification, termination or waiver of this Amendment shall be valid
      or effective, unless in writing and signed by the parties to this Amendment.
      Any
      such amendment, modification or waiver shall be binding upon each of the parties
      hereto. This Amendment and the Employment Agreement shall be read together
      as a
      single, integrated agreement.

     

    4. Counterparts.
      This
      Amendment may be executed in one or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    [SIGNATURE
      PAGE TO FOLLOW]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this Amendment No. 1 to Employment Agreement is executed as
      of
      the day and year first above written.

     

    
      
        	 	 	 
	 	
                CORPORATION:

              
	 	 
	 	
                JDCO,
                  INC.

              
	 
 	 
 	 
 
	 	By:  	/s/
                Michael
                Binninger
	 	Name:
                Michael Binninger
	 	Title:
                Chief Executive Officer

      

       

      
        	 	 	 
	 	
                EXECUTIVE:

              
	 
 	 
 	 
 
	 	 	/s/
                Ronald
                Sands
	 	
                Ronald
                  Sands

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