Document:

EMPLOYMENT AGREEMENT

Exhibit 10.14

EMPLOYMENT AGREEMENT

 

This Employment Agreement (the "Agreement") is entered into as of
January 1, 2001 (the "Effective Date" by and between Socket Communications, Inc., a Delaware
corporation (the "Company"), and David W. Dunlap (the "Executive").

WHEREAS, the Company desires to continue to employ the Executive and the
Executive desires to be employed by the company upon the terms and conditions set forth below.

NOW, THEREFORE, the Company and the Executive agree as follows:

	Term of the Agreement.  The Company hereby employs the Executive and
the Executive hereby accepts employment with the Company under this Agreement commencing on the
Effective Date and expiring on December 31, 2003 (the "Employment Period) subject, however,
to prior termination as provided pursuant to paragraph 5 of this Agreement.

	Duties and Obligations

	The Executive shall report to, and follow the instructions and wishes of,
the Company's Chief Executive Officer.

	The Executive agrees that to the best of his ability and experience, he will
at all times loyally and conscientiously perform all of the duties and obligations required of and
from him pursuant to the express and implicit terms hereof.

	Devotion of Entire time to the Company's Business

	During the term of his employment, the Executive shall, during regular
business hours, devote all of his attention, knowledge, skills, interests, and productive time to
the business of the Company, and the Company shall be entitled to all of the benefits and profits
arising from or incident to all work, services, and advice of the Executive.

	During the term of his employment, the Executive shall not, directly or
indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder,
corporate officer, director, or in any other individual or representative capacity, engage or participate
in any business that is competitive in any manner whatsoever with the business of the Company.

	Compensation and Benefits

	Compensation and Benefits.  During the term of this Agreement, the Company
shall pay to the Executive a base annual salary not less than the base salary in effect on January 1,
2001, payable in equal semi-monthly installments in accordance with the Company's payroll schedule.
During the term of this Agreement, the Executive shall be eligible for annual salary and merit increases
in his base salary as determined in the sole discretion of the Company's Board of Directors.

	Bonus.  During the term of this Agreement, the Executive is entitled to
participate in the Company's Management Incentive Bonus Plan (the "Bonus Plan") according to
its terms as set by the Company's Board of Directors.

	Insurance.  The Executive shall be entitled to the prerequisites and
benefits generally available to the other executive employees or their families through group insurance
programs sponsored by the Company.

	Paid Time Off.  The Executive shall be entitled to accrue paid time
off ("PTO") in accordance with the Company's PTO policy applicable to all employees.  The
Executive can request payment of PTO to reduce the PTO balance by up to 20% of the maximum by giving
fifteen (15) days notice prior to a payroll date if the PTO accrual is within 10 hours of reaching the
maximum PTO accrual.

	Savings Plan.  The Executive shall be entitled to the prerequisites and
benefits generally available to other executive employees through tax deferred savings, pension and
similar programs when and if sponsored by the Company.

	Termination of Employment

	The Executive understands that either he or the Company may terminate the
employment relationship between them at any time, for any reason, with or without Cause.  For purposes
of this Agreement, "Cause" for termination of employment by the Company is defined as a
determination in the sole discretion of the Company's Board of Directors of the occurrence of any of
the following:

	Gross misconduct or fraud by the Executive;

	Misappropriation of the Company's proprietary information by the Executive;

	Willful and continuing breach by the Executive of his duties under this Agreement
after the Company has given notice to the Executive thereof and Executive has had 30 days in which to cure
such breach.

	If at any time during the Initial Employment Period, the Company terminates
Executive's employment without Cause, as defined above, or in the event of a disability which causes
the Executive to be unable to perform the Executive's duties in a satisfactory manner, it shall provide
to Executive each of the following:

	The Executive's regular base salary for a period of six (6) months, payable on
normal company paydays during that six-month period (the "Period").  The Executive will be
entitled to receive this payment regardless of whether or not he secures other employment during the
Period.

	Continued health insurance benefits at its own expense pursuant to COBRA until
the earlier of either: (a) such time as the Executive becomes eligible for the health insurance benefits
provided by another employer; or (b) the expiration of the Period.  The Executive agrees that should he
become eligible for health insurance benefits provided by another employer during the Period, he will
immediately provide written notice of such event to the Company's Board of Directors.

	For the quarter in which the Executive is terminated or disabled, he will receive
the full bonus amount, pursuant to the terms of the Bonus Program, to which he would otherwise have been
entitled had he remained employed with the Company.  For the quarter following the Executive's termination,
he will receive one-half of the bonus amount, pursuant to the terms of the Bonus Program, to which he would
otherwise have been entitled had he remained employed with the Company.  The Executive understands that he
is not entitled to, nor will he receive, any further payout under the Bonus Program.  Within thirty (30)
days of the date of the termination without Cause of the Executive's employment, and pursuant to mutual
agreement between the Company and the Executive, the Executive may purchase at book value certain items
of the Company property which were purchased by the Company for the use of the Executive, which may include
a personal computer, cellular phone, and other similar items. 

The Executive agrees that in the event he accepts employment directly or indirectly,
either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer,
director, or in any other individual or representative capacity, in any business that is competitive in
any manner whatsoever with the business of the Company, the Company may discontinue any of the benefits
set forth in paragraph 5(b) not payable as of the date of such employment.  The Executive understands
that in the event his employment is terminated for any reason, with or without Cause, after December 31,
2003, he is not entitled to receive any of the benefits set forth in paragraph 5(b).

	In the event of the termination of this Agreement for any reason, at any time,
with or without Cause, the Company agrees that it will pay to the Executive all his accrued but unused
PTO.

	In the event that the Company alters the Executive's reporting structure at any
time during the Employment Period so that the Executive does not report directly to the Chief Executive
Officer, the Executive may elect to resign his employment.  In such case, the Executive will be entitled
to receive all of the benefits set forth under paragraph 5(b).

	Governing Law.  This Agreement shall be interpreted, construed, governed,
and enforced according to the laws of the State of Delaware.

	Attorney's Fees.  In the event of any arbitration or litigation concerning
any controversy, claim, or dispute between the parties arising out of or relating to this Agreement or the
breach or the interpretation hereof, the prevailing party shall be entitled to recover from the losing party
reasonable expense, attorneys' fees, and costs incurred therein or in the enforcement or collection of any
judgment or award rendered therein.  The "prevailing party" means the party determined by the
arbitrator or court to have most nearly prevailed, even if such party did not prevail in all matters, not
necessarily the one in whose favor a judgment is rendered.

	Arbitration.  Any controversy between the parties hereto involving the
construction or application of any terms, covenants, or conditions of this Agreement, or any claim
arising out of or relating to this Agreement, except with respect to prejudgment remedies, will be
submitted to and be settled by final and binding arbitration in San Jose, California, in accordance
with the rules of the American Arbitration Association then in effect, and judgment upon the award
rendered by the arbitrators may be entered in any court having jurisdiction thereof.

	Amendments.  No amendment or modification of the terms or conditions of
this Agreement shall be valid unless in writing and signed by the parties hereto.

	Severe ability.  All agreements and covenants contained herein are sever
able, and in the event any of them shall be held to be invalid or unenforceable, this Agreement shall
be interpreted as if such invalid agreements or covenants were not contained herein.

	Successors and Assigns.  The rights and obligations of the Company under
this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the
Company.  The Executive shall not be entitled to assign any of his rights or obligations under this
Agreement.

	Entire Agreement.  This Agreement and the Proprietary Information and
Inventions Agreement signed by the Executive on joining the Company, a copy of which is attached hereto
as Exhibit A, constitute the entire Agreement between the parties with respect to the employment of the
Executive.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date set
forth above.

EXECUTIVE:

 

 

David W. Dunlap

 

SOCKET COMMUNICATIONS, INC.:

 

 

By:

 

 

Its:EMPLOYMENT AGREEMENT

Exhibit 10.15

EMPLOYMENT AGREEMENT

 

This Employment Agreement (the "Agreement") is entered into as of
January 1, 2001 (the "Effective Date" by and between Socket Communications, Inc., a Delaware
corporation (the "Company"), and John R. Adams, Jr. (the "Executive").

WHEREAS, the Company desires to continue to employ the Executive and the
Executive desires to be employed by the company upon the terms and conditions set forth below.

NOW, THEREFORE, the Company and the Executive agree as follows:

	Term of the Agreement.  The Company hereby employs the Executive and
the Executive hereby accepts employment with the Company under this Agreement commencing on the
Effective Date and expiring on December 31, 2003 (the "Employment Period) subject, however,
to prior termination as provided pursuant to paragraph 5 of this Agreement.

	Duties and Obligations

	The Executive agrees that to the best of his ability and experience, he will
at all times loyally and conscientiously perform all of the duties and obligations required of
and from him pursuant to the express and implicit terms hereof.

	Devotion of Entire time to the Company's Business

	During the term of his employment, the Executive shall, during regular
business hours, devote all of his attention, knowledge, skills, interests, and productive time to
the business of the Company, and the Company shall be entitled to all of the benefits and profits
arising from or incident to all work, services, and advice of the Executive.

	During the term of his employment, the Executive shall not, directly or
indirectly, either as an employee, employer, consultant, agent, principal, partner, stockholder,
corporate officer, director, or in any other individual or representative capacity, engage or
participate in any business that is competitive in any manner whatsoever with the business of the
Company.

	Compensation and Benefits

	Compensation and Benefits.  During the term of this Agreement, the
Company shall pay to the Executive a base annual salary not less than the base salary in effect
on January 1, 2001, payable in equal semi-monthly installments in accordance with the Company's
payroll schedule.  During the term of this Agreement, the Executive shall be eligible for annual
salary and merit increases in his base salary as determined in the sole discretion of the Company's
Board of Directors.

	Bonus.  During the term of this Agreement, the Executive is entitled
to participate in the Company's Management Incentive Bonus Plan (the "Bonus Plan") according
to its terms as set by the Company's Board of Directors.

	Insurance.  The Executive shall be entitled to the prerequisites and
benefits generally available to the other executive employees or their families through group insurance
programs sponsored by the Company.

	Paid Time Off.  The Executive shall be entitled to accrue paid time
off ("PTO") in accordance with the Company's PTO policy applicable to all employees.  The
Executive can request payment of PTO to reduce the PTO balance by up to 20% of the maximum by giving
fifteen (15) days notice prior to a payroll date if the PTO accrual is within 10 hours of reaching the
maximum PTO accrual.

	Savings Plan.  The Executive shall be entitled to the prerequisites and
benefits generally available to other executive employees through tax deferred savings, pension and
similar programs when and if sponsored by the Company.

	Termination of Employment

	The Executive understands that either he or the Company may terminate the
employment relationship between them at any time, for any reason, with or without Cause.  For purposes
of this Agreement, "Cause" for termination of employment by the Company is defined as a
determination in the sole discretion of the Company's Board of Directors of the occurrence of any
of the following:

	Gross misconduct or fraud by the Executive;

	Misappropriation of the Company's proprietary information by the Executive;

	Willful and continuing breach by the Executive of his duties under this Agreement
after the Company has given notice to the Executive thereof and Executive has had 30 days in which to
cure such breach.

	If at any time during the Initial Employment Period, the Company terminates
Executive's employment without Cause, as defined above, or in the event of a disability which causes
the Executive to be unable to perform the Executive's duties in a satisfactory manner, it shall provide
to Executive each of the following:

	The Executive's regular base salary for a period of six (6) months, payable on
normal company paydays during that six-month period (the "Period").  The Executive will be
entitled to receive this payment regardless of whether or not he secures other employment during the
Period.

	Continued health insurance benefits at its own expense pursuant to COBRA until
the earlier of either: (a) such time as the Executive becomes eligible for the health insurance benefits
provided by another employer; or (b) the expiration of the Period.  The Executive agrees that should he
become eligible for health insurance benefits provided by another employer during the Period, he will
immediately provide written notice of such event to the Company's Board of Directors.

	For the quarter in which the Executive is terminated or disabled, he will receive
the full bonus amount, pursuant to the terms of the Bonus Program, to which he would otherwise have been
entitled had he remained employed with the Company.  For the quarter following the Executive's termination,
he will receive one-half of the bonus amount, pursuant to the terms of the Bonus Program, to which he would
otherwise have been entitled had he remained employed with the Company.  The Executive understands that he
is not entitled to, nor will he receive, any further payout under the Bonus Program.  Within thirty (30)
days of the date of the termination without Cause of the Executive's employment, and pursuant to mutual
agreement between the Company and the Executive, the Executive may purchase at book value certain items
of the Company property which were purchased by the Company for the use of the Executive, which may include
a personal computer, cellular phone, and other similar items. 

The Executive agrees that in the event he accepts employment directly or indirectly,
either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer,
director, or in any other individual or representative capacity, in any business that is competitive in any
manner whatsoever with the business of the Company, the Company may discontinue any of the benefits set
forth in paragraph 5(b) not payable as of the date of such employment.  The Executive understands that in
the event his employment is terminated for any reason, with or without Cause, after December 31, 2003, he
is not entitled to receive any of the benefits set forth in paragraph 5(b).

	In the event of the termination of this Agreement for any reason, at any time, with
or without Cause, the Company agrees that it will pay to the Executive all his accrued but unused PTO.

	In the event that the Company alters the Executive's reporting structure at any time
during the Employment Period so that the Executive does not report directly to the Chief Executive Officer,
the Executive may elect to resign his employment.  In such case, the Executive will be entitled to receive all
of the benefits set forth under paragraph 5(b).

	Governing Law.  This Agreement shall be interpreted, construed, governed, and
enforced according to the laws of the State of Delaware.

	Attorney's Fees.  In the event of any arbitration or litigation concerning any
controversy, claim, or dispute between the parties arising out of or relating to this Agreement or the breach
or the interpretation hereof, the prevailing party shall be entitled to recover from the losing party reasonable
expense, attorneys' fees, and costs incurred therein or in the enforcement or collection of any judgment or
award rendered therein.  The "prevailing party" means the party determined by the arbitrator or
court to have most nearly prevailed, even if such party did not prevail in all matters, not necessarily the
one in whose favor a judgment is rendered.

	Arbitration.  Any controversy between the parties hereto involving the construction
or application of any terms, covenants, or conditions of this Agreement, or any claim arising out of or relating
to this Agreement, except with respect to prejudgment remedies, will be submitted to and be settled by final and
binding arbitration in San Jose, California, in accordance with the rules of the American Arbitration Association
then in effect, and judgment upon the award rendered by the arbitrators may be entered in any court having
jurisdiction thereof.

	Amendments.  No amendment or modification of the terms or conditions of this
Agreement shall be valid unless in writing and signed by the parties hereto.

	Severe ability.  All agreements and covenants contained herein are sever able,
and in the event any of them shall be held to be invalid or unenforceable, this Agreement shall be interpreted
as if such invalid agreements or covenants were not contained herein.

	Successors and Assigns.  The rights and obligations of the Company under this
Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Company.
The Executive shall not be entitled to assign any of his rights or obligations under this Agreement.

	Entire Agreement.  This Agreement and the Proprietary Information and Inventions
Agreement signed by the Executive on joining the Company, a copy of which is attached hereto as Exhibit A,
constitute the entire Agreement between the parties with respect to the employment of the Executive.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above.

EXECUTIVE:

 

 

John R. Adams, Jr.

 

SOCKET COMMUNICATIONS, INC.:

 

 

By:

 

 

Its:

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