SEC Contract Filing

Filing Date: 2018-08-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ex_122640.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.2</b></font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>EXECUTIVE COMPENSATION</b><b> AGREEMENT</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">This Executive Compensation Agreement (the &ldquo;Agreement&rdquo;) is made and entered into as of August 16,&nbsp;2018 (the &ldquo;Effective Date&rdquo;), by and between Michael Hinshaw (the &ldquo;Executive&rdquo;), McorpCX, LLC (the &ldquo;Company&rdquo; and together with the Executive, the &ldquo;Parties&rdquo;).</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The Company desires the continuing employment of the Executive and Executive desires to continue such employment, on the basis of the mutual covenants set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Duties and Scope of Employment</u>. The Company shall employ Executive in the position of President, and Executive accepts such employment, on the terms and conditions set forth in this Agreement. Executive agrees to undertake and perform all duties required as President, as may from time-to-time reasonably be determined and assigned to him by the Board of Managers (the &ldquo;Board&rdquo;) of the Company, or its designee, which includes the general supervision, management, organization, administration and operation of the Company in the ordinary course of business and the specific duties outlined in Schedule &ldquo;A&rdquo; attached hereto. The Board or the Board&rsquo;s designee shall have the right to reasonably revise such duties and responsibilities from time to time, as they deem necessary or appropriate. Executive shall perform the duties and responsibilities assigned to him faithfully, diligently, professionally, and in the best interests of the Company. Executive shall at all times perform such duties in compliance with any and all laws, rules, regulations, and policies applicable to the Company of which Executive is aware. Executive shall also adhere to and obey all written rules and policies governing the conduct of the Company&rsquo;s employees as may be established and modified from time-to-time.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exclusive Services</u>. During Executive&rsquo;s employment with the Company, Executive agrees not to actively engage in any other employment, occupation or consulting activity that would result in direct competition with the services offered by the Company, without the prior approval of the Board. Notwithstanding the forgoing, the Executive may engage in any non-competitive business or charitable activities, whether for compensation or without compensation, without the prior approval of the Board, so long as such activities do not materially interfere with Executive&rsquo;s responsibilities to the Company or directly compete with the products and services offered by the Company. Such activities shall include, but are not limited to: public speaking, teaching or training in both academic and non-academic settings, executive coaching, non-compensatory advisory functions with entities that do not compete with the Company, director positions with chartable entities or businesses that do not compete with the goods and services offered by the Company, participation on executive or advisory boards, and writing (the &ldquo;Non-Competitive Activities&rdquo;). Company expressly acknowledges and agrees that all activities performed by Executive other than those which would specifically and directly compete with the product and service offerings of Company shall be considered Non-Competitive Activities and will not require prior Board approval. By way of example and not limitation, Executive&rsquo;s participation in a speaking event covering customer experience-related topics would be considered a Non-Competitive Activity despite the fact that Company&rsquo;s business includes customer experience services.</p>

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