SEC Contract Filing

Filing Date: 2016-08-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d230909dex101.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Employment Agreement</TITLE>
</HEAD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS
EMPLOYMENT AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made on this 25<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of August, 2016 (the &#147;Effective Date&#148;), by and between TapImmune Inc., a Nevada corporation (the
&#147;<U>Company</U>&#148;), and Michael J. Loiacono, an individual (the &#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Executive will serve
as the Chief Financial Officer and Chief Accounting Officer of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to employ the Executive as its
Chief Financial Officer and Chief Accounting Officer, and the Executive desires to accept such employment with the Company, in each case upon the terms and conditions set forth herein. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOW WITNESSETH: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Executive and the Company for themselves, their heirs, successors and assigns, in consideration of their mutual promises contained herein, intending to be legally bound, hereby agree to the following terms and conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <B>EMPLOYMENT.</B>&nbsp;The Company will employ the Executive as the Chief Financial Officer and Chief Accounting Officer of the Company,
and the Executive agrees to serve in such capacities and provide his services to the Company on the terms and conditions set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B>POSITION AND DUTIES.</B>&nbsp;On and after the date of this Agreement, the Executive will serve as the Chief Financial Officer and Chief
Accounting Officer of the Company. The Executive agrees that during the Term (as defined below) he shall dedicate his full business time, attention and energies to performing his duties to the Company, as prescribed by the Chief Executive Office
(the &#147;CEO&#148;).&nbsp;The Executive will manage the financial affairs of the Company and perform the duties typically assigned to the chief financial officer and chief accounting officer of a similarly situated company in the Company&#146;s
industry. The Executive shall also perform such other reasonable duties as may hereafter be assigned to him by the CEO, consistent with his abilities and position as the Chief Financial Officer and Chief Accounting Officer and providing such further
services to the Company as may reasonably be requested of him.&nbsp;The Executive will report to the CEO of the Company, and carry out the financial decisions and otherwise abide by and enforce the lawful rules and policies of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Executive shall devote his best business efforts to the business and affairs of the Company and, during the Term, shall observe at all times the covenants
regarding non-competition, and confidentiality provided in <U>Sections 5, 6</U> and<U> 7</U> below. The Company and Executive acknowledge and agree that, during the Term, Executive shall be permitted to (i)&nbsp;serve on corporate, civic or
charitable boards or committees, and (ii)&nbsp;manage passive personal investments, so long as any such activities do not unduly interfere with the performance of Executive&#146;s responsibilities as an employee of the Company in accordance with
this Agreement. The Executive will be based in Jacksonville, Florida. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <B>TERM</B>.&nbsp;The term of this Agreement shall start on the Effective Date and end on the
day preceding the second anniversary of the Effective Date (the &#147;Initial Term&#148;). The term of the Agreement will be automatically extended for successive additional twelve (12)&nbsp;month periods after the end of the Initial Term, unless
terminated by the Company or the Executive by written notice to the other Party provided not later than twelve (12)&nbsp;months prior to the end of the Initial Term, or no later than ninety (90)&nbsp;days prior to the end of any such successive 12
month term, subject to termination pursuant to Section&nbsp;8 below (the &#147;Term&#148;). However, the provisions of Sections 5, 6 and 7&nbsp;shall continue in force in accordance with the provisions therein and shall survive the expiration or
termination of the Term and this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <B>COMPENSATION AND BENEFITS</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt;