Separation Agreement between Scott Murray and Isemployment.com, Inc.

Summary

This agreement is between Scott Murray and Isemployment.com, Inc. It confirms Scott Murray's resignation from all positions with the company and the mutual release of any claims or entitlements related to his employment. Both parties agree to fully settle and discharge any past, present, or future claims against each other as of October 16, 2002. The agreement is final and both parties acknowledge they have had the opportunity to seek independent legal advice before signing.

EX-1.2 4 isemploy8k11502ex12.txt SEPARATION AGREEMENT; SCOTT MURRAY SEPARATION AGREEMENT -------------------- This SEPARATION AGREEMENT ("AGREEMENT"), between Scott Murray, referred to as "SM", and Isemployment.com, Inc., a Wyoming corporation, referred to as "COMPANY" W I T N E S S E T H: A. WHEREAS, COMPANY is a corporation organized under the laws of Wyoming. B. WHEREAS, SM and the COMPANY are willing to terminate all business relationships. C. WHEREAS, the SM shall forgive and release the Corporation for any and all claims or entitlements for all employment issues. D. WHEREAS, COMPANY and SM will benefit from the transactions contemplated hereby and desire to implement the contemplated transaction. NOW, THEREFORE, it is agreed among the parties as follows: DEFINITIONS "Effective Date" The effective date of this agreement shall be the 16th day of October 2002. "Employment" Contract" All contracts for employment between SM and the corporation. TERMS SM will immediately resign his positions as Director, President, Chief Executive Officer, and Chief Financial Officer. CLAIMS IN CONSIDERATION of TEN DOLLARS CDN ($10), the forgiveness to the COMPANY, in the amount claimed by SM, the receipt and sufficiency of which is hereby acknowledged, both parties forever release, remise and discharge each other, their subsidiaries, affiliates, predecessors, successors, divisions, joint ventures, business partners, parent companies and related companies, and all of their officers, directors, employees, agents, insurers, heirs, executors and assigns, jointly and severally from any and all actions, causes of action, contracts (whether express or implied), claims and demands for damages, loss or injury, suits, debts, sums of money, indemnity, expenses, interest, costs and claims of any and every kind and nature whatsoever, at law or in equity, which against each other have ever had, now have, or can hereafter have by reason of or arising out of any cause or causes whatsoever existing up to and inclusive of the date of this Release, including, without limiting the generality of the foregoing, in connection with the COMPANY; UNDERSTANDING AND WE HEREBY DECLARE that we have had the opportunity to seek independent legal advice with respect to the matters addressed in this Release and the terms of settlement which have been agreed to by the SM and the COMPANY and that we fully understand this Release and the terms of settlement. We have not been influenced by any representations or statements made by or on behalf of the COMPANY. We hereby voluntarily accept the said terms for the purpose of making full and final compromise, adjustment and settlement of all claims as aforesaid. COMPLETE AGREEMENT We understand and agree that this Release and the Settlement Agreement attached hereto contain the entire agreement between the SM and the COMPANY and that the terms of this Release and the Settlement Agreement are contractual and not a mere recital. SEPARATED EMPLOYEE: To: Scott Murray 5705 Wayne Street Lasalle, Ontario, N9H 2M5 COMPANYS: To: Isemployment.com, Inc. 213-380 Pellisier Street Windsor, Ontario, N9A 6W8 or such other addresses as shall be furnished in writing by any party, and any such notice or communication shall be deemed to have been given as of the date received. IN WITNESS WHEREOF, the parties have set their hands this 16th day of October 2002 _______________________________ Scott Murray COMPANY: X _____________________________ Isemployment.com, Inc.