Employment Agreement between AST & Science, LLC and Abel Avellan (Chairman & CEO)
This agreement formalizes Abel Avellan's role as Chairman and Chief Executive Officer of AST & Science, LLC, effective July 18, 2018. Mr. Avellan will receive an annual gross salary of $23,660, starting July 27, 2018, and will be eligible to participate in the company's health and benefits plans. The agreement is signed by both Mr. Avellan and the company's CFO/COO, Tom Severson, confirming the terms of employment.
Exhibit 10.12
July 18th, 2018
Abel Avellan
Dear Abel:
You have been performing the duties of your position since June of 2017, and we are pleased to formalize in writing your position as Chairman & Chief Executive Officer for AST & Science, LLC (“AST” or “the Company”).
Your compensation package will consist of the following:
Cash Compensation – your annual gross salary will be $23,660 and you will begin to receive this cash compensation beginning on July 27th, 2018.
Other benefits – you will be eligible to participate in AST health and benefits plans.
We are very excited that you arguing to continue helping us execute the vision for AST's future prospects.
| AST & Science LLC | ||
| /s/ Tom Severson | ||
| By: | Tom Severson | |
| Its: | Chief Financial Officer & Operating Officer | |
The forgoing terms and conditions are hereby accepted as of July 18, 2018
| Signed: | /s/ Abel Avellan | |
| Abel Avellan |
