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 |