Employment Agreement between Rockdale Resources Corporation and Marc Spezialy (Chief Financial Officer)

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement, effective March 15, 2012, is between Rockdale Resources Corporation and Marc Spezialy, who will serve as Chief Financial Officer. Mr. Spezialy will handle financial planning, budgeting, investor relations, SEC reporting, and related duties, reporting to Director John Barton. He will be paid $10,000 per month, with reimbursement for reasonable expenses. The agreement lasts for 12 months unless extended, and can be terminated by either party with 30 days' written notice, or immediately by the Company for cause, such as misconduct or fraud.

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EX-10.5 12 ex10-5a.htm ex10-5.htm
EXHIBIT 10.5
 
 
 
EMPLOYMENT AGREEMENT

This Agreement is entered into as of March 15, 2012, between MARC SPEZIALY (“Employee”), and ROCKDALE RESOURCES CORPORATION (“Company”).

During the term of this Agreement, Employee agrees to perform for the Company as the Chief Financial Officer, and will report directly to John Barton, Director.  The Employee will assist the Company with certain responsibilities typically performed by the Chief Finanial Officer, including financial planning, budgeting, investor relations, preparation of SEC reports and other administrative responsibilities.

During the term of this Agreement, the Company shall pay Employee $10,000 a month, to be paid semi-monthly on the 15th and last day of the month, and will reimburse all reasonable out-of-pocket expenses.

This Agreement shall commence on the date hereof and shall remain in effect for twelve (12) months, unless extended in writing by mutual agreement of the parties for additional periods.

Either party may terminate this agreement at any time for any or for no reason by giving thirty (30) days’ written notice of termination to the other party.

The Company may immediately terminate Employee’s engagement for Cause upon written notice of termination to Employee, with the particular Cause being specified in such notice.  Cause” means any of the following in the Company’s judgment: (a) Employee’s conduct, failure or omission which has, or may have, an adverse effect on the Company; (b) Employee’s act or acts amounting to gross negligence or willful misconduct to the detriment of the Company; or (c) Employee’s fraud or embezzlement of funds or property.


ROCKDALE RESOURCES CORPORATION                                                                  EMPLOYEE


/s/ John Barton                                                                                        /s/ Marc Spezialy                                                                                       
John Barton, Director                                                                                                              Marc Spezialy









Rockdale Spezialy Employ Agree 3-15-12