Employment Agreement

EX-10.1 7 exhibit101.htm EMPLOYMENT AGREEMENT BETWEEN VODKA BRANDS CORP AND MARK LUCERO DATED MARCH 7, 2015 Converted by EDGARwiz

Employment Agreement

This AGREEMENT, entered into this seventh day of March, 2015, between Vodka Brands Corp, a Pennsylvania Corporation (the "Company"), and Mark T. Lucero (the "Employee"),

WITNESSETH THAT:

WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth the terms and conditions of the employment of the Employee by the Company;

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and agreed by the Company and the Employee as follows:

1. Position; Employment Period  

The Company hereby employs the Employee as its Chief Executive Officer, and the Employee hereby agrees to serve in such capacity, for the period beginning April 1, 2015, and ending on April 1, 2020 or the earlier date on which the Employee's employment is terminated in accordance with paragraph 5 below (the "Employment Period"). Employee shall spend 40 hours of service weekly to the Company.

2. Performance of Duties  

The Employee agrees that during the Employment Period he shall  perform his duties faithfully and efficiently subject to the direction of the Board of Directors of the Company; provided that the foregoing shall not limit or prevent the Employee from serving on the board of directors of charitable organizations or other business corporations. The Employee shall not be assigned duties and responsibilities that are not generally within the scope and character associated or required of other employees of similar rank and position.

3. Compensation  

(a) Subject to the following provisions of this Agreement, during the Employment Period the Employee shall be compensated for his services as follows:

(b) He shall receive an annual salary, payable in monthly installments, in an amount which shall initially be thirty six thousand (36,000) shares of common stock per annum considered to have a nominal value of thirty cents per share, subject to such increases as may from time to time be determined by the Board of Directors of the Company.

(c) He shall be entitled to vacations of not less than four weeks per year.

(d) He shall be entitled to such other perquisites as may be customarily granted by the Company to employees of similar rank and position.

4. Disability  

Subject to the provisions of paragraph 5, if the Employee's employment is terminated during the Employment Period by reason of his Disability (as defined below), the Employee shall continue to receive an annual salary and benefits in accordance with paragraphs 3(a) and 3(b) through the end of the third full calendar month of such disability but not in any event beyond the end of the Employment Period. For purposes of this Agreement the term "Disability" means a physical or mental disability which renders the Employee incapable of performing his duties under this Agreement and which disability has existed for at least three months, as determined by an independent physician selected by the Company and agreed to by the Employee. Any salary payments to the Employee shall be reduced by the amount of any benefits paid for the same period of time under the Company's disability insurance programs.




5. Amendment and Termination    This Agreement may be amended or cancelled by mutual agreement of the parties without the consent of any other person and, so long as the Employee lives, no person, other than the parties hereto, shall have any rights under or interest in this Agreement or the subject matter hereof The Employment Period shall terminate as of the earliest of:

(a) April 1, 2020;

(b) the last day of the month in which the date of the Employee's death occurs; or the date on which the Company gives notice to the Employee if such termination is for Cause or Disability.

(c) For purposes of this Agreement, "Cause" means the Employee's gross misconduct resulting in material damage to the Company or willful and material breach of this Agreement.

6. Notices  

Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and if sent by registered mail to the Company at its principal executive offices or to the Employee at the last address filed by him in writing with the Company, as the case may be.

7. Non-Assignment  

The interests of the Employee under this Agreement are not subject to the claims of his creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered.

8. Successors  

This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business.

9. Applicable Law  

The provisions of this Agreement shall be construed in accordance with the laws of the State of Pennsylvania.

10. Counterparts  

The Agreement may be executed in two or more counterparts, any one of which shall be deemed the original without reference to the others.

IN WITNESS WHEREOF, the Employee has hereunto set his hand, and the Company has caused these presents to be executed in its name and on its behalf, all as of the day and year first above written.

Mark T. Lucero, Employee

/s/ Mark T. Lucero

Vodka Brands Corp

/s/ Mark T. Lucero
Chief Executive Officer