Employment Agreement between Wade Cook Financial Corp and Cynthia C. Britten (CFO)

Summary

This agreement is between Wade Cook Financial Corp and Cynthia C. Britten, who is hired as Chief Financial Officer. It sets her starting salary at $115,000 per year, with annual increases over five years, and provides quarterly bonuses for timely SEC filings. The workweek is Monday through Thursday, with Friday availability by phone. Either party can end the agreement with 30 days' notice, except in cases of management changes, when Britten may give only two weeks' notice. The agreement also updates her proprietary information obligations.

EX-10.49 3 0003.txt EMPLOYMENT AGREEMENT WITH CYNTHIA BRITTEN EXHIBIT 10.49 November 11, 2000 Employment Agreement Employment agreement as agreed upon between the parties Wade B. Cook, president of Wade Cook Financial Corp and Cynthia C. Britten CPA. The job of Chief Financial Officer of Wade Cook Financial Corporation includes the following compensation factors: (1) The first year Base Salary of $115,000 a year until November 11, 2001. A $10,000 dollar increase will occur for the next 4 years as follows: November 11, 2001 $125,000 November 11, 2002 $135,000 November 11, 2003 $145,000 November 11, 2004 $155,000 (2) The SEC bonuses of $2,500 a quarter will continue if timely filing occur. (3) Workweek is Monday thru Thursday. Friday's Cynthia C. Britten will be available by phone. (4) Either party may terminate this Agreement. WCFC will give Cynthia C. Britten 30 days advance notice of termination. Cynthia C. Britten will give WCFC 30 days advance notice of resignation. If both parties agree that Cynthia C. Britten will cease to work for WCFC, then the required notice period is 60 days. Regardless of what notice is given or whether Cynthia C. Britten actually works for WCFC during the notice period, Cynthia C. Britten will receive her salary set forth above in (1). (5) The above (4) provision does not apply if a change in upper management occurs, including the retirement of Wade B. Cook or implementation of new managers, Cynthia C. Britten is granted the ability to reduce the notice of termination to 2 weeks. (6) The proprietary information agreement singed by Cynthia C. Britten in July of 1997 is replaced by the attached and signed current proprietary agreement dated November 2000. _ /s/ Wade B. Cook______ __/s/ Cynthia C. Britten___ Wade B. Cook [Dated 1-17-01] Cynthia C. Britten