Employment Agreement between InMedica Development Corporation and Ralph Henson (April 2001)

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement is between InMedica Development Corporation and Ralph Henson, appointing Henson as Chief Executive Officer and President for a two-year term starting April 1, 2001. Henson will also serve as a board member and report to the Board of Directors. His salary is set at $7,000 per month for the remainder of 2001 and $8,000 per month from January 1, 2002, through March 30, 2003. The agreement incorporates and amends terms from a prior employment agreement between the parties.

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EX-10.1 2 exhibit10no1.txt EMPLOYMENT AGREEMENT RALPH HENSON EMPLOYMENT AGREEMENT An Employment Agreement between Ralph Henson as Employee and InMedica Development Corporation, a Utah corporation, as Employer, effective as of April 1, 2001. RECITALS WHEREAS Employer and Employee previsously entered into an Employment Confidentiality and Competition Agreement dated December 11, 1999 (the "Employment Agreement"); and WHEREAS the parties now desire to provide for additional employment based on certain terms of the prior Employment Agreement for an additional period; THEREFORE, in consideration of the promises herein, the parties agree as follows: 1. The terms of the prior Employment Agreement are incorporated herein as the employment agreement between the parties, as those terms are amended below. 2. Paragraphs one and two of the Employment Agreement are amended and restated in their entirety as follows: 1. Employment. Employer does hereby employ Employee on a full-time basis as chief executive officer and president of Employer for a period of two years beginning April 1, 2001. Employee shall continue to be a member of the board of directors during the term of this agreement and shall work under the direction of the Board of Directors. 2. Compensation.Employer shall compensate Employee in the sum of Seven Thousand Dollars per month ($7,000) salary during the remainder of 2001 and in the sum of Eight Thousand Dollars per month ($8,000) salary beginning January 1, 2002 through March 30, 2003. DATED the 25th day of April, 2001. INMEDICA DEVELOPMENT CORPORATION, Employer By: /s/ Larry E. Clark ---------------------- Larry E. Clark Its Chairman By: /s/ Ralph Henson -------------------- Ralph Henson Employee