Employment Agreement Quiz

What is the effective date of the Employment Agreement?

• January 6, 2004

• March 22, 2006

• February 14, 2005

• April 30, 2007

What position is John O'Keefe employed for in the Company?

• Executive Vice President and Chief Financial Officer

• Chief Executive Officer

• Chief Operating Officer

• Chief Technology Officer

How much is the base salary for the first twelve months of Employment?

• $225,000

• $200,000

• $250,000

• $175,000

What is the sign-on bonus amount for the Executive?

• $40,000

• $30,000

• $50,000

• $60,000

How many shares of the Company's common stock is the Executive granted the right to purchase?

• 80,000

• 60,000

• 100,000

• 120,000

What is the monthly car allowance for the Executive?

• $1,500.00

• $2,000.00

• $800.00

• $1,000.00

How many weeks of paid vacation is the Executive entitled to per calendar year?

• 4 weeks

• 6 weeks

• 3 weeks

• 5 weeks

What is the term of the Employment Agreement by default?

• One year

• Two years

• Three years

• Four years

What is the definition of 'Cause' in the Agreement?

• Material breach of any provision of the Employment Agreement

• Any breach of the Invention, Confidential Information and Non-Competition Agreement

• Conviction of a felony

• Any act of fraud

What is the definition of 'Constructive Termination' in the Agreement?

• Voluntary resignation following specific events

• Reduction in Base Compensation

• Failure to obtain agreement from a successor

• Change in reporting relationship