Employment Agreement: Via Cosimo de Giorgi 73100, Lecce LE, Italy
Employment Agreement: Via Cosimo de Giorgi 73100, Lecce LE, Italy
EMPLOYMENT AGREEMENT
This Employment Agreement (the "Agreement") is made and effective this [DATE],
BETWEEN: [EMPLOYEE NAME] (the "Employee"), an individual with his main address at:
AND: BLC Fund LLC (the "Company"), a corporation organized and existing under the
laws of the, with its head office located at:
RECITALS
A. Company is engaged in business of full-service broker, and maintains a branch office at 250
University Ave, Toronto, ON M5H 3ES, Canada.
B. Employee has been engaged and has had a great deal of experience in the above-designated
business.
In consideration of the matters described above, and of the mutual benefits and obligations set forth in
this Agreement, the parties agree as follows:
1. EMPLOYMENT
Company will employ Employee and Employee accepts employment upon the terms set forth below, and
at a compensation which may be agreed upon from time to time by Company and Employee. This
Agreement starts as of the date set forth above and remains in effect for an indefinite time until
terminated by Company or by Employee by giving the other party notice of termination at least 30 days in
advance. Instead of such notice, Company may at its sole option, pay Employee the salary equivalent for
30 days. While employed by Company, Employee agrees to devote Employee's full working time to the
affairs of Company. Employee shall not work as an employee, independent consultant or agent for
another entity, whether or not during the business hours of Company, without the permission of
Company.
2. GENERAL
2.1. This Agreement contains the entire understanding between Company and Employee relating to the
subject matter of confidentiality, work product and non-competition. This Agreement shall be governed by
and construed in accordance with the laws of Toronto, Canada, and may be modified only by a writing
signed by Employee and Company. Employee hereby consents to the exclusive jurisdiction of the courts
of Toronto, Canada sitting in Toronto, Canada or the Federal courts sitting in Toronto, Canada. The
provisions of this Agreement relating to confidentiality and non-competition shall survive any termination
of employment.
2.2. The services provided to the Company in sense of the present Agreement are understood as
professional activity of the Employee consisting of a complex of transactions set out in the Exhibit A,
attached to this Core Agreement. Exhibit A represents the integral part of the Agreement and contains the
principles and values governing the relationship between the Company and the Employee. The Employee
takes the responsibility to provide the Company with the estimate, which is later attached as Exhibit A of
the present Agreement. The Exhibit A shall define the Employee’s duties, term of engagement,
compensation and provisions for payment thereof.
3. CONFIDENTIALITY
Employee recognizes and acknowledges that the software systems, including specifications, programs
and documentation, the methods and data which Company owns, plans or develops, whether for its own
use or for use by its clients, developments, designs, inventions and improvements, trade secrets and
works of authorship are confidential and are the property of Company. Employee also recognizes that
Company's customer lists, supplier lists, proposals and procedures are confidential and are the property
of Company. Employee further recognizes and acknowledges that in order to enable Company to perform
services for its clients, those clients may furnish to Company confidential information concerning their
business affairs, property, methods of operation or other data; that the goodwill afforded to Company
depends upon, among other things, Company and its employees keeping such services and information
confidential. All of these materials and information including that relating to Company's systems and
Company's clients, will be referred to below as "Proprietary Information."
4. NON-DISCLOSURE
Employee agrees that, except as directed by Company, and in the ordinary course of Company's
business, Employee will not at any time, whether during or after Employee's employment with Company,
disclose to any person or use, directly or indirectly, for Employee's own benefit or the benefit of others,
any Proprietary Information, or permit any person to examine or make copies of any documents which
may contain or are derived from Proprietary Information, whether prepared by Employee or otherwise
coming into Employee's possession or control. Employee agrees that the provisions of this paragraph
shall survive the termination of this Agreement and Employee's employment by Company.
5. POSSESSION
Employee agrees that upon request by Company, and in any event upon termination of Employee's
employment, Employee shall then over to Company all documents, papers or other material in
Employee's possession or under Employee's control which may contain or be derived from Proprietary
Information, together with all documents, notes or Employee's work products which are connected with or
derived from Employee's services to Company and all copies of software obtained from Company shall
be either returned to Company or, as appropriate, permanently deleted. Upon termination of Employee's
employment with Company, Employee agrees to pay in full any amount owed Company, including but not
limited to monies used to purchase computer hardware. The return of any computer hardware purchased
by Employee will not be accepted in lieu of such payment.
6. OWNERSHIP
Employee hereby assigns and agrees to assign to Company or its subsidiaries or affiliates, as
appropriate, its successors, assigns or nominees, Employee's entire right, title and interest in any
developments, designs, patents, inventions and improvements, trade secrets, trademarks, copyrightable
subject matter or proprietary information which Employee has made or conceived, or may make or
conceive, either solely or jointly with others, while providing services to Company, or with the use of the
time, material or facilities of Company or relating to any actual or anticipated business, research,
development, product, service or activity of Company known to Employee while employed at Company,
or suggested by or resulting from any task assigned to Employee or work performed by Employee for or
on behalf of Company, whether or not such work was performed prior to the date of this Agreement.
It is further agreed, that without charge to Company, but at its expense, Employee will execute and
deliver all such further documents as may be necessary, including original applications and applications
for renewal, extension or reissue of such patents, trademark registrations or copyright registrations, in any
and all countries, to vest title thereto in Company, its successors, assigns or nominees.
7. NON-COMPETITION
Employee agrees that because of the confidential and sensitive nature of the Proprietary Information and
because the use of, or even the appearance of the use of, the Proprietary Information in certain
circumstances may cause irreparable damage to Company and its reputation, or to clients of Company,
Employee shall not, until the expiration of 2020 year after the date on which Employee's employment with
Company terminates for any reason, engage, directly or indirectly, or through any corporation or
associates in any business, enterprise or employment which directly solicits business, performs services
or delivers goods that are competitive to those of Company to any customer or prospect of Company.
Company and Employee agree that this covenant is fair and reasonable; however, in the event that a
court should decline to enforce these provisions, Employee and Company agree that the provisions
should be modified to restrict Employee's competition with Company to the maximum extent enforceable,
but in no event will the covenants be interpreted as more restrictive to Employee.
8. INJUNCTIVE RELIEF
IN WITNESS WHEREOF the undersigned have executed this Agreement as of the day and year first
written above.
The present Agreement, as well as all supplements, changes and the appendices to the present
Agreement signed by the means of facsimile communication, stand good in law.
[Employee’s name]
By:____________________
EXHIBIT A
1. DUTIES:
1.1 The Employee must fulfill the next functional duties reasonably requested by the Company and
the Company, in its part, in every possible way promotes the most effective performance of the
tasks which it sets for the employee:
3. Keep orderly record of documentation in order to account for each transaction if necessary.
1.2. The Employee will report directly to the senior manager and to any other party designated by the
senior manager in connection with the performance of the duties under this Agreement and shall fulfill any
other duties reasonably requested by the Company and agreed to by the Employee.
2. TERM OF THE AGREEMENT:
This contract will become res judicata upon signature by both sides.
3.COMPENSATION:
Your salary will be € 2350 per month, we pay once a month after you close the reporting for all customers
for the passing month Your bonus will be accumulated throughout the entire work, starting from 0.1% of
the turnover of your successful closed orders to 1.5%.
President
By:____________________