Contract Assignment – Week 3
Professor Grace Lee
This contract dated this 17th day of June 2013
A. The Employer is of the opinion that the Employee has the ability to assist and benefit the Employer in business and welfare. B. The Employer requests to employ the Employee with the terms and conditions set out in this Agreement. IN CONSIDERATION OF the matters described above and of the mutual benefits and obligations set forth in this agreement, is agreed as follows: 1. START DATE AND PLACE OF WORK
The Employee’s start date is 17 June 2013. The Employee’s primary place of work is 1234 Grump Ranch, Bisbee, Arizona 85603.
2. JOB DESCRIPTION
The employee will manage all aspects of the ranch with the oversight and final judgment of the employer. The employee will be responsible but not limited to the following areas of management: personnel, asset, financial, property and infrastructure. The employee will receive six months of on-the-job training in these respective areas. The six-month trial period terms will be in effect during this time. Due to the nature of the ranch environment, the employee must work a minimum of 50 hours per week and be available 24/7 to respond to ranch emergencies with in a two-hour window (not including time off). The employee must also attend weekly meetings with the employer and provide status reports for each of the five areas of management. The reports will be used to assess the successes/failures of each area and to provide informed recommendations for the way forward
3. EMPLOYEE COMPENSATION AND TERMINATION OF EMPLOYMENT
The Employee will be provided an annual base salary of $60,000 for the initial six months. The initial six months will be considered as a probationary period. Either party may terminate employment during the probationary period by providing at minimum, a two-week notice with no remedies owed by either party. 50 % moving expenses (up to $2,500) will be provided to the Employee upon termination during the six-month probationary period with. Upon completion of the probationary period, the Employee will receive an annual base salary of $75,000 per year with a 10% bonus based upon the profits of the ranch. A 5% share of the ranch will be provided to the employee upon the completion of each consecutive year. Upon completion of five consecutive years or at the early determination of the Employer, the ranch will be written into the Employer’s will to be given to the Employee.
4. EMPLOYEE BENEFITS
Moving expenses for the employee’s initial move will be covered up to $5,000. Premiums for medical, dental and vision will be covered at 50% up to a total of $2,500 per calendar year. A provision for education will be provided up to $2,500 dollars per calendar year. Personal time off (PTO) will be accrued at 15 hours per month. Sick time off (STO) will be accrued at 5 hours per month.
5. EMPLOYEE RESIDENCE
The employee may choose to reside at the place of work without any expenses due to the Employer. However, if the Employee chooses to reside outside the ranch the Employee must pay all expenses. The Employee must maintain a residence within a 25-mile radius of the place of work.
6. CONTRACTUAL CAPACITY
In the event that the Employer is mentally incapacitated or terminally ill as deemed by the Employer’s physician, the Employee will assume a health care power of attorney. The Employee will have authority to make health care decisions on the Employer’s behalf. The Employee will adhere to all requests made in the Employer’s living will. The Employee will also assume ownership of the Employer’s assets according to the Employer’s will.
7. MODIFICATION OF AGREEMENT
Any amendment or modification of this contract must be attached and signed by both the Employer and the Employee. Otherwise, this agreement is binding and will not be modified.
8. GOVERNING LAW
This agreement shall be interpreted in accordance with and governed by the laws of the State of Arizona.
IN WITNESS WHEREOF, the parties have duly affixed their signatures under hand and seal this 17th day of June, 2013. EMPLOYER:EMPLOYEE:
_______________________________ _______________________________ Horace GrumpNettie Samaritan