-8-
or 5 percent of the gross receipts for all office supplies sold
under the agreement. Petitioner had resolved on February 15,
1996, to pay Ms. Odell for 1995 a royalty payment equal to 5
percent of gross receipts for the use of her existing Government
contracts and her experience in obtaining Government contracts.
Petitioner also had resolved to pay Ms. Odell a salary of $400
per month.
The employment agreement provided in relevant part:
EMPLOYMENT AGREEMENT
* * * * * *
Charlotte’s Office Boutique, Inc. is engaged in
the fulfillment of office supply orders; and
Charlotte Odell is experienced in office
procedures,
In consideration of the promises and mutual
covenants herein set forth, the parties agree as
follows:
2. Job Duties and Responsibilities
A. Charlotte Odell agrees to perform general
office duties for Charlotte’s Office Boutique. Such
duties include, but are not limited to, answering the
telephone, ordering supplies, receiving orders,
fulfilling orders, preparing bid documents, and
recordkeeping.
3. Payments
A. As this is a start-up company with limited
cash flow, Charlotte Odell will not receive
compensation for her job performance for the period
January 1, 1995 through July 31, 1996.
B. Commencing on August 1, 1996, Charlotte’s
Office Boutique, Inc. agrees to pay Charlotte Odell
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011