EMPLOYEE BONUS AGREEMENT

EMPLOYEE BONUS AGREEMENT

  1. PURPOSE
    The purpose of this Employee Bonus Agreement is to provide incentives and rewards for
    the employees of Casa De Santos (hereinafter called the “Company”).
    The Agreement aims to provide employees who are working with us for more than 6
    months with a financial interest in the profitability for the Company and to reward long
    term employment with the Company.
  2. EFFECTIVE DATE
    The Agreement shall be effective as of June 10, 2021.
  3. ELIGIBLE EMPLOYEES
    All employees who have worked for the Company for more than 6 months are eligible for
    bonuses from the Company. In case an employee leaves before the lapse of 6 months,
    he/she will forfeit their wages.
  4. CONSIDERATION
    In consideration of the services and loyalty provided by the Employee to the Company, the
    Employee will be paid $ 1,000 bonus.
  5. TERMINATION
    The Agreement will be effective for 180 days from June. However, this Agreement may be
    terminated if the leasing Company refuses to grant Casa De Santos the lease or if the Seller
    fails to furnish the previous year’s taxes and all sale reports within 5 days of signing.
    Additionally, the Agreement may be terminated by an Employee’s death or incapacity to
    work due to illness and other factors.
  6. CONFIDENTIALITY, NON-CIRCUMVENTION AND NON-DISCLOSURE
    AGREEMENT
    All Parties agree that all information received from any other Party shall be used for the
    collective good of the transaction between the Parties and is not to be used in any way to:
    circumvent, eliminate, reduce or in any way diminish the role of another Party; capitalize
    on, leverage, or in any way benefit individually and separately over the another Party from
    or by the use of said information outside of the spirit and purpose of this joint venture
    between the Parties; compete directly or indirectly with another Party. The intent is that
    recipient by receiving confidential information including customer lists, etc. from the
    disclosing Party will not use of said information to compete with or circumvent the

2 | Page
disclosing Party. Any current, past and future transaction shall not be disclosed to any third
party.

  1. DISPUTE RESOLUTION
    Any disputes arising between the Employee and the Company will be handled by an
    Attorney and CPA. Any creative or functional orders of business are 100% reliant on the
    majority owner’s discretion.
  2. GOVERNING LAW
    This Agreement shall be governed and construed according to the laws of the State of
    California.
  3. ENTIRETY
    This Agreement embodies the full understanding and agreement between the Parties and
    shall supersede all other understandings, verbal or written. All statements, undertakings
    and representations are made without omission of any material fact, with personal,
    corporate and legal responsibility.

IN WITNESS WHEREOF, the Parties execute the agreement as follows:
Name: _________________
Signature: _____________
Date: _________________

Name: _____________
Signature: _____________
Date: ____________

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )