Employment Agreement (2010)Full Document 

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10.2

EMPLOYMENT AGREEMENT

THIS AGREEMENT, made and entered into this _____ day of __________, ____, by and between PATRICK INDUSTRIES, INC., an Indiana corporation, hereinafter referred to for convenience as “PATRICK”, and ___________________, hereinafter referred to for convenience as “EMPLOYEE,”
RECITALS:
A.  Patrick desires to continue the employment of Employee, and Employee desires to continue his employment with Patrick under the terms and conditions set forth in this Agreement.
B.  Patrick is a manufacturer of building products and materials for sale to the Manufactured Housing and Recreational Vehicle Industries in the United States, and a supplier of products to other markets, including furniture, marine, architectural, and automotive, and an independent wholesale distributor of pre-finished wall and ceiling panels, particleboard, hardboard siding, roofing products, high pressure laminates, passage doors, building hardware, insulation, and other related products (“Patrick’s Business”).
C.  Employee has been or will be employed in the position of ____________________________.  This Agreement shall be deemed amended to reflect any actual change in the position, duties, or responsibilities of Employee.
D.  Employee has or will become acquainted with the affairs of Patrick, its officers and employees, its services, products, business practices, business relationships, and the needs and requirements of its customers or prospective customers, trade secrets, Intellectual Property, Works, Confidential Information, and other property that is proprietary to Patrick.  This Agreement is entered into to protect each of these interests of Patrick and Patrick’s goodwill, and to prevent unfair competition in the event of the use or disclosure of Confidential Information or trade secrets by Employee.
NOW, THEREFORE, in consideration of Employee’s continued employment by Patrick, acknowledged by the parties as valuable consideration and for other valuable consideration, the parties hereby agree as follows:

 
 

 

1.           Employment and Compensation.  Employee is hereby employed by Patrick, and he shall assist in Patrick’s business by performing the duties, having the responsibilities, and by performing such other services for Patrick as may from time to time be assigned by Patrick to him.  All services performed by Employee for Patrick shall be performed in accordance with Patrick’s instructions relating thereto.  Employee’s job performance shall be subject to regular review and evaluation by Patrick.  Employee’s employment with Patrick shall be on a full-time basis and, while employed by it, he shall not engage, directly or indirectly, in any activity, employment or business venture, whether or not for remuneration, that might reasonably be expected to be detrimental to Patrick, conflict with his commitment and loyalty to Patrick, result in a conflict of interest, or adversely affect the proper performance of his duties.  Patrick shall pay Employee an annualized salary of ______________________________________($XXXXXXXXX).  Employee shall be
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