Free Response to Motion - District Court of Colorado - Colorado

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 1 of 20

EXHIBIT K

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 2 of 20

""',

EMPLOYMNT AGREEME
establi 1Js Agreement (the II Agreement") HeaaidJs4ortgage,ç?mpanyand\or Hearland Home shig.;

S\

~.ry

an employment relatioiihip is betwee
Fiice, Inc. (hereiner collecvely

~=~ri..;~r:J'"t~i;io~'~rLi, ~t\~o~(.~~ . (the
states 8SfUtly disclosedoi1RiderA attåchethëreto and maita a

~iæAS, Hearlandisalic~nsed residential mortgage origiaton company in varous corprae offce at 1401

Bradig Lae, Suite 300,I)owners Grove, IL 60515 (the "Home Offce"); and
the VlEREAS, it is the intention of

pares th the Employee istoperonn all serces
listed

related, t~;thìs Agreement wor1cg out'of .theHeahmd offce designed on Rider B atthed
on Rider B
hereto;atcl ii~y onlyongirtate.:residentialmoJ,gage loan in those states

attchc~(rñ.~retoj and .
~EREAS,Employeeiias experience andknowledge in

the origiaton of of residential mortgages and

residential once

mortga:gesor desires. togá.In.expenence inthe origiation

einployedwilLbe responsible for assisting Hearland in origitig residential mortgage loan;

and

Hearland refered

\VREAS, Hearland seeks to retain the Employee for the purose of assistig residential mortgage loan (hereinafer the origination of in thepedonnance of
to as "Loans"); and

".~'

WHREAS, Employee is willng to make its servces available to Hearland for the
purose of assisting Hearland in the origination of residential mortgage loan;
the mutu NOW, THEREFORE, in consideration of

covenants, herein contaied, the

suffciency of which is acknowledged, it is agreed as follows:

L EMPLOYME;NT AND ACCEPTANCE OFEMPI.ÐYMNT: Hearland hereby
employs the Employee and the Employeeheniby accepts employment upon

the terms ard

conditior1s hereinafter set fort,

2~ AT WILL EMPLOYMENT: Subject to applicable law in the state or sUites in which
thsA~ement wil he :p erfonn

ed, Employee understaids and agieesthat Employee=s
any tie for any reason

employieiitbyEmployershaU be at alltimesAat wìii~employment. Employerreerves the
right totenninate Employee=s eiIployinent with Employer at whatso;ever; with . with or without cause. Likewise,

Employee may resign Employee:is employment

Êniployer at any time for any reason,
3, REPRESENTATIONS

AND WARIES OF EMPLOYEE: (a). (i) Employee

represe.ntsthat he willpedormhis dutiespursuant.toths Agreement asgovemed bY~ apP.li.'.cabl.e
stae and federal law and wil assist only Hearland in the perormànce of mortgage loan . '/
"~'.

!nt. L.
i

DEF 11685

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 3 of 20

..~

. .n:'iitivitL((s.(iilEmployee represents~t Employee sha have no authonty to bind
. ;payme~t of any money

._/

or the¡joIng otany.act.orth~, or. incur any debt,
or maybec()me, lile wtthout fi
the

tyor expense ft¡r,rviiich Employer is

.. .enconsent of Employel';;hi th~ aQs~~eofEínployer=$ prior wrtt consent,
,. ..tiøn, liability .?r.expe~eincUledhY Emgloyee shl ... ... dEmpl~yer shall have he

sole reonsibilty of

no liabtJty for or óbligationto Employee regadig such

. ,;'tioli, liability or expense.
::1'heEmPloyee acknowledges thathehasbeen inonned that the Employer strctly
. .oIt,citåtion of

any cu.stomers wb.ose1oan aeplicatons, were pending at the tie of the
any these . loan from the

.ò;ft~e' Employee from,anypreviouse,,nploymett, either as 'contrctor,. fdr tliepuiose of switching

employee or

previous employe to r. 'Phe Employee repreSe,nts that hesliall not solicit ~ycustomer whose loan either as any employment ottênråtonófanyp.i-eviOus ;Vl~l\e peiiding atthe,tiTl!' inQependent cònt(åètor, for tlepWpóseofswtchigth.~eloan frm the previous taken any wrtten ..tßeßmployer. The. Employeefuherrepresertts thathe has not
... .çoinputer disks whicharetheprop.ertyof any arYSH .ritten records or computèrdiskS to: ,solicit any loan

previous. employer and. sha not use
applicants nor

shall he use any

inat~Ïiaim~:ilbjéct to'applicable coPYrght protection for any purose related to his employment by
the Bmp:lpyer.
the date of

.(çr The.

Employee represents that as of

ths Agreement the Employee is not

boundb~'(i)ary contractual obligation toa previous Employer that would restrct the Employee
. frôïncmt~ring into this Agreement or in MY way competig with a previous employer; (ii) or any
.""./

other.coptractual agreement relating to any full or par tIie employment.
(~). The Employee represents willh~:~~cJusive, and the E,niplgyee shall not have peroOjlapy residential mortgage origination activities

and warents that his employment with Healand is and full or par tie employment; or (ü) other (i)
for any other company licened

puruat

to appli9~Jjlestate law or any ot1er entity exempt froiulicensure and/or any other entity tht is has not become so licened. re,Ûiea~o become licensedunderapplièablestatelaw but
from ,(e). The Employee agrees to safeguard and kee secet

other Healand employees

his computer passwords and user name, designated Hearland Inormtion Technology personnel
eXçept~\ .

.(1). In regard to any applicable state licensing requiements to which the Employee is
subj.eçt~Gi) the Employee wil advise Healaid (in wrtig with 10 days) when he is licensed or

when liislicense status changes or if a license is denied or if a license is revoked; (ii) the Emplo"~ will ,ådvise the licensing authority (in writing. with 10 days with a copy to Hearland)
wnennê':èhanges Emplòyment to Hearland or from Hearland to another employer. /JI

Int -T L
2

,.,

DEF 11686

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 4 of 20

.The.E.........m..p.l.o......y.;e..:... e. .fu.: '.e.. r. repr. .e..s..,e.n....ts... t..o. H.. ....... .0. ar.... .1a..... .'~. th. . at. h.C3 UId.er. ...ta..:. d. th.. . .. it istA.e

.~.,.~",../

Empl ..
good.:

.. pnsibi:itytó obtainappU.¿ahle licenes.

and tokeqsÌlc1îlic~es ourent and in

di.c1lp.fulñll any applicable$tatecontiuig: education... re. '1rents, The
.imowle~geSthathe:;slitnotbedepeiidig on " .orreqtiireinent as

ËinP'

Heal.d in regar to any

inö:na ..
4.

to the Eniployee=s liceres. .
SUbject to law in

TERM OF.AuFÆEMENT: .

applicable

the jursdction inwhich ths
twelve (12)

con~t\\Hlheperformed, twsAgreementshalll"eìai in..effectfor a perod of iion~~(;11 ,.thed4te of ths Agreement, unless terateå in acordace with. the

teron

pr0visi~ii:hereinaftersètfort. .lfIl()t teI'ed with

such twelve (12)monthperøc ths Agtel~rshsJI renewÎor add.tiortalpeI'öds of 30 daysuress ìermted.in acrdce with the
tèijí1anån ¡:roVisionshereinaftèr set fort.
$.. .. TERMINA nON: (a) This Agreement may betenated:
(41 by mutual wrtten agreement of

the pares;

(ìi)by either par without cause.upguwrtten notice;

ths
.(H.i) by the Employer immediately with cause, upon a materal brech of any term of

Agreement;
of (Iv) by the Employerimmediately upon the disquaifcation residèritia;lmortgagesin arý state inwhIchEinployee is allowed'to origite

the Employee to origite
as

listed on Rider B

attchèdhereto;
if (v) by the Employer immediately the law; submittyp or the Employee has commtted an act in

violation of

has knowinglysi:ibmittedJalseinoriation ona loan application; or knowigly
an appraisal with knowledge that it falsely describes the documentation in regard to a mortgage loan

proper or its value; or has to the
has breached the
or

submitt~falsé or misleading underWting Employetor aiiinvestor to whom the EinIlloyer origiat~mortg~geioan; or terrof;,~is Agreerrent;or hasviòlatedtheEinployer=s policic~sand proceur; origií1atédaloar in'a stàtenotallowedto the a:deterinedby the Employer, in its sole

has

discretion; .

EinPlóyee (is listed on..Rider B Rtthed herto); all

(ví)immediately upon the Employee=s deat;
(vii) by the Employer in the event that the Employee has a pepanent disabilty that the job even with
makes it impossible for the Employee to perform the essential fuctions of

reasonRÐle accomodation.

hit.

3
~Ãl"',\

DEF 11687

Case 1:03-cv-02485-MSK-PAC

Document 345-47

li.

tJpbn sucltte .. .titi()nlleariân~';'Sh~ii'cqRtiueitoprocessaUinortgRge loan appli~ations. taen
. ..lhyêe,för Hèsrland.,tlou~'tle dat~ofsucl1 tefl1nafon. . ..

..

Filed 02/16/2006

Page 5 of 20

._.

of
t)n. a terrinâttoÌlmthqlitcausel,á,Y løan;t1t:f)dSwithin 15 däys of the dae tron shaUear:the.. ..n. ..yeeaftllc0missionc ~'setfortherei Af

~.' , _ ':, :', _ ",_ ,:':' ""' " '__ ",::":, ." , ".,", ".- ~':':' _: . _: :: .: _::"-:--: _' .__-.: _, _ ,:: , ; _;. __-. ' :'.' _ ': , _" , '_. _ -- ,. d ' ,

such 15

li:~.~4~;)~i~5~:l:æ~Y
.,sølì¡;its the samecustom!trfor tin~)\lQânforanew employer of

,~ppHØ~ti()n.t¡ienønb~iwfo*ha:l3mPloyerpriorto tèrniinø.tion in the event that the Employe.

,- - .

. . o'

licable4aw" in"the.' . ," ,.. ....

:e.. nlofatenni;ortwithncausedue to

frud

in

the

....' ... ... ...............,......................-. ...-- '.. ....... ........ ...... ... . -, '

,iJ:~~it¡t;~,' .

.. ,. ,,' --':", - '- . :

.6.i~~L9yEE""Si?l,1ES: .Th,e,~~~l()yee agreestoaclÎvelyen~e on afulltie
b~isi.. . .a.tion;ofhiortgag~:loa.s.t~tn~:generaLpublicaidtoassist.inthe procesmgóf

. ,.., "" ;' .
by the

il'topriatonof c1Ientmonies ..theEmployeeshaU be

'Qionthe,date of suchtennonwithcaus.

e~I1' . .;'op ,h~.pöglnates. TbeEn;ployee fu~ragree toinaita curtrecords of

ilíÏàp .0ns,incol1pliance with,applicaol~sÜltêand;federHaw; .toniaitaloannles in
EmpltiYer, to föllow all cómp ... ,¥ithlhepol¡:çiesandprocedûies~et fort reputaon of dfthé l1ployer,and at;alI times, to llph~ld the $oodname and additiontIe Employeeshall pursuantto the policies and procedures of

policies and

pr~ceûset foi:hbythe En;iiloyer,rlouøimale anyrepresen~tiohS or comntnents on bèhalf
the Employer. In
the Empioyer:

a. Arrange and/or attend closing

of said Loans; and
eah Loan

b. Collect alImonies due and,owingtoHealand as a result of

transaction.
c. Täkeall Loan applicationsjin the name.ofHearland and on

beha of

Hearland.
. d. RemainèUrrent.inias~~sr,lating to mortgageorigil1ations and investor rea:uirements and to comp_i~ witha~1åpEiiç~le;~te licensùigreq~enents and contiuig
ed .ti... iremems .. mO::i; ::.id,.Lc;/) 1U w·u't"" ....., ..NH.t;.....'"''..M.d__ ,Ucapllreq . U . 01 ..... .' ",-------~ Hb' ~~~~~. .. -- - - r -- - e. Comply with. aU policies. and procedures of verification of hours

- - .

worked and preiapproted overe hours.
!

. .

the Employer which relate to the

l4

DEF 11688

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 6 of 20

Ageement. '
8.,'.........C.OMP.....:.'ENS. A TI. O.....N TO Enplox~jnaccordance ~ith Sch.eduleA attached hento andÙ1coipra~ed by advé' êrits.in newspapëfS,'ßag~iI1e.a, Qtlerp,~ri'o4cals, täo been.

PAR.., TIE. S., : Hear. 1. al. d... .agree. ... to. .. make payt. en... ts, toth....e ..

referce into ths

.~; ADVE,~TIs.ING:AnY advertsing. by Employee ~hÆ1 be pre-appro!edby Healand
priortoÎ'tS tise. A.dvertising;,i;~al1b~deeßleâ to. inc1ude,~,n,tsliallnot be lite to,
8pQts,

inaiIîgpiec, business

~; ~:~~~~~d;i1~~~ttûJli~t:;.;Iso
ljceirs',q~iteInepts, .To lleextehlany"pre-~l~r?y.ed adve~ni~.piece is;~ted individual1y
tô'the. loyee, suqli;Employee's1i,aUberesp~asbIeforalcosts"~dçhages .assoiatêd with

suc.li"""..,,;. d~síiig,aídsñal1. ât;th~ tin:egf a rea~elt for app.roval démonsc.to Healand that
such adVêrsing has

paid in full. . ¡

Agreementw1tha Borrower,

t'.ø. .... ~~LIVER Y OFI10CUMNT A TI~N: E~iil~yeeagreëthatup~n erte?g ~to a (i.e. a CUstonier Agreement)'theEmployee shal unediately inorm
supply Hearland with ~ copy. . Employee fueragree thatall
said fie~ in such offce and

Helliatê.:in",ritiiíg and

. përtiñeñtjÔätø.fõr'eiiøhtoanfliesiiall bei:elive~edto theoffc.e. ofHearaad out of Empioyêe~worksin atimely m.aner. Heårlan~shall maitain

which the such

files shallhe made ay'äilaple for review by Employee durg norial business hour.

l2.CONFIDENTIAITY, NON~SOLICIT ATION .A RESTRCTIV
COVENANTS.

!ni rrL
5

DEF 11689

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 7 of 20

CQ~iDENTLATr. (A)'A\S'.uS~heltinthetci~d1eQnfd~tialW°rioncw
""...,

:.:.ôaUuon-ptlblic. in~oriatiön.inc~udig)butrtotl;~Hoot0¥1.datlL

.._/

saes of ctsand .servges'ofH~fUland,and.thecUIel1t,stQf:fleaiand'srela.0nship
l~pr.;anacondi~qns (inclndìg ~ric.eslofsalesæid,()ffer of

ø~,~~,,;'~;.t~~.:ai~i::;i~
eF, m9rtg~gebanker Qr;nv~ãtor; (ii)the ter,.conditio~ fUdcuentsta of

"~~:~~~o~:;r~;0~9:i#~~1:~;:W~~~
land CPinuni'cat~s;(v).thetres~~tSni~et,."?iikettechlclues,sldll, idea and

gi~èn:entsaniLreiationshipwith~custQm!"aiOrtS~geban~orinvesor of

... ... .pøss~ssed.Øey:lopëci. accurPlatf.~ragqlUe("~'H~å'dr~~)anY
~O~SllehYeen ..lleärlandits òfñce~, .di~ctorS,S~Qbier9r.~niplPYee, and any

;L~br'I-~~lll~JoraJYp'~Qse .~. rÆnypetSpn.rêta~~Qr'ei~loyedby such ...d~dpürpose.() ~sîstingsucn:atbnfy inlUsòr lìerrepresen~tionotHealand; (vii)

tioiy~yentu.Jle~land ~ri~oUected ~Yl,~~ianØ:~~t~isPt~t~tedbythe. Gry Achnciüding but

not limited tO~.PFlvate .fiancialinornation of Healad=s

morl' stomers given to Hearland; (viii) y inénnon ill regard to those companes or
entiti ch supply internet leads to Hearlan or any contàt with such companes by the

Emplo , and (ix) any other maner or thng. hether or not recràed on any medum, (a) by which ßeiiland derives actual or potential ectinomic value from such mater or thg being not
generally known to other persons or entities wh might obta economic value from its
clsclosUJe or iise, or (0) which gives Hearland,an opportty to obta an advantage over its CÖfi¡fèÛtotswhodo notknow or use thesare; ¡ !
! .:(B)Einployeltacknowledges and agrees I that Hearland is engaged in a highy

competitive

?Usintssiandhas.exp~~ded, or. ~ilexpend. sigiQpant sums of. mo~ey, and.ha invested. or will
iivest:a;sl.bstantial amount .of hme tg,."Øevelop and use, and maitathesecrecy of the
obta a. valuale economic asset
. ConfideniialInJonnation. Hearland has thus o*ained. or will

~hicll,hàs:enabl~d,or wil enable, . it todevel,op lanextensive reputation ~d toeståblish long-

=~ .tS~~=;o;:~s~::i;~;:t~:~i:~::.:r;e..=Sed
WQulâsH..Cr irrè¡atablehar,.lössanddanagd. Accôtdügiy, Employéeacknowledges and
agl~s' thålunless the

ongi'¡l.Qt dinvoivinganact or olJisl:iou U y J;1Ut~V yo,':.

..

Confidential .Ip,föimation~eöoinesPub1iciyknown though legitiate

DEF 11690

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 8 of 20

. ;(jii) ijI~sslIearlan~ gicves Enaployeepriorexpress wrttripeHmSsion, durg hi
ai~'tl~~~atler;~nipiøYee:'Shalll"0tusefor ms own~.enëñt oHlivulge to any
.,:i:...

,o~custoiper..pr ary other .p'erOll'ñt,..torporation.or other entity,åiyof the

IíomiåtIonw~ichEnip'loyeecmiiyóbtan~ieatltahut, qevelopor be entr with

ofGmployöe's.eniploynent oyHëarland;. anl!
d~mplo.....y....e...e. 1l.IS...o,.'ap.kn............o.w. l.edges.an........ da. gr......ee. " . th.lal. doc. ur... . ~.' .. ta.. ... . ... .8n. .... d ta. gI.'b. Ie

Cont EriptÕ
Einplo

,;mfpnnatio£iincl~ding; with?~t limtatiaiï,sucbConfdentia1 In9imation as
lÏasociinitted tome.ino¡; wh;ch:is suppli~or m:e availale

'..'.-.......'..'... ............. '.., ..... ........ ..... .................. ......... ........ ........ . .....,.

by Høaand to

the

s..o".l.......e.......l..y.:.toas...s... i..s. tbim..... ..io.... pc. J¡OJ1..... '....,g..his s. e.lV.' c.. .e..... s.u. ,n ...d. ..eI.. thsA. ... gree,..... .. entis inclu. ded in the

dennt
Heard

.fë~nfideiitiiillntbltation.. Eniployeë. fuer agree tht afer his. employment with
,terminates"foråny reasn:

. .'. , (i Ei1Ployeeslíå11not rtmpve ftol1FIëårllÚdproper,æid sha Iìedately
retu... ...t. o.;........'...H.. .. ,'êat,..land.,.a;,dll .docum. en. làt..or t.:an......,.gi...hle C..o.... :fÚ.,... ...:....p...'..~... ti.å1. .. ...In..... ' o.im. .......áti. . on in.. hi pos...ses.. .sion,

custody;ør.'coutrol anônot make or keeI5':ary'çopies,'iotes, abstts, suares, tapes or other
record

QtÜUìytyPëof Confidëntialinotnatipn;cand.

other Healand
(ii) Employee shaU:iml1e9iatëlyretuto Realandany and. all propeitdin ;hispossession,

securty 'èårdS,passes, credit cards, andmarketing lieratue.
. i2~2 NON-SOLIC¡T ATION. (A) Employee agrees tht he wil not, prior to the expirtion
of two

. .

custody or ç~lltrotincludig, without lltation, any

and all keys,

(2)yearsfoHowil1g the termination ofEmployee'semploymentfor anyreasol1; without the
directly ,or indirectly, or by action in concert with

other, induce

consenf'ø£Hearlanâin wrting, or influenae, or seek to induce or infuence, any

person whoIs engaged byH~Iand as an
indirectly employ or engage or solicit for
or recommend to anY other person or entity that such

e1Ïploy~;.: agent, independent contractor orotheiwise, to termate hisler/its êiployment or
engagem~nt, nor shall Employee directly or

emplci)'tut or eIigagementor advise.

any peron or entity

Ptrs()Il~Of..~ntityemploy' or engage or solicit tor employment or engagement

enployëd or.~ngaged by Hearland.
period 1~.3 R.S'lCTIVE COVENAN. Di.p.g tie of Employee's.

employment by

Hearland. and for aperioq of one (1) year afer such einpInyment teris for any ren

whator,El1Plqyeeshaii not, either Qireetly orinciecÛy, on ÎÙuwu~uu~ vi ¿"..w
empi cOIlsaltant, fi,pä.ership, corporation or parer, jointventu~r. owner,. diiëctor or stockholder other entitY or in

of any other person,

any other capacity, in any way:

(a) Con4uct,.engage in or aid or assist anyone in.the conduct ofa business which is
comp.etiayewith any portion of

the Hearlahd=s hustiss with a twenty five (25) mile raus of

any ßeárUánd offce where Employee worked;

7
__.u,.""

4L
DRF 11691

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 9 of 20

tQ~:Solicit, divart, take. away or a9cept ord~r~ from or a~empt to solicit;, diver tae away

oraccepÐ:oriders from any person,. firm,parership, ~.Clrporatìon,.orothereitity for whom
",,,?
HeaIl.. . as p.er(ormed any serces or witl whQni Heartland. has a vendor

relationship with

the imiätely precedhig'twelve (12)monthper041 .
Employee (c) Without limiting the prohibitio~ setfort!hereip at 12.3(b), the from cODy:cting or soliciting or of having behalf gt':~ynew employer

. .

is prohibite

anY busiI~s.telâfoJJi:hip .0n.hiownoeJwfor on
with any companywhidl provid.ed inteet.I~.to.H~land durg

tbepero~of the Employee=s employment TheEirployëe,recgrs'tbtlleartlaidha

irv~s~"¡aige amounts of time; effort ana' money'inlobtag suçhinterët lea'COiipanies as

are used;öy Hearland and the Employee r~ognizesltev¡ïl:ueofsuh vendoiStoHeaand.
i~A REMEDIES. Employee acknowlçdges'and,agreesthattb~businessoflIearland is for in Paragphs .12.1, provided y,io latipn of ~y of: the .covenants
this

..,' ._. . _ J
'such-proceedings..

higly:cøìnpetitiveand that 12.2. ... 2.3 . of

Agreeinent would cause iIl~ated'. .. ..... ...asijleand irep.~le har,

ioss,an~ge to Hearland not adequ~tely.col1pensable. ...:álloneta a~~d; Accrdgly Eniplo .....,. .greès without limiting anyoftl.~other reieçes.avallable~o ..' flearlaid:th any vioiati~~.;?fsaid covenants or anyofthetll, maybe~njoÌ1e4()rreciby anycourof coinpetentj urisdiction, and that any t~mporar.restrg .otderoren,ergeicy prelîor fIaIinjUlctions may be issued by any Cour of coripetentjursdiction without notice and event any proceedingsarecomienced by Hearland ag~tEmploy for any without bond. Tn the said covenants: EtnployeeshaU be liable to Healand for, actialorJhreatened violation of any of and shallpay to Hearland, all costs and expensespfany kid, ircludig reasnale atorneys=
fees;whi:ch Hearland may incur in connection with

~--/
12.5 ENFORCEMENT. It isthedesireofthe pares th th~ provisions of 12.l, 12.2 policies and 12.3 be enforced to the fullesfextent permssible undei the laws each jurisdiction in which enforcement ip may be

Pargrhs
and public

sought. Accordigly wi1:out litig

the gener applicabi1ty of Section 22(h) hereofif anyparciilarporton ofPanhs 12.1, 12.2
or ii)siiall be adjudicated as invalidorunon.orc,eåbleoriftheapplication thereofto any orcirêurrstance shall be adjudicated to be suchliia,graphs shall prohibitecby

par
said

orinvaliØ und,er such applicable law,
such porton so a4judicate

be deomed amended todêlete therefr()m

deletjö"n.toapply only with respectto the operation ofsâidPargrhs 12.1, 12.2 or 12.3 in the

parculárjurisdiction so adjudicating on thepar~s änd,underthe circumtaces as to which
adj.udig~tec and such Paragraphs shaH oniyoe aJenãec iop.arow ÛU;;Ul IV ill;ll~W.U "..~.:u~.
requiøãJU'd the paries wil whIëhgi:Ve the maximum be deemed to have scope permitted under

substituted for such porton so deleted words applicable la:w to Pargraphs 12.1, 12.2 and

12.3.

4
8

/

Oli,F 11 ~q,.

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 10 of 20

w~,

~_/

13J,.RETtOFRECORDSA..PROPER.TY ANUSE OF INERNT
. ':.:t.¡PGii tel1ationof ths Agreei~n~lìllPloyeshall imediately deliver al ~'. data, memoråda,and anyeq~pmentörllY natthatare in Employee's .
.or~nder Expployee!sCOI1trolandthatareHeähmd'spropertor relate to Healand's urcr.El1J?layec; upontennnanon,sha1notaccess any computer network or

.'.. .-' -' ..'--' ,-.. .._' -.- _.. .... - .. - ., . ..' _....- .

ntern~tsfte"i.sing)prêviClUsiy..authoriZèdpasswords. .. , : ,: '- . . . '. . . ._.... . - .... _.l'!4;;1~ØÖKS AND.RECORDS: Allrecords in regard to

tiesr~~~,the'excllisive .propertofHealland.

i....'..'.~..'.......¡ BENEFIT.. S;E. m,. p.lo, yee....s..h.a.l.h.be. eligi,. 'hle for.a1...lb. en. efitsa1lowedg.eneral .ly. to
employeps of Heartlandbasy# upoirthe requirements for ofDireCt~rsof Hearland' or such benefits as dited by

,. . . . ." _..
the vendor supplyig such rules, policies, proceduresando:rders Employer related

.... - . .
benefits.

the Loaa Applicatons sha at al

the Board

16. LAPTOP COMPUTER.; SOFTWAR:
fa) In the 'event that ......" underta~s and agrees that such computer,together with Employ~tanduprovided to Employee, shall at EliplÓyerand shall be used only in connection with accordaiceWith any and all

Employer provides a laptop computtr to Employee, Employee
any software owned by or licened to
all ties be and remai the

exclusive proper of
may from tie to

the conduct ofEmployer=s business and in

tie,áã6ptor give. .
(9) andlor.~fìare and copiesirèreof, sha1lbelllediately retued to

Upon tennination ofEllployee=s employtent with Employer, any laptop computer

documentation owredby orlIcensed to EIlPloyer, includig any
Eml?loyer. Employee fuer agrees th upon

.coiiPéoi1.ôue or

tefu ofEmployee'7s employment with.bIlpioyer, ~mpioyer iliiywiúû0iû wiy wiu .w Employee fromEmployeri.til aiy'laptopcomputer, to become due
owned by orlIcensed to

söft ., ..:dlorr~iated documentation

Employer, includig any copies

thereof,are retumedto Employer.
(ç). In the

the .EQlPl0yer, the Empl.oyer. shal hIWe no responsibilty to safeg suh ile an 4.ll noi.

responsible if such itèmsare damaged or stolen. . .

. Int .
9

event that Employee brigs laptop computers or softar on to the premses of

DEF 11693

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 11 of 20

:i,1i;aMPt,YER\VBiSITE,
... s .eripïo~ent w:ît~ein
sc()rpdratewebsit~ .RR

em,'Eíiploy~e=$\Ìs,:e", .... . ........ ....i. ... ..... Em . la.t å11 timesbeandr m.ain suoj.ect to

,y~~~p,;oriiflf9vl1.~llpíoyer rees

'EinJ'l~yeesh, 'd~lJyandlùiiycq~

=;~p~;~.;tl:
, ,

t'ni~altlt~mploye,in its. sole

ié*6~£t

r1Isl~~ingìn'anyway. Etnployee

ahdo wnich;'Emplgy.. may .£romtinie to tie,
wêbsite'ajclor'use of Einp!oyer=s..e-maik$ystêi.

,.aiØldaU rues'P9~cies,PJ:ce 'ptorgìvere~gRtnployer=s corpra

l? INSURANCE. ,"'c..re

Employee agre~s that durg the term ofEmployee=s employient
on any

withEi#~loYér, Employee will mainta in effect Eniploy~e in the conQnctofEmployer=s businessa'minum of$300,OOO.OO in

and all mot(jr vehicles used .by combined
a.t.

single-lipiit bodily inj Ürylpropertyd¡iageliabilty ipurce; EllployeeJurteragrs to defend,
E. ..m. p..loyer for
in... .d.. .c. nîi.'.. ...'..........f...Y.. ..'... an... d.. ,..h.O.ld'Em..:.ployer h~less..fr()..Ín an. d.agai... t....an.. . y...an. . .. d..,..ål.....'.l. . .c..lai. d : . ,.a. g.. .

iiijties.Ör da.ages''Ca,!se~h.'or. ,~Ufg~.toha~e..beenc~~ed,:byEmployee. whie ôperatig..any mato. .'cleinthecöuts.~ai1d.'scope(),f Employee='sel1PloymentWith Employer. Furer,
.. . shall riotifiEl1Ployer\Vithitf24houisofanymotorvehi~~accigêit whlch ocur in
andscope'of lìmployee.is,e'mpldymentwithEmploýet wbichcouldresult ina clai

e Employee.

. R13S0LUTIONÓFDISPUTE~... AnXdisPPte, chiimorconnoversgy.or betee
... d/or. Employer. arsing

. . .

out oforrelatig'tcrthsA.greiment, includIg,putnot lited
by

püte, claim or controversy regard.ing.aÏycònipetlafoiiaUegêdto hei'duèEmployee
the Amercan Aritron
of any Agreement, shallbe subnittetl'to aIDitntioa.;;administered

n(AAtN) in Chicago;,.nlirtois under 'its Co1i~ial Afbitration.Rules.
tanding anyting contained herein tothe contrar, in the event

aleged breah by

Int~

10
/(

DEF 11694

Case 1:03-cv-02485-MSK-PAC

. ..
y~rínêú~s~;l)yjtin'fly manerarslng frrn any asserton

Document 345-47

Filed 02/16/2006

Page 12 of 20

. .."'ltbeprovisiøi: of,PåÌagraph12.1 .~AQd,øPc¡enti~ anâ'Pr()prietyJiònna.oIJ~) or
...,. 0:

.!,-,;-

r:2:2(Â.on..So1icit ....r&yôr.PaIg;phtZ;3. ,. ..... 'çtìve.covenånt)õr 12;6 '~ofC()ajìct ... ...... .....~gr.êeiÓnt;~pf~~~r J¡:livRtheoP~~ÍìjD.its sole
subm.itting8¡Y 'Ql'~~1la1egì~ breacliofthôs~.p~visi()ii .to1:inäì~!;aritron or,

.filing,suitãgainst Bn:R~oyeein ~y cour;or compøtentj\isdictioIÍ, ." LikeWse the Section rbitfa,tiol' shallnötappIylo.reinøcies avIDlable.. totle.EnployerpUliit to

:

:2tfN~MNIICJ\TION:The Employee hereby indellnifies aId~veshaesthe
it$uJls'igns(imØ's~ccessors, agailist. ~yancrallloss,. cost,damllg~, expse (includig,
tle fc¡regqÌ1g, reasoiiablcattomey=sfees,. court cost and other

expenes ), aid
agai the Employer

plo~er"()tltle:En:ploye~.

theEI1pl()yefiSLpi;illanlyresponsiblefor any liability thatniayare due to. any
~iQns' oftheJ3,njp~dyeêd~. ..' ng \Vthi the scop~ ofbisas~i~taceto the Employer in

~c~ofitsd:èg ":~åGt'. ..ies, the Employee~esthatth~EinHloyee win ..d',holdh.. .. ,. ti~. Employerfortheconsea1lenp~f()r cer 'actionsby the ç:hare.~vi()lationoflaw,amountto. fruCl oruii~reresentationorsimi1ar actions
mpose',legiilliabHìty Ql' the Employer. Witboutlinitigthe foregoing, such acons of the 'tioashallinclude any 1~galliabiliYiip()sed:ø.nthe EmployerIor the Etn ........,.. in originating or att~mpting t~qrlGina*a mortgage in ajursdìctionin which the the applicable state. by the licensure statute of or is pröhibitedbythis Agreement Empl yee
... ......~lleEmploveeacknowled.~esror jnforinatioÍlarp.uJ1()~~sthllt in the

event thè
such fraudulent or

EDltilôv~è'lladicipates:jh'iiinv:f~alfdÚlent ,actiYitv.,thätie~alli~~ilitv. for iÛe2;åï"lfê~iyitVß1av..Ïi()ebe disctiåtèablepursnant to

Federal.Ballkruptcv protection laws.

22. MISCELLANOUS PROVISIONS:._- Amendment. Neither th Agreement nor . ...- .-. ,.'. --' -. (a) . .. .
aiY tem-i:hereofrna:y be amended, waived signcit~:~0tQe par against which or dischargedôtany, but only enforcement of

by intrent in wrtig

the amendment, waiver or dischae is. sought

(i).HeådIi'1gs. The headings inthIs Agreement .are for convenience or referece only

and

sha1l11öt.(ièflÍie. or Ümit the' provisiöns hereof.

~~lA.pplicabl~ Law .

This Agreement shall.be constred in aCcordace with and

govemea~bytheIaws()fthe state inwhIcli:the designatedoffce as set fort on Rider B atthed
hereto is'located.

wbi,il constitute an original, but aU of which inethersh cotitule but one m.í
In
11

(~YCoiinteIJars. This Agreetnentmayb~executedin several counterpar,each of

./

DEF 11695

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 13 of 20

.. Jurisdi~tiÔtlQ(Courts. Anyjudicialproceegsbetween the

pares

under t1

Agreëm......... ... shß.llbe.brougiit in the state:,in whicht)e desighted.offce asset fort on Rider B

-,,/

atthed::~eret():is locåted.. .
,~, .laiiesÌÍl'Int7rest.. All of

the tel1s,covenantsãndconditions her conta~ sha

inuie toJlíehenéfitof.än.clhe birding upon thep'aresh~t~to,their heir,suc.essors &pd. assign.
,() Notièes.. Noticesundêr this agreeme~t shallb~in wrtygai be pernally delivere

..ertifiedor r~gist~re.mail, returecipt requesle(tp..theparesattheiaddrses
toworat'such.a.dressasaesignedirWrtig.to alLp.uuat to ths.pargrh. In . aEthe EmployeechangesI1saddresshe sha1n()tifythe Emloyer purt to the

. .fthis pa.a~ph.
.S.everahili~.Wheneverpo~sible: eachprovísiRnof this Agreement effective !~.:tes....... irï.suçhinainer as to be uu . ent,:ar:anyp()rtionofaiy~rovisionofthsAS,ee~t, is. fOl1c1to shall

be

'and vaüc1i.derapplicàJlelaw. Ifanyprovisionof
be

unawft or

inval.Jhei-Îseunenforceable, ,auch .provision 'orp()rtonther~fsliall beineflective only to
the.exent.'ôf Sl;chprohipiton pr invalIc1ity,

and. the otherpravisians hereof,. anc1the'~g

portou':ôfany such invaftdorunenforce¡:ble provision, shallreiaI in full foroeand effect.
of any term, condìtion or Emplayer waiver, by shall be effectiveforanYPU19sewhatsoever uness such waiver is Employer. Any President or higher) of in wrtirïg:'and. signed by a dulyauthoriztd offcer (a Vice .(~J.Waiver¡ No watver, or alleged of this Agreernent Agreemenhhåll not operate or be constred as

provision.

wiivern~Employerofanybreachof ths

a

waiv~ro(anysubsequent brea.ch.
'r....

.G)Entire Agreement This agreement is intended by the pares hereto as a fial
expressio.rïoftbeir agreementand understanding a COl1.pl~te,and exc1usivestatement ofthetenn thereof

with respectto the subject matter hereof and as
and supersedes

any and allprior and

contttipariiagreemepts. and. understandings. .
. . .~) Section Headin~s The headings of the severalsectio~ of ths Agrement are inered
for co,n,vê'nïçnc;e of reference

and. are.nota.parofandare.nptintended to.gover lit or aid ir

the c()6Bttcfion of any tenn orp¡'ovisionthereof. .
.-.. _: . .. _ __.. . . .1 'l! _ ~-t_ _11 ~___1__.i_ ",,-_ .£-.--:_:_.. .._ _......+.- ..-..
tl)L.OnSLrUCLIUll vy UC;UHvl;v.,.,W.Y., lJi.I, ui.=i"'..uu..'" =0.. u..wu...... ~.. ,L"'~''' ... ~_~",,L ~~

thesing\hir shall include the.'phiraland .'vice. vera. .

.(m) AssiimeRt (i)ThisAgreement is personal to.the Employee and the Employeesha1
not sell, 'assign or otherwise transfer any of

ths rights änd interest hereunder without the pnor

wrttel1:Cfns~t ofthe.Eniployer. Any attempted asignent hereof

without prior wrtten consent

sha1bo."T,oidand ofno'fotce or effect.

wi ¡!
12

./

DEF 11696

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 14 of 20

. .. . .
(ii)The Emp10yer shallliave the right ... 'l1s1'gthsAgiêe.,..... .

en. ... t..8Id'a1 ofits

obli;gatjqp.hereundertoaIY person,fintor.corpörati 'nto.:whoiii it'seÎ1siOrtTfeæ a

major

,.--./

port'Øti.gfits,d~sets .

wüje. ... ...........) ...m.Ployer may sustain

con;pensltí.i.'.OÎl :for thejnj~suffered by the E.... mployerd.".J1...... Qla$a,pei........ .....ty. ., .0__.,.
10. ê'ë"Äuthonzatìon, . The Efil'lo)'ee'a. thprles tbeEnpl()yer, at Js~r~tion änd~ubjectto a)Jplieaole law, to ,obtaia qmtimeto time.whilethi$ Agrel1entis;.', d · its sole baqkground check on the

. ._. ..., . .
effect.
. IN WITNESS WHEREOF; the paries. have ex cuted ths Agreement

l1iql1idationDaiages; In the eyent th.~:EIl10y~ violates the pro~sions ofSec()n ....r~laijri~, .~..tli~~rivacY?f customer'Íinança1~onnatoiitl~'~mgìoYeèshilpay to .rthe s4Woftenthous~d,($JO,OØQ;oø)fl. .... i.... ....to ßWPloYeT byrenofsuh t.e
by Feasn,ofsucn,tf .~ai¡jsii1i.suni is agr on

.d iJ~g,:imp()sslble, toaseertaiaorestIateth. t~ ... ... .'ore~~t'C($ts, dae;orinjur
as

as of the

dae fit

above wrtten.
;.....

Employer Healan Home Finance; Inc.
Hearlan Mortgage Company

1401 Br dig I.e
Downers Grve, Uliois 60515

.. 1i- ...,.__,:._,.~_.........

.L~p.!~,~,~y.: i.V\..L...... i-""..w-.I..J

n,~l(i()~
- J. ~. ~i5iitvi~~t

~/i1, ß .

NUmb~r;,:

k:\1g\38U9.3\employment4.1o\3 - 25-03\3 -31 ;.03\4- i 4-03\5~5-03

13

DEF 11697

Case 1:03-cv-02485-MSK-PAC

Document 345-47
!j
i I

Filed 02/16/2006

Page 15 of 20

~~er A
'-¡',

-a~/

Licenses ofHeali9 as of~Jun~~2Q03

i i

~()~~;

i i ¡ 1 ; ¡ ¡ ¡

StaLe.llåtng Departent

Firt &Sécorid Mortgage Liçense#
;=. ~e ~ef~....t:.,.1~g~~~.~21

r~er Bnuh. üe # I1j(,09043 I 7 ,.. ;asCi1YLic#.BKBR~10423
St¡Louis,MO Lic,#BKBR-Q 1 04699 A\)ora co Liq.#BKBR-0103907 1 ._. .:_".' -'-'-":"_,.. '.. .. In~ependence~ MOLic # BKBR-0105541

yltnK, MI Lic.~lilBlt"(l 0498.

¡ '. ... . .. '.

Colorado
Ståte'Ot~olorado' ..._,_._,.,.. ,
Depár~iitof Law

MlrtgageLice~~#
DqwnersGrove Lie#098431

M\ddleburg:Lie #098431-001

Ailora, COLic #098431-002 i

Connecticut
stäie, ol"lPónnecticu t
Depar~nt of

FIit Mortgage .

DqwnersGrove :Lie #6881

i. .. ..

License

Barting

ConsUler CredifDivision

i . . ..... ~ M¡p%orough, MA Lic # 1117l

M~ddleburgLic # 10217

SeeondMortgageLicense DqwnerGrve Lie #7108
M~ijdlêburg Lie # 10218

i . . ..

Mijlborough, MA tic # 11172

)ltlaware

Óffce()f'the State Bank Commissioner

Fi$tlSecondMortgage License DO!wers Grove, IL Lic #l43875
H.;hnv..r Mn r;,. Hh1.~R77
,

M*dleburgHts Lic # 14:3876

,Gêôr.a ..
oêPaitüt of

Baning and Finance

FirstiSecondMortgage Lic # 12179

Mortgagtt'Di vision

I!'tlianii:.

State oflndiana
Securties Division

First Mortgage Licene # 7319 Second Mortgage Lic # 95~0094LB

j

DEF 11698

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 16 of 20

FirtlSeèóñdMjoitga.ge Lic # 640
.'..~

e State Ban.. Corrissioner
"tCoIl.umer & Mortgage Lending

F,irsf& Secpp4.Ï\ortgage

D0\V~~ic.#1~~8..3744
St.E."u........'i~..Llc..#1.9$j8~3744~04. .. ., ..., -- _.,--.,'.. .

.,... .. - -.. -"

MìØeâur.d#19~8;;374403 d.., ,.. ..... .,.,...g.. . ........ ........ . .turora"Llc.#.l998,,37440S :.... '",.'.' ._.,'..... - --. -.'.: .

C)\(.. . ..' ;;ttc#t998-37~
......... .....' .... . .eice,Lic# 1998..37441 0

~¡;ent;.0()cim..Lic.#1998~374407 UtgaIPALic#.1998-3744-08 .A:ti; Íl.. GALiö# 1998;;37449
..... .

Keil, ..

D'&år~Pt ofFirianciaI Institutions

Eipst\&Second Mortgage .1025

Lic#734'&739
1\:l!rvh10d
Depårent of Labor, Licensing

and Regulation

First&, SecondMort~ge
powner:Lic # 6691

Hanover:Li~#7842
IndianapolIs #76Ö3
Middleburg# 7602

Massachusetts
Divislôñõf Banks and Loan Agencies

Firt&Seçond; Mortgage

Lic'#,MC1738 . Mîd...dJebl.rLic#MC1886 ......g ..... .... .
Downer

:FairJioi: q~Lic:#MC2188 lfaIover, lMLic#MC2161
".K:1L!.l.;;.' i"' .ini"..r-'in"o

MailpÇ)rcnl.glMA #MC2148
'&''~'&..4:''~,-'._ "' ,.~.___ ___

Mic~i~~~ . 'Ijiirsiô~:øfFinancial Institutions

Firt Mortga.ge.L1c # L-0619

Second. Lie #SR;;0261

r::~~~inesota
Dearent of Commerce

Firt Mortgage
Downers

Lie #MO 20229291

DEF 11699

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 17 of 20

Missoirrl,
,-A.

. .))ivislmrofFinance

..~./

-Rl'lt& Seø()OdM9rtg~ # Ø9-344 St,Lo;ùIs Lie Independence,MO #Øl..344, 1

FirtMortgåge Licene

Dq~er GtoveLië #907-MBB MiddleburgLic#9069-MßB-BCH
Marlborough Lic # 9068-MBB-BCH
N,e~.i\lêxi~o State(9~)'ew Mexico
Rêgli~tiøn and

Firt & Second Mortgage

Licensing Deparent

Downers Lic'# 00994

QIHô.

01Ü9P¥pârtent of Coninterce
DivisiòÏ':'o f Financial Institutions

FiistMortgage
Springdale Lie #MB817 Middleburg Lic#Mß530

Faiborn Lic# Ma909
Wortgton Lie #MB4800

SecQridMortgage
Sprigdae SM7649

FaiornSM7650
MiddleburgSM7645
PeuDsvlv.ania

qonionWealth of Pennsylvania
Jjeparent of

Firt MortgageLic

Banking

Gree Tree Lic # 1517

Grand Rapitk Lic #1517.001
LaingLic # 1517.002

Downers Lic#1517.006 . MiddleburgLic #1517.003

--------- --- .. -- _. - - -

c.~..+i;ti..VlT ;,.Hl.Ç17 ()rïA

soutleIa LIc #1517.005

SecQnd Mortgage Lie GreeiTreeLic #1833

GrandR.ids Lie #1833.001
Ifiig Lic,#1833 .002

D.owners Lic # 1833.006
Middl~burgLic #1833.003

Soutbfield Lie #1833.00 Southfield Lic #1833.005

DEF 11700

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 18 of 20

R:.ode:;isl'Ïnd '

Ståté' .'dç Island
pep, '.. t of

Firt &. SecøndM~rtg~e
..DÓWI. ei,. 'Lic.#20.ØØ.i.l~5 LL
Do.,. :w.'. er......:Lic #2..0. ... 00., 1196 LB

Business Regulation

. ... - .

~:glit?ûrg, QRLic#20Ouii96LB B01
Siii:gQaV¡....OlI'Eic #20011 96LBB62

MaÏibô:ra.giMA Lie #2000 l196LBB03
'EèDDesse,e

Deparent ofFinanc,ial Institutions

Firt &. Seeopd Mortgage DOW1ersGroveLic Lic #0000600300 Breiitwood300

Vi1\~ìiiiâ'

CôÏiÒtiwealth of Virginia

Mortgage MidIDëbi.gMT';R-557
First &. Secnd

St"Lo'U$:t;R,.SS7

.DQwn~GroveML;,557
Hanover,MD l\B;.557

.._.. .

Cherr Hil,NJ'ML-557
Washin~t(m State'o'fW:ahington
Deparent of

ExempHrom licensing

Financial Institutions

WiSèOosin

$tatêø(~isconsin
Da)åiênt. of Financial Institutions

Mortgage BØer
151 & 2nd Mortgages

Lic # 1206

Heartland' Mortgage Company
UIlDois .
Offce Of

Banks and Real Estate

First.& Second Mortgages
Licene # OS14

Date Issued 5/1/03

Expiration 4/30/05

DEF 11701

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 19 of 20

Rider B

~d

Designte Offce

of

Employee and States Where OrgiôonPertt

Designat Offce of

Employee: Southeld 2 - 500 W. Nin Mie lt Stë#500 Southeld, ML 48075

Sta in which Eniloyee may

origiate residential niortgage loan: MI P A, TN, W A

I

Employe Jntialc;i

_;0"./

,./

DEF 11702

Case 1:03-cv-02485-MSK-PAC

Document 345-47

Filed 02/16/2006

Page 20 of 20

Schedule A

,con)ission UpOiituilnE

LoånOffcer Compenaton
, allservlct$rend:~edny tlieEmployee,wider ths Agreement, the Employer shàll pay the
ôfTeidentialand

commercial ficing obtaed for clients
Employee Generted Lead

th~ Employéebased ontheJollowmg commssion schedule:

Hearland Led
35%*

47%*

40%**

52%**

ar8k!eted

30%*

42%*

*% comrrts,sionpaid onapplicablØ fees less ,the *~.:,% commissioIl paid ()n applicable fees

processing . fee

including the processing fee

#;åny Joan in which Hearland äctsas the Lender
Tl'i$' commission. Raid. on . each- loan: shall. payale. on, the that any fuds fit . pay day disbured

followig . the
two or less days

disbureIT.entofthe funds :on said loan, provided, however, . pnorto.saìd payday shall be payable

on the second payday followig disburement.
above

Iraddition to

the

çOmmisstg~s, so that at no time shaH an Employee .

the Employee wil receive asem-monthydrw of$500;OO agait be. paid less than gross wages of $500.00 durg

any twoweekpay period.

nlt.lt 11701