Nautilus 2004 Annual Report Download - page 79

or the United States District Court for the Western District of Washington, sitting in Seattle, Washington. Both parties waive the right to
change such venue and hereby consent to the jurisdiction of such courts for all potential claims under this Agreement.
16. Acknowledgment . The Employee acknowledges that he/she has read and understands this Agreement, that he has had the opportunity to
consult with an attorney regarding the terms and conditions hereof, and that he/she accepts and signs this Agreement as his/her own free act and
in full and complete understanding of its present and future legal effect.
Employee understands that this offer is contingent upon Employee satisfying the Company
’s standard reference/background check. The
reference/background check varies depending on the position, but may include such items as a reference check, a background check, and/or a
drug test.
IN WITNESS WHEREOF , the parties hereto have executed this Agreement as of the date first written above.
Employer: THE NAUTILUS GROUP, INC.
6
EXHIBIT 10.13
By
Date
Its
/s/ Stephen Eichen 9-23-02
Employee
Date
EMPLOYMENT AGREEMENT
This Agreement between Bow Flex, Inc, a Washington Corporation, hereinafter referred to as employer, and RODNEY W. RICE, hereinafter
referred to as employee, shall be effective as of January 1, 1998.
1. Employment .
Employer employs employee to fill the position of VICE PRESIDENT OF FINANCE/CHIEF FINANCIAL OFFICER, and employee accepts
such employment with employer, subject to the terms and conditions of this agreement.
2. Terms of Employment .
The initial term of employment under this Agreement shall commence on the effective date and shall end one year from the effective date.
However, this agreement shall be automatically renewed for additional one-year terms unless, not less than ninety (90) days prior to the end of
the initial term or of any such renewal term, employer delivers to employee a written notice of employer’s President confirming that this
Agreement will not be continued beyond the applicable term. Except for cause, such as a breach by employee of employee’s duties under this
Agreement, Employer may only terminate employee’s term of employment at the end of the initial term or any renewal term, and only upon
written notice delivered not less than ninety (90) days prior to the end of the applicable term.
3. Employee’s Duties
Employee shall serve employer faithfully and to the best of employee’s ability under the direction of employer’s President. During any term of
this Agreement, employee will devote his full business and professional time, energy and skill to employment and shall pursue no other
business or employment activities which employer may deem to interfere with or detract from the performance of employee’s duties under this
Agreement. Employee shall perform such services and act in such executive capacities as employer’s President shall direct. Employee shall
disclose to employer any business ideas related to the employer’s present or planned business activities, such as ideas for new products or
marketing strategies, whether or not patentable, which shall come to employee’
s attention during any term of this Agreement, and all such ideas
or new products and strategies shall be and forever remain the exclusive property of employer. Employee shall execute such documents, if any,
as reasonably necessary, in the opinion of employer’s President, to convey to employer exclusive right to such ideas, products or strategies,
even if employer’s President asks employee to execute such documents after termination of employment.
4. Compensation .
Employee’s salary shall be Ninety Thousand Dollars ($90,000.00) per year. At the discretion of employer’s Board of Directors, employee’s
salary may be increased, but not decreased, during