Common use of Execution by All Parties Required to be Binding; Electronically Transmitted Documents Clause in Contracts

Execution by All Parties Required to be Binding; Electronically Transmitted Documents. This Agreement shall not be construed to be an offer and shall have no force and effect until this Agreement is fully executed by all parties hereto. If a copy or counterpart of this Agreement is originally executed and such copy or counterpart is thereafter transmitted electronically by facsimile or similar device, such facsimile document shall for all purposes be treated as if manually signed by the party whose facsimile signature appears. In witness hereof, the parties execute this Employment Agreement as of the date first written above. a Delaware corporation ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Chairman ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Employee shall be primarily responsible for all accounting matters of the Company, including but not limited to: 1. Preparation of monthly, quarterly and annual financial statements in accordance with GAAP, sufficient to present to the Company’s independent auditor. 2. Preparation of budgets and projections of cash flow, income, operations, etc. as the Board or CEO may request from time to time; 3. Manage cash flow, payable, reserves, allowances, etc.; 4. Manage payroll and compensation payments and plans; 5. Establish and maintain accounting records and reports; 6. Oversee all accounts payable, including establishing vendor and payee accounts; and 7. Establish anti-fraud and loss prevention systems and practices for accounting matters. CALIFORNIA CODES SECTION 2870 (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities, or trade secret information except for those inventions that either: (1) Relate at the time of conception or reduction to practice of the invention to the employer's business, or actual or demonstrably anticipated research or development of the employer; or (2) Result from any work performed by the employee for the employer. (b) To the extent a provision in an employment agreement purports

Execution by All Parties Required to be Binding; Electronically Transmitted Documents. This Agreement shall not be construed to be an offer and shall have no force and effect until this Agreement is fully executed by all parties hereto. If a copy or counterpart of this Agreement is originally executed and such copy or counterpart is thereafter transmitted electronically by facsimile or similar device, such facsimile document shall for all purposes be treated as if manually signed by the party whose facsimile signature appears. In witness hereof, the parties execute this Employment Agreement as of the date first written above. ETHOS ENVIRONMENTAL, INC. EMPLOYEE a Delaware Nevada corporation ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Chairman Chief Executive Officer ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Employee shall be primarily responsible for all accounting matters of the Company, including but not limited to: 1. Preparation of monthly, quarterly and annual financial statements in accordance with GAAP, sufficient to present to the Company’s independent auditor. 2. Preparation of budgets and projections of cash flow, income, operations, etc. as the Board or CEO may request from time to time; 3. Manage cash flow, payable, reserves, allowances, etc.; 4. Manage payroll and compensation payments and plans; 5. Establish and maintain accounting records and reports; 6. Oversee all accounts payable, including establishing vendor and payee accounts; and 7. Establish anti-fraud and loss prevention systems and practices for accounting matters. CALIFORNIA CODES SECTION 2870 2870. (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities, or trade secret information except for those inventions that either: (1) Relate at the time of conception or reduction to practice of the invention to the employer's business, or actual or demonstrably anticipated research or development of the employer; or (2) Result from any work performed by the employee for the employer. (b) To the extent a provision in an employment agreement purportspurports to require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a) the provision is against the public policy of this state and is unenforceable.