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<br />EMPLOYMENT AGREEMENT <br /> <br />This Agreement, made this 15th day of June, 1994, by and between the Paris Economic <br /> <br /> <br />Development Corporation, acting by and through its President, Philip R. Cecil, duly authorized, <br /> <br /> <br />hereinafter called PEDC, the Lamar County Chamber of Commerce, acting by and through its <br /> <br /> <br />President, Jo Ann Parkman, duly authorized, hereinafter called CHAMBER, and Gary L. Vest, <br /> <br /> <br />hereinafter called VEST. <br /> <br /> <br />WHEREAS, PEDC and CHAMBER do jointly provide funding for the employment of <br /> <br /> <br />the Director of Economic Development of the Paris Economic Development Corporation and <br /> <br /> <br />Chamber CEO; and, <br /> <br /> <br />WHEREAS, PEDC and CHAMBER desire to obtain the services of VEST and VEST <br /> <br /> <br />desires to be employed by PEDC and CHAMBER upon the terms and conditions hereinafter set <br />forth. <br /> <br />KNOW ALL MEN BY THESE PRESENTS, That PEDC and CHAMBER and VEST <br />do hereby contract and agree as follows: <br />SECTION 1. Ernolovrnent <br />PEDC and CHAMBER hereby agree to employ VEST, and VEST hereby agrees to serve <br />PEDC and CHAMBER as an "at-will" employee, limited only as hereinafter specifically set out, <br />with duties, responsibilities and rights as hereinafter set forth. <br />SECTION 2. Duties <br /> <br />VEST will be subject to the direction and instructions of PEDC and CHAMBER. <br /> <br />A. VEST will devote a minimum of one-third (1/3) of his time, attention and <br /> <br />energies to duties as directed by PEDC and attend all meetings of the Paris <br /> <br />Director of Economic Oevdooment of the PEDe and C1wnber CEO - CONTRACf - Page: I <br /> <br />EXHIBIT A <br />