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Name | Symbol | Market | Type |
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Central Energy Partners LP (CE) | USOTC:ENGY | OTCMarkets | Trust |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Delaware
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000-50394
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20-0153267
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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8150 North Central Expressway
Suite 1525
Dallas, Texas
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75206
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(Address of Principal Executive Offices)
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(Zip Code)
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the term of employment is for a period of three years unless terminated as more fully described in the Agreement; provided, that on the third anniversary and each annual anniversary thereafter, the Agreement shall be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one year, unless either party provides written notice of its intention not to extend the term of the Agreement at least 90 days' prior to the applicable renewal date;
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the Employee will serve as Vice President and General Manager of Regional;
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the Employee will receive an annual salary of $150,000 (“Base Salary”) which may be adjusted from time to time as determined by the Board of Directors of Regional;
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For each calendar year of the employment term, Employee shall be eligible to receive a discretionary bonus to be determined by Regional’s Board of Directors in its sole and absolute discretion (“Annual Bonus”). In addition, the Employee shall earn an anniversary bonus (“Anniversary Bonus”) equal to $200 for each year that the Employee has served as an employee of Regional;
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the Employee shall be entitled to four weeks of paid vacation during each 12-month period of employment beginning upon the effective date of the Agreement;
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the Employee will be entitled to other customary benefits including participation in pension plans, health benefit plans and other compensation plans as provided by Regional; and
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the Agreement terminates (a) upon death, (b) at any time upon notice from Regional for cause as more fully defined in the Agreement, (c) by Regional, without cause, upon 15 days advance notice to Employee, or (d) by the Employee at any time for Good Reason (as more fully defined in the Agreement) or (e) by Employee without Good Reason (as more fully defined in the Agreement) upon 15 days advance notice to Regional.
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Central Energy Partners LP
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By: | Central Energy GP LLC, | ||||
its General Partner
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By: |
/s/ Ian T. Bothwell
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Ian T. Bothwell,
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Executive Vice President,
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Chief Financial Officer and
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Principal Accounting Officer
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Dated: November 28, 2011
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Exhibit No.
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Description
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10.95 |
Employment Agreement of Daniel P. Matthews dated November 22, 2011
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1 Year Central Energy Partners (CE) Chart |
1 Month Central Energy Partners (CE) Chart |
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