Exhibit 10.38
Employment Agreement
between
Bluehill ID AG
and
Mr. John Rogers
Table of contents
1. Introduction
1
2. Duties
1
3. Remuneration
2
4. Continued Payment of Salary in Case of Illness or Accident
2
5. Insurance
3
6. Vacation
3
7. Accessory Activity
3
8. Obligation to Secrecy
3
9. Restraint of Competition
4
10. Penalties
4
11. Duration and Termination of Employment
5
12. Return of Documents and other Objects
5
13. Miscellaneous
5
THIS AGREEMENT is made and entered into as of 5 January 2009 by and between
John Rogers, born on February 10 1964 in Dublin, Ireland having his personal address at Chemin des Mélampyres 18, CH-1805
Jongny, Switzerland, hereinafter referred to as “Employee”
and
Bluehill ID AG, having its registered office at Dufourstrasse 121, CH-9001 St. Gallen, a company duly registered in the
commercial register in St. Gallen under CH-320.3.061.004-0/, represented by the Ayman S. Ashour, hereinafter referred to as
“Employer”.
Employee has been involved for many years in various senior positions in the RFID industry.
Employee shall act as Chief Integration Officer in charge of integration and transition of newly acquired subsidiaries of
Bluehill ID AG. He shall be responsible for handling the post closing aspects of the acquisition agreements and for
transitioning the acquired companies into Bluehill ID AG’s culture including major projects such as divestiture or closure
of certain units and merging with other Bluehill ID AG units. The Employee will be responsible for managing acquired
companies and at times other Bluehill ID AG subsidiaries until the completion of the transition and integration process.
The Employee will also be responsible for opening and closing balance sheets. Furthermore, Employee shall have the
position of an Executive Vice President of the Employer.
page - 1 - of 6
1.
Introduction
2.
Duties
2.1
The rights and duties of the Employee