CHAMPION HOME INSPECTION
INSPECTOR EDUCATION AGREEMENT
This Inspector Education Agreement (this “Agreement”) is entered into as of the date set forth below, by the undersigned (“Employee” or “you”).
WHEREAS, in connection with your offer of employment and contingent on the execution by you of this Agreement, Champion Home Inspection LLC has agreed to provide you with all needed training and tools/equipment to become a licensed home inspector in Indiana (the “Training”), during such time you are employed by Champion Home Inspection LLC. The Training provided, or to be provided involves many direct and indirect expenses for Champion Home Inspection LLC, as well as provides you direct benefits in the form of education, licensing in a trade, distance, travel, and hands-on training, which serve as adequate consideration for you entering into this Agreement.
NOW, THEREFORE, in consideration of the foregoing, the receipt and sufficiency of which are hereby acknowledged, you agree to the following:
- If you voluntarily terminate employment with Champion Home Inspection LLC or are terminated by Champion Home Inspection LLC for Cause (as hereinafter defined) prior to the date that is twelve (12) months after the date on which your employment with Champion Home Inspection LLC begins, you will reimburse Champion Home Inspection LLC in the amount of Five Thousand Dollars, prorated for the time spent to the end of month in which you terminated employment with Champion Home Inspection LLC. The amount is Four Hundred Sixteen Dollars and Sixty-Six Cents per month ($416.66) remaining of the 12 months starting from the first date of full-time paid employment. This is considered compensation for the Training provided, payable within five (5) days after the end of your employment with Champion Home Inspection LLC. You agree that (i) the actual direct and indirect expenses incurred by Champion Home Inspection LLC, in providing you with the needed Training and State certifications are difficult to calculate, (ii) the Reimbursement Amount is a reasonable estimate of those expenses (on the low end), and (iii) the Reimbursement Amount shall be deemed an acceptable amount of liquidated damages under the circumstances and is not representative/comprised of punitive or other impermissible damages.
- For the purposes of this Agreement, for “Cause” termination shall mean a termination of your employment by Champion Home Inspection LLC for any of the following reasons: (i) fraud, embezzlement, or theft; (ii) willful misconduct damaging to Champion Home Inspection LLC, its reputation, products, services, or customers; (iii) intentional violation of any law or regulation; (iv) any unauthorized. disclosure of any trade secret or confidential information of Champion Home Inspection LLC or its affiliates; (v) continued failure to perform duties owed to Champion Home Inspection LLC; (vi) being charged with a felony or a misdemeanor involving moral turpitude; or (vii) any other reasons defined as for Cause or a similar term in any employment agreement between you and Champion Home Inspection LLC.
- If any action is brought to enforce any provision of this Agreement by Champion Home Inspection LLC, you agree to pay all costs associated with the action as well as any costs of litigation, including all reasonable attorney fees.
- This Agreement creates no contract of employment between you and Champion Home Inspection LLC. You may terminate your employment with Champion Home Inspection LLC, at any time with or without cause, and Champion Home Inspection LLC may terminate your employment at any time with or without cause. ·
Employee Signature: ________________________
Printed Name: _____________________________ Date: _______