General Counsel Employment Agreement - Lori Stanley

Exhibit 10.1 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (" Agreement" ) dated as of the 1st day of April, 2006 (the " Effective Date" ) is made and entered into by and between enherent Corp. , and its affiliates, associated companies, subsidiaries, parent, divisions or related entities (collectively " Company" ), a Delaware corporation, having a principal place of business at 192 Lexington Avenue, New York, New York 10016 and Lori L. Stanley (" Employee" ), an individual residing at 525 East Washington Avenue, Woodbridge, New Jersey, 07095. 1. TITLE. The Company hereby employs Employee, as general counsel (" GC" ). Employee will be based in the metropolitan New York/New Jersey area. The Company will provide Employee with an office and appropriate computer and communications at its offices in that area and Employee hereby accepts employment in such capacity and subject to the conditions set forth in this Agreement. 2. TERM. The initial term of this Agreement is for one (1) year, commencing on the Effective Date reflected above (the " Initial Term" ). This Agreement shall automatically renew for subsequent one-year terms, unless and until terminated by either party in accordance with the provisions of Section 8. The entire period this Agreement remains in effect is referred to as the " Employment Period" . It is expressly understood and agreed that any changes in the Employee' s compensation, duties, location or title will not invalidate this Agreement. At the option of the parties, such changes may be incorporated into an " Addendum" to this Agreement. Failure to so incorporate such changes will not affect the validity of, or the enforceability of, the other terms herein. 3. COMPENSATION. The Company shall pay to Employee the following compensation, subject to applicable withholdings, for all the services to be rendered by Employee in any capacity: a. Base salary. An initial gross salary at the rate of $175,000 per year (annual base salary) payable on a semi-monthly basis or in accordance with Company' s then current policies and procedures, less all applicable and required federal, state, local and authorized deductions. b. Paid Time Off. Employee shall be entitled to receive fifteen (15) days paid vacation each year, and to six (6) personal and sick days. Otherwise, entitlement to and use of such paid time off shall be in accordance with the Company' s Employee Handbook. c. Incentive Compensation. In addition to base salary, Employee shall be eligible for a bonus of up to ten percent (10%) of base salary, pursuant to the Company' s Management Incentive Plan. The accrual and extent of such bonus, as established at the sole discretion of the Company, shall be based on personal and Company goals. d. Benefits. Employee shall be eligible for the Company' s benefits during the Employment Period in accordance with the terms of any employee plans, policies,


and practices of the Company applicable to executive employees generally, which may include retirement program, 401(k), defined benefits and cafeteria plans, a group life insurance plan, salary continuation program for a surviving spouse of key employees, disability plan for key employees, medical and health plans, vacation policies and other present or equivalent successor plans and practices of the Company for which officers, or dependents and beneficiaries, generally are eligible, and to all payments or other benefits under any such plan or practice after the period of employment as a result of participation in such plan or practice during the Employment Period. 4. JOB DESCRIPTION AND DUTIES. A copy of the GC job description is attached to this Agreement. Employee shall perform such work as may be required of Employee by Company in accordance with the job description, as well as the instructions, directions and control of Company and at such reasonable time and places as Company may determine. At all times during the Employment Period, Employee shall strictly adhere to all the rules and regulations that have been or that may hereafter be established by Company for the conduct of its employees and further, Employee shall strictly adhere to all the provisions of the Company' s handbook(s). 5. BACKGROUND CHECK. Employee hereby consents to the conducting of a background check by Company and/or Company' s broker, customer and/or client to the full extent permitted by law. Such a background check may include, but shall not be limited to, a judgment and public criminal record check, fingerprinting, and drug and/or alcohol screening. The Employee agrees not to hold Company and/or its broker(s), customer(s) and/or client(s) liable for any claims in connection with such checking or testing or the reporting of the results thereof to Company. 6. BUSINESS ACTIVITY. Employee shall devote full and complete attention and energies to the business of Company, and shall not during the term of this Agreement be engaged in any other business activity, whether or not such business activity is pursued for gain, profit or other pecuniary advantage and whether or not said other business activity is directly, indirectly or unrelated to the business activity of Company, without the express written consent of Company. However, this shall not be construed as preventing Employee from investing Employee' s assets in such form or manner as will not require any services on Employee' s part in the operation of the affairs of the companies in which such investments are made; provided, however, that any investment in any non-public companies shall not be in companies having allied or related business activities to Company. 7. EXPENSES. The Company will reimburse Employee for reasonable and customary expenses incurred by Employee in the course of this employment provided that such expenses are reimbursable by Company policy, and further, that such expenses are authorized by Company and an accounting is made to Company, in accordance with the procedures of Company. 8. TERMINATION. The Employment Period shall be terminated:

2


a. by either party giving written notice of non-renewal o ...