EXHIBIT 10.17
EMPLOYMENT AGREEMENT
This contract of Employment
is made and entered into by and between Thomas
Nelson, Inc., a Tennessee
corporation, hereinafter referred to as "Employer",
and Jerry Park, hereinafter
referred to as "Employee."
Employer desires to employ
Employee in the capacity of Sr. Vice President,
Trade Sales & Christian
Markets, with all principal powers, duties and
responsibilities attendant
thereto, and such other duties as shall be requested
of Employee by the Company,
and Employee desires to be so employed by Employer.
In consideration therefore,
the parties mutually agree as follows:
A. TERM OF
AGREEMENT
-----------------
The term of this contract
shall be for a period of one (1) year commencing on
January 27, 1998 and
thereafter shall automatically renew for additional
thirty (30) day periods
unless 1) cancelled upon thirty (30) days written
notice by either party or 2)
superseded by a new employment agreement.
B. EMPLOYEE COMPENSATION
---------------------
Employee's remuneration shall
be as set forth in Schedule A attached to this
Agreement and incorporated
herein.
C. EMPLOYEE CONDUCT
----------------
As Sr. Vice President, Trade
Sales & Christian Markets, Employee recognizes and
understands his fiduciary
relationship with and responsibilities to Employer.
Employee therefore promises
to act always in good faith and in the best
interests of Employer in the
discharge of his duties and obligations.
Further, Employee agrees to
devote his full time and efforts to his employment
with Employer. Should
Employee during the term of this Agreement fail to so
devote his full working time
and efforts to the benefit of Employer for any
reason other than illness or
disability, or should he engage in any activity
or business enterprise
competing or conflicting with the business or activities
of Employer, its
subsidiaries, partners, or agents, or should he engage in
any
illegal or criminal conduct
or acts of insubordination, or should he violate
any of the terms and
provisions of Subparagraph D(1) hereunder, then
Employer,
at its sole discretion, may
terminate the employment of Employee immediately.
All Employee's rights
hereunder shall end upon such termination by Employer
and
Employee's only rights in
such event shall be to receive all salary accrued
through the date of
termination.
D. CONFIDENTIAL CLAUSES AND
NON-COMPETITION AGREEMENT
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Employee further agrees as
follows:
(1) During Employment by
Employer:
Confidential
Information
Employee
recognizes and acknowledges that there are certain trade
s