Sample Business Contracts

Employment Agreement - Akamai Technologies Inc. and Paul Sagan

Employment Forms

  • Employment Agreement. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
  • Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
  • Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
  • Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
  • Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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July 20, 2004

Mr. Paul Sagan

         Re: Employment Agreement

Dear Paul:

     This letter will set forth the terms of your full-time employment as
President of Akamai Technologies, Inc. (the "Company") effective July 1, 2004.

1.   Title and Duties.

     During your employment, you shall serve as President of the Company and
shall have all powers and duties consistent with this position, reporting to and
subject to the direction and control of the Company's Chief Executive Officer
("CEO") and Board of Directors (the "Board"). You shall perform such other
duties and responsibilities on behalf of the Company as may reasonably be
assigned from time to time by the CEO and/or Board consistent with the position
of President. In no way limiting the foregoing, your duties and responsibilities
hereunder shall include responsibility for the efficiency of the Company's
management process, the effectiveness of the Company's business planning and,
with the CEO, operating results. You will monitor continuous improvement in the
Platform and oversee the strengthening of our internal controls over financial
reporting and disclosure controls and procedures; enhancement of the quality of
Akamai's strategic planning and business processes, including the connection
between Product Management and Sales; and implementation of personnel leadership
development and other Human Resources initiatives.

2.   Base Salary.

     Your base salary shall be at the annualized rate of $300,000 per year
($25,000 per month). Your salary shall be subject to review as determined from
time to time by the CEO and the Compensation Committee of the Board of Directors
of the Company.

3.   Employee Benefits.

     You shall be entitled to health insurance, vacation, and other employee
benefits provided to senior executives of the Company, so long as and to the
extent any such benefit is provided by the Company and provided you meet any
eligibility requirements to participate. The Company may alter, modify, add to
or delete any employee benefits maintained for its employees generally at any
time, as it, in its sole judgment, determines to be appropriate.


4.   Invention And Non-Disclosure Agreement And Non-Competition and
     Non-Solicitation Agreement.

     The Invention and Non-Disclosure Agreement dated March 28, 1998 between you
and the Company and the Non-Competition and Non-Solicitation Agreement dated
October 28, 1998 by and between you and the Company shall remain in full force
and effect.

5.   Annual Bonus.

     No change to annual bonus at this time. Annual bonus target is set at
$20,000 (pursuant to the 2004 EVP bonus plan).

6.   Stock.

     No change to equity position at this time.

7.   No Term.

     This letter is not to be construed as an agreement expressed or implied to
employ you for any stated term. Either you or the Company may terminate the
employment relationship at any time for any reason.

     Please sign below to indicate your acceptance of the terms of this
Employment Agreement.

                                                Very truly yours,

                                                AKAMAI TECHNOLOGIES, INC.

                                                By: /s/ George Conrades
                                                    Name: George Conrades
                                                    Title: CEO

     I accept the terms of this Employment Agreement with Akamai Technologies,
Inc. as set forth herein.

                                                By: /s/ Paul Sagan
                                                    Name: Paul Sagan
                                                    Date: 8/9/04