Sample Business Contracts

Employment Contract - American Greetings Corp. and Erwin Weiss

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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DATE:    May 6, 2002

                         ERWIN WEISS EMPLOYMENT CONTRACT


1.       Title will be Senior Vice President.

2.       Base salary will be:

                    $350,000 effective April 1, 2002
                    $375,000 effective April 1, 2003
                    $400,000 effective April 1, 2004

         o        assumes he is employed at each effective date


3.       If Erwin Weiss separates from AG, either voluntarily or involuntarily,
         AG will grant him $250,000 in deferred compensation.

4.       If he separates from AG, either voluntarily or involuntarily, he will
         be granted three years of base salary continuation, and health care at
         the employee deduction rate, as severance; the salary continuation will
         be at the rate in effect at the time of separation, and will not
         increase, except as described in #5 below.

5.       If he is involuntarily separated before March 2005, for purposes of
         determining his severance, his base salary will increase by $50,000
         from the amount in effect at the time of his separation.

POSITION:

         o        Full time internal consultant in addition to ongoing
                  responsibility for operating activity.

DUTIES:

         o        Work on any project, process improvement, study that is
                  needed.

REPORTING:

         o        To the CEO or EVP's of American Greetings Corporation.


<PAGE>

STATUS:

         o        Full Senior VP.

COMPENSATION:

         o        April 02 - 350K base

         o        April 03 - 375K base ~ compensation schedule only if employed
                                         at each date of increase

         o        April 04 - 400K base

BONUS:

         o        100% of bonus for Senior V.P. minimum, based on American
                  Greetings Corporation achieving its Annual Plan.

STOCK OPTIONS:

         o        100% Senior V.P. minimum.

FULL BENEFITS:

         o        Accorded the Senior V.P. position.

ADJUSTMENTS TO EMPLOYMENT CONTRACT:

         o        Severance will be paid on either termination or resignation.

         o        The $250K that is part of employment agreement should be
                  amended to read it will be paid either on termination or
                  resignation.

The $50K per annum salary adjustment that is effective as of March 2005 will be
added to the base salary if employment agreement is triggered by termination.

AMERICAN GREETINGS CORPORATION                 ERWIN WEISS


By:    /s/ Zev Weiss                           /s/ Erwin Weiss
       -----------------------------           ----------------------------
       Zev Weiss
       Executive Vice President