Sample Business Contracts

Employment Agreement - Informix Software Inc. and Gary Lloyd

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.
  • More Employment Agreements

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January 19, 1998

Gary Lloyd
99 Lyford Drive, No. 45
Tiburon, California 94920

Dear Gary:

We are very pleased that you are considering joining us at Informix Software, 
Inc. (Company).  The purpose of this letter is to set forth our offer of 
employment.  We propose that you begin employment with Informix Software, 
Inc. in the capacity of Vice President and General Counsel in our Menlo Park 
office, reporting to Bob Finocchio, Chairman, President and Chief Executive 

Your salary, computed on an annual basis beginning on the date you become an 
employee of the Company, will be $200,000 per year and shall be paid in equal 
semi-monthly installments.

You will also participate in the Executive Incentive Compensation Plan in 
1998 at a rate of 35%.  Plan details will be provided under separate cover.

It will be recommended to the Board of Directors that you receive a 
non-qualified stock option under the Informix Corporation Employee Stock 
Option Plan to acquire 150,000 shares of the common stock of Informix 
Corporation on terms and conditions to be determined solely by the Board of 
Directors at the time of the grant, but subject to the change of control 
provision that has been given to recently hired officers.  You, of course, 
will be under no obligation to exercise any stock options which may be 
granted to you.

This offer of employment is contingent upon the following:

-  Your signing of the Company's Employee Agreement for Nondisclosure of 
Confidential Information, in the form attached.

-  Your acceptance of this offer by signing this letter below.

-  Your signing of the enclosed W-4 form.

-  Within your first day of employment, you must provide for examination, 
proof of your legal right to work in the United States and complete the 
Immigration Form I-9 as required by the U.S. Immigration and Naturalization 
Service.  These include either 1) a U.S. passport, a U.S. certificate of 
citizenship, a U.S. certificate of naturalization, an unexpired foreign 
passport with attached employment authorization or an alien registration card 
with photograph: OR 2) a state driver's license, a state I.D. card, a U.S. 
military card AND a Social Security card or a U.S. birth certificate.  If you 
do not have proof of identification on the first day of employment, you will 
be sent home to obtain the documents.  You will not be placed on the payroll 
until this form is completed by a Company representative.  If for any reason 
you are unable to provide proof of your identity as well as your legal right 
to work in the United States within the first three days the Company may 
terminate your employment. From time to time after your first day of 
employment, you may be asked to provide proof of your identify as well as 
your legal right of work in the United States.


Page 2
Gary Lloyd
January 19, 1998

This offer of employment is not for any specific period of time and your 
employment may be terminated with or without cause by yourself or the Company 
at any time for any reason.

As an employee of Informix, you also agree to comply with company policies, 
procedures and standards of conduct that may be established by the Company.

This offer of employment contains all of the terms and conditions of your 
employment with the Company and supersedes any and all prior, oral or written 
representations or agreements made by anyone employed by, or associated with, 
the Company.

The terms of this offer, if accepted, will become your terms of employment 
and can only be added to or modified by a written document signed by the Vice 
President of Human Resources or the President of the Company.

I am looking forward to your acceptance of this offer.  Please be advised 
that this offer of employment is valid only to January 26, 1998.  Please 
acknowledge your acceptance by signing and dating this letter and returning 
it to us before January 29, 1998.  In addition, please complete the W-4 form 
and return it to the Human Resources Department prior to beginning your 
employment or no later than 3 days after your date of hire.  Enclosed for 
your convenience in making the return is a self-addressed envelope.  Please 
bring your I-9 form, required identification, and Non-Disclosure Agreement 
with you on your first day of employment for verification and witnessing by 
your manager.



/s/ Robert J. Finocchio
Bob Finocchio
Chairman, President and
Chief Executive Officer

1. Non-Disclosure Form
2. I-9 Form
3. W-4
4. Employee Handbook

        Gary Lloyd