Sample Business Contracts

Employment Agreement - Aspect Communications Corp. and David B. Wright

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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February 15, 2001

David B. Wright
18400 Overlook #67
Los Gatos, California  95030

Dear David:

I am pleased to welcome you to Aspect's Board of Directors following the
unanimous vote of Aspect's board to appoint you to Aspect's Board of Directors
subject to and upon ratification by vote of the shareholders on May 16, 2001.

I am asking that you be prepared to spend a few hours of informal advisory time
with me and other officers or directors at least once a quarter and to be
available by telephone to discuss issues and concerns as we need qualified
advice. Your participation in board meetings at the company's San Jose
headquarters generally five or six times per year will be your most visible
interaction with our other directors and officers. We try to set dates for these
meetings 6 to 12 months in advance and generally will expect to hold the
duration of each meeting to 4 - 5 hours.

As a director, you will receive an annual retainer of $24,000 per year, paid
quarterly, which will compensate you for all your professional duties including
board meetings, committee meetings and informal time. You may elect to take this
retainer in cash or in stock. If you elect to receive this payment in stock, you
will receive an additional $4,800 annually to partially offset any tax
consequences of being paid in stock where it may not be desirable or practical
to sell these shares to pay personal taxes. (We also have a provision that you
may choose to take your retainer, half in cash and half in stock, in which case
you would receive an additional $2,400 annually for tax offset.) You will also
be reimbursed by the company for any reasonable and ordinary out-of-pocket
expenses you incur in fulfilling your role as a director. It is our policy to
provide directors with business class or equivalent airfare tickets and travel
arrangements for transcontinental and international travel for board activities.

You will also participate in the 1998 Director's Stock Option Plan (as amended
and restated as of August 31, 2000), and with your election to Aspect's Board of
Director, you will be granted a ten-year option to purchase 24,000 shares of
Aspect Common Stock, vesting 25 percent per year over the next four years. The
option exercise price will be the closing price on the date of your election to
the board (presumably May 16). Assuming your continued participation as a
director, you will be granted annually on August 31 an additional 6,000 share
options at the then-current fair market value.

You will be asked to observe the customary SEC requirements regarding reporting
of your Aspect stock ownership, avoiding insider trading and short-swing
transactions, and such other requirements of directors of public companies as
may apply now and in the future.

Dave, I am really excited about your joining Aspect's board. You bring the exact
kind of skills and experience I've been looking to add to my board, and I am
excited about being able to introduce you to my management team in the near
future. If the provisions of this invitation meet with your expectations, would
you please sign and return to me one original copy of this letter within the
next few days.


/s/ Beatriz Infante
Beatriz Infante
Chairman, President and Chief Executive Officer (CEO)

Acknowledged and Accepted:

/s/ David B. Wright                    02/19/01
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David B. Wright                        Date