Sample Business Contracts

Employment Agreement - BriteSmile Inc. and Richard Craven

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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                          [BriteSmile Company Logo]

January 25, 1999

Mr. Richard Craven
1110 Armanda Drive
Pasadena, California 91103

Dear Richard,

It is my pleasure to offer you employment with BriteSmile. The specifics of this
offer are detailed below.

         Title:                     Vice President, Center Operations.

         Reporting:                 This position reports to Linda Oubre,
                                    President, BriteSmile Center Division.

         Responsibilities:          Manages all Center operations including
                                    recruitment and hiring of all staff,
                                    implementation of operating policies and
                                    procedures, training, materials management,
                                    and quality control.

         Base Salary:               Annual base salary of $132,500.

         Stock Options:             You will be granted options to purchase
                                    110,000 shares of BriteSmile stock based on
                                    your performance and according to the
                                    following provisions:
                           o        Option  to  purchase  shares  will be at the
                                    market  price  of  BriteSmile  stock  on the
                                    close of business January 19, 1999.
                           o         Vesting schedule will be:
                                    20,000 per year at the end of years 1-4.
                                    30,000 at the end of year 5.

         Benefits:                  You will receive employee benefits including
                                    holidays, vacation, life insurance, and
                                    medical and dental insurance according to
                                    BriteSmile company policy.

         Start Date:                Your start date will be January 18, 1999.

         Sole Endeavor:             BriteSmile shall be your sole endeavor.  Any
                                    patents, licenses, or business ideas related
                                    to BriteSmile's business generated during
                                    the term of your employment will be owned by

         At Will Employment:        Your employment is considered at will
                                    employment which can be terminated at any
                                    time.  If employment is terminated "without
                                    cause" ("cause" is defined as business
                                    dishonesty or any conduct involving moral
                                    turpitude) then you will be entitled to


                                    severance pay according to BriteSmile
                                    company policy.

Please  acknowledge  your  acceptance of this offer by signing and dating below.
Let me know if you have any questions.


/s/Linda S. Oubre
Linda S. Oubre
President, Center Division


  /s/ Richard F. Craven                    Date 2/25/99
-------------------------------------------    -------------------------------

cc:      Tony Pilaro
         Michael Bonner
         Carol Lewis