Sample Business Contracts
Employment Agreement - Citigroup Inc. and Robert E. Rubin
- 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
399 Park Avenue
New York, NY 10043
February 6, 2002
Robert E. Rubin
New York, NY
I am writing on behalf of Citigroup Inc. to confirm certain changes to
your employment agreement dated October 26, 1999:
(i) the guaranty of a level of incentive compensation for
2001 is extended for 2002, and all of the provisions
of the employment agreement relating to such
incentive compensation (such as composition and
manner of payment), including those designed to avoid
the loss of deduction under Section 162(m) of the
Internal Revenue Code, shall apply to such extended
(ii) the first paragraph under "Part B" of Schedule B is
revised to read as follows:
"retirement, for which Mr. Rubin shall be eligible
after reaching age 65, whereupon Mr. Rubin's combined
age and service shall be deemed to equal 75 for
purposes of all plans and programs of Citigroup
(other than any pension plans sponsored by the
Company or any of its affiliates)".
If the foregoing is consistent with our discussions, please sign in the
space provided below.
Very truly yours,
By: /s/ Sanford I. Weill
Sanford I. Weill
Accepted and agreed
/s/ Robert E. Rubin
Robert E. Rubin