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Employment Agreement [Amendment] - Getty Images Inc. and Christopher Roling

Employment Forms

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  • 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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                                  AMENDMENT TO
                              EMPLOYMENT AGREEMENT


                             DATED FEBRUARY 1, 2000

THIS AMENDMENT is made as of February 1, 2000 ("Commencement Date"), and is by
and between Getty Images, Inc. (the "Company") and Christopher Roling (the

WHEREAS the Company and the Employee desire to amend the Employment Agreement
dated July 1, 1999 (the "Agreement");

THEREFORE the Company AND the Employee agree to delete Section 3 (a) in its
entirety and replace it as follows:

        3. (a) SALARY. The Company shall pay to the Employee an annual salary
(the "Salary") at the rate of Two Hundred Seventy Five Thousand Dollars
($275,000.00), payable to the Employee in accordance with the normal payroll
practices of the Company for its employees as are in effect from time to time.
In addition, the Employee shall receive an annual foreign service premium of ten
percent of the salary and an annual accommodation adjustment of Forty Eight
Thousand Dollars ($48,000.00), payable as part of the normal payroll practices.
The foreign service premium and the accommodation adjustment mentioned above are
the net amounts that will be received by the Employee. The Company will be
responsible for any tax due on these amounts. The amount of the Employee's
Salary shall be reviewed annually by the Board on or about April 1 of each year
during the Term beginning in the 2001 calendar year and may be increased on the
basis of such review and then-current market practices, but not decreased below
such amount.

IN WITNESS WHEREOF, Getty Images, Inc. and Christopher Roling have caused this
Amendment to be executed as of the Commencement Date.

GETTY IMAGES, INC.                          CHRISTOPHER ROLING

    ----------------------------            ------------------------------------
    Jonathan Klein, CEO                     Christopher Roling

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