Sample Business Contracts

Employment Agreement - Harman International Industries Inc. and W. S. Palin

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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                                                          harman international

Harman International Industries, Incorporated
8500 Balboa Blvd.  P.O. Box 2200
Northridge, CA  91329
(818) 893-8411

September 1, 1999

Mr. W. S. Palin
The White House
Llandyrnog
Denbighshire  LL16 4LT
WALES

Dear Bill:

I am writing to confirm our agreement on terms of your employment:

1.  Your employment is with Harman International Industries,
Incorporated but for payroll, tax and social security purposes you may
be attached to one of the UK subsidiaries, your residence being in the
UK.

2.  Your title is Vice President.

3.  You will report to the President of the Company.

4.  Your base salary will be 165,000 British Pounds per annum paid
monthly in arrears.  It will be subject to annual review the first of such
to be carried out in September 2000.

5.  Your employment will be subject to a notice period mutually applied
of 12 months, such notice may not be given prior to June 30, 2001.
During your employment and any notice period you agree not to engage
in any conduct which is competitive with the Company.

6.  You will be entitled to participate in the Company's UK health and
life insurance plans at the Company's expense.

7.  The Company will provide you with an automobile for both business
and your personal use.  The Company will bear all running costs.  The
car provided will be selected by you in line with those driven by other
employees of the Company at a similar level to yourself in Europe.

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8.  You will participate in the Company's discretionary bonus scheme.

9.  You will be eligible to participate in any General Option Award by
the Company.

10.  The Company shall contribute annually to your portable pension
scheme an amount no less than 10 percent of your base salary payable
in January of each calendar year.

11.  In addition to public holidays, you will be entitled to 30 business
days annual vacation.

12.  Your position will involve a considerable amount of travel to
various Company locations.

13.  The Company will reimburse you for all travel and related expense
and for any out-of-pocket expenses reasonably incurred in the
performance of your duties (telephone, equipment, stationery, journals,
etc.).

14.  Travel by rail may be first class, and by air up to business class at
your option.

15.  Your responsibilities include Internal Audit for all Operations, for
which you will report to the President plus providing me with assistance
as I may direct in any due diligence or operational matter.

Will you please indicate your understanding of and agreement to the
foregoing by signing and returning to me the attached copy of this letter.

Sincerely,

HARMAN INTERNATIONAL
INDUSTRIES, INC.

  /s/ Frank Meredith
Frank Meredith
Vice President

AGREED TO AND ACCEPTED:

By:   /s/ W.S. Palin
       ------------------------
        W. S. Palin

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