Sample Business Contracts

Employment Agreement - Kellogg Co. and Annunciata Cerioli

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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                                                                  March 31, 2004


Ms. Annunciata Cerioli
17 Dettmann Street
Longueville NSW 2066

Dear Nucci:

I am extremely pleased to confirm your new position as Vice President, Human
Resources. You will be located at our headquarters office in Battle Creek,
Michigan. Your new assignment will begin Friday, April 23, 2004, and you will
report directly to me. Given the significance of your new position, the
Company's Board of Directors will ratify your appointment as an officer of the
Company during its meeting in April.

Your new salary will be $270,000 per year with an Annual Incentive Plan target
bonus of 55%. You will continue to receive the benefits for which you are
currently eligible, including benefits under the Kellogg Company Pension Plan,
Severance Benefit Plan, and Welfare Benefit Plan. In special consideration for
your acceptance of this offer, you will:

      (i)   receive, contingent upon the approval of the Board of Directors, a
            sign-on restricted stock grant of 7000 shares of Kellogg Company
            stock. These options will vest three years from the date you begin
            your new role;

      (ii)  be a member of the Executive Management Committee, where key
            corporate strategic and operational decisions are made; and

      (iii) be covered by our Change of Control Policy, which provides for you
            to receive certain benefits in the event you are terminated in
            connection with a change in control of the Company.


Ms. Annunciata Cerioli
Page 2
March 31, 2004

In addition, we will pay the expenses involved in moving you and your family to
Michigan in accordance with the Company relocation policy. (Enclosed is a
relocation guide for your review.) For additional information regarding your
relocation, we will schedule a time for you to speak to the appropriate contact
at headquarters after the announcement is made.

Nucci, I am excited about working with you, and I am confident that the position
will provide the professional opportunity and challenge you desire. Please
confirm your acceptance of this offer by signing below and returning one copy to
me and retaining a copy for your records.


                                          Carlos M. Gutierrez
                                          Chairman of the Board
                                          Chief Executive Officer

All employment is at-will, and any exceptions must be in writing and approved by
the Chief Executive Officer. Kellogg Company continues to maintain and reserves
the right to alter, amend or terminate its benefit plans.

I accept the above offer as presented this ______ day of April, 2004.


                 (Print Name)