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Sample Business Contracts

Employment Agreement [Amendment No. 2] - Mikohn Gaming Corp. and Michael Dreitzer

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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                  SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

	THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT, is made and entered into
as of the 26th day of September, 2002, by and between MIKOHN GAMING CORPORATION
("MIKOHN") and MICHAEL DREITZER ("Employee").

                           W I T N E S S E T H:

	WHEREAS, MIKOHN and Employee deem it to be in their respective best
interests to amend that certain Employment Agreement entered into as of April
26, 1999, between MIKOHN and Employee (the "Agreement").

	NOW, THEREFORE, in consideration of the premises and the mutual promises
and agreements contained herein, it is hereby agreed as follows:

	Section 6(a) of the Agreement and Section 8 of the First Amendment to
Employment Agreement dated January 8, 2002 shall be amended to read as follows:

		In the event Employee is terminated without good cause, (i)
	the vesting date of all options issued to Employee shall accelerate
	to the date of termination; (ii) MIKOHN shall pay to Employee a sum
	equal to Employee's Base Annual Salary as of the date of
	termination, said sum to be payable in twelve (12) monthly
	installments; and (iii) the Covenant Against Competition provided
	in Section 11 shall expire after twelve (12) months.

	IN WITNESS WHEREOF, the parties hereto have read, understood, and
voluntarily executed this Second Amendment to Employment Agreement as of the
day and year first above written.

EMPLOYEE						MIKOHN GAMING CORPORATION


______________________________				By: _______________________
MICHAEL DREITZER
							Its:_______________________






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