Sample Business Contracts

Employment Agreement [Amendment No. 1] - Redhook Ale Brewery Inc. and Paul S. Shipman

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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                                 FIRST AMENDMENT


                              EMPLOYMENT AGREEMENT

        THIS FIRST AMENDMENT (this "Amendment") to the Employment Agreement
dated October 18, 1994 (the "Agreement"), between Redhook Ale Brewery,
Incorporated ("Employer") and Paul Shipman ("Employee"), is made effective as of
the date this Amendment has been signed by the Employer and the Employee.
Capitalized terms used but not defined in this Amendment will have the meanings
given those terms in the Agreement.

        1.      Section 7(d) of the Agreement is amended to read as follows in
its entirety:

        d. Restriction on Stock Transfers. Employee shall continuously maintain
ownership of a minimum of two hundred fifty thousand (250,000) shares of
Employer's common stock until the earlier of (i) two (2) years following the
termination of this Agreement, or (ii) September 30, 2001. The number of
restricted shares shall be counted by assuming any stock split, stock dividend,
combination, recapitalization, reclassification or other change in the terms of
common stock occurring after the effective date of this Agreement had not

                2.      Except as amended hereby, the Agreement shall remain in
full force and effect.

                3.      This Amendment may be executed in more than one
counterpart, by facsimile signature, each counterpart deemed an original
instrument and such counterparts in the aggregate constituting one and the same

        IN WITNESS WHEREOF, the undersigned have executed this First Amendment,
pursuant to Section 12(b) of the Agreement.


Date:  May 6, 1999                      By: /s/ BRADLEY A. BERG
                                                Bradley A. Berg

                                        Its: Executive Vice President


Date:  May 6, 1999                      By: /s/ PAUL S. SHIPMAN
                                                Paul S. Shipman