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Sample Business Contracts

Employment Agreement - Ritz Interactive Inc. and Peter Tahmin

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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[Ritz Interactive Logo]

 

August 1, 2005
     Re: Employment Terms
Dear Mr. Tahmin:
     You have been employed by Ritz Interactive, Inc. (formerly known as phobo.com, Inc.) (the "Company") since April 1, 1999. The purpose of this letter is to confirm your current status, position and terms of employment.
     Your position with the Company is Vice President, Chief Operating Officer and Assistant Secretary, working out of our Irvine, California office. In this position, you report to the Company's President and Executive Vice President and perform such duties as assigned from time to time.
     Your base salary is $210,832 per year, paid in twenty-six (26) bi-weekly installments of $8,108.92. In addition you are eligible for an annual discretionary bonus, the amount of which, if any, will be determined by the Company's Board of Directors based upon a combination of Company and personal performance. You are eligible to participate in all employee welfare and benefit plans offered from time to time to peer employees of the Company, and you are eligible for three weeks of paid vacation per year. You also shall receive a monthly car allowance of $8,400 per year, paid in twenty-six (26) bi-weekly installments of $323.08.
     Like all employees of the Company, you have been and will be expected to comply with the rules, procedures, and policies of the Company as distributed to employees from time to time. Employment with the Company is on an at-will basis. This means that either you or the Company may terminate your employment at any time, for any reason, with or without cause. The at-will nature of your employment cannot be modified except by written agreement signed by the Company's President.
     During your employment with the Company, you may have or have had access to confidential and proprietary information of the Company. You have signed the Company's standard confidentiality agreement, a copy of which is enclosed.



2010 Main Street, Suite 400, Irvine, CA 92614 T 949.442.0203 F 949.255.1560
 
RitzCamera.com Photography.com BoatersWorld.com FishingOnly.com BoatingOnly.com

 


 
[Ritz Interactive Logo]

 

     Please confirm the accuracy of the above matters by signing in the space provided below.
         
  Very truly yours,

/s/ Fred H. Lerner

Fred H. Lerner
President and Chief Executive Officer
 
 
     
     
     
 
Enclosure
I (1) agree to the items stated in this letter and (2) acknowledge that no representations or promises have been made to me regarding my employment with the Company other than as set forth in this letter:
         
/s/ Peter Tahmin
  Date   9/7/05  
 
       
Peter Tahmin
       



2010 Main Street, Suite 400, Irvine, CA 92614 T 949.442.0203 F 949.255.1560
 
RitzCamera.com Photography.com BoatersWorld.com FishingOnly.com BoatingOnly.com

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