Sample Business Contracts

Employment Agreement - Roxio Inc. and R. Elliot Carpenter

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

Sponsored Links

May 11, 2001

R. Elliot Carpenter
5820 Firestone Court
San Jose, CA  95138

Dear Elliot:

On behalf of Roxio, Inc., I am pleased to confirm your position as Vice
President of Finance for the Company. Your initial salary will be $14,583.33 per
month ($175,000 annualized). You will also receive an automobile allowance of
$650 per month.

In addition, you have been granted an option to purchase 92,500 shares of Roxio
stock in accordance with the Roxio 2000 Employee Stock Plans. The strike price
of the Roxio stock options will be $8.50. Your option to purchase 67,221 shares
will vest 25% on the one-year anniversary of September 21, 2001, and 6.25%
quarterly thereafter, to be fully vested at the end of four years. Vesting
schedules for your option to purchase 25,278 shares will vary, with more
information forthcoming.

This offer is contingent upon compliance with the Immigration Reform Control Act
of 1986 (IRCA). You should understand that this offer does not constitute a
contract of employment for any specified period of time but will create an
"employment at will" relationship.

Please sign this letter, indicating acceptance of this offer, and return to me.
Also, please review and complete the enclosed forms.

Elliot, we are pleased to have you as a member of the Roxio team and are
confident you will continue to make a major contribution to our success.


/s/ Richard Loupee

Richard Loupee
Director, Human Resources- Roxio, Inc.

                                   Accepted:  /s/ R. Elliot Carpenter
                                                  R. Elliot Carpenter