Sample Business Contracts

Employment Agreement [Amendment] - Inc. and Mardan M. Afrasiabi

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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        This Amendment to Employment Agreement ("Amendment") is made as of April
29, 2002, by and between, Inc., a Delaware corporation (the
"Company") and Mardan M. Afrasiabi ("Executive") and is made in connection with
the following facts:

        WHEREAS: On November ___, 2000, the Company and Executive entered into
an Employment Agreement (the "Agreement").

        WHEREAS: Article 4.5 of the Agreement ("Severance Benefits Upon
Termination"), Subsection (b) provides, among other things, for certain benefits
to be paid to Executive in the event that the Company terminates Executive's
employment without Cause.

        WHEREAS: The Company and Executive now desire to amend Article 4.5,
Subsection (b)1 of the Agreement to increase the period of salary continuation
in the event Executive is terminated by the Company without Cause from six (6)
months to twelve (12) months.

        NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Company and Executive hereby
agree to amend the Agreement as follows:

        1. Defined Terms. All capitalized terms used in this Amendment, unless
defined herein, shall bear the same meaning as defined in the Agreement.

        2. Amendment. Article 4.5, Subsection (b)1 is hereby amended to provide
that in the event Executive's employment is terminated by the Company without
Cause, then the Company shall provide Executive salary continuation in an amount
equal to Executive's then Base Salary for a period of twelve (12) months,
commencing on the Effective Date, said sum to be paid in equal installments at
the times salary payments are usually made by the Company.

        3. No Further Amendment. All other terms and conditions of the Agreement
shall remain unchanged.

        IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.


                                       By: /s/ Ronald Bension
                                               Ronald Bension
                                               Chief Executive Officer

                                       /s/ Mardan M. Afrasiabi
                                       Mardan M. Afrasiabi