Sample Business Contracts

Employment Agreement [Amendment No. 3] - Trump Taj Mahal Associates and Mark A. Brown

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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December 11, 2002

Mr. Mark A. Brown
[ADDRESS]

Re:

Third Amendment of Employment Agreement dated March 6, 1998, as amended (the “Agreement”)

Dear Mr. Brown:

	This letter will confirm our agreement to further amend the Agreement as follows:

	1.	This amendment shall be effective as of the date hereof and the Expiration Date shall be December 31, 2006.

	2.	In consideration for this Amendment, Paragraph 2.a, as previously amended, is hereby deleted in its entirety and replaced as follows:

		During the term of this Agreement, you shall be paid an annual salary at the rate of One Million Five Hundred Thousand ($1,500,000) Dollars commencing January 1, 2003, payable periodically in accordance with Trump’s regular payroll practices. Said annual salary shall increase to One Million Six Hundred Thousand Dollars ($1,600,000) commencing January 1, 2004, to One Million Seven Hundred Thousand ($1,700,000) Dollars commencing January 1, 2005, and to One Million Eight Hundred Thousand ($1,800,000) Dollars commencing January 1, 2006.

	3.	Paragraph 13 of the Agreement dated March 6, 1998 is reinstated in its entirety.

Except to the extent modified herein, you hereby ratify the Agreement and confirm that all other such terms, conditions and obligations contained therein remain in full force and effect as stated in the Agreement.

		Very truly yours,

		/s/ DONALD J. TRUMP

		DONALD J. TRUMP
		Chairman
		Trump’s Castle Associates
		Trump Taj Mahal Associates
		Trump Plaza Associates
		Trump Indiana, Inc.
DJT/njd

Agreed to this 11^th day of December, 2002

/s/ MARK A. BROWN

MARK A. BROWN