Sample Business Contracts

Employment Agrement - Berkeley Integrated Technologies Inc. and Anthony Stratakos

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.
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Anthony Stratakos


Dear Mr. Stratakos:

Berkeley Integrated Technologies, Inc. is pleased to offer you the position of
Design Engineer, on the following terms.

You will be responsible for product and technology development. You will work at
our facility located at 2201 Broadway, Oakland, CA. Of course, Berkeley
Integrated Technologies, Inc. may change your position, duties, and work
location from time to time as it deems necessary.

Your compensation will be $6,000 per month, less payroll deductions and all
required withholdings. $3,600 per month of your compensation will be deferred
until September 27, 1997. You will be paid monthly and you will be eligible for
the following standard Company benefits as plans are established by the company:
medical insurance, vacation, sick leave, holidays. Details about these benefit
plans are available for your review. Berkeley Integrated Technologies, Inc. may
modify compensation and benefits from time to time as it deems necessary.

As a Berkeley Integrated Technologies, Inc. employee, you will be expected to
abide by Company rules and regulations, and sign and comply with a Proprietary
Information and Inventions Agreement which prohibits unauthorized use or
disclosure of Berkeley Integrated Technologies, Inc. proprietary information.

Normal working hours are from 9:00 a.m. to 5:00 p.m., Monday through Friday. As
an exempt salaried employee, you will be expected to work additional hours as
required by the nature of your work assignments.

You may terminate your employment with Berkeley Integrated Technologies, Inc. at
any time and for any reason whatsoever simply by notifying Berkeley Integrated
Technologies, Inc. Likewise, Berkeley Integrated Technologies, Inc. may
terminate your employment at any time and for any reason whatsoever, with or
without cause or advance notice. This at-will employment relationship cannot be
changed except in a writing signed by a Company officer.

If the Company terminates your employment without Cause, as defined below, the
vesting of your restricted stock, pursuant to the applicable Restricted Stock
Purchase Plan, which are unvested as of the termination date (the "Restricted
Stock") shall accelerate, and one-half of the stock shall be fully vested on the
termination date. For purposes of this letter, Cause shall mean misconduct,
including: (i) conviction of any felony or any crime involving moral turpitude
or dishonesty; (ii) participation in a fraud or act of dishonesty against the
Company; (iii) breach of the Company's policies; (iv) damage to the Company's
property; (v) breach of your Proprietary Information and Inventions Agreement;
or (vi) conduct which in the good faith and reasonable


determination of the Company demonstrates unacceptable job performance or gross
unfitness to serve. Physical or mental disability shall not constitute Cause.

The employment terms in this letter supersede any other agreements or promises
made to you by anyone, whether oral or written. As required by law, this offer
is subject to satisfactory proof of your right to work in the United States.

Please sign and date this letter, and return it to me if you wish to accept
employment at Berkeley Integrated Technologies, Inc. under the terms described

We look forward to your favorable reply and to a productive and enjoyable work


/s/ Greg Hildebrand

Greg Hildebrand


/s/ Anthony Stratakos

Anthony Stratakos

September 27, 1996