Sample Business Contracts

Employment Agreement - 4Kids Productions Inc. and Norman Grossfeld

Employment Forms

Employment Contract. 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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                            4KIDS PRODUCTIONS, INC.

January 10, 1996

Mr. Norman Grossfeld
7 Westwood Circle
Irvington, New York 10533

Re: Employment With 4Kids Productions

Dear Norman:

Following up on our recent conversations, I would like to set out your new
compensation structure effective January 1, 1996 through December 31, 1997 as
follows:

1. Annual salary of $200,000 to be paid in 24 equal semi-monthly payments. It is
our mutual understanding that you have indicated this salary will be fully
allocated and included in show budgets produced by 4Kids Productions.

2. Annual advance against bonus of $50,000 to be paid along with the annual
salary payments.

3. Bonus paid at 10% of 4Kids Productions pre-tax profits. It is our mutual
understanding that all television and home video produced by 4Kids
Entertainment or affiliates will run through 4Kids Productions.

4. You and your eligible dependents will be entitled to receive all medical and
health care benefits offered to full time employees.

5. You shall be entitled to reimbursement of all of your ordinary and reasonable
business expenses incurred by you.

6. You will also be eligible to participate in the Company's stock option plan.
Any such options granted thereunder are at the discretion of the option
committee of the board of directors.

7. On the termination of your employment, you agree that any projects you have
been working on during the term of this agreement remain the property
exclusively of 4Kids Productions and after termination you will not take any
actions which would adversely affect 4Kids Productions.

Finally, you shall be entitled to three weeks vacation that should be used
during the calendar year since vacation time is not rolled over to the next
succeeding year.

We look forward to a long mutually beneficial business relationship. If ever I
could be of any assistance to you, please do not hesitate to call.

Sincerely,
4Kids Productions, Inc.                      Accepted /s/ Norman Grossfeld
                                                      ------------------------
By: /s/ Alfred R. Kahn CEO                                Norman Grossfeld
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Alfred R. Kahn CEO