printer-friendly
Sample Business Contracts
Offer Letter - Acxiom Corp. and Shawn M. Donovan
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.
- More Employment Agreements
May 19, 2008
Shawn M. Donovan
6003 Haley Way
Frisco, TX 75034
Dear Shawn:
I am very pleased that your have accepted the position of Global Sales Leader for Acxiom. I am confident that the sales team and the company will benefit from your experience and leadership. The purpose of this letter is to inform you of two enhancements that have been added to your compensation package.
The specific enhancements are outlined below:
|
·
|
For the FY09 plan year Acxiom guarantees to pay you 50% of the non-prorated total annualized cash incentive opportunity of $227,500 which equals $113,750 less state and federal taxes. This payment will be made within the normal plan payment cycle which is anticipated to occur in May 2009.
|
|
·
|
You will receive a total signing bonus of $50,000 less state and federal taxes, in accordance with the attached Agreement to Pay Signing Bonus (Attachment A). This bonus will be paid on May 30, 2008, provided the attached Agreement A had been timely executed and received by Acxiom.
|
|
·
|
All commission and bonuses are subject to pay plan terms and conditions including employment on the date of payout.
|
I hope that you will find these enhancements to be welcomed features to your total compensation package. Please let me know what questions you may have. Again, we are pleased that you have joined the Acxiom team.
Sincerely,
/s/ John Meyer
John Meyer
CEO and President
Acxiom Corporation