Sample Business Contracts

Employment Agreement [Amendment No. 1] - ARAMARK Corp., ARAMARK Worldwide Corp. and Joseph Neubauer

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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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                    AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
                    ---------------------------------------



     AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (the "Amendment"), made and entered
into this _____, day of ________, 2001, among ARAMARK CORPORATION, a Delaware
corporation ("ARAMARK"), ARAMARK WORLDWIDE CORPORATION, a Delaware corporation
(the "Company"), and Joseph Neubauer ("Mr. Neubauer").

                                   WITNESSETH
                                   ----------

     A.  Pursuant to Section 7(b) of the Agreement, made and entered into on
___________ (the "Agreement"), between ARAMARK and Mr. Neubauer, ARAMARK agreed
to apply to Mr. Neubauer's ISPO's, stock options and shares of common stock, the
terms of the ARAMARK Ownership Program as currently in effect (including the
Amended and Restated Stockholders' Agreement of ARAMARK, dated as of December
14, 1994, and applicable plans and policies) with only such changes, amendments
and modifications as shall not be, individually or in the aggregate, adverse to
Mr. Neubauer and to waive any such changes, amendments and modifications that
are so adverse.

     B.   ARAMARK and the Company entered into a Merger Agreement providing for,
among things, the merger of ARAMARK into the Company and exchange each share of
ARAMARK's currently outstanding common stock for shares of common stock of the
Company (the "Merger").

     C.  As a result of the Merger, the Company will assume all of the
obligations of ARAMARK including the Agreement.

     D.  Immediately following the effectiveness of the Merger, the closing of
an initial public offering of Class B common stock, par value $0.01 per share,
of the Company, will take place (the "IPO").

     E.  In order to facilitate the IPO, ARAMARK and the Company have requested
that Mr. Neubauer agree to enter into the Amendment.

     F.  In order to induce Mr. Neubauer to enter into the Amendment, the
Company has agreed in enter into a registration rights agreement, effective upon
consummation of the Merger, to grant Mr. Neubauer and certain related parties
registration rights as provided therein with respect to the shares of common
stock of the Company held by Mr. Neubauer and such parties after the
consummation of the Merger on the terms and subject to the conditions as set
forth in the registration rights agreement.
<PAGE>

     G.  Capitalized terms used in this Amendment have the meanings given to
them in the Agreement.

      NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

      1.  Amendment:  (a) All references in the Agreement to ARARMARK shall be
deemed to be references to the Company.

                      (b) Section 7(b) of the Agreement is hereby deleted in its
entirety.

      2.  Except as provided in paragraph 1, the Agreement shall continue in
full force and effect.

      3.  This Amendment shall become effective upon consummation of the Merger.


















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<PAGE>

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


                                         JOSEPH NEUBAUER


                                         ______________________________________



                                         ARAMARK CORPORATION


                                         By:___________________________________
                                            Name:
                                            Title:



                                         ARAMARK WORLDWIDE CORPORATION


                                         By:___________________________________
                                            Name:
                                            Title:













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