Sample Business Contracts

Employment Agreement [Amendment No. 1] - BUCA Inc. and Joseph P. Micatrotto

Employment Forms

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  • 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 AMENDED AND
                          RESTATED EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made as of the 20th day of September, 2000 (the
"Amendment") by and between BUCA, Inc., a Minnesota corporation (the "Company"),
and Joseph P. Micatrotto (the "Employee").

         WHEREAS, the Company and Employee entered into an Amended and Restated
Employment Agreement dated as of February 17, 1999 (as amended to the date
hereof, the "Employment Agreement"); and

         WHEREAS, the Company and Employee desire to make certain modifications
to the Employment Agreement.

         NOW THEREFORE, in consideration of the premises and the terms and
conditions hereinafter set forth, the parties hereto agree as follows:

         1. Section 1 of the Employment Agreement is hereby amended by replacing
the date "December 31, 2003" with the date "December 31, 2004."

         2. Section 3 of the Employment Agreement is hereby amended by deleting,
in its entirety, the table contained in such Section and replacing it with the

                        Period                             Annual Salary
                        ------                             -------------
         January 1, 2000 to December 31, 2000                $335,000
         January 1, 2001 to December 31, 2001                $375,000
         January 1, 2002 to December 31, 2002                $400,000
         January 1, 2003 to December 31, 2003                $425,000
         January 1, 2004 to December 31, 2004                $450,000

         3. Section 4 of the Employment Agreement is hereby amended by deleting,
in their entirety, the second and third sentences of such Section, and replacing
them with the following one sentence: "For the years ended December 31, 2000,
2001, 2002, 2003 and 2004, the maximum percentage of such incentive compensation
shall be 35%, 35%, 40%, 45% and 50%, respectively."

         4. Section 10 of the Employment Agreement is hereby amended by deleting
the phrases (i) "any options granted under this Agreement (including those
granted as of the date hereof and those previously granted prior to this
amendment and restatement) and remaining outstanding" from the second paragraph
of such Section, (ii) "all stock options previously granted to Employee under
this Agreement" and "the stock options previously

granted to Employee under this Agreement" from the third paragraph of such
Section and (iii) "the options previously granted under this Agreement" in the
fourth paragraph of such Section and replacing them, in each instance, with the
following phrase: "notwithstanding any contrary provision contained in any stock
option agreement relating thereto, any options to purchase common stock of the
Company then held by Employee (and which were granted thereto by the Company)".

         5. Except as is explicitly inconsistent, modified, supplemented or
amended by the express terms hereof, the Employment Agreement shall remain in
full force and effect.

         6. This Amendment No. 1 to the Employment Agreement shall be governed
by and construed under the laws of the State of Minnesota applied to agreements
made and to be performed in the State of Minnesota without regard to the
conflict of laws principles thereof. This Amendment may be executed in
counterparts, each of which shall be deemed an original, but each of which
together shall constitute one and the same instrument.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of the
day and year first above written.

                                        BUCA, INC.

                                        By /s/ Greg A. Gadel
                                           Its Chief Financial Officer

                                        /s/ Joseph P. Micatrotto
                                        Joseph P. Micatrotto