Sample Business Contracts

Employment Agreement - Click Interactive Iinc. and Rebecca S. Maskey

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.
  • 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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                              [LOGO APPEARS HERE]

Rebecca S. Maskey                                       September 15, 1999

Dear Becky,

     It is with pleasure that I extend this offer of employment to you on behalf
of Click Interactive, Inc. ("Click"). I am confident that with your skills, hard
work and dedication we can significantly grow the Click business to be the
nation's leading Business-to-Business E-Commerce Company.

     This letter sets forth Click's offer of employment to you on the following

     1.   Position: Senior Vice President, Chief Financial Officer

     2.   Reporting Manager: Bob Markese

     3.   Compensation: $170,000 annual rate, currently being paid equally over
          26 payment periods.

     4.   Bonus: You will be eligible to earn a bonus of an additional 25% of
          your annual income based upon your performance to objectives and goals
          that will be set within your first thirty (30) days of employment.

     5.   Severance: In the event you are terminated without cause during the
          first twelve (12) months of your employment, you will be entitled to a
          one-time severance payout in the amount of $42,500. If you are
          terminated without cause subsequent to your 12-month anniversary, you
          will be entitled to a one-time severance payout equal to twelve (12)
          months of your then current base salary.

     6.   Stock Options: Subject to approval by the Board of Directors and your
          execution of a Stock Option Agreement, you will be granted options to
          purchase an aggregate of 180,000 shares of common stock at an exercise
          price to be set by the Board of Directors. The options will vest on a
          pro-rata basis over a four (4) year term and will provide for
          accelerated vesting upon a "Change of Control" as defined in the
          Company's Stock Option Plan.

     7.   Employment Start Date: September 27, 1999

     8.   Benefits Summary: You will become eligible for the benefits set forth
          below after successful completion of a thirty (30) day probationary

          -   Medical & Dental Insurance - see policy for plan details
          -   $50,000 of life insurance
          -   Three (3) weeks vacation prorated to your start date
          -   401K (after 6 months of employment) - see policy for plan details

     9.   Contingencies: This offer is contingent upon your signing of an
          Employee Confidentiality Agreement. Click reserves the right to
          withdraw this employment offer if not accepted by you within thirty
          (30) calendar days of commencement of your consulting engagement or if

Click Interactive - 919 North Michigan Avenue - Chicago, IL 60611
312.482.9006 phone . 312.482.8557 fax .

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                              [LOGO APPEARS HERE]

          cannot verify any representations made by you (education, experience,
          prior employment).

     10.  Employment at Will: This offer of employment does not constitute an
          employment agreement, but sets forth the general terms upon which you
          will be offered employment by Click. Your employment will be "at-will"
          and both Click and you retain the right to terminate the employment
          relationship at any time without cause.

     11.  No Restrictions: By executing this offer, you warrant that you are not
          under any other employment obligations and are not contractually
          prohibited or precluded from accepting an employment offer from Click.

          I want to welcome you to Click and tell you how excited I am for the
growth possibilities that we have at Click. If the above terms are satisfactory,
please sign on the acceptance line and fax it back to my office. If you have any
questions regarding this offer please contact me at (312) 482-9006.

          The undersigned agrees that no representations, warranties, conditions
or agreements, oral or written, express or implied, have been made except as
expressly provided herein. This offer contains the entire terms and conditions
of employment by Click and supersedes and cancels any and all prior or
contemporaneous oral or written understandings, negotiations and agreements.


/s/ Rebecca S. Maskey  9/15/99                  /s/ Bob Markese
------------------------------                  ---------------
Employee                Date                     Bob Markese
                                                 Executive Vice President

Click Interactive - 919 North Michigan Avenue - Chicago, IL 60611
312.482.9006 phone . 312.482.8557 fax .

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