Sample Business Contracts

Employment Agreement - Digital Insight Corp. and Robert Surridge

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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                         [DIGITAL INSIGHT LETTERHEAD]

September 28, 2000

Robert Surridge

Sent via email on: 9/28/00

Dear Bob:

Digital Insight is pleased to offer you a position as Senior Vice President,
Lending Division, commencing on a date to be mutually agreed. In this capacity
you will report to John Dorman, President and Chief Executive Officer. You will
be classified as an exempt, full time employee and your starting salary will be
$185,000 per year. You will also participate in a Management Incentive Program
that will allow you to earn up to 50% of your annual salary. This incentive plan
will be pro rated at 25% of the target incentive (50% x 25%=12.5% of your annual
salary) and guaranteed for fiscal year 2000. Pay out will be made by March 15,
2001. On your date of hire, you will be granted a stock option for 75,000 shares
of Digital Insight Common Stock. The option price for the grant will be the fair
market value on your date of hire and the stock options are subject to the terms
and conditions of the stock option plan and standard stock option agreement.
These documents will be provided electronically from our third party
administrator approximately 90 days from the date of hire.

As a condition of your employment with Digital Insight, you will be required to
sign an employee Nondisclosure Agreement and provide proof of eligibility to
work in the United States. Employment is also conditioned upon satisfactory
results on a background investigation.

For clarification and the protection of both you and the company, this letter
represents the sole agreement between you and Digital Insight. It constitutes
and expresses the entire agreement regarding your employment. Any previous
promises, representations or understanding relative to any terms and conditions
are not to be considered as part of this offer unless expressed here in writing.
It is understood that employment is at the mutual consent of the employee and
the company. Accordingly, either the employee or the company can terminate the
employment relationship at will, at any time, with or without cause or advance
notice, and without further obligation.

You will be eligible to receive company benefits enjoyed by all Digital Insight
employees, including paid holidays and paid days off in accordance with the
eligibility terms and conditions of these programs. These programs will be
reviewed with you in detail during your new hire orientation.

To accept this offer, please sign this letter below and return it to me via fax
at (818) 871-0834.

As you know Digital Insight is a growing company with a bright future. I am
delighted to extend this offer to you. We all look forward to having you on
board at Digital Insight.

Best regards,                                    Acceptance:

/s/ Dawn M. Batey
Dawn M. Batey                                    /s/ Robert Surridge
Director of Human Resources                      -----------------------------

                                                 Date: September 28, 2000