Sample Business Contracts

Employment Agreement - DrugAbuse Sciences Inc. and Elizabeth Greetham

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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February 4, 2000

Elizabeth Greetham                                     Re: Employment Agreement

Dear Liz:

On behalf of DrugAbuse Sciences, I am pleased to restate the terms of your
employment with DrugAbuse Sciences Inc. Your position with DrugAbuse
Sciences, Inc. is Chief Financial Officer and Senior Vice President, Business
Development. You report to the CEO. Your position is a full-time position.

As sole and overall compensation for your employment over the coming years,
you received stock options which were defined by the board of directors on
January 13, 2000, which are subject to continuous employment and certain
vesting conditions and milestones, as documented in the minutes of the board
meeting. Other than these stock options, you will receive no cash or other
compensation for your services.

Your reasonable business expenses will be reimbursed by the company,
according to the company policy. As a condition of your employment, you have
executed an Employee Confidential Information and Inventions Agreement.

Your employment with DrugAbuse Sciences is "at will"; in other words, either
you or DrugAbuse Sciences will have the right to terminate your employment
with DrugAbuse Sciences at any time, for any reason, with or without notice
and with or without cause, in your or our sole discretion. No severance will
apply upon termination.

The terms set forth in this letter supersede all prior agreements,
understandings and representations between us concerning the subject matter
of this letter. Changes to your employment agreement would apply only if in
writing and signed by DrugAbuse Sciences Inc. CEO.


/s/ Philippe Pouletty

Philippe Pouletty, M.D.
Chairman and CEO, DAS Inc.


I, Elizabeth Greetham, understand and agree to the above terms. I understand
that my employment with DrugAbuse Sciences is at will, and I acknowledge that
no representations or promises other than those set forth above have been
made to me with regard to the terms and conditions of my employment.

Signed: /s/ Elizabeth Greetham                          Date: February 4, 2000