Sample Business Contracts

Employment Agreement - DrugAbuse Sciences SAS and Maryvonne Hiance

Employment Forms

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.
More Employment Agreements

Sponsored Links

[LOGO]

DRUGABUSE SCIENCES, SA
2 rue de Crucy
44 000 Nantes
France

June 9, 1999


Maryvonne Hiance
35 Rue Edison
44000 Nantes


Re:  Employment Agreement


Dear  Maryvonne:


On behalf of DrugAbuse Sciences, I am pleased and delighted to confirm the terms
of your employment with DrugAbuse Sciences, SAS, located 2 rue de Crucy 44000
Nantes. This offer is conditional upon your acceptance of the terms and
conditions of this offer of employment and your execution of the attached
Employee Confidential Information and Inventions Agreement. Effective June 9,
1999, you will be employed as General Manager, in charge of the European
operations, reporting to the President , DAS SA.

Your base salary will be $60,000 per year, payable at the frequency and in
accordance with DrugAbuse Sciences' regularly established payroll policies. All
payments to you will be subject to legally required withholding. It is DrugAbuse
Sciences' policy to review salary and compensation levels periodically.
Accordingly, your base salary and other compensation may be adjusted from time
to time at DrugAbuse Sciences' sole discretion; raises in compensation are not
guaranteed. In addition you will retain the rights to the options already
granted to you as President (From April 8, 1998), subject to the terms agreed by
the Board, subject to continuous employment.

You will also be eligible to participate in the employee benefits collectively
available to our employees. As a regular employee of the Company, you will
accrue annually a total of five weeks vacation and be entitled to the standard
Company holidays.

You will devote your best efforts to the performance of your job for DrugAbuse
Sciences, SAS. While employed at DrugAbuse Sciences SAS, you will not undertake
any other activity requiring your business time and attention, nor will you
support any activity that is competitive with DrugAbuse Sciences' business or
pose a conflict of interest with that business. You will follow all DrugAbuse
Sciences' policies and procedures (including our policies protecting other
employees against discrimination and sexual harassment) as made available to you
from time to time. As a condition of your employment, you will execute DrugAbuse
Sciences' Employee Confidential Information and Inventions Agreement.

<PAGE>

Page 2 of 2


Please sign and return a copy of this letter and the attached Employee
Confidential Information and Inventions Agreement to me, keeping a copy of each
for your records. 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 the Company's CEO. We look forward to you becoming a
member of our team!

Sincerely,

/s/ Philippe Pouletty

Philippe Pouletty
President

I, Maryvonne Hiance, 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/ Maryvonne Hiance                         Date:  June 9, 1999
       --------------------------------                    --------------------