printer-friendly

Sample Business Contracts

Employment Agreement - The Corporate Executive Board Co. and James J. McGonigle

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

              [THE CORPORATE EXECUTIVE BOARD COMPANY LETTERHEAD]


December 28, 1998

Mr. James J. McGonigle
Chief Executive Officer
The Corporate Executive Board Company
The Watergate, 8th Floor
600 New Hampshire Avenue, N.W.
Washington, D.C.  20037

Dear Jay:

This letter sets forth the terms of the special 1998 bonus, as we have agreed,
effective today.  They are as follows:

     . $100,000 bonus to each of the 24 most senior people in the Corporate
       Executive Board Company.  See attached list.

     . Payable the earlier of the date of an initial public offering or December
       31, 1999.

     . If paid at the date of an initial public offering, payable 60% in stock,
       40% in cash. Consistent with our Underwriters' lock-up agreement, stock
       granted must be held by participants for at least six months.
       Participants receiving stock will be required to execute any documents
       reasonably required by the Company.

     . If not paid in conjunction with an initial public offering, then payable
       100% in cash.

     . No employment requirements or other conditions imposed on participants
       other than those set forth herein.

Please review these terms and indicate your acceptance below.

Sincerely,
/s/ David G. Bradley
David G. Bradley

/s/ James J. McGonigle
--------------------------------------
James J. McGonigle, CEO              
                                     
/s/ Rusty Siebert                    
--------------------------------------
Rusty Siebert, Chairman              
                                     
/s/ David G. Bradley                 
--------------------------------------
David G. Bradley, Stockholder
<PAGE>

Participants
------------

1998 Corporate Executive Board Special Bonus Award
--------------------------------------------------

Amoruso, P.
Baker, J.
Buer, P.
Capoor, V.
Chang, S.
DeConti, C.
Freire, P.
Gess, J.
Giammo, L.
Kostoff, M.
Lauer, P.
McGonigle, J.
McKinnon, W.
Miller, C.
Monahan, T.
Olson, M.
Smith, E.
Sorkin, J.
Stauch, U.
Sweeney, J.
Van Bever, D.
Walinsky, C.
Ward, P.
Winslow, S.