Sample Business Contracts

Employment Agreement - Big Entertainment Inc. and Mitchell Rubenstein

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.
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                        EXTENSION AND AMENDMENT AGREEMENT

         THIS EXTENSION AND AMENDMENT AGREEMENT ("Agreement") is entered into as
of the 1st day of July, 1998 by and between Big Entertainment, Inc., a Florida
corporation (the "Company") and Mitchell Rubenstein (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive has served as Chief Executive Officer of the
Company since its inception, and presently serves in this capacity pursuant to a
written Employment Agreement with the Company entered into as of July 1, 1993
(the "Current Employment Agreement"); and

         WHEREAS, the five-year term of the Current Employment Agreement ends
July 1, 1998; and

         WHEREAS, the Executive possesses intimate knowledge of the business and
affairs of the Company, its policies, methods and personnel; and

         WHEREAS, the Board of Directors (the "Board") of the Company recognizes
that the Executive's contribution to the growth and success of the Company has
been and will continue to be substantial and desires to assure the Company of
the Executive's continued employment in an executive capacity and to compensate
Executive therefor; and

         WHEREAS, the Board has determined that entering into this Agreement to
extend and update the Current Employment Agreement will reinforce and encourage
the Executive's continued attention and dedication to the Company; and

         WHEREAS, the Executive is willing to make his services available to the
Company on the terms and conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the premises and mutual covenants
set forth herein, the parties hereby agree as follows:

1.       EXTENSION. The Current Employment Agreement is hereby extended for an
         additional five-year term beginning on the date hereof and ending on
         the fifth anniversary of said date unless sooner terminated pursuant to
         the terms of said Current Employment Agreement.

2.       AMENDMENT TO REFLECT CURRENT BASE SALARY. Section 2.1 of the Current
         Employment Agreement is amended to provide that the "Base Salary" shall
         be $200,000 plus automatic cost of living adjustments made to date and
         subject to further adjustment in accordance with said Section.



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         The parties hereto acknowledge that the other terms of the Current
         Employment Agreement remain in full force and effect.

                  IN WITNESS WHEREOF, the parties hereto have executed and
         delivered this Agreement on the day and year first above written.

                                    COMPANY:

                                    BIG ENTERTAINMENT, INC.,
                                    a Florida corporation
                                
                                    /s/ LAURIE S. SILVERS
                                    -------------------------------------------
                                    By:  Laurie S. Silvers
                                    Title:  President

                                    EXECUTIVE:

                                    /s/ MITCHELL RUBENSTEIN
                                    -------------------------------------------
                                    Mitchell Rubenstein




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