Sample Business Contracts

Offer Letter - Internet.com LLC and Chris Cardell

Employment Forms

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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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November 24, 1998


To: Chris Cardell
From: Alan Meckler


Subject: Offer of Employment

The following is our offer of employment with internet.com LLC ("the Company"):

1.   Title: President and Chief Operating Officer

2.   Annual base salary: $175,000

3.   Annual salary increases: A minimum 4% increase

4.   Annual stock option grants: 5,000 share range

5.   In the event of your termination due to a change of ownership of the
     Company, you will be entitled to 12 months of severance to be paid in
     monthly installments. This severance will be conditional on your not
     divulging any information, including disparaging comments about the
     Company, its personnel, financial or other proprietary information.

6.   Vacation: Four weeks paid vacation

7.   Other benefits:

          -    401k participation
          -    major medical insurance coverage
          -    major dental insurance coverage
          -    disability insurance etc. commensurate with other Company
               personnel

8.   Immediate supervisor: Chairman and Chief Executive Officer

All terms of this agreement are effective upon the date of your signing


Very truly yours,

/s/ Alan M. Meckler
------------------------------------
Alan M. Meckler
Chairman and Chief Executive Officer
internet.com LLC


Agreed to by:

/s/ Christopher S. Cardell
------------------------------------
Christopher S. Cardell
November 24, 1998