Sample Business Contracts

Offer Letter - LLC and Chris Cardell

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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November 24, 1998

To: Chris Cardell
From: Alan Meckler

Subject: Offer of Employment

The following is our offer of employment with 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

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 LLC

Agreed to by:

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