Sample Business Contracts

Employment Agreement - Ladenburg Thalmann Financial Services Inc. and Victor M. Rivas

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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                                      October 10, 2002

Ladenburg Thalmann Financial Services Inc.
Ladenburg Thalmann & Co. Inc.
590 Madison Avenue, 34th Floor
New York, New York  10022

                                      RE:  EMPLOYMENT AGREEMENT

Gentlemen:

         Reference is made to my Employment Agreement (the "Agreement"), dated
as of February 8, 2001, with Ladenburg Thalmann & Co. Inc. In light of the
current financial condition of Ladenburg Thalmann Financial Services Inc.
("LTS") and its subsidiaries, I hereby waive, for the period September 1, 2002
to December 31, 2002, my participation in LTS's Special Performance Incentive
Plan (the "Plan") and any payments due to me under the Plan for such period. In
addition, I also agree that, for the period January 1, 2002 to August 31, 2002,
$400,000 of my Guaranteed Bonus (as defined in the Agreement) shall be credited
on a pro rata basis ($266,667) against any amounts due to me under the Plan.

                                            Sincerely,

                                            /s/ Victor M. Rivas

                                            Victor M. Rivas

Acknowledged and agreed this
10th day of October, 2002

Ladenburg Thalmann Financial Services Inc.


By:  /s/ VICTOR M. RIVAS
     ---------------------------------
Ladenburg Thalmann & Co. Inc.


By:  /s/ VICTOR M. RIVAS
     ---------------------------------