Sample Business Contracts

Employment Agreement - MGM Mirage and Aldo Manzini

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

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[MGM MIRAGE LETTERHEAD]

June 19, 2007

Aldo Manzini
Executive Vice President and Chief Administrative Officer
MGM MIRAGE
3600 Las Vegas Boulevard, South
Las Vegas, NV 89109

Dear Aldo:

This will confirm that the Compensation Committee has approved the following amendment to your Employment Agreement dated March 1, 2007 (the "Agreement").

Section 10.5.1 of the Agreement is hereby deleted in its entirety and replaced by the following:

10.5.1 All of your unvested options, SARs or Other Rights, if any, shall become fully vested.

All other provisions of the Agreement shall remain in full force and effect.

If the foregoing is acceptable to you, please sign and return one copy of this letter, whereupon this amendment to the Agreement shall become effective.

Very truly yours,

MGM MIRAGE


By:		/s/ J. Terrence Lanni
		J. Terrence Lanni

Agreed:		/s/ Aldo Manzini
		Aldo Manzini
		June 19, 2007