Sample Business Contracts

Employment Agreement - Interland Inc. and Allen Shulman

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

Sponsored Links

                                                                (Logo Interland)

                                                     303 Peachtree Center Avenue
                                                                       Suite 500
                                                               Atlanta, GA 30303
                                                               www.Interland.com
                                                                  t 800.845.1841
                                                                  f 404.720.3707

September 10, 2002


Allen Shulman
4608 Smoke Rise Lane
Marietta, GA 30062

Re:      Promotion

Dear Allen:

On behalf of Interland, I am pleased to offer you the position of Senior Vice
President and Chief Financial Officer & General Counsel. In this role, you will
report directly to me. When you assume this new role, you will retain
responsibility for both the Legal Department and Corporate Development. This
promotion is effective upon the approval of a Board resolution confirming this
appointment. I expect this to occur on or about October 8, 2002.

The following highlights the essential terms of this promotion:

Your base salary will be $9807.69 per bi-weekly pay period based on an annual
salary of $255,000.00. Subject to the approval of the Board of Directors you
will be granted an option to purchase 100,000 shares of Interland, Inc. stock.
This grant will be effective the date the Board of Directors approves the
aforementioned resolution. In addition, you will be eligible to participate in
Interland's performance based incentive compensation program, where you will
have the opportunity to earn a target incentive of up to forty-five percent
(45%) of the based salary paid to you during the defined performance period.

As we discussed, we will replace your existing six (6) month employment
agreement with a twelve (12) month employment agreement.

As you know, this letter is not a contract of employment. Further, the length
or duration of your employment is not guaranteed. In accordance with our
policies, your employment with Interland is on an "at-will" basis, meaning that
both you and Interland have the right to end your employment at any time, for
any reason, with or without cause or prior notice.

I am very excited about the contributions and impact you will have in this new
role and look forward to working with you as we take Interland to the next
level.

Congratulations,

/s/ Joel Kocher
-------------------
Joel Kocher
Chairman and CEO
Interland, Inc.

I hereby acknowledge receipt of this letter of understanding and accept its
terms.



By: /s/ Allen Shulman                        Date: 9/10/02
   ----------------------------------             -----------
   Allen Shulman