Sample Business Contracts

Employment Agreement [Amendment No. 2] - Mikohn Gaming Corp. and Olaf Vancura

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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                     SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

	THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT, is made and entered into
as of the 8th day of January 2003, by and between MIKOHN GAMING CORPORATION
("MIKOHN") and OLAF VANCURA ("Employee").

	                      W I T N E S S E T H:

	WHEREAS, MIKOHN and Employee deem it to be in their respective best
interests to amend that certain Employment Agreement entered into as of August
31, 1998, as amended, between MIKOHN and Employee (the "Agreement").

	NOW, THEREFORE, in consideration of the premises and the mutual promises
and agreements contained herein, it is hereby agreed as follows:

	1.	The following provision shall be added to the Agreement as Section
        6.11:

	Any other provision in this Agreement to the contrary
        notwithstanding, in the event Employee is terminated without cause,
        all stock options granted to Employee shall remain in full force
        and effect.

	2.	The following provision shall be added to the Agreement as
        Section 11.6:

	Any other provision in this Agreement to the contrary
        notwithstanding, in the event Employee is terminated without cause
        after any change in ownership of MIKOHN, the provisions in this
        Section 11 shall not apply and shall have no force or effect.  For
        purposes of this Agreement, "change in ownership" means: (1) a
        merger or consolidation where MIKOHN is not the surviving
        corporation, (2) a transfer of all or substantially all of the
        assets of MIKOHN, or (3) a voluntary or involuntary dissolution of
        MIKOHN.

	IN WITNESS WHEREOF, the parties hereto have read, understood, and
voluntarily executed this Second Amendment to Employment Agreement as of the
day and year first above written.

EMPLOYEE						MIKOHN GAMING CORPORATION


______________________________			        By:__________________________
OLAF VANCURA
							Title:_______________________

Date:________________________			        Date:________________________