Sample Business Contracts

Employment Agreement - Net2Phone Inc. and Bruce D. Shoulson

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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                                   MEMORANDUM

FROM: Stephen Greenberg

TO: Bruce D. Shoulson

RE: Employment Agreement

Dated: December 10, 2002

         This is to confirm that, with the approval the Board of Directors, this
Memorandum shall serve to amend your Employment Agreement dated January 8, 2001
as follows:

         1.       Effective January 1, 2003, your annual base salary shall be
                  increased to $260,000.00.

         2.       In the event of the termination of your employment for any
                  reason, other than cause or your resignation without cause,
                  you and your eligible dependents shall continue to receive all
                  Welfare Benefits provided for in your Employment Agreement
                  until at least August 12, 2005.

         3.       In the event of the termination of your employment for any
                  reason, other than cause or your resignation without cause,
                  the period during which your options shall be exercisable
                  shall be extended until the fourth anniversary date of
                  termination.

         4.       You shall report directly to the Chief Executive Officer of
                  the Company.

         For purposes of this Agreement, your failure to agree to or the
Company's failure to offer the extension of the term of your employment shall
not be deemed to be a termination for "cause" or a "resignation without cause".

         Except as specifically provided for herein, the terms of your
Employment Agreement of January 8, 2001 are hereby ratified and confirmed and
remain in full force and effect.

                                          Net2Phone, Inc.

                                          By: /s/ Stephen M. Greenberg
                                             ------------------------------
                                          Stephen M. Greenberg, CEO

         Agreed:
         /s/ Bruce D. Shoulson
         --------------------------
         Bruce D. Shoulson