Sample Business Contracts

Employment Agreement [Amendment] - Inc. and Clark C. Westmoreland

Employment Forms

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  • 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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                                 AMENDMENT TO

     This Amendment to an Employment Agreement dated as of March 7, 2001
("Amendment") is made and entered into between, Inc., a Delaware
corporation ("Company") and Clark C. Westmoreland, an individual ("Employee") as
of April 16, 2001.


     A.  Employee and Company entered into that certain Employment Agreement
dated as of March 7, 2001("Employment Agreement").

     B.  Employee and Company want to amend the Employment Agreement on the
terms and conditions set forth in this Amendment.

     C.  Capitalized terms used, but not specifically defined, in this Amendment
have the meaning attributed to them in the Employment Agreement.


     Employee and Company agree as follows:

1.   Change of Control.  Section 7 (Change of Control) of the Employment
     Agreement is deleted in its entirety and replaced with the following:

     "Upon Change of Control, fifty percent (50%) of any unvested shares in the
     Company or any successor company shall vest immediately as of the date of
     notification of the transaction that will result in Change of Control. In
     addition, if termination, demotion, change in primary job duties,
     relocation or reduction of compensation occurs within twelve (12) months of
     a Change of Control, all remaining unvested shares (100%) in the Company or
     any successor company shall vest and become exercisable immediately in
     addition to any compensation and benefits available under paragraphs 4 and
     6. Change of Control is defined as including but not limited to events
     described in the Stock Option Plan as constituting a Change of Control and
     the following: to the sale of all or substantially all of the assets of the
     Company, a change of ownership of 50% of the stock of the Company, a
     merger, acquisition or consolidation of the Company with or into another
     corporation other than a merger, acquisition or consolidation in which the
     holders of more than 50% of the shares of the capital stock of the Company
     outstanding immediately prior to such transaction continue to hold (either
     by the voting securities remaining outstanding or by their being converted
     into voting securities of the surviving entity) more than 50% of the total
     voting power represented by the voting securities of the Company, or such
     surviving entity, outstanding immediately after such transaction, or change
     of the President of the Company."

2.   Effect of Amendment.  Except as specifically modified by this Amendment,
     the Employment Agreement remains in full force and effect, without other
     modification, as


     originally stated. All provisions of the Employment Agreement which are
     inconsistent with this Amendment are superceded by this Amendment.

3.   Execution.  This Amendment shall not be deemed effective until executed and
     delivered by the parties hereto.

                           [signatures on next page]


DATED as of the date first written above.


                                       CLARK C. WESTMORELAND, an individual

                                       By:  /s/ Clark C. Westmoreland
                                           Clark C. Westmoreland


                                       ONVIA.COM, INC., a Delaware corporation

                                       By:  /s/ Michael D. Pickett
                                           Michael D. Pickett, President and CEO