Sample Business Contracts

Employment Agreement - Inc. and Marianne Howatson

Employment Forms

  • Employment Agreement. 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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Ms. Marianne Howatson
100 United Nations Plaza
New York, New York 10017

Dear Marianne,

         We are delighted to welcome you to the ScreamingMedia team. We believe
your background and skills will be a great fit for the company at this crucial
growth stage.

         We offer the following terms for your employment with
ScreamingMedia.Net, Inc. Your salary will be paid at the rate of $180.000 per
year. We will pay you a signing bonus of $70,000 when you accept this offer. The
company agrees to grant you a stock option to purchase 300,000 shares of the
company's Common Stock at an exercise price of $3.60 per share. The option will
vest at the rate of 36 equal monthly installments of 8,333 shares (8.345 for the
36th month). Vesting will continue for so long as you remain an employee of the
company, but will stop if your employment with the company terminates. You will
participate on standard terms in the company medical plan and future benefits as
they become available.

         If this offer is acceptable to you, please sign the attached copy of
this letter in the space provided below. Upon your signature, this letter will
act as our final and complete agreement as to the terms of your employment with
the company, and any prior agreements or understandings with respect to such
terms will be superseded. As part of our standard company policy, we ask that
all new employees sign a confidentiality agreement in the form attached to this

         We look forward to accomplishing great things with you,

                                        Very truly yours,

                                        /s/ Alan S. Ellman
                                        Alan S. Ellman

Accepted and agreed:
Marianne Howatson
/s/ Marianne Howatson