Sample Business Contracts

Employment Agreement - Playboy Enterprises Inc. and Tony Lynn

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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[LOGO] PLAYBOY ENTERPRISES, INC.                     INTEROFFICE CORRESPONDENCE
       DATE:     September 12, 1994
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       TO:       Tony Lynn
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       FROM:     Christie Hefner
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       SUBJECT:  Employment Agreement
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Tony, this will confirm our agreement to amend your employment agreement dated
May 21, 1992 as follows:

1.   The Employment Term will be extended for one additional year (through
     June 30, 1997).

2.   Your Basic Compensation for the additional year will be $525,000.

3.   The Profits Base on which your Contingent Compensation will be computed
     will be $2.35 million.

4.   If your employment is terminated by the Company without cause at any time
     after July 1, 1994, then the amount payable to you under Paragraph
     12.D.(iii) of your Employment Agreement on account of such termination
     shall be a lump sum amount equal to the greater of: (x) if the effective
     date of such termination is prior to June 30, 1995, the aggregate amount of
     the annual Basic Compensation otherwise payable to you under your
     Employment Agreement for the period between the effective date of such
     termination and July 1, 1996; or (y) if the effective date of such
     termination is after June 30, 1995 and prior to June 30, 1996, the
     aggregate amount of the annual Basic Compensation otherwise payable to you
     under your Employment Agreement for the 12-month period beginning on the
     first day of the calendar month next following such effective date of such
     termination; or (z) if the effective date of such termination is after June
     30, 1996, the aggregate amount of $525,000.

Except as modified above, all of the other terms and conditions of your
agreement will remain as is.

If this is acceptable to you, please sign, date and return the enclosed copy of
this memo.

     ACCEPTED AND AGREED TO:

       /s/ Anthony J. Lynn
     -----------------------
     Anthony J. Lynn

     Date September 15, 1994
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