Sample Business Contracts

Employment Agreement - Qwest Communications International Inc. and Stephen M. Jacobsen

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.
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                                                      JOSEPH P. NACCHIO
                                             President & Chief Executive Officer

March 7, 1997

Stephen M. Jacobsen
4 Bethany
Laguna Miguel, CA  92677

Dear Steve:

I am delighted to be able to offer you the position of Senior Vice President -
Consumer Markets at Qwest Communications.  This letter is intended to set forth
the terms and conditions of your employment with Qwest.  Your annual base salary
will be $185,000.  You will be entitled to participate in Qwest's long-term
incentive plan (The Share Growth Plan).  Your grant will be for 30,000 shares
and the beginning value of the company, as contemplated by the Plan, has been
set at one billion dollars.  A copy of the full plan will be forwarded to you
from Tom Matthews under a separate letter.

Qwest is in the process of establishing an annual bonus plan for senior
executives.  You will be eligible to participate on the same basis as other
senior officers.  In addition, you are entitled to the other benefits described
in the materials included with this letter.

You are also eligible to be reimbursed for all relocation expenses including the
selling and purchasing of a home, household moving, etc. up to a maximum
reimbursement of $150,000.  Your reimbursement includes any gross up necessary
to offset any tax impact this reimbursement may have, however, any gross up
would be considered as part of the amount that is calculated for determining the
maximum reimbursement.

If you are terminated for any reason other than cause, you will be entitled to a
lump sum payment of one year's base salary.

Steve, given my schedule with the road show, I would like to suggest that you
begin at Qwest Monday, March 24.  I plan to be back in Denver on Tuesday, March
25 and will spend the day with you reviewing our consumer business.  However, I
can be flexible with the date if it better meets your needs.

Finally, I am really looking forward to your joining me at Qwest and working
together to make this a great company. If you agree with the above terms and
conditions, please sign below and return this
Stephen M. Jacobsen
March 7, 1997
Page 2

letter to me. If you have any questions or need more information, please let me
know or feel free to contact Tom Matthews (303-670-5040) who is working with me
to help build our senior management team.



Joseph P. Nacchio

I accept the above offer:

     /s/                          3/16/97
___________________           ______________ 
Stephen M. Jacobsen           Date