Sample Business Contracts

Employment Agreement - Qwest Communications International Inc. and Brij Khandelwal

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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                                                        JOSEPH P. NACCHIO
                                             President & Chief Executive Officer

September 26, 1997

Brij Khandelwal
7 Ammerman Way
Chester, NJ  07930

Dear Brij:

I am delighted to be able to offer you the position of Executive Vice President
and CIO at Qwest Communications.  This letter is intended to set forth the terms
and conditions of your employment with Qwest.

1.   Your annual base salary will be $225,000.

2.   You will be eligible to participate in Qwest's long-term incentive plan
     (Equity Incentive Plan). Your grant will be 350,000 shares.  The options
     will vest according to the following schedule and the exercise price will
     be the market price on the date of your signing the letter of acceptance.

                             SHARES             VESTING        
                         70,000 Shares      At End of 1 Year      
                         70,000 Shares    At End of 2/nd/ Year    
                         70,000 Shares    At End of 3/rd/ Year    
                         70,000 Shares    At End of 4/th/ Year    
                         70,000 Shares    At End of 5/th/ Year    

3.   You will be eligible to participate in the executive bonus plan which is
     currently under development.  In your case, at the end of the first year of
     your employment, you are entitled to a guaranteed bonus of $112,500.

4.   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 reimbursement of $150,000. Your reimbursement includes any gross up
     necessary to offset any tax impact this reimbursement may
Brij Khandelwal
September 26, 1997
Page 2

     have, however, any gross up would be considered as part of the amount that
     is calculated for determining the maximum reimbursement. See relocation
     agreement enclosed.

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

6.   Paid time off and disability plan information is attached.

7.   This offer of employment is contingent upon your statement that you are not
     subject to any non-compete clause or similar restrictions which would in
     any way prevent you from exerting all your efforts toward the goals and
     objectives of Qwest.

Brij, I would like you to begin work at Qwest at the earliest possible date.

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 letter to me.  If you have any
questions or need more information, I can be reached at 303/291-1410 or feel
free to contact Ray Lee (303-291-1688) who is working with me to help build our
senior management team.



Joseph P. Nacchio
Chief Executive Officer

I accept the above offer:

     /s/                         9/27/97
_______________               _____________ 
Brij Khandelwal               Date