Sample Business Contracts

Employment Agreement - SAVVIS Communications Corp. and James Mori

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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September 30, 1999

Mr. James Mori

Dear Jim:

         This  will  confirm  our  agreement  to employ  you as Chief  Operating
Officer of Savvis  Communications.  You will  report  directly to me and will be
based in St. Louis. As COO of Savvis, you will have full  responsibility for all
sales,  marketing,  product  management  and  operations.  You will  assume your
position  as  soon  as  possible,  and in  any  event  prior  to  10/25/99  (the
"Employment Date").

         Your  compensation will consist of a base salary of $200,000 per annum,
plus a discretionary  bonus which will be subjectively  determined based on your
performance  and that of Savvis,  which you can expect  will be no less than 50%
and up to 100% of base salary.

         In addition to your cash  compensation,  you will be awarded options to
purchase  225,000  shares of stock in  Savvis at a strike  price of 50 cents per
share. This option will vest pro rata on each of the first four anniversaries of
the Employment Date.

         You will be entitled to benefits  commensurate  with those available to
Bridge executives of comparable rank (the current package being described in the
benefits  summary  you  have  received),  except  that  in  the  event  of  your
termination  without cause the severance payment will be calculated on the basis
of two months per year of service  rather than two weeks per year.  Also, in the
event of termination  without cause prior to 24 months after the Employment Date
you will receive a severance payment equal to $450,000 and your options will all
vest immediately.  In the event of termination  without cause 24 months or later
from the Employment  Date, if either Savvis is not a public company or Savvis is
a public company and its shares on the date of termination trade at a price less
than $15 per share,  you will receive a severance  payment equal to $450,000 and
your options will all vest  immediately.  For this  purpose  "cause"  shall mean
willful misconduct,  dereliction of duties, or conviction of a felony or a crime
the nature of which would cause your  continued  employment to adversely  affect
the reputation of Savvis or Bridge.

         You may resign your employment with Savvis or Bridge, and be treated as
though you had been  terminated  without cause,  in the event that (1) an entity
other than Bridge  becomes  the holder of more than 30% of the voting  shares of
Savvis; (2) you are instructed to relocate from the St. Louis metropolitan area;
or  (3)  you  are


September 30, 1999
Mr. James Mori
Page 2 of 2

reassigned  to  a  position   entailing   materially reduced responsibilities or
opportunities for compensation.

         In the  event  that your  current  employer  asserts a claim  that your
employment by Savvis  violates the  non-compete  provision of its agreement with
you, then Bridge will (1) indemnify for you for legal expenses arising from your
defense and (2) in the event that your current  employer  succeeds in preventing
your  employment  by Savvis,  employ you in an executive  position  unrelated to
Savvis  for  18  months  on  the  same  economic  terms  described  above.  Such
re-employment by Bridge shall not constitute a termination  triggering any right
to severance payments.

         If you agree  that this  letter  correctly  sets  forth our  agreement,
please sign and return the enclosed  copy of this letter.  With the  formalities
concluded,  I  would  like to  take  this  opportunity  to say  again  that I am
delighted you will be joining us and look forward to working with you.

Sincerely,                                      Accepted and agreed to

/s/  Robert McCormick
Robert McCormick                                By:  /s/ James Mori
Executive Vice President                             --------------
                                                     James Mori