Sample Business Contracts

Employment Agreement - CBT Group PLC and Bill Lewis

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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To:  Bill Lewis

From:  Bill McCabe

Date:  August 12, 1996

Re:  Vice President, North American Sales Position

     As we have discussed, this letter sets forth the terms on which you are
offered the position of Vice President, North American Sales of CBT Group plc.

     1.  Your annual compensation package will be as follows:

         Base Salary:                        $100,000
         Commission @ 100% of target:        $110,000
         Total Bonus Opportunity:            $ 80,000
         Car allowance (12 x $600)           $  7,200

             Total                           $297,200

     2.  In connection with your relocation, you will also receive:

         $2,500 per month as a housing allowance for as long as you are
         employed as Vice President of North American Sales

         All reasonable and customary costs actually incurred by you for (i)
         selling your home in Atlanta, including real estate commission and
         closing costs that are customarily paid by seller; (ii) points
         incurred in the purchase of your new home (up to 1.5 points on the
         amount financed) and other closing costs that are customarily paid by
         buyer; (iii) costs of moving to the Bay Area, including the costs of
         the movers (including packing and unpacking); and (iv) temporary (not
         more than six months) living expenses in the Bay Area before the move.

         A non-accountable allowance for incidental expenses of $5,000.

         At CBT's election, either (i) the items in this section 2 will be
         structured so that they can be received by you without increasing your
         taxable income, or (ii) you will be grossed up to account for the
         income tax effect.

     3.  You will commence your duties as Vice President, North American Sales
         in September 1996 (as well as performing your current duties for the
         rest of the year). During the fourth quarter, you will be paid based on
         your current (regional VP) package. In addition, you will receive a
         bonus equal to one-half of the commissions you earn under your current
         (regional VP) package for sales in the southern region.

     4.  In the event that you are terminated by CBT without cause within one
         year of the you take over your responsibilities in the Bay Area, your
         expenses of moving back to Atlanta will be paid by CBT.

     I am very excited about the prospect of your helping CBT move to the next
phase of its growth and development.  If you are in agreement with the above,
please so indicate by signing below.

Very truly yours,

William G. McCabe
Chairman and Chief Executive Officer

                                            Accepted and agreed:

                                            Bill Lewis