Sample Business Contracts

Employment Agreement - Sun Microsystems Inc. and David Yen

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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November 29, 2004


David Yen

Executive Vice President, Scalable Systems Group

Sun Microsystems, Inc.






Your contributions to Sun Microsystems and your continued leadership in SSG are important to our success. We want to recognize your contributions in a meaningful way. With this, you are being offered the following compensation program:


1. Recognition/Retention bonuses*:


February, 2005

   $ 250,000

February, 2006

   $ 250,000

February, 2007

   $ 250,000

     $ 750,000


2. Stock Options:


Stock Option grant


(Pending BOD approval, grant expected on or by February, 2005.)



This is intended to serve as a tangible indicator of our desire to retain you as a key member of Sun's leadership team. We hope this is agreeable to you, if so, please note by signing below.



/s/ Jonathan Schwartz


/s/ David Yen

Jonathan Schwartz


David Yen

President and Chief Operating Officer


Executive Vice President, Scalable Systems Group

Sun Microsystems, Inc.


Sun Microsystems, Inc.



January 31, 2005




* Note: These bonus payments will be paid in the first payroll cycle of the month and are in addition to your target SMI Bonus of $486,200 per year. They do not become a part of your base salary. Bonuses are in gross amounts and are subject to normal deductions. Each payment is contingent upon your continued employment with Sun to date of payment. While we certainly hope this offer induces you to remain at Sun, we understand that either you or Sun have the right to end the employment relationship at any time and for any reason.


    Personal and Confidential