Sample Business Contracts

Employment Agreement [Amendment] - THINK New Ideas Inc. and Ronald Bloom

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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                             THINK NEW IDEAS, INC.
                       8522 National Boulevard, Suite 101
                      Culver City, California  90232-2481

                                October 28, 1996

Mr. Ronald Bloom
THINK New Ideas, Inc.
45 West 36th Street
New York, NY  10036

     Re:  Amendment to Employment Agreement dated June 30, 1996

Dear Jim:
     Reference is hereby made to that certain employment agreement dated as of
June 30, 1996 (the "Employment Agreement") between THINK New Ideas, Inc. (the
"Corporation") and  Ronald Bloom (the "Employee").  This letter is intended to
confirm that, notwithstanding anything else to the contrary set forth in the
Employment Agreement, the Corporation and the Employee hereby agree that Section
4(a) of the Employment Agreement be hereby amended by striking Section 4(a) of
the Employment Agreement thereof and by substituting in lieu thereof the
following new Section 4(a) to read as follows:

     "4(a)  Compensation.  The Company shall pay the Employee compensation equal
to at least One Hundred Twenty-Five Thousand Dollars ($125,000) per annum at a
rate of Ten Thousand Four Hundred Sixteen Dollars and Sixty-seven Cents
$10,416.67 per month (such monthly amount as the same may be increased from time
to time by virtue of the adjustments set forth hereinbelow shall be defined as
the "Monthly Compensation").  Such salary shall be payable in accordance with
the customary payroll practices of the Company."

     Except as otherwise expressly modified hereby or required to effectuate the
modification set forth herein, the Employment Agreement shall remain unchanged
and shall continue in full force an effect pursuant to the terms thereof.

     This letter agreement contains the entire agreement between the Corporation
and the Employee with respect to the modification which is the subject hereof.
This letter agreement may not be amended, changed, modified or discharged, nor
may any provision hereof be waived, except by an instrument in writing executed
by or on behalf of the party against whom enforcement of any amendment, waiver,
change, modification or discharge is sought.  No course of conduct or dealing
shall be construed to modify, amend or otherwise affect any of the provisions
hereof.  Please confirm that the Employee is in agreement with the foregoing,
and that the foregoing is in accordance with your understanding by signing and
returning this letter,  which shall thereupon constitute a binding agreement.

Agreed to and accepted as of this
30th day of October, 1996:                 Very truly yours,
                                           THINK NEW IDEAS, INC.

By:  /s/ Ronald Bloom                      By: /s/ Scott A. Mednick
     ----------------                          --------------------
     Ronald Bloom                                  Scott A. Mednick
                                                   Chief Executive Officer