Sample Business Contracts

Employment Agreement [Amendment] - THINK New Ideas Inc. and James Grannan

Employment Forms

Employment Contract. 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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                              THINK NEW IDEAS, INC.
                      8000 Sunset Boulevard, Penthouse East
                          Los Angeles, California 90046

                                  July 30, 1997



Mr. James Grannan
Vice President
THINK New Ideas, Inc.
500 Bishop Street, Suite 5A
Atlanta, Georgia  30305

      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 James Grannan (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 the
Period of Employment,  as that term is defined in the Employment  Agreement,  be
and hereby is extended for a period of one (1) year from June 30,  1997,  and is
subject to renewal as specified in the Employment Agreement. In consideration of
the Employee's agreement to extend the Period of Employment as set forth herein,
the Corporation has agreed to grant the Employee a bonus of $15,000 payable upon
Employee's counter-execution hereof.

      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 and 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  effect 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
31st day of July, 1997:                             Very truly yours,

THE EMPLOYEE                                        THINK NEW IDEAS, INC.


By:  /s/ James Grannan                              By: /s/ Scott  A. Mednick
     -------------------------                          ------------------------
      James Grannan                                     Scott A. Mednick
                                                        Chief Executive Officer