Sample Business Contracts

Employment Agreement - THINK New Ideas Inc. and Larry Kopald

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.
                         45 WEST 36TH STREET, 12TH FLOOR
                            NEW YORK, NEW YORK 10018

                                  May 24, 1999


                                                             VIA FEDERAL EXPRESS

Mr. Larry Kopald
1161 Amherst
Unit 304
Los Angeles, CA 90049


Re:      Employment Agreement of June 30, 1996 (the "Employment Agreement")

Dear Larry:

      This is to confirm to you that THINK New Ideas,  Inc. (the  "Company") has
agreed to renew your  employment  with the Company for a period of one year (the
"Extension  Period")  commencing  upon  expiration  of the current  term of your
employment at the close of business on May 31, 1999. Your annual salary shall be
$350,000  (representing  Monthly  Compensation,  as  defined  in the  Employment
Agreement,  of  $29,167).  The the  Company  has  further  agreed that you shall
continue to be a member of executive  management,  with such title and any other
form  of  compensation  as may  be  determined  by  management.  The  Employment
Agreement shall remain in effect for the Extension Period  unmodified  except as
specifically set forth herein.

      Your service and contribution to the Company is sincerely appreciated.

                                                   Very truly yours,

                                                   /s/ Kenneth Orton

                                                   Kenneth Orton on behalf
                                                   of the Compensation Committee

cc: Mr. Ronald Bloom
    Mr. Melvin Epstein
    Cindi Lefari, Esq.
    Victoria A. Baylin, Esq.