Sample Business Contracts

Employment Agreement - THQ Inc. and Fred A. Gysi

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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[THQ LOGO] 5016 N. Parkway Calabasas, Suite 100
            Calabasas, California 91302
            Telephone: 818 591-1310
            Fax: 818 591-1615

October 1, 1997                                                   Via: Facsimile

Mr. Fred A. Gysi
1981 Westridge Road
Los Angeles, CA  90049

Dear Fred:

     It is with pleasure that I offer you the position of Vice President --
Finance and Administration at THQ Inc. As we discussed, I believe you would be
an excellent addition to the THQ management team. If you accept, the terms of
your employment would be as follows:

1.  Annual base salary of $125,000 to be paid on a bi-weekly basis. Reviews are
    held annually.

2.  An annual bonus targeted at 15-35% of your base compensation, the exact
    amount of which will be determined by both your performance and the
    Company's. Payment of the bonus will generally be made during February
    assuming your employment extends through that time; no proration of bonus
    will apply if you are not employed by the Company at the end of the year.

3.  Vacation time of three weeks per year. Eight paid holidays and two personal
    or floating days are also planned each year.

4.  Participation in the Company's Group Health Insurance Plan, which currently
    includes life, medical, dental, and vision coverage in which you will be
    enrolled on the first of the month following your first 30 days of
    employment with the Company. Enrollment is subject to approval from the
    insurance company.

5.  Participation in the Company's 401(k) Plan. Employees are able to defer
    up to 12% of their annual compensation through the plan subject to IRS
    limitations, and the Company currently matches contributions up to 4% of
    eligible compensation.

6.  Participation in the Company's profit-sharing plan, which generally
    provides for annual Company contributions.

<PAGE>   2

7.  An award of 40,000 stock options to be granted by the Board of Directors of
    THQ Inc. These options will vest ratably over the next three years.

    I am looking forward to working with you and having you become a member of
    the team at THQ Inc.

Yours very truly,                       Accepted and agreed this
                                        2nd day of October, 1997

/s/ BRIAN J. FARRELL                    BY: /s/ FRED A. GYSI
---------------------------                 -----------------------
Brian J. Farrell                            Fred A. Gysi
President and
Chief Executive Officer