Sample Business Contracts

Employment Agreement [Amendment No. 3] - Trump's Castle Associates and Larry J. Mullin

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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                                January 4, 2000

Larry J. Mullin
1108 Lavendar Lane
Absecon, New Jersey 08201

        Re:  Third Amendment of the Agreement dated July 24, 1995
             between Larry J. Mullin and Trump's Castle Associates
             ("TCA") (the "Agreement")
             -------------------------------------------------------

Dear Mr. Mullin:

        This letter will confirm that the Agreement is hereby amended to provide
that you shall be employed by TCA in the capacity of President and Chief
Operating Officer effective as of January 3, 2000. This will also confirm our
agreement to amend the Agreement hereby by amending the Expiration Date to
January 2, 2003.

        As consideration for these amendments, your annual base salary as
stated in Paragraph 3A of the Agreement shall be amended as follows (i) Three
Hundred Fifty Thousand ($350,000.00) Dollars for the calendar year 2000, (ii)
Four Hundred Thousand ($400,000.00) Dollars commencing January 1, 2001 and (iii)
Four Hundred Fifty Thousand ($450,000.00) commencing January 1, 2002. In
addition, the Agreement is also hereby amended to provide that you shall receive
a discretionary bonus based upon the profitability of Trump Marina Casino
Resort.

        Except to the extent modified herein, you and TCA hereby ratify the
Agreement and agree that all other such terms, conditions and obligations
contained therein remain in full force and effect as stated in the Agreement.


                               Very truly yours,


                               /s/ Donald J. Trump
                               ---------------------
                               DONALD J. TRUMP
                               Chairman
                               Trump's Castle Associates

Agreed to this 14th day of
January, 2000

/s/ Larry J. Mullin
---------------------------
LARRY J. MULLIN