Sample Business Contracts

Employment Agreement - Trump Taj Mahal Associates and Loretta Viscount

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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May 3, 1996

Ms. Loretta Viscount
One Royal Avenue
Linwood, New Jersey 08221

Re:  Employment by Trump Taj Mahal Associates

Dear Ms. Viscount:

     This letter will set forth the terms of your employment by Trump Taj Mahal
Associates ("TTMA"), the owner and operator of Trump Taj Mahal Casino Resort
("Taj Mahal").  In the event your employment is terminated by TTMA for any
reason other than Cause, TTMA shall, upon the execution of a release agreement,
pay you an amount equal to six (6) months of your then current salary, excluding
bonuses, car allowance or the like.  For purposes of this provision, Cause shall
be defined to mean the following: a breach by you of any employee conduct rule;
the suspension, revocation or expiration of your Casino Control Commission
license or registration; an act of dishonesty; the deliberate and intentional
refusal by you to perform your duties as assigned; illegal drug use or
addiction; your permanent disability if that disability results in your
inability to perform the essential functions of your job despite reasonable
accommodation; or your death.

     You understand that this letter sets forth a specific term of your
employment only and is not an employment agreement.  TTMA and you will always
have an employment at-will relationship which means that either you or TTMA may
choose to end your employment at any time.  Additionally, your employment will
be subject to the terms and conditions of Taj Mahal's Employee Handbook.

     We look forward to having your join the Taj Mahal team.

Very truly yours,

/s/ R. Bruce McKee
------------------

R. Bruce McKee
Senior Vice President, Finance
and Chief Operating Officer
<PAGE>

Ms. Loretta Viscount
Page Two
May 3, 1996

I acknowledge that the foregoing supersedes and terminates all terms and
conditions of that certain letter dated February 14, 1996 from Trump's Castle
Associates ("TCA") wherein TCA agreed to pay me an amount equal to six months
salary in the event I was terminated by TCA without Cause.  I hereby release and
hold TCA harmless from any obligations pursuant to the February 14, 1996 letter.

                                    /s/ Loretta Viscount
                                    --------------------
                                    Loretta Viscount