Sample Business Contracts

Employment Agreement - uDate.com Inc. and Martin Clifford

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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[uDate.com Letterhead ]

Martin Clifford
Chief Operating Officer
Udate.com Limited
New Enterprise House
St. Helens St
Derby DE1 3GY

January 3, 2002

Dear Martin

TERMS OF EMPLOYMENT

It has come to the attention of uDate.com, Inc., a Delaware corporation (“uDate”), that the way in which “the Company” is defined within your Terms of Employment and Variation Agreement dated 13 July 2001, may not clearly reflect the parties intentions at the time the document was signed.

In order to clarify this and to enable uDate to deliver the recommendations of the Compensation Committee of uDate’s Board of Directors, as set forth in the minutes of 28 June 2001, I write to confirm the definition that was intended.

The words “the Company” contained within both Agreements are to be interpreted so as to mean “the Company and/or the Parent Company”.

The words “Parent Company” will mean uDate.com, Inc., a Delaware corporation, and the word “Company” will mean uDate.com Limited.

For the avoidance of any further doubt, the definition contained within the aforementioned Terms of Employment and Variation Agreement relating to “Transfer of Controlling Interest” is hereby amended and restated to read in its entirety as follows:

“ (i) the sale of or grant of a right to acquire or dispose of or any other transfer of (whether by a single transaction or a series of transactions) a Controlling Interest, (ii) a merger or consolidation in which the Parent Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Parent Company is incorporated, or (iii) any reverse merger in which the Parent Company is the surviving entity but in which securities possessing more than fifty percent (50%) of the total combined voting power of the Parent Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger.”

This letter amends the Contract of Employment, dated 9 May 2000, and the Terms of Employment and Variation Agreement, dated 13 July 2001, which agreements, except as amended as set forth above, remain in full force and effect.


Yours sincerely

UDATE.COM, INC		UDATE.COM LIMITED

/s/ Melvyn Morris		/s/ Melvyn Morris

Mel Morris President and Chief Executive Officer		Mel Morris Director

I understand and accept the variations to the definitions contained in the Service Agreement and letter of variation thereof set out in this letter.


Signed		/s/ Martin R. Clifford

Dated:		Jan. 3 2002