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Sample Business Contracts

Employment Agreement - MedStrong International Corp. and Howard Cohn

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.
  • More Employment Agreements

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June 18, 2003

Mr. Howard Cohn
2275 W. 25th Street #61
San Pedro, CA 90732

Re:  VP/Finance and Strategic Planning

Dear Howard,

We are pleased to confirm our offer of employment as Vice President  Finance and
Strategic Planning.  This title includes, of course, the CFO position. Your work
on our behalf over the last two years has been deeply appreciated by all and you
have earned many friends. You will report to Jerry R. Farrar, President and CEO.

We are offering you this position under the following terms and conditions:

     1.       Title as described, three-year employment agreement.

     2.       Effective  date,  July 20,  2003 or 30 days from notice to present
              employer.

     3.       Duties: Finance and Sales and Marketing Support.

     4.       Salary:  Starting $100,000 annually for 120 days with an automatic
              increase to $120,000.

     5.       MIC Stock

              a. Signing  bonus of 350,000  non-qualified  shares of MSRG common
                 stock at a price of $0.001 per share.

              b. Stock grants,  150,000  shares at fair market value to vest for
                 each year, over a three-year  period of service,  equally,  pro
                 ratta,  as of the  last day of each of the  anniversary  years,
                 plus one day.

     6.       Bonus: (To be determined and based on financial results).

     7.       Benefits: Company's current medical and dental insurance plans.

     8.       Vacation:  Four weeks per year,  accruing  at the rate of one week
              per quarter.

     9.       401K Retirement Plan: When such plan is instituted by Company.

     10.      Severance:  From the  signature  date of this offer  letter to the
              conclusion of one year of employment  only, if  termination  is by
              the Company  without cause,  or company  causes  employment to not
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              begin,  Company agrees to provide six (6) months  severance,  paid
              monthly, at the entry salary of $100,000 per year.

Howard,  please review the terms as set forth herein and, if you agree to accept
this offer,  please sign and date one of the copies and return it to me, via fax
to (310)  544-7100,  within  five (5) days of the date of this  letter,  with an
original to follow via mail.

On a personal note, I am looking forward to the tough challenges  directly ahead
and continuing our association, all far away from the 405.

Sincerely,


/S/ Jerry R. Farrar
Jerry R. Farrar
CEO and President


I agree to accept the position as described in this letter.


/S/ Howard Cohn
---------------
Howard Cohn

6/19/03
---------------
Date


cc:  Joel San Antonio
     Ron Glime