AFC Enterprises Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment No. 1] - AFC Enterprises Inc. and Samuel N. Frankel
Employment Forms
- Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
- Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
- 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.
- 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.
- 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
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT DATED DECEMBER 4, 1995 BETWEEN AFC ENTERPRISES, INC. F/K/A AMERICA'S FAVORITE CHICKEN COMPANY (THE "COMPANY") AND SAMUEL N. FRANKEL ("EMPLOYEE") WHEREAS, the Company and Employee entered into an Employment Agreement dated as of December 4, 1995, (the "Employment Agreement") governing the terms and conditions of Employee's employment with the Company; and WHEREAS, the Company and Employee desire to amend the compensation provision of the Employment Agreement; NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration, the parties agree as follows: 1. Section 3 of the Employment Agreement is hereby deleted in its entirety and the following new Section 3 is inserted in lieu thereof: 3. Base Salary. Beginning on April 1, 1997 and continuing during the term hereof, the Company shall pay Employee, in equal installments no less frequently than monthly, a base salary at the rate of no less than Three Hundred Thousand Dollars (U.S. $300,000.00) per annum. The Employee's base salary shall be reviewed by the Board of Directors of the Company on an annual basis. 2. The Employment Agreement, as amended hereby, is hereby reaffirmed and restated herein by the undersigned, and said Employment Agreement is hereby incorporated herein by reference as fully as if set forth in its entirety in this First Amendment. IN WITNESS WHEREOF, the Company has caused this Amendment to be executed and Employee has hereunto set his hand this 1st day of June 1997, effective as of April 1, 1997. COMPANY: AFC ENTERPRISES, INC. By: /s/ Dick R. Holbrook ------------------------------------ Dick R. Holbrook, President EMPLOYEE: /s/ Samuel N. Frankel --------------------------------- Samuel N. Frankel