BriteSmile Inc. Contracts
Sample Business Contracts
Employment Agreement - BriteSmile Inc. and Richard Craven
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
[BriteSmile Company Logo] January 25, 1999 Mr. Richard Craven 1110 Armanda Drive Pasadena, California 91103 Dear Richard, It is my pleasure to offer you employment with BriteSmile. The specifics of this offer are detailed below. Title: Vice President, Center Operations. Reporting: This position reports to Linda Oubre, President, BriteSmile Center Division. Responsibilities: Manages all Center operations including recruitment and hiring of all staff, implementation of operating policies and procedures, training, materials management, and quality control. Base Salary: Annual base salary of $132,500. Stock Options: You will be granted options to purchase 110,000 shares of BriteSmile stock based on your performance and according to the following provisions: o Option to purchase shares will be at the market price of BriteSmile stock on the close of business January 19, 1999. o Vesting schedule will be: 20,000 per year at the end of years 1-4. 30,000 at the end of year 5. Benefits: You will receive employee benefits including holidays, vacation, life insurance, and medical and dental insurance according to BriteSmile company policy. Start Date: Your start date will be January 18, 1999. Sole Endeavor: BriteSmile shall be your sole endeavor. Any patents, licenses, or business ideas related to BriteSmile's business generated during the term of your employment will be owned by BriteSmile. At Will Employment: Your employment is considered at will employment which can be terminated at any time. If employment is terminated "without cause" ("cause" is defined as business dishonesty or any conduct involving moral turpitude) then you will be entitled to <PAGE> severance pay according to BriteSmile company policy. Please acknowledge your acceptance of this offer by signing and dating below. Let me know if you have any questions. Sincerely, /s/Linda S. Oubre Linda S. Oubre President, Center Division BriteSmile Accepted /s/ Richard F. Craven Date 2/25/99 ------------------------------------------- ------------------------------- cc: Tony Pilaro Michael Bonner Carol Lewis