CMGI Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment No. 3] - CMGI Inc. and David S. Wetherell
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
CMGI, INC. AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT August 3, 2001 Mr. David S. Wetherell CMGI, Inc. 100 Brickstone Square Andover, MA 01810 Dear Dave: This Amendment No. 3 to Employment Agreement amends the Employment Agreement between you and CMGI, Inc. (the "Company"), dated as of November 9, 1993, as amended (the "Employment Agreement"). In consideration of the premises herein contained and other good and valuable consideration, you and the Company agree as follows: 1. Amendment of Employment Agreement. Section 3A of the Employment --------------------------------- Agreement is hereby deleted in its entirety and replaced with following which is effective as of August 1, 2001: "3A. Base Salary. As compensation for your services, the Company shall pay ----------- to you a Base Salary at the annual rate of $1.00 plus such amounts as are determined by the Board (or the Human Resources and Compensation Committee thereof) as necessary to cover your Medicare, auto lease, medical, dental, vision and similar deductions, plus such additional amounts as may be determined from time to time by the Board (or the Human Resources and Compensation Committee thereof) in its sole discretion and designated as increases in Base Salary. Any such increase in Base Salary may not be subsequently reduced or eliminated without your consent, except as part of a general reduction of executive salaries." 2. Continuing Effect of Employment Agreement. Except as amended hereby, ----------------------------------------- the Employment Agreement shall remain in full force and effect. * * * * * <PAGE> IN WITNESS WHEREOF, you and the Company have caused this Agreement to be executed as of the date set forth above. CMGI, INC. By: /s/ Jeffrey Yanagi ------------------ Name: Jeffrey Yanagi Title: EVP HR ACCEPTED AND AGREED TO: /s/ David S. Wetherell ---------------------- David S. Wetherell