DrugAbuse Sciences Inc. Contracts
Sample Business Contracts
Employment Agreement - DrugAbuse Sciences Inc. and Elizabeth Greetham
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
[DRUGABUSE SCIENCES, INC. LETTERHEAD] February 4, 2000 Elizabeth Greetham Re: Employment Agreement Dear Liz: On behalf of DrugAbuse Sciences, I am pleased to restate the terms of your employment with DrugAbuse Sciences Inc. Your position with DrugAbuse Sciences, Inc. is Chief Financial Officer and Senior Vice President, Business Development. You report to the CEO. Your position is a full-time position. As sole and overall compensation for your employment over the coming years, you received stock options which were defined by the board of directors on January 13, 2000, which are subject to continuous employment and certain vesting conditions and milestones, as documented in the minutes of the board meeting. Other than these stock options, you will receive no cash or other compensation for your services. Your reasonable business expenses will be reimbursed by the company, according to the company policy. As a condition of your employment, you have executed an Employee Confidential Information and Inventions Agreement. Your employment with DrugAbuse Sciences is "at will"; in other words, either you or DrugAbuse Sciences will have the right to terminate your employment with DrugAbuse Sciences at any time, for any reason, with or without notice and with or without cause, in your or our sole discretion. No severance will apply upon termination. The terms set forth in this letter supersede all prior agreements, understandings and representations between us concerning the subject matter of this letter. Changes to your employment agreement would apply only if in writing and signed by DrugAbuse Sciences Inc. CEO. Sincerely, /s/ Philippe Pouletty Philippe Pouletty, M.D. Chairman and CEO, DAS Inc. <PAGE> I, Elizabeth Greetham, understand and agree to the above terms. I understand that my employment with DrugAbuse Sciences is at will, and I acknowledge that no representations or promises other than those set forth above have been made to me with regard to the terms and conditions of my employment. Signed: /s/ Elizabeth Greetham Date: February 4, 2000 ----------------------