eResearchTechnology Inc. Contracts
Sample Business Contracts
Employment Agreement - PRWW Ltd. and Joel Morganroth
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
March 1, 2001 Joel Morganroth, M.D. PRWW, Ltd. 30 S. 17th Street Philadelphia, PA 19103 Dear Joel: This will confirm that you and PRWW, Ltd. (together with its affiliates, "PRWW") have agreed as follows: 1. By mutual agreement, both the Management Employment Agreement between you and PRWW date September 7, 1999 (the "Employment Agreement") and your employment with PRWW have terminated effective March 1, 2001, without liability to any party. 2. From and after March 1, 2001 you will not be eligible to participate in any PRWW employee benefit or compensation plan or arrangement. You further confirm that, as of March 1, 2001, no sums or obligations are owed to you by PRWW (including without limitation severance), except for (a) salary accrued through February 28, 2001, (b) expenses incurred through February 28, 2001 which in accordance with PRWW's standard policies are subject to reimbursement and (c) the obligations of PRWW under the consulting agreement between your professional corporation and PRWW. 3. This will further confirm that, since you are continuing as a member and Chairman of the Board of Directors, your outstanding stock options will not terminate solely due to the fact that you are no longer an employee of PRWW, but instead will continue indefinitely until the earlier of the stated termination date of the option or three months following the date that you cease to be a member of the Board of Directors. Please confirm your agreement with the foregoing by countersigning this letter below. Very truly yours, PRWW, Ltd. By: /s/ Bruce Johnson ------------------------- Bruce Johnson Senior Vice President The foregoing is accepted and agreed to: /s/ Joel Morganroth -------------------------------------------- Joel Morganroth, M.D.