Omtool Ltd. Contracts
Sample Business Contracts
Employment Agreement - Omtool Ltd. and Robert L. Voelk
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
[OMTOOL LETTERHEAD] July 19, 2000 Robert L. Voelk Omtool, Ltd. 8 Industrial Way Salem, NH 03079 Dear Robert: This letter agreement hereby amends as of the date hereof certain sections of the letter agreement dated December 14, 1999 (the "Agreement") by and between you and Omtool, Ltd. ("Omtool"). In addition to your service as Chairman of the Board of Directors, you shall serve in an at will employment capacity with Omtool as the Acting President and Chief Executive Officer of Omtool. Your rate of salary for the calendar years of 2000 and 2001 shall be $350,000 per year. Your salary shall be paid in accordance with Omtool's customary practices as may be established or modified from time to time. Should you or Omtool decide to end your relationship as Acting President and Chief Executive Officer of Omtool, your compensation and responsibilities shall revert to the compensation and responsibilities contained in the Agreement. [Remainder of Page Intentionally Left Blank] <PAGE> Except as specifically modified herein, the Agreement is hereby confirmed and ratified as being in full force and effect. Please countersign and return to Omtool a signed copy of this letter. Very truly yours, OMTOOL LTD. /s/ Bruce Evans Bruce Evans Director Acknowledged and agreed to as of this 19th day of July, 2000 Accepted and Agreed to /s/ Robert L. Voelk Robert L. Voelk