Talk America Holdings Inc. Contracts
Sample Business Contracts
Employment Agreement - Tel-Save.com Inc. and Daniel Borislow
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
December 30, 1998 Mr. Daniel Borislow Chief Executive Officer Tel-Save.com, Inc. 6802 Rte. 202 New Hope, PA 18938 Dear Dan: A "Change in Control" as defined in my Employment Agreement dated July 3, 1997 and as defined in my Stock Option Agreement dated October 13, 1998 will occur on your resignation as Chief Executive Officer. As a result I may terminate my employment and receive Compensation for the remaining term of the Employment Agreement (approximately 22 months) without mitigation. You have requested that I continue in my current capacity rather than elect immediate termination of my employment and payment of the Compensation required under the Employment Agreement. 1. I will continue as Chief Financial Officer of Tel-Save.com, Inc. until a replacement is found but no later than October 31, 1999. 2. My compensation will continue without any requirement for mitigation for 22 months after a replacement is found or October 31, 1999. 3. I will continue as a Director of Tel-Save.com, Inc. until expiration of my current Term (year 2000). 4. I will consult on a limited basis after cessation of employment until December 31, 2000. 5. I will be paid $20,000.00 per month for commencing January 1999. 6. The 250 000 stock options which I have are fully vested and exercisable as of December 30,1998. 7. All other terms of my Employment Contract will continue to be in effect until October 31, 1999. Any other arrangements for services will be separately negotiated with the then appropriate executives of the Company. Please indicate your acceptance and agreement in the space provided below. Yours truly; Accepted and Agreed Tel-Save.com, Inc. George P. Farley By: --------------------- Daniel Borislow, CEO