THINK New Ideas Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment] - THINK New Ideas Inc. and James Carlisle
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
THINK NEW IDEAS, INC. 8000 Sunset Blvd., Penthouse East Los Angeles, California 90046 March 18, 1998 Dr. James Carlisle Executive Vice President THINK New Ideas, Inc. 45 West 36th Street, 12th Floor New York, New York 10018 Re: AMENDMENT TO EMPLOYMENT AGREEMENT DATED JUNE 30, 1996 Dear Jim: Reference is hereby made to that certain employment agreement dated as of June 30, 1996 (the "Employment Agreement") between THINK New Ideas, Inc. (the "Corporation") and James Carlisle (the "Employee"). This letter is intended to confirm that, notwithstanding anything else to the contrary set forth in the Employment Agreement, the Corporation and the Employee hereby agree that Section 4(a) of the Employment Agreement be hereby amended by striking Section 4(a) of the Employment Agreement thereof and by substituting in lieu thereof the following new Section 4(a) to read as follows: "4(a) COMPENSATION. The Company shall pay the Employee compensation equal to One Hundred Ninety-Five Thousand Dollars ($195,000) per annum at a rate of Sixteen Thousand Two Hundred Fifty Dollars ($16,250) per month (such monthly amount as the same may be increased from time to time by virtue of the adjustments set forth hereinbelow shall be defined as the "Monthly Compensation"). Such salary shall be payable in accordance with the customary payroll practices of the Company." The modification stated herein shall become effective on July 1, 1998. Except as otherwise expressly modified hereby or required to effectuate the modification set forth herein, the Employment Agreement shall remain unchanged and shall continue in full force and effect pursuant to the terms thereof. This letter agreement contains the entire agreement between the Corporation and the Employee with respect to the modification which is the subject hereof. This letter agreement may not be amended, changed, modified, or discharges, nor may any provision hereof be waived, except by an instrument in writing executed by or on behalf of the party against whom enforcement of any amendment, waiver, change, modification or discharge is sought. No course of conduct or dealing shall be construed to modify, amend or otherwise affect any of the provisions hereof. Please confirm that the Employee is in agreement with the forgoing, and that the foregoing is in accordance with your understanding by <PAGE> signing and returning this letter, which shall thereupon constitute a binding agreement. Agreed to and accepted as of this 18th day of March, 1998 Very truly yours, THINK New Ideas, Inc. By: /s/ James Carlisle By: /s/ Scott Mednick ---------------------------- --------------------- James Carlisle Scott Mednick Chief Executive Officer 2