THINK New Ideas Inc. Contracts
Sample Business Contracts
Employment Agreement - THINK New Ideas Inc. and Larry Kopald
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. 45 WEST 36TH STREET, 12TH FLOOR NEW YORK, NEW YORK 10018 May 24, 1999 VIA FEDERAL EXPRESS Mr. Larry Kopald 1161 Amherst Unit 304 Los Angeles, CA 90049 Re: Employment Agreement of June 30, 1996 (the "Employment Agreement") Dear Larry: This is to confirm to you that THINK New Ideas, Inc. (the "Company") has agreed to renew your employment with the Company for a period of one year (the "Extension Period") commencing upon expiration of the current term of your employment at the close of business on May 31, 1999. Your annual salary shall be $350,000 (representing Monthly Compensation, as defined in the Employment Agreement, of $29,167). The the Company has further agreed that you shall continue to be a member of executive management, with such title and any other form of compensation as may be determined by management. The Employment Agreement shall remain in effect for the Extension Period unmodified except as specifically set forth herein. Your service and contribution to the Company is sincerely appreciated. Very truly yours, /s/ Kenneth Orton Kenneth Orton on behalf of the Compensation Committee cc: Mr. Ronald Bloom Mr. Melvin Epstein Cindi Lefari, Esq. Victoria A. Baylin, Esq.