Sample Business Contracts


Employment Agreement - American Greetings Corp. and Jeffrey M. Weiss

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.
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  • 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.
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                              EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT made at Cleveland, Ohio, this 1st day of June
1991, by and between AMERICAN GREETINGS CORPORATION, an Ohio corporation (herein
called the "Corporation") and Jeffrey M. Weiss (herein called "Employee").

      In consideration of the covenants hereinafter set forth, the parties
hereto mutually agree as follows:

            1.    Subject to the provisions hereof, the Corporation shall employ
      Employee as an officer of the Corporation, either elected by the Board of
      Directors or appointed by the Executive Committee, or as an officer of a
      subsidiary company with such duties and responsibilities as may be
      assigned from time to time by the Board of Directors or the Executive
      Committee of the Board of Directors of the Corporation and Employee shall
      devote his full business time and attention and give his best efforts to
      the business affairs of the Corporation and/or of such of its subsidiaries
      as the Board of Directors of the Executive Committee or the Board of
      Directors of the Corporation may from time to time determine. Employee
      recognizes that in serving as an officer of the Corporation or as an
      officer of a subsidiary he serves in such capacity solely at the pleasure
      of the Board of Directors or the Executive Committee of the Board of
      Directors of the Corporation and that his employment in such capacity or
      in any other capacity may be terminated at any time by the Board of
      Directors or the Executive Committee of the Corporation.

            2.    The Corporation or a subsidiary shall, during the term of this
      Employment Agreement, pay to Employee as minimum compensation for his
      services a base salary at a rate to be fixed by the Board of Directors or
      the Executive Committee or the Chairman of the Executive Committee, which
      rate shall not be less than $70,000.00 per year, plus such additional
      compensation as the Board of Directors or the Chairman of the Executive
      Committee or the Executive Committee of the Board of Directors of the
      Corporation may from time to time determine.

            3.    Employee covenants and agrees that in consideration of his
      employment as an officer of the Corporation or as an officer of a
      subsidiary he shall not for a period of twelve months after leaving the
      employ of the Corporation or a subsidiary, regardless of the reason for
      such leaving, enter into the employment, directly or indirectly or in a
      consulting or free lance capacity, of any person, firm or corporation in
      the United States or Canada, which at such date of leaving the employ of
      the Corporation or a subsidiary shall be manufacturing or selling products
      that are substantially similar in nature to the products being then
      manufactured or sold by the Corporation or the subsidiary.

            4.    In the event that the employment of Employee under this
      Employment Agreement is terminated by the Corporation or subsidiary, the
      Corporation covenants and agrees that it shall pay or cause to be paid to

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      Employee a continuing salary at a rate which shall be the highest base
      salary rate paid Employee during the preceding six-month period for a
      period of time equivalent to one-half month for each year of employment by
      the Corporation or a subsidiary of the Employee, but in no event to be
      less than a period of three months nor greater than a period of twelve
      months. The provisions of this paragraph shall not be applicable if the
      Employee is terminated because of a gross violation of his obligations to
      the Corporation.

            5.    In the event that Employee shall cease to be employed as an
      officer of the Corporation or a subsidiary but shall continue in the
      employ of the Corporation or a subsidiary, then this Employment Agreement
      shall terminate twelve months after the date that Employee ceases to be
      employed as an officer of the Corporation or a subsidiary.

            6.    I agree that during the period of my employment and
      thereafter, I will keep confidential and will not disclose any
      information, records, documents or trade secrets of the Corporation
      acquired by me during my employment, and except as required by my
      employment, will not remove from the Corporation's premises any record or
      other document relating to the business of the Corporation; or make copies
      thereof; it being recognized by me that such information is the property
      of the Corporation.

            7.    This Agreement shall be applied and interpreted under the laws
      of the State of Ohio.

                                               AMERICAN GREETINGS CORPORATION

                                               By /s/ Morry Weiss
                                               ----------------------------
                                               President

                                               /s/ Jeffery M. Weiss
                                               ----------------------------
                                               Employee

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