Blue Nile Inc. Contracts
Sample Business Contracts
Employment Agreement - RockShop.com Inc. and Dwight Gaston
- 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
May 14, 1999 Dear Dwight Gaston, On behalf of RockShop.com, Inc. (the "Company"), I am pleased to offer you the position of Director of Operations, reporting to Mark Vadon. The terms of your relationship with the Company will be as indicated herein. 1. Position. You will become a Director of Operations for the Company. As such, you will have responsibilities as determined by Mark Vadon. 2. Base Salary. You will be paid a base salary of $7,500 per month, less payroll deductions and all required withholdings, which represents an annualized rate of $90,000. Your salary will be payable in accordance with the Company's standard payroll policies. You will also be eligible for annual performance bonuses in amounts to be determined by the Company. 3. Stock Options. We will recommend to the Board of Directors that you be granted an incentive stock option to purchase 124,454 shares of common stock of the Company. The exercise price will be the fair market value of the common stock as determined by the Board of Directors on the date of grant. One fourth (1/4) of the shares subject to such option will vest on the first year anniversary of your hire date and one forty-eighth (1/48) of the shares subject to such option will vest each month thereafter as long as your employment continues with the Company. The Company's 1999 Equity Incentive Plan, the Grant Notice and the Stock Option Agreement shall govern the terms of this option grant in all respects. 4. Benefits. You will be eligible to receive healthcare and dental benefits, life and disability insurance effective on the first of the month following your date of employment. 5. Standard Employee Agreement. Like all employees, you will be required to sign the Company's standard Employee Proprietary Information and Inventions Agreement relating to the protection of the Company's proprietary and confidential information and assignment of inventions. In addition, you will be required to abide by the company's strict policy that prohibits any new employee from using or bringing with him or her from any previous employer any confidential information, trade secrets, or proprietary materials or processes of such former employer. 6. Federal Immigration Law. For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. Documents that can satisfy these requirements are a United States passport or a valid driver's license and a social security card. 1. <PAGE> 7. At-Will Employment. Your employment is at will, as defined under applicable law. This means you may voluntarily quit for any reason whatsoever simply by notifying the Company. Likewise, the Company may terminate your employment at any time and for any reason whatsoever with or without cause or advance notice. This at-will employment relationship cannot be changed except in a writing signed by a Company officer. 8. Entire Agreement. This Agreement, together with your Employee Proprietary Information and Inventions Agreement, constitutes the entire agreement between the parties and supersedes all other agreements or understandings. This agreement may be amended only by written agreement signed by you and the Company. 9. Start Date. May 17, 1999. Again, let me indicate how pleased we all are to extend this offer, and how much we look forward to working together. Please indicate your acceptance by signing and returning the enclosed copy of this letter. This offer is valid till May 17, 1999 and will terminate if not accepted by such date. Very truly yours, ROCKSHOP.COM, INC. /s/ Mark Vadon ----------------------------------------------------- The foregoing terms and conditions are hereby accepted: Signed: /s/ Dwight Gaston --------------------------------------------- Dwight Gaston Dated: May 17, 1999 ---------------------------------------------- 2.