BriteSmile Inc. Contracts
Sample Business Contracts
Employment Agreement - BriteSmile Inc. and Adam Flint
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
August 2, 1999
Mr. Adam Flint
VIA FACSIMILE: 011 44 11 70 561 235
Dear Adam,
This letter summarizes BriteSmile's offer of employment to you per our more
recent discussions.
Position: Vice President - BriteSmile Call Center
Reports to: Linda Oubre - President, Chief Administrative Officer
Location: Walnut Creek, California
Compensation: Annual Salary - $100,000 per year with 26 equal payments
during the year.
Bonus: $1.00 per paid procedure to be paid at the end of each
Fiscal Year -March 30th. This amount is to be divided
between call center management on a formula that we will
agree upon.
The bonus will be paid at a conversion level of 35% of
paid procedures of all calls. At a 55% conversion rate
of paid procedures, the bonus increases to $1.50 per
paid procedure. For the period of October 1, 1999
through March 30, 2000 the qualification is waived to a
25% conversion rate.
BriteSmile stock - 100,000 shares of BriteSmile stock
options exercisable at the fair market price on the date
of hire (8/15/99). 25,000 of these options vest
immediately with the remainder vesting in equal amounts
over a 5-year period.
Special Consideration: Spouse or fiance tuition - for a period of two years an
allowance up to $15,000 for college tuition.
Moving relocation expenses - BriteSmile will pay for all
moving expenses for you and spouse/fiance as well as a
special allowance of one month's salary for incidentals.
Adam, I believe the above accurately reflects our previous discussion and our
offer which you have already accepted. We are extremely pleased that you are
joining us and that you will lead our call center within this young company. We
look forward to your starting with us in August and to a long and exciting
employment situation. Please confirm your agreement below:
/s/ Adam Flint
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Adam Flint
Sincerely,
/s/ John Reed
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John Reed
cc: Linda Oubre