Sample Business Contracts


Employment Agreement - Burke Industries Inc. and Theodore M. Clark

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.
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[LOGO]
BURKE INDUSTRIES

February 4, 2000

Theodore M. Clark
177 Oak Meadow Road
Sierra Madre, CA 91024

Dear Ted:

This will confirm certain amendments to your Employment Agreement (the
"Agreement"), which was made and entered into as of September 16, 1999. The
purpose of these amendments, which it is agreed shall be effective
retroactively as of November 1, 1999, is to reflect the accelerated pace of
the transition pursuant to which you became President of Burke. Any
capitalized term used herein shall have the meaning assigned to such term in
the Agreement.

In Section 1 of the Agreement, the date "November 1, 1999" shall be
substituted for the date "January 1, 2000" and the date "October 31, 2001"
shall be substituted for the date "December 31, 2000."

In Section 2 of the Agreement, the first sentence shall be deleted and the
following substituted therefor: "Clark shall be employed as the President of
Burke effective as of November 1, 1999, and, in addition, shall assume the
duties of Chief Executive Officer of Burke effective February 1, 2000."

In Section 4 of the Agreement, the date "November 1, 1999" shall be
substituted for the date "January 1, 2000."

In Section 10.C. of the Agreement, the date "October 31, 2001" shall be
substituted for the date "December 31, 2001."

Please acknowledge your acceptance of these amendments by signing both copies
of this letter where indicated below, and returning one signed copy to me.
The duplicate signed copy should be retained for your records.

Your truly,                                 Accepted and Agreed:

/s/ George A. Sawyer                        /s/ Theodore M. Clark
----------------------------------          ------------------------------
George A. Sawyer                            Theodore M. Clark
Chairman of the Board

13767 Freeway Drive, Santa Fe Springs, California 90670 - (562) 926-6556
(800) 221-0923 Fax: (562) 926-3710

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