CEC Entertainment Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment] - ShowBiz Pizza Time Inc. and Michael H. Magusiak
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
AMENDMENT TO THE EMPLOYMENT AGREEMENT BY AND BETWEEN MICHAEL H. MAGUSIAK AND SHOWBIZ PIZZA TIME, INC. This Amendment (the "Amendment") is executed as of this 11th day of December, 1997, by and between Michael H. Magusiak ("Employee") and ShowBiz Pizza Time, Inc., a Kansas corporation ("Employer"). RECITALS: WHEREAS, on January 3, 1997, Employee and Employer entered into that certain Employment Agreement, which was effective as of January 6, 1997 (the "Agreement"), whereby the Employee agreed to serve in the employ of Employer through the last day of the fiscal year of the Employer ending on or about December 31, 1999; and WHEREAS, Employer desires to amend said Agreement to extend the term of the Agreement, award stock options, and amend the automobile allowance for Employee: NOW, THEREFORE, the Agreement is hereby amended in the following respects: Paragraph 2 is hereby amended to read as follows: "2. Term. Subject to the provisions regarding termination set forth in Sections 14, 15, and 16 hereof, the initial term of ths Agreement shall begin as of January 6, 1997 (the "Effective Date") and shall terminate on the last day of the fiscal year of the Company ending on or about December 31, 2000 (the "Initial Term")." The Agreement is hereby amended to include Paragraph 4.1 which shall read as follows: "4.1. Stock Options. Employee has received from the Company on December 11, 1997 options (the "Stock Options) to purchase twenty-five thousand (25,000) shares of the Company's Common stock, par value $.10 per share ("Common Stock") pursuant to the ShowBiz Pizza Time, Inc. Non-Statutory Stock Option Plan. Of the Stock Options granted as described in this Section 4.1, 100% of the options shall vest after December 11, 2000." Paragraph 7 is hereby amended to read as follows: "7. Automobile. Employer shall pay to Employee the sum of One Thousand Dollars ($1,000.00) per month (subject to adjustment from time to time in direct proportion to generally applicable adjustment by the Company to its automobile allowances) to reimburse Employee for the use of Employee's automobile in the performance of his duties under this Agreement and Employer shall further pay directly or by reimbursement to Employee (as Employer and Employee may from time to time agree) the premiums upon a policy of collision and liability insurance covering such automobile. All other costs and expenses incurred in the operation and maintenance of Employee's automobile, including but not limited to the cost of all fuel, oil, maintenance and repairs, shall be paid solely by Employee." IN WITNESS WHEREOF, the parties have executed this Amendment effective as of December 11, 1997. EMPLOYER: SHOWBIZ PIZZA TIME, INC. By: ---------------------- Richard M. Frank Chief Executive Officer EMPLOYEE: ---------------------- Michael H. Magusiak