Walt Disney Co. Contracts
Sample Business Contracts
Employment Agreement - The Walt Disney Co. and Michael D. Eisner
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
As of December 21, 1999 Mr. Michael D. Eisner Chairman and Chief Executive Officer The Walt Disney Company 500 South Buena Vista Street Burbank, California 91521 Dear Michael: Reference is made to the employment agreement between The Walt Disney Company ("Company") and you ("Executive") dated January 8, 1997, as modified by letter agreement dated December 29, 1998 (the "Agreement"). Company and Executive hereby agree as follows: 1. Notwithstanding any provision to the contrary in Section 4 of the Agreement, Executive's incentive bonus for Company's fiscal year ending September 30, 2000, shall be determined pursuant to Company's Annual Bonus Performance Plan for Executive Officers. In furtherance of the foregoing, Executive hereby waives all rights to any bonus for such fiscal year pursuant to the bonus formula attached to the Agreement. 2. Executive and Company shall use their best efforts to formulate a new incentive bonus provision for Executive which, if agreed upon, would be effective for each fiscal year of Company ending after September 30, 2000 and on or before termination of the Agreement and for such additional periods as are provided in Section 4(e) of the Agreement. Company and Executive confirm their agreement that this letter agreement is being entered into pursuant to Section 4(c) of the Agreement and shall be subject to all of the provisions thereof. Except as modified by the foregoing, the Agreement shall remain in full force and effect and shall be unaffected by any failure of Company and Executive to reach agreement regarding a new incentive bonus provision as contemplated by paragraph 2 above. If the foregoing accurately reflects our agreement, please sign a copy of this letter in the space provided below and return a copy of same to us. Very truly yours, THE WALT DISNEY COMPANY /s/ Raymond L. Watson By: _________________________________ Raymond L. Watson Title: Chairman of the Executive Committee AGREED AND ACCEPTED: /s/ Michael D. Eisner ------------------------------------- Michael D. Eisner