Exult Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment No. 1] - Exult Inc. and John A. Adams
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 NO. 1 TO EMPLOYMENT AGREEMENT This Amendment No. 1 to Employment Agreement (this "AMENDMENT") is made as of September 8th, 2003 by and between Exult, Inc. (the "COMPANY") and John A. Adams ("EXECUTIVE"). A. Executive is employed by the Company pursuant to that certain Employment Agreement dated as of June 2, 2003 (the "AGREEMENT"). B. The Agreement provides for a living allowance to be paid by the Company to Executive for up to one year, pending Executive's sale of his house in New Jersey. The final amount of the living allowance was to be agreed by the Company's CEO and Executive after Executive had surveyed the rental housing market in Orange County. C Upon a review of the housing markets in NJ and Orange County CA the Companies CEO and Executive have agreed to the following 1. Section 4(b) of the Agreement is hereby amended to read in its entirety as follows: (b) Relocation Expenses. The Company will reimburse Executive's documented out-of-pocket expenses incurred in moving his family and household goods from New Jersey to Orange County, California including the cost to executive of any real estate agent's sales commission paid by executive in connection with the sale of his house in New Jersey. In addition, the Company will pay to Executive, in addition to his salary and other compensation to which he is entitled, a living allowance of $7,000 per month for 12 consecutive months beginning September 15th, 2003. All amounts paid or reimbursed pursuant to this Section 4(b) will include a tax "gross-up" to the extent necessary to neutralize the effects of income tax on such payments. 2. Except as set forth herein, the Agreement will remain in effect as written. In witness whereof, the Company and Executive have entered into this Amendment as of the date above set forth. EXULT, INC. By: ____________________________ _________________________________ James C. Madden, V John A. Adams Chief Executive Officer