Kellogg Co. Contracts
Sample Business Contracts
Employment Agreement - Kellogg Co. and Annunciata Cerioli
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
March 31, 2004 PERSONAL AND CONFIDENTIAL Ms. Annunciata Cerioli 17 Dettmann Street Longueville NSW 2066 Australia Dear Nucci: I am extremely pleased to confirm your new position as Vice President, Human Resources. You will be located at our headquarters office in Battle Creek, Michigan. Your new assignment will begin Friday, April 23, 2004, and you will report directly to me. Given the significance of your new position, the Company's Board of Directors will ratify your appointment as an officer of the Company during its meeting in April. Your new salary will be $270,000 per year with an Annual Incentive Plan target bonus of 55%. You will continue to receive the benefits for which you are currently eligible, including benefits under the Kellogg Company Pension Plan, Severance Benefit Plan, and Welfare Benefit Plan. In special consideration for your acceptance of this offer, you will: (i) receive, contingent upon the approval of the Board of Directors, a sign-on restricted stock grant of 7000 shares of Kellogg Company stock. These options will vest three years from the date you begin your new role; (ii) be a member of the Executive Management Committee, where key corporate strategic and operational decisions are made; and (iii) be covered by our Change of Control Policy, which provides for you to receive certain benefits in the event you are terminated in connection with a change in control of the Company. <PAGE> Ms. Annunciata Cerioli Page 2 March 31, 2004 In addition, we will pay the expenses involved in moving you and your family to Michigan in accordance with the Company relocation policy. (Enclosed is a relocation guide for your review.) For additional information regarding your relocation, we will schedule a time for you to speak to the appropriate contact at headquarters after the announcement is made. Nucci, I am excited about working with you, and I am confident that the position will provide the professional opportunity and challenge you desire. Please confirm your acceptance of this offer by signing below and returning one copy to me and retaining a copy for your records. Sincerely, Carlos M. Gutierrez Chairman of the Board Chief Executive Officer All employment is at-will, and any exceptions must be in writing and approved by the Chief Executive Officer. Kellogg Company continues to maintain and reserves the right to alter, amend or terminate its benefit plans. I accept the above offer as presented this ______ day of April, 2004. ______________________________________________ (Signature) ______________________________________________ (Print Name)