Sample Business Contracts


Employment Agreement - Kona Grill Inc. and Mark Robinow

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 

                              KONA GRILL LETTERHEAD

Mark Robinow
5916 Lee Valley Road
Edina, MN 55439

            RE: EMPLOYMENT TERMS

Dear Mark:

      The purpose of this letter is to set forth the Employment Terms regarding
your employment by Kona Grill, Inc., a Delaware corporation (the "Company") and
you as the ("Executive").

      1.    Duties. Effective October 15, 2004, Executive shall be appointed by
            the Board as the Vice President and Chief Financial Officer of the
            Company.

      2.    Term. Executive shall be employed subject to the election of both
            parties.

      3.    Compensation. Executive's base salary shall be $225,000 per annum.
            The Executive shall be eligible for an annual bonus of up to 40% of
            his base salary based upon successfully achieving certain goals as
            specified by Company management. Following the first quarter of
            employment, Executive is eligible for a prorated portion of his
            bonus (10% of his full-year base salary based upon one quarter of a
            year of employment) to be paid during the first calendar quarter of
            2005.

      4.    Stock Options. The Company will grant Executive stock options to
            purchase 270,560 shares in the common stock at an exercise price of
            $1.00 per share. This number of shares represents 2% of the total
            issued and outstanding stock, including stock options on a fully
            diluted basis. The stock options will vest as follows: September 30,
            2004, 67,640 shares; September 30, 2005, 67,640 shares; September
            30, 2006, 67,640 shares; September 30, 2007, 67,640.

      5.    Benefits. Executive shall be entitled to receive all benefits,
            including health insurance, as offered to other senior executives of
            the Company.

      6.    Termination. It is agreed that Executive is employed at will and may
            be terminated with or without cause at any time upon ninety (90)
            days prior written notice. Upon termination (except for cause)
            Executive shall receive a one-year severance payment equal to 12
            months base salary, a pro rata portion of annual bonus and a pro
            rata portion of stock options for the year terminated shall vest
            upon such termination (except for cause). In the event Executive is
            required to relocate, resulting in termination of employment, such
            termination shall be considered without cause and severance
            provisions of this paragraph will apply.

<PAGE>

      7.    Confidentiality and Non-Compete. Executive will sign the attached
            Confidentiality and Non-Compete Agreement that all officers and
            managers sign that are employees of the Company.

      8.    Governing Law. This Agreement shall be governed by the laws of the
            State of Arizona.

      If you agree with the foregoing, please execute in the space provided
below. We look forward to a long and rewarding relationship.

                                         KONA GRILL, INC.

                                         By: /s/ Donald Dempsey
                                             ---------------------------------
                                             Donald Dempsey
                                             Chief Executive Officer

                                         By: /s/ Mark Robinow
                                             --------------------------------
                                             Mark Robinow
                                             Executive

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