Sample Business Contracts


Employment Agreement [Amendment No. 2] - NetBank Inc. and Douglas K. Freeman

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. 2 TO EMPLOYMENT AGREEMENT

 

THIS AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (this "Amendment") is dated as of April 30, 2004 by and between NetBank, Inc., a Georgia corporation (the "Company"), and Douglas K. Freeman (the "Executive").

 

W I T N E S S E D

 

WHEREAS, the Company and the Executive are parties to a certain Employment Agreement dated as of November 18, 2001 as amended by Amendment No. 1 to Employment Agreement dated as of April 1, 2002 (collectively, the "Original Agreement"); and

 

WHEREAS, the Company and the Executive wish to amend the Original Agreement as more particularly set forth in this Amendment,

 

NOW, THEREFORE, it is hereby agreed as follows:

 

1.                                   Amendments.

 

(a)  A new Section 2(c) is hereby added to the Original Agreement to read as follows:

 

"The Executive shall be based primarily and reside in the general area of Jacksonville, Florida."

 

(b)  The last two sentences of Section 3(c) of the Original Agreement are hereby deleted and the following sentence shall be added at the end of said Section 3(c):

 

"The Company shall provide a relocation package for the movement of household goods to the Executive in order to assist the Executive in the relocation of his secondary residence from the Atlanta area."

 

(c)  The term "Business Location" and the definition thereof, all as set forth in Annex A of the Original Agreement, are hereby deleted in their entirety.

 

2.  Miscellaneous.

 

(a)                                  This Amendment may be executed in several counterparts, each of which shall be deemed an original, and said counterparts shall constitute but one and the same instrument.

(b)                                 Except as expressly amended and modified by this Amendment, the Original Agreement shall continue to be and remain in full force and effect in accordance with its terms.

 

IN WITNESS WHEREOF, the Executive has hereunto set the Executive's hand and the Company has caused this Amendment to be executed in its name on its behalf, all as of the day and year first above written.

 


/s/ Douglas K. Freeman



Douglas K. Freeman






NETBANK, INC.




By:

/s/ Thomas L. Little, Jr.




Thomas L. Little, Jr.



Chief Human Resource Executive

 

1


ClubJuris.Com