Sample Business Contracts


Employment Agreement - Qwest Communications International Inc. and Marc B. Weisberg

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 

                                    [LOGO]

                             QWEST COMMUNICATIONS
                           THE POWER OF CONNECTIONS


                                                               Joseph P. Nacchio
                                             President & Chief Executive Officer
                                                     555 17th Street, Suite 1000
                                                                Denver, CO 80202

September 24, 1997

Marc B. Weisberg
6 Cherry Hills Farm Ct.
Englewood, CO 80110

Dear Marc:

I am delighted to be able to offer you the position of Sr. Vice President, 
Corporate Development at Qwest Communications. This letter is intended to set 
forth the terms and conditions of your employment with Qwest.

1.   Your annual base salary will be $210,000.

2.   You will be eligible to participate in Qwest's long-term incentive plan
     (Equity Incentive Plan). You will receive a non-qualified option of 200,000
     shares at the market price on September 26, 1997 exercisable over ten
     years.

3.   You will be eligible to participate in the executive bonus plan which is
     currently under development. This plan is projected to have an upside
     potential of a 40% bonus pay out. However, in your case, at the end of the
     first year of your employment, you are entitled to a guaranteed bonus of
     $80,000.

4.   If you are terminated for any reason other than cause during your first
     year of employment, you will be entitled to a lump sum payment of one
     year's salary.

5.   Paid time off and disability plan information is attached.

6.   This offer of employment is contingent upon your statement that you are not
     subject to any non-compete clause or similar restrictions which would in
     any way prevent you from exerting all your efforts toward the goals and
     objectives of Qwest.

Marc, I would like you to begin work at Qwest on Monday, September 29, 1997.




                   ________________________________________

                             QWEST COMMUNICATIONS
 555 SEVENTEENTH STREET DENVER, COLORADO 80202. 303-291-1400 FAX 203-291-1724
<PAGE>
 
Marc B. Weisberg
September 24, 1997
Page 2



Finally, I am really looking forward to your joining me at Qwest and working 
together to make this a great company. If you agree with the above terms and 
conditions, please sign below and return this letter to me. If you have any 
questions or need more information, I can be reached at 303/291-1410 or feel 
free to contact Ray Lee at 303/291-1688, who is working with me to help build 
our senior management team.

Sincerely,


/s/ Joseph B. Nacchio
Joseph B. Nacchio
President
Chief Executive Officer


I accept the above offer:


/s/ Marc B. Weisberg                                   9-24-97
------------------------------                    ---------------------------
Marc. B. Weisberg                                 Date:

ClubJuris.Com