Sample Business Contracts


Employment Agreement - Wade Cook Financial Corp. and Cynthia C. Britten

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 


November 11, 2000

                              Employment Agreement

Employment  agreement as agreed upon between the parties Wade B. Cook, president
of Wade Cook Financial Corp and Cynthia C. Britten CPA.

The job of Chief Financial Officer of Wade Cook Financial  Corporation  includes
the following compensation factors:

     (1)  The first year Base Salary of $115,000 a year until November 11, 2001.
          A $10,000 dollar increase will occur for the next 4 years as follows:

                           November 11, 2001 $125,000
                           November 11, 2002 $135,000
                           November 11, 2003 $145,000
                           November 11, 2004 $155,000

     (2)  The SEC bonuses of $2,500 a quarter  will  continue  if timely  filing
          occur.

     (3)  Workweek is Monday thru Thursday.  Friday's Cynthia C. Britten will be
          available by phone.

     (4)  Either party may terminate this  Agreement.  WCFC will give Cynthia C.
          Britten 30 days advance notice of termination. Cynthia C. Britten will
          give WCFC 30 days advance notice of resignation. If both parties agree
          that Cynthia C. Britten will cease to work for WCFC, then the required
          notice  period  is 60  days.  Regardless  of what  notice  is given or
          whether  Cynthia C. Britten  actually works for WCFC during the notice
          period,  Cynthia C. Britten will receive her salary set forth above in
          (1).

     (5)  The above (4) provision does not apply if a change in upper management
          occurs,  including the retirement of Wade B. Cook or implementation of
          new managers,  Cynthia C. Britten is granted the ability to reduce the
          notice of termination to 2 weeks.

     (6)  The proprietary  information agreement singed by Cynthia C. Britten in
          July  of  1997  is  replaced  by  the  attached  and  signed   current
          proprietary agreement dated November 2000.



         _ /s/ Wade B. Cook______                  __/s/ Cynthia C. Britten___
          Wade B. Cook   [Dated 1-17-01]             Cynthia C. Britten

ClubJuris.Com