WebMD Corp. Contracts
Sample Business Contracts
Letter Agreement re: Healtheon and WebMD Merger and Employment Agreement - Healtheon Corp., WebMD Inc. and Jeffrey T. Arnold
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
JEFFREY T. ARNOLD WebMD, Inc. 400 The Lenox Building 3399 Peachtree Road, NE Atlanta, GA 30326 May 20, 1999 WebMD, Inc. Healtheon Corporation 400 The Lenox Building 4600 Patrick Henrey Road 3399 Peachtree Road, NE Santa Clara, CA 95054 Atlanta, GA 30326 Ladies and Gentlemen: Reference is hereby made to the Agreement and Plan of Reorganization by and among Healtheon Corporation, Water Acquisition Corp. and WebMD, Inc., dated as of the date hereof (the "Merger Agreement") and to the Employment Agreement by and between WebMD, Inc. and mo. dated as of September 30, 1998 (the "Employment Agreement"). Capitalized terms used herein which are not defined herein shall have their respective meanings set forth in the Employment Agreement. This letter is to confirm that, subject to the terms and conditions set forth below, I hereby waive the acceleration of vesting and exercisability of my Options granted pursuant to the Employment Agreement which occur upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger"). Notwithstanding the foregoing, if at any time following such Merger, I am terminated other than for Cause, including, without limitation, if I am terminated in a Constructive Termination, then all of my Options granted pursuant to the Employment Agreement shall immediately vest and become fully exercisable on the date of such termination. With respect to the Offer to Purchase, I hereby confirm that I will mutually agree with W. Michael Long with respect to the number of shares of Series F Preferred Stock that I may tender to Microsoft. Very truly yours, /s/ Jeffrey T. Arnold --------------------------------------- Jeffrey T. Arnold ACKNOWLEDGED AND AGREED: <TABLE> <S> <C> WEBMD, INC. HEALTHEON CORPORATION By: /s/ W. Michael Heekin By: /s/ Jack Dennison ----------------------------------- ----------------------------------- Name: W. Michael Heekin Name: Jack Dennison Title: Executive Vice President Title: Vice President Date: May 20, 1999 Date: May 20, 1999 </TABLE>