Zale Corp. Contracts
Sample Business Contracts
Employment Agreement - Zale Corp. and Beryl B. Raff
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 TO EMPLOYMENT AGREEMENT THIS AMENDMENT, dated as of September 7, 1999, is by and between Zale Corporation, a Delaware corporation ("Company"), and Beryl B. Raff ("Executive"). WHEREAS, Executive and Company entered into that certain Employment Agreement dated August 1, 1998 which sets forth the terms and conditions for Executive's continued employment with the Company (the "Agreement"); and WHEREAS, the Board of Directors of the Company has determined that it is in the best interest of the Company to amend certain provisions of the Agreement in order to retain and motivate Executive; and WHEREAS, Executive and Company now desire to amend such provisions of the Agreement; NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged the parties hereby agree as follows: 1. Section 1 of the Agreement is hereby amended and restated in its entirety to read as follows: <PAGE> 2 "1. Employment. Executive agrees to enter into the continued employment of the Company, and the Company agrees to employ Executive, on the terms and conditions set forth in this Agreement. Executive agrees during the term (as hereinafter defined) to devote substantially all of her business time, efforts, skills and abilities to the performance of her duties as stated in this Agreement and to the furtherance of the Company's business. Executive's job title will be President and Chief Executive Officer and her duties will be those as are designated by the Board of Directors of the Company ("Board"), consistent with this position. Executive further agrees to serve without additional compensation as an Officer or Director, or both, of any subsidiary, division or affiliate of the Company or any other entity in which the Company holds an equity interest, provided, however, that (a) the Company shall indemnify Executive from liabilities in connection with serving in any such position to the same extent as her indemnification rights pursuant to the Company's Certificate of Incorporation, Bylaws and applicable Delaware law, and (b) such other position shall not materially detract from the responsibilities of Executive pursuant to this Section 1 or her ability to perform such responsibilities." 2. Section 2(b) of the Agreement is hereby amended as follows: The second sentence of Section 2(b) Incentive Bonus shall be changed to read as follows: <PAGE> 3 "Executive is eligible to receive 100% of her base salary in accordance with the terms and conditions of the Executive Bonus Program." IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement as of the date first above written. By: /s/ BERYL B. RAFF ------------------------------------ Beryl B. Raff ZALE CORPORATION By: /s/ ROBERT J. DINICOLA ------------------------------------ Robert J. DiNicola Chairman of the Board of Directors