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. Sponsored Links EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT (the Agreement) is entered into this 23rd day of May, 2002, between THE CHEESECAKE FACTORY RESTAURANTS, INC., a California corporation (the Company) and MICHAEL BERRY (the Employee).
WHEREAS, the parties desire to enter into this Agreement setting forth the terms and conditions for the employment relationship of the Employee with the Company. NOW, THEREFORE, in consideration of the promises and mutual covenants and agreements herein contained and intending to be legally bound hereby, the Company and the Employee hereby agree as follows: 1. Certain Terms Defined.
For purposes of this Agreement: 1.1 Permanently Disabled means a physical or mental condition that occurs and persists which, in the written opinion of a licensed physician (a specialist in the field) selected by the Board in good faith, has rendered Employee unable to perform Employees duties hereunder for a period of ninety (90) days or more and, in the written opinion of such physician, the condition will continue for an indefinite period of not less than an additional ninety (90) day period, rendering the Employee unable to return to Employees duties. 1.2 Affiliate shall have the meaning given such term in the Exchange Act. 1.3 Base Salary means, as of the date of determination or Date of Termination, the base salary of Employee then in effect pursuant to Section 4. 1.4 Beneficial Owner shall have the meaning given to such term in the Exchange Act. 1.5 Board shall mean the Board of Directors of the Company.
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