Employment Agreement between Sales Executive and Company by pellcity27

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									       Employment Agreement between Sales Executive and Company

       Agreement made on the ___ day of __________, 20___, between John
Doe of (street address, city, county, state, zip code), referred to herein as
Sales Executive, and Acme, Inc., a corporation organized and existing under the
laws of the state of ______________, with its principal office located at (street
address, city, county, state, zip code), referred to herein as Company.

       Whereas, Company is engaged in the (nature of business), and in the
sale of (type of product); and

      Whereas, Company desires to employ Sales Executive, pursuant to the
terms of this Agreement and offer Sales Executive certain stock incentives to
encourage a long term and productive relationship between Company and Sales
Executive representative;

        Now, therefore, in consideration of the matters described above, and of
the mutual benefits and obligations set forth in this Agreement, the parties agree
as follows:

1.       Employment of Sales Executive
         Company employs Sales Executive to head its sales department and to
sell its merchandise and products in the following territory: (description of
territory), and such other territories on which both parties may agree in writing
and which subsequent agreements shall be incorporated in and made a part of
this Agreement.

II.    Duties of Sales Executive
       Sales Executive will serve Company faithfully and to the best of his ability
under the direction of the board of directors of Company. Sales Executive will
devote all of his time, energy, and skill during regular business hours to such
employment. Sales Executive shall perform such services and act in such
executive capacity as directed by the board of directors of Company.

III.   Term of Employment
       This Agreement and the employment under this Agreement shall
commence on the effective date stated above, and continue for ___ years from
the date of this Agreement.

IV.    Compensation
       A.     Sales Executive’s salary shall be at the rate of $________ per year
from (commencement date). Employer shall pay Sales Executive’s salary in
cash and in monthly installments of $____________, such payment to be made
on the last day of each month during the term of this Agreement.

       B.      Company shall also pay Sales Executive a ____% commission on
the net selling price of all merchandise and products of Company shipped and
billed on orders received and accepted by Company under the terms of this
Agreement. Commissions shall be paid on the ___ day of each (e.g., month,
quarter).

      C.    As further consideration for his contributions to the Company, the
Company shall issue to Sales Executive shares of common stock of the
Company, fully paid and nonassessable in accordance with the following
schedule:

              1.     The number of shares equivalent to ____% of the
outstanding                common stock on or before (date).

              2.     The number of shares equivalent to ____% of the
outstanding                common stock on or before (date).

              3.     The number of shares equivalent to ____% of the
outstanding                common stock on or before (date).

              4.   The number of shares equivalent to ____% of the
outstanding              common stock on or before any public offering of
stock in the Company.

V.     Customer’s Failure to Pay Account
       A.   In the event of nonpayment of a customer's account resulting in a
loss to Company, Sales Executive shall be charged with a sum equal to his
commission rate or percentage on the unpaid balance owing by the customer.

       B.       If any customer's account becomes (number) days in arrears,
Sales Executive shall be charged with a sum equal to his commission rate or
percentage on the unpaid balance of the account, and such commission debit
shall be suspended, subject to being recr
								
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