| Employment Agreement - Key Employee & | | | | 4. Comply with the federal, state, and local laws. |
| Executive can be defined, as a written | | | | 5. Employee allegiance and royalty for the |
| Agreement, entered between company and | | | | company |
| executive, where an employee agrees to provide | | | | Duties of Employer |
| certain services to the company, in exchange of | | | | Responsibility of the employer to pay |
| considerations offered by the company. The | | | | compensation, allowances and benefits, as per the |
| signed Agreement is binding on both parties and | | | | clauses recorded in the Agreement. |
| legally valid. The provisions recorded in this | | | | Provisions of office, stenographic and other |
| Contract, differentiated it from Executive | | | | resources to be offered to the employee. |
| Compensation Agreement. The clauses in the | | | | Confidential and Non Disclosure |
| Agreement are also binding on both the company | | | | Clauses preventing employee, from sharing |
| and employee and, they agree to function within | | | | company trade, information and other secrets |
| the terms and conditions of the Agreement. | | | | with rival or third parties. |
| The important features of the employment | | | | Non-Competition |
| contract can be summed of as follows: | | | | Clauses, preventing employee from working |
| Terms | | | | directly or indirectly with another rival company, |
| Agreement duration | | | | located within specific geographical location, for |
| Termination date and clauses | | | | specific period of time. |
| Agreement renewal provisions | | | | Termination |
| Remuneration & Benefits | | | | Service terminations provisions, which may include, |
| 1. Annual Salary of the executive. | | | | disagreement with board of Directors, poor work |
| 2. Remuneration Adjustments. | | | | environment, breach of contract, felony charges |
| 3. Compensation negotiation for variety company | | | | or involvement in immoral practices. |
| events. | | | | By agreeing with the provisions in the Agreement, |
| 4. Benefit package, offered to the employee | | | | both company and the executive can function, |
| including, leave, vacation, leave, medical benefits, | | | | within their own parameters and understand their |
| pension, stock options, insurance, expenses, and | | | | own duties and responsibilities. |
| so on. | | | | You can also download Employment Agreement - |
| Duties of Employee | | | | Key Employee & Executive template from |
| 1. Employee Designation | | | | Internet site and use it to enter into Agreement |
| 2. Duties of the employee | | | | with the employee. |
| 3. Provision for employee service curtailment | | | | |