EMPLOYEEMENT AGREEMENT by and between _ (Company), and _
For good consideration, Company shall employ and the
Employee agrees to be employed on the following terms:
1. EFFECTIVE DATE:
Employment shall commence on _, 20_, time being
of the essence.
Employee agrees to perform the following duties:
(Describe general duties, or attach job description)
Employee shall also perform such further duties as are
incidental or implied from the foregoing, consistent with the
background, training and qualifications of Employee or may be
reasonably delegated as being in the best interests of the
Company. The Employee shall devote full time to his employment
and expend best efforts on behalf of Company. Employee further
agrees to abide by all reasonable Company policies and
decisions now or hereinafter existing.
The Employee's employment shall continue for a period
of (_) years, beginning on the effective date of this
agreement and ending on _, 20_.
The Employee shall be paid the following compensation:
a) Annual Salary: $_, paid on the payroll schedule
existing for other employees.
b) Such bonuses, vacations, sick leave, retirement
benefits and expense accounts as stated in the
Company manual for other management personnel or as
may be decided by the Company if said items are
discretionary with the Company.
This agreement may be earlier terminated upon:
a) Death of Employee or illness or incapacity that
prevents Employee from substantially performing for
(_) continuous months or in excess of (_) aggregate
working days in any calendar year.
b) Breach of agreement by Employee.
a) Employee agrees to execute a non-compete agreement
as annexed hereto.
b) Employee agrees to execute a confidential
information and invention assignment agreement as
c) This agreement shall not be assignable by either
party, provided that upon any sale of the business
by Company, the Company may assign this agreement to
its successor or employee may terminate same.
d) In the event of any dispute under this agreement, it
shall be resolved through binding arbitration in
accordance with the rules of the American
e) This constitutes the entire agreement between the
Any modification must be in writing.
7. ADDITIONAL TERMS:
Signed under seal this _ day of _, 20_.