Connecticut Sample Executive Employment Agreement for Wit Capital Group, Inc.

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9273
• Format: Word; Rich Text

Description

Employment Agreement between WIT Capital Group, Inc. and Lloyd H. Feller as an Executive dated 00/00. 6 pages. Connecticut Sample Executive Employment Agreement for Wit Capital Group, Inc. Introduction: Connecticut Sample Executive Employment Agreement for Wit Capital Group, Inc. is a legally binding contract outlining the terms and conditions of employment between Wit Capital Group, Inc. and its executive-level employees based in Connecticut. This agreement is designed to protect the interests of both parties involved and establish clear expectations for the executive's role within the company. Below, you will find a detailed description of the key components typically included in this type of agreement. 1. Parties: This agreement is made between Wit Capital Group, Inc. (referred to as the "Company"), a financial services firm, and the individual executive (referred to as the "Executive") who will be employed by the company in a high-level position. 2. Purpose and Term: The purpose of this agreement is to define the terms and conditions of the Executive's employment with Wit Capital Group, Inc. It includes the start date, duration, and potential renewal or termination clauses. 3. Position and Duties: This section outlines the executive-level position the individual will hold within the company. It defines their primary duties, responsibilities, and reporting structure, covering areas such as leadership, decision-making authority, and business development. 4. Compensation and Benefits: This clause specifies the compensation package for the Executive. It includes information about base salary, bonuses, profit-sharing, stock options, and other benefits like healthcare, retirement plans, vacation, and sick leave. 5. Confidentiality and Proprietary Information: This section emphasizes the importance of protecting the company's confidential and proprietary information. It generally includes non-disclosure provisions and highlights the executive's obligation to maintain the confidentiality of trade secrets, client lists, financial data, and other valuable information. 6. Non-Competition and Non-Solicitation: To safeguard the company's interests, this clause prevents the executive from engaging in activities that directly compete with Wit Capital Group, Inc. during their employment and for a specified period after separation. It also restricts the solicitation of clients or employees of the company. 7. Termination: This section outlines the circumstances under which either party can terminate the employment agreement, including voluntary resignation, retirement, termination without cause, termination with cause, or changes in control of the company. It specifies the notice period required and the potential consequences of termination. 8. Governing Law and Dispute Resolution: Connecticut law governs this agreement. In case of any disputes arising from this agreement, it usually stipulates that the parties will engage in mediation or arbitration before resorting to litigation. Types of Connecticut Sample Executive Employment Agreements for Wit Capital Group, Inc.: 1. Connecticut Sample Executive Employment Agreement — Standard: This agreement template follows the basic structure and includes all the essential clauses commonly found in an executive employment agreement. 2. Connecticut Sample Executive Employment Agreement — Non-Compete: This variation includes additional provisions specifically addressing non-compete agreements, emphasizing the executive's limited ability to engage in similar activities within a certain geographical area and timeframe. 3. Connecticut Sample Executive Employment Agreement — Change of Control: This type of agreement includes specific provisions governing situations where there is a change in ownership or control of the company, often addressing potential severance packages and compensation adjustments for the executive. 4. Connecticut Sample Executive Employment Agreement — Performance-Based: This variation focuses on performance evaluations, target-driven incentives, and bonuses tied to achieved objectives. It establishes clear performance metrics and the executive's responsibility to meet or exceed them to receive additional compensation. Conclusion: Connecticut Sample Executive Employment Agreements for Wit Capital Group, Inc. establish a comprehensive framework for the contractual relationship between the company and its executive-level employees. These agreements protect both parties' interests, outline the executive's duties and compensation, and address important matters like confidentiality, non-competition, and termination.

Connecticut Sample Executive Employment Agreement for Wit Capital Group, Inc. Introduction: Connecticut Sample Executive Employment Agreement for Wit Capital Group, Inc. is a legally binding contract outlining the terms and conditions of employment between Wit Capital Group, Inc. and its executive-level employees based in Connecticut. This agreement is designed to protect the interests of both parties involved and establish clear expectations for the executive's role within the company. Below, you will find a detailed description of the key components typically included in this type of agreement. 1. Parties: This agreement is made between Wit Capital Group, Inc. (referred to as the "Company"), a financial services firm, and the individual executive (referred to as the "Executive") who will be employed by the company in a high-level position. 2. Purpose and Term: The purpose of this agreement is to define the terms and conditions of the Executive's employment with Wit Capital Group, Inc. It includes the start date, duration, and potential renewal or termination clauses. 3. Position and Duties: This section outlines the executive-level position the individual will hold within the company. It defines their primary duties, responsibilities, and reporting structure, covering areas such as leadership, decision-making authority, and business development. 4. Compensation and Benefits: This clause specifies the compensation package for the Executive. It includes information about base salary, bonuses, profit-sharing, stock options, and other benefits like healthcare, retirement plans, vacation, and sick leave. 5. Confidentiality and Proprietary Information: This section emphasizes the importance of protecting the company's confidential and proprietary information. It generally includes non-disclosure provisions and highlights the executive's obligation to maintain the confidentiality of trade secrets, client lists, financial data, and other valuable information. 6. Non-Competition and Non-Solicitation: To safeguard the company's interests, this clause prevents the executive from engaging in activities that directly compete with Wit Capital Group, Inc. during their employment and for a specified period after separation. It also restricts the solicitation of clients or employees of the company. 7. Termination: This section outlines the circumstances under which either party can terminate the employment agreement, including voluntary resignation, retirement, termination without cause, termination with cause, or changes in control of the company. It specifies the notice period required and the potential consequences of termination. 8. Governing Law and Dispute Resolution: Connecticut law governs this agreement. In case of any disputes arising from this agreement, it usually stipulates that the parties will engage in mediation or arbitration before resorting to litigation. Types of Connecticut Sample Executive Employment Agreements for Wit Capital Group, Inc.: 1. Connecticut Sample Executive Employment Agreement — Standard: This agreement template follows the basic structure and includes all the essential clauses commonly found in an executive employment agreement. 2. Connecticut Sample Executive Employment Agreement — Non-Compete: This variation includes additional provisions specifically addressing non-compete agreements, emphasizing the executive's limited ability to engage in similar activities within a certain geographical area and timeframe. 3. Connecticut Sample Executive Employment Agreement — Change of Control: This type of agreement includes specific provisions governing situations where there is a change in ownership or control of the company, often addressing potential severance packages and compensation adjustments for the executive. 4. Connecticut Sample Executive Employment Agreement — Performance-Based: This variation focuses on performance evaluations, target-driven incentives, and bonuses tied to achieved objectives. It establishes clear performance metrics and the executive's responsibility to meet or exceed them to receive additional compensation. Conclusion: Connecticut Sample Executive Employment Agreements for Wit Capital Group, Inc. establish a comprehensive framework for the contractual relationship between the company and its executive-level employees. These agreements protect both parties' interests, outline the executive's duties and compensation, and address important matters like confidentiality, non-competition, and termination.