North Dakota Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9116
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Edward J. Hayes, Jr. as Executive Vice President and Chief Financial Officer dated January 3, 2000. 11 pages North Dakota Sample Employment Agreement: This North Dakota Sample Employment Agreement is made between Velocity, Inc. (hereinafter referred to as "Company") and [Executive Vice President and Chief Financial Officer's Full Name] (hereinafter referred to as "Executive"). 1. Position and Duties: The Executive shall serve as the Executive Vice President and Chief Financial Officer of the Company. The Executive shall be responsible for overseeing all financial operations, financial planning, budgeting, financial reporting, and related functions, as well as other duties assigned by the Company's Board of Directors. 2. Term: The initial term of this agreement shall commence on [start date] and continue until [end date]. Following the initial term, this agreement may be renewed upon mutual agreement of the Company and the Executive. 3. Compensation: The Executive shall receive a base salary of [amount] per annum, payable in accordance with the Company's regular payroll schedule. Additionally, the Executive may be eligible for performance-based bonuses or incentives as determined by the Company. The compensation package may also include health benefits, retirement plans, and other benefits customary to senior executive positions. 4. Conflicts of Interest: During the term of this agreement, the Executive shall devote their full time, attention, and best efforts to the Company's business affairs. Furthermore, the Executive shall not engage in any other employment, consulting, or similar activities that would interfere with their duties and responsibilities without obtaining prior written consent from the Company. 5. Termination: This agreement may be terminated by either party for cause, as defined in the agreement. Additionally, either party may terminate this agreement without cause by providing [notice period, e.g., 60 days] written notice to the other party. In the event of termination, the Executive shall be entitled to receive any unpaid salary and benefits up to the date of termination. 6. Non-Disclosure and Non-Competition: The Executive shall maintain confidentiality regarding any confidential information, trade secrets, or proprietary data obtained during the course of employment. Furthermore, the Executive shall agree not to compete or solicit the Company's clients, customers, employees, or suppliers for a specified period after the termination of their employment. There may be different types of North Dakota Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer, tailored to specific circumstances such as: 1. Part-Time Employment Agreement: When the Executive assumes the role on a part-time basis, the agreement may outline the specific working hours, compensation, and duties to be performed. 2. Fixed-Term Employment Agreement: In situations where the Executive is hired for a predetermined period, such as a specific project or temporary assignment, the agreement may specify the exact start and end dates of employment. 3. Indefinite Employment Agreement: This type of agreement has no predetermined end date and ensures that the Executive remains employed until either the Company or the Executive decides to terminate the agreement. It is essential to consult legal counsel when drafting an employment agreement to ensure compliance with North Dakota labor laws and specific requirements for Executive positions.

North Dakota Sample Employment Agreement: This North Dakota Sample Employment Agreement is made between Velocity, Inc. (hereinafter referred to as "Company") and [Executive Vice President and Chief Financial Officer's Full Name] (hereinafter referred to as "Executive"). 1. Position and Duties: The Executive shall serve as the Executive Vice President and Chief Financial Officer of the Company. The Executive shall be responsible for overseeing all financial operations, financial planning, budgeting, financial reporting, and related functions, as well as other duties assigned by the Company's Board of Directors. 2. Term: The initial term of this agreement shall commence on [start date] and continue until [end date]. Following the initial term, this agreement may be renewed upon mutual agreement of the Company and the Executive. 3. Compensation: The Executive shall receive a base salary of [amount] per annum, payable in accordance with the Company's regular payroll schedule. Additionally, the Executive may be eligible for performance-based bonuses or incentives as determined by the Company. The compensation package may also include health benefits, retirement plans, and other benefits customary to senior executive positions. 4. Conflicts of Interest: During the term of this agreement, the Executive shall devote their full time, attention, and best efforts to the Company's business affairs. Furthermore, the Executive shall not engage in any other employment, consulting, or similar activities that would interfere with their duties and responsibilities without obtaining prior written consent from the Company. 5. Termination: This agreement may be terminated by either party for cause, as defined in the agreement. Additionally, either party may terminate this agreement without cause by providing [notice period, e.g., 60 days] written notice to the other party. In the event of termination, the Executive shall be entitled to receive any unpaid salary and benefits up to the date of termination. 6. Non-Disclosure and Non-Competition: The Executive shall maintain confidentiality regarding any confidential information, trade secrets, or proprietary data obtained during the course of employment. Furthermore, the Executive shall agree not to compete or solicit the Company's clients, customers, employees, or suppliers for a specified period after the termination of their employment. There may be different types of North Dakota Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer, tailored to specific circumstances such as: 1. Part-Time Employment Agreement: When the Executive assumes the role on a part-time basis, the agreement may outline the specific working hours, compensation, and duties to be performed. 2. Fixed-Term Employment Agreement: In situations where the Executive is hired for a predetermined period, such as a specific project or temporary assignment, the agreement may specify the exact start and end dates of employment. 3. Indefinite Employment Agreement: This type of agreement has no predetermined end date and ensures that the Executive remains employed until either the Company or the Executive decides to terminate the agreement. It is essential to consult legal counsel when drafting an employment agreement to ensure compliance with North Dakota labor laws and specific requirements for Executive positions.