Oregon 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 Oregon Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer provides a comprehensive outline of the terms and conditions of the employment relationship between the company and the MVP & CFO. This agreement ensures clarity and fairness in all aspects of the employment, setting forth rights, duties, and responsibilities of both parties involved. 1. Introduction: The introduction section of the agreement outlines the basic details, such as the effective date of the agreement, parties involved, and other important introductory information. 2. Position and Duties: This section defines the specific position of the MVP & CFO within Velocity, Inc. It outlines the responsibilities, duties, and expectations of the executive in their role, including overseeing financial operations, strategic planning, and advising the company on financial matters. 3. Compensation and Benefits: The compensation and benefits section details the MVP & CFO's salary or hourly wage, bonus structure, and any other forms of remuneration the executive is entitled to. It also covers information on health insurance, retirement plans, vacation, sick leave, and other benefits offered by the company. 4. Confidentiality and Non-Disclosure: Confidentiality and non-disclosure agreements are essential to protect the company's proprietary information, trade secrets, and sensitive data. This section strictly prohibits the MVP & CFO from disclosing or misusing confidential information during and after the employment. 5. Non-Compete and Non-Solicitation: This section imposes restrictions on the MVP & CFO from engaging in any activities that may compete with or harm the interests of Velocity, Inc. It may also include non-solicitation clauses, preventing the executive from poaching employees, customers, or suppliers. 6. Term and Termination: The agreement defines the length of the employment period and establishes the conditions under which either party can terminate the contract. It may include provisions for termination with or without cause, notice periods, severance packages, and post-termination obligations. 7. Intellectual Property: To protect the company's intellectual property, this section stipulates that any inventions, discoveries, or creations made by the MVP & CFO in the scope of their employment belong to Velocity, Inc. It also addresses the usage and ownership of pre-existing intellectual property brought by the executive. 8. Dispute Resolution: In the event of a legal dispute, this section outlines the methods by which disagreements will be resolved. It may include clauses for mediation, arbitration, or litigation, along with the choice of governing laws and jurisdiction. Types of Oregon Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer can vary based on the specific needs and circumstances of the company. Some additional variations may include: — Fixed-term Employment Agreement: Specifies a predetermined duration of employment, typically used for specific projects or temporary positions. — Part-Time Employment Agreement: Outlines the terms for an MVP & CFO working less than full-time hours, including prorated compensation and benefits. — Change of Control Agreement: This agreement becomes effective in the event of a merger, acquisition, or change in control of the company, safeguarding the MVP & CFO's rights and benefits during the transition. It is important to consult legal professionals while drafting or finalizing any employment agreement to ensure compliance with relevant state laws and regulations.

Oregon Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer provides a comprehensive outline of the terms and conditions of the employment relationship between the company and the MVP & CFO. This agreement ensures clarity and fairness in all aspects of the employment, setting forth rights, duties, and responsibilities of both parties involved. 1. Introduction: The introduction section of the agreement outlines the basic details, such as the effective date of the agreement, parties involved, and other important introductory information. 2. Position and Duties: This section defines the specific position of the MVP & CFO within Velocity, Inc. It outlines the responsibilities, duties, and expectations of the executive in their role, including overseeing financial operations, strategic planning, and advising the company on financial matters. 3. Compensation and Benefits: The compensation and benefits section details the MVP & CFO's salary or hourly wage, bonus structure, and any other forms of remuneration the executive is entitled to. It also covers information on health insurance, retirement plans, vacation, sick leave, and other benefits offered by the company. 4. Confidentiality and Non-Disclosure: Confidentiality and non-disclosure agreements are essential to protect the company's proprietary information, trade secrets, and sensitive data. This section strictly prohibits the MVP & CFO from disclosing or misusing confidential information during and after the employment. 5. Non-Compete and Non-Solicitation: This section imposes restrictions on the MVP & CFO from engaging in any activities that may compete with or harm the interests of Velocity, Inc. It may also include non-solicitation clauses, preventing the executive from poaching employees, customers, or suppliers. 6. Term and Termination: The agreement defines the length of the employment period and establishes the conditions under which either party can terminate the contract. It may include provisions for termination with or without cause, notice periods, severance packages, and post-termination obligations. 7. Intellectual Property: To protect the company's intellectual property, this section stipulates that any inventions, discoveries, or creations made by the MVP & CFO in the scope of their employment belong to Velocity, Inc. It also addresses the usage and ownership of pre-existing intellectual property brought by the executive. 8. Dispute Resolution: In the event of a legal dispute, this section outlines the methods by which disagreements will be resolved. It may include clauses for mediation, arbitration, or litigation, along with the choice of governing laws and jurisdiction. Types of Oregon Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer can vary based on the specific needs and circumstances of the company. Some additional variations may include: — Fixed-term Employment Agreement: Specifies a predetermined duration of employment, typically used for specific projects or temporary positions. — Part-Time Employment Agreement: Outlines the terms for an MVP & CFO working less than full-time hours, including prorated compensation and benefits. — Change of Control Agreement: This agreement becomes effective in the event of a merger, acquisition, or change in control of the company, safeguarding the MVP & CFO's rights and benefits during the transition. It is important to consult legal professionals while drafting or finalizing any employment agreement to ensure compliance with relevant state laws and regulations.