An Employment Agreement of Executive is a contract between an executive and an employer that outlines the terms and conditions of the executive's employment. This type of agreement is typically used when an executive is hired in a high-level position, such as a Chief Executive Officer (CEO), Chief Financial Officer (CFO), or other executive-level role. The agreement will typically outline the executive's duties and responsibilities, compensation and benefits, duration of employment, termination and severance terms, and other important provisions. There are three common types of Employment Agreement of Executive: 1. Fixed-Term Employment Agreement: This type of agreement outlines a specific term of employment, typically for a short period of time, such as one or two years. 2. Indefinite Employment Agreement: This type of agreement outlines an executive's employment without specifying a definite end date. 3. Performance-Based Employment Agreement: This type of agreement outlines a performance-based compensation structure and provides incentives for the executive to meet certain goals or objectives.