This form provides for an amendment to an existing executive employment agreement. The company desires to amend the agreement to provide for an increase in certain stock options in return for a reduction in the executives salary. The company also desires to encourage the executive to strive for the profitability and success of the company and desires to assure both itself and the executive of the continuity of management in the event of any actual or threatened change in control of the company.
Collin Texas Amendment to Section 5(c) of Employment Agreement refers to a specific type of modification made to the employment agreement in Collin County, Texas. This particular amendment targets Section 5(c) of the agreement, which typically covers a particular aspect related to the employee's compensation, benefits, or working conditions. The Amendment is usually added to the existing Employment Agreement to address any changes, updates, or enhancements to the Section 5(c) clause. By implementing this amendment, both the employer and the employee are bound to adhere to the new terms and conditions outlined in the agreement. It is worth noting that there may be various types or variations of the Collin Texas Amendment to Section 5(c) of Employment Agreement, depending on the specific changes being made. Some possible variations could include: 1. Amendment to Section 5(c) — Compensation: This type of amendment focuses on modifying the compensation or salary-related terms stated in Section 5(c) of the original employment agreement. It may include changes such as salary increments, bonuses, commissions, or any other financial aspect related to the employee's remuneration. 2. Amendment to Section 5(c) — Benefits: This variation is concerned with modifying the benefits package provided to the employee as described in Section 5(c). It might encompass alterations to healthcare coverage, retirement plans, vacation days, or any other employee benefits outlined in the agreement. 3. Amendment to Section 5(c) — Working Conditions: This type of amendment aims to address changes to the employee's working conditions, as specified in Section 5(c). It could involve adjustments to the working hours, remote work arrangements, workplace accommodations, or any other aspects related to the employee's working environment. In order to create a Collin Texas Amendment to Section 5(c) of an Employment Agreement, a blank copy of the Agreement is typically provided. This blank copy allows the parties involved to make the necessary changes within Section 5(c) and incorporate them into the main agreement in a formal and legally binding manner. Thus, the Collin Texas Amendment to Section 5(c) of an Employment Agreement is a crucial tool for employers and employees in Collin County, Texas, to modify specific clauses within their employment contract and ensure that both parties are informed and in agreement with the new terms and conditions.
Collin Texas Amendment to Section 5(c) of Employment Agreement refers to a specific type of modification made to the employment agreement in Collin County, Texas. This particular amendment targets Section 5(c) of the agreement, which typically covers a particular aspect related to the employee's compensation, benefits, or working conditions. The Amendment is usually added to the existing Employment Agreement to address any changes, updates, or enhancements to the Section 5(c) clause. By implementing this amendment, both the employer and the employee are bound to adhere to the new terms and conditions outlined in the agreement. It is worth noting that there may be various types or variations of the Collin Texas Amendment to Section 5(c) of Employment Agreement, depending on the specific changes being made. Some possible variations could include: 1. Amendment to Section 5(c) — Compensation: This type of amendment focuses on modifying the compensation or salary-related terms stated in Section 5(c) of the original employment agreement. It may include changes such as salary increments, bonuses, commissions, or any other financial aspect related to the employee's remuneration. 2. Amendment to Section 5(c) — Benefits: This variation is concerned with modifying the benefits package provided to the employee as described in Section 5(c). It might encompass alterations to healthcare coverage, retirement plans, vacation days, or any other employee benefits outlined in the agreement. 3. Amendment to Section 5(c) — Working Conditions: This type of amendment aims to address changes to the employee's working conditions, as specified in Section 5(c). It could involve adjustments to the working hours, remote work arrangements, workplace accommodations, or any other aspects related to the employee's working environment. In order to create a Collin Texas Amendment to Section 5(c) of an Employment Agreement, a blank copy of the Agreement is typically provided. This blank copy allows the parties involved to make the necessary changes within Section 5(c) and incorporate them into the main agreement in a formal and legally binding manner. Thus, the Collin Texas Amendment to Section 5(c) of an Employment Agreement is a crucial tool for employers and employees in Collin County, Texas, to modify specific clauses within their employment contract and ensure that both parties are informed and in agreement with the new terms and conditions.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.