Arkansas Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9117
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Scott Martin as Executive Vice President, Chief Administrative Officer and Corporate Secretary dated Dec. 8, 1999.10 pages Arkansas Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This employment agreement (the "Agreement") is made and entered into as of [Date], between Velocity, Inc. (the "Company") and [Executive Vice President Chief Administrative Officer and Corporate Secretary] (the "Executive"). 1. Duties and Position: a. The Executive agrees to serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. The Executive's duties shall include but not be limited to, overseeing administrative operations, managing corporate communications, and providing strategic guidance and support to the Company's leadership team. b. The Executive shall report directly to the Chief Executive Officer (CEO) of the Company. The Executive agrees to perform the duties assigned diligently, professionally, and to the best of their abilities. 2. Term of Employment: a. The Executive's employment under this Agreement shall commence on [Start Date] and shall continue for an initial term of [Number of Years] years, unless terminated earlier than provided herein. b. Upon completion of the initial term, this Agreement shall automatically renew for successive [Number of Years] year terms unless either party provides written notice of non-renewal at least [Number of Days] days prior to the end of the then-current term. 3. Compensation and Benefits: a. Base Salary: The Executive shall receive an annual base salary of [Dollar Amount], payable in accordance with the Company's standard payroll schedule. b. Incentive Compensation: The Executive shall be eligible to participate in the Company's incentive compensation plans, as determined by the Board of Directors or Compensation Committee. c. Benefits: The Executive shall be entitled to participate in the employee benefit programs offered by the Company. The details of these benefits shall be outlined in the Company's employee handbook or policies. 4. Termination: a. Termination for Cause: The Company may terminate the Executive's employment for cause if the Executive engages in willful misconduct, gross negligence, or a material violation of the Company's policies. In such cases, the Company shall provide written notice of termination and the Executive shall not be entitled to any further compensation or benefits, except as required by law. b. Termination without Cause: The Company may terminate the Executive's employment without cause by providing [Number of Days] days' notice or payment in lieu of notice. In this case, the Executive shall be entitled to receive severance pay, continuation of benefits, and other rights and benefits in accordance with the Company's severance policy. 5. Confidentiality and Non-Compete: a. During the term of employment and after termination, the Executive shall maintain the confidentiality of the Company's trade secrets, confidential information, and proprietary information. The Executive shall not disclose or use such information for personal gain or the benefit of any other organization. b. The Executive agrees not to engage in any activities that directly compete with the Company's business during employment and for a period of [Number of Months/Years] after termination. 6. Governing Law and Venue: a. This Agreement shall be governed by the laws of the State of Arkansas. b. Any disputes arising out of or related to this Agreement shall be resolved exclusively in the state or federal courts located in [County], Arkansas. Other types of Arkansas Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: — Part-time or Contractual Employment Agreement: If the Executive Vice President Chief Administrative Officer and Corporate Secretary position is offered on a part-time or contractual basis, a separate agreement may be drafted to outline the terms and conditions specific to such employment arrangements. — Specific Term Agreement: Instead of an open-ended employment agreement, a specific term agreement could be used, specifying the exact duration of employment. For example, a two-year agreement where the employment terminates automatically at the end of the term. — Change in Control Agreement: In the event of a change in control or ownership of the Company, a Change in Control Agreement could be executed to provide the Executive with additional benefits or protections, such as accelerated vesting of equity or severance pay. It is important to consult with legal professionals to draft an employment agreement that aligns with the specific requirements and regulations of the State of Arkansas and addresses the unique circumstances of the position and the parties involved.

Arkansas Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This employment agreement (the "Agreement") is made and entered into as of [Date], between Velocity, Inc. (the "Company") and [Executive Vice President Chief Administrative Officer and Corporate Secretary] (the "Executive"). 1. Duties and Position: a. The Executive agrees to serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. The Executive's duties shall include but not be limited to, overseeing administrative operations, managing corporate communications, and providing strategic guidance and support to the Company's leadership team. b. The Executive shall report directly to the Chief Executive Officer (CEO) of the Company. The Executive agrees to perform the duties assigned diligently, professionally, and to the best of their abilities. 2. Term of Employment: a. The Executive's employment under this Agreement shall commence on [Start Date] and shall continue for an initial term of [Number of Years] years, unless terminated earlier than provided herein. b. Upon completion of the initial term, this Agreement shall automatically renew for successive [Number of Years] year terms unless either party provides written notice of non-renewal at least [Number of Days] days prior to the end of the then-current term. 3. Compensation and Benefits: a. Base Salary: The Executive shall receive an annual base salary of [Dollar Amount], payable in accordance with the Company's standard payroll schedule. b. Incentive Compensation: The Executive shall be eligible to participate in the Company's incentive compensation plans, as determined by the Board of Directors or Compensation Committee. c. Benefits: The Executive shall be entitled to participate in the employee benefit programs offered by the Company. The details of these benefits shall be outlined in the Company's employee handbook or policies. 4. Termination: a. Termination for Cause: The Company may terminate the Executive's employment for cause if the Executive engages in willful misconduct, gross negligence, or a material violation of the Company's policies. In such cases, the Company shall provide written notice of termination and the Executive shall not be entitled to any further compensation or benefits, except as required by law. b. Termination without Cause: The Company may terminate the Executive's employment without cause by providing [Number of Days] days' notice or payment in lieu of notice. In this case, the Executive shall be entitled to receive severance pay, continuation of benefits, and other rights and benefits in accordance with the Company's severance policy. 5. Confidentiality and Non-Compete: a. During the term of employment and after termination, the Executive shall maintain the confidentiality of the Company's trade secrets, confidential information, and proprietary information. The Executive shall not disclose or use such information for personal gain or the benefit of any other organization. b. The Executive agrees not to engage in any activities that directly compete with the Company's business during employment and for a period of [Number of Months/Years] after termination. 6. Governing Law and Venue: a. This Agreement shall be governed by the laws of the State of Arkansas. b. Any disputes arising out of or related to this Agreement shall be resolved exclusively in the state or federal courts located in [County], Arkansas. Other types of Arkansas Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: — Part-time or Contractual Employment Agreement: If the Executive Vice President Chief Administrative Officer and Corporate Secretary position is offered on a part-time or contractual basis, a separate agreement may be drafted to outline the terms and conditions specific to such employment arrangements. — Specific Term Agreement: Instead of an open-ended employment agreement, a specific term agreement could be used, specifying the exact duration of employment. For example, a two-year agreement where the employment terminates automatically at the end of the term. — Change in Control Agreement: In the event of a change in control or ownership of the Company, a Change in Control Agreement could be executed to provide the Executive with additional benefits or protections, such as accelerated vesting of equity or severance pay. It is important to consult with legal professionals to draft an employment agreement that aligns with the specific requirements and regulations of the State of Arkansas and addresses the unique circumstances of the position and the parties involved.