Colorado Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development This Colorado Sample Employment Agreement sets forth the terms and conditions of the employment arrangement between Velocity, Inc. (referred to as "the Company") and the Senior Vice President of Business Development (referred to as "the Employee"). 1. Position and Duties: The Employee shall serve as the Senior Vice President of Business Development for the Company. In this role, the Employee shall be responsible for leading and managing all business development activities, including identifying growth opportunities, establishing strategic partnerships, and negotiating deals. 2. Employment Term: This agreement shall commence on the effective date and continue until terminated as per the provisions of this agreement. 3. Compensation: The Employee shall receive a competitive compensation package, including a base salary, annual bonuses, and benefits in accordance with the Company's policies and practices. 4. Confidentiality and Non-Disclosure: The Employee agrees to maintain the confidentiality of all proprietary and confidential information of the Company, both during and after the employment term, and shall not disclose such information to third parties. 5. Intellectual Property: Any inventions, developments, or intellectual property created by the Employee during the course of employment shall be deemed the property of the Company. 6. Termination: The agreement may be terminated by either party upon providing a written notice of termination within a specified notice period or upon the occurrence of certain events, such as material breach of obligations or insolvency. 7. Non-Competition and Non-Solicitation: To protect the Company's interests, the Employee agrees not to engage in any competition with the Company or solicit clients, employees, or business partners for a specified period after the termination of employment. 8. Governing Law: This agreement shall be governed by and construed in accordance with the laws of the State of Colorado. Additional types of Colorado Sample Employment Agreements between Velocity, Inc. and Senior Vice President of Business Development could include: 1. Colorado Sample Employment Agreement with Non-Compete Clause: This agreement would include more specific provisions regarding non-compete restrictions applicable to the Senior Vice President of Business Development. 2. Colorado Sample Employment Agreement with Equity Grants: This agreement would outline the terms and conditions of equity grants, such as stock options or restricted stock units, provided to the Senior Vice President of Business Development as part of their compensation package. 3. Colorado Sample Employment Agreement with Change of Control Provision: This agreement would include provisions addressing the consequences and benefits for the Senior Vice President of Business Development in the event of a change in ownership or control of the Company.