Connecticut Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development Effective Date: [Date] This employment agreement (the "Agreement") is made and entered into by and between Velocity, Inc. (the "Company"), having its principal place of business in [Location], Connecticut, and [Senior Vice President's Name] (the "Employee"), residing at [Employee's Address]. Recitals: 1. The Company is engaged in [Brief Description of Company's Business]. 2. The Employee possesses unique knowledge, skills, and experience in the field of business development. 3. The Company desires to employ the Employee as its Senior Vice President of Business Development. Agreement: 1. Position and Responsibilities: a. The Employee shall serve as the Senior Vice President of Business Development, reporting directly to the CEO. b. The Employee's primary responsibilities will include [Specific Duties and Responsibilities]. c. The Employee agrees to perform all duties assigned to them to the best of their ability. 2. Full-Time Employment: a. The Employee agrees to devote their full-time efforts to the Company during the term of this Agreement. b. The Employee shall not engage in any other employment or consulting activities that may interfere with their duties to the Company without obtaining prior written consent from the CEO. 3. Compensation and Benefits: a. Base Salary: The Employee shall receive a monthly salary of [Amount, e.g., EX]. b. Bonus: The Employee may be eligible for a performance-based annual bonus, as determined by the CEO or the Board of Directors. c. Benefits: The Company shall provide the Employee with standard benefits offered to senior executives, including health insurance, retirement plans, and vacation time. 4. Confidentiality and Non-Disclosure: a. The Employee shall maintain the confidentiality of all Company proprietary information obtained during their employment. b. The Employee shall not disclose or use any confidential information, including trade secrets or client information, for personal gain or to the detriment of the Company during or after their employment. 5. Non-Competition and Non-Solicitation: a. During their employment and for a period of [X years] following termination, the Employee shall not engage in any business or employment that directly competes with the Company's business within [Geographical Area]. b. The Employee shall not directly or indirectly solicit the Company's clients, employees, or business partners for their own benefit or the benefit of a competing business. 6. Termination: a. Termination for Cause: The Company may terminate this Agreement with cause, including but not limited to the Employee's willful misconduct, fraud, or breach of fiduciary duty. b. Termination without Cause: The Company may terminate this Agreement without cause upon [Notice Period, e.g., 30 days]. c. Resignation: The Employee may terminate this Agreement by providing [Notice Period, e.g., 60 days] written notice to the CEO. This Agreement represents the entire understanding between the parties hereto and supersedes all prior discussions, understandings, or agreements. Any modification or amendment to this Agreement must be in writing and signed by both parties. IN WITNESS WHEREOF, the parties hereto have executed this Sample Employment Agreement as of the Effective Date. Velocity, Inc. By: [Authorized Signatory] Title: [Title] Employee: [Senior Vice President's Name] Different Types of Connecticut Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development: — Full-Time Employment Agreement with Fixed-Term: This type of agreement specifies a specific duration for the employment, after which it automatically terminates. — Full-Time Employment Agreement with Indefinite Term: This agreement does not have a set end date and continues until either party terminates it. — Part-Time Employment Agreement: This agreement outlines the terms of employment for the Senior Vice President of Business Development on a part-time basis, specifying the number of hours worked per week or month. — Fixed-Term Contract: This contract establishes a predetermined duration for the employment relationship, with a specified start and end date. — At-will Employment Agreement: This type of agreement allows either party to terminate the employment relationship at any time, with or without cause or notice, following the applicable state and federal laws.
Connecticut Sample Employment Agreement between Telocity, Inc. and Senior Vice President of Business Development
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How to fill out Connecticut Sample Employment Agreement Between Telocity, Inc. And Senior Vice President Of Business Development?
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FAQ
Employment contracts generally have specific contract terms such as effective date, type of employment, notice, termination, dispute process, applicable law and severability.
An employment contract is a legally binding agreement between an employer and employee used to define the working relationship. You can use one to outline the employee's role and responsibilities within the business as well as to outline their compensation and any benefits they might receive.
Here are some steps you may use to guide you when you write an employment contract: Title the employment contract. ... Identify the parties. ... List the term and conditions. ... Outline the job responsibilities. ... Include compensation details. ... Use specific contract terms. ... Consult with an employment lawyer.
As compensation for your services to the Company, you will receive $10,000 in cash per year compensation as set forth on Schedule B attached hereto (hereinafter, the "Compensation") for serving on the Board starting from the date of this Agreement, which shall be paid to you quarterly in arrears during your term as ...
Negotiable contract terms include executive compensation, bonus structure, stock, options or long term incentives, relocation, tax gross-ups, severance terms and triggers and other key terms. These are all important issues, worth your time and consideration.
Negotiable contract terms include executive compensation, bonus structure, stock, options or long term incentives, relocation, tax gross-ups, severance terms and triggers and other key terms. These are all important issues, worth your time and consideration.
The full names of the employer and employee. The address of the employer. The place of work, or where there is no fixed or main place of work, a statement stating that there are various places or you are free to set your own place of work or to work at various places. The date the employment started.
Term. Often, the initial term of a CEO contract is between two and five years. A key factor to consider is the variety of ways in which the term can end before the contract expires. The term and termination provisions are intimately intertwined and need to be coordinated.