Florida Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9116
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Edward J. Hayes, Jr. as Executive Vice President and Chief Financial Officer dated January 3, 2000. 11 pages [Header] Florida Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer [Introduction] This Florida Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "Company") and the Executive Vice President and Chief Financial Officer (hereinafter referred to as "CFO") to outline the terms and conditions of their employment relationship. This agreement sets forth the rights and responsibilities of the CFO and establishes a framework for a successful partnership between the executive and the company. [Key Terms and Conditions] 1. Position and Title: The CFO shall serve as the Executive Vice President and shall hold the position of Chief Financial Officer of the Company. The CFO's duties, responsibilities, and objectives shall include but are not limited to financial planning, budgeting, risk management, and other finance-related activities. 2. Term of Employment: This agreement stipulates that the CFO's employment with the Company shall commence on a specific date and continue until terminated by either party with prior notice in accordance with the agreed terms. 3. Compensation and Benefits: The CFO shall receive a competitive base salary, payable in regular installments. In addition to the base salary, the CFO is eligible for performance-based bonuses, equity incentives, and other benefits as outlined in the Company's compensation policy. 4. Confidentiality and Non-Disclosure: To protect the company's proprietary information, the CFO shall sign a separate confidentiality agreement that outlines the strict obligations to maintain confidentiality both during the employment term and after termination. 5. Non-Competition and Non-Solicitation: The CFO shall be subject to non-competition and non-solicitation provisions to prevent them from engaging in competitive activities or soliciting the company's clients, employees, or customers during their employment and for a specified period after termination. [Additional clauses] — Termination provisions, specifying the circumstances under which either party may terminate the agreement. — Severance provisions, defining the severance package to be provided to the CFO in the event of termination without cause. — Governing law and jurisdiction, specifying that Florida law governs the agreement, and any disputes shall be resolved within the state courts of Florida. [Types of Florida Sample Employment Agreements for CFOs] 1. Sample Executive Employment Agreement for CFOs: This agreement outlines the terms and conditions specific to CFOs, including their roles, responsibilities, compensation, and other relevant clauses mentioned above. 2. Sample Non-Disclosure and Non-Compete Agreement for CFOs: This agreement focuses on preserving the company's confidential information and protecting its business interests by preventing the CFO from disclosing company secrets and engaging in competitive activities. 3. Sample Severance Agreement for CFOs: This agreement provides details on the severance package arrangements for CFOs, ensuring a smooth transition in the event of termination without cause. Note: The above descriptions are general, and specific agreement templates may vary depending on the company's requirements, industry practices, and legal advisement.

[Header] Florida Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer [Introduction] This Florida Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "Company") and the Executive Vice President and Chief Financial Officer (hereinafter referred to as "CFO") to outline the terms and conditions of their employment relationship. This agreement sets forth the rights and responsibilities of the CFO and establishes a framework for a successful partnership between the executive and the company. [Key Terms and Conditions] 1. Position and Title: The CFO shall serve as the Executive Vice President and shall hold the position of Chief Financial Officer of the Company. The CFO's duties, responsibilities, and objectives shall include but are not limited to financial planning, budgeting, risk management, and other finance-related activities. 2. Term of Employment: This agreement stipulates that the CFO's employment with the Company shall commence on a specific date and continue until terminated by either party with prior notice in accordance with the agreed terms. 3. Compensation and Benefits: The CFO shall receive a competitive base salary, payable in regular installments. In addition to the base salary, the CFO is eligible for performance-based bonuses, equity incentives, and other benefits as outlined in the Company's compensation policy. 4. Confidentiality and Non-Disclosure: To protect the company's proprietary information, the CFO shall sign a separate confidentiality agreement that outlines the strict obligations to maintain confidentiality both during the employment term and after termination. 5. Non-Competition and Non-Solicitation: The CFO shall be subject to non-competition and non-solicitation provisions to prevent them from engaging in competitive activities or soliciting the company's clients, employees, or customers during their employment and for a specified period after termination. [Additional clauses] — Termination provisions, specifying the circumstances under which either party may terminate the agreement. — Severance provisions, defining the severance package to be provided to the CFO in the event of termination without cause. — Governing law and jurisdiction, specifying that Florida law governs the agreement, and any disputes shall be resolved within the state courts of Florida. [Types of Florida Sample Employment Agreements for CFOs] 1. Sample Executive Employment Agreement for CFOs: This agreement outlines the terms and conditions specific to CFOs, including their roles, responsibilities, compensation, and other relevant clauses mentioned above. 2. Sample Non-Disclosure and Non-Compete Agreement for CFOs: This agreement focuses on preserving the company's confidential information and protecting its business interests by preventing the CFO from disclosing company secrets and engaging in competitive activities. 3. Sample Severance Agreement for CFOs: This agreement provides details on the severance package arrangements for CFOs, ensuring a smooth transition in the event of termination without cause. Note: The above descriptions are general, and specific agreement templates may vary depending on the company's requirements, industry practices, and legal advisement.