This form is a generic example of a contract between a Professional Sports Team and the Head Coach. It covers such provisions as:
" Employment Duties;
" Term and Renewal;
" Compensation (both regular and supplemental);
" Duties
" Ground for Termination and Consequences of Termination
The Georgia Employment Contract between a college and a coach of a college sports team with retention rate incentive compensation is a legally binding agreement that outlines the terms and conditions of employment for the coach. This contract is specifically designed to incentivize the coach to stay with the college for an extended period by offering additional compensation based on the retention rate of student-athletes. The key components of this employment contract include: 1. Parties involved: The contract will identify the college as the employer and the coach as the employee. It will also include their full legal names, addresses, and contact information. 2. Term of employment: The contract will specify the duration of the coach's employment, typically including a start and end date. It may also contain clauses for potential contract extensions or early termination. 3. Duties and responsibilities: The contract will outline the specific job duties and responsibilities of the coach, such as coaching the team, recruiting players, and maintaining a high standard of ethics and compliance with NCAA rules and regulations. 4. Compensation: The contract will detail the coach's base salary, any additional benefits, and the retention rate incentive compensation. The incentive compensation is typically structured to reward the coach based on the percentage of student-athletes who remain enrolled and actively participate on the team. 5. Performance evaluation: The contract may include provisions for performance evaluations to determine the coach's eligibility for retention rate incentive compensation. These evaluations may consider factors such as team success, academic progress of student-athletes, and overall program development. 6. Termination clauses: The contract will outline the circumstances under which either party can terminate the agreement, including for cause (e.g., violation of NCAA rules, misconduct) or without cause (e.g., budget cuts, change in athletic department leadership). 7. Confidentiality and non-compete agreements: The contract may include provisions to protect sensitive information, trade secrets, or proprietary knowledge shared between the college and the coach. It may also restrict the coach from coaching or recruiting for rival institutions during and after their employment. Types of Georgia Employment Contracts between College and Coach of College Sports Team with Retention Rate Incentive Compensation may include variations based on the specific sport, level of competition, and the college's financial capabilities. For example, a Division I basketball program may have a different contract structure compared to a Division III soccer team. It is essential for colleges to customize employment contracts to meet their unique needs while complying with NCAA regulations and state employment laws.
