Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer (CFO) This Employment Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President and Chief Financial Officer's Full Name] ("Executive") on [Date]. 1. Position and Responsibilities: Executive shall serve as the Vice President and Chief Financial Officer of the Company. Executive's responsibilities include but are not limited to: — Overseeing all financial operations of the Company — Providing guidance and counsel to the executive team regarding financial decisions — Developing and implementing financial strategies to drive the Company's growth — Preparing and presenting financial reports to the Board of Directors and stakeholders 2. Employment Term: The Agreement is effective from [Start Date] and shall continue until either party terminates the agreement with a notice period of [Notice Period]. 3. Compensation: Executive shall receive the following compensation: — Base salary of [Amount] payable in [Frequency] — Annual performance bonus based on mutually agreed performance metrics — Stock options or equity grants, subject to the Company's stock option plan — Healthcare and other benefits as per the Company's policies — Reimbursement for reasonable business expenses incurred in the course of employment 4. Non-Disclosure and Confidentiality: Executive agrees to maintain the confidentiality of all proprietary and confidential information obtained during the course of employment. This includes trade secrets, financial data, customer information, and any other classified or sensitive information of the Company. 5. Non-Competition and Non-Solicitation: During the term of employment and for a specified period post-termination, Executive shall not engage in any activities that could compete with the Company or solicit its employees, customers, or suppliers. 6. Termination: This Agreement may be terminated by either party under certain circumstances including, but not limited to, resignation, retirement, disability, death, or breach of contract. Additional Types of Sample Guam Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer: 1. Temporary Employment Agreement: This agreement is suitable for temporary employment contracts, often used to fill an interim CFO position or during an executive search process. 2. Contract-to-Hire Employment Agreement: Employment is initially on a contractual basis, with an option to convert the agreement into a long-term employment relationship based on performance and mutual agreement. These variations of the Sample Employment Agreement provide flexibility for different employment arrangements between Velocity, Inc. and the Executive Vice President and Chief Financial Officer, depending on the specific needs and circumstances.