Iowa Senior Executive Employment Agreement for Infocast Corp.

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9386
• Format: Word; Rich Text

Description

Senior Executive Employment Agreement between Infocast Corporation and Herve Seguin dated December 6, 1999. 13 pages. Iowa Senior Executive Employment Agreement for Info cast Corp. is a legally binding document that outlines the terms and conditions of employment for senior executives at Info cast Corp. This agreement is specifically designed to protect the rights and interests of both the company and the senior executives. The agreement begins by identifying the parties involved, namely Info cast Corp. and the senior executive. It also includes the effective date and duration of the employment agreement. The agreement may be for a fixed term or an indefinite period, depending on the specific circumstances. Key components of the Iowa Senior Executive Employment Agreement include: 1. Position and Duties: This section clearly defines the senior executive's position within the company and lists their primary responsibilities and job duties. It specifies the reporting structure, functional areas they will oversee, and any specific targets or goals they are expected to achieve. 2. Compensation and Benefits: This section outlines the senior executive's compensation package, which typically includes a base salary, performance bonuses, stock options, and other benefits such as health insurance, retirement plans, and vacation allowances. The details of compensation, including payment frequency, raise, and bonus conditions, are clearly defined. 3. Non-Disclosure and Non-Compete: To protect the company's proprietary information, trade secrets, and customer relationships, this section imposes obligations of confidentiality and non-competition on the senior executive during and after their employment. It restricts them from disclosing confidential information or engaging in competitive activities. 4. Termination: This section specifies the circumstances under which the agreement may be terminated, such as resignation, retirement, disability, or termination for cause. It also outlines the severance package the senior executive is entitled to upon termination, including any non-compete obligations that continue to apply post-employment. 5. Intellectual Property: This section clarifies that any intellectual property created by the senior executive during their employment belongs to the company. It ensures that any inventions, designs, patents, or copyrights are the sole property of Info cast Corp. 6. Governing Law and Dispute Resolution: This agreement is governed by the laws of the state of Iowa. It specifies the jurisdiction and venue for any legal disputes that may arise, as well as the process for resolving such disputes, typically through arbitration or mediation. In addition to the standard Iowa Senior Executive Employment Agreement, Info cast Corp. may have variations of the agreement based on different positions or levels of seniority within the company. These variations could include specific provisions related to executive roles such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), or any other senior executive titles within the organization. Each agreement would be tailored to the unique responsibilities and requirements of the respective position.

Iowa Senior Executive Employment Agreement for Info cast Corp. is a legally binding document that outlines the terms and conditions of employment for senior executives at Info cast Corp. This agreement is specifically designed to protect the rights and interests of both the company and the senior executives. The agreement begins by identifying the parties involved, namely Info cast Corp. and the senior executive. It also includes the effective date and duration of the employment agreement. The agreement may be for a fixed term or an indefinite period, depending on the specific circumstances. Key components of the Iowa Senior Executive Employment Agreement include: 1. Position and Duties: This section clearly defines the senior executive's position within the company and lists their primary responsibilities and job duties. It specifies the reporting structure, functional areas they will oversee, and any specific targets or goals they are expected to achieve. 2. Compensation and Benefits: This section outlines the senior executive's compensation package, which typically includes a base salary, performance bonuses, stock options, and other benefits such as health insurance, retirement plans, and vacation allowances. The details of compensation, including payment frequency, raise, and bonus conditions, are clearly defined. 3. Non-Disclosure and Non-Compete: To protect the company's proprietary information, trade secrets, and customer relationships, this section imposes obligations of confidentiality and non-competition on the senior executive during and after their employment. It restricts them from disclosing confidential information or engaging in competitive activities. 4. Termination: This section specifies the circumstances under which the agreement may be terminated, such as resignation, retirement, disability, or termination for cause. It also outlines the severance package the senior executive is entitled to upon termination, including any non-compete obligations that continue to apply post-employment. 5. Intellectual Property: This section clarifies that any intellectual property created by the senior executive during their employment belongs to the company. It ensures that any inventions, designs, patents, or copyrights are the sole property of Info cast Corp. 6. Governing Law and Dispute Resolution: This agreement is governed by the laws of the state of Iowa. It specifies the jurisdiction and venue for any legal disputes that may arise, as well as the process for resolving such disputes, typically through arbitration or mediation. In addition to the standard Iowa Senior Executive Employment Agreement, Info cast Corp. may have variations of the agreement based on different positions or levels of seniority within the company. These variations could include specific provisions related to executive roles such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), or any other senior executive titles within the organization. Each agreement would be tailored to the unique responsibilities and requirements of the respective position.