Louisiana Sample Employment Agreement between Telocity, Inc. and President and Chief Executive Officer

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9108
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Patricia Manuel as President and Chief Executive Officer dated May 5, 1999. 9 pages Louisiana Sample Employment Agreement between Velocity, Inc. and President and Chief Executive Officer This Louisiana Sample Employment Agreement (the "Agreement") is entered into as of [date], by and between Velocity, Inc., a [state] corporation with its principal place of business at [address] (hereinafter referred to as "Company"), and [President and Chief Executive Officer's Name], an individual residing at [address] (hereinafter referred to as "Executive"). 1. Position and Responsibilities: Executive shall serve as the President and Chief Executive Officer of Velocity, Inc., reporting directly to the Board of Directors. The Executive's duties and responsibilities shall include [list of specific responsibilities], as determined by the Board. 2. Term of Agreement: The initial term of this Agreement shall commence on [date] and shall continue for a period of [number] years, unless terminated earlier than provided in this Agreement. Upon completion of the initial term, this Agreement shall automatically renew for successive [number]-year terms, unless either party gives written notice of non-renewal at least [number] days prior to the end of the then-current term. 3. Compensation and Benefits: (a) Base Salary: Executive shall receive a base salary of $[amount] per year, payable in accordance with the usual payroll practices of the Company. (b) Bonus: Executive shall be eligible to receive a performance-based annual bonus, at the discretion of the Board, with a target bonus of [number]% of the Executive's base salary. © Benefits: Executive shall be entitled to participate in the Company's employee benefit plans, including health insurance, retirement plans, and vacation policies, subject to the terms and conditions of those plans. 4. Termination: (a) Termination for Cause: Company may terminate this Agreement for cause if Executive engages in any willful misconduct, fraud, or material breach of the Agreement. (b) Termination Without Cause: Company may terminate this Agreement without cause upon [number] days' written notice to Executive. © Resignation: Executive may resign from employment upon [number] days' written notice to Company. [Include additional provisions and clauses as necessary, such as non-compete, confidentiality, and dispute resolution.] Types of Louisiana Sample Employment Agreements between Velocity, Inc. and President and Chief Executive Officer: 1. Fixed-term Employment Agreement: This type of agreement outlines a specific term for the employment, after which it may renew or terminate. 2. At-will Employment Agreement: This type of agreement does not specify a fixed term and allows either party (Company or Executive) to terminate the employment relationship at any time, with or without cause. 3. Executive Employment Agreement with Change in Control Provision: This type of agreement is relevant when Velocity, Inc. goes through a change in ownership or control. It provides additional protection to the Executive in case of a merger, acquisition, or other significant corporate event.

Louisiana Sample Employment Agreement between Velocity, Inc. and President and Chief Executive Officer This Louisiana Sample Employment Agreement (the "Agreement") is entered into as of [date], by and between Velocity, Inc., a [state] corporation with its principal place of business at [address] (hereinafter referred to as "Company"), and [President and Chief Executive Officer's Name], an individual residing at [address] (hereinafter referred to as "Executive"). 1. Position and Responsibilities: Executive shall serve as the President and Chief Executive Officer of Velocity, Inc., reporting directly to the Board of Directors. The Executive's duties and responsibilities shall include [list of specific responsibilities], as determined by the Board. 2. Term of Agreement: The initial term of this Agreement shall commence on [date] and shall continue for a period of [number] years, unless terminated earlier than provided in this Agreement. Upon completion of the initial term, this Agreement shall automatically renew for successive [number]-year terms, unless either party gives written notice of non-renewal at least [number] days prior to the end of the then-current term. 3. Compensation and Benefits: (a) Base Salary: Executive shall receive a base salary of $[amount] per year, payable in accordance with the usual payroll practices of the Company. (b) Bonus: Executive shall be eligible to receive a performance-based annual bonus, at the discretion of the Board, with a target bonus of [number]% of the Executive's base salary. © Benefits: Executive shall be entitled to participate in the Company's employee benefit plans, including health insurance, retirement plans, and vacation policies, subject to the terms and conditions of those plans. 4. Termination: (a) Termination for Cause: Company may terminate this Agreement for cause if Executive engages in any willful misconduct, fraud, or material breach of the Agreement. (b) Termination Without Cause: Company may terminate this Agreement without cause upon [number] days' written notice to Executive. © Resignation: Executive may resign from employment upon [number] days' written notice to Company. [Include additional provisions and clauses as necessary, such as non-compete, confidentiality, and dispute resolution.] Types of Louisiana Sample Employment Agreements between Velocity, Inc. and President and Chief Executive Officer: 1. Fixed-term Employment Agreement: This type of agreement outlines a specific term for the employment, after which it may renew or terminate. 2. At-will Employment Agreement: This type of agreement does not specify a fixed term and allows either party (Company or Executive) to terminate the employment relationship at any time, with or without cause. 3. Executive Employment Agreement with Change in Control Provision: This type of agreement is relevant when Velocity, Inc. goes through a change in ownership or control. It provides additional protection to the Executive in case of a merger, acquisition, or other significant corporate event.