Louisiana Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9117
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Scott Martin as Executive Vice President, Chief Administrative Officer and Corporate Secretary dated Dec. 8, 1999.10 pages

Title: Louisiana Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary Keywords: Louisiana employment agreement, sample employment agreement, Velocity Inc., Executive Vice President, Chief Administrative Officer, Corporate Secretary Introduction: In the state of Louisiana, Velocity, Inc. presents a comprehensive employment agreement designed for the position of Executive Vice President Chief Administrative Officer and Corporate Secretary. This agreement establishes a mutually beneficial understanding between the company and the chosen executive, outlining the terms and conditions of their employment. The agreement aims to protect the rights and responsibilities of both parties while adhering to the laws and regulations of Louisiana. 1. Basic Terms and Conditions: This section of the employment agreement outlines the starting date, duration, and employee's status as an at-will employee. It includes details regarding the terms of termination, probationary period, and job responsibilities of the Executive Vice President Chief Administrative Officer and Corporate Secretary. 2. Compensation and Benefits: The agreement clearly defines the compensation package offered to the executive, including base salary, potential bonuses, and any additional benefits such as health insurance, retirement plans, vacation and sick leave, and other perks or incentives. It also describes the frequency and modes of payment. 3. Confidentiality and Non-disclosure: Given the sensitive nature of the position, this section ensures that confidential information, including trade secrets, client lists, financial data, and intellectual property, remains secure and protected during and after the employment period. It outlines the executive's obligations to maintain confidentiality and restricts disclosure to unauthorized parties. 4. Non-Compete and Non-Solicitation Clauses: These clauses prevent the executive from engaging in competitive activities with Velocity, Inc. during the employment term and for a specified period after the termination. The non-solicitation clause prohibits the executive from soliciting clients, employees, or vendors of the company for personal gain or to benefit a competitor. 5. Intellectual Property: This section addresses ownership and disposal of intellectual property developed or acquired during the employment term. It clarifies that all proprietary rights are vested in Velocity, Inc. 6. Governing Law and Jurisdiction: As per the Louisiana state laws, this section specifies that any disputes arising from the employment agreement will be governed and interpreted under Louisiana law. It identifies the jurisdiction and venue for any legal proceedings that may arise from the agreement. Types of Louisiana Sample Employment Agreements: — Louisiana Sample Employment Agreement for Executive Vice President and Chief Administrative Officer: This specific agreement focuses on the terms and conditions for an executive who assumes responsibilities related to administration, management, and decision-making within the organization. — Louisiana Sample Employment Agreement for Corporate Secretary: Tailored for individuals assuming the role of Corporate Secretary, this agreement emphasizes the responsibilities and expectations associated with managing the organization's administrative affairs and corporate governance matters. Note: It is strongly advised to consult with legal professionals when drafting or entering into an employment agreement to ensure compliance with all relevant laws and regulations in Louisiana.