Executive Employment Agreement between Global Access Pagers, Inc. and Gary Killoran dated January 4, 1999. 19 pages
Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. This Minnesota Sample Executive Employment Agreement is designed to outline the terms and conditions of the employment relationship between Global Access Pagers, Inc. ("Company") and its executive-level employees ("Executive"). It serves as a legally binding document that provides clarity and protection for both parties involved. Key terms and provisions typically found in a Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. may include: 1. Position and Duties: This section outlines the specific position that the Executive will hold within the company, as well as the duties and responsibilities associated with the role. 2. Compensation and Benefits: Details regarding the Executive's salary, bonuses, stock options, commission structure, and other forms of compensation are included in this section. Additionally, benefits such as health insurance, retirement plans, and vacation accrual may also be specified. 3. Term and Termination: The agreement will specify the length of employment, whether it is for a fixed term or indefinite. It will also outline the circumstances under which the agreement may be terminated, including resignation, retirement, or termination for cause. 4. Non-Disclosure and Non-Compete: This section highlights the importance of maintaining confidentiality of the company's trade secrets, intellectual property, and other sensitive information. Non-compete clauses may be included to prevent the Executive from engaging in competing business activities during or after the employment period. 5. Intellectual Property: Any intellectual property developed by the Executive within the scope of their employment will usually be addressed in this section, ensuring that the rights are appropriately assigned to the company. 6. Governing Law and Dispute Resolution: This portion of the agreement specifies that the laws of the state of Minnesota will govern the interpretation and enforcement of the agreement. Additionally, it may outline the preferred method for resolving disputes, such as arbitration or mediation. Types of Minnesota Sample Executive Employment Agreements for Global Access Pagers, Inc. may include variations tailored to different executives or specific circumstances: 1. Agreement for C-level Executives: This version of the agreement may be specifically tailored to top-level executives such as Chief Executive Officers (CEOs), Chief Financial Officers (CFOs), or Chief Operating Officers (COOs). It may include additional provisions related to executive leadership responsibilities and equity compensation. 2. Agreement for Sales Executives: This type of agreement could cater specifically to sales executives, focusing on sales quotas, commission structures, and targets. It may also include performance-based incentives and targets. 3. Agreement for Technology Executives: This version would be suitable for executives with a technology-focused role, incorporating provisions related to intellectual property, software development, and non-disclosure of proprietary technology. Overall, the Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. serves as a comprehensive guide for establishing mutually beneficial employment terms and protecting the interests of both the company and its executives.
Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. This Minnesota Sample Executive Employment Agreement is designed to outline the terms and conditions of the employment relationship between Global Access Pagers, Inc. ("Company") and its executive-level employees ("Executive"). It serves as a legally binding document that provides clarity and protection for both parties involved. Key terms and provisions typically found in a Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. may include: 1. Position and Duties: This section outlines the specific position that the Executive will hold within the company, as well as the duties and responsibilities associated with the role. 2. Compensation and Benefits: Details regarding the Executive's salary, bonuses, stock options, commission structure, and other forms of compensation are included in this section. Additionally, benefits such as health insurance, retirement plans, and vacation accrual may also be specified. 3. Term and Termination: The agreement will specify the length of employment, whether it is for a fixed term or indefinite. It will also outline the circumstances under which the agreement may be terminated, including resignation, retirement, or termination for cause. 4. Non-Disclosure and Non-Compete: This section highlights the importance of maintaining confidentiality of the company's trade secrets, intellectual property, and other sensitive information. Non-compete clauses may be included to prevent the Executive from engaging in competing business activities during or after the employment period. 5. Intellectual Property: Any intellectual property developed by the Executive within the scope of their employment will usually be addressed in this section, ensuring that the rights are appropriately assigned to the company. 6. Governing Law and Dispute Resolution: This portion of the agreement specifies that the laws of the state of Minnesota will govern the interpretation and enforcement of the agreement. Additionally, it may outline the preferred method for resolving disputes, such as arbitration or mediation. Types of Minnesota Sample Executive Employment Agreements for Global Access Pagers, Inc. may include variations tailored to different executives or specific circumstances: 1. Agreement for C-level Executives: This version of the agreement may be specifically tailored to top-level executives such as Chief Executive Officers (CEOs), Chief Financial Officers (CFOs), or Chief Operating Officers (COOs). It may include additional provisions related to executive leadership responsibilities and equity compensation. 2. Agreement for Sales Executives: This type of agreement could cater specifically to sales executives, focusing on sales quotas, commission structures, and targets. It may also include performance-based incentives and targets. 3. Agreement for Technology Executives: This version would be suitable for executives with a technology-focused role, incorporating provisions related to intellectual property, software development, and non-disclosure of proprietary technology. Overall, the Minnesota Sample Executive Employment Agreement for Global Access Pagers, Inc. serves as a comprehensive guide for establishing mutually beneficial employment terms and protecting the interests of both the company and its executives.