Mississippi Sample Employment Agreement Between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This employment agreement (the "Agreement") is made and entered into on [insert date], between Velocity, Inc. (hereinafter referred to as the "Company"), a corporation having its principal place of business at [insert address], and [insert name], an individual residing at [insert address] (hereinafter referred to as the "Executive"). 1. Position and Duties: The Executive shall serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. In this position, the Executive shall be responsible for [insert a brief description of primary duties and responsibilities]. 2. Term: The initial term of this Agreement shall commence on the effective date and continue for a period of [insert duration]. This Agreement shall automatically renew for successive one-year periods, unless either party provides written notice of its intent not to renew at least [insert notice period] prior to the expiration of the then-current term. 3. Compensation: The Company shall compensate the Executive according to the following terms: a. Base Salary: The Executive shall receive an annual base salary of [insert amount], payable in equal bi-weekly/monthly installments, subject to applicable taxes and withholding. b. Bonus: The Executive shall be eligible to participate in any annual bonus program or other performance-based incentives, as determined by the Company's Board of Directors. c. Benefits: The Executive shall be entitled to participate in all employee benefit plans, programs, and arrangements provided by the Company, subject to the terms and conditions of such plans. 4. Termination: This Agreement may be terminated under the following circumstances: a. Termination for Cause: The Company may terminate this Agreement for cause, upon written notice to the Executive, in the event of the Executive's material breach of any provision contained herein. b. Termination without Cause: The Company may terminate this Agreement without cause, upon [insert notice period] prior written notice. c. Resignation: The Executive may resign from employment with the Company upon [insert notice period] prior written notice. d. Severance: In the event of termination without cause or resignation for good reason, the Executive may be entitled to receive severance pay and benefits as specified in an employment severance agreement, to be executed between the parties. 5. Confidentiality and Non-Compete: The Executive shall be required to sign a separate Confidentiality and Non-Compete Agreement, which will outline the obligations regarding the protection of the Company's confidential information, non-solicitation of employees or clients, and non-competition during and after the termination of employment. 6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Mississippi. This Agreement sets forth the entire understanding and agreement between the parties concerning the Executive's employment. Any modifications or amendments to this Agreement must be in writing and signed by both parties. IN WITNESS WHEREOF, the Company has executed this Agreement as of the date first written above. Velocity, Inc. By: [insert name] Title: [insert title] Executive: [insert name] Keywords: Mississippi, Sample Employment Agreement, Velocity, Inc., Executive Vice President, Chief Administrative Officer, Corporate Secretary, employment agreement types
Mississippi Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary
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How to fill out Mississippi Sample Employment Agreement Between Telocity, Inc. And Executive Vice President Chief Administrative Officer And Corporate Secretary?
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Execute an Employment Agreement for Every Executive. Specify Compensation Terms and Conditions Clearly. State Termination and Severance Conditions. Protect Your Intellectual Property. Focus on Writing With Clarity and Simplicity.
Executive employment agreements may include these categories: Compensation. Stock options/equity grants. Scope of position. Benefits. Job term and termination. Expense reimbursement. Company property. Liability protection.
Essential Elements of an Employment Contract Terms of employment. The terms make up one of the most important elements. ... Compensation and benefits. ... Job description. ... Employment absence. ... Non-disclosure/confidentiality agreement. ... Termination and severance.
EMPLOYMENT AGREEMENT. This agreement lays down the terms of employment, agreed upon by the employer and employee. Whether stated explicitly in the agreement or not, both the employee and the employer have the duty of mutual confidence and trust, and to make only lawful and reasonable demands on each other.
The full names of the employer and employee. The address of the employer. The place of work, or where there is no fixed or main place of work, a statement stating that there are various places or you are free to set your own place of work or to work at various places. The date the employment started.
Executive may terminate his or her employment for Good Reason so long as Executive tenders his resignation to the Company within thirty (30) days after the occurrence of the event which forms the basis for his resignation for Good Reason.