North Dakota 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 North Dakota Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Sample Employment Agreement outlines the legal terms and conditions governing the employment relationship between Velocity, Inc. (hereinafter referred to as the "Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary (hereinafter referred to as the "Executive"). 1. Position: The Executive will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. The Executive's responsibilities will include overseeing administrative operations, corporate governance matters, and ensuring compliance with all applicable laws and regulations. 2. Employment Term: The Agreement will commence on [start date] and remain valid until [end date]. It may be terminated earlier than per the termination provisions stated in Clause [X] below. 3. Compensation and Benefits: The Executive will receive a monthly salary of [amount], payable subject to standard payroll deductions and withholding. Additionally, the Executive may be eligible for performance-based incentives, retirement plans, health and life insurance, and other benefits as outlined in the Company's official policies. 4. Confidentiality and Non-disclosure: The Executive shall maintain strict confidentiality regarding proprietary and sensitive information of the Company, including but not limited to trade secrets, client data, business strategies, and financial information. The agreement's non-disclosure provisions aim to protect the Company's interests during and after the termination of employment. 5. Non-competition and Non-solicitation: During the term of employment and for a specified period following termination, the Executive shall not engage in any business or employment that directly competes with the Company. Moreover, the Executive shall refrain from soliciting the Company's clients, customers, or employees for personal gain or for the benefit of competitors. 6. Intellectual Property: Any inventions, patents, copyrights, or other intellectual property created by the Executive during the course of employment shall become the property of the Company. The Executive agrees to promptly disclose and assign all such intellectual property rights to the Company. 7. Termination: This section sets forth the conditions under which either party may terminate the employment agreement, including voluntary resignation, retirement, termination for cause, or termination without cause. It also outlines the respective rights and obligations, such as notice period, severance pay, and the return of company property. 8. Governing Law and Venue: This Agreement is governed by and construed in accordance with the laws of the state of North Dakota. Any dispute arising from or relating to this Agreement shall be resolved in the state or federal courts located within North Dakota. Additional Types of North Dakota Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. Executive-Level Compensation Agreement: A more comprehensive agreement specifically tailored to address intricate compensation structures, including options for stock-based compensation, performance bonuses, and other executive-level benefits. 2. Non-executive Employment Agreement: For an executive in a different role or seniority level within the organization, this agreement could provide a modified scope of responsibilities, compensation package, or decision-making authority. 3. Part-time Employment Agreement: This type of agreement is suitable when an executive's role requires to be reduced working hours or a flexible work schedule. 4. Fixed-term Employment Agreement: While the initial agreement remains similar, it explicitly mentions a fixed-term employment instead of an indefinite term. It may be suitable for specific projects or temporary positions. Note: It is imperative to consult legal professionals or utilize specific legal templates to ensure compliance with North Dakota state laws and regulations.

North Dakota Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Sample Employment Agreement outlines the legal terms and conditions governing the employment relationship between Velocity, Inc. (hereinafter referred to as the "Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary (hereinafter referred to as the "Executive"). 1. Position: The Executive will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. The Executive's responsibilities will include overseeing administrative operations, corporate governance matters, and ensuring compliance with all applicable laws and regulations. 2. Employment Term: The Agreement will commence on [start date] and remain valid until [end date]. It may be terminated earlier than per the termination provisions stated in Clause [X] below. 3. Compensation and Benefits: The Executive will receive a monthly salary of [amount], payable subject to standard payroll deductions and withholding. Additionally, the Executive may be eligible for performance-based incentives, retirement plans, health and life insurance, and other benefits as outlined in the Company's official policies. 4. Confidentiality and Non-disclosure: The Executive shall maintain strict confidentiality regarding proprietary and sensitive information of the Company, including but not limited to trade secrets, client data, business strategies, and financial information. The agreement's non-disclosure provisions aim to protect the Company's interests during and after the termination of employment. 5. Non-competition and Non-solicitation: During the term of employment and for a specified period following termination, the Executive shall not engage in any business or employment that directly competes with the Company. Moreover, the Executive shall refrain from soliciting the Company's clients, customers, or employees for personal gain or for the benefit of competitors. 6. Intellectual Property: Any inventions, patents, copyrights, or other intellectual property created by the Executive during the course of employment shall become the property of the Company. The Executive agrees to promptly disclose and assign all such intellectual property rights to the Company. 7. Termination: This section sets forth the conditions under which either party may terminate the employment agreement, including voluntary resignation, retirement, termination for cause, or termination without cause. It also outlines the respective rights and obligations, such as notice period, severance pay, and the return of company property. 8. Governing Law and Venue: This Agreement is governed by and construed in accordance with the laws of the state of North Dakota. Any dispute arising from or relating to this Agreement shall be resolved in the state or federal courts located within North Dakota. Additional Types of North Dakota Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. Executive-Level Compensation Agreement: A more comprehensive agreement specifically tailored to address intricate compensation structures, including options for stock-based compensation, performance bonuses, and other executive-level benefits. 2. Non-executive Employment Agreement: For an executive in a different role or seniority level within the organization, this agreement could provide a modified scope of responsibilities, compensation package, or decision-making authority. 3. Part-time Employment Agreement: This type of agreement is suitable when an executive's role requires to be reduced working hours or a flexible work schedule. 4. Fixed-term Employment Agreement: While the initial agreement remains similar, it explicitly mentions a fixed-term employment instead of an indefinite term. It may be suitable for specific projects or temporary positions. Note: It is imperative to consult legal professionals or utilize specific legal templates to ensure compliance with North Dakota state laws and regulations.