This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Nebraska Employment Contract with Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in Close Corporation Description: A Nebraska Employment Contract with an executive receiving a commission salary plus common stock with the right of refusal to purchase shares of other shareholders in a close corporation is a legally binding agreement between an executive employee and a company incorporated as a close corporation in the state of Nebraska. This contract outlines the terms and conditions of the executive's employment, including their salary structure, commission arrangement, ownership of common stock, and the right to purchase shares from other shareholders within the corporation. Keywords: Nebraska, Employment Contract, Executive, Commission Salary, Common Stock, Right of Refusal, Purchase Shares, Close Corporation Types of Nebraska Employment Contracts with Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in Close Corporation: 1. Full-Time Executive Employment Contract: This type of contract is applicable when an executive is employed by a close corporation on a full-time basis. It includes details such as job responsibilities, commission structure, method of stock allocation, and the right to refuse purchasing shares from other shareholders in the close corporation. 2. Part-Time Executive Employment Contract: In cases where an executive is employed by a close corporation on a part-time basis, this contract defines the terms specific to their work arrangement. It outlines the commission salary structure, allocation of common stock, and the right of refusal to purchase shares from other shareholders within the close corporation. 3. Fixed-Term Executive Employment Contract: This contract is designed for executives hired on a fixed-term basis. It specifies the length of the employment agreement, commission payment structure, stock ownership, and the right to refuse purchasing shares of other shareholders in the close corporation for the duration of the contract. 4. At-Will Executive Employment Contract: An at-will employment contract allows either the executive or the close corporation to terminate the employment relationship at any time and for any reason, as permitted by Nebraska law. This contract specifies the commission salary, common stock ownership, and the shared understanding of the right of refusal to purchase shares from other shareholders. 5. Executive Employment Contract with Non-Compete Agreement: In certain cases, an executive may be required to sign a contract that includes a non-compete agreement. This type of contract prohibits the executive from competing with the close corporation during their employment and for a specified period thereafter. It also includes provisions regarding commission salary, common stock, and the right of refusal to purchase shares from other shareholders. By providing these detailed descriptions of various Nebraska Employment Contracts with an executive receiving commission salary plus common stock and the right of refusal to purchase shares from other shareholders in a close corporation, individuals and corporations can gain a better understanding of the legal agreements and options available to them in establishing executive employment relationships in Nebraska.
