New Hampshire Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9116
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Edward J. Hayes, Jr. as Executive Vice President and Chief Financial Officer dated January 3, 2000. 11 pages New Hampshire Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer Effective Date: [Date] This Employment Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President and Chief Financial Officer's Full Name] ("Executive") on this [Date]. 1. Position and Duties: 1.1 Executive shall serve as the Executive Vice President and Chief Financial Officer of the Company. 1.2 Executive's primary duties shall include financial planning, risk management, budgeting, and overseeing financial operations of the Company. 1.3 Executive shall report directly to the Chief Executive Officer (CEO). 2. Term of Employment: The term of this Agreement shall begin on the Effective Date and continue until terminated by either party in accordance with the provisions of this Agreement. 3. Compensation and Benefits: 3.1 Base Salary: Executive shall receive an annual base salary of [amount] payable in regular installments in accordance with the Company's usual payroll schedule. 3.2 Bonus and Incentive Compensation: Executive shall be eligible to participate in any bonus and incentive compensation plans as determined by the Company's Board of Directors. 3.3 Benefits: Executive shall be entitled to participate in the Company's employee benefit plans, including health insurance, retirement plans, and vacation leave, as made available to the employees of the Company. 3.4 Expenses: Executive shall be reimbursed for all reasonable and necessary business expenses incurred during the performance of their duties. 4. Confidentiality and Non-Disclosure: 4.1 Executive shall maintain the confidentiality of all confidential information and trade secrets of the Company obtained during employment and shall not disclose such information to any third party or use it for personal benefit, unless required by law. 4.2 Upon termination of employment, Executive shall return all Company property and confidential information in their possession. 5. Termination: 5.1 Termination by the Company for Cause: The Company may terminate this Agreement immediately for Cause, including but not limited to Executive's gross negligence, misconduct, or breach of fiduciary duty. 5.2 Termination by the Executive: Executive may terminate this Agreement by providing [notice period] written notice to the Company for any reason or no reason. 5.3 Severance: If the Company terminates Executive without Cause, Executive shall be entitled to [severance benefits], subject to the terms and conditions of a separate Severance Agreement. 6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of New Hampshire. 7. Entire Agreement: This Agreement, together with any exhibits or addenda hereto, constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements, whether oral or written. Executed as of the day and year first above written. [Signature of Executive Vice President and Chief Financial Officer] [Printed Name of Executive Vice President and Chief Financial Officer] [Signature of Representative from Velocity, Inc.] [Printed Name and Title of Representative from Velocity, Inc.] Types of New Hampshire Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer: 1. Executive Employment Agreement: Provides comprehensive terms and conditions for the role of Executive Vice President and Chief Financial Officer. 2. At-Will Employment Agreement: Specifies that either party may terminate the employment relationship at any time with or without cause or notice. 3. Severance Agreement: Outlines the severance benefits and entitlements Executive shall receive upon termination without Cause. 4. Confidentiality and Non-Disclosure Agreement: Focuses on protecting the confidentiality of the Company's trade secrets and proprietary information. 5. Incentive Compensation Agreement: Details the bonus and incentive compensation plans applicable to the Executive position. 6. Non-Compete Agreement: Restricts Executive from engaging in similar employment or business activities that compete with the Company during and after employment.

New Hampshire Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer Effective Date: [Date] This Employment Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President and Chief Financial Officer's Full Name] ("Executive") on this [Date]. 1. Position and Duties: 1.1 Executive shall serve as the Executive Vice President and Chief Financial Officer of the Company. 1.2 Executive's primary duties shall include financial planning, risk management, budgeting, and overseeing financial operations of the Company. 1.3 Executive shall report directly to the Chief Executive Officer (CEO). 2. Term of Employment: The term of this Agreement shall begin on the Effective Date and continue until terminated by either party in accordance with the provisions of this Agreement. 3. Compensation and Benefits: 3.1 Base Salary: Executive shall receive an annual base salary of [amount] payable in regular installments in accordance with the Company's usual payroll schedule. 3.2 Bonus and Incentive Compensation: Executive shall be eligible to participate in any bonus and incentive compensation plans as determined by the Company's Board of Directors. 3.3 Benefits: Executive shall be entitled to participate in the Company's employee benefit plans, including health insurance, retirement plans, and vacation leave, as made available to the employees of the Company. 3.4 Expenses: Executive shall be reimbursed for all reasonable and necessary business expenses incurred during the performance of their duties. 4. Confidentiality and Non-Disclosure: 4.1 Executive shall maintain the confidentiality of all confidential information and trade secrets of the Company obtained during employment and shall not disclose such information to any third party or use it for personal benefit, unless required by law. 4.2 Upon termination of employment, Executive shall return all Company property and confidential information in their possession. 5. Termination: 5.1 Termination by the Company for Cause: The Company may terminate this Agreement immediately for Cause, including but not limited to Executive's gross negligence, misconduct, or breach of fiduciary duty. 5.2 Termination by the Executive: Executive may terminate this Agreement by providing [notice period] written notice to the Company for any reason or no reason. 5.3 Severance: If the Company terminates Executive without Cause, Executive shall be entitled to [severance benefits], subject to the terms and conditions of a separate Severance Agreement. 6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of New Hampshire. 7. Entire Agreement: This Agreement, together with any exhibits or addenda hereto, constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements, whether oral or written. Executed as of the day and year first above written. [Signature of Executive Vice President and Chief Financial Officer] [Printed Name of Executive Vice President and Chief Financial Officer] [Signature of Representative from Velocity, Inc.] [Printed Name and Title of Representative from Velocity, Inc.] Types of New Hampshire Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer: 1. Executive Employment Agreement: Provides comprehensive terms and conditions for the role of Executive Vice President and Chief Financial Officer. 2. At-Will Employment Agreement: Specifies that either party may terminate the employment relationship at any time with or without cause or notice. 3. Severance Agreement: Outlines the severance benefits and entitlements Executive shall receive upon termination without Cause. 4. Confidentiality and Non-Disclosure Agreement: Focuses on protecting the confidentiality of the Company's trade secrets and proprietary information. 5. Incentive Compensation Agreement: Details the bonus and incentive compensation plans applicable to the Executive position. 6. Non-Compete Agreement: Restricts Executive from engaging in similar employment or business activities that compete with the Company during and after employment.