New Jersey Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer This New Jersey Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as the "Company") and the Executive Vice President and Chief Financial Officer (hereinafter referred to as the "Executive"). 1. Position and Responsibilities: The Executive shall be employed as the Executive Vice President and Chief Financial Officer of the Company. The Executive's primary responsibilities shall include overseeing financial operations, implementing fiscal policies, and providing strategic financial guidance to the Company. 2. Terms of Employment: The agreement shall be effective as of [Effective Date], and the Executive's employment shall continue until terminated as per the provisions outlined in this agreement. 3. Compensation: The Executive's compensation shall consist of a base salary, bonuses, and benefits as per the Company's policies. The base salary shall be paid in regular installments and subject to standard deductions and withholding. 4. Benefits and Perquisites: The Executive shall be entitled to participate in employee benefit plans, such as health insurance, retirement plans, and vacation leave, as provided by the Company's policies. 5. Termination: The employment relationship may be terminated by either party under certain circumstances, such as for cause, without cause, or due to disability or death. The agreement specifies the rights and obligations of both parties upon termination. 6. Confidentiality and Non-Compete: The Executive shall maintain the confidentiality of proprietary information and trade secrets of the Company during the employment and after termination. The agreement may contain provisions related to non-compete and non-solicitation, as applicable under New Jersey law. 7. Governing Law: This New Jersey Sample Employment Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey. Different types of New Jersey Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer may include: 1. At-will Employment Agreement: An agreement that outlines an employment relationship between the Company and the Executive, where employment is on an at-will basis, and can be terminated by either party at any time for any reason not prohibited by law. 2. Fixed-Term Employment Agreement: An agreement with a specified period of employment, where the Executive's employment is set to continue for a predetermined duration, and termination before the agreed period requires cause or mutual agreement. 3. Restrictive Covenant Employment Agreement: An agreement that includes specific provisions related to non-compete, non-solicitation, or confidentiality, which restrict the Executive's activities during the employment and after termination. Disclaimer: This New Jersey Sample Employment Agreement is for informational purposes only and should not be taken as legal advice. It is recommended to consult with an attorney to ensure compliance with applicable laws and to tailor any employment agreement to meet specific requirements.
New Jersey Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer
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