New Mexico Sample Employment Agreement between Velocity, Inc. and President and Chief Executive Officer This Sample Employment Agreement is entered into between Velocity, Inc. (the Company) and [President and Chief Executive Officer's Name] (the Executive) on [Effective Date]. This agreement outlines the terms and conditions of the Executive's employment with the Company in the state of New Mexico. 1. Position and Responsibilities: The Executive shall assume the position of President and Chief Executive Officer and shall be responsible for overseeing the day-to-day operations, developing and implementing business strategies, and achieving the Company's goals and objectives. 2. Term of Employment: The term of this agreement shall commence on the Effective Date and continue for an initial term of [number of years, e.g., three years], unless terminated earlier according to the provisions outlined in this agreement. Following the initial term, this agreement may be renewed by mutual agreement of both parties. 3. Compensation: The Executive shall be entitled to receive a competitive base salary of [amount] payable in regular installments in accordance with the Company's standard payroll schedule. In addition to the base salary, the Executive may also receive performance-based bonuses, equity options, and other incentives as specified in the Company's compensation plan. 4. Benefits: The Executive shall be entitled to participate in the Company's benefits plans, including health insurance, retirement plans, and vacation days, as outlined in the Company's employee handbook. These benefits are subject to the terms and conditions set forth by the Company and any applicable laws. 5. Termination: This agreement may be terminated by either party for "cause" or by the Executive for "good reason," both as defined in the agreement. In the event of termination, the Executive may be entitled to severance benefits as specified in this agreement, including salary continuation, continuation of health benefits, and any other benefits agreed upon. 6. Non-Competition and Confidentiality: During the term of employment and for a specified period thereafter, the Executive shall agree to non-competition and non-solicitation provisions, which prevent the Executive from engaging in competing activities or soliciting the Company's clients or employees. The Executive shall also agree to maintain confidentiality regarding the Company's proprietary information and trade secrets. 7. Governing Law and Dispute Resolution: This agreement shall be governed by the laws of the state of New Mexico. Any disputes arising under or in connection with this agreement shall be resolved by arbitration in accordance with the New Mexico Arbitration Act. Alternative types of Sample Employment Agreements in New Mexico include: — New Mexico Sample Employment Agreement for Regular Employees — New Mexico Sample Employment Agreement for Executives — New Mexico Sample Employment Agreement for Independent Contractors — New Mexico Sample Employment Agreement for Non-Disclosure and Non-Compete — New Mexico Sample Employment Agreement for Part-Time Employees It is important to note that the content provided is for informational purposes only and should not be considered legal advice. It is recommended to consult with an attorney or legal professional when drafting or entering into an employment agreement.
New Mexico Sample Employment Agreement between Telocity, Inc. and President and Chief Executive Officer
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How to fill out New Mexico Sample Employment Agreement Between Telocity, Inc. And President And Chief Executive Officer?
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