New Mexico Sample Employment Agreement between Telocity, Inc. and Senior Vice President of Business Development

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9114
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. New Mexico Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development: This New Mexico Sample Employment Agreement is entered into by and between Velocity, Inc. (hereinafter referred to as "Company") and [Employee's Name] (hereinafter referred to as "Employee"), collectively known as the "Parties." 1. Position and Responsibilities: In this agreement, Velocity, Inc. agrees to employ the Employee as the Senior Vice President of Business Development. The Employee's responsibilities will include strategizing, leading, and implementing business development initiatives, establishing and maintaining client relationships, and driving revenue growth for the Company. 2. Term of Employment: The initial term of employment shall commence on [Start Date] and continue until terminated by either party in accordance with the provisions mentioned in this agreement. 3. Compensation and Benefits: The Employee shall be entitled to a base salary of [amount] per [time period], payable in regular installments as per the Company's payroll schedule. In addition to the base salary, the Employee shall be eligible for performance-based bonuses, non-cash incentives, and annual salary revisions, as determined by the Company. The agreement also outlines the Employee's entitlement to benefits such as healthcare coverage, paid time off, retirement plans, and any other additional benefits offered to other employees in a similar position. 4. Confidentiality and Non-Disclosure: The Employee recognizes and agrees to maintain the confidentiality of any proprietary or confidential information related to the Company's business operations, clients, financials, trade secrets, and other sensitive information. The agreement outlines the Employee's responsibilities in safeguarding such information during and after the term of employment. 5. Non-Compete and Non-Solicitation: During the term of employment and for a specified period after its termination, the Employee agrees not to engage in activities that directly or indirectly compete with the Company's interests. The Employee will also refrain from soliciting other employees, clients, or business partners for competitive purposes. 6. Termination: This section provides provisions for termination of the employment agreement by either party, including termination for cause, voluntary resignation, termination without cause, or termination due to incapacity, death, or disability. It also outlines the notice period and severance benefits, if applicable. The Different Types of New Mexico Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development can include variations based on specific terms and conditions, such as: 1. Fixed-Term Employment Agreement: This agreement has a defined duration and terminates automatically at the end of the specified term, unless renewed or terminated earlier. 2. At-Will Employment Agreement: This type of agreement allows for termination at any time, with or without cause, by either party. 3. Commission-Based Employment Agreement: In this type of agreement, the Employee receives a significant portion of their compensation in the form of commissions based on achieving specific sales or business development targets. 4. Incentive-Based Employment Agreement: This agreement structure includes various performance-based incentives, such as stock options, profit-sharing, or bonuses based on predefined criteria. Please note that these specific types may not be explicitly mentioned and can be customized as per the needs of Velocity, Inc. and the Employee, while ensuring compliance with New Mexico employment laws and regulations.

New Mexico Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development: This New Mexico Sample Employment Agreement is entered into by and between Velocity, Inc. (hereinafter referred to as "Company") and [Employee's Name] (hereinafter referred to as "Employee"), collectively known as the "Parties." 1. Position and Responsibilities: In this agreement, Velocity, Inc. agrees to employ the Employee as the Senior Vice President of Business Development. The Employee's responsibilities will include strategizing, leading, and implementing business development initiatives, establishing and maintaining client relationships, and driving revenue growth for the Company. 2. Term of Employment: The initial term of employment shall commence on [Start Date] and continue until terminated by either party in accordance with the provisions mentioned in this agreement. 3. Compensation and Benefits: The Employee shall be entitled to a base salary of [amount] per [time period], payable in regular installments as per the Company's payroll schedule. In addition to the base salary, the Employee shall be eligible for performance-based bonuses, non-cash incentives, and annual salary revisions, as determined by the Company. The agreement also outlines the Employee's entitlement to benefits such as healthcare coverage, paid time off, retirement plans, and any other additional benefits offered to other employees in a similar position. 4. Confidentiality and Non-Disclosure: The Employee recognizes and agrees to maintain the confidentiality of any proprietary or confidential information related to the Company's business operations, clients, financials, trade secrets, and other sensitive information. The agreement outlines the Employee's responsibilities in safeguarding such information during and after the term of employment. 5. Non-Compete and Non-Solicitation: During the term of employment and for a specified period after its termination, the Employee agrees not to engage in activities that directly or indirectly compete with the Company's interests. The Employee will also refrain from soliciting other employees, clients, or business partners for competitive purposes. 6. Termination: This section provides provisions for termination of the employment agreement by either party, including termination for cause, voluntary resignation, termination without cause, or termination due to incapacity, death, or disability. It also outlines the notice period and severance benefits, if applicable. The Different Types of New Mexico Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development can include variations based on specific terms and conditions, such as: 1. Fixed-Term Employment Agreement: This agreement has a defined duration and terminates automatically at the end of the specified term, unless renewed or terminated earlier. 2. At-Will Employment Agreement: This type of agreement allows for termination at any time, with or without cause, by either party. 3. Commission-Based Employment Agreement: In this type of agreement, the Employee receives a significant portion of their compensation in the form of commissions based on achieving specific sales or business development targets. 4. Incentive-Based Employment Agreement: This agreement structure includes various performance-based incentives, such as stock options, profit-sharing, or bonuses based on predefined criteria. Please note that these specific types may not be explicitly mentioned and can be customized as per the needs of Velocity, Inc. and the Employee, while ensuring compliance with New Mexico employment laws and regulations.