New Mexico Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9117
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Scott Martin as Executive Vice President, Chief Administrative Officer and Corporate Secretary dated Dec. 8, 1999.10 pages New Mexico Sample Employment Agreement: This employment agreement ("Agreement") is entered between Velocity, Inc. ("Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary ("Executive"). This Agreement outlines the terms and conditions of Executive's employment with the Company. 1. Position: Executive will be employed as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company, reporting directly to the CEO. 2. Duties and Responsibilities: Executive shall be responsible for overseeing administrative operations, developing and implementing strategic plans, managing corporate governance matters, and providing key support to the executive team. 3. Compensation and Benefits: a) Base Salary: Executive will receive a base salary of $XXXX per year, payable in bi-weekly/monthly installments. b) Bonuses: Executive may be eligible for performance-based bonuses as determined by the Board of Directors. c) Equity Grants: Executive may be eligible for equity grants, subject to the terms and conditions of the Company's stock option plan. d) Benefits: Executive will be entitled to participate in all employee benefit plans, including health insurance, retirement plans, and vacation policies. e) Expenses: Reasonable business expenses incurred by the Executive in connection with the Company's affairs shall be reimbursed. 4. Term and Termination: The initial term of this Agreement shall be for a period of three years. However, either party may terminate the Agreement with a written notice of XX days before the intended termination date. Termination may also occur for cause, such as violation of company policies or neglect of duties. 5. Confidentiality and Non-Compete: Executive shall maintain strict confidentiality regarding any proprietary information, trade secrets, or confidential data learned during employment. Additionally, a non-compete clause may be included, specifying the duration and geographic scope within which the Executive is restricted from engaging in similar employment. 6. Governing Laws and Severability: This Agreement shall be governed by and construed in accordance with the laws of the state of New Mexico. If any provision of this Agreement is deemed unlawful or unenforceable, it shall not affect the validity and enforceability of the remaining provisions. Alternative Types of New Mexico Sample Employment Agreements between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. New Mexico Sample Employment Agreement for Part-Time Positions: This Agreement would be suitable if the Executive Vice President Chief Administrative Officer and Corporate Secretary is hired on a part-time basis instead of full-time, with adjusted terms and remuneration. 2. New Mexico Sample Employment Agreement with Relocation Assistance: If the Executive is required to relocate to New Mexico for the position, this agreement may include provisions for relocation assistance, such as reimbursement of moving expenses or temporary housing arrangements. 3. New Mexico Sample Employment Agreement for Specific Project or Term: In case the Executive is employed by the Company for a specific project or term, a fixed-term employment agreement may be drafted with details about the project, its duration, and specific duties. These variations can be custom-tailored to meet the unique requirements and circumstances of the Executive and the Company.

New Mexico Sample Employment Agreement: This employment agreement ("Agreement") is entered between Velocity, Inc. ("Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary ("Executive"). This Agreement outlines the terms and conditions of Executive's employment with the Company. 1. Position: Executive will be employed as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company, reporting directly to the CEO. 2. Duties and Responsibilities: Executive shall be responsible for overseeing administrative operations, developing and implementing strategic plans, managing corporate governance matters, and providing key support to the executive team. 3. Compensation and Benefits: a) Base Salary: Executive will receive a base salary of $XXXX per year, payable in bi-weekly/monthly installments. b) Bonuses: Executive may be eligible for performance-based bonuses as determined by the Board of Directors. c) Equity Grants: Executive may be eligible for equity grants, subject to the terms and conditions of the Company's stock option plan. d) Benefits: Executive will be entitled to participate in all employee benefit plans, including health insurance, retirement plans, and vacation policies. e) Expenses: Reasonable business expenses incurred by the Executive in connection with the Company's affairs shall be reimbursed. 4. Term and Termination: The initial term of this Agreement shall be for a period of three years. However, either party may terminate the Agreement with a written notice of XX days before the intended termination date. Termination may also occur for cause, such as violation of company policies or neglect of duties. 5. Confidentiality and Non-Compete: Executive shall maintain strict confidentiality regarding any proprietary information, trade secrets, or confidential data learned during employment. Additionally, a non-compete clause may be included, specifying the duration and geographic scope within which the Executive is restricted from engaging in similar employment. 6. Governing Laws and Severability: This Agreement shall be governed by and construed in accordance with the laws of the state of New Mexico. If any provision of this Agreement is deemed unlawful or unenforceable, it shall not affect the validity and enforceability of the remaining provisions. Alternative Types of New Mexico Sample Employment Agreements between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. New Mexico Sample Employment Agreement for Part-Time Positions: This Agreement would be suitable if the Executive Vice President Chief Administrative Officer and Corporate Secretary is hired on a part-time basis instead of full-time, with adjusted terms and remuneration. 2. New Mexico Sample Employment Agreement with Relocation Assistance: If the Executive is required to relocate to New Mexico for the position, this agreement may include provisions for relocation assistance, such as reimbursement of moving expenses or temporary housing arrangements. 3. New Mexico Sample Employment Agreement for Specific Project or Term: In case the Executive is employed by the Company for a specific project or term, a fixed-term employment agreement may be drafted with details about the project, its duration, and specific duties. These variations can be custom-tailored to meet the unique requirements and circumstances of the Executive and the Company.