New York 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 Employment agreements play a crucial role in defining the relationship between a company and its employees, outlining their rights, responsibilities, and compensation. In the case of Velocity, Inc., a fictional company based in New York, the Sample Employment Agreement between the company and an Executive Vice President Chief Administrative Officer and Corporate Secretary can be tailored to suit specific needs. Different types of employment agreements may include at-will employment agreements, fixed-term agreements, and contracts with specific conditions. Sample Employment Agreement This Employment Agreement ("the Agreement") is made and entered into as of [date] between Velocity, Inc. ("the Company") and [Name] ("the Employee"). 1. Position and Duties: The Employee shall serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary. They shall perform the duties and responsibilities assigned by the Company, maintaining the highest level of professionalism and adhering to all Company policies. 2. At-Will Employment: This Agreement acknowledges that the Employee's employment with the Company is "at-will," meaning that either party may terminate the employment relationship at any time, for any reason, without prior notice. 3. Term of Employment: This Agreement shall have an initial term of [months/years] commencing on [start date]. Upon successful completion of the initial term, the Agreement may be extended subject to mutual agreement. 4. Compensation and Benefits: The Employee shall receive a base salary of [amount] paid in [frequency]. In addition to the base salary, the Employee may be eligible for performance-based bonuses, equity grants, and benefits, subject to the terms of the Company's relevant plans. 5. Confidentiality and Non-Disclosure: The Employee shall maintain the confidentiality of all proprietary information, trade secrets, and intellectual property belonging to the Company, both during and after their employment. Non-disclosure agreements may be included as addendums to emphasize this obligation. 6. Non-Compete and Non-Solicitation: The Employee agrees not to engage in any business activities that directly compete with the Company during their employment and for a specified period post-termination. Additionally, the Employee shall not solicit clients, employees, or contractors to terminate their relationship with the Company without prior consent. 7. Termination: Either party may terminate the employment relationship upon notice as per the applicable notice periods stipulated in the Agreement. Termination may occur due to breach of contract, resignation, disability, death, or other valid reasons. 8. Intellectual Property: All inventions, ideas, and work-related materials developed by the Employee during their employment shall belong to the Company. The Employee agrees to assign all intellectual property rights to the Company. 9. Governing Law and Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the State of New York. Any disputes shall be resolved in the state or federal courts located within [County], New York. 10. Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings, whether written or verbal, relating to the employment of the Employee. 11. Amendment and Waiver: Any modification or waiver of this Agreement must be in writing and signed by both parties. 12. Severability: In the event that any provision of this Agreement is deemed invalid or unenforceable, it shall not affect the validity or enforceability of the remaining provisions. By signing this Agreement, the Employee acknowledges that they have read, understood, and agreed to abide by its terms and conditions. [Date] [Employee Name] [Employee Signature] [Company Name] [Company Signature]

Employment agreements play a crucial role in defining the relationship between a company and its employees, outlining their rights, responsibilities, and compensation. In the case of Velocity, Inc., a fictional company based in New York, the Sample Employment Agreement between the company and an Executive Vice President Chief Administrative Officer and Corporate Secretary can be tailored to suit specific needs. Different types of employment agreements may include at-will employment agreements, fixed-term agreements, and contracts with specific conditions. Sample Employment Agreement This Employment Agreement ("the Agreement") is made and entered into as of [date] between Velocity, Inc. ("the Company") and [Name] ("the Employee"). 1. Position and Duties: The Employee shall serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary. They shall perform the duties and responsibilities assigned by the Company, maintaining the highest level of professionalism and adhering to all Company policies. 2. At-Will Employment: This Agreement acknowledges that the Employee's employment with the Company is "at-will," meaning that either party may terminate the employment relationship at any time, for any reason, without prior notice. 3. Term of Employment: This Agreement shall have an initial term of [months/years] commencing on [start date]. Upon successful completion of the initial term, the Agreement may be extended subject to mutual agreement. 4. Compensation and Benefits: The Employee shall receive a base salary of [amount] paid in [frequency]. In addition to the base salary, the Employee may be eligible for performance-based bonuses, equity grants, and benefits, subject to the terms of the Company's relevant plans. 5. Confidentiality and Non-Disclosure: The Employee shall maintain the confidentiality of all proprietary information, trade secrets, and intellectual property belonging to the Company, both during and after their employment. Non-disclosure agreements may be included as addendums to emphasize this obligation. 6. Non-Compete and Non-Solicitation: The Employee agrees not to engage in any business activities that directly compete with the Company during their employment and for a specified period post-termination. Additionally, the Employee shall not solicit clients, employees, or contractors to terminate their relationship with the Company without prior consent. 7. Termination: Either party may terminate the employment relationship upon notice as per the applicable notice periods stipulated in the Agreement. Termination may occur due to breach of contract, resignation, disability, death, or other valid reasons. 8. Intellectual Property: All inventions, ideas, and work-related materials developed by the Employee during their employment shall belong to the Company. The Employee agrees to assign all intellectual property rights to the Company. 9. Governing Law and Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the State of New York. Any disputes shall be resolved in the state or federal courts located within [County], New York. 10. Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings, whether written or verbal, relating to the employment of the Employee. 11. Amendment and Waiver: Any modification or waiver of this Agreement must be in writing and signed by both parties. 12. Severability: In the event that any provision of this Agreement is deemed invalid or unenforceable, it shall not affect the validity or enforceability of the remaining provisions. By signing this Agreement, the Employee acknowledges that they have read, understood, and agreed to abide by its terms and conditions. [Date] [Employee Name] [Employee Signature] [Company Name] [Company Signature]