Ohio Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9116
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Edward J. Hayes, Jr. as Executive Vice President and Chief Financial Officer dated January 3, 2000. 11 pages Ohio Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer This Ohio Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "Company") and an executive-level employee holding the position of Executive Vice President and Chief Financial Officer (hereinafter referred to as "Employee"). 1. Employment Terms: a. Position and Duties: The Employee shall serve as the Executive Vice President and Chief Financial Officer, responsible for overseeing all financial operations, reporting, and strategic decision-making for the Company. The Employee shall perform their duties diligently, professionally, and in the best interests of the Company. b. Term: The Agreement shall become effective on the date of execution and shall continue until terminated as per the provisions of this Agreement or by mutual agreement of both parties. c. Compensation: The Employee shall be entitled to a base salary, to be paid in accordance with the Company's normal payroll procedures. Additionally, the Employee may be eligible for performance-based bonuses, stock options, or other incentives as determined by the Board of Directors. d. Benefits: The Employee shall be entitled to receive benefits, including health insurance, retirement plans, paid time off, and other benefits as provided by the Company's policies, subject to eligibility requirements. 2. Termination: a. Termination by Employee: The Employee may terminate this Agreement by providing written notice to the Company within a specified notice period, as agreed upon by both parties. The notice period shall not be less than 30 days. b. Termination by Company: The Company may terminate this Agreement for cause, such as the Employee's material breach of duties, violation of policies, or misconduct. The Company may also terminate without cause upon providing a specified notice period or payment in lieu of notice. c. Confidentiality and Non-Compete: Upon termination, the Employee shall be bound by the confidentiality and non-compete obligations as specified in the Agreement to protect the Company's sensitive information and prevent unfair competition. 3. Dispute Resolution: In the event of any dispute arising out of or relating to this Agreement, the parties agree to resolve the matter through binding arbitration in accordance with the laws of the state of Ohio. The Ohio Sample Employment Agreement detailed above outlines the terms and conditions of employment between Velocity, Inc. and an individual holding the position of Executive Vice President and Chief Financial Officer. The agreement covers employment terms, including position and duties, compensation, benefits, termination clauses, confidentiality, non-compete obligations, and methods for resolving disputes. It is important to note that this is just a sample agreement and should be customized according to the specific needs and circumstances of the parties involved. Different types of Ohio Sample Employment Agreement can exist depending on the specific roles and responsibilities of the employee, the industries involved, and the particular terms negotiated between the parties. Some examples of alternative Ohio Sample Employment Agreements may include agreements for the Chief Executive Officer or Chief Operating Officer positions, or agreements for employees in different industries such as healthcare, technology, or manufacturing. Each agreement would require tailored provisions and specific considerations to meet the unique needs of the parties involved.

Ohio Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer This Ohio Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "Company") and an executive-level employee holding the position of Executive Vice President and Chief Financial Officer (hereinafter referred to as "Employee"). 1. Employment Terms: a. Position and Duties: The Employee shall serve as the Executive Vice President and Chief Financial Officer, responsible for overseeing all financial operations, reporting, and strategic decision-making for the Company. The Employee shall perform their duties diligently, professionally, and in the best interests of the Company. b. Term: The Agreement shall become effective on the date of execution and shall continue until terminated as per the provisions of this Agreement or by mutual agreement of both parties. c. Compensation: The Employee shall be entitled to a base salary, to be paid in accordance with the Company's normal payroll procedures. Additionally, the Employee may be eligible for performance-based bonuses, stock options, or other incentives as determined by the Board of Directors. d. Benefits: The Employee shall be entitled to receive benefits, including health insurance, retirement plans, paid time off, and other benefits as provided by the Company's policies, subject to eligibility requirements. 2. Termination: a. Termination by Employee: The Employee may terminate this Agreement by providing written notice to the Company within a specified notice period, as agreed upon by both parties. The notice period shall not be less than 30 days. b. Termination by Company: The Company may terminate this Agreement for cause, such as the Employee's material breach of duties, violation of policies, or misconduct. The Company may also terminate without cause upon providing a specified notice period or payment in lieu of notice. c. Confidentiality and Non-Compete: Upon termination, the Employee shall be bound by the confidentiality and non-compete obligations as specified in the Agreement to protect the Company's sensitive information and prevent unfair competition. 3. Dispute Resolution: In the event of any dispute arising out of or relating to this Agreement, the parties agree to resolve the matter through binding arbitration in accordance with the laws of the state of Ohio. The Ohio Sample Employment Agreement detailed above outlines the terms and conditions of employment between Velocity, Inc. and an individual holding the position of Executive Vice President and Chief Financial Officer. The agreement covers employment terms, including position and duties, compensation, benefits, termination clauses, confidentiality, non-compete obligations, and methods for resolving disputes. It is important to note that this is just a sample agreement and should be customized according to the specific needs and circumstances of the parties involved. Different types of Ohio Sample Employment Agreement can exist depending on the specific roles and responsibilities of the employee, the industries involved, and the particular terms negotiated between the parties. Some examples of alternative Ohio Sample Employment Agreements may include agreements for the Chief Executive Officer or Chief Operating Officer positions, or agreements for employees in different industries such as healthcare, technology, or manufacturing. Each agreement would require tailored provisions and specific considerations to meet the unique needs of the parties involved.