Ohio 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 Ohio Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Ohio Sample Employment Agreement is designed to outline the terms and conditions of employment between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary ("Employee"). This agreement is legally binding and establishes the rights and responsibilities of both parties. The main purpose of this agreement is to ensure a clear understanding of the employment relationship and provide protections for both the company and the employee. The agreement includes various sections, each addressing specific aspects of the employment arrangement. 1. Introduction: This section outlines the names and addresses of both Velocity, Inc. and the Employee. It also establishes the effective date of the agreement and clarifies that the Employee will commence employment in the position of Executive Vice President Chief Administrative Officer and Corporate Secretary. 2. Position and Responsibilities: Here, the agreement details the specific role and responsibilities of the Executive Vice President Chief Administrative Officer and Corporate Secretary. It includes the expected duties, reporting structure, and any additional responsibilities required of the employee in their position. 3. Compensation and Benefits: This section outlines the Employee's compensation package, including salary, bonuses, and any other benefits they are entitled to receive. It also covers matters such as vacation leave, sick leave, health insurance, and retirement plans. 4. Term and Termination: The agreement specifies the initial term of employment, including the start and end dates. It also highlights the circumstances under which the agreement may be terminated, such as resignation, termination for cause, or termination without cause. Additionally, it may include provisions for severance pay or benefits upon termination. 5. Confidentiality and Non-Disclosure: Confidentiality is of utmost importance in this agreement. It addresses the protection of the company's trade secrets, proprietary information, and other sensitive data. The Employee agrees not to disclose any confidential information during or after their employment. 6. Non-Compete and Non-Solicitation: This section often includes a non-compete clause that restricts the Employee from engaging in certain competitive activities for a specified period after leaving the company. It may also prohibit the solicitation of customers, clients, or other employees for personal or competitive purposes. 7. Intellectual Property: This section covers the ownership of intellectual property developed by the Employee during their employment. It clarifies that any inventions, patents, trademarks, or copyrights created within the scope of their duties belong to Velocity, Inc. These are the main sections typically found in an Ohio Sample Employment Agreement between Velocity, Inc. and an Executive Vice President Chief Administrative Officer and Corporate Secretary. However, it is important to note that specific agreements may vary depending on the unique circumstances of each employment arrangement.

Ohio Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Ohio Sample Employment Agreement is designed to outline the terms and conditions of employment between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary ("Employee"). This agreement is legally binding and establishes the rights and responsibilities of both parties. The main purpose of this agreement is to ensure a clear understanding of the employment relationship and provide protections for both the company and the employee. The agreement includes various sections, each addressing specific aspects of the employment arrangement. 1. Introduction: This section outlines the names and addresses of both Velocity, Inc. and the Employee. It also establishes the effective date of the agreement and clarifies that the Employee will commence employment in the position of Executive Vice President Chief Administrative Officer and Corporate Secretary. 2. Position and Responsibilities: Here, the agreement details the specific role and responsibilities of the Executive Vice President Chief Administrative Officer and Corporate Secretary. It includes the expected duties, reporting structure, and any additional responsibilities required of the employee in their position. 3. Compensation and Benefits: This section outlines the Employee's compensation package, including salary, bonuses, and any other benefits they are entitled to receive. It also covers matters such as vacation leave, sick leave, health insurance, and retirement plans. 4. Term and Termination: The agreement specifies the initial term of employment, including the start and end dates. It also highlights the circumstances under which the agreement may be terminated, such as resignation, termination for cause, or termination without cause. Additionally, it may include provisions for severance pay or benefits upon termination. 5. Confidentiality and Non-Disclosure: Confidentiality is of utmost importance in this agreement. It addresses the protection of the company's trade secrets, proprietary information, and other sensitive data. The Employee agrees not to disclose any confidential information during or after their employment. 6. Non-Compete and Non-Solicitation: This section often includes a non-compete clause that restricts the Employee from engaging in certain competitive activities for a specified period after leaving the company. It may also prohibit the solicitation of customers, clients, or other employees for personal or competitive purposes. 7. Intellectual Property: This section covers the ownership of intellectual property developed by the Employee during their employment. It clarifies that any inventions, patents, trademarks, or copyrights created within the scope of their duties belong to Velocity, Inc. These are the main sections typically found in an Ohio Sample Employment Agreement between Velocity, Inc. and an Executive Vice President Chief Administrative Officer and Corporate Secretary. However, it is important to note that specific agreements may vary depending on the unique circumstances of each employment arrangement.