Ohio Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary
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How to fill out Sample Employment Agreement Between Telocity, Inc. And Executive Vice President Chief Administrative Officer And Corporate Secretary?
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Executive may terminate his or her employment for Good Reason so long as Executive tenders his resignation to the Company within thirty (30) days after the occurrence of the event which forms the basis for his resignation for Good Reason.
The Ohio employment contract unites an employee with a firm to an agreement for services performed in exchange for payment. Depending on the position the wage will be based on hourly or salary. If it is a longterm position the employee may be subject to bonuses such as healthcare, 401k, company equity, etc.
Essential Elements of an Employment Contract Terms of employment. The terms make up one of the most important elements. ... Compensation and benefits. ... Job description. ... Employment absence. ... Non-disclosure/confidentiality agreement. ... Termination and severance.
An agreement can be informal or it may be written; a contract may be verbal or written, but a contract will always be enforceable if it contains certain requirements. Modern contract management software takes an agreement and puts in the legal requirements that formally turn an agreement into a contract.
Executive employment agreements may include these categories: Compensation. Stock options/equity grants. Scope of position. Benefits. Job term and termination. Expense reimbursement. Company property. Liability protection.
Term. Often, the initial term of a CEO contract is between two and five years. A key factor to consider is the variety of ways in which the term can end before the contract expires. The term and termination provisions are intimately intertwined and need to be coordinated.
Execute an Employment Agreement for Every Executive. Specify Compensation Terms and Conditions Clearly. State Termination and Severance Conditions. Protect Your Intellectual Property. Focus on Writing With Clarity and Simplicity.
The full names of the employer and employee. The address of the employer. The place of work, or where there is no fixed or main place of work, a statement stating that there are various places or you are free to set your own place of work or to work at various places. The date the employment started.