Ohio Senior Executive Employment Agreement for Infocast Corp.

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9386
• Format: Word; Rich Text

Description

Senior Executive Employment Agreement between Infocast Corporation and Herve Seguin dated December 6, 1999. 13 pages. Title: Ohio Senior Executive Employment Agreement for Info cast Corp.: Key Provisions and Types Introduction: The Ohio Senior Executive Employment Agreement for Info cast Corp. is a legally binding contract between Info cast Corp. and senior-level executives in the state of Ohio. This agreement outlines the terms and conditions of employment for senior executives, ensuring a clear understanding of each party's rights, responsibilities, and expectations. There may be different types of employment agreements depending on various factors, which will be discussed later in this description. Key Provisions: 1. Parties Involved: The agreement identifies Info cast Corp. as the employer and the respective senior executive as the employee. 2. Job Title and Responsibilities: The agreement explicitly states the senior executive's job title and outlines their primary duties, including managerial responsibilities and specific functional areas. 3. Compensation Package: This agreement outlines the senior executive's compensation package, including base salary, performance bonuses, stock options, and other benefits. 4. Terms of Employment: The employment agreement sets the duration of employment, such as whether it is for a fixed term or an indefinite period. It specifies the start date and may include renewal or termination provisions. 5. Non-disclosure and Confidentiality: Senior executives are required to maintain confidentiality regarding sensitive information and trade secrets of Info cast Corp. This provision protects intellectual property and ensures the preservation of competitive advantage. 6. Non-Compete and Non-Solicitation: To safeguard Info cast Corp.'s interests, senior executives may be subject to non-compete and non-solicitation clauses, limiting their ability to work for competitors or entice current employees. 7. Intellectual Property: The agreement defines ownership rights of intellectual property created by the senior executive during their employment with Info cast Corp. These rights typically remain with the company. 8. Termination Conditions: The Ohio Senior Executive Employment Agreement specifies the conditions under which either party can terminate the agreement, including voluntary resignation, termination for cause, and termination without cause. It also outlines severance package details in case of termination without cause. 9. Dispute Resolution: In case of disagreements, the agreement may include a provision specifying alternative dispute resolution methods, such as mediation or arbitration, to avoid lengthy court proceedings. 10. Governing Law: The agreement identifies Ohio as the jurisdiction governing the terms and interpretation of the contract. Types of Ohio Senior Executive Employment Agreements for Info cast Corp.: 1. Fixed-Term Employment Agreement: This type of agreement has a predetermined start and end date, after which it may be renewed or terminate. 2. Indefinite Employment Agreement: This agreement has no predetermined end date, and the employment relationship continues until either party terminates the agreement. 3. Part-Time Employment Agreement: This agreement outlines a reduced workload or specific hours for a senior executive who may only work part-time hours. 4. Interim Employment Agreement: This type of agreement is temporary and covers the period when a senior executive temporarily assumes the role until a permanent replacement is found. Conclusion: The Ohio Senior Executive Employment Agreement for Info cast Corp. is a comprehensive contract that ensures clarity and protection for both the company and senior executives. While various types of the agreement exist, their core purpose remains the same: to define the terms and conditions under which senior executives work for Info cast Corp.

Title: Ohio Senior Executive Employment Agreement for Info cast Corp.: Key Provisions and Types Introduction: The Ohio Senior Executive Employment Agreement for Info cast Corp. is a legally binding contract between Info cast Corp. and senior-level executives in the state of Ohio. This agreement outlines the terms and conditions of employment for senior executives, ensuring a clear understanding of each party's rights, responsibilities, and expectations. There may be different types of employment agreements depending on various factors, which will be discussed later in this description. Key Provisions: 1. Parties Involved: The agreement identifies Info cast Corp. as the employer and the respective senior executive as the employee. 2. Job Title and Responsibilities: The agreement explicitly states the senior executive's job title and outlines their primary duties, including managerial responsibilities and specific functional areas. 3. Compensation Package: This agreement outlines the senior executive's compensation package, including base salary, performance bonuses, stock options, and other benefits. 4. Terms of Employment: The employment agreement sets the duration of employment, such as whether it is for a fixed term or an indefinite period. It specifies the start date and may include renewal or termination provisions. 5. Non-disclosure and Confidentiality: Senior executives are required to maintain confidentiality regarding sensitive information and trade secrets of Info cast Corp. This provision protects intellectual property and ensures the preservation of competitive advantage. 6. Non-Compete and Non-Solicitation: To safeguard Info cast Corp.'s interests, senior executives may be subject to non-compete and non-solicitation clauses, limiting their ability to work for competitors or entice current employees. 7. Intellectual Property: The agreement defines ownership rights of intellectual property created by the senior executive during their employment with Info cast Corp. These rights typically remain with the company. 8. Termination Conditions: The Ohio Senior Executive Employment Agreement specifies the conditions under which either party can terminate the agreement, including voluntary resignation, termination for cause, and termination without cause. It also outlines severance package details in case of termination without cause. 9. Dispute Resolution: In case of disagreements, the agreement may include a provision specifying alternative dispute resolution methods, such as mediation or arbitration, to avoid lengthy court proceedings. 10. Governing Law: The agreement identifies Ohio as the jurisdiction governing the terms and interpretation of the contract. Types of Ohio Senior Executive Employment Agreements for Info cast Corp.: 1. Fixed-Term Employment Agreement: This type of agreement has a predetermined start and end date, after which it may be renewed or terminate. 2. Indefinite Employment Agreement: This agreement has no predetermined end date, and the employment relationship continues until either party terminates the agreement. 3. Part-Time Employment Agreement: This agreement outlines a reduced workload or specific hours for a senior executive who may only work part-time hours. 4. Interim Employment Agreement: This type of agreement is temporary and covers the period when a senior executive temporarily assumes the role until a permanent replacement is found. Conclusion: The Ohio Senior Executive Employment Agreement for Info cast Corp. is a comprehensive contract that ensures clarity and protection for both the company and senior executives. While various types of the agreement exist, their core purpose remains the same: to define the terms and conditions under which senior executives work for Info cast Corp.