Oklahoma Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Marketing Officer This Oklahoma Sample Employment Agreement outlines the terms and conditions agreed upon by Velocity, Inc. and the Executive Vice President and Chief Marketing Officer (CMO) to formalize their employment relationship. This agreement serves to establish a clear framework for the executive's role, responsibilities, compensation, and other relevant aspects of their employment. Keywords: Oklahoma employment agreement, Velocity, Inc., Executive Vice President, Chief Marketing Officer, detailed description, terms and conditions, employment relationship, framework, role, responsibilities, compensation. This Oklahoma Sample Employment Agreement includes several key sections, covering the following important elements: 1. Parties: Clearly identifies the parties involved, namely Velocity, Inc. (referred to as the "Company") and the Executive Vice President and Chief Marketing Officer (referred to as the "Executive"). 2. Appointment: Defines the executive's title, role, and reporting structure within the company, emphasizing their position as the CMO. 3. Term of Employment: Specifies the initial term of employment, along with provisions for automatic renewal, termination, and notice periods. 4. Duties and Responsibilities: Clearly outlines the executive's duties and responsibilities related to their position, emphasizing marketing leadership, strategic planning, team management, etc. This section ensures alignment between the executive's role and the organization's needs. 5. Compensation: Accurately details the executive's compensation package, including salary, bonuses, equity grants, benefits, and other potential incentives or perquisites. It might mention specific Oklahoma labor laws or regulations related to compensation. 6. Confidentiality and Proprietary Information: Enforces the executive's obligation to maintain confidentiality regarding the company's confidential and proprietary information both during and after employment. 7. Non-Compete and Non-Solicitation: Outlines the restrictions on the executive's engagement with competing companies or solicitation of the company's employees, clients, or suppliers during and after employment. 8. Intellectual Property: Covers ownership and usage rights of intellectual property developed by the executive during their employment, ensuring it belongs to the company. 9. Termination: Establishes grounds for termination, which may include voluntary resignation, termination for cause, or termination without cause. It includes provisions for notice periods, severance, and post-termination obligations. 10. Governing Law: Specifies that the agreement shall be governed and interpreted according to the laws of the state of Oklahoma, emphasizing the legal framework within which both parties will operate. Different types of Oklahoma Sample Employment Agreements between Velocity, Inc. and the Executive Vice President and Chief Marketing Officer could include various modifications and additions to address specific circumstances or considerations. For example, an employment agreement for a different executive or a modified agreement for a different role within Velocity, Inc. might include changes to compensation, responsibilities, or termination provisions.
Oklahoma Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Marketing Officer
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What is an Amendment To Employment Agreement? An amendment to employment agreement is a written document that changes or updates the terms of an existing employment contract. While amendments are often used for minor changes, they can also make significant alterations to an employment agreement.
An executive contract, also known as an executive employment contract or an executive employment agreement is a written employment agreement between an employer and a highly compensated employee serving in an executive capacity within the company, such as a Chief Executive Officer, Chief Operating Officer, Chief ...
An executive employment agreement is a legal contract between an employer and an executive that outlines the terms of their working relationship. These agreements include information about salary, benefits, stock options or awards, vacation time allotment and more.
The term cause has no uniform definition. However, agreements typically define it as ?willful or gross misconduct, moral turpitude, failure to perform duties, or breach of fiduciary duty.? Less frequently, sexual harassment, substance abuse or incompetence are specifically included as grounds for termination for cause.
The term ?Termination for Cause? shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...
Key Considerations for Executives Negotiating Employment Agreements Make sure the compensation is clear. ... Understand how the relationship can be ended. ... Severance is beneficial for both sides; know what triggers it. ... Be aware of non-competes. ... Be careful when relying on other promises.
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.
Executive exemption A person employed in an executive capacity means any employee: Whose duties and responsibilities involve the management of the enterprise in which he or she is employed or of a customarily recognized department or subdivision thereof; and.