Oklahoma 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 Title: Oklahoma Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer Introduction: In the state of Oklahoma, employment agreements play a crucial role in establishing clear expectations, rights, and responsibilities between employers and employees. This article will delve into a detailed description of an Oklahoma Sample Employment Agreement between Velocity, Inc. and their Executive Vice President and Chief Financial Officer. Key Terms: 1. Parties: The agreement will outline the names and roles of both parties involved in the contract, namely Velocity, Inc. (the employer) and the Executive Vice President and Chief Financial Officer (the employee). 2. Term of Employment: This section will specify the duration of the agreement, typically indicating a start and end date or defining the employment as "at-will." 3. Position and Duties: A comprehensive description of the executive's role, responsibilities, and reporting structure within the organization. 4. Compensation: This section will outline the executive's base salary, potential bonuses or commissions, benefits package, and any other financial arrangements. 5. Termination: Details circumstances under which either party may terminate the employment agreement, including notice periods and grounds for termination. 6. Non-Disclosure and Non-Compete: A provision safeguarding Velocity, Inc.'s proprietary information and preventing the executive from joining or starting a competitive venture during and after the employment. 7. Intellectual Property: Outlines who own the intellectual property created during the executive's tenure and any agreements on confidentiality or disclosure. 8. Governing Law: Indicates that the agreement is subject to Oklahoma state employment laws and regulations. 9. Dispute Resolution: Establishes a mechanism for settling disputes, such as mediation, arbitration, or litigation, if necessary. 10. Entire Agreement: A clause confirming that the written employment agreement supersedes any prior verbal or written agreements between the parties. Types of Oklahoma Sample Employment Agreements: 1. Fixed-Term Employment Agreement: This agreement specifies a defined period during which the employment relationship will remain in effect, after which it may be renewed or terminated. 2. At-Will Employment Agreement: Common in Oklahoma, this contract allows either party (the employer or executive) to terminate the employment relationship at any time without cause and without providing notice, subject to certain legal requirements. 3. Non-Compete Employment Agreement: A specialized agreement that prohibits the executive from engaging in similar work or joining a direct competitor during or after their employment with Velocity, Inc. Conclusion: An Oklahoma Sample Employment Agreement between Velocity, Inc. and their Executive Vice President and Chief Financial Officer should adhere to relevant state employment laws while establishing clear expectations and protecting the interests of both parties involved. Employers should consult legal professionals to ensure these agreements comply with applicable regulations.

Title: Oklahoma Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer Introduction: In the state of Oklahoma, employment agreements play a crucial role in establishing clear expectations, rights, and responsibilities between employers and employees. This article will delve into a detailed description of an Oklahoma Sample Employment Agreement between Velocity, Inc. and their Executive Vice President and Chief Financial Officer. Key Terms: 1. Parties: The agreement will outline the names and roles of both parties involved in the contract, namely Velocity, Inc. (the employer) and the Executive Vice President and Chief Financial Officer (the employee). 2. Term of Employment: This section will specify the duration of the agreement, typically indicating a start and end date or defining the employment as "at-will." 3. Position and Duties: A comprehensive description of the executive's role, responsibilities, and reporting structure within the organization. 4. Compensation: This section will outline the executive's base salary, potential bonuses or commissions, benefits package, and any other financial arrangements. 5. Termination: Details circumstances under which either party may terminate the employment agreement, including notice periods and grounds for termination. 6. Non-Disclosure and Non-Compete: A provision safeguarding Velocity, Inc.'s proprietary information and preventing the executive from joining or starting a competitive venture during and after the employment. 7. Intellectual Property: Outlines who own the intellectual property created during the executive's tenure and any agreements on confidentiality or disclosure. 8. Governing Law: Indicates that the agreement is subject to Oklahoma state employment laws and regulations. 9. Dispute Resolution: Establishes a mechanism for settling disputes, such as mediation, arbitration, or litigation, if necessary. 10. Entire Agreement: A clause confirming that the written employment agreement supersedes any prior verbal or written agreements between the parties. Types of Oklahoma Sample Employment Agreements: 1. Fixed-Term Employment Agreement: This agreement specifies a defined period during which the employment relationship will remain in effect, after which it may be renewed or terminated. 2. At-Will Employment Agreement: Common in Oklahoma, this contract allows either party (the employer or executive) to terminate the employment relationship at any time without cause and without providing notice, subject to certain legal requirements. 3. Non-Compete Employment Agreement: A specialized agreement that prohibits the executive from engaging in similar work or joining a direct competitor during or after their employment with Velocity, Inc. Conclusion: An Oklahoma Sample Employment Agreement between Velocity, Inc. and their Executive Vice President and Chief Financial Officer should adhere to relevant state employment laws while establishing clear expectations and protecting the interests of both parties involved. Employers should consult legal professionals to ensure these agreements comply with applicable regulations.