Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc.

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9149
• Format: Word; Rich Text

Description

Executive Employment Agreement between Global Access Pagers, Inc. and Gary Killoran dated January 4, 1999. 19 pages Title: Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. Keywords: Oklahoma, sample executive employment agreement, Global Access Pagers, Inc. Introduction: An executive employment agreement is a legal document that outlines the terms and conditions surrounding the employment of a highly skilled individual within a company. In the state of Oklahoma, Global Access Pagers, Inc. provides a comprehensive sample executive employment agreement to ensure the smooth and mutually beneficial engagement between executives and the company. This article will explore the key components of the Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc., shedding light on its purpose and potential variations. 1. Basic Structure and Purpose: The Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. follows a consistent structure designed to protect the interests of both the executive and the organization. It is a legally binding contract that sets forth the terms of employment, including compensation, benefits, responsibilities, and more. 2. Job Description and Compensation: This section of the agreement outlines the specific role and responsibilities of the executive. It specifies the title, duties, reporting structure, and expected performance standards. Additionally, it details the executive's compensation package, including base salary, bonuses, stock options, or other forms of remuneration. 3. Term and Termination: The agreement clearly defines the duration or term of employment, whether it be a fixed period or an indefinite term, subject to revision. It also outlines the conditions for termination, identifying both voluntary and involuntary termination events, such as resignation, retirement, disability, or termination for cause. 4. Confidentiality and Non-Compete Clauses: To protect the company's intellectual property, trade secrets, and competitive advantage, the agreement typically includes confidentiality provisions. Executives are required to keep any proprietary information confidential, even after leaving the company. Non-compete clauses may also limit the executive's ability to work for a competitor for a specified duration after termination. 5. Benefits and Perquisites: In this section, the agreement details the various fringe benefits and perquisites the executive is entitled to, such as health insurance, retirement plans, vacation, sick leave, and other company-provided benefits. These are typically aligned with industry standards and are contingent upon the executive's continued employment. 6. Dispute Resolution and Governing Law: The agreement may include clauses specifying the methods for resolving disputes, such as arbitration or mediation, to avoid costly litigation. Additionally, it establishes that Oklahoma law governs the interpretation, validity, and enforcement of the agreement. Types of Oklahoma Sample Executive Employment Agreements for Global Access Pagers, Inc. can include: 1. Standard Sample Executive Employment Agreement: This is the basic template agreement that covers all essential terms and conditions for executive employment at Global Access Pagers, Inc. 2. Variation for C-Suite Executives: This specific agreement may contain additional provisions and benefits tailored to top-level executives, such as CEOs, CFOs, and COOs, in line with their strategic roles and unique responsibilities. Conclusion: The Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. is a comprehensive legal document that ensures a clear understanding between the executive and the company. By incorporating various provisions, this agreement safeguards the interests of both parties while fostering a mutually beneficial professional relationship. It acts as a foundation for a successful executive-employer association with key components like job description, compensation, confidentiality, benefits, termination procedures, and more.

Title: Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. Keywords: Oklahoma, sample executive employment agreement, Global Access Pagers, Inc. Introduction: An executive employment agreement is a legal document that outlines the terms and conditions surrounding the employment of a highly skilled individual within a company. In the state of Oklahoma, Global Access Pagers, Inc. provides a comprehensive sample executive employment agreement to ensure the smooth and mutually beneficial engagement between executives and the company. This article will explore the key components of the Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc., shedding light on its purpose and potential variations. 1. Basic Structure and Purpose: The Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. follows a consistent structure designed to protect the interests of both the executive and the organization. It is a legally binding contract that sets forth the terms of employment, including compensation, benefits, responsibilities, and more. 2. Job Description and Compensation: This section of the agreement outlines the specific role and responsibilities of the executive. It specifies the title, duties, reporting structure, and expected performance standards. Additionally, it details the executive's compensation package, including base salary, bonuses, stock options, or other forms of remuneration. 3. Term and Termination: The agreement clearly defines the duration or term of employment, whether it be a fixed period or an indefinite term, subject to revision. It also outlines the conditions for termination, identifying both voluntary and involuntary termination events, such as resignation, retirement, disability, or termination for cause. 4. Confidentiality and Non-Compete Clauses: To protect the company's intellectual property, trade secrets, and competitive advantage, the agreement typically includes confidentiality provisions. Executives are required to keep any proprietary information confidential, even after leaving the company. Non-compete clauses may also limit the executive's ability to work for a competitor for a specified duration after termination. 5. Benefits and Perquisites: In this section, the agreement details the various fringe benefits and perquisites the executive is entitled to, such as health insurance, retirement plans, vacation, sick leave, and other company-provided benefits. These are typically aligned with industry standards and are contingent upon the executive's continued employment. 6. Dispute Resolution and Governing Law: The agreement may include clauses specifying the methods for resolving disputes, such as arbitration or mediation, to avoid costly litigation. Additionally, it establishes that Oklahoma law governs the interpretation, validity, and enforcement of the agreement. Types of Oklahoma Sample Executive Employment Agreements for Global Access Pagers, Inc. can include: 1. Standard Sample Executive Employment Agreement: This is the basic template agreement that covers all essential terms and conditions for executive employment at Global Access Pagers, Inc. 2. Variation for C-Suite Executives: This specific agreement may contain additional provisions and benefits tailored to top-level executives, such as CEOs, CFOs, and COOs, in line with their strategic roles and unique responsibilities. Conclusion: The Oklahoma Sample Executive Employment Agreement for Global Access Pagers, Inc. is a comprehensive legal document that ensures a clear understanding between the executive and the company. By incorporating various provisions, this agreement safeguards the interests of both parties while fostering a mutually beneficial professional relationship. It acts as a foundation for a successful executive-employer association with key components like job description, compensation, confidentiality, benefits, termination procedures, and more.