This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Oregon Employment Contract An Oregon Employment Contract with Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation is a legally binding agreement between an executive employee and a close corporation company located in Oregon. This contract outlines the terms and conditions of employment for the executive and includes specific provisions related to their compensation package, common stock ownership, and the right of refusal to purchase shares from other shareholders. Keywords: Oregon Employment Contract, Executive, Commission Salary, Common Stock, Right of Refusal, Close Corporation There are different types of Oregon Employment Contracts with Executives Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation, depending on the specific terms agreed upon by the parties involved. These can include: 1. Full-Time Executive Employment Contract: This type of contract is for executives who will be working on a full-time basis for the close corporation company. It outlines the executive's roles, responsibilities, and compensation structure, including a commission salary based on their performance. Additionally, it grants the executive the right of refusal to purchase shares from other shareholders in the close corporation, allowing them to maintain or increase their ownership stake in the company. 2. Part-Time Executive Employment Contract: Part-time executives who are contracted by close corporation companies in Oregon may also enter into similar agreements. These contracts detail the executive's limited working hours and specify their commission salary structure and common stock ownership. The right of refusal clause is included, enabling the executive to exercise their option to purchase shares from other shareholders during specified circumstances. 3. Limited-Term Executive Employment Contract: In some cases, a close corporation may require the services of an executive for a specific project or a set duration. This type of contract serves to outline the executive's responsibilities, compensation, and common stock ownership arrangement during the limited-term period. It may also include a provision allowing the executive to exercise their right of refusal to purchase shares if the opportunity arises. 4. Renewal or Extension Executive Employment Contract: In situations where an existing executive employment contract is set to expire, the close corporation and executive may negotiate a renewal or extension of the contract. This type of agreement may contain updated terms and conditions, revised commission salary structures, and modified common stock ownership arrangements. The right of refusal to purchase shares from other shareholders will still be included, providing the executive with the opportunity to maintain their ownership interest in the close corporation. It is important to consult with legal professionals experienced in employment law and corporate regulations in Oregon to draft or review an Oregon Employment Contract with an Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation. These contracts should be tailored to meet the specific needs and requirements of both the executive and the close corporation, ensuring that all relevant legal aspects are properly addressed.Oregon Employment Contract An Oregon Employment Contract with Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation is a legally binding agreement between an executive employee and a close corporation company located in Oregon. This contract outlines the terms and conditions of employment for the executive and includes specific provisions related to their compensation package, common stock ownership, and the right of refusal to purchase shares from other shareholders. Keywords: Oregon Employment Contract, Executive, Commission Salary, Common Stock, Right of Refusal, Close Corporation There are different types of Oregon Employment Contracts with Executives Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation, depending on the specific terms agreed upon by the parties involved. These can include: 1. Full-Time Executive Employment Contract: This type of contract is for executives who will be working on a full-time basis for the close corporation company. It outlines the executive's roles, responsibilities, and compensation structure, including a commission salary based on their performance. Additionally, it grants the executive the right of refusal to purchase shares from other shareholders in the close corporation, allowing them to maintain or increase their ownership stake in the company. 2. Part-Time Executive Employment Contract: Part-time executives who are contracted by close corporation companies in Oregon may also enter into similar agreements. These contracts detail the executive's limited working hours and specify their commission salary structure and common stock ownership. The right of refusal clause is included, enabling the executive to exercise their option to purchase shares from other shareholders during specified circumstances. 3. Limited-Term Executive Employment Contract: In some cases, a close corporation may require the services of an executive for a specific project or a set duration. This type of contract serves to outline the executive's responsibilities, compensation, and common stock ownership arrangement during the limited-term period. It may also include a provision allowing the executive to exercise their right of refusal to purchase shares if the opportunity arises. 4. Renewal or Extension Executive Employment Contract: In situations where an existing executive employment contract is set to expire, the close corporation and executive may negotiate a renewal or extension of the contract. This type of agreement may contain updated terms and conditions, revised commission salary structures, and modified common stock ownership arrangements. The right of refusal to purchase shares from other shareholders will still be included, providing the executive with the opportunity to maintain their ownership interest in the close corporation. It is important to consult with legal professionals experienced in employment law and corporate regulations in Oregon to draft or review an Oregon Employment Contract with an Executive Receiving Commission Salary Plus Common Stock With Right of Refusal to Purchase Shares of Other Shareholders in a Close Corporation. These contracts should be tailored to meet the specific needs and requirements of both the executive and the close corporation, ensuring that all relevant legal aspects are properly addressed.
