Rhode Island 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 Rhode Island Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer: This Employment Agreement ("Agreement") is entered into effective as of [Effective Date], by and between Velocity, Inc. ("Company"), a corporation organized and existing under the laws of the State of Rhode Island, and [Executive Vice President and Chief Financial Officer's Full Name]. ("Executive"). 1) Position and Duties: The Executive is appointed as the Executive Vice President and Chief Financial Officer (CFO) of Velocity, Inc. In this role, the Executive will be responsible for overseeing all aspects of the company's financial operations, including but not limited to financial planning, budget management, financial reporting, and strategic financial analysis. 2) Term of Employment: The term of this Agreement shall commence on [Effective Date] and continue until terminated by either party with prior written notice of [number of days/months/years] or as otherwise provided in this Agreement. 3) Compensation and Benefits: The Executive shall receive a base salary of [amount] per annum, payable in accordance with the Company's standard payroll practices. In addition to the base salary, the Executive will be eligible for participation in the Company's comprehensive benefits package, including health insurance, retirement plans, and vacation leave, subject to the terms and conditions of the applicable plans. 4) Confidentiality and Non-Disclosure: The Executive acknowledges that they will have access to sensitive and confidential information pertaining to the Company's operations, trade secrets, and proprietary information. The Executive agrees to maintain strict confidentiality and not to disclose or use any such information for personal gain or to the detriment of the Company during and after employment. 5) Non-Competition and Non-Solicitation: During the term of employment and for a specified period after its termination, the Executive agrees not to engage in any business that directly competes with the Company within a designated geographical area. Furthermore, the Executive agrees not to solicit or encourage any employees, clients, customers, or vendors of the Company to terminate or breach their contracts or relationships with the Company. 6) Termination: This Agreement may be terminated by either party for cause, including but not limited to material breach of the terms of this Agreement, misconduct, or insubordination. In the event of termination without cause, the Executive shall be entitled to receive compensation and benefits as outlined in the severance provision of this Agreement. Other Types of Rhode Island Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer: 1) Rhode Island Sample Employment Agreement with Non-Competition Covenant: This type of agreement includes additional clauses specifying the duration and scope of non-competition restrictions that the Executive must adhere to after termination. 2) Rhode Island Sample Employment Agreement with Change of Control Clause: This agreement includes provisions that address the impact of any potential change of control, such as acquisition, merger, or sale of the Company, on the Executive's employment terms, compensation, or severance benefits. 3) Rhode Island Sample Employment Agreement with Equity Compensation: This agreement includes provisions related to the grant and vesting of equity-based compensation, such as stock options or restricted stock units, as part of the Executive's total compensation package. 4) Rhode Island Sample Employment Agreement for a Fixed-Term: This agreement is specifically designed for a predetermined term of employment, outlining the end date and any potential renewal or termination conditions. Note: It is essential to consult with legal professionals to ensure compliance with specific Rhode Island laws and regulations when drafting or entering into employment agreements.

Rhode Island Sample Employment Agreement between Velocity, Inc. and Executive Vice President and Chief Financial Officer: This Employment Agreement ("Agreement") is entered into effective as of [Effective Date], by and between Velocity, Inc. ("Company"), a corporation organized and existing under the laws of the State of Rhode Island, and [Executive Vice President and Chief Financial Officer's Full Name]. ("Executive"). 1) Position and Duties: The Executive is appointed as the Executive Vice President and Chief Financial Officer (CFO) of Velocity, Inc. In this role, the Executive will be responsible for overseeing all aspects of the company's financial operations, including but not limited to financial planning, budget management, financial reporting, and strategic financial analysis. 2) Term of Employment: The term of this Agreement shall commence on [Effective Date] and continue until terminated by either party with prior written notice of [number of days/months/years] or as otherwise provided in this Agreement. 3) Compensation and Benefits: The Executive shall receive a base salary of [amount] per annum, payable in accordance with the Company's standard payroll practices. In addition to the base salary, the Executive will be eligible for participation in the Company's comprehensive benefits package, including health insurance, retirement plans, and vacation leave, subject to the terms and conditions of the applicable plans. 4) Confidentiality and Non-Disclosure: The Executive acknowledges that they will have access to sensitive and confidential information pertaining to the Company's operations, trade secrets, and proprietary information. The Executive agrees to maintain strict confidentiality and not to disclose or use any such information for personal gain or to the detriment of the Company during and after employment. 5) Non-Competition and Non-Solicitation: During the term of employment and for a specified period after its termination, the Executive agrees not to engage in any business that directly competes with the Company within a designated geographical area. Furthermore, the Executive agrees not to solicit or encourage any employees, clients, customers, or vendors of the Company to terminate or breach their contracts or relationships with the Company. 6) Termination: This Agreement may be terminated by either party for cause, including but not limited to material breach of the terms of this Agreement, misconduct, or insubordination. In the event of termination without cause, the Executive shall be entitled to receive compensation and benefits as outlined in the severance provision of this Agreement. Other Types of Rhode Island Sample Employment Agreements between Velocity, Inc. and Executive Vice President and Chief Financial Officer: 1) Rhode Island Sample Employment Agreement with Non-Competition Covenant: This type of agreement includes additional clauses specifying the duration and scope of non-competition restrictions that the Executive must adhere to after termination. 2) Rhode Island Sample Employment Agreement with Change of Control Clause: This agreement includes provisions that address the impact of any potential change of control, such as acquisition, merger, or sale of the Company, on the Executive's employment terms, compensation, or severance benefits. 3) Rhode Island Sample Employment Agreement with Equity Compensation: This agreement includes provisions related to the grant and vesting of equity-based compensation, such as stock options or restricted stock units, as part of the Executive's total compensation package. 4) Rhode Island Sample Employment Agreement for a Fixed-Term: This agreement is specifically designed for a predetermined term of employment, outlining the end date and any potential renewal or termination conditions. Note: It is essential to consult with legal professionals to ensure compliance with specific Rhode Island laws and regulations when drafting or entering into employment agreements.