South Carolina Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development This South Carolina Sample Employment Agreement is a legally binding document entered into between Velocity, Inc. (hereinafter referred to as the "Company") and the Senior Vice President of Business Development (hereinafter referred to as the "Employee"). This agreement outlines the terms and conditions of employment for the Employee working in the state of South Carolina. Key terms and clauses included in this Sample Employment Agreement: 1. Position and Duties: a. The Company agrees to employ the Employee in the role of Senior Vice President of Business Development. b. The Employee will be responsible for overseeing the business development strategies, developing new client relationships, and fostering existing partnerships according to the Company's objectives. 2. Term of Employment: a. The term of employment shall begin on the effective date and continue until terminated as per the clauses mentioned in the agreement. b. Either party may terminate the agreement by providing written notice within the specified notice period. 3. Compensation and Benefits: a. The Employee shall receive a base salary, payable on a regular schedule, as specified in a separate Compensation Agreement. b. The Employee is entitled to participate in the Company's benefit programs, including health insurance, retirement plans, and vacation days, as per the Company's policies. 4. Non-Compete and Confidentiality: a. The Employee shall agree to a non-compete clause that restricts them from engaging in certain business activities that may directly compete with the Company's business during and after employment. b. The Employee shall maintain strict confidentiality regarding proprietary information, trade secrets, and any sensitive information obtained during their tenure with the Company. 5. Termination Clause: a. This clause outlines the conditions under which the agreement may be terminated, such as voluntary resignation, termination for cause, or termination without cause. b. Payment of any outstanding compensation, benefits, and accrued vacation will be subject to the terms of termination. Different types of South Carolina Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development: 1. Full-Time Employment Agreement: This type of agreement is for a Senior Vice President of Business Development who will work on a full-time basis, with standard work hours and benefits. 2. Fixed-Term Employment Agreement: This agreement specifies a fixed duration of employment, after which the agreement may be renewed or terminated based on mutual agreement. 3. Part-Time Employment Agreement: This type of agreement outlines the terms and conditions of employment for a Senior Vice President of Business Development working on a part-time basis, with reduced work hours and benefits. 4. Commission-Based Employment Agreement: This agreement sets out the terms and conditions for a Senior Vice President of Business Development who will receive a significant portion of their compensation as commissions on successfully securing new business opportunities. Note: It is essential to consult with legal professionals to ensure the accuracy and compliance of any employment agreement, customization as per specific needs, and adherence to state laws in South Carolina.