Tennessee Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary

• Category: Corporations - Public - Employment
• State: Multi-State
• Control #: US-EG-9117
• Format: Word; Rich Text

Description

Employment Agreement between Telocity, Inc. and Scott Martin as Executive Vice President, Chief Administrative Officer and Corporate Secretary dated Dec. 8, 1999.10 pages Title: Tennessee Sample Employment Agreement for Executive Vice President Chief Administrative Officer and Corporate Secretary Introduction: This Tennessee Sample Employment Agreement outlines the terms and conditions of employment between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary. This agreement serves as a legal document to establish the rights, responsibilities, and obligations of both parties involved. By utilizing this sample employment agreement, Velocity, Inc. aims to provide clarity and protection to its executives while ensuring a mutually beneficial working relationship. Keywords: Tennessee, Sample Employment Agreement, Velocity, Inc., Executive Vice President, Chief Administrative Officer, Corporate Secretary. Contents of the Employment Agreement: 1. Parties Involved: This section identifies Velocity, Inc. as the employer and the named individual as the employee and specifies the effective date of the agreement. 2. Position and Scope of Work: Details the specific position of the Executive Vice President Chief Administrative Officer and Corporate Secretary in the company, along with the general responsibilities, reporting structure, and any special requirements for the role. 3. Compensation and Benefits: Includes information regarding the base salary, bonus structure, stock options or equity grants, and any additional compensation or benefits the executive may be entitled to, such as retirement plans, healthcare coverage, vacation leave, and other perks. 4. Term of Employment: States the duration of the employment agreement, which may be fixed-term or at-will, based on the company's policy or specific arrangements made. 5. Termination: — Termination for Cause: Outlines the circumstances under which Velocity, Inc. has the right to terminate the executive's employment for cause, including provisions for notice period and potential consequences. — Termination without Cause: Specifies the conditions under which the company can terminate the agreement without cause, including severance pay, continuation of benefits, and any other terms agreed upon. — Resignation: Addresses how the executive may terminate the agreement voluntarily, including any notice period required and potential limitations on professional activities following resignation. 6. Confidentiality and Non-Compete: Provides safeguards for Velocity, Inc.'s proprietary information, trade secrets, and client relationships, along with any non-compete or non-solicitation clauses that may apply during or after the employment period. 7. Intellectual Property: Clarifies the ownership and rights to intellectual property created during the executive's employment with Velocity, Inc., ensuring proper protection and acknowledgment of the company's intellectual assets. 8. Governing Law and Dispute Resolution: Determines the applicable state laws, such as Tennessee, and establishes procedures for resolving disputes through negotiation, mediation, or arbitration. Additional Types of Tennessee Sample Employment Agreement (varying executive roles): — Tennessee Sample EmploymenAgreementen— - Chief Financial Officer — Tennessee Sample EmploymenAgreementen— - Chief Technology Officer — Tennessee Sample EmploymenAgreementen— - Chief Marketing Officer — Tennessee Sample EmploymenAgreementen— - Chief Operating Officer Note: These additional employment agreements would have similar sections but with position-specific details and responsibilities tailored to the respective executive roles.

Title: Tennessee Sample Employment Agreement for Executive Vice President Chief Administrative Officer and Corporate Secretary Introduction: This Tennessee Sample Employment Agreement outlines the terms and conditions of employment between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary. This agreement serves as a legal document to establish the rights, responsibilities, and obligations of both parties involved. By utilizing this sample employment agreement, Velocity, Inc. aims to provide clarity and protection to its executives while ensuring a mutually beneficial working relationship. Keywords: Tennessee, Sample Employment Agreement, Velocity, Inc., Executive Vice President, Chief Administrative Officer, Corporate Secretary. Contents of the Employment Agreement: 1. Parties Involved: This section identifies Velocity, Inc. as the employer and the named individual as the employee and specifies the effective date of the agreement. 2. Position and Scope of Work: Details the specific position of the Executive Vice President Chief Administrative Officer and Corporate Secretary in the company, along with the general responsibilities, reporting structure, and any special requirements for the role. 3. Compensation and Benefits: Includes information regarding the base salary, bonus structure, stock options or equity grants, and any additional compensation or benefits the executive may be entitled to, such as retirement plans, healthcare coverage, vacation leave, and other perks. 4. Term of Employment: States the duration of the employment agreement, which may be fixed-term or at-will, based on the company's policy or specific arrangements made. 5. Termination: — Termination for Cause: Outlines the circumstances under which Velocity, Inc. has the right to terminate the executive's employment for cause, including provisions for notice period and potential consequences. — Termination without Cause: Specifies the conditions under which the company can terminate the agreement without cause, including severance pay, continuation of benefits, and any other terms agreed upon. — Resignation: Addresses how the executive may terminate the agreement voluntarily, including any notice period required and potential limitations on professional activities following resignation. 6. Confidentiality and Non-Compete: Provides safeguards for Velocity, Inc.'s proprietary information, trade secrets, and client relationships, along with any non-compete or non-solicitation clauses that may apply during or after the employment period. 7. Intellectual Property: Clarifies the ownership and rights to intellectual property created during the executive's employment with Velocity, Inc., ensuring proper protection and acknowledgment of the company's intellectual assets. 8. Governing Law and Dispute Resolution: Determines the applicable state laws, such as Tennessee, and establishes procedures for resolving disputes through negotiation, mediation, or arbitration. Additional Types of Tennessee Sample Employment Agreement (varying executive roles): — Tennessee Sample EmploymenAgreementen— - Chief Financial Officer — Tennessee Sample EmploymenAgreementen— - Chief Technology Officer — Tennessee Sample EmploymenAgreementen— - Chief Marketing Officer — Tennessee Sample EmploymenAgreementen— - Chief Operating Officer Note: These additional employment agreements would have similar sections but with position-specific details and responsibilities tailored to the respective executive roles.