Vermont 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 Vermont Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary Effective Date: [Insert Date] This Employment Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President Name] (referred to as "Employee"), collectively known as "Parties." Term of Employment: — The term of Employee's employment with the Company shall commence on [Insert Start Date] and continue until terminated as per the terms laid out in this Agreement. Position and Responsibilities: — Employee will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company, undertaking duties and responsibilities pertaining to their role. — Employee shall devote their full working time, attention, and best efforts to the performance of their duties, consistently working towards the Company's goals. Compensation: — The Employee shall receive a base salary of [Insert Salary Amount] per year, payable in accordance with the Company's regular payroll schedule. — In addition to the base salary, Employee shall be eligible for a performance-based bonus and participate in the Company's benefit plans as outlined in the Employee Handbook. Working Hours: — Employee's working hours shall be [Insert Working Hours] per week, subject to reasonable changes and adjustments as necessary to fulfill the responsibilities of their position. Vacation and Leave: — Employee shall be entitled to take paid vacation days as per the Company's policy, subject to reasonable prior notification and approval. — Employee shall also be entitled to leaves of absence in compliance with applicable laws, such as Family and Medical Leave Act (FMLA) and other state-specific regulations. Confidentiality and Non-Disclosure: — Employee shall maintain strict confidentiality regarding the Company's proprietary and confidential information obtained during the course of employment. — Employee shall not disclose such information to any third parties without prior written consent from the Company, during the term of employment and afterwards. Termination: — This Agreement may be terminated by either Party for cause, upon written notice specifying the cause. Cause may include, but is not limited to, gross negligence, breach of fiduciary duty, or violation of company policies. — In case of termination without cause, the Employee shall be entitled to severance benefits as described in this Agreement. Governing Law and Venue: — This Agreement shall be governed by and construed in accordance with the laws of the State of Vermont. Any disputes arising from this Agreement shall be resolved by the exclusive jurisdiction of the state or federal courts in Vermont. Severability: — If any provision of this Agreement is held to be invalid, illegal, or unenforceable, such provision shall be severed from this Agreement and the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law. Entire Agreement: — This Agreement constitutes the entire understanding and agreement between the Parties concerning Employee's employment and supersedes any prior agreements, written or verbal. Additional Vermont Sample Employment Agreements for Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. Vermont Sample Employment Agreement with Non-Compete Clause: This agreement includes a provision stating that the Employee shall not engage in any activities that directly compete with the business of the Company during employment and for a specified period after termination. 2. Vermont Sample Employment Agreement with Stock Options: This agreement provides the Employee with an opportunity to acquire company stocks at a predetermined price, encouraging long-term commitment and rewarding their contribution to the Company's growth. 3. Vermont Sample Employment Agreement with Commission-Based Compensation: This agreement designates a portion of the Employee's compensation to be based on commission, incentivizing the achievement of specific sales or revenue targets. These additional agreements are tailored to address specific needs or circumstances of the Employee and Company, while the basic terms and provisions remain consistent with the main Employment Agreement.

Vermont Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary Effective Date: [Insert Date] This Employment Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President Name] (referred to as "Employee"), collectively known as "Parties." Term of Employment: — The term of Employee's employment with the Company shall commence on [Insert Start Date] and continue until terminated as per the terms laid out in this Agreement. Position and Responsibilities: — Employee will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company, undertaking duties and responsibilities pertaining to their role. — Employee shall devote their full working time, attention, and best efforts to the performance of their duties, consistently working towards the Company's goals. Compensation: — The Employee shall receive a base salary of [Insert Salary Amount] per year, payable in accordance with the Company's regular payroll schedule. — In addition to the base salary, Employee shall be eligible for a performance-based bonus and participate in the Company's benefit plans as outlined in the Employee Handbook. Working Hours: — Employee's working hours shall be [Insert Working Hours] per week, subject to reasonable changes and adjustments as necessary to fulfill the responsibilities of their position. Vacation and Leave: — Employee shall be entitled to take paid vacation days as per the Company's policy, subject to reasonable prior notification and approval. — Employee shall also be entitled to leaves of absence in compliance with applicable laws, such as Family and Medical Leave Act (FMLA) and other state-specific regulations. Confidentiality and Non-Disclosure: — Employee shall maintain strict confidentiality regarding the Company's proprietary and confidential information obtained during the course of employment. — Employee shall not disclose such information to any third parties without prior written consent from the Company, during the term of employment and afterwards. Termination: — This Agreement may be terminated by either Party for cause, upon written notice specifying the cause. Cause may include, but is not limited to, gross negligence, breach of fiduciary duty, or violation of company policies. — In case of termination without cause, the Employee shall be entitled to severance benefits as described in this Agreement. Governing Law and Venue: — This Agreement shall be governed by and construed in accordance with the laws of the State of Vermont. Any disputes arising from this Agreement shall be resolved by the exclusive jurisdiction of the state or federal courts in Vermont. Severability: — If any provision of this Agreement is held to be invalid, illegal, or unenforceable, such provision shall be severed from this Agreement and the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law. Entire Agreement: — This Agreement constitutes the entire understanding and agreement between the Parties concerning Employee's employment and supersedes any prior agreements, written or verbal. Additional Vermont Sample Employment Agreements for Executive Vice President Chief Administrative Officer and Corporate Secretary: 1. Vermont Sample Employment Agreement with Non-Compete Clause: This agreement includes a provision stating that the Employee shall not engage in any activities that directly compete with the business of the Company during employment and for a specified period after termination. 2. Vermont Sample Employment Agreement with Stock Options: This agreement provides the Employee with an opportunity to acquire company stocks at a predetermined price, encouraging long-term commitment and rewarding their contribution to the Company's growth. 3. Vermont Sample Employment Agreement with Commission-Based Compensation: This agreement designates a portion of the Employee's compensation to be based on commission, incentivizing the achievement of specific sales or revenue targets. These additional agreements are tailored to address specific needs or circumstances of the Employee and Company, while the basic terms and provisions remain consistent with the main Employment Agreement.