Washington 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 Washington Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Washington Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "the Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary (hereinafter referred to as "the Employee"). 1. Employment Term: The Agreement establishes the employment relationship between the Company and the Employee for an initial term of [insert duration], commencing on [insert start date]. 2. Position and Duties: The Employee will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. They will be responsible for overseeing administrative functions, ensuring compliance with legal requirements, and providing board support, among other duties necessary for the Company's operations. 3. Compensation and Benefits: The Employee will receive a base salary of [insert amount] per year, payable in regular installments. Additionally, the Employee will be entitled to participate in the Company's benefits plans, including health insurance, retirement plans, and any other benefits as provided to similarly situated executives. 4. Confidentiality and Non-Disclosure: The Agreement requires the Employee to maintain strict confidentiality of any proprietary or confidential information they obtain during the course of their employment. This includes trade secrets, client data, and any other sensitive information relating to the Company's operations. 5. Non-Competition and Non-Solicitation: During the term of their employment and for a specified period afterward, the Employee agrees not to engage in any competitive activities that may harm the Company's interests. They are also restricted from soliciting company employees, clients, or suppliers for personal gain or to benefit a competing entity. 6. Termination: The Agreement outlines the circumstances under which either party may terminate the employment relationship, including for cause, with or without notice. It also details the obligations and entitlements of both parties in case of termination, such as severance pay or transition arrangements. Other types of Washington Sample Employment Agreements between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary may include: — Fixed-Term Employment Agreement: This may establish a specific duration of employment, e.g., for a specific project or seasonal work, rather than an indefinite term. — Part-Time Employment Agreement: This could define the terms and conditions when the Employee works less than a full-time schedule, including proportional compensation and benefits. — Deferred Compensation Employment Agreement: This Agreement may offer special provisions for deferring a portion of the Employee's compensation until a later date, usually for retirement or other tax planning purposes. — Succession Plan Employment Agreement: In the case of executive succession planning, this Agreement may outline the terms and conditions for a designated individual to assume the employment position following the departure of the current Executive Vice President Chief Administrative Officer and Corporate Secretary. Please note that the above descriptions are a representation of potential variations and not specific templates. The actual content and structure of the Agreement should be customized to align with the specific requirements and legal considerations applicable to Velocity, Inc. and the Employee in the state of Washington. It is advisable to seek legal counsel to ensure compliance with local laws and regulations.

Washington Sample Employment Agreement between Velocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary This Washington Sample Employment Agreement is entered into between Velocity, Inc. (hereinafter referred to as "the Company") and the Executive Vice President Chief Administrative Officer and Corporate Secretary (hereinafter referred to as "the Employee"). 1. Employment Term: The Agreement establishes the employment relationship between the Company and the Employee for an initial term of [insert duration], commencing on [insert start date]. 2. Position and Duties: The Employee will serve as the Executive Vice President Chief Administrative Officer and Corporate Secretary of the Company. They will be responsible for overseeing administrative functions, ensuring compliance with legal requirements, and providing board support, among other duties necessary for the Company's operations. 3. Compensation and Benefits: The Employee will receive a base salary of [insert amount] per year, payable in regular installments. Additionally, the Employee will be entitled to participate in the Company's benefits plans, including health insurance, retirement plans, and any other benefits as provided to similarly situated executives. 4. Confidentiality and Non-Disclosure: The Agreement requires the Employee to maintain strict confidentiality of any proprietary or confidential information they obtain during the course of their employment. This includes trade secrets, client data, and any other sensitive information relating to the Company's operations. 5. Non-Competition and Non-Solicitation: During the term of their employment and for a specified period afterward, the Employee agrees not to engage in any competitive activities that may harm the Company's interests. They are also restricted from soliciting company employees, clients, or suppliers for personal gain or to benefit a competing entity. 6. Termination: The Agreement outlines the circumstances under which either party may terminate the employment relationship, including for cause, with or without notice. It also details the obligations and entitlements of both parties in case of termination, such as severance pay or transition arrangements. Other types of Washington Sample Employment Agreements between Velocity, Inc. and the Executive Vice President Chief Administrative Officer and Corporate Secretary may include: — Fixed-Term Employment Agreement: This may establish a specific duration of employment, e.g., for a specific project or seasonal work, rather than an indefinite term. — Part-Time Employment Agreement: This could define the terms and conditions when the Employee works less than a full-time schedule, including proportional compensation and benefits. — Deferred Compensation Employment Agreement: This Agreement may offer special provisions for deferring a portion of the Employee's compensation until a later date, usually for retirement or other tax planning purposes. — Succession Plan Employment Agreement: In the case of executive succession planning, this Agreement may outline the terms and conditions for a designated individual to assume the employment position following the departure of the current Executive Vice President Chief Administrative Officer and Corporate Secretary. Please note that the above descriptions are a representation of potential variations and not specific templates. The actual content and structure of the Agreement should be customized to align with the specific requirements and legal considerations applicable to Velocity, Inc. and the Employee in the state of Washington. It is advisable to seek legal counsel to ensure compliance with local laws and regulations.