Sample Employment Agreement for the Executive Vice President and Chief Financial Officer of Velocity, Inc. This Agreement ("Agreement") is entered into between Velocity, Inc. ("Company") and [Executive Vice President and Chief Financial Officer's Name] ("Executive") on [Date of Agreement]. 1. Employment Position and Duties: The Company hereby employs Executive as the Executive Vice President and Chief Financial Officer, and Executive accepts such employment. Executive shall perform the duties and responsibilities commensurate with this position and as directed by the Company's Board of Directors. 2. Term of Employment: This Agreement shall commence on [Date of Commencement] and continue until terminated as described in Section 5 below. 3. Compensation and Benefits: Executive shall receive a base salary of [Amount] per year, payable in bi-weekly installments. In addition to the base salary, Executive shall be eligible for performance-based bonuses, equity grants, and other benefits as determined by the Company. The compensation and benefits shall be subject to review and adjustment by the Company. 4. Expenses: The Company shall reimburse Executive for all reasonable and necessary business expenses incurred in the performance of Executive's duties, in accordance with the Company's policies and guidelines. 5. Termination: a. Termination by Company: i. For Cause: The Company may terminate this Agreement for Cause (as defined below) upon written notice to the Executive. "Cause" includes but is not limited to willful misconduct, breach of fiduciary duty, material breach of this Agreement, or violation of the Company's policies. ii. Without Cause: The Company may terminate this Agreement without Cause, subject to providing Executive [Number of Days or Months] prior written notice or the equivalent salary in lieu of notice. b. Termination by Executive: i. Good Reason: Executive may terminate this Agreement for Good Reason (as defined below) upon written notice to the Company, subject to a notice period of [Number of Days or Months] or the equivalent salary in lieu of notice. ii. Without Good Reason: Executive may terminate this Agreement without Good Reason, subject to providing [Number of Days or Months] prior written notice to the Company or the equivalent salary in lieu of notice. 6. Confidentiality and Non-Competition: Executive shall sign a separate confidentiality and non-competition agreement, agreeing to protect the Company's confidential information and not to engage in activities that compete with the Company during employment and for a specified period after termination. 7. Governing Law and Severability: This Agreement shall be governed by and construed in accordance with the laws of the State of West Virginia. If any provision of this Agreement is deemed unenforceable, such provision shall be struck and the remaining provisions shall continue in full force and effect. This sample Employment Agreement represents a standard agreement format between Velocity, Inc. and an Executive Vice President and Chief Financial Officer, outlining key provisions related to employment position, duties, compensation, termination, confidentiality, and non-competition.
West Virginia Sample Employment Agreement between Telocity, Inc. and Executive Vice President and Chief Financial Officer
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How to fill out West Virginia Sample Employment Agreement Between Telocity, Inc. And Executive Vice President And Chief Financial Officer?
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