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Executive employment agreements may include these categories: Compensation. Stock options/equity grants. Scope of position. Benefits. Job term and termination. Expense reimbursement. Company property. Liability protection.
Executive Employment Agreement Position of Employment. ... Term of Employment. ... Compensation and Benefits. Duties and Performance. ... Termination of Employment. ... Confidentiality. ... Noncompetition. ... Expenses.
The full names of the employer and employee. The address of the employer. The place of work, or where there is no fixed or main place of work, a statement stating that there are various places or you are free to set your own place of work or to work at various places. The date the employment started.
Essential Elements of an Employment Contract Terms of employment. The terms make up one of the most important elements. ... Compensation and benefits. ... Job description. ... Employment absence. ... Non-disclosure/confidentiality agreement. ... Termination and severance.
Executive may terminate his or her employment for Good Reason so long as Executive tenders his resignation to the Company within thirty (30) days after the occurrence of the event which forms the basis for his resignation for Good Reason.