Sacramento California Employment Agreement with Chief Financial Officer

Name: Sacramento California Employment Agreement with Chief Financial Officer
Brand: US Legal Forms
Rating: 4.57 (363 reviews)

Category:

Employment - Contracts

State:

Multi-State

County:

Sacramento

Control #:

US-0256BG

Format:

Instant download

Description

This agreement contains a covenant not to compete. Restrictions to prevent competition by a present or former employee are held valid when they are reasonable and necessary to protect the interests of the employer. For example, a provision in an employme

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FAQ

Under the exceptions to BPC §16600, California courts generally will enforce non-solicits against partners, LLC members, and parties to the sale of a business or business interests, provided the agreement relates to the conduct of business in a specified geographic area.

Specifying your roles and responsibilities in your CFO employment contract is important because your performance evaluation is based on your responsibilities, and in turn, your compensation, continued employment, and even severance depend on your performance.

An employment contract should state whether you are a contractor or an at-will employee. If you are working at will, you can terminate the contract at any time, but you have to give a two-week notice. If you are a contractor, the contract will probably have specific conditions for terminating the contract.

A Chief Financial Officer's (CFO) daily responsibilities include such as building financial models, analyzing and preparing financial statements, and reconciling income and expenses.

Hiring a new CEO is one of the most significant undertakings in the life cycle of an association, and the employment contract between them is a critical document. In principle, the contract should be clear, fair, and balanced between the parties.

All employment agreements are legally binding on the employer and, therefore, employers are best served by having them drafted and reviewed by an experienced employment law attorney. Contract law is a particularly complex discipline that relies largely on common law, which is law as developed by judges and court cases.

Your compensation package is a major part of your CFO contract and you want to be fairly compensated for your work. CFO compensation may include a base salary, bonuses, equity compensation, and benefits including healthcare and life insurance, relocation, a car, etc.

In California, Employment contracts are legally binding agreements that create the employer-employee relationship. An employment contract can either be created by writing, verbal agreement, or because of implied circumstances.

The most serious legal issue that arises with the use of an employment contract is the contract breach. This can happen when the employer violates the terms of the contract clauses. This can happen through termination, invalid demotion or even not providing the relevant breaks, vacation or pay raises.

Chief financial officers work in comfortable, temperature-controlled offices, where they often spend many hours on the computer, and then meet with others in comfortable conference rooms. They receive assistance from office support personnel for any clerical tasks they might need performed.

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Sacramento California Employment Agreement with Chief Financial Officer

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