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 employment contract which prohibited an employee for two years from calling on any customer of the employer called on by the employee during the last six months of employment would generally be valid. Courts will closely examine covenants not to compete signed by individuals in order to make sure that they are not unreasonable as to time or geographical area.
Description: The Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer lays out the terms and conditions of employment between the city of Franklin, Ohio, and the Chief Financial and Administrative Officer (CFAO). In this agreement, the CFAO is appointed to an executive leadership position within the city's administration. The agreement encompasses various aspects of employment, including duties, responsibilities, compensation, benefits, and termination provisions. It provides a detailed framework to ensure a mutually beneficial professional relationship between the CFAO and the city. The Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer typically includes the following key elements: 1. Position and Duties: This section outlines the specific role and responsibilities of the CFAO. It describes their duties related to finance, budgeting, accounting, administrative functions, and any other relevant tasks required by the city. 2. Compensation: This clause details the CFAO's salary, bonuses, benefits, and any other forms of financial remuneration. It may include information on performance-based incentives, cost-of-living adjustments, and annual salary reviews. 3. Benefits: This section outlines the comprehensive benefits package offered to the CFAO, which may include health insurance, retirement plans, paid time off, sick leave, and other perks available to city employees. 4. Term of Agreement: The agreement specifies the duration of the employment relationship between the CFAO and the city. It may include provisions for automatic renewal or notice periods for termination. 5. Termination: This clause outlines the conditions under which either party can terminate the agreement before the expiration of the agreed term. It may cover reasons such as poor performance, misconduct, budget constraints, or mutual agreement. 6. Confidentiality and Non-disclosure: This section addresses the protection of sensitive information, trade secrets, and proprietary data the CFAO may have access to during their employment. It emphasizes the importance of maintaining confidentiality and may include penalties for breaches. 7. Non-competition and Non-solicitation: In some cases, the agreement may contain provisions restricting the CFAO's ability to compete against the city or solicit its employees or clients for a certain period after termination. 8. Governing Law and Jurisdiction: This clause specifies the legal jurisdiction that will govern the agreement and any potential disputes that may arise. Different types of Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer may exist based on the specific requirements of the position or the city's organizational structure. Variations could include agreements tailored for different departments, divisions, or special projects within Franklin, Ohio.Description: The Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer lays out the terms and conditions of employment between the city of Franklin, Ohio, and the Chief Financial and Administrative Officer (CFAO). In this agreement, the CFAO is appointed to an executive leadership position within the city's administration. The agreement encompasses various aspects of employment, including duties, responsibilities, compensation, benefits, and termination provisions. It provides a detailed framework to ensure a mutually beneficial professional relationship between the CFAO and the city. The Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer typically includes the following key elements: 1. Position and Duties: This section outlines the specific role and responsibilities of the CFAO. It describes their duties related to finance, budgeting, accounting, administrative functions, and any other relevant tasks required by the city. 2. Compensation: This clause details the CFAO's salary, bonuses, benefits, and any other forms of financial remuneration. It may include information on performance-based incentives, cost-of-living adjustments, and annual salary reviews. 3. Benefits: This section outlines the comprehensive benefits package offered to the CFAO, which may include health insurance, retirement plans, paid time off, sick leave, and other perks available to city employees. 4. Term of Agreement: The agreement specifies the duration of the employment relationship between the CFAO and the city. It may include provisions for automatic renewal or notice periods for termination. 5. Termination: This clause outlines the conditions under which either party can terminate the agreement before the expiration of the agreed term. It may cover reasons such as poor performance, misconduct, budget constraints, or mutual agreement. 6. Confidentiality and Non-disclosure: This section addresses the protection of sensitive information, trade secrets, and proprietary data the CFAO may have access to during their employment. It emphasizes the importance of maintaining confidentiality and may include penalties for breaches. 7. Non-competition and Non-solicitation: In some cases, the agreement may contain provisions restricting the CFAO's ability to compete against the city or solicit its employees or clients for a certain period after termination. 8. Governing Law and Jurisdiction: This clause specifies the legal jurisdiction that will govern the agreement and any potential disputes that may arise. Different types of Franklin Ohio Employment Agreement with Chief Financial and Administrative Officer may exist based on the specific requirements of the position or the city's organizational structure. Variations could include agreements tailored for different departments, divisions, or special projects within Franklin, Ohio.
