Houston Texas Sample Employment Agreement between Telocity, Inc. and Senior Vice President of Business Development

• Category: Corporations - Public - Employment
• State: Multi-State
• City: Houston
• Control #: US-EG-9114
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development This Employment Agreement (the "Agreement") is made and entered into by and between Velocity, Inc., a corporation organized and existing under the laws of the state of Texas, with its principal place of business located in Houston, Texas (referred to as "Company" or "Employer"), and [Senior Vice President's Name], an individual resident of [City], [State] (referred to as "Employee" or "SVP"). 1. Position and Duties: Employee shall be employed as the Senior Vice President of Business Development. Employee's responsibilities include, but are not limited to: — Developing and executing the company's business development strategies — Identifying and pursuing new business opportunities — Establishing and maintaining strategic partnerships — Leading the businesdevelopmenteamedea— - Collaborating with other departments to improve revenue generation 2. Term of Employment: The term of this Agreement shall commence on [start date] and shall continue until terminated by either party as per the termination clause mentioned in this Agreement. 3. Compensation and Benefits: a. Base Salary: Employee shall receive a base salary of [amount] per [time period]. The base salary may be subject to review and adjustment periodically at the discretion of the Company. b. Bonus and Incentives: Employee may be eligible for performance-based bonuses and incentives based on achieving predetermined goals and targets. c. Employee Benefits: Employee shall be entitled to participate in the Company's employee benefit plans, including but not limited to health insurance, retirement plans, paid time off, and other benefits offered by the Company. d. Expenses: The Company will reimburse Employee for any necessary and reasonable business expenses incurred in the performance of their duties. 4. Confidentiality and Intellectual Property: Employee agrees to maintain the strictest confidentiality with regard to any proprietary or confidential information they may come across during their employment. They also acknowledge that any intellectual property developed within the scope of their employment shall be the sole property of the Company. 5. Termination: Both the Company and Employee have the right to terminate this Agreement at any time, with or without cause, by providing a written notice of termination. In the event of termination, the Employee may be entitled to receive certain severance benefits as per the severance policy of the Company. 6. Non-Competition and Non-Solicitation: During the term of their employment and for a specified period after termination, Employee shall not engage in any activities competing with the Company or solicit employees, customers, or vendors of the Company without prior written consent. This is a general sample Employment Agreement between Velocity, Inc. and a Senior Vice President of Business Development. Variations in the terms and conditions may exist depending on the specific circumstances, such as seniority, industry standards, or legal requirements. It is advisable to consult with a legal professional to tailor an agreement to suit individual needs and comply with local laws and regulations.

Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development This Employment Agreement (the "Agreement") is made and entered into by and between Velocity, Inc., a corporation organized and existing under the laws of the state of Texas, with its principal place of business located in Houston, Texas (referred to as "Company" or "Employer"), and [Senior Vice President's Name], an individual resident of [City], [State] (referred to as "Employee" or "SVP"). 1. Position and Duties: Employee shall be employed as the Senior Vice President of Business Development. Employee's responsibilities include, but are not limited to: — Developing and executing the company's business development strategies — Identifying and pursuing new business opportunities — Establishing and maintaining strategic partnerships — Leading the businesdevelopmenteamedea— - Collaborating with other departments to improve revenue generation 2. Term of Employment: The term of this Agreement shall commence on [start date] and shall continue until terminated by either party as per the termination clause mentioned in this Agreement. 3. Compensation and Benefits: a. Base Salary: Employee shall receive a base salary of [amount] per [time period]. The base salary may be subject to review and adjustment periodically at the discretion of the Company. b. Bonus and Incentives: Employee may be eligible for performance-based bonuses and incentives based on achieving predetermined goals and targets. c. Employee Benefits: Employee shall be entitled to participate in the Company's employee benefit plans, including but not limited to health insurance, retirement plans, paid time off, and other benefits offered by the Company. d. Expenses: The Company will reimburse Employee for any necessary and reasonable business expenses incurred in the performance of their duties. 4. Confidentiality and Intellectual Property: Employee agrees to maintain the strictest confidentiality with regard to any proprietary or confidential information they may come across during their employment. They also acknowledge that any intellectual property developed within the scope of their employment shall be the sole property of the Company. 5. Termination: Both the Company and Employee have the right to terminate this Agreement at any time, with or without cause, by providing a written notice of termination. In the event of termination, the Employee may be entitled to receive certain severance benefits as per the severance policy of the Company. 6. Non-Competition and Non-Solicitation: During the term of their employment and for a specified period after termination, Employee shall not engage in any activities competing with the Company or solicit employees, customers, or vendors of the Company without prior written consent. This is a general sample Employment Agreement between Velocity, Inc. and a Senior Vice President of Business Development. Variations in the terms and conditions may exist depending on the specific circumstances, such as seniority, industry standards, or legal requirements. It is advisable to consult with a legal professional to tailor an agreement to suit individual needs and comply with local laws and regulations.