Sample Employment Agreement between Velocity, Inc. and Senior Vice President of Business Development: This Employment Agreement (the "Agreement") is entered into between Velocity, Inc. (the "Company"), with its principal place of business in Oakland, Michigan, and the Senior Vice President of Business Development (the "Employee"). This Agreement outlines the terms and conditions under which the Employee will be employed by the Company. 1. Position and Duties: The Employee will serve as the Senior Vice President of Business Development and will be responsible for developing and implementing business strategies to drive growth and expand the Company's market share. The Employee will report directly to the Chief Executive Officer and will work closely with the executive team to execute the Company's goals and objectives. 2. Term of Employment: The initial term of employment under this Agreement shall be [start date] to [end date]. The Agreement may be renewed or extended by mutual agreement of the parties. 3. Compensation: The Employee will receive a competitive compensation package, including a base salary, performance-based bonuses, equity incentives, and other benefits. The specific details of compensation will be outlined in a separate agreement or appendix. 4. Confidentiality and Non-Disclosure: The Employee acknowledges that during the course of employment, they may have access to confidential and proprietary information of the Company. The Employee agrees to maintain strict confidentiality and to not disclose or use any confidential information for their personal gain or any other purpose without written permission from the Company. 5. Non-Compete and Non-Solicitation: The Employee agrees that during the term of employment and for a specified period after termination, they will not engage in any business or employment that competes with the Company or solicits its clients, employees, or partners, within a defined geographic area. 6. Termination: This Agreement may be terminated by either party for cause or without cause, subject to the terms and conditions specified within the Agreement. The Agreement outlines the procedures to be followed upon termination, including the Employee's obligations to return Company property and the Company's obligation to provide severance if applicable. Other Types of Oakland Michigan Sample Employment Agreements between Velocity, Inc. and Senior Vice President of Business Development: 1. Independent Contractor Agreement: In this type of agreement, the Senior Vice President of Business Development is engaged as an independent contractor rather than a full-time employee. The terms and conditions, including compensation and duration, will differ from the standard Employment Agreement. 2. Part-Time Employment Agreement: This agreement is suitable when the Senior Vice President of Business Development will work on a part-time basis, with reduced hours and possibly a different compensation structure. 3. Consultancy Agreement: In cases where the Senior Vice President of Business Development is engaged for a limited duration or specific project-based work, a Consultancy Agreement may be used. This agreement outlines the scope of work, project timelines, and compensation terms. Note: The specific details of each agreement type will vary based on the requirements and preferences of Velocity, Inc. and the Senior Vice President of Business Development.