In what terms does executive agreement protect the employer and the employee?

Executive Employment Agreements These agreements typically include the duration (or Term) of employment; the executive's compensation (including incentives or bonuses), benefits, and equity arrangements; and the duties and responsibilities of the executive and employer.

Does the Fair Work Act apply to executives?

Under the Fair Work Act, an employee's maximum ordinary weekly working hours must not exceed 38 hours plus reasonable additional hours. An executive's working hours in accordance with the relevant legislation should be specified in the employment contract, even though executives will often work longer hours.

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Sample Executive Employment Agreement for Global Access Pagers...

Bexar Texas Sample Executive Employment Agreement for Global Access Pagers, Inc.

Name: Bexar Texas Sample Executive Employment Agreement for Global Access Pagers, Inc.
Brand: US Legal Forms
Rating: 4.77 (392 reviews)

Category:

Corporations - Public - Employment

State:

Multi-State

County:

Bexar

Control #:

US-EG-9149

Format:

Instant download

Description

Executive Employment Agreement between Global Access Pagers, Inc. and Gary Killoran dated January 4, 1999. 19 pages

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Executive Employment Agreements These agreements typically include the duration (or Term) of employment; the executive's compensation (including incentives or bonuses), benefits, and equity arrangements; and the duties and responsibilities of the executive and employer.

An executive employment agreement is a legal contract between an employer and an executive that outlines the terms of their working relationship. These agreements include information about salary, benefits, stock options or awards, vacation time allotment and more.

Employment contracts generally have specific contract terms such as effective date, type of employment, notice, termination, dispute process, applicable law and severability.

Under the Fair Work Act, an employee's maximum ordinary weekly working hours must not exceed 38 hours plus reasonable additional hours. An executive's working hours in accordance with the relevant legislation should be specified in the employment contract, even though executives will often work longer hours.

You should include the following terms and conditions in your employment contracts: Name and personal details of the employer and the employee. Commencement date of employment and probation period (if a permanent employee). Job title and description setting out the role and duties of the employee.

5 Key Considerations When Negotiating an Executive Employment Agreement Protect the Company's Confidential Information and Property.Restrictive Covenants Are Important, But Should Not Overreach.Set Clear Grounds and Procedures for Termination of the Agreement.

An employment contract is legally binding as long as it has three elements: an offer, acceptance, and consideration. If any of these three is missing, the contract is not legally enforceable.

Thus, an employment agreement is simply a type of contract formed between an employee and employer, which governs the terms of employment. Once both parties have signed the employment agreement, the contract will become binding and legally enforceable in court.

A Workplace Agreement is a collective agreement negotiated between the employer and its employees regarding the terms and conditions of employment. A Workplace Agreement may take three forms: Single Enterprise Agreements this involves an existing business (which may consist one or more employers) and its employees.

A chief executive employment contract helps clarify compensation arrangements and provides security to both the CEO/executive director and the board. Nonprofits should draft a formal employment contract in all but the simplest employment relationships.

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Bexar Texas Sample Executive Employment Agreement for Global Access Pagers, Inc.

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In what terms does executive agreement protect the employer and the employee?

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Does the Fair Work Act apply to executives?

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