Chicago Illinois Sample Executive Employment Agreement for Global Access Pagers, Inc.

• Category: Corporations - Public - Employment
• State: Multi-State
• City: Chicago
• Control #: US-EG-9149
• Format: Word; Rich Text

Description

Executive Employment Agreement between Global Access Pagers, Inc. and Gary Killoran dated January 4, 1999. 19 pages Chicago, Illinois Sample Executive Employment Agreement for Global Access Pagers, Inc. This Executive Employment Agreement outlines the terms and conditions of the employment relationship between Global Access Pagers, Inc. (the "Company") and an executive based in Chicago, Illinois. It serves as a legally binding document that defines the rights, responsibilities, and expectations of both parties involved. 1. Parties: This agreement is entered into between Global Access Pagers, Inc., a leading telecommunications company headquartered in Chicago, Illinois (hereinafter referred to as the "Company"), and the executive identified below, who will serve in a specified role within the organization (hereinafter referred to as the "Executive"). 2. Position and Scope of Employment: The Executive's role will be detailed, including the specified job title, responsibilities, and reporting structure. This might include positions such as Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), or other executive-level roles within the organization. 3. Compensation and Benefits: This section stipulates the compensation package, including salary, bonuses, equity options, retirement plans, healthcare benefits, vacation leave, and any other perks or remuneration provided by the Company. Details about performance-based incentives may also be outlined. 4. Term and Termination: The agreement discusses the duration of the employment relationship, whether it is for a fixed term or "at-will," wherein either party can terminate the agreement with or without cause. It also provides information on notice periods required for termination, severance terms, and any post-termination obligations. 5. Non-Disclosure and Non-Compete: To protect the Company's proprietary information, trade secrets, and competitive advantage, this section outlines confidentiality obligations, restrictions on the dissemination of confidential data, and non-compete clauses during and after employment. 6. Intellectual Property: If the Executive's role involves creating intellectual property (IP) for the Company during the course of employment, this section defines ownership rights, assignment of IP, and any potential royalties or compensation related to the Executive's inventions or creations. 7. Governing Law and Dispute Resolution: This provision clarifies the jurisdiction responsible for interpreting and enforcing the agreement, specifying that Chicago, Illinois law will apply. It outlines the preferred methods for dispute resolution, such as negotiation, mediation, or arbitration. 8. Entire Agreement and Amendment: This clause ensures that the employment agreement represents the entire understanding between the parties and that any changes or modifications must be made in writing and agreed upon by both parties. By having a comprehensive Executive Employment Agreement tailored to the unique needs of Chicago, Illinois, Global Access Pagers, Inc., and its executives can establish a clear understanding that protects the interests of both parties involved in the employment relationship.

Chicago, Illinois Sample Executive Employment Agreement for Global Access Pagers, Inc. This Executive Employment Agreement outlines the terms and conditions of the employment relationship between Global Access Pagers, Inc. (the "Company") and an executive based in Chicago, Illinois. It serves as a legally binding document that defines the rights, responsibilities, and expectations of both parties involved. 1. Parties: This agreement is entered into between Global Access Pagers, Inc., a leading telecommunications company headquartered in Chicago, Illinois (hereinafter referred to as the "Company"), and the executive identified below, who will serve in a specified role within the organization (hereinafter referred to as the "Executive"). 2. Position and Scope of Employment: The Executive's role will be detailed, including the specified job title, responsibilities, and reporting structure. This might include positions such as Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), or other executive-level roles within the organization. 3. Compensation and Benefits: This section stipulates the compensation package, including salary, bonuses, equity options, retirement plans, healthcare benefits, vacation leave, and any other perks or remuneration provided by the Company. Details about performance-based incentives may also be outlined. 4. Term and Termination: The agreement discusses the duration of the employment relationship, whether it is for a fixed term or "at-will," wherein either party can terminate the agreement with or without cause. It also provides information on notice periods required for termination, severance terms, and any post-termination obligations. 5. Non-Disclosure and Non-Compete: To protect the Company's proprietary information, trade secrets, and competitive advantage, this section outlines confidentiality obligations, restrictions on the dissemination of confidential data, and non-compete clauses during and after employment. 6. Intellectual Property: If the Executive's role involves creating intellectual property (IP) for the Company during the course of employment, this section defines ownership rights, assignment of IP, and any potential royalties or compensation related to the Executive's inventions or creations. 7. Governing Law and Dispute Resolution: This provision clarifies the jurisdiction responsible for interpreting and enforcing the agreement, specifying that Chicago, Illinois law will apply. It outlines the preferred methods for dispute resolution, such as negotiation, mediation, or arbitration. 8. Entire Agreement and Amendment: This clause ensures that the employment agreement represents the entire understanding between the parties and that any changes or modifications must be made in writing and agreed upon by both parties. By having a comprehensive Executive Employment Agreement tailored to the unique needs of Chicago, Illinois, Global Access Pagers, Inc., and its executives can establish a clear understanding that protects the interests of both parties involved in the employment relationship.