[{"data":1,"prerenderedAt":521},["ShallowReactive",2],{"document-employment-agreement-executive-D543":3},{"document":4,"label":26,"preview":11,"thumb":27,"thumb600":28,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":29,"breadcrumb":33,"related":39,"customDescModule":177,"customdescription":6,"mdFm":178,"mdProseHtml":520},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":25},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.",null,"Employment Agreement Executive","12",97,"doc","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[16,19,22],{"label":17,"url":18},"Human Resources","/templates/human-resources/",{"label":20,"url":21},"Hire an Employee","/templates/hire-employee/",{"label":23,"url":24},"Legal Agreements","/templates/business-legal-agreements/","employment agreement executive","Employment Agreement Executive Template","https://templates.business-in-a-box.com/imgs/400px/543.png","https://templates.business-in-a-box.com/imgs/600px/543.png",[30,16,19,22],{"label":31,"url":32},"Templates","/templates/",[34,35,36],{"label":31,"url":32},{"label":23,"url":24},{"label":37,"url":38},"Employment & Contractors","/templates/employment-and-contractors/",[40,44,48,52,56,60,64,68,72,76,80,84,88,106,119,134,149,162],{"label":41,"url":42,"thumb":43,"extension":10},"Employment Agreement Executive with Car Allowance","/template/employment-agreement-executive-with-car-allowance-D542","https://templates.business-in-a-box.com/imgs/250px/542.png",{"label":45,"url":46,"thumb":47,"extension":10},"Employment Agreement","/template/employment-agreement-D12539","https://templates.business-in-a-box.com/imgs/250px/12539.png",{"label":49,"url":50,"thumb":51,"extension":10},"Employment Agreement Executive2","/template/employment-agreement-executive2-D544","https://templates.business-in-a-box.com/imgs/250px/544.png",{"label":53,"url":54,"thumb":55,"extension":10},"Employment Agreement For Technical Employee","/template/employment-agreement-for-technical-employee-D540","https://templates.business-in-a-box.com/imgs/250px/540.png",{"label":57,"url":58,"thumb":59,"extension":10},"Employment Agreement Key Employee","/template/employment-agreement-key-employee-D546","https://templates.business-in-a-box.com/imgs/250px/546.png",{"label":61,"url":62,"thumb":63,"extension":10},"Post-Employment Information Release Agreement","/template/post-employment-information-release-agreement-D679","https://templates.business-in-a-box.com/imgs/250px/679.png",{"label":65,"url":66,"thumb":67,"extension":10},"Restrictive Covenants for Employment Agreements","/template/restrictive-covenants-for-employment-agreements-D555","https://templates.business-in-a-box.com/imgs/250px/555.png",{"label":69,"url":70,"thumb":71,"extension":10},"Employment Agency Agreement","/template/employment-agency-agreement-D157","https://templates.business-in-a-box.com/imgs/250px/157.png",{"label":73,"url":74,"thumb":75,"extension":10},"Executive Protection Agreement Change in Control","/template/executive-protection-agreement-change-in-control-D5192","https://templates.business-in-a-box.com/imgs/250px/5192.png",{"label":77,"url":78,"thumb":79,"extension":10},"Executive Protection Agreement Change in Control_Long Form","/template/executive-protection-agreement-change-in-control-long-form-D5193","https://templates.business-in-a-box.com/imgs/250px/5193.png",{"label":81,"url":82,"thumb":83,"extension":10},"Temporary Employment Contract","/template/temporary-employment-contract-D12734","https://templates.business-in-a-box.com/imgs/250px/12734.png",{"label":85,"url":86,"thumb":87,"extension":10},"Employment Relations Policy","/template/employment-relations-policy-D13442","https://templates.business-in-a-box.com/imgs/250px/13442.png",{"description":89,"descriptionCustom":6,"label":90,"pages":91,"size":92,"extension":10,"preview":93,"thumb":94,"svgFrame":95,"seoMetadata":96,"parents":98,"keywords":97,"url":105},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7",513,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":97,"description":6},"employment agreement_at will employee",[99,101,103],{"label":17,"url":100},"human-resources",{"label":20,"url":102},"hire-employee",{"label":23,"url":104},"business-legal-agreements","/template/employment-agreement_at-will-employee-D541",{"description":107,"descriptionCustom":6,"label":108,"pages":109,"size":92,"extension":10,"preview":110,"thumb":111,"svgFrame":112,"seoMetadata":113,"parents":115,"keywords":114,"url":118},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: JOB OFFER FOR [DESCRIBE] Dear [CANDIDATE NAME]: Congratulations! [Company name] is excited to offer you the position of [job title] with an expected start date of [day, month, year] at a starting salary of [dollar amount] per [hour, year, etc.]. You can expect to receive payment [weekly, biweekly, monthly, etc.], starting on [date of first pay period]. We must wrap up a few more formalities, including the successful completion of your [background check, drug screening, reference check, etc.]. As the [job title], you will report to [manager/supervisor name and title] at [workplace location] from [hours of day, days of week]","Job Offer Letter Long","1","https://templates.business-in-a-box.com/imgs/1000px/job-offer-letter-long-D12769.png","https://templates.business-in-a-box.com/imgs/250px/12769.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12769.xml",{"title":114,"description":6},"job offer letter long",[116,117],{"label":17,"url":100},{"label":20,"url":102},"/template/job-offer-letter-long-D12769",{"description":120,"descriptionCustom":6,"label":121,"pages":122,"size":92,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":128,"keywords":127,"url":133},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":127,"description":6},"non disclosure agreement nda",[129,130],{"label":23,"url":104},{"label":131,"url":132},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":135,"descriptionCustom":6,"label":136,"pages":137,"size":138,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":143,"keywords":147,"url":148},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[144],{"label":145,"url":146},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":150,"descriptionCustom":6,"label":151,"pages":152,"size":92,"extension":10,"preview":153,"thumb":154,"svgFrame":155,"seoMetadata":156,"parents":158,"keywords":157,"url":161},"FIXED-TERM AGREEMENT This Fixed-Term Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME], (the \"Company\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [EMPLOYEE NAME], (the \"Employee\") an individual with his main address located at: [YOUR COMPLETE ADDRESS] Collectively, the Company and Employee shall be referred to as the \"Parties.\" WHEREAS, the Company has offered employment to the Employee in the capacity of [SPECIFY CAPACITY OF EMPLOYEE] in the Company; WHEREAS, the Employee is desirous of and is willing to be employed by the Company in such capacity; NOW, THEREFORE, the Parties agree as follows: DEFINITIONS \"Agreement\" and \"this Agreement\" shall mean this Fixed-Term Agreement and all attached annexures and instruments supplemental to or amending, modifying or confirming this Agreement, in accordance with the provisions of this Agreement. \"Company\" shall have the meaning given to such expression in paragraph 1 of the introduction of the Parties. \"Confidential Information\" includes any trade/business secret, technical knowledge or know-how, financial information, plans, customer lists, pricing policies and procedures, marketing data, research and development data, product data, any formula pattern or compilation of information used in the business of the Company or any clients thereof or their affairs. \"Intellectual Property\" means all intellectual and industrial property and all rights therein, including, without limiting the generality of the foregoing, all inventions (whether patentable or not, and whether or not patent protection has been applied for or granted), improvements, developments, discoveries, proprietary information, trademarks, trademark applications, trade names, websites, Internet domain names, logos, slogans, know-how, trade secrets, processes, designs (whether or not registerable and whether or not design rights subsist in them), works in which copyright may subsist (including computer software and preparatory and design materials therefor). \"Month\" means a calendar month. \"Working Day\" means any day excluding Saturdays, Sundays, and statutory holidays. \"Customer(s)\"/\"Clients\" shall mean any individual, corporation, partnership, business, or other entity, whether for-profit or not-for-profit, whose existence and business is known to the Employee as a result of the Employee's access to the Company's business information, Confidential Information, customer lists, customer account information or any other source of information the Employee has access to during its employment. TERM This is a Fixed-Term Agreement. This Agreement will commence on [SPECIFY DATE] and will end on [SPECIFY DATE]. FIXED-TERM APPOINTMENT The Company hereby offers appointment to the Employee for a Fixed Term to serve the Company in the capacity of [CAPACITY OF EMPLOYEE], with effect from [SPECIFY DATE] (the \"Effective Date\") until [SPECIFY DATE]. The Company may conduct a background and a medical check on the Employee, who hereby agrees and assents to the aforesaid offer being made subject to the satisfactory completion of the same. The Employee shall perform their duties at [SPECIFY ADDRESS]. The Employee warrants that, by entering into this Agreement and performing obligations hereunder, the Employee will not be in breach of any terms or obligations under any subsisting agreement, written or oral, with any third party. Notice Period. The Employee will be required to give [NUMBER OF MONTHS] months' notice or salary thereof in case the Employee decides to leave the Company's services. In the event of the Employee having any incomplete assignment, the Company will have the discretion to relieve the Employee only at the end of the [NUMBER OF MONTHS] months' notice period. Similarly, the Company can terminate the Employee's services by giving the Employee [NUMBER OF MONTHS] months' notice or salary thereof. The Company may terminate the Employee's services immediately on disciplinary grounds. Standard Office Hours. The Company's core hours of operation are from [OFFICE HOURS]. DUTIES AND POWERS The Employee's job description and general responsibilities shall be as set forth in \"Annexure A\" and shall include such further duties and responsibilities as the Company may delegate from time to time. The roles and duties of the Employee are not limited to the ones listed in Annexure A, and the same can be modified or altered as per the decision of the Company. The Employee shall perform all such duties as may be delegated by the Company and comply with all such directions as the Officers of the Company and/or his/her nominated deputies may from time to time assign or give to the Employee. The Employee shall, during the Term of this Agreement (unless prevented by ill health or accident or as otherwise agreed by the Company in writing), devote his time and attention and abilities to the employment with the Company and shall use best endeavours to promote and protect the Company's general interests and welfare. The Parties shall fulfill all their obligations by being compliant with the applicable laws. REMUNERATION The Employee shall be paid [SPECIFY MONTHLY SALARY] on a monthly basis. The said salary shall be paid on [DAY] day of each month to the Employee by the Company. The Employee's salary shall be paid through [MODE OF TRANSFER]. The Employee's salary and other benefits shall be subject to compulsory statutory and other deductions, including tax and other contributions that are to be held by the Employee in STATE/PROVINCE]. LEAVE AND HOLIDAYS The Employee shall be entitled to leave in a year as per the leave policy of the Company, which is annexed as Annexure B to the present Agreement. NON-DISCLOSURE, NON-SOLICITATION AND CONFIDENTIALITY As Confidential Information will from time to time become known to the Employee, the Company considers and the Employee agrees that the restraints set forth in this Agreement (on which the Employee has had the opportunity to take independent legal advice) are necessary for the reasonable protection by the Company of its business or the business of the Group, the clients thereof or their respective affairs. The Employee shall not at any time, either during the continuance of or after the termination of employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information which the Employee has or of which he may have become possessed during the Employee's employment with the Company, nor shall he supply the names or addresses of any clients, customers, vendors or agents of the Company to any person except as authorised by the Company or as ordered by a court of competent jurisdiction. The Employee consents to the Company holding and processing, both electronically and manually, the data it collects in the course of his employment, for the purpose of the Company's administration and management of its employees, its business, and to comply with applicable procedures, laws and regulations. The Employee agrees that he will not at any time during the continuance of employment or on expiry or on termination/cessation of employment with the Company or thereafter, issue any statements to the press (whether oral or written) which have not directly been authorised by the Company. The obligations under this clause shall survive the termination or expiration of this Agreement, and any disclosure of the Confidential Information by the Employee intentionally or unintentionally shall constitute a material breach of the present Agreement, thereby making the Employee liable for the legal action that may be taken by the Company in this regard.","Fixed Term Contract","9","https://templates.business-in-a-box.com/imgs/1000px/fixed-term-contract-D13225.png","https://templates.business-in-a-box.com/imgs/250px/13225.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13225.xml",{"title":157,"description":6},"fixed term contract",[159,160],{"label":23,"url":104},{"label":23,"url":104},"/template/fixed-term-contract-D13225",{"description":163,"descriptionCustom":6,"label":164,"pages":165,"size":92,"extension":10,"preview":166,"thumb":167,"svgFrame":168,"seoMetadata":169,"parents":171,"keywords":170,"url":176},"REMOTE WORK AGREEMENT This Remote Work Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF THE EMPLOYER], (the \"Employer\" or \"Company\"), a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF THE EMPLOYEE], (the \"Employee\"), an individual with their main address located at: [COMPLETE ADDRESS] Collectively, the Employer and the Employee shall be referred to as the \"Parties.\" WHEREAS, the Company has made an offer to the Employee to work remotely in the capacity of [JOB TITLE] at the Company; NOW THEREFORE in consideration and as a condition of the Parties entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: APPOINTMENT The Company hereby offers the Employee appointment, and the Employee agrees to serve the Company to work remotely in the capacity of [JOB TITLE] as of [DATE] (the \"Effective Date\"). PROBATION PERIOD The Employee will be on a Probation Period for a period of [MONTHS/DAYS]. The Employee's confirmation as a permanent employee is subject to the Employee making a positive contribution to the Company and is further subject to meeting certain standards and qualifying criteria during the Probation Period. PLACE OF WORK The Employee shall perform their duties at the location of their choice. The Employee will report to the [SPECIFY THE DESIGNATION] on a needs basis in the following manner: [SPECIFY THE MANNER OF COMMUNICATION]. REMOTE WORK While working remotely, the Employee will remain accessible during the remote work. The Employee will check in with the supervisor to discuss status and open issues and be available for video/teleconferences, scheduled on an as-needed basis. The Employee will take rest and meal breaks while working remotely in full compliance with all applicable policies or collective bargaining agreements, and request supervisor approval to use vacation or sick leave. To ensure that the Employee's performance will not suffer in a remote work arrangement, the Employee is advised to choose a quiet and distraction-free working space, have an internet connection that is adequate for their job and dedicate their full attention to their job duties during working hours. Equipment. The Company will provide the Employee with equipment that is essential to their job duties, like laptops and headsets. The Employee will install VPN and company-required software when the Employee receives their equipment. The Employee must keep their equipment password protected, follow all data encryption, protection standards and settings, and refrain from downloading suspicious, unauthorized or illegal software. NOTICE PERIOD During the Probation Period, if the Employee's performance is found to be unsatisfactory or if it does not meet the prescribed criteria, the Employee's employment can be terminated by the Company with [NUMBER OF DAYS] day's notice or salary thereof. The Employee will be required to give [NUMBER OF MONTHS] months' notice or salary thereof in case the Employee decides to leave the Company. DUTIES The Employee shall perform all such duties as may be delegated by the Company and comply with all such directions as the Managing Director and/or his/her nominated deputies may from time to time assign or give to the Employee. [SPECIFY DUTIES] WORKING HOURS The total working hours will be [SPECIFY HOURS] hours on Mondays to Saturdays. It is expected that the Employee will be flexible with the working hours and work such additional hours as might be necessary to efficiently perform duties under this Agreement. The Company reserves the right to change the working days and the working hours. The Employee shall be entitled to leave and holidays as per the Leave Policy of the Company. In the event the Employee is absent from work and unable to perform duties satisfactorily by reason of any injury, illness or other reason acceptable to the Company, the Employee will be entitled to receive salary and other benefits for up to [NUMBER OF DAYS] consecutive working days during any such absence, within a period of 12 consecutive months. REMUNERATION The Employee's starting total monthly gross salary and during the Probation Period will be as per details in the annexure, hereinafter known as Exhibit A. Any bonus is subject to review in accordance with the Company's practice and policies from time to time, however, there shall be no obligation on the Company to increase the salary or award bonuses at any point of time, save and except at its sole discretion. The Company shall pay or refund or procure to be paid or refunded all reasonable travelling and other similar out of pocket expenses necessarily and incurred by the Employee wholly in the proper performance of duties, subject to production by the Employee of such evidence of the expenses as the Company may reasonably require. The Employee will be required to fill in the claims forms in which the Employee shall provide the correct information of the expenses incurred. CONFIDENTIALITY AND INTELLECTUAL PROPERTY If at any time during the Employee's employment under this Agreement, the Employee participates in the making or discovery of any Intellectual Property directly or indirectly relating to or capable of being used by the Company, full details of the Intellectual Property shall immediately be disclosed in writing by the Employee to the Company and the Intellectual Property shall be the absolute property of the Company. At the request and expense of the Company, the Employee shall give and supply all such information, data, drawings, and assistance as may be necessary or in the opinion of the Company desirable to enable the Company to exploit the Intellectual Property to the best advantage as decided by the Company. The Employee shall execute all documents and do all things which may, in the opinion of the Company, be necessary or desirable for obtaining copyright, design or other protection for the Intellectual Property and for vesting the same in the Company, as the Company may direct. As Confidential Information will from time to time become known to the Employee, the Company considers and the Employee agrees that the restraints set forth in this Agreement are necessary for the reasonable protection by the Company of its business or the business of the Group, the clients thereof or their respective affairs. The Employee shall not at any time, either during the continuance of or after the termination of Employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information which the Employee has or of which he may have become possessed during employment with the Company nor shall he supply the names or addresses of any clients, customers, vendors or agents of the Company or any company of the Group to any person except as authorised by the Company or as ordered by a court of competent jurisdiction. The Employee consents to the Company holding and processing, both electronically and manually, the data it collects relating to the Employee in the course of employment, for the purpose of the Company's administration and management of its employees, its business and to comply with applicable procedures, laws and regulations. ","Remote Work Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/remote-work-agreement-D13282.png","https://templates.business-in-a-box.com/imgs/250px/13282.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13282.xml",{"title":170,"description":6},"remote work agreement",[172,173],{"label":17,"url":100},{"label":174,"url":175},"Company Policies","company-policies","/template/remote-work-agreement-D13282",false,{"seo":179,"reviewer":193,"legal_disclaimer":192,"quick_facts":197,"at_a_glance":199,"personas":203,"variants":227,"glossary":255,"clauses":289,"how_to_fill":340,"common_mistakes":376,"faqs":401,"industries":429,"comparisons":454,"diy_vs_lawyer":468,"jurisdictions":481,"related_template_ids_curated":502,"schema":508,"classification":509},{"meta_title":180,"meta_description":181,"primary_keyword":182,"secondary_keywords":183,"family":182,"is_canonical":192},"Executive Employment Agreement Template (Free Word)","Free executive employment agreement template for C-suite and VP-level hires. Covers compensation, equity, severance, change-of-control, and non-compete. Free Word and PDF download.","executive employment agreement template",[184,185,186,187,188,189,190,191],"executive employment contract template","ceo employment agreement template","executive employment agreement template word","executive employment agreement template free","c-suite employment contract","executive compensation agreement","executive severance agreement template","vp employment agreement template",true,{"name":194,"credential":195,"reviewed_date":196},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":198,"legal_review_recommended":192,"signature_required":192,"notarization_required":177},"advanced",{"what_it_is":200,"when_you_need_it":201,"whats_inside":202},"An Executive Employment Agreement is a legally binding contract between a company and a senior-level hire — CEO, CFO, COO, VP, or equivalent — that governs the full scope of the executive relationship. This free Word download covers base salary, annual bonus, equity grants, benefits, duties, IP assignment, confidentiality, non-compete, non-solicitation, termination triggers, severance, and change-of-control protections in a single document you can edit online and export as PDF.\n","Use it before a C-suite or VP-level executive's first day, when promoting an internal employee to a senior leadership role, or when an investor or board requires documented executive terms as a condition of closing a funding round.\n","Parties, title, and reporting structure; compensation including base salary, target bonus, and equity; benefits and expense reimbursement; IP assignment and confidentiality; non-compete and non-solicitation; termination for cause and without cause; severance and COBRA continuation; and change-of-control double-trigger provisions.\n",[204,208,212,216,219,223],{"title":205,"use_case":206,"icon_asset_id":207},"Startup founders and boards","Documenting CEO or CXO terms before a Series A close","persona-startup-founder",{"title":209,"use_case":210,"icon_asset_id":211},"HR directors and general counsel","Standardizing executive onboarding across C-suite and VP roles","persona-hr-manager",{"title":213,"use_case":214,"icon_asset_id":215},"Private equity portfolio companies","Formalizing management team agreements post-acquisition","persona-ceo",{"title":217,"use_case":218,"icon_asset_id":215},"Growth-stage CEOs","Hiring a CFO or COO to scale operations ahead of a funding event",{"title":220,"use_case":221,"icon_asset_id":222},"Corporate secretaries and legal teams","Replacing informal offer letters with board-approved executive contracts","persona-legal-team",{"title":224,"use_case":225,"icon_asset_id":226},"Executive recruiters","Providing a baseline agreement template to candidate and client during placement","persona-staffing-agency",[228,232,235,239,243,247,251],{"situation":229,"recommended_template":230,"slug":231},"Hiring a full-time salaried employee below VP level","Employment Agreement (At-Will)","employment-agreement_at-will-employee-D541",{"situation":233,"recommended_template":136,"slug":234},"Engaging a senior advisor or interim executive","independent-contractor-agreement-D160",{"situation":236,"recommended_template":237,"slug":238},"Hiring an executive for a defined project or fixed term","Fixed-Term Employment Contract","fixed-term-contract-D13225",{"situation":240,"recommended_template":241,"slug":242},"Documenting a separation from a departing executive","Executive Severance Agreement","severance-agreement-D525",{"situation":244,"recommended_template":245,"slug":246},"Protecting trade secrets after an executive departs","Non-Disclosure Agreement","non-disclosure-agreement-nda-D12692",{"situation":248,"recommended_template":249,"slug":250},"Hiring a remote executive based in a different country","Remote Work Employment Agreement","remote-work-agreement-D13282",{"situation":252,"recommended_template":253,"slug":254},"Compensating an executive with equity in addition to salary","Stock Option Agreement","employee-stock-option-agreement-D12613",[256,259,262,265,268,271,274,277,280,283,286],{"term":257,"definition":258},"Good Reason","A contractually defined set of events — such as a material reduction in pay, a demotion, or a forced relocation — that entitle the executive to resign and still claim severance.",{"term":260,"definition":261},"Cause","Specific documented grounds — fraud, gross negligence, willful misconduct, or material breach — that justify immediate termination without severance or notice.",{"term":263,"definition":264},"Change of Control","A transaction in which a company is acquired, merged, or sees a majority ownership transfer, triggering special protections or accelerated vesting for the executive.",{"term":266,"definition":267},"Double Trigger","An equity acceleration mechanism requiring two events — a change of control and a subsequent termination or material role change — before unvested shares accelerate.",{"term":269,"definition":270},"Single Trigger","An equity acceleration mechanism that vests unvested shares automatically upon a change of control alone, regardless of whether the executive's role changes.",{"term":272,"definition":273},"Golden Parachute","Enhanced severance, accelerated equity, and other benefits paid to a senior executive upon termination following a change of control.",{"term":275,"definition":276},"Clawback Provision","A contractual right allowing the company to recover previously paid bonuses or equity if the executive is found to have committed fraud, restated financials, or violated key obligations.",{"term":278,"definition":279},"Garden Leave","A notice period during which the executive is paid their full salary but prohibited from attending the workplace or contacting clients, protecting the company's confidential relationships.",{"term":281,"definition":282},"280G Excise Tax","A US tax penalty under IRC Section 280G that applies to 'excess parachute payments' exceeding three times an executive's average annual compensation, creating a 20% excise tax on the excess.",{"term":284,"definition":285},"Section 409A","A US tax code provision governing deferred compensation arrangements; non-compliant severance or bonus timing can trigger a 20% penalty tax plus interest on the executive.",{"term":287,"definition":288},"D&O Indemnification","A contractual obligation by the company to defend and indemnify the executive against personal liability for acts taken in good faith in their capacity as an officer or director.",[290,295,300,305,310,315,320,325,330,335],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Parties, title, and reporting structure","Identifies the company and executive as legal parties, states the precise title, defines the executive's organizational reporting line, and specifies whether the role includes a board seat.","This Executive Employment Agreement ('Agreement') is entered into as of [DATE] between [COMPANY LEGAL NAME], a [STATE] [ENTITY TYPE] ('Company'), and [EXECUTIVE FULL NAME] ('Executive'). Executive shall serve as [TITLE] and shall report directly to [REPORTING PARTY — Board of Directors / CEO / other].","Using a trade name rather than the registered legal entity. If the contracting party does not match the employer of record on payroll, IP assignment and restrictive covenants may be unenforceable against the correct entity.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Compensation: base salary, bonus, and equity","Sets the annual base salary, payment frequency, target annual bonus as a percentage of base, and references any equity grant governed by a separate option or RSU agreement.","Company shall pay Executive a base salary of $[AMOUNT] per year, payable in accordance with the Company's standard payroll schedule. Executive is eligible for an annual target bonus of [X]% of base salary, subject to achievement of performance objectives established by the Board. Equity compensation, if any, is governed by the Company's [EQUITY PLAN NAME] and a separate award agreement.","Omitting the word 'target' or 'discretionary' from bonus language. Courts in multiple jurisdictions have found that a consistently paid bonus becomes a contractual entitlement, triggering severance calculations based on total cash compensation rather than base salary alone.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Benefits, perquisites, and expense reimbursement","Entitles the executive to company benefit programs (health, dental, vision, 401(k)), identifies any executive-specific perquisites such as a car allowance or club membership, and states the expense reimbursement policy.","Executive shall be entitled to participate in the Company's benefit programs as in effect from time to time. Executive shall receive an annual [PERQUISITE — car allowance / housing allowance / other] of $[AMOUNT]. Business expenses reasonably incurred shall be reimbursed within [30] days of submission of receipts in accordance with the Company's expense policy.","Specifying plan-level benefit details inside the agreement. Benefits plans change annually; locking in specific coverage levels creates amendment obligations or breach exposure when plans are modified.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Intellectual property assignment","Transfers ownership of all work product, inventions, algorithms, data, and IP created by the executive in connection with the company's business to the company, including work performed on personal devices or outside business hours.","Executive agrees that all inventions, developments, improvements, and work product created by Executive in connection with Executive's employment, or relating to the Company's actual or anticipated business, are the exclusive property of the Company and are hereby irrevocably assigned to the Company. Executive shall execute any documents reasonably required to perfect such assignment.","No carve-out for pre-existing inventions. Without a Schedule of Prior Inventions attached at signing, the company's assignment clause may inadvertently sweep in IP the executive developed before joining, creating disputes and potential litigation.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Confidentiality and trade secret protection","Prohibits the executive from disclosing or misusing the company's confidential information — including financials, product roadmaps, customer data, and strategic plans — during employment and after departure.","Executive shall not, during or after employment, use or disclose any Confidential Information without prior written consent of the Company. 'Confidential Information' means non-public information relating to the Company's business, technology, customers, suppliers, finances, or strategies, whether in written, electronic, or oral form.","Relying on a blanket 'everything is confidential' definition without enumerated categories. Courts apply a reasonableness standard — an overbroad or undefined definition can undermine enforceability of the entire clause and make trade-secret claims harder to pursue.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Non-compete and non-solicitation","Restricts the executive from joining competitors, founding competing ventures, or soliciting the company's customers and employees for a defined period and geographic scope following departure.","For [12–24] months following separation, Executive shall not (a) directly or indirectly engage in a Competing Business within [GEOGRAPHIC SCOPE], (b) solicit or accept business from any Company customer with whom Executive had material contact during the prior [24] months, or (c) solicit, recruit, or hire any Company employee.","Applying the same non-compete duration and geography to all executive roles regardless of seniority or customer access. Courts calibrate enforceability against the executive's actual competitive exposure — an overbroad clause risks being struck down entirely in jurisdictions that apply a blue-pencil rule.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Termination: for cause, without cause, and for good reason","Defines the circumstances under which employment ends — immediate termination for cause with no severance, termination without cause with severance, and voluntary resignation for good reason (which triggers severance).","Company may terminate Executive's employment for Cause immediately without notice or severance. Company may terminate without Cause upon [30] days' written notice. Executive may resign for Good Reason upon [30] days' written notice if a Good Reason condition exists and remains uncured for [30] days after Executive's written notice to the Board.","Defining 'Good Reason' too narrowly, excluding events like a material reduction in duties or failure to maintain D&O insurance coverage. An executive who cannot invoke Good Reason after a genuine role diminution may be constructively dismissed — but without severance entitlement — creating litigation risk.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Severance and COBRA continuation","States the cash severance formula payable upon qualifying termination (without cause or for good reason), the continuation of health benefits under COBRA, and conditions precedent — typically execution of a release of claims.","Upon a Qualifying Termination, Executive shall receive: (a) [X] months of base salary as severance, payable in accordance with normal payroll; (b) a pro-rated target bonus for the year of termination; and (c) Company-paid COBRA premiums for [X] months, subject to Executive's execution of a general release of claims within [21/45] days of separation.","Conditioning severance on a release signed after the severance payment has already begun. For releases to be enforceable under the ADEA (for executives over 40 in the US), the 21- or 45-day review period must run before the release is effective — severance should not begin until after the revocation period expires.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Change-of-control protections","Defines what constitutes a change of control, sets any enhanced severance multiplier triggered by a qualifying termination following a change of control, and specifies the equity acceleration mechanism (single or double trigger).","Upon a Change of Control followed within [24] months by a Qualifying Termination ('Double Trigger'), Executive shall receive: (a) [2×] annual base salary and target bonus; (b) [100]% acceleration of unvested equity awards; and (c) COBRA continuation for [18] months. Any payments constituting excess parachute payments under IRC §280G shall be reduced to the safe harbor amount unless a gross-up is separately agreed.","Agreeing to a single-trigger acceleration for all unvested equity without modeling the 280G excise tax impact. Single-trigger arrangements can push total change-of-control payments above the 3× safe harbor threshold, triggering the 20% excise tax on the executive and loss of deductibility for the company.",{"name":336,"plain_english":337,"sample_language":338,"common_mistake":339},"Governing law, dispute resolution, and D&O indemnification","Specifies which jurisdiction's law governs the agreement, the mechanism for resolving disputes (arbitration or litigation), and the company's obligation to indemnify and insure the executive for good-faith acts taken in their officer capacity.","This Agreement is governed by the laws of [STATE]. Disputes shall be resolved by binding arbitration before [AAA/JAMS] in [CITY], except claims for equitable relief. Company shall indemnify Executive to the fullest extent permitted by law and shall maintain D&O liability insurance covering Executive in an amount no less than $[AMOUNT] during and for [6] years after employment.","Omitting D&O indemnification entirely or limiting it to the statutory minimum. Without a contractual indemnification commitment and a defined insurance floor, an executive accepting a board seat or officer role assumes personal litigation exposure that may deter the hire or trigger renegotiation at closing.",[341,346,351,356,361,366,371],{"step":342,"title":343,"description":344,"tip":345},1,"Confirm the legal entity and executive's details","Enter the company's full registered legal name — verified against your corporate registry filing — and the executive's legal name as it appears on government-issued ID. State the precise title and the reporting party (board, CEO, or committee).","Cross-reference the employer of record on payroll against the contracting entity. Mismatches between the two are among the most common sources of enforcement gaps in executive agreements.",{"step":347,"title":348,"description":349,"tip":350},2,"Set compensation with explicit bonus and equity language","Enter the base salary, payment frequency, and target annual bonus percentage. Mark the bonus as 'target' and tie it to board-approved performance objectives. Reference equity by plan name and grant date — do not embed vesting schedules in the body of the agreement.","Attach a copy of the equity award agreement as Exhibit A and cross-reference it. Contradictions between the employment agreement and the option agreement are common and create disputes at termination.",{"step":352,"title":353,"description":354,"tip":355},3,"Define Good Reason with at least four enumerated triggers","Draft Good Reason to include: (1) a material reduction in base salary or target bonus; (2) a material reduction in title or duties; (3) a relocation of more than 50 miles; and (4) a material breach of the agreement by the company. Include a 30-day cure period after written notice.","Failure to maintain D&O insurance at the agreed level is often overlooked as a Good Reason trigger — include it explicitly for executives joining the board.",{"step":357,"title":358,"description":359,"tip":360},4,"Calibrate non-compete scope to the executive's actual exposure","Set geographic scope to the markets the executive will directly manage, and duration to 12–18 months for most C-suite roles. Executives with direct customer relationships may warrant 24-month non-solicitation provisions.","If the executive will work or be based in California, Minnesota, or the UK, remove or substantially limit the non-compete — post-employment restrictions are unenforceable or heavily restricted in those jurisdictions.",{"step":362,"title":363,"description":364,"tip":365},5,"Set severance terms and run a 280G analysis","Enter the severance multiple (typically 1–2× for standard termination, 1.5–3× for change-of-control termination), COBRA continuation period, and pro-rated bonus entitlement. Model the total change-of-control payment against the IRC §280G safe harbor (3× average annual compensation) before finalizing.","A 280G analysis costs $500–$2,000 from a compensation attorney or tax advisor and is required for any hire where total change-of-control compensation could exceed $1M.",{"step":367,"title":368,"description":369,"tip":370},6,"Choose single or double trigger for equity acceleration","Double trigger — requiring both a change of control and a qualifying termination — is standard for most venture-backed and public companies. Single trigger is reserved for founders or executives in roles likely to be eliminated immediately post-acquisition.","Institutional investors and acquirers frequently push back on single-trigger arrangements during diligence. Default to double trigger and negotiate single trigger only for roles where continuity post-acquisition is implausible.",{"step":372,"title":373,"description":374,"tip":375},7,"Execute before the executive's first day with board authorization","Obtain board or compensation committee approval of the agreement before execution. Both parties must sign before the executive's first day — post-start-date execution without fresh consideration can void restrictive covenants in common-law jurisdictions.","Use a board consent resolution to formally approve the agreement and attach it to the board minutes. Investors conducting diligence will request evidence of board authorization for all executive compensation.",[377,381,385,389,393,397],{"mistake":378,"why_it_matters":379,"fix":380},"Signing the agreement after the executive's start date","In common-law jurisdictions, an executive already employed has given no new consideration for post-start restrictions. IP assignment, non-compete, and confidentiality clauses signed without fresh consideration are routinely voided by courts.","Execute the agreement on or before day one. If circumstances require a later signature, provide documented additional compensation — a signing bonus, equity top-up, or enhanced severance — as consideration at the time of signing.",{"mistake":382,"why_it_matters":383,"fix":384},"Omitting a schedule of prior inventions","An IP assignment clause without a prior-inventions carve-out may sweep in technology or IP the executive owned before joining, creating immediate ownership disputes and exposure to claims from the executive's prior employers.","Attach a Schedule of Prior Inventions as an exhibit at signing. Even a completed 'none' schedule provides clarity and forecloses future disputes about pre-existing work.",{"mistake":386,"why_it_matters":387,"fix":388},"Conditioning severance on a release signed before the revocation period expires","Under the US Age Discrimination in Employment Act, executives over 40 must receive 21 days to consider a release (45 days for group separations) and 7 days to revoke it. Severance that begins before the revocation period expires can render the entire release unenforceable.","Structure severance to begin no earlier than the day after the 7-day revocation period expires. Include the required ADEA disclosure language in the release exhibit.",{"mistake":390,"why_it_matters":391,"fix":392},"No 280G safe harbor analysis for change-of-control payments","Total change-of-control payments — salary, bonus, accelerated equity, COBRA, and perks — that exceed 3× the executive's average W-2 compensation trigger a 20% excise tax on the executive and eliminate the company's deduction on the excess amount.","Commission a 280G analysis before finalizing change-of-control terms. Structure payments to stay below the safe harbor or include a 'best-net' or gross-up provision with full knowledge of the cost.",{"mistake":394,"why_it_matters":395,"fix":396},"Using the same non-compete for all jurisdictions","A non-compete that is enforceable in New York or Texas is void in California, Minnesota, and the UK. Applying a uniform restriction without jurisdiction-specific tailoring exposes the company to invalidation of the entire clause in the executive's work location.","Include jurisdiction-specific addenda or conditional language that limits the non-compete to jurisdictions where post-employment restrictions are enforceable, and removes it where they are not.",{"mistake":398,"why_it_matters":399,"fix":400},"No board authorization documented for the agreement","Investor diligence at Series A and beyond routinely uncovers executive agreements not approved by the board. Unauthorized agreements can be challenged as void and create governance issues that delay or derail a financing.","Pass a board consent resolution or include the agreement approval in board meeting minutes before execution. File the signed agreement and the authorization record together.",[402,405,408,411,414,417,420,423,426],{"question":403,"answer":404},"What is an executive employment agreement?","An executive employment agreement is a legally binding contract between a company and a senior leader — typically C-suite or VP level — that documents the full terms of the executive relationship. It covers compensation, equity, benefits, IP assignment, confidentiality, non-compete and non-solicitation restrictions, termination triggers, severance, and change-of-control protections. Unlike a standard employment contract or offer letter, it addresses the equity-level complexity and negotiated protections that senior hires require.\n",{"question":406,"answer":407},"What makes an executive employment agreement different from a standard employment contract?","A standard employment contract covers the basics — title, salary, benefits, IP, confidentiality, and termination — for most employee levels. An executive agreement adds equity award terms, bonus plan mechanics, good-reason resignation triggers, enhanced severance formulas, change-of-control double-trigger provisions, D&O indemnification, and 280G analysis obligations. The stakes and negotiated complexity are substantially higher at the executive level, and the document reflects that.\n",{"question":409,"answer":410},"Does an executive employment agreement need board approval?","Yes, in virtually all jurisdictions and entity types. For corporations, executive compensation is a board function — typically delegated to a compensation committee in larger organizations. An executive agreement not formally approved by the board can be challenged as unauthorized and may be unenforceable. Investor diligence at funding rounds and M&A transactions routinely surfaces unauthorized agreements as a material issue. Pass a board consent before execution.\n",{"question":412,"answer":413},"What severance is standard for a C-suite executive?","For a qualifying termination without cause or for good reason, 12–18 months of base salary is standard for most C-suite roles at growth-stage companies, with a 1.5× to 2× multiplier common at larger or public companies. Change-of-control severance typically runs 1.5–3× total cash compensation (base plus target bonus). COBRA continuation of 12–18 months and a pro-rated target bonus for the year of termination are also standard. All payments should be contingent on execution of a release of claims.\n",{"question":415,"answer":416},"What is a double-trigger equity acceleration provision?","A double-trigger provision accelerates unvested equity only when two events both occur: a change of control (the first trigger) and a qualifying termination — typically without cause or for good reason — within a defined window after the change of control (the second trigger). This is the standard structure preferred by institutional investors and most acquirers because it preserves the executive's incentive to stay through a transaction without giving a windfall to executives whose roles survive the deal unchanged.\n",{"question":418,"answer":419},"Are non-compete clauses enforceable in an executive employment agreement?","Enforceability depends entirely on the jurisdiction where the executive works and the scope of the restriction. California, Minnesota, and North Dakota ban most post-employment non-competes regardless of seniority. In most other US states, UK, Canada, and the EU, non-competes for executives are enforceable if they are reasonable in duration (typically 12–18 months), geographic scope, and competitive breadth. Overbroad restrictions are struck down entirely in some jurisdictions rather than narrowed. Always tailor the clause to the executive's actual competitive exposure and the applicable jurisdiction.\n",{"question":421,"answer":422},"What is IRC Section 280G and why does it matter for executive agreements?","Section 280G of the US tax code imposes a 20% excise tax on executive 'excess parachute payments' — change-of-control compensation exceeding three times the executive's average annual W-2 compensation — and eliminates the company's deduction on the excess. For executives with total change-of-control compensation potentially above $1M, a 280G analysis before finalizing the agreement is essential. The agreement should include a 'best-net' provision or, in limited cases, a gross-up clause, with full modeling of the tax cost.\n",{"question":424,"answer":425},"What is Good Reason in an executive employment agreement?","Good Reason is a contractually defined set of events — typically a material reduction in salary, a significant demotion, a forced relocation of more than 50 miles, or a material breach by the company — that entitle the executive to resign and still receive severance as if terminated without cause. Without a Good Reason provision, an executive whose role is materially changed after a change of control or board shake-up must either stay in a diminished role or resign and forfeit severance.\n",{"question":427,"answer":428},"Do I need a lawyer to draft an executive employment agreement?","For most senior executive hires — CEO, CFO, COO, or VP with equity and meaningful severance — legal review is strongly recommended. A compensation or employment attorney typically charges $1,500–$5,000 to review or customize an executive agreement, covering 280G analysis, jurisdiction-specific non-compete tailoring, and equity award coordination. Using a high-quality template significantly reduces that cost by eliminating structural drafting time and letting counsel focus on negotiated terms.\n",[430,434,438,442,446,450],{"industry":431,"icon_asset_id":432,"specifics":433},"Technology / SaaS","industry-saas","Equity award coordination with option or RSU plans, accelerated vesting on acquisition, clawback provisions tied to restatement events, and IP assignment covering algorithms, training data, and source code.",{"industry":435,"icon_asset_id":436,"specifics":437},"Financial Services","industry-fintech","Regulatory licensing and registration conditions, deferred compensation structured for Section 409A compliance, clawback provisions aligned with Dodd-Frank requirements, and enhanced confidentiality covering trading data and client portfolios.",{"industry":439,"icon_asset_id":440,"specifics":441},"Healthcare and Life Sciences","industry-healthtech","Credentialing and licensure conditions precedent, HIPAA confidentiality obligations incorporated by reference, IP assignment covering clinical research and drug formulations, and compliance with Stark Law and Anti-Kickback safe harbors.",{"industry":443,"icon_asset_id":444,"specifics":445},"Private Equity Portfolio Companies","industry-private-equity","Management equity rollover mechanics, ratchet provisions tied to IRR thresholds, drag-along acknowledgment, and enhanced change-of-control severance calibrated to expected hold-period exit timelines.",{"industry":447,"icon_asset_id":448,"specifics":449},"Manufacturing and Industrial","industry-manufacturing","Trade secret protection for process IP and supplier relationships, non-solicitation covering key customer accounts, and severance structures compliant with WARN Act notice obligations for executives overseeing workforce reductions.",{"industry":451,"icon_asset_id":452,"specifics":453},"Nonprofit and Mission-Driven Organizations","industry-nonprofit","IRS intermediate sanctions compliance for reasonable compensation documentation, public disclosure obligations under Form 990, and severance caps aligned with the organization's tax-exempt status requirements.",[455,458,462,464],{"vs":456,"vs_template_id":231,"summary":457},"Standard Employment Contract","A standard employment contract covers title, salary, benefits, IP, confidentiality, and termination for most employee levels. An executive agreement adds equity award coordination, good-reason resignation triggers, enhanced severance formulas, change-of-control protections, D&O indemnification, and 280G provisions. Use the standard contract for hires below VP level; use this agreement whenever equity compensation and negotiated severance are in play.",{"vs":459,"vs_template_id":460,"summary":461},"Offer Letter","job-offer-letter-long-D12769","An offer letter confirms role and compensation to secure acceptance but is not a comprehensive legal document. It typically lacks IP assignment, Good Reason definitions, severance formulas, change-of-control provisions, and D&O indemnification. Relying on an offer letter for a C-suite hire leaves the company without enforceable executive obligations and the executive without documented protections — creating disputes in every termination scenario.",{"vs":136,"vs_template_id":234,"summary":463},"An independent contractor agreement engages a self-employed individual for project-based work with no employment entitlements — no benefits, no equity, no severance, and no tax withholding. Engaging a de facto executive as a contractor triggers misclassification liability, back taxes, and benefit entitlement claims. Use this executive agreement whenever the engagement involves behavioral control, regular hours, and integration into company operations.",{"vs":465,"vs_template_id":466,"summary":467},"Separation and Severance Agreement","D{EXECUTIVE_SEPARATION_ID}","A separation agreement is executed at the end of the employment relationship to document severance payments and obtain a release of claims. An executive employment agreement is executed at the beginning and governs the entire relationship including the severance terms that flow into the eventual separation agreement. Both are needed — the employment agreement defines what is owed; the separation agreement documents its payment and closes the legal relationship.",{"use_template":469,"template_plus_review":473,"custom_drafted":477},{"best_for":470,"cost":471,"time":472},"Early-stage startups documenting first executive hires below the $200K total compensation threshold with straightforward equity","Free","45–90 minutes",{"best_for":474,"cost":475,"time":476},"C-suite hires with equity, change-of-control exposure, or cross-border work locations where non-compete enforceability must be validated","$1,500–$3,500","3–7 days",{"best_for":478,"cost":479,"time":480},"Public company officers, PE-backed portfolio executives with equity rollover, or hires with total compensation above $1M requiring 280G analysis","$3,500–$10,000+","1–3 weeks",[482,487,492,497],{"code":483,"name":484,"flag_asset_id":485,"note":486},"us","United States","flag-us","At-will employment is the default in 49 states, but executive agreements typically override at-will status with contractual notice and severance terms. Non-compete enforceability varies sharply by state — California, Minnesota, and North Dakota effectively ban post-employment restrictions for all employees regardless of seniority. Section 280G excise tax and Section 409A deferred compensation rules apply to any US executive with change-of-control or severance arrangements and require specific compliance drafting. ADEA requires 21-day consideration and 7-day revocation periods for releases signed by executives over 40.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"ca","Canada","flag-ca","At-will employment does not exist in Canada — all executive agreements require notice-period clauses that meet or exceed provincial Employment Standards Act minimums. Common-law reasonable notice for long-tenured senior executives can reach 24 months or more; a written agreement with a capped severance formula is the only reliable way to limit that exposure. Quebec requires employment agreements for provincially regulated employers to be provided in French. Non-competes for executives are enforceable in most provinces if reasonable in scope and duration, but must be negotiated at hire with explicit consideration.",{"code":493,"name":494,"flag_asset_id":495,"note":496},"uk","United Kingdom","flag-uk","Employers must provide a written statement of employment particulars on or before the executive's first day. Post-employment non-competes are enforceable only if the restriction is reasonable in duration, geography, and scope, and must typically be supported by garden leave of equivalent length to be effective. Change-of-control payments may trigger PILON (payment in lieu of notice) tax treatment and National Insurance obligations. IR35 rules must be considered when the executive is engaged through a personal service company.",{"code":498,"name":499,"flag_asset_id":500,"note":501},"eu","European Union","flag-eu","The EU Transparent and Predictable Working Conditions Directive requires written terms to be provided within 7 days of the start date. Post-employment non-competes generally require ongoing financial compensation to the executive — ranging from 25% to 100% of base salary depending on the member state — to be enforceable. France and Germany impose strict works-council consultation requirements for senior management changes. GDPR requires that any personal data referenced in the agreement (performance metrics, health benefit eligibility) be handled under a compliant data-processing framework.",[231,460,246,234,238,250,503,504,504,505,506,507],"employee-handbook-D712","employee-dismissal-letter-D508","general-non-compete-agreement-D882","agreement-for-chairman-of-board-of-directors-D852","stock-option-plan-D13284",{"emit_how_to":192,"emit_defined_term":192},{"primary_folder":104,"secondary_folder":510,"document_type":511,"industry":512,"business_stage":513,"tags":514,"confidence":519},"employment-and-contractors","agreement","general","all-stages",[515,516,517,518],"contract","hiring","executive-employment","compensation",0.95,"\u003Ch2>What is an Executive Employment Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Executive Employment Agreement\u003C/strong> is a legally binding contract between a company and a senior-level hire — CEO, CFO, COO, President, or VP — that governs every material dimension of the executive relationship. Unlike a standard employment contract, it addresses the additional complexity that senior hires bring: negotiated equity award terms, annual and long-term bonus structures, Good Reason resignation triggers, enhanced severance formulas, change-of-control double-trigger protections, D&O indemnification commitments, and IRC Section 280G compliance. A properly drafted executive agreement creates enforceable obligations on both sides, documents board-authorized compensation terms, and eliminates the ambiguity that courts and regulators otherwise fill with jurisdiction-specific defaults.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a written executive employment agreement, a company and its board carry compounding legal exposure on multiple fronts simultaneously. A departing executive with no documented severance formula may pursue common-law damages reaching 18–24 months of total compensation in Canada and the UK. An IP assignment clause that was never executed leaves the company's most sensitive technology, product strategy, and customer data vulnerable to a founder or CTO dispute. A change-of-control transaction without documented double-trigger provisions creates governance risk during diligence and potential excise tax liability under Section 280G. Investor due diligence at Series A and later rounds routinely surfaces missing or unauthorized executive agreements as a material issue that delays closing. This template gives boards and HR teams a structured, investor-ready starting point — covering every material term — that can be reviewed and executed in days rather than weeks.\u003C/p>\n",1781186024506]