[{"data":1,"prerenderedAt":524},["ShallowReactive",2],{"document-employment-agreement-executive2-D544":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":523},{"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 (WITH CAR ALLOWANCE) 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: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), 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 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.",null,"Employment Agreement Executive2","13",100,"doc","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive2-D544.png","https://templates.business-in-a-box.com/imgs/250px/544.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#544.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 executive2","Employment Agreement Executive2 Template","https://templates.business-in-a-box.com/imgs/400px/544.png","https://templates.business-in-a-box.com/imgs/600px/544.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/",[40,44,48,52,56,60,64,68,72,76,80,84,88,104,120,135,148,163],{"label":41,"url":42,"thumb":43,"extension":10},"Employment Agreement","/template/employment-agreement-D12539","https://templates.business-in-a-box.com/imgs/250px/12539.png",{"label":45,"url":46,"thumb":47,"extension":10},"Employment Agreement Executive","/template/employment-agreement-executive-D543","https://templates.business-in-a-box.com/imgs/250px/543.png",{"label":49,"url":50,"thumb":51,"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":53,"url":54,"thumb":55,"extension":10},"Employment Agreement Key Employee","/template/employment-agreement-key-employee-D546","https://templates.business-in-a-box.com/imgs/250px/546.png",{"label":57,"url":58,"thumb":59,"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":61,"url":62,"thumb":63,"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":65,"url":66,"thumb":67,"extension":10},"Employment Agency Agreement","/template/employment-agency-agreement-D157","https://templates.business-in-a-box.com/imgs/250px/157.png",{"label":69,"url":70,"thumb":71,"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":73,"url":74,"thumb":75,"extension":10},"Temporary Employment Contract","/template/temporary-employment-contract-D12734","https://templates.business-in-a-box.com/imgs/250px/12734.png",{"label":77,"url":78,"thumb":79,"extension":10},"Employment Relations Policy","/template/employment-relations-policy-D13442","https://templates.business-in-a-box.com/imgs/250px/13442.png",{"label":81,"url":82,"thumb":83,"extension":10},"Outside Employment Policy","/template/outside-employment-policy-D13429","https://templates.business-in-a-box.com/imgs/250px/13429.png",{"label":85,"url":86,"thumb":87,"extension":10},"Employment Agreement_At Will Employee","/template/employment-agreement_at-will-employee-D541","https://templates.business-in-a-box.com/imgs/250px/541.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":103},"[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",513,"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":97,"description":6},"job offer letter long",[99,101],{"label":17,"url":100},"human-resources",{"label":20,"url":102},"hire-employee","/template/job-offer-letter-long-D12769",{"description":105,"descriptionCustom":6,"label":106,"pages":107,"size":92,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":113,"keywords":112,"url":119},"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":112,"description":6},"non disclosure agreement nda",[114,116],{"label":23,"url":115},"business-legal-agreements",{"label":117,"url":118},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":121,"descriptionCustom":6,"label":122,"pages":123,"size":124,"extension":10,"preview":125,"thumb":126,"svgFrame":127,"seoMetadata":128,"parents":129,"keywords":133,"url":134},"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},[130],{"label":131,"url":132},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":136,"descriptionCustom":6,"label":137,"pages":138,"size":92,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":144,"keywords":143,"url":147},"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":143,"description":6},"fixed term contract",[145,146],{"label":23,"url":115},{"label":23,"url":115},"/template/fixed-term-contract-D13225",{"description":149,"descriptionCustom":6,"label":150,"pages":151,"size":92,"extension":10,"preview":152,"thumb":153,"svgFrame":154,"seoMetadata":155,"parents":157,"keywords":156,"url":162},"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":156,"description":6},"remote work agreement",[158,159],{"label":17,"url":100},{"label":160,"url":161},"Company Policies","company-policies","/template/remote-work-agreement-D13282",{"description":164,"descriptionCustom":6,"label":165,"pages":166,"size":167,"extension":10,"preview":168,"thumb":169,"svgFrame":170,"seoMetadata":171,"parents":172,"keywords":175,"url":176},"Employee Handbook Understanding employment at [YOUR COMPANY NAME] Revised on [DATE] Prepared By: [YOUR NAME] [YOUR JOB TITLE] Phone 555.555.5555 Email info@yourbusiness.com www.yourbusiness.com Table of Content Table of Content 2 Welcome to [YOUR COMPANY NAME]! 5 1. Organization Description 6 1.1 Introductory Statement 6 1.2 Customer Relations 6 1.3 Products and Services Provided 7 1.4 Facilities and Location(s) 7 1.5 The History of [YOUR COMPANY NAME] 7 1.6 Management Philosophy 7 1.7 Goals 8 2. The Employment 9 2.1 Nature of Employment 9 2.2 Employee Relations 9 2.3 Equal Employment Opportunity 10 2.4 Diversity 10 2.5 Business Ethics and Conduct 12 2.6 Personal Relationships in the Workplace 13 2.7 Conflicts of Interest 13 2.8 Outside Employment 14 2.9 Non-Disclosure 15 2.10 Disability Accommodation 16 2.11 Job Posting and Employee Referrals 17 2.12 Whistleblower Policy 18 2.13 Accident and First Aid 20 3. Employment Status and Records 21 3.1 Employment Categories 21 3.2 Access to Personnel Files 22 3.3 Personnel Data Changes 23 3.4 Probation Period 23 3.5 Employment Applications 24 3.6 Performance Evaluation 24 3.7 Job Descriptions 25 3.8 Salary Administration 25 3.9 Professional Development 26 4. Employee Benefit Programs 27 4.1 Employee Benefits 27 4.2 Vacation Benefits 27 4.3 Military Service Leave 29 4.4 Religious Observance 29 4.5 Holidays 29 4.6 Workers Insurance 30 4.7 Sick Leave Benefits 31 4.8 Bereavement Leave 32 4.9 Relocation Benefits 33 4.10 Educational Assistance 33 4.11 Health Insurance 34 4.12 Life Insurance 35 4.13 Long Term Disability 35 4.14 Marriage, Maternity and Parental Leave 36 5. Timekeeping / Payroll 40 5.1 Timekeeping 40 5.2 Paydays 40 5.3 Employment Termination 41 5.4 Administrative Pay Corrections 42 6. Work Conditions and Hours 43 6.1 Work Schedules 43 6.2 Absences 43 6.3 Jury Duty 45 6.4 Use of Phone and Mail Systems 45 6.5 Smoking 46 6.6 Meal Periods 46 6.7 Overtime 46 6.8 Use of Equipment 47 6.9 Telecommuting 47 6.10 Emergency Closing 48 6.11 Business Travel Expenses 49 6.12 Visitors in the Workplace 51 6.13 Computer and Email Usage 51 6.14 Internet Usage 52 6.15 Workplace Monitoring 54 6.16 Workplace Violence Prevention 55 7. Employee Conduct & Disciplinary Action 57 7.1 Employee Conduct and Work Rules 57 7.2 Sexual and Other Unlawful Harassment 58 7.3 Attendance and Punctuality 60 7.4 Personal Appearance 60 7.5 Return of Property 61 7.6 Resignation and Retirement 61 7.7 Security Inspections 62 7.8 Progressive Discipline 62 7.9 Problem Resolution 64 7.10 Workplace Etiquette 65 7.11 Suggestion Program 67 Acknowledgement of Receipt 68 Welcome to [YOUR COMPANY NAME]! On behalf of your colleagues, we welcome you to [YOUR COMPANY NAME] and wish you every success here. At [YOUR COMPANY NAME], we believe that each employee contributes directly to the growth and success of the company, and we hope you will take pride in being a member of our team. This handbook was developed to describe some of the expectations of our employees and to outline the policies, programs, and benefits available to eligible employees. Employees should become familiar with the contents of the employee handbook as soon as possible, for it will answer many questions about employment with [YOUR COMPANY NAME]. We believe that professional relationships are easier when all employees are aware of the culture and values of the organization. This guide will help you to better understand our vision for the future of our business and the challenges that are ahead. We hope that your experience here will be challenging, enjoyable, and rewarding. Again, welcome! [PRESIDENT NAME] President & CEO 1. Organization Description 1.1 Introductory Statement This handbook is designed to acquaint you with [YOUR COMPANY NAME] and provide you with information about working conditions, employee benefits, and some of the policies affecting your employment. You should read, understand, and comply with all provisions of the handbook. It describes many of your responsibilities as an employee and outlines the programs developed by [YOUR COMPANY NAME] to benefit employees. One of our objectives is to provide a work environment that is conducive to both personal and professional growth. No employee handbook can anticipate every circumstance or question about policy. As [YOUR COMPANY NAME] continues to grow, the need may arise and [YOUR COMPANY NAME] reserves the right to revise, supplement, or rescind any policies or portion of the handbook from time to time as it deems appropriate, in its sole and absolute discretion. Employees will be notified of such changes to the handbook as they occur. 1.2 Customer Relations Customers are among our organization's most valuable assets. Every employee represents [YOUR COMPANY NAME] to our customers and the public. The way we do our jobs presents an image of our entire organization. Customers judge all of us by how they are treated with each employee contact. Therefore, one of our first business priorities is to assist any customer or potential customer. Nothing is more important than being courteous, friendly, helpful, and prompt in the attention you give to customers. [YOUR COMPANY NAME] will provide customer relations and services training to all employees with extensive customer contact. Customers who wish to lodge specific comments or complaints should be directed to the [TITLE AND NAME OF THE PERSON RESPONSIBLE] for appropriate action. Our personal contact with the public, our manners on the telephone, and the communications we send to customers are a reflection not only of ourselves, but also of the professionalism of [YOUR COMPANY NAME]. Positive customer relations not only enhance the public's perception or image of [YOUR COMPANY NAME], but also pay off in greater customer loyalty and increased sales and profit. 1.3 Products and Services Provided You will find more information about our products and services by reading the [YOUR COMPANY NAME] Corporate Brochures. 1.4 Facilities and Location(s) Head Office: [ADDRESS] [CITY], [STATE] [ZIP/POSTAL CODE] [COUNTRY] 1.5 The History of [YOUR COMPANY NAME] [DESCRIBE THE HISTORY OF YOUR COMPANY HERE] 1.6 Management Philosophy [YOUR COMPANY NAME] management philosophy is based on responsibility and mutual respect. Our wishes are to maintain a work environment that fosters on personal and professional growth for all employees. Maintaining such an environment is the responsibility of every staff person. Because of their role, managers and supervisors have the additional responsibility to lead in a manner which fosters an environment of respect for each person. People who come to [YOUR COMPANY NAME] want to work here because we have created an environment that encourages creativity and achievement. [YOUR COMPANY NAME] aims to become a leader in [DESCRIBE YOUR COMPANY'S FIELD OF EXPERTISE]. The mainstay of our strategy will be to offer a level of client focus that is superior to that offered by our competitors. To help achieve this objective, [YOUR COMPANY NAME] seeks to attract highly motivated individuals that want to work as a team and share in the commitment, responsibility, risk taking, and discipline required to achieve our vision. Part of attracting these special individuals will be to build a culture that promotes both uniqueness and a bias for action. While we will be realistic in setting goals and expectations, [YOUR COMPANY NAME] will also be aggressive in reaching its objectives. This success will in turn enable [YOUR COMPANY NAME] to give its employees above average compensation and innovative benefits or rewards, key elements in helping us maintain our leadership position in the worldwide marketplace. 1.7 Goals [DESCRIBE YOUR COMPANY'S GOALS HERE] 2. The Employment 2","Employee Handbook","34",280,"https://templates.business-in-a-box.com/imgs/1000px/employee-handbook-D712.png","https://templates.business-in-a-box.com/imgs/250px/712.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#712.xml",{"title":6,"description":6},[173,174],{"label":17,"url":100},{"label":160,"url":161},"employee handbook","/template/employee-handbook-D712",false,{"seo":179,"reviewer":192,"quick_facts":196,"at_a_glance":199,"personas":203,"variants":228,"glossary":256,"clauses":290,"how_to_fill":341,"common_mistakes":382,"faqs":407,"industries":435,"comparisons":459,"diy_vs_lawyer":469,"jurisdictions":482,"related_template_ids_curated":503,"schema":510,"classification":511},{"meta_title":180,"meta_description":181,"primary_keyword":182,"secondary_keywords":183,"family":182,"is_canonical":177},"Executive Employment Agreement Template 2 (Free Word)","Free executive employment agreement template covering compensation, equity, severance, non-compete, and change-of-control provisions. Used in 190+ countries. Free Word and PDF download.","executive employment agreement template",[184,185,186,187,188,189,190,191],"executive employment contract template","executive employment agreement template word","executive employment agreement template free","ceo employment agreement template","senior executive employment contract","c-suite employment agreement","executive compensation agreement template","executive contract with severance",{"name":193,"credential":194,"reviewed_date":195},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":197,"legal_review_recommended":198,"signature_required":198},"advanced",true,{"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 C-suite or senior executive that governs every material term of the engagement: title and duties, base salary, annual bonus targets, equity grants, benefits, IP assignment, confidentiality, non-compete and non-solicitation restrictions, termination notice, severance, and change-of-control protections. This free Word download gives you a fully structured, board-ready starting point you can edit online and export as PDF for execution before the executive's first day.\n","Use it when hiring or promoting a CEO, COO, CFO, CTO, or any VP-level leader who will have access to sensitive competitive information, equity, and material severance entitlements. It is also appropriate when an existing senior employee is receiving a significant promotion or equity refresh that warrants a new governing document.\n","Parties, title, reporting structure, and start date; base salary, bonus structure, and equity grant terms; benefits, perquisites, and expense reimbursement; IP assignment, confidentiality, non-compete, and non-solicitation; termination for cause and without cause; enhanced severance; and change-of-control double-trigger acceleration provisions.\n",[204,208,212,216,220,224],{"title":205,"use_case":206,"icon_asset_id":207},"Boards of directors","Formalizing terms for an incoming CEO or CFO before the first board meeting","persona-board-director",{"title":209,"use_case":210,"icon_asset_id":211},"Startup founders","Establishing enforceable IP and non-compete terms when hiring a first executive","persona-startup-founder",{"title":213,"use_case":214,"icon_asset_id":215},"HR directors and general counsel","Standardizing executive offer documentation across C-suite and VP hires","persona-hr-manager",{"title":217,"use_case":218,"icon_asset_id":219},"Private equity and venture-backed companies","Aligning executive incentives with investor exit timelines and equity milestones","persona-investor",{"title":221,"use_case":222,"icon_asset_id":223},"Growth-stage CEOs","Replacing informal offer letters with binding agreements before a Series B raise","persona-ceo",{"title":225,"use_case":226,"icon_asset_id":227},"Incoming executives","Negotiating and documenting severance, equity acceleration, and non-compete scope","persona-operations-director",[229,233,237,240,244,248,252],{"situation":230,"recommended_template":231,"slug":232},"Hiring a standard full-time salaried employee below executive level","Employment Agreement (At-Will)","employment-agreement_at-will-employee-D541",{"situation":234,"recommended_template":235,"slug":236},"Engaging a senior executive for a defined project term","Fixed-Term Employment Contract","fixed-term-contract-D13225",{"situation":238,"recommended_template":122,"slug":239},"Engaging an independent C-suite advisor instead of a full employee","independent-contractor-agreement-D160",{"situation":241,"recommended_template":242,"slug":243},"Hiring a part-time or fractional executive","Part-Time Employment Contract","temporary-employment-contract-D12734",{"situation":245,"recommended_template":246,"slug":247},"Documenting a standard executive offer before the full agreement is drafted","Job Offer Letter","job-offer-letter-long-D12769",{"situation":249,"recommended_template":250,"slug":251},"Protecting IP and confidentiality without a full employment agreement","Non-Disclosure Agreement","non-disclosure-agreement-nda-D12692",{"situation":253,"recommended_template":254,"slug":255},"Onboarding a remote executive working from a different jurisdiction","Remote Work Employment Agreement","remote-work-agreement-D13282",[257,260,263,266,269,272,275,278,281,284,287],{"term":258,"definition":259},"Double-Trigger Acceleration","A vesting acceleration mechanism that requires two events to occur — typically a change of control plus an involuntary termination — before unvested equity accelerates.",{"term":261,"definition":262},"Single-Trigger Acceleration","Automatic vesting acceleration upon a change-of-control event alone, regardless of whether the executive is terminated.",{"term":264,"definition":265},"Change of Control","A defined event — such as a merger, acquisition, or sale of substantially all assets — that triggers specific contractual protections for the executive.",{"term":267,"definition":268},"Golden Parachute","Enhanced severance and benefits paid to senior executives upon termination following a change of control, typically 2–3× base salary plus bonus.",{"term":270,"definition":271},"Good Reason","A defined set of adverse changes to the executive's role — such as a material reduction in compensation, title, or responsibilities — that entitles the executive to resign and claim severance as if terminated without cause.",{"term":273,"definition":274},"Clawback Provision","A contractual right allowing the company to recover previously paid compensation if the executive engaged in misconduct or if financial results are later restated.",{"term":276,"definition":277},"Non-Compete Clause","A post-employment restriction preventing the executive from working for competitors or starting a competing business within a defined time period and geographic scope.",{"term":279,"definition":280},"Non-Solicitation Clause","A restriction preventing the departing executive from recruiting the company's employees or soliciting its customers for a defined period after separation.",{"term":282,"definition":283},"Constructive Dismissal","When an employer unilaterally makes working conditions so significantly worse — reducing pay, title, or authority — that the executive is effectively forced to resign, treated legally as a termination.",{"term":285,"definition":286},"Severance Multiplier","The factor applied to base salary and target bonus to calculate executive severance — commonly 1× to 3× depending on seniority and trigger event.",{"term":288,"definition":289},"Garden Leave","A notice period during which the executive is paid full compensation but required to remain away from the workplace, preventing access to clients, employees, or confidential information.",[291,296,301,306,311,316,321,326,331,336],{"name":292,"plain_english":293,"sample_language":294,"common_mistake":295},"Parties, title, and reporting structure","Identifies the company and the executive as legal parties, states the executive's exact title, which board or officer they report to, and the official start date.","This Executive Employment Agreement is entered into on [DATE] between [COMPANY LEGAL NAME], a [STATE] [ENTITY TYPE] ('Company'), and [EXECUTIVE FULL NAME] ('Executive'). Executive is engaged as [TITLE] reporting to the [BOARD OF DIRECTORS / CEO], commencing [START DATE].","Using the company's trade name instead of its registered legal entity name — this creates a mismatch with equity documents and payroll records that complicates enforcement of IP assignment and non-compete clauses.",{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Term and at-will status","States whether the agreement has a defined initial term (common for executives) or is at-will, and clarifies what happens at the end of a term if neither party gives notice.","The initial term of employment shall be [TWO (2)] years commencing on the Start Date and shall automatically renew for successive one-year terms unless either party provides written notice of non-renewal at least [90] days prior to the end of the then-current term.","Omitting auto-renewal language, which leaves the agreement technically expired while the executive continues working — undermining the enforceability of confidentiality and non-compete obligations.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Base salary, bonus, and incentive compensation","States the annual base salary, payment frequency, annual bonus target as a percentage of base, and the performance criteria that govern bonus payment — and clarifies whether any bonus is discretionary or guaranteed.","Company shall pay Executive a base salary of $[AMOUNT] per year, payable bi-weekly. Executive shall be eligible for an annual target bonus of [X]% of base salary based on performance objectives established by the Board. All bonuses are discretionary unless otherwise stated in a separate written incentive plan.","Omitting the word 'discretionary' on bonuses — courts in several jurisdictions have found that regularly paid bonuses become contractual entitlements even without an explicit written promise.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Equity grant and vesting schedule","Records the number or percentage of equity units granted, the type of equity (options, RSUs, or profits interests), the vesting schedule, and the cliff — and cross-references the governing equity plan.","Subject to Board approval, Executive shall receive a grant of [NUMBER] [stock options / restricted stock units] under the Company's [EQUITY PLAN NAME], vesting over [48] months with a [12]-month cliff, subject to the terms of the applicable award agreement.","Including equity terms only in the employment agreement without a separate award agreement — the equity plan terms control in a conflict, so omitting the cross-reference creates ambiguity on vesting acceleration, tax treatment, and exercise windows.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Benefits, perquisites, and expenses","References the standard benefits package, identifies any executive-specific perquisites (car allowance, D&O indemnification, supplemental insurance), and states the expense reimbursement process.","Executive shall be entitled to the Company's standard benefits program as in effect from time to time. In addition, Company shall provide: (a) a monthly car allowance of $[AMOUNT]; (b) D&O indemnification as set out in Schedule [X]; and (c) reimbursement of pre-approved business expenses within [30] days of submission with supporting receipts.","Detailing specific benefit plan terms — such as coverage levels or premium amounts — inside the contract body. Benefits plans change annually, and locking in specifics creates amendment obligations or unmet expectations.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Intellectual property assignment","Assigns to the company all work product, inventions, software, strategies, and IP created by the executive in connection with their role, including work done on personal devices or outside business hours if related to company business.","Executive agrees that all work product, inventions, developments, strategies, and improvements conceived or created by Executive during employment — or using Company resources, or related to the Company's current or reasonably anticipated business — are the sole property of the Company and are hereby irrevocably assigned to the Company.","Limiting IP assignment to work performed on company premises or using company equipment — executives working remotely or on personal devices may create IP outside the clause's reach if language is not drafted broadly.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Confidentiality and non-disclosure","Prohibits the executive from disclosing or misusing the company's confidential information — trade secrets, financials, product roadmaps, customer data, and M&A plans — during and after employment, with a defined carve-out for publicly available information.","Executive shall not, during or after employment, disclose or use any Confidential Information of the Company without prior written consent. 'Confidential Information' means any non-public information relating to the Company's business, technology, customers, finances, or strategic plans, excluding information that becomes publicly available through no fault of Executive.","Failing to define 'Confidential Information' precisely — an overbroad definition that encompasses all information the executive encounters can be struck down as unreasonable, voiding the clause entirely.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Non-compete and non-solicitation","Restricts the executive from joining competitors, launching a competing venture, or soliciting customers and employees for a defined period and geography after separation, calibrated to their actual access to competitive information.","For [12] months following separation, Executive shall not: (a) engage in or hold a senior role at a Competing Business within [GEOGRAPHIC AREA]; or (b) solicit any customer, client, or employee of the Company with whom Executive had material contact during the preceding [24] months.","Using a blanket 24-month non-compete with global geographic scope for every executive regardless of role — courts routinely void restrictions that are disproportionate to the executive's actual competitive exposure, eliminating protection entirely.",{"name":332,"plain_english":333,"sample_language":334,"common_mistake":335},"Termination, notice, and severance","Sets out the notice periods for voluntary and company-initiated termination, defines 'cause' and 'good reason' precisely, and states the severance formula for terminations without cause or for good reason — including any COBRA continuation and equity acceleration.","In the event of termination without Cause or resignation for Good Reason, Executive shall receive: (a) [X] months' base salary continuation; (b) a pro-rated target bonus for the year of termination; (c) [X] months of COBRA premium reimbursement; and (d) accelerated vesting of [X]% of unvested equity, subject to execution of a release within [60] days.","Defining 'cause' too broadly — including poor performance or 'failure to meet objectives' — which courts treat as a de facto at-will clause and may use to deny severance to an executive who was legitimately let go.",{"name":337,"plain_english":338,"sample_language":339,"common_mistake":340},"Change-of-control and double-trigger acceleration","Defines what constitutes a change of control, specifies the enhanced severance payable if the executive is terminated or resigns for good reason within a defined window following the event, and establishes whether equity accelerates on single or double trigger.","If, within [24] months following a Change of Control, Executive is terminated without Cause or resigns for Good Reason, Executive shall receive: (a) [2×] base salary and target bonus; (b) [18] months of COBRA; and (c) 100% acceleration of all unvested equity. 'Change of Control' means a transaction in which more than [50]% of the Company's voting securities are transferred to an unaffiliated third party.","Omitting a Change of Control definition or using a threshold below 50% — this creates ambiguity about whether routine secondary share sales or restructurings trigger the clause, exposing the company to unintended acceleration events.",[342,347,352,357,362,367,372,377],{"step":343,"title":344,"description":345,"tip":346},1,"Enter the parties and confirm the legal entity name","Use the company's full registered corporate name — not a trade name or brand — and the executive's legal name as it appears on government ID. Include exact title, reporting line, and start date.","Cross-reference the corporate registry filing to confirm the exact entity name; mismatches with equity plan documents create enforcement gaps later.",{"step":348,"title":349,"description":350,"tip":351},2,"Set the term type and auto-renewal notice period","Decide between an initial fixed term with auto-renewal or a fully at-will arrangement. For fixed terms, set the renewal notice period at 60–90 days so both parties have adequate planning time.","At-will employment has no legal equivalent in Canada, the UK, or the EU — use notice-period termination clauses in those jurisdictions instead.",{"step":353,"title":354,"description":355,"tip":356},3,"Complete the compensation and bonus block","Enter base salary, payment frequency, annual bonus target percentage, and the performance criteria that govern payout. Mark all bonuses explicitly as discretionary unless they are contractually guaranteed.","State the currency explicitly when the executive works in a country different from the company's home jurisdiction — USD and CAD, or GBP and EUR, are frequently confused.",{"step":358,"title":359,"description":360,"tip":361},4,"Document the equity grant and reference the award agreement","Record the grant size, type, vesting schedule, and cliff period. Cross-reference the governing equity incentive plan and the separate award agreement that will contain full vesting mechanics and tax treatment.","Confirm board approval of the grant before the agreement is executed — some equity plans require board or compensation committee action as a condition to grant validity.",{"step":363,"title":364,"description":365,"tip":366},5,"Define cause, good reason, and severance terms","Draft narrow, objective definitions of 'cause' (limited to fraud, gross misconduct, or material breach) and 'good reason' (material reduction in title, compensation, or duties). Then set the severance multiplier and benefits continuation period.","A severance release requirement is standard — include a 60-day execution window and confirm it meets applicable ADEA requirements for executives over 40 in the US.",{"step":368,"title":369,"description":370,"tip":371},6,"Calibrate non-compete and non-solicitation scope","Set duration (typically 12 months for most executives, up to 24 months for CEOs with board-level customer access) and geographic scope proportionate to the executive's actual competitive footprint. Apply jurisdiction-specific restrictions.","Remove or replace the non-compete entirely for California, Minnesota, and other jurisdictions that ban post-employment restrictions — retaining only the non-solicitation clause.",{"step":373,"title":374,"description":375,"tip":376},7,"Draft the change-of-control clause with a clear definition","Set the trigger threshold (typically 50% of voting securities), the protected window post-closing (typically 12–24 months), the enhanced severance multiplier (1×–3×), and whether equity accelerates on single or double trigger.","Double-trigger acceleration is generally preferred by investors over single-trigger because it retains executive incentives through a post-acquisition integration period.",{"step":378,"title":379,"description":380,"tip":381},8,"Execute before the start date and store the signed copy","Both parties must sign before the executive's first day. Post-start-date signatures create a 'fresh consideration' problem in common-law jurisdictions that can void IP assignment and non-compete clauses. Use electronic signature with a timestamp.","If circumstances delay signing past day one, document a specific additional benefit — bonus, equity top-up, or additional PTO — provided as fresh consideration at the time of late signing.",[383,387,391,395,399,403],{"mistake":384,"why_it_matters":385,"fix":386},"Signing after the executive's start date","In common-law jurisdictions, an executive already working has given nothing new in exchange for restrictive covenants signed post-start. Courts have voided IP assignment, non-compete, and confidentiality clauses on this basis.","Execute the agreement on or before day one. If delayed, provide and document a specific new benefit — a signing bonus, equity top-up, or extra PTO — as fresh consideration at the time of signing.",{"mistake":388,"why_it_matters":389,"fix":390},"Using a vague or overreaching 'cause' definition","Broad cause definitions that include 'failure to meet performance objectives' or 'conduct detrimental to the company' give employers near-absolute termination power — courts treat these as at-will clauses and may award severance regardless.","Limit cause to objectively verifiable events: fraud, willful misconduct, conviction of a felony, or material uncured breach of the agreement — and include a cure period of 30 days for curable breaches.",{"mistake":392,"why_it_matters":393,"fix":394},"Omitting a 'good reason' definition","Without a defined good reason, an executive who resigns after a material demotion or pay cut has no severance entitlement — creating a perverse incentive to stay in a role they no longer control.","Define good reason to cover at least: material reduction in base salary, material diminution of title or responsibilities, relocation of more than 50 miles, or company material breach — with a 30-day notice and cure period.",{"mistake":396,"why_it_matters":397,"fix":398},"Single-trigger equity acceleration without board approval","Single-trigger acceleration — vesting 100% on a change of control regardless of termination — can cost acquirers tens of millions in accelerated equity and kill a deal or dramatically reduce the acquisition price.","Default to double-trigger acceleration unless the executive specifically negotiates single-trigger and the board approves it in writing at the time of grant.",{"mistake":400,"why_it_matters":401,"fix":402},"Applying an overly broad non-compete to a global executive","A worldwide or industry-wide non-compete for a senior executive is routinely struck down as unreasonable — courts void the clause entirely rather than narrowing it, leaving the company with no protection.","Scope the non-compete to the specific markets, geographies, and customer segments the executive directly worked with. Use 12 months as the default duration and increase only for CEOs or executives with board-level competitive access.",{"mistake":404,"why_it_matters":405,"fix":406},"No clawback provision for incentive compensation","Without a clawback clause, an executive who receives a large bonus based on financial results that are later restated — or who engages in misconduct — cannot be required to return that compensation.","Include a clawback covering at least three years of incentive compensation, triggered by financial restatement, fraud, or material violation of company policy — and confirm it complies with SEC Rule 10D-1 for public companies.",[408,411,414,417,420,423,426,429,432],{"question":409,"answer":410},"What is an executive employment agreement?","An executive employment agreement is a legally binding contract between a company and a senior leader — typically a C-suite officer or VP — that governs every material term of the relationship: title, compensation, equity, benefits, IP ownership, confidentiality, non-compete restrictions, termination conditions, severance, and change-of-control protections. It replaces a standard offer letter for senior hires where the stakes — financial, competitive, and legal — are significantly higher.\n",{"question":412,"answer":413},"How is an executive employment agreement different from a standard employment contract?","A standard employment contract covers the basic terms of any hire — salary, duties, IP assignment, and termination notice. An executive agreement adds layers specific to senior leaders: equity grant terms and vesting acceleration, annual bonus targets tied to board-approved metrics, enhanced severance multipliers (typically 1×–3× annual compensation), change-of-control protections, golden parachute provisions, D&O indemnification, clawback clauses, and often a defined-term structure with auto-renewal. Using a standard employment contract for a C-suite hire leaves significant gaps that courts fill with jurisdiction defaults.\n",{"question":415,"answer":416},"What severance should an executive employment agreement include?","Severance for senior executives typically ranges from 12 to 24 months of base salary plus a pro-rated target bonus, COBRA premium continuation, and outplacement services. For change-of-control terminations, a multiplier of 2×–3× total annual compensation (salary plus target bonus) is common at the CEO level. In Canada and the UK, contractual severance must meet or exceed statutory minimums — but for executives, common-law notice obligations in Canada can run significantly higher than statutory floors, making a written cap essential.\n",{"question":418,"answer":419},"What is double-trigger equity acceleration?","Double-trigger acceleration requires two events before unvested equity accelerates: first, a change of control (the acquisition or merger closes), and second, an involuntary termination or resignation for good reason within a defined window afterward — typically 12 to 24 months. This is the standard preferred by investors and acquirers because it retains executive incentives through post-acquisition integration. Single-trigger acceleration, by contrast, vests equity immediately upon the change of control regardless of whether the executive is terminated, which can significantly reduce the attractiveness of the company to acquirers.\n",{"question":421,"answer":422},"Are non-compete clauses enforceable in executive employment agreements?","Enforceability depends on jurisdiction and scope. California, Minnesota, North Dakota, and Oklahoma effectively ban post-employment non-competes regardless of seniority. In jurisdictions that permit them — most US states, the UK, and much of Canada — courts enforce restrictions that are reasonable in duration (typically 12 months), geographic scope, and breadth of prohibited activity. For executives, longer durations and broader scopes are more consistently upheld than for junior employees, given their access to strategic and competitive information, but overbroad clauses are still struck down entirely in many jurisdictions rather than narrowed.\n",{"question":424,"answer":425},"What does 'good reason' mean in an executive employment agreement?","Good reason is a contractually defined set of adverse changes to the executive's role that entitle them to resign and receive severance as though they were terminated without cause. Typical good reason triggers include a material reduction in base salary or target bonus, a material diminution in title, authority, or reporting structure, a required relocation of more than 50 miles, or a company material breach of the agreement. Good reason provisions protect the executive from constructive dismissal — where the company effectively forces a resignation by significantly worsening the role.\n",{"question":427,"answer":428},"When should a company use an executive employment agreement instead of an offer letter?","Any hire with equity, material severance exposure, access to sensitive competitive information, or a title of VP or above warrants a full executive employment agreement rather than an offer letter. An offer letter secures acceptance but creates no enforceable IP assignment, non-compete, or confidentiality obligations. For C-suite hires, operating on an offer letter alone can expose the company to unlimited common-law notice claims (in Canada and the UK), unenforceable non-competes, and disputed IP ownership — all of which are far more expensive to litigate than the cost of drafting the agreement correctly at the outset.\n",{"question":430,"answer":431},"Does an executive employment agreement need to be reviewed by a lawyer?","For any executive hire with equity, change-of-control provisions, or severance exposure above six months, a legal review is strongly recommended. A compensation attorney review typically costs $500–$1,500 and catches jurisdiction-specific enforceability issues, tax complications under IRC Section 280G (golden parachute), and ADEA-compliant release language for executives over 40. For cross-border hires or any executive receiving equity valued above $500,000, custom legal drafting rather than template review is appropriate.\n",{"question":433,"answer":434},"What is a clawback provision and when is it required?","A clawback provision gives the company the contractual right to recover previously paid incentive compensation if the executive engaged in misconduct or if the financial results underlying a bonus payment are later restated. For US public companies, SEC Rule 10D-1 (effective December 2023) requires listed companies to adopt and enforce clawback policies covering at least the prior three fiscal years of incentive compensation for current and former executive officers. Private companies are not subject to Rule 10D-1 but should still include clawback language as a best practice, particularly for cash bonuses and equity tied to financial metrics.\n",[436,440,444,448,451,455],{"industry":437,"icon_asset_id":438,"specifics":439},"Technology / SaaS","industry-saas","Equity-heavy compensation structures require detailed vesting, acceleration, and tax treatment cross-references; broad IP assignment covering algorithms, data, and platform architecture is critical.",{"industry":441,"icon_asset_id":442,"specifics":443},"Financial services","industry-fintech","Regulatory licensing conditions (FINRA, FCA, or SEC registration) are included as employment prerequisites; bonus clawback provisions must comply with Dodd-Frank and applicable securities regulations.",{"industry":445,"icon_asset_id":446,"specifics":447},"Healthcare and life sciences","industry-healthtech","Credentialing and professional licensing conditions precedent to full duties; HIPAA confidentiality obligations incorporated by reference; non-solicitation covering key referring physicians or research collaborators.",{"industry":217,"icon_asset_id":449,"specifics":450},"industry-investor","Management carve-out participation rights, transaction bonuses, and change-of-control double-trigger provisions are central to aligning executive incentives with investor exit timelines.",{"industry":452,"icon_asset_id":453,"specifics":454},"Manufacturing and industrial","industry-manufacturing","Trade secret protections for proprietary processes and formulations are prioritized; non-compete scope is typically tied to specific product categories and geographic distribution territories.",{"industry":456,"icon_asset_id":457,"specifics":458},"Professional services","industry-professional-services","Client and referral-source non-solicitation provisions are often more commercially important than non-competes; billing rate targets and utilization obligations are referenced in performance metrics.",[460,463,465,467],{"vs":461,"vs_template_id":232,"summary":462},"Standard Employment Contract","A standard employment contract covers the basic terms of any hire — salary, duties, IP assignment, termination notice, and standard benefits. An executive agreement adds equity grant terms, annual bonus targets, enhanced severance multipliers, change-of-control protections, D&O indemnification, and clawback provisions. Using a standard contract for a C-suite hire leaves significant financial and legal gaps.",{"vs":246,"vs_template_id":247,"summary":464},"A job offer letter confirms role and compensation to secure acceptance but creates no enforceable IP assignment, non-compete, confidentiality, or severance obligations. Relying on an offer letter alone for an executive hire exposes the company to unlimited common-law notice claims, disputed IP ownership, and no post-employment restrictions. The executive agreement is the binding governing document.",{"vs":122,"vs_template_id":239,"summary":466},"An independent contractor agreement engages a self-employed individual with no employment entitlements — no benefits, no equity, no termination notice, and no FICA withholding. Misclassifying an executive as a contractor when the economic reality indicates employment triggers significant tax liability, penalties, and benefit reimbursement claims. The control test — how much the company directs how the work is performed — determines the correct classification.",{"vs":250,"vs_template_id":251,"summary":468},"A standalone NDA protects confidential information but contains no employment terms, IP assignment, non-compete restrictions, compensation obligations, or severance entitlements. It is appropriate as a pre-hire document or for consultants, but for a full executive hire, confidentiality provisions should be embedded in a comprehensive executive employment agreement rather than managed through a separate NDA.",{"use_template":470,"template_plus_review":474,"custom_drafted":478},{"best_for":471,"cost":472,"time":473},"Early-stage startups hiring a first executive at the VP level with standard equity and a straightforward domestic employment relationship","Free","30–60 minutes",{"best_for":475,"cost":476,"time":477},"C-suite hires with equity above $250,000, cross-state employment, or severance above 12 months","$500–$1,500","2–5 days",{"best_for":479,"cost":480,"time":481},"Public company officers, cross-border executive hires, M&A-driven change-of-control situations, or equity above $1,000,000","$2,500–$10,000+","2–4 weeks",[483,488,493,498],{"code":484,"name":485,"flag_asset_id":486,"note":487},"us","United States","flag-us","At-will employment is the default in 49 states, but executive agreements typically use a defined term with for-cause termination standards. IRC Section 280G imposes a 20% excise tax on golden parachute payments exceeding 3× the executive's five-year average compensation — agreements for named executive officers should include a 280G gross-up or best-net provision. Non-compete enforceability varies sharply by state: California, Minnesota, and Oklahoma ban post-employment restrictions regardless of seniority. The ADEA requires a 21-day consideration period and 7-day revocation right for executives over 40 signing a severance release.",{"code":489,"name":490,"flag_asset_id":491,"note":492},"ca","Canada","flag-ca","At-will employment does not exist in Canada. Executive severance must meet provincial Employment Standards Act minimums — but common-law reasonable notice for long-tenured executives can reach 24 months or more, making a written contractual cap essential. Quebec contracts must be in French for provincially regulated employers. Non-competes are enforceable only if reasonable in scope, duration, and geographic coverage — courts in Ontario have struck down clauses exceeding 12 months for executives without clearly defined competitive exposure.",{"code":494,"name":495,"flag_asset_id":496,"note":497},"uk","United Kingdom","flag-uk","Employers must provide a written statement of employment particulars on or before the executive's first day. Statutory minimum notice is 1 week per year of service after 2 years, capped at 12 weeks, but executive contracts typically provide 6–12 months of contractual notice. Garden leave provisions are standard for senior executives and are generally enforceable when the executive continues to receive full pay. Post-termination non-competes require legitimate business interest justification and reasonable scope — courts apply a higher scrutiny to restrictions exceeding 12 months.",{"code":499,"name":500,"flag_asset_id":501,"note":502},"eu","European Union","flag-eu","The EU Transparent and Predictable Working Conditions Directive requires written terms within 7 days of hire. Post-employment non-competes typically require financial compensation to the executive — ranging from 25% to 100% of salary depending on the member state — to be enforceable; France requires compensation of at least 30% of monthly salary for the restricted period. GDPR applies to any personal data processed in connection with the agreement, including performance monitoring. Severance entitlements vary widely by member state, with France, Germany, and Spain imposing some of the most significant statutory protections.",[232,247,251,239,236,255,504,505,506,507,508,509],"employee-handbook-D712","employee-dismissal-letter-D508","severance-agreement-D525","general-non-compete-agreement-D882","equity-incentive-plan-D13224","board-resolution-D78",{"emit_how_to":198,"emit_defined_term":198},{"primary_folder":115,"secondary_folder":512,"document_type":513,"industry":514,"business_stage":515,"tags":516,"confidence":522},"employment-and-contractors","agreement","general","all-stages",[517,518,519,520,521],"contract","legal","employment-agreement","executive","c-suite",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 C-suite or senior executive that governs every material dimension of the engagement: title, reporting structure, base salary, annual bonus targets, equity grants and vesting mechanics, benefits, IP assignment, confidentiality obligations, non-compete and non-solicitation restrictions, termination conditions, enhanced severance, and change-of-control protections. Unlike a standard employment contract or offer letter, it accounts for the financial complexity and competitive sensitivity that define senior leadership roles — including equity acceleration triggers, defined-term structure with auto-renewal, golden parachute provisions, and clawback rights over incentive compensation.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Hiring a senior executive without a purpose-built agreement creates four distinct and costly exposures simultaneously. First, without explicit IP assignment language covering work on personal devices and off-hours strategic thinking, the executive may retain rights to competitive insights, product strategies, or software developed during their tenure. Second, absent a defined cause standard and good reason clause, the company can find itself in a protracted dispute over whether severance is owed — disputes that typically settle for 12 to 24 months of compensation. Third, equity vesting terms that exist only in a board resolution and not in a signed executive agreement are routinely contested at separation, particularly around acceleration rights in an acquisition. Fourth, a departing executive with no enforceable non-solicitation can rebuild the company's customer base and senior team at a competitor within weeks of leaving. A properly executed executive employment agreement, signed before day one, closes all four gaps in a single document — and signals to the executive, the board, and future investors that the company operates with institutional-grade governance.\u003C/p>\n",1781186024508]