[{"data":1,"prerenderedAt":524},["ShallowReactive",2],{"document-senior-advisor-agreement-D557":3},{"document":4,"label":26,"preview":11,"thumb":27,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":28,"breadcrumb":32,"related":38,"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},"SENIOR ADVISOR AGREEMENT This Senior Advisor Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [CORPORATION NAME] (the \"Corporation\"), 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: [INDIVIDUAL NAME] (the \"Executive\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH: WHEREAS, Executive is currently serving and has for many years served as the Chairman and Chief Executive Officer of [COMPANY NAME], a corporation organized under the laws of [STATE/PROVINCE] (\"[COMPANY'S NAME INITIALS]\"); and WHEREAS, Corporation, [COMPANY NAME], a wholly owned subsidiary of Corporation (\"[COMPANY'S NAME INITIALS]\") and [COMPANY NAME] have entered into an Agreement and Plan of Merger dated as of [EFFECTIVE DATE], as modified by the Stipulation and Order dated [EFFECTIVE DATE], pursuant to which [COMPANY NAME] will merge with and into [COMPANY NAME], with [COMPANY NAME] being the surviving corporation (the \"Merger\"); and WHEREAS, Corporation wishes to retain Executive's continued services to the Merger as the successor to [COMPANY NAME] following the Merger and to retain Executive's services to Corporation and access to Executive's experience and knowledge following the Merger; and WHEREAS, Executive wishes to continue providing services to Lasso as the successor to [COMPANY NAME] following the Merger and to furnish advisory services to Corporation following the Merger upon the terms, provisions and conditions herein provided; NOW, THEREFORE, in consideration of the foregoing and of the agreements hereinafter contained, the parties hereby agree as follows: TERM The term of this Agreement (the \" Term\") shall begin on the effective date of the Merger (the \"Effective Date\") and terminate [NUMBER] years thereafter. SERVICES DURING THE TERM During the Term, Executive will, upon reasonable request, provide advisory services to the Merger and Corporation (\"Employer\") as follows: Subject to Section 5 below, Executive's services hereunder shall be provided as an employee of Employer as the Senior Advisor of Employer (this position shall entitle Executive to the continuation of benefits described in Section 4 of this Agreement, notwithstanding any limitation contained in any plans or policies referenced therein or otherwise); Executive may be required to devote up to [NUMBER] hours per month to Employer; Executive may perform advisory services hereunder at any location but may be required to be at the offices of Employer upon reasonable notice; and Executive shall not be obligated to render services under this Agreement during any period when he is disabled due to illness or injury, however, Executive will continue to receive the benefits under Sections 3 and 4 of this Agreement during such periods. COMPENSATION FOR SERVICES DURING THE TERM During the Term, Corporation shall pay Executive base compensation in the amount of [AMOUNT] per year, such sum to be payable monthly or as Corporation and Executive may from time to time otherwise agree. Executive shall also be reimbursed for reasonable out of pocket expenses related to services provided by Executive under Section 2 hereof. Executive shall be entitled to receive bonus payments for services rendered by Executive to Employer during the Term in such amounts and at such times as Corporation may in its discretion determine. In addition, during the Term Corporation shall continue to provide Executive with the following perquisites: Reimbursement for [SPECIFY] dues incurred by Executive during the Term consistent with the past practices of Executive at [COMPANY NAME]; Use of, and the payment of all reasonable expenses (including, without limitation, insurance, repairs, maintenance, fuel and oil) for, an automobile (and gross-up Executive for any and all income tax liability incurred by Executive). The monthly lease payment or allowance for such automobile shall be determined by and in the sole discretion of the Corporation Board of Directors, however, such perquisite should be consistent with the past practices of [COMPANY NAME]; Personal use of Employer-owned aircraft for [NUMBER] years after the Effective Date; provided, however, that Executive's personal use of Employer-owned aircraft shall be consistent with past practices and not interfere with Employer's use of Employer-owned aircraft. Corporation will reimburse and gross-up Executive for any and all income tax liability incurred by Executive in connection with his personal use of Employer-owned aircraft; Use of an office at Employer's headquarters in [CITY], [STATE/PROVINCE] (similar to that maintained by Executive in his current position), and Employer shall provide secretarial services for Executive, similar to that currently available to Executive; and Reimbursement from Corporation during the Term for costs incurred by Executive for tax and estate planning advice from an entity approved by Corporation. In the event of Executive's death, the compensation payments and perquisites described above shall continue to be paid to Executive's spouse for the duration of the Term. In the event of the death of both Executive and his spouse, all such compensation payments and perquisites shall cease. PREVIOUSLY EARNED COMPENSATION For compensation earned by Executive for services rendered by Executive to [COMPANY NAME] prior to the Effective Date, Corporation shall pay to the Executive compensation to include, but not limited to, the following: Stock Options. During the Term and prior to Executive's retirement as an employee pursuant to Section 5 below, all options to purchase [COMPANY NAME] common stock (as converted to options to purchase Corporation common stock using the Exchange Ratio as that term is defined in the Merger Agreement between Corporation, Merger and [COMPANY NAME]) held by Executive on the Effective Date shall be fully exercisable by Executive in accordance with their terms until the original expiration date of such options. Upon Executive's retirement as an employee, all such options held by Executive at the time of his retirement shall be fully exercisable until the earlier of the original expiration date of the options or [NUMBER] months after the date of Executive's retirement. In the event of Executive's death, Executive's estate shall be entitled to exercise such options until the earlier of the original expiration date of the options or [NUMBER] months after the date of Executive's death. Executive Life Insurance Program (\" ELIP\"). Corporation shall timely pay the [NUMBER] remaining annual premium payments, each in the amount of [AMOUNT], and shall pay Executive the corresponding tax gross-up payments, due under the ELIP. 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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},[97],{"label":98,"url":99},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":112,"keywords":111,"url":118},"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. 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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.","Employment Agreement Executive","12",97,"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},[143,145,147],{"label":17,"url":144},"human-resources",{"label":20,"url":146},"hire-employee",{"label":23,"url":114},"employment agreement executive","/template/employment-agreement-executive-D543",{"description":151,"descriptionCustom":6,"label":152,"pages":122,"size":106,"extension":10,"preview":153,"thumb":154,"svgFrame":155,"seoMetadata":156,"parents":158,"keywords":157,"url":161},"[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","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":157,"description":6},"job offer letter long",[159,160],{"label":17,"url":144},{"label":20,"url":146},"/template/job-offer-letter-long-D12769",{"description":163,"descriptionCustom":6,"label":164,"pages":165,"size":106,"extension":10,"preview":166,"thumb":167,"svgFrame":168,"seoMetadata":169,"parents":171,"keywords":170,"url":176},"LLC MEMBER WITHDRAWAL AGREEMENT This LLC Member Withdrawal Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF THE LLC], (the \"Company\"), an LLC 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 WITHDRAWING MEMBER], (the \"Withdrawing Member\") an individual OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Company and the Withdrawing Member shall be referred to as the \"Parties.\" WHEREAS, the Withdrawing Member has elected to withdraw from the Company in accordance with the terms of this Agreement; WHEREAS, the Company and the Withdrawing Member now desire to enter into this Agreement for the consent, ratification and agreement of the Remaining Members and to provide for (i) the full and complete redemption of the Withdrawing Member's Interest in the Company, and (ii) such other matters as are agreed to by the Company and the Withdrawing Member; 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: WITHDRAWAL OF INTEREST Pursuant to the terms and conditions set forth in this Agreement, the Withdrawing Member hereby irrevocably and unconditionally withdraws as a member of the Company and the Company hereby redeems the Withdrawing Member's entire Interest in the Company, provided the foregoing shall not limit or modify the rights of the Withdrawing Member. For purposes of this Agreement, the Withdrawing Member's Interest includes, without limitation, all of the Withdrawing Member's right, title and Interest in and to and claims against the Company including, without limitation, any claims released under this Agreement, any management, voting or other rights under any organizational and operational agreement (whether arising in connection with the Executive Committee, as a member, or otherwise), any right to return of the Withdrawing Member's capital and any yield or return thereon, rights to distributions or allocations of income, profits, credits, losses or deductions, and claims for payment of any fees, debts (including, without limitation, any right to treat the Withdrawing Member's unreturned Capital Contribution as or receive payment of Subordinated Debt) or reimbursement or payment of any other amounts together with any interest thereon owing now or in the future by the Company to the Withdrawing Member and any right, title or Interest in or to purchase or acquire any property of the Company. On the Effective Date, the following actions shall occur concurrently: (a) the Company will redeem in full the Withdrawing Member's Interest, and (b) the Withdrawing Member will irrevocably and unconditionally withdraw from the Company (collectively, the \"Transaction\"). CONSIDERATION Adequacy of Consideration. The Withdrawing Member acknowledges that the release from the Company and the indemnity from the Company under this Agreement for the benefit of the Withdrawing Member constitute fair, adequate and sufficient consideration under this Agreement for the Transaction. Non-Responsibility of the Remaining Members and the Company. For the avoidance of any doubt, in no event shall (A) any Remaining Member or the Company be required to make any payment to the Withdrawing Member in consideration for the Withdrawing Member withdrawing as a member of the Company, any Remaining Member be responsible for the breach of any obligation of any other Remaining Member under this Agreement, or related to the Transaction or otherwise, or the Company be responsible for the breach of any obligation of a Remaining Member under this Agreement and the Withdrawing Member related to the Transaction or otherwise; and the Transaction shall remain in full force and effect and shall not be subject to rescission, set aside, or any similar claim or remedy by the Withdrawing Member, all of which rights and remedies are hereby irrevocably and unconditionally waived by the Withdrawing Member and shall be considered as having been released pursuant to the Withdrawing Member's Release. Survival of Indemnification Provisions. The provisions related to indemnification contained in this Agreement shall survive the termination of this Agreement. REPRESENTATIONS AND WARRANTIES OF THE WITHDRAWING MEMBER The Withdrawing Member is a limited liability company, duly organized and validly existing under the laws of the [STATE/PROVINCE], with all requisite power to carry on its business as presently owned or conducted and to take any action contemplated by it pursuant to this Agreement. The Withdrawing Member has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Withdrawing Member, no further consent or approval is required, and this Agreement constitutes the legal, valid and binding obligation of the Withdrawing Member, enforceable in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency or other laws relating to or affecting enforcement of creditor's rights generally or by general equity principles. The execution, delivery and performance of this Agreement does not, and the performance of this Agreement will not: (1) violate or result in a default under the organizational documents of the Withdrawing Member; or (2) violate any existing applicable law, rule, regulation, judgment, order or decree of any governmental instrumentality or court having jurisdiction over the Withdrawing Member. The execution, delivery and performance of this Agreement, the Transaction and any other transactions contemplated hereby do not conflict, and are not inconsistent, with and will not result (with or without the giving of notice or passage of time or both) in a breach of or creation of any lien, charge or encumbrance upon any of the Withdrawing Member's Interest pursuant to the terms of any agreement, to which the Withdrawing Member is a Party or by which the Withdrawing Member may be bound or to which it may be subject. The Withdrawing Member owns its Interest free and clear of all liens and encumbrances or other restrictions of any kind whatsoever of any Person, whether claiming through the Withdrawing Member. The Withdrawing Member's Interest constitutes the entire right, title and interest in and claims against the Company owned by the Withdrawing Member or any affiliates of the Withdrawing Member. Excepting the Withdrawing Member Unreleased Claims, from and after the Effective Date, the Withdrawing Member shall not have any right, title or interest in or to or claim against the Company, including, without limitation, any right, title or interest in or to or against any cash flow or any other distributions, capital, profits and losses, management, voting or other rights under any organizational and operational agreements, or any rights to any receivables (including, without limitation, any right to the Withdrawing Member's unreturned Capital Contribution and/or any right to treat the Withdrawing Member's unreturned Capital Contribution as or receive payment of Subordinated Debt) relating to the Company. The Withdrawing Member hereby represents and warrants that it is the owner of the Withdrawing Member Claims and that it has not previously assigned or transferred any of the Withdrawing Member Claims.","LLC Member Withrawal Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/llc-member-withrawal-agreement-D13273.png","https://templates.business-in-a-box.com/imgs/250px/13273.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13273.xml",{"title":170,"description":6},"llc member withrawal agreement",[172,173],{"label":23,"url":114},{"label":174,"url":175},"Incorporation Agreements","incorporation-agreement","/template/llc-member-withrawal-agreement-D13273",false,{"seo":179,"reviewer":190,"legal_disclaimer":194,"quick_facts":195,"at_a_glance":197,"personas":201,"variants":226,"glossary":254,"clauses":288,"how_to_fill":339,"common_mistakes":380,"faqs":405,"industries":433,"comparisons":458,"diy_vs_lawyer":468,"jurisdictions":481,"related_template_ids_curated":502,"schema":510,"classification":511},{"meta_title":180,"meta_description":181,"primary_keyword":182,"secondary_keywords":183},"Senior Advisor Agreement Template | BIB","Free senior advisor agreement template covering scope, compensation, equity, confidentiality, and IP.","senior advisor agreement template",[184,185,186,187,188,189],"senior advisor contract template","startup advisor agreement","advisor equity agreement template","business advisor agreement template word","advisor agreement template free","consulting advisor agreement",{"name":191,"credential":192,"reviewed_date":193},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":196,"legal_review_recommended":194,"signature_required":194,"notarization_required":177},"medium",{"what_it_is":198,"when_you_need_it":199,"whats_inside":200},"A Senior Advisor Agreement is a legally binding contract between a company and an experienced individual engaged to provide strategic guidance, industry introductions, and subject-matter expertise on a non-employee basis. This free Word download covers scope of services, time commitment, compensation (cash, equity, or both), confidentiality, IP ownership, and termination — all in a single, editable document you can export as PDF and execute in minutes.\n","Use it before an advisor's first engagement — when bringing on a domain expert, former executive, or industry connector who will receive equity, a retainer, or access to sensitive company information in exchange for ongoing strategic input. It is equally appropriate for formalizing an existing informal advisory relationship.\n","Advisor identification and role definition, scope of services and time commitment, compensation terms (cash retainer and/or equity grant with vesting schedule), confidentiality obligations, IP assignment, non-solicitation, conflict-of-interest disclosure, term and termination, and governing law.\n",[202,206,210,214,218,222],{"title":203,"use_case":204,"icon_asset_id":205},"Startup founders","Formalizing equity-for-advice arrangements before sensitive IP is shared","persona-startup-founder",{"title":207,"use_case":208,"icon_asset_id":209},"CEOs and managing directors","Onboarding a former industry executive to an advisory board with a defined time commitment","persona-ceo",{"title":211,"use_case":212,"icon_asset_id":213},"Venture-backed companies","Documenting advisor equity grants to satisfy investor due diligence requirements","persona-investor",{"title":215,"use_case":216,"icon_asset_id":217},"Scale-up operations teams","Replacing informal handshake advisor relationships with enforceable written agreements","persona-operations-director",{"title":219,"use_case":220,"icon_asset_id":221},"Professional services firms","Engaging a senior subject-matter expert to provide client-facing strategic support","persona-professional-services",{"title":223,"use_case":224,"icon_asset_id":225},"Nonprofit executives","Engaging a high-profile advisor to provide credibility and fundraising introductions","persona-nonprofit-exec",[227,231,234,238,242,246,250],{"situation":228,"recommended_template":229,"slug":230},"Engaging an advisor who will receive only equity, no cash retainer","Advisor Equity Agreement","professional-services-agreement-D13277",{"situation":232,"recommended_template":89,"slug":233},"Engaging a paid consultant delivering a defined work product","independent-contractor-agreement-D160",{"situation":235,"recommended_template":236,"slug":237},"Formalizing an entire advisory board with uniform terms","Advisory Board Agreement","advisory-board-agreement-D13898",{"situation":239,"recommended_template":240,"slug":241},"Bringing on a C-suite executive in a formal employment capacity","Executive Employment Agreement","employment-agreement-executive-D543",{"situation":243,"recommended_template":244,"slug":245},"Engaging a technical expert to review a specific product or system","Consulting Agreement","consulting-agreement---long-D12543",{"situation":247,"recommended_template":248,"slug":249},"Advisor relationship requiring strict non-compete in a sensitive market","Non-Compete Agreement","general-non-compete-agreement-D882",{"situation":251,"recommended_template":252,"slug":253},"Sharing confidential information before agreement terms are finalized","Non-Disclosure Agreement","non-disclosure-agreement-nda-D12692",[255,258,261,264,267,270,273,276,279,282,285],{"term":256,"definition":257},"Advisor","An individual engaged to provide strategic guidance, introductions, or expertise to a company on a non-employee basis, without day-to-day operational authority.",{"term":259,"definition":260},"Retainer","A fixed periodic cash payment — typically monthly — made to the advisor in exchange for a defined minimum time commitment or availability.",{"term":262,"definition":263},"Equity Grant","An allocation of company shares or stock options awarded to the advisor as compensation, typically subject to a vesting schedule tied to continued engagement.",{"term":265,"definition":266},"Vesting Schedule","The timeline and conditions under which the advisor earns ownership of granted equity — commonly monthly vesting over 1–2 years with or without a cliff.",{"term":268,"definition":269},"Cliff","A minimum period — often 3 or 6 months — that must pass before any equity vests; if the advisor leaves before the cliff, no equity is earned.",{"term":271,"definition":272},"IP Assignment","A clause transferring ownership of any work product, inventions, or materials created by the advisor in connection with the engagement to the company.",{"term":274,"definition":275},"Conflict of Interest","A situation in which the advisor's personal, financial, or professional interests could impair their ability to provide objective advice to the company.",{"term":277,"definition":278},"Non-Solicitation","A restriction preventing the advisor from recruiting the company's employees or approaching its customers for a defined period during or after the engagement.",{"term":280,"definition":281},"Independent Contractor Status","The advisor's classification as a self-employed individual rather than an employee, meaning no payroll taxes are withheld and no employment benefits accrue.",{"term":283,"definition":284},"Termination for Cause","Ending the advisor relationship immediately, without notice or equity acceleration, due to a material breach, misconduct, or violation of the agreement's terms.",{"term":286,"definition":287},"Tail Period","A defined window after termination during which confidentiality and non-solicitation obligations continue to bind the advisor.",[289,294,299,304,309,314,319,324,329,334],{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Parties and recitals","Identifies the company and the advisor as legal parties, states the purpose of the relationship, and confirms the advisor is not an employee.","This Senior Advisor Agreement ('Agreement') is entered into as of [DATE] between [COMPANY LEGAL NAME], a [STATE/COUNTRY] [ENTITY TYPE] ('Company'), and [ADVISOR FULL NAME], an individual ('Advisor'). Advisor is engaged as an independent contractor and not as an employee of the Company.","Using a trade name instead of the registered legal entity for the company. If the entity name doesn't match equity cap table records, enforcing IP assignment or seeking injunctive relief against the right party becomes complicated.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Scope of services and time commitment","Describes what the advisor will actually do — strategic introductions, product feedback, board attendance, or specific domain guidance — and how many hours per month are expected.","Advisor shall provide the following services: [LIST OF SERVICES]. Advisor agrees to devote approximately [X] hours per month to the Company, including [NUMBER] in-person or video meetings per quarter.","Leaving scope undefined with language like 'provide general strategic advice.' When disputes arise over whether the advisor performed, there is no objective standard to apply.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Compensation — cash retainer","States the monthly or quarterly cash retainer amount, payment date, and any conditions on payment — such as invoice submission or minimum hours.","In consideration for the Services, Company shall pay Advisor a monthly retainer of $[AMOUNT], payable within [15] days of the end of each calendar month, subject to receipt of a valid invoice.","Omitting a payment trigger — advisors assume automatic payment; companies assume invoices are required. The resulting dispute delays payment and damages the relationship.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Compensation — equity grant","Specifies the number of shares or options granted, the grant date, exercise price (for options), and the governing equity plan or separate option agreement.","Subject to approval by the Company's Board of Directors, Company shall grant Advisor an option to purchase [NUMBER] shares of Common Stock at an exercise price of $[PRICE] per share, governed by the Company's [EQUITY PLAN NAME] and a separate Option Agreement.","Granting equity directly in the advisor agreement without a separate option agreement or board approval. Most equity plans require board approval and a standalone grant document — a promise in the advisor agreement alone may not be enforceable.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Vesting schedule","Sets out the timeline over which granted equity is earned, including whether there is a cliff period and what happens to unvested equity upon termination.","The Options shall vest monthly over [24] months, commencing on the Grant Date, with [1/24th] of the total vesting each month. There is no cliff. Upon termination of this Agreement for any reason, vesting shall cease immediately and unvested Options shall be forfeited.","No vesting schedule at all — granting fully vested equity at signing. If the advisor disengages after one month, the company has given away equity with no ongoing performance obligation attached.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Confidentiality","Prohibits the advisor from disclosing or using the company's confidential information — strategy, financials, customer data, and technology — during and after the engagement.","Advisor agrees to hold all Confidential Information of the Company in strict confidence and not to disclose or use any Confidential Information for any purpose other than performing the Services, during the Term and for [3] years thereafter.","No definition of 'Confidential Information' beyond 'anything we tell you.' Courts apply a reasonableness standard — an undefined or overbroad definition weakens enforceability and provides no guidance on what the advisor must actually protect.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Intellectual property assignment","Assigns to the company all work product, analysis, introductions documentation, and other materials created by the advisor in connection with the engagement.","All work product, deliverables, inventions, and materials created by Advisor in connection with the Services shall be the sole and exclusive property of the Company and are hereby irrevocably assigned to the Company.","No IP assignment clause at all. Advisors who produce pitch materials, product frameworks, or proprietary models may retain copyright absent explicit assignment, creating ownership disputes when the company scales or raises capital.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Conflict of interest and exclusivity","Requires the advisor to disclose existing relationships with competitors and defines whether the engagement is exclusive or permits the advisor to work with other companies in the same space.","Advisor shall promptly disclose to the Company any actual or potential conflict of interest, including any engagement with a Competing Business. [OPTION: During the Term, Advisor shall not provide advisory services to any Competing Business without prior written consent of the Company.]","Assuming non-exclusivity without stating it. Advisors commonly work across multiple portfolio companies. Without a clear statement, both sides have different expectations — leading to conflict when a competitor relationship surfaces.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Non-solicitation","Prevents the advisor from recruiting company employees or approaching its customers for a defined period after the engagement ends.","For [12] months following termination of this Agreement, Advisor shall not solicit, recruit, or hire any employee of the Company, or solicit any customer or prospective customer of the Company for any competing purpose.","Using a blanket non-solicitation that covers all of the advisor's business activities. Courts are more likely to enforce narrow, targeted restrictions — apply non-solicitation only to employees and customers the advisor actually encountered during the engagement.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Term and termination","Sets the initial duration of the agreement, any auto-renewal provisions, and the notice required to terminate — plus conditions for immediate termination for cause.","This Agreement shall commence on [START DATE] and continue for an initial term of [12] months, unless earlier terminated. Either party may terminate without cause upon [30] days' written notice. The Company may terminate immediately for Cause, in which case all unvested equity is forfeited.","No termination-for-cause definition. Without it, the company cannot terminate for advisor misconduct or breach without paying out the remaining term — and the advisor may dispute that cause existed at all.",[340,345,350,355,360,365,370,375],{"step":341,"title":342,"description":343,"tip":344},1,"Enter the legal entity names and advisor details","Use the company's full registered legal name — not a brand name — and the advisor's full legal name as it appears on government-issued ID. Confirm the entity type (LLC, corporation, etc.) and the jurisdiction of incorporation.","Cross-reference your corporate registry filing before finalizing the parties block. A mismatch between the agreement and cap table records can complicate equity enforcement.",{"step":346,"title":347,"description":348,"tip":349},2,"Define the scope of services specifically","List the advisor's actual responsibilities — industry introductions, quarterly board meetings, product feedback sessions, investor introductions — with a target hours-per-month figure. Attach a Schedule A if the scope is detailed.","Specific scope descriptions make performance assessment straightforward. If the advisor isn't delivering, a defined scope is your evidence.",{"step":351,"title":352,"description":353,"tip":354},3,"Set the compensation terms — cash and equity","Enter the monthly retainer amount (or confirm no cash is payable), then reference the equity grant by number of shares or options, exercise price, and governing equity plan. Note that equity requires a separate board-approved option agreement.","For early-stage startups with no cash, the FAST Agreement standard (Founder/Advisor Standard Template) offers a market-calibrated equity-only framework as a reference point for option sizing.",{"step":356,"title":357,"description":358,"tip":359},4,"Complete the vesting schedule","Set the total vesting period (typically 12–24 months for advisors), confirm whether there is a cliff, and specify what happens to unvested equity upon termination — forfeiture is the standard treatment.","Monthly vesting with no cliff is most common for advisor grants, since a cliff creates incentive for the advisor to disengage immediately after it passes.",{"step":361,"title":362,"description":363,"tip":364},5,"Define confidential information and the tail period","Write a clear, specific definition of Confidential Information covering strategy, customer data, financials, and technology. Set the post-termination confidentiality tail — typically 2–3 years.","If the advisor will have access to trade secrets, consider a longer tail or align the duration to the applicable trade-secret statute in the governing jurisdiction.",{"step":366,"title":367,"description":368,"tip":369},6,"Address conflicts of interest and exclusivity","Decide whether the engagement is exclusive within a defined competitive space and document it explicitly. Require the advisor to disclose any existing relationships with competitors before signing.","Ask the advisor to complete a conflicts disclosure schedule at signing — this creates a documented baseline if a conflict surfaces later.",{"step":371,"title":372,"description":373,"tip":374},7,"Set the term, notice period, and termination triggers","Choose an initial term (12 months is typical), set a mutual no-cause notice period of 30 days, and define what constitutes Cause for immediate termination — material breach, conviction of a crime, or willful misconduct.","Include an automatic renewal clause (e.g., renewing for successive 6-month periods unless either party gives 30 days' notice) to avoid the relationship lapsing without a formal renewal conversation.",{"step":376,"title":377,"description":378,"tip":379},8,"Execute before the advisor begins any work or receives any information","Both parties must sign before the advisor accesses confidential information, attends any meetings, or receives any equity grant. Post-engagement signatures raise enforceability concerns for IP assignment and confidentiality clauses.","Use a timestamped eSign platform and store the fully executed copy in a secure document vault so it is readily available for investor due diligence.",[381,385,389,393,397,401],{"mistake":382,"why_it_matters":383,"fix":384},"Undefined scope of services","Without a specific description of what the advisor is expected to deliver, there is no objective basis to determine whether they performed — making it impossible to withhold payment or terminate for non-performance.","List at least three to five concrete deliverables or activities (e.g., 'attend two board meetings per quarter,' 'make five qualified investor introductions per year') and include an estimated hours-per-month commitment.",{"mistake":386,"why_it_matters":387,"fix":388},"Granting fully vested equity at signing","An advisor who receives fully vested equity at signing has no financial incentive to remain engaged. The company has given away a permanent ownership stake with no performance obligation.","Structure all advisor equity with a vesting schedule — typically monthly vesting over 12–24 months — tied to the continuation of the advisory relationship.",{"mistake":390,"why_it_matters":391,"fix":392},"No conflict-of-interest disclosure requirement","Advisors frequently work across multiple companies in the same sector. Without a disclosure obligation, the company may share sensitive strategy with someone simultaneously advising a direct competitor.","Require the advisor to disclose all existing and future engagements with companies in the same space, and include a right to terminate if an undisclosed conflict is discovered.",{"mistake":394,"why_it_matters":395,"fix":396},"Signing after the advisor has already started advising","Confidential information shared before the agreement is executed may not be protected. IP created before signing may not be assigned. In common-law jurisdictions, post-start signatures require fresh consideration to be enforceable.","Execute the agreement before any meetings, information sharing, or introductions occur. If the relationship has already begun informally, document a new benefit — an equity top-up or retainer increase — as fresh consideration at signing.",{"mistake":398,"why_it_matters":399,"fix":400},"No independent contractor classification language","Without explicit classification, tax authorities in several jurisdictions may treat a highly engaged advisor as an employee — triggering payroll tax liability, benefit obligations, and employment law protections.","Include a clear independent contractor clause stating that the advisor is not an employee, is responsible for their own taxes, and receives no employment benefits.",{"mistake":402,"why_it_matters":403,"fix":404},"Omitting an entire-agreement clause","Without one, prior email exchanges, pitch decks, or verbal promises about equity or compensation can be introduced as contractual terms that override the written agreement.","Include a standard entire-agreement clause confirming the written document supersedes all prior representations, negotiations, and understandings between the parties.",[406,409,412,415,418,421,424,427,430],{"question":407,"answer":408},"What is a senior advisor agreement?","A senior advisor agreement is a legally binding contract between a company and an experienced individual engaged to provide strategic guidance, industry expertise, or high-value introductions on a non-employee basis. It defines the scope of services, time commitment, compensation (cash retainer, equity, or both), confidentiality obligations, IP ownership, and termination conditions. It creates enforceable obligations on both sides and replaces informal handshake arrangements as the governing document for the advisory relationship.\n",{"question":410,"answer":411},"What is the difference between a senior advisor agreement and a consulting agreement?","A consulting agreement typically governs a defined project or deliverable — a market study, a technical audit, a system implementation — with a clear end date and specific output. A senior advisor agreement governs an ongoing strategic relationship where the advisor provides periodic input, introductions, and guidance rather than a tangible work product. Advisor agreements also commonly include equity compensation, which consulting agreements rarely do. Use a consulting agreement when you need a specific deliverable; use an advisor agreement when you need sustained access to someone's expertise and network.\n",{"question":413,"answer":414},"How much equity should a senior advisor receive?","Industry norms vary by stage, advisor seniority, and time commitment. The FAST (Founder/Advisor Standard Template) framework offers a widely cited benchmark: 0.25% for an idea-stage startup with minimal time commitment, 0.5% for early stage, and up to 1% for companies with product in market where the advisor commits significant time. These percentages are typically structured as options vesting over 1–2 years. Advisors who take on more operational involvement — such as interim functional leadership — may negotiate higher grants.\n",{"question":416,"answer":417},"Does a senior advisor agreement need to be signed by both parties?","Yes. A senior advisor agreement is a bilateral contract — it creates obligations on both the company (to pay and grant equity) and the advisor (to perform services, maintain confidentiality, and assign IP). Both parties must sign before it is enforceable. Execution should occur before the advisor attends any meetings, receives confidential information, or has access to any equity grant documentation.\n",{"question":419,"answer":420},"Is a senior advisor an employee or an independent contractor?","A senior advisor is typically engaged as an independent contractor — not an employee. This means the company does not withhold payroll taxes, does not provide employment benefits, and the advisor is responsible for their own tax obligations. The agreement should state this classification explicitly. Be aware that tax authorities apply a substance-over-form test — if the advisor works exclusively for one company, follows a fixed schedule, and is managed in detail, they may be reclassified as an employee regardless of the contract language.\n",{"question":422,"answer":423},"What happens to unvested equity if the advisor is terminated?","Standard practice is that vesting ceases on the termination date and all unvested equity is forfeited. The agreement should state this explicitly. Some agreements include an acceleration provision — allowing some or all unvested equity to vest upon a change of control or termination without cause — but these terms are negotiated individually and are less common for advisors than for executives. Without explicit language, the default treatment under the governing equity plan controls.\n",{"question":425,"answer":426},"Can a senior advisor work for a competitor at the same time?","Only if the agreement permits it. Advisor agreements typically address this with either a non-exclusivity clause (the advisor may work with other companies, including competitors, unless the company objects) or a conflict-of-interest disclosure requirement paired with a consent mechanism. Full exclusivity is rarely appropriate for advisors given their independent contractor status. At minimum, require disclosure of any existing or new competitive engagements and retain the right to terminate if a material conflict arises.\n",{"question":428,"answer":429},"How long should a senior advisor agreement last?","An initial term of 12 months is the most common structure, with an option to renew for successive 6- or 12-month periods. This aligns with typical advisor vesting schedules and creates natural review points for both parties to assess whether the relationship is delivering value. Either party should be able to terminate without cause on 30 days' written notice, regardless of the remaining term, to prevent either side from being locked into an unproductive arrangement.\n",{"question":431,"answer":432},"Do I need a lawyer to draft a senior advisor agreement?","For straightforward advisor relationships at early-stage companies, a well-prepared template is usually sufficient. Engage a lawyer when the advisor will receive equity above 0.5%, when the advisor has access to highly sensitive IP or trade secrets, when the company operates in a regulated industry, or when cross-border tax treatment of equity is a concern. A 1–2 hour template review typically costs $300–$600 and is particularly worthwhile before any equity is granted.\n",[434,438,442,446,450,454],{"industry":435,"icon_asset_id":436,"specifics":437},"Technology / SaaS","industry-saas","Advisors commonly receive stock options tied to product milestones, provide technical architecture guidance, and make introductions to enterprise sales targets — IP assignment and conflict-of-interest clauses are critical in this sector.",{"industry":439,"icon_asset_id":440,"specifics":441},"Financial Services","industry-fintech","Regulatory expertise and licensing pathway guidance are primary advisor contributions; agreements must address any FINRA, FCA, or SEC considerations around equity compensation and the advisor's independent contractor status.",{"industry":443,"icon_asset_id":444,"specifics":445},"Healthcare / Life Sciences","industry-healthtech","Clinical advisors and KOLs (Key Opinion Leaders) must navigate HCP compliance rules including Sunshine Act disclosures in the US; agreements should address publication rights and conflict-of-interest restrictions explicitly.",{"industry":447,"icon_asset_id":448,"specifics":449},"Professional Services","industry-professional-services","Senior advisors often facilitate client introductions and referrals — non-solicitation clauses protecting both client relationships and staff are particularly important, as is clarity on whether referral fees apply.",{"industry":451,"icon_asset_id":452,"specifics":453},"Manufacturing","industry-manufacturing","Supply chain and operational advisors may access proprietary process designs and supplier relationships — trade secret protections and a robust IP assignment clause are essential.",{"industry":455,"icon_asset_id":456,"specifics":457},"Retail / E-commerce","industry-retail","Brand and growth advisors commonly provide channel-partnership introductions and merchandising strategy; agreements should address any revenue-share or commission arrangements alongside equity and retainer terms.",[459,461,464,466],{"vs":89,"vs_template_id":233,"summary":460},"An independent contractor agreement governs a defined project or deliverable — a website build, a market analysis, a software module — with a fixed scope, deadline, and fee. A senior advisor agreement governs an ongoing strategic relationship without a defined deliverable, typically including equity compensation and a vesting schedule. Use a contractor agreement when you need a specific output; use an advisor agreement when you need sustained access to expertise and a network over time.",{"vs":244,"vs_template_id":462,"summary":463},"consulting-agreement-D151","A consulting agreement is suitable for paid engagements where a professional delivers expertise or analysis in exchange for fees, often on a project or hourly basis. A senior advisor agreement adds equity compensation, a vesting schedule, and ongoing relationship governance. The key distinction is output versus relationship — consultants deliver work product; advisors provide strategic access and judgment.",{"vs":240,"vs_template_id":241,"summary":465},"An executive employment agreement creates a full employment relationship with salary, benefits, payroll tax withholding, and employment law protections. A senior advisor agreement creates an independent contractor relationship with no employment entitlements. Misclassifying an advisor as a contractor when they function like an executive can trigger significant tax and employment liability — if the person has operational authority or works exclusively for the company, an employment agreement is likely more appropriate.",{"vs":252,"vs_template_id":253,"summary":467},"An NDA covers only the obligation to keep information confidential and is appropriate before discussions begin. A senior advisor agreement contains a confidentiality clause but also governs compensation, equity, IP, scope, and termination — making it the complete governing document once the advisory relationship is established. Use an NDA for initial conversations; replace or supplement it with a senior advisor agreement when terms are agreed and the engagement begins.",{"use_template":469,"template_plus_review":473,"custom_drafted":477},{"best_for":470,"cost":471,"time":472},"Early-stage startups formalizing advisor relationships with standard equity grants and no complex IP or cross-border issues","Free","20–30 minutes",{"best_for":474,"cost":475,"time":476},"Companies granting equity above 0.5%, advisors with access to sensitive trade secrets, or engagements with regulatory implications","$300–$600","1–3 days",{"best_for":478,"cost":479,"time":480},"Senior advisors receiving significant equity packages, cross-border engagements with complex tax treatment, or regulated industries requiring bespoke compliance terms","$1,500–$4,000+","1–2 weeks",[482,487,492,497],{"code":483,"name":484,"flag_asset_id":485,"note":486},"us","United States","flag-us","Advisor equity grants are typically structured as stock options under an IRS Section 409A-compliant equity plan — a separate valuation (409A appraisal) is required to set the exercise price. Independent contractor classification is tested under the IRS 20-factor test and, in some states, the ABC test (California, Massachusetts). California also limits non-solicitation clauses and voids most post-engagement non-competes. State-specific trade secret laws supplement the federal Defend Trade Secrets Act.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"ca","Canada","flag-ca","Canada Revenue Agency applies a similar substance-over-form test to contractor classification — advisors with exclusive or quasi-exclusive engagements may be reclassified as employees regardless of contract language. Stock option grants are subject to the Income Tax Act, and the timing of taxation differs from US treatment. Non-solicitation clauses are generally enforceable if reasonable in scope and duration. Quebec agreements must be drafted in French for provincially regulated entities.",{"code":493,"name":494,"flag_asset_id":495,"note":496},"uk","United Kingdom","flag-uk","UK employment law recognizes three categories — employee, worker, and self-employed — and advisors are typically self-employed, but HMRC's IR35 rules can reclassify the relationship if the advisor operates through a personal service company. EMI (Enterprise Management Incentive) options are a tax-efficient equity structure for UK advisors and require HMRC advance assurance. Post-engagement confidentiality clauses are enforceable if they protect a legitimate business interest and are reasonable in duration.",{"code":498,"name":499,"flag_asset_id":500,"note":501},"eu","European Union","flag-eu","GDPR implications arise where the advisor accesses personal data of the company's customers or employees — a data processing addendum may be required alongside the advisor agreement. Equity compensation treatment varies significantly by member state, with France, Germany, and the Netherlands each having distinct rules on option taxation and reporting. Non-solicitation enforceability differs across member states — some require financial compensation to the advisor during any post-engagement restriction period.",[233,245,253,249,241,503,504,505,506,507,508,509],"job-offer-letter-long-D12769","llc-member-withrawal-agreement-D13273","service-agreement-D12711","partnership-agreement-D12551","letter-of-intent_acquisition-of-business-D5197","confidentiality-agreement-D950","intellectual-property-assignment-D5229",{"emit_how_to":194,"emit_defined_term":194},{"primary_folder":114,"secondary_folder":512,"document_type":513,"industry":514,"business_stage":515,"tags":516,"confidence":522},"services-and-consulting","agreement","general","all-stages",[517,518,519,520,521],"confidentiality","advisor-agreement","consulting-contract","equity-compensation","independent-contractor",0.95,"\u003Ch2>What is a Senior Advisor Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Senior Advisor Agreement\u003C/strong> is a legally binding contract between a company and an experienced individual engaged to provide ongoing strategic guidance, industry introductions, and subject-matter expertise on a non-employee basis. Unlike a consulting agreement tied to a specific deliverable, a senior advisor agreement governs a continuing relationship — one in which the advisor attends periodic meetings, makes high-value introductions, provides feedback on strategy or product, and lends credibility to the company in exchange for a cash retainer, equity compensation, or both. It creates enforceable obligations on both sides: the company must pay or grant equity as agreed, and the advisor must perform, maintain confidentiality, and assign any relevant IP they create.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Engaging a senior advisor without a written agreement exposes the company on four fronts simultaneously. Confidential strategy, financial projections, and customer data shared in good faith carry no legal protection until a signed confidentiality clause is in place. Equity granted informally — even by email — may not be enforceable under the company's equity plan, creating cap table ambiguity that derails investor due diligence. Without a defined vesting schedule, a fully vested grant handed to an advisor who disengages after a single meeting cannot be reclaimed. And without an IP assignment clause, materials, frameworks, or models the advisor creates may remain their property — a serious problem when the company scales or seeks acquisition. A properly executed senior advisor agreement, signed before the first meeting or information disclosure, closes all four gaps and gives both parties a clear, professional foundation for a productive long-term relationship.\u003C/p>\n",1778773579595]