THIS AGREEMENT made as of the ______day of__________________, 20__ , between [Employer Name] a corporation incorporated under the laws of [State of Incorporation] and having its principal place of business at [PPB Location] (the "Employer"); and [Employee Name], of [City, State] (the "Employee").
WHEREAS the Employer desires to obtain the benefit of the services of the Employee, and the Employee desires to render such services on the terms and conditions set forth.
IN CONSIDERATION of the promises and other good and valuable consideration, the parties agree as follows:
The Employee agrees that he will at all times faithfully, industriously, and to the best of his skill, experience and talents, perform all of the duties required of his position. In carrying out these duties and responsibilities, the Employee shall comply with all Employer policies, procedures, rules and regulations, both written and oral, as are announced by the Employer from time to time. It is also understood and agreed to by the Employee that his assignment, duties and responsibilities and reporting arrangements may be changed by the Employer in its sole discretion without causing termination of this agreement.
2. Position Title
As a [Job Title], the Employee is required to perform all of [his/her] necessary job functions and duties, and all other duties that may be assigned to Employee from time to time by Employer.
As full compensation for all services provided the employee shall be paid at the rate of ____. Such payments shall be subject to such normal statutory deductions by the Employer.
The Employer shall at its expense provide the Employee with [health, dental, vision, disability, etc.] and other insurance benefits after ____ days of employment.
5. Stock Options
[Refer to provisions in your Employee Handbook or other documents that outline payments of these benefits].
The Employee shall be entitled to vacations in the amount of ____ weeks per annum.
6. Probation Period
It is understood and agreed that the first _____ days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.
Employee’s employment is “at will.” This is defined as permitting either party to terminate the Agreement for any reason with or without cause. The Employee may at any time terminate this agreement and his employment by giving not less than two weeks written notice to the Employer. The employee agrees to return any property of [Employer] at the time of termination.
8. Non-Competition Covenant
It is agreed that following termination of the employee’s employment with [Employer] or any reason the employee shall not hire or attempt to hire any current employees of [Employer]. It is further acknowledged and agreed that following termination of the employee’s employment with [Employer] for any reason the employee shall not solicit business from current clients or clients who have retained [Employer] in the ___ month period immediately preceding the employee’s termination.
This agreement contains the entire agreement between the parties, superseding in all respects any and all prior oral or written agreements or understandings pertaining to the employment of the Employee by the Employer and shall be amended or modified only by written instrument signed by both of the parties hereto.
10. Severability of Agreement
The parties hereto agree that in the event any article or part thereof of this agreement is held to be unenforceable or invalid then said article or part shall be struck and all remaining provision shall remain in full force and effect.
11. Choice of Law
This agreement shall be governed, interpreted, and construed in accordance with the laws of the State of [Governing State].
IN WITNESS WHEREOF the Employer has caused this agreement to be executed by its duly authorized officers and the Employee has set his hand as of the date first above written.
SIGNED, SEALED AND DELIVERED in the presence of:
[Name of Employee]
[Signature of Employee]
[Name of Employer Rep]
[Signature of Employer Rep]
This form has been prepared for general informational purposes only. It does not constitute legal advice, advertising, a solicitation, or tax advice. Transmission of this form and the information contained herein is not intended to create, and receipt thereof does not constitute formation of, an attorney-client relationship. You should not rely upon this document or information for any purpose without seeking legal advice from an appropriately licensed attorney, including without limitation to review and provide advice on the terms of this form, the appropriate approvals required in connection with the transactions contemplated by this form, and any securities law and other legal issues contemplated by this form or the transactions contemplated by this form.
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