EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made on [Date],
BETWEEN:
[Company Name], a company incorporated under the laws of [State/Country], with its principal office at [Company Address] (“Company”),
AND
[Executive Name], residing at [Executive Address] (“Executive”).
RECITALS
WHEREAS, the Company desires to employ the Executive in the position of [Position Title]; and
WHEREAS, the Executive desires to accept such employment under the terms and conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties agree as follows:
1. POSITION AND DUTIES
1.1 The Company hereby employs the Executive as [Position Title].
1.2 The Executive shall perform the duties and responsibilities as set forth in [Job Description/Exhibit], and such other duties as may reasonably be assigned by the Company from time to time.
1.3 The Executive agrees to devote full working time, attention, and best efforts to the business and affairs of the Company.
2. TERM OF EMPLOYMENT
2.1 The employment shall commence on [Start Date] (“Effective Date”) and shall continue [for a period of [Number] years/until terminated in accordance with this Agreement].
3. COMPENSATION AND BENEFITS
3.1 Base Salary: The Company shall pay the Executive a base salary of [Base Salary Amount] per [year/month], payable in accordance with the Company’s normal payroll practices.
3.2 Bonus: The Executive may be eligible for an annual bonus of up to [Bonus Amount/Percentage], subject to the terms of the Company’s bonus policy and the achievement of performance targets.
3.3 Benefits: The Executive shall be eligible to participate in the Company’s benefit plans, including [health insurance, retirement plans, vacation, etc.], subject to the terms of such plans.
3.4 Expenses: The Company shall reimburse the Executive for all reasonable and necessary business expenses incurred in the performance of duties, in accordance with Company policy.
4. CONFIDENTIALITY
4.1 The Executive agrees to maintain the confidentiality of all proprietary, confidential, or trade secret information belonging to the Company, both during and after employment.
4.2 The Executive shall not disclose or use any such information except as required to perform duties for the Company.
5. NON-COMPETITION AND NON-SOLICITATION
5.1 Non-Competition: During employment and for [Non-Compete Period, e.g., 12 months] following termination, the Executive shall not directly or indirectly engage in any business that competes with the Company within [Geographic Area].
5.2 Non-Solicitation: During employment and for [Non-Solicit Period, e.g., 12 months] following termination, the Executive shall not solicit or attempt to solicit any employees, clients, or customers of the Company.
6. TERMINATION
6.1 Termination by Company: The Company may terminate this Agreement [with/without] cause by providing [Notice Period Days] days’ written notice to the Executive.
6.2 Termination by Executive: The Executive may terminate this Agreement by providing [Notice Period Days] days’ written notice to the Company.
6.3 Severance: Upon termination [with/without] cause, the Executive shall be entitled to [severance details, if any].
6.4 Upon termination, the Executive shall promptly return all Company property.
7. INTELLECTUAL PROPERTY
7.1 Any inventions, discoveries, developments, or works created by the Executive in the course of employment shall be the sole property of the Company.
8. REPRESENTATIONS AND WARRANTIES
8.1 The Executive represents that acceptance of this position and performance of duties will not violate any existing agreements or obligations.
9. MISCELLANEOUS
9.1 Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements or understandings.
9.2 Amendment: Any amendment must be in writing and signed by both parties.
9.3 Notices: Any notice required under this Agreement shall be given in writing to the addresses set out above.
9.4 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Governing Law State/Country].
9.5 Severability: If any provision is found invalid, the remainder shall continue in effect.
9.6 Waiver: Failure to enforce any provision shall not constitute a waiver.
10. DISCLAIMER
This document is a template and may not be suitable for all situations. The parties should consult with legal counsel before signing this agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
[Company Name]
By: ___________________________
Name: [Name]
Title: [Title]
Date: [Date]
[Executive Name]
Signature: ______________________
Date: [Date]
