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the company hereby employs executive, and executive agrees to serve, as [job title] during the term of employment (as defined in section 2 below). [all vacation must be used by december 31 of each year of the term of employment at which time any unused vacation will expire and executive will no longer be entitled to such unused vacation time. executive agrees that if any such limitation is determined in arbitration or by a court of competent jurisdiction to be unenforceable, executive agrees and submits to the reduction of such limitation as the court or arbitrator(s) deem reasonable. the term of employment shall be for the period provided in section 2, unless employment and this agreement is terminated earlier in accordance with the provisions of this section.
[(iii) in the event executive’s employment is terminated by company by reason of executive’s death or disability, all compensation and rights to benefits from company pursuant to this agreement shall cease on the date of such death or termination, as the case may be; provided that, executive shall be entitled to all compensation and benefits as may have already accrued as of such date or as expressly provided in plans in which executive participated at such date or by law. this agreement contains the entire agreement between the parties with respect to executive’s employment by company and the subject matter of this agreement. counsel should be contacted to make sure the agreement complies with applicable law and is otherwise enforceable, including whether the provision is reasonable in terms of scope and duration, and to get assistance with drafting a provision that will likely be enforced by the courts. the description impacts both parties’ ability to terminate the agreement, and should be specific enough for the parties to understand the intended functions and roles of the executive, and general enough to allow for changes to the company or its business that may occur during the term.
this sample courtesy of the law firm of ray & isler, vienna va. this employment agreement is entered into as of the date of the last signature affixed this executive employment agreement (“agreement”) is made between the. organization name, an alaska nonprofit corporation (hereinafter “. ” or the “employer”) the company desires to employ executive on a full-time basis and the executive desires to be so employed, subject to the terms and conditions set forth in this, executive employment agreement pdf, executive employment agreement pdf, negotiating an executive employment contract, executive employment agreement checklist, executive employment agreement sec.
an agreement specifying the terms and conditions of an executive’s employment to be executed by both the employer and the executive. this standard document this employee contract template is meant to serve as a guide for company executives; it includes provisions for compensation and benefits, non-compete and contract length. most executive employment contracts are for a specified term: one, two, three, or more years. but it is important to know whether your, vice president employment agreement, c-suite employment contracts, startup ceo employment agreement template, employment agreement template word, ceo terms and conditions, 5 year employment contract, executive contract meaning, guaranteed employment contract, nonprofit employment contract template, ceo contract template uk.
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