Key employee examples are the chief executive officer (CEO), chief operating officer (COO), sales managers, innovators, such as the heads of research and development, and specialists, such as data scientists, quants, or lawyers.
Key Employee agrees to serve Employer faithfully and to the best of Key Employee's ability and to devote Key Employee's full time, attention and efforts to the business and affairs of Employer during the term of Key Employee's employment.
Key-holder Agreement Form The key provided is not to be loaned or otherwise to leave the care of the keyholder named above. Under no circumstances is the key to be duplicated. Loss of the key is to be reported immediately to registered manager within PICO. The keyholder will be responsible for the security of the key.
An employment agreement is one of the many documents that a new employee might review and sign when hired for a new role. These contracts often include vital information about their employment and determine what a person might expect from a company.
Key employee determination Key employees are defined as the following: 5% owners (own more than 5%) 1% owners (own more than 1%) with salary in excess of $150,000. Officers with annual salary in excess of $130,000, as indexed ($220,000 for 2024)