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-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.
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)
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.
How to write a contract agreement in 7 steps. Determine the type of contract required. Confirm the necessary parties. Choose someone to draft the contract. Write the contract with the proper formatting. Review the written contract with a lawyer. Send the contract agreement for review or revisions.