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5 Key Considerations When Negotiating an Executive Employment AgreementProtect the Company's Confidential Information and Property.Restrictive Covenants Are Important, But Should Not Overreach.Set Clear Grounds and Procedures for Termination of the Agreement.More items...?09-Mar-2016
Executive Employment Agreements These agreements typically include the duration (or Term) of employment; the executive's compensation (including incentives or bonuses), benefits, and equity arrangements; and the duties and responsibilities of the executive and employer.
More specifically, an employment contract can include: Salary or wages: Contracts will itemize the salary, wage, or commission that has been agreed upon. Schedule: In some cases, an employment contract will include the days and hours an employee is expected to work.
Key Employee Agreement means an agreement entered into between the Company (or an Affiliate) and a Participant that protects confidential information and sets forth other terms and conditions of employment with the Company (or an Affiliate).
An executive's employment agreement typically will set an effective date and state that the initial term of employment will be for a period of years subject to earlier termination under other provisions of the agreement.