Alaska Executive Employment Agreement with exhibit
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How to fill out Executive Employment Agreement With Exhibit?
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FAQ
At-Will Defined At-will means that an employer can terminate an employee at any time for any reason, except an illegal one, or for no reason without incurring legal liability. Likewise, an employee is free to leave a job at any time for any or no reason with no adverse legal consequences.
We find much evidence that CEOs are not generally at-will employees. First, with respect to termination provisions, we find that CEOs overwhelmingly contract around the at-will default standard of termination. Of 375 contracts in our sample, only twenty-five expressly declare the contract to be at-will.
If you are properly classified as an ?executive employee? then you are an exempt employee and your employer does have to pay you overtime. Not surprisingly, employers often call workers ?executive employees? to avoid paying them overtime, even when the law does not permit them to do so.
A CEO may be a director-level employee, although most companies' CEOs are on a higher tier employment level than directors.
If a college president or any other senior executive can be fired without Cause, their employment is effectively ?at will.?
Sections Execute an Employment Agreement for Every Executive. Specify Compensation Terms and Conditions Clearly. State Termination and Severance Conditions. Protect Your Intellectual Property. Focus on Writing With Clarity and Simplicity.
Jim McCarley serves as chief executive officer, overseeing the entire organization as it executes its industry leading expansion of connectivity to all Alaskans.
Term. Often, the initial term of a CEO contract is between two and five years. A key factor to consider is the variety of ways in which the term can end before the contract expires. The term and termination provisions are intimately intertwined and need to be coordinated.