Hawaii Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary
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How to fill out Sample Employment Agreement Between Telocity, Inc. And Executive Vice President Chief Administrative Officer And Corporate Secretary?
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FAQ
Understanding the differences between offer letters and employment contracts is vital for employers and employees alike. Offer letters serve as the initial job offer, providing essential details about the employment terms, while employment contracts establish a more comprehensive and legally binding agreement.
An executive employment agreement is a legal contract between an employer and an executive that outlines the terms of their working relationship. These agreements include information about salary, benefits, stock options or awards, vacation time allotment and more.
Key Considerations for Executives Negotiating Employment Agreements Make sure the compensation is clear. ... Understand how the relationship can be ended. ... Severance is beneficial for both sides; know what triggers it. ... Be aware of non-competes. ... Be careful when relying on other promises.
Recitals. The ?whereas? clauses, referred to as recitals, define the world of the agreement and offer key background information about the Parties. In this Agreement, this section includes a simple statement of the Parties' intent to enter an employment relationship.
An agreement can be informal or it may be written; a contract may be verbal or written, but a contract will always be enforceable if it contains certain requirements. Modern contract management software takes an agreement and puts in the legal requirements that formally turn an agreement into a contract.
A contract of employment (or employment contract) is an agreement or term of hire that is extended from an employer to an employee to set the terms and conditions of their employment. While usually a written document, these agreements can also be verbal.
The term cause has no uniform definition. However, agreements typically define it as ?willful or gross misconduct, moral turpitude, failure to perform duties, or breach of fiduciary duty.? Less frequently, sexual harassment, substance abuse or incompetence are specifically included as grounds for termination for cause.
The term ?Termination for Cause? shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...