North Carolina Key Employee Agreement
Description
How to fill out Key Employee Agreement?
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FAQ
A key employee is an employee with major ownership and/or decision-making role in the business. Key employees are usually highly compensated either monetarily or with benefits, or both. Key employees may also receive special benefits as an incentive both to join the company and to stay with the company.
A North Carolina employment contract is used by employers to establish the terms and conditions of employment for a new employee. An employment contract details an employee's responsibilities and duties as well as establishes what they will be compensated with in terms of benefits, income, and vacation time.
North Carolina is an at-will-employment state, which means that an employer may end the employment relationship at any time and for any reason as long as it is not an otherwise unlawful reason.
A "key" employee is a salaried eligible employee who is among the highest paid ten percent of employees within 75 miles of the work site. If a ?key? employee's leave is covered by both FMLA and CFRA or CFRA only, an employer may not refuse the employee's right to reinstatement.
Here are some steps you may use to guide you when you write an employment contract: Title the employment contract. ... Identify the parties. ... List the term and conditions. ... Outline the job responsibilities. ... Include compensation details. ... Use specific contract terms. ... Consult with an employment lawyer.
As defined in FMLA regulation 825.217, "A 'key employee' must be 'among the highest paid 10 percent' of all the employees?both salaried and non-salaried, eligible and ineligible?who are employed by the employer within 75 miles of the worksite.
