Tennessee Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer

State:
Multi-State
Control #:
US-EG-9109
Format:
Word; 
Rich Text
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Description

Employment Agreement between MachOne Communications, Inc. and Peter Olson as Chief Technical Officer dated January 1, 1998. 5 pages
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  • Preview Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer
  • Preview Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer
  • Preview Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer
  • Preview Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer

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FAQ

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.

A term of three years is most common in our experience, but longer or shorter terms are possible. Five-year contracts also occur with some frequency, especially among chief executives renewing their contracts. Contracts often will have an option to renew the contract on mutual agreement of the parties.

An employment contract should include: Terms of employment: Duration, job role, responsibilities, and probationary period. Compensation and benefits: Salary, bonuses, benefits, and any other allowances. Termination clauses: Grounds for termination, notice periods, and severance pay. Employment contract template - Workable resources workable.com ? employment-contract-te... workable.com ? employment-contract-te...

Negotiable contract terms include executive compensation, bonus structure, stock, options or long term incentives, relocation, tax gross-ups, severance terms and triggers and other key terms. These are all important issues, worth your time and consideration.

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. Agreement vs. Contract: What's the Difference? - Ironclad ironcladapp.com ? journal ? contracts ? agreemen... ironcladapp.com ? journal ? contracts ? agreemen...

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. Best Practices for Association CEO Employment Contracts asaecenter.org ? articles ? an_plus ? march asaecenter.org ? articles ? an_plus ? march

The Board may at its discretion terminate the CEO's duties as Chief Executive Officer. Such action shall require a majority of vote of the entire Board and become effective upon written notice to the CEO or at such later time as may be specified in said notice.

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. Employee agreement guide | .com ? articles ? employee-agree... .com ? articles ? employee-agree...

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Tennessee Sample Employment Agreement between MachOne Communications, Inc. and Chief Technical Officer