Retention Agreement between Dialdata S.A. Internet Systems and Antonio Alberto Valente Tavares
What is this form?
The Retention Agreement between Dialdata S.A. Internet Systems and Antonio Alberto Valente Tavares is a legal document formalizing the agreement for engagement of Mr. Tavares as the Chief Executive Officer of Dialdata. This agreement outlines the responsibilities, compensation, and terms of employment for the officer. Unlike other employment agreements, this form specifically addresses aspects such as non-competition and confidentiality relevant to the CEO's role within the company.
Key components of this form
- Identification of the parties: Dialdata S.A. as the retainer and Antonio Alberto Valente Tavares as the officer.
- Duration of the retainment: A two-year term with conditions for renewal.
- Compensation details: Specifies annual salary, payment schedule, and potential bonuses.
- Non-compete clause: Restrictions on competing activities during and after employment.
- Confidentiality obligations: Requirement to protect trade secrets and confidential information.
- Governing law: Specifies which courts have jurisdiction for any disputes arising under the agreement.
Situations where this form applies
This form should be used when a corporation, such as Dialdata S.A., wishes to formally hire a Chief Executive Officer. It is particularly important in situations where the company wants to clarify the executive's role, responsibilities, compensation structure, and any confidentiality or non-compete obligations that may arise. This agreement is also vital to protect the company's proprietary information and business strategies from potential competition.
Intended users of this form
- Corporations seeking to formalize the employment of their Chief Executive Officer.
- Business owners looking to define the terms of an executive's role and responsibilities.
- Organizations needing to protect their trade secrets and confidential business information by including non-competition and confidentiality clauses.
- Legal and human resources professionals involved in drafting executive agreements.
How to complete this form
- Identify the parties involved, including full names and addresses of Dialdata S.A. and Antonio Alberto Valente Tavares.
- Specify the start date of the agreement and the duration of the retainment, including renewal terms.
- Enter the details of the compensation, including the salary and frequency of payment.
- Include terms regarding confidentiality and non-competition obligations, ensuring clarity on the officerâs duties.
- Sign and date the agreement to cement its validity and legal standing.
Does this form need to be notarized?
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to specify the duration of the agreement or conditions for renewal.
- Omitting details about compensation or potential bonuses.
- Neglecting to include confidentiality provisions or clear definitions of proprietary information.
- Not specifying the governing law or jurisdiction for dispute resolution.
- Overlooking the need for signatures from all parties and witnesses, if necessary.
Benefits of using this form online
- Convenience of downloading the agreement instantly and customizing it to fit specific needs.
- Easier editing and updating compared to traditional paper formats.
- Access to legal forms drafted by licensed attorneys, ensuring compliance with relevant laws.
- Secure storage and easier retrieval of documents when needed.
- Time-saving, as the form can be completed and signed online without the need for in-person meetings.
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FAQ
The average retention bonus is between 10-15% of an employee's base income, but the amount can go up to 25%.
Reduced Turnover Hassle. Improved Morale. Reduced Acquisition and Training Time. Dedicated Company Experts. Increased Overall Productivity. Better Customer Experience. Reduced Costs.
Retention payments are a percentage of milestone payments owed to a subcontractor or vendor. They are withheld pending full practical completion and resolution of any defects. Many project owners or end clients also hold retention payments from monies due to the head contractor at the agreed project milestones.
You can ask for time to consider the offer, and then come back with your requests. You might negotiate for more money, a shorter retention period, a change in when the bonus is paid, or you might even request to forgo the retention bonus and request a pay raise instead.