Employment Agreement
This Agreement made and entered into this __(1)__ day of
_________(2)_________, 20__(3)_, by and between
______(4)_______, of ________(5)__________, hereinafter
referred to as "employer", and ______(6)___________, of
_________(7)____________, hereinafter referred to as
"employee".
The parties recite that:
A. Employer is engaged in _________(8)___________ and
maintains business premises at _________(9)_____________.
B. Employee is willing to be employed by employer, and
employer is willing to employ employee, on the terms and
conditions hereinafter set forth.
For the reasons set forth above, and in consideration of the
mutual covenants and promises of the parties hereto, employer
and employee covenant and agree as follows:
1.AGREEMENT TO EMPLOY AND BE EMPLOYED
Employer hereby employs employee as _______(10)________ at the
above-mentioned premises, and employee hereby accepts and
agrees to such employment.
2. DESCRIPTION OF EMPLOYEE'S DUTIES
Subject to the supervision and pursuant to the orders, advice,
and direction of employer, employee shall perform such duties
as are customarily performed by one holding such position in
other businesses or enterprises of the same or similar nature
as that engaged in by employer. Employee shall additionally
render such other and unrelated services and duties as may be
assigned to him from time to time by employer.
3. MANNER OF PERFORMANCE OF EMPLOYEE'S DUTIES
Employee shall at all times faithfully, industriously, and to
the best of his ability, experience, and talent, perform all
duties that may be required of and from him pursuant to the
express and implicit terms hereof, to the reasonable
satisfaction of employer. Such duties shall be rendered at
the abovementioned premises and at such other place or places
as employer shall in good faith require or as the interests,
needs, business, and opportunities of employer shall require
or make advisable.
4. DURATION OF EMPLOYMENT
The term of employment shall be __(11)__ years, commencing on
_______(12)________, 20__(13)_, and terminating
_______(14)________, 20__(15)_, subject, however, to prior
termination as provided in Sections 8 and 9 hereof.
5. COMPENSATION; REIMBURSEMENT
Employer shall pay employee and employee agrees to accept from
employer, in full payment for employee's services hereunder,
compensation at the rate of ____(16)______ Dollars ($________)
per annum, payable ____(17)____. In addition to the foregoing,
employer will reimburse employee for any and all necessary,
customary, and usual expenses incurred by him while traveling
for and on behalf of the employer pursuant to employer's
directions.
6. EMPLOYEE'S LOYALTY TO EMPLOYER'S INTERESTS
Employee shall devote all of his time, attention, knowledge,
and skill solely and exclusively to the business and interests
of employer, and employer shall be entitled to all benefits,
emoluments, profits, or other issues arising from or incident
to any and all work, services, and advice of employee.
Employee expressly agrees that during the term hereof he will
not be interested, directly or indirectly, in any form,
fashion, or manner, as partner, officer, director,
stockholder, advisor, employee, or in any other form or
capacity, in any other business similar to employer's business
or any allied trade, except that nothing herein contained
shall be deemed to prevent or limit the right of employee to
invest any of his surplus funds in the capital stock or other
securities of any corporation whose stock or securities are
publicly owned or are regularly traded on any public exchange,
nor shall anything herein contained by deemed to prevent
employee from investing or limit employee's right to invest
his surplus funds in real estate.
7. NONDISCLOSURE OF INFORMATION CONCERNING BUSINESS
Employee will not at any time, in any fashion, form, or
manner, either directly or indirectly divulge, disclose, or
communicate to any person, firm, or corporation in any manner
whatsoever any information of any kind, nature, or description
concerning any matters affecting or relating to the business
of employer, including, without limitation, the names of any
its customers, the prices it obtains or has obtained, or at
which it sells or has sold its products, or any other
information concerning the business of employer, its manner of
operation, or its plans, processes, or other date of any kind,
nature, or description without regard to whether any or all of
the foregoing matters would be deemed confidential, material,
or important.
The parties hereby stipulate that, as between them, the
foregoing matters are important, material, and confidential,
and gravely affect the effective and successful conduct of the
business of employer, and its good will, and that any breach
of the terms of this section is a material breach of this
agreement.
8. OPTION TO TERMINATE ON PERMANENT DISABILITY OF EMPLOYEE
Notwithstanding anything in this agreement to the contrary,
employer is hereby given the option to terminate this
agreement in the event that during the term hereof employee
shall become permanently disabled, as the term "permanently
disabled" is hereinafter fixed and defined. Such option shall
be exercised by employer giving notice to employee by
registered mail, addressed to him in care of employer at the
above stated address, or at such other address as employee
shall designate in writing, of its intention to terminate this
agreement on the last day of the month during which such
notice is mailed. On the giving of such notice this agreement
and the term hereof shall cease and come to an end on the last
day of the month in which the notice is mailed, with the same
force and effect as if such last day of the month were the
date originally set forth as the termination date. For
purposes of this agreement, employee shall be deemed to have
become permanently disabled if, during any year of the term
hereof, because of ill health, physical or mental disability,
or for other causes beyond his control, he shall have been
continuously unable or unwilling or have failed to perform his
duties hereunder for thirty (30) consecutive days, or if,
during any year of the term hereof, he shall have been unable
or unwilling or have failed to perform his duties for a total
period of thirty (30) days, whether consecutive or not. For
the purposes hereof, the term "any year of the term hereof" is
defined to mean any period of 12 calendar months commencing on
the first day of _____(18)______ and terminating on the last
day of ____(19)_____ of the following year during the term
hereof.
9. DISCONTINUANCE OF BUSINESS AS TERMINATION OF EMPLOYMENT
Anything herein contained to the contrary notwithstanding, in
the event that employer shall discontinue operations at the
premises mentioned above, then this agreement shall cease and
terminate as of the last day of the month in which operations
cease with the same force and effect as if such last day of
the month were originally set forth as the termination date
hereof.
10. EMPLOYEE'S COMMITMENTS BINDING ON EMPLOYER ONLY ON WRITTEN
CONSENT
Employee shall not have the right to make any contracts or
other commitments for or on behalf of employer within the
written consent of employer.
11. CONTRACT TERMS TO BE EXCLUSIVE
This written agreement contains the sole and entire agreement
between the parties, and supersedes any and all other
agreements between them. The parties acknowledge and agree
that neither of them has made any representation with respect
to the subject matter of this agreement or any representations
inducing the execution and delivery hereof except such
representations as are specifically set forth herein, and each
party acknowledges that he or it has relied on his or its own
judgment in entering into the agreement. The parties further
acknowledge that any statements or representations that may
have heretofore been made by either of them to the other are
void and of no effect and that neither of them has relied
thereon in connection with his or its dealings with the other.
12. WAIVER OR MODIFICATION INEFFECTIVE UNLESS IN WRITING
No waiver or modification of this agreement or of any
covenant, condition, or limitation herein contained shall be
valid unless in writing and duly executed by the party to be
charged therewith. Furthermore, no evidence of any waiver or
modification shall be offered or received in evidence in any
proceeding, arbitration, or litigation between the parties
arising out of or affecting this agreement, or the rights or
obligations of any party hereunder, unless such waiver or
modification is in writing, duly executed as aforesaid. The
provisions of this paragraph may not be waived except as
herein set forth.
13. CONTRACT GOVERNED BY LAW
This agreement and performance hereunder and all suits and
special proceedings hereunder shall be construed in accordance
with the laws of the State of _______(20)_______.
14. BINDING EFFECT OF AGREEMENT
This agreement shall be binding on and inure to the benefit of
the respective parties and their respective heirs, legal
representatives, successors, and assigns.
Executed on the date first above written.
"Employer"
____________(21)_______________
"Employee"
____________(22)_______________
Notice
The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.
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