executive employment agreement template

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executive employment agreement template

in the event of: (i) an involuntary termination of executive’s employment by the company for any reason other than cause, death or disability, or (ii) executive’s resignation for good reason, and if section 3 does not apply, executive shall be entitled to the benefits provided in subsection (b) of this section 2. (vii) with respect to any performance contingent stock units (“pcsus”) held by the executive that have not been released to the executive pursuant to the terms of the applicable performance contingent stock unit agreement (the “pcsu agreement”) as of the termination date shall be treated in accordance with the terms of the applicable pcsu agreement as an involuntary termination other than for cause. (vi) with respect to any pcsus held by the executive that have not been released to the executive pursuant to the terms of the applicable pcsu agreement as of the termination date shall be treated in accordance with the terms of the applicable pcsu agreement as a “change of control of the company” (as defined therein). (v) with respect to any prus held by the executive that have not been released to the executive pursuant to the terms of the applicable pru agreement as of the termination date shall be treated in accordance with the terms of the applicable pru agreement as a termination of employment by reason of total and permanent disability. (iv) with respect to any prus held by the executive that have not been released to the executive pursuant to the terms of the applicable pru agreement as of his death shall be treated in accordance with the terms of the applicable pru agreement as a termination of employment by reason of death.

notwithstanding any other provision of this subsection (b), if (i) there is a reduction in the payment of benefits as described in this subsection (b), (ii) the irs later determines that executive is liable for the excise tax, the payment of which would result in the maximization of executive’s net after-tax proceeds (calculated as if executive’s benefits had not previously been reduced), and (iii) executive pays the excise tax, then the company shall pay to executive those benefits which were reduced pursuant to this subsection (b) as soon as administratively possible after executive pays the excise tax, so that executive’s net after-tax proceeds with respect to the payment of benefits are maximized. this agreement will supersede the provisions of any employment, severance or other agreement between the executive and the company that relate to any matter that is also the subject of this agreement, and such provisions in such other agreements will be null and void. all reimbursements provided under this agreement shall be made or provided in accordance with the requirements of section 409a of the code, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during executive’s lifetime (or during a shorter period of time specified in this agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the taxable year following the year in which the expense is incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for another benefit. no provision of this agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the executive and the company. notwithstanding any provision of this agreement to the contrary, the parties’ respective rights and obligations under sections 2 and 3, will survive any termination or expiration of this agreement or the termination of the executive’s employment for any reason whatsoever. you acknowledge that (1) you have been, and hereby are, advised in writing to consult with an attorney prior to executing this agreement; (2) as consideration for executing this agreement, you have received additional benefits and compensation of value to which you would otherwise not be entitled, and (3) by signing this agreement, you will not waive rights or claims under the act which may arise after the execution of this agreement; and (4) you have twenty-one (21) calendar days within which to consider this agreement and in the event you sign the agreement prior to 21days, you do so voluntarily.

this employment agreement is entered into as of the date of the last signature affixed hereto, by and between abc company, inc., a virginia corporation (“abc”​ typical ceo employment agreement. president – chief executive officer. employment contract. this agreement is made and effective as of. whereas, in consideration of the executive’s employment with the (iv) individuals who, as of the date of the signing of this agreement, constitute the board of , executive employment agreement sec, executive employment agreement sec, chief executive officer employment agreement, executive employment agreement term sheet, ceo employment agreement pdf, ceo employment agreement pdf

executive employment agreement template format

generally, the terminating party has to notify the other in a particular manner, by letter for example, and once notice is given, the agreement continues for a predetermined period before ending. executives will be hands-on with virtually all of the most important business decisions and day-to-day operations of the company. [party b] shall use reasonable efforts to comply with all of [party a]’s bylaws, policies, and other corporate documentation. [party b] shall use reasonable efforts to comply with all of [party a]’s bylaws, policies, and other corporate documentation. the executive shall participate in long-term incentive plans including all stock option plans and other long-term incentive plans the company may adopt from time to time on a basis no less favorable than that provided to any other executive officer of the company. [party b] may select the times for its vacations, provided the dates selected do not materially interfere with [party b]’s performance of its duties and responsibilities under this agreement. [party b] shall keep receipts or other records of its expenses to submit to [party a] for reimbursement of its expenses. [party a] may withhold taxes from any amounts it pays to [party b] under this agreement, including federal, state and local taxes as may be required to be withheld under any applicable law. the parties are not under any restriction of obligation that may affect the performance of its obligations under this agreement. [party b] hereby agrees to assign to [party a], and hereby assigns to [party a], all of his or her interests and rights in or to any [party b] inventions. the parties hereby acknowledge their mutual intent that this agreement be administered and interpreted consistent with the requirements of the code, including section 409a of the code, the treasury regulations under the code, and to meet any applicable requirements under or exceptions from the code, including section 409a or the code, and the treasury regulations under the code. [party a] shall pay all costs the independent accountants may reasonably incur in connection with any calculations contemplated by this section [effect of 280g and parachute payments]. a receiving party may only use the confidential information according to the terms of this agreement[ and solely for the purpose]. [party b] may not disclose confidential information[, the existence of this agreement, the transaction, or the purpose] to any third party, except to the extent confidentiality obligations. during the period starting on the effective date and ending [non-solicitation period term] after the termination or expiration of this agreement (the “non-solicitation period”), neither party will directly or indirectly, on its own behalf or in the service or on behalf of others, in any capacity solicit or accept, or attempt to solicit or accept, the business of any customer, consultant, or patron of the other party. subject to paragraph [permitted hirings and business], during the period starting on the effective date and ending [non-solicitation period term] after the termination or expiration of this agreement (the “non-solicitation period”), [party b] will not directly or indirectly, on [party b]’s own behalf or in the service or on behalf of others, in any capacity voluntary contacts. except for the terms of section 3.2 (permitted investments), [party] ‘s obligations under this agreement extend to any actions carried out on his or her own behalf or on behalf of or in connection with any other person, directly or indirectly, in any capacity and in any part of the restricted territory.

following any expiration or termination of [party b]’s employment with [party a], on [party a]’s reasonable request [party b] shall cooperate with [party a] to  [party b]’s duty to assist in matters and litigation. [party a] may terminate this agreement with immediate effect for cause, by delivering notice of the termination to the other party. if [party b] becomes disabled, either party may terminate this agreement with immediate effect, by delivering notice of the termination to the other party. for purposes of this section [termination], [party b]’s act or failure to act will not be considered willful if it is done, or omitted to be done,  in good faith and with a reasonable belief that the action or omission was in [party a]’s best interests. [party b] shall execute all documents necessary for [party a] to enforce its rights under this paragraph [party a will subrogate rights of recovery]. “affiliate” of any person means, at the time the determination is made, any other person that, directly or indirectly, controls, is controlled by, or is under common control with that person. [party a] may assign this agreement or any of its rights or obligations under this agreement, by giving [party b] notice. [party a] may assign this agreement or any of its rights and obligations under this agreement, effective upon notice to [party b], in connection with any sale, transfer, or other disposition of all or substantially all of its business or assets but only if the assignee assumes all of [party a]’s obligations. if any part of this agreement is declared unenforceable or invalid, the remainder will continue to be valid and enforceable. this agreement shall be governed, construed, and enforced in accordance with the laws of the state of [governing law state], without regard to its conflict of laws rules. [party a] may unilaterally amend the agreement, or any exhibit, schedule, or appendix of the agreement, by giving notice to the other party subject to the following conditions. any interpretation of this agreement shall be made without regard to authorship or negotiation. if there is any inconsistency between the terms of this agreement and those in any schedule to this agreement or in any document entered into under this agreement, the terms of [this agreement/[specified agreements]] will prevail. any dispute or controversy arising out of this agreement will be settled exclusively by arbitration in [state], in accordance with the rules of the american arbitration association then in effect by [number of arbitrators] arbitrator(s). any controversy or claim arising out of this agreement will be settled by arbitration in accordance with the commercial arbitration rules of the american arbitration association, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction. any severance benefits received by [party b] under this agreement will be in lieu of any severance benefits he or she would otherwise be entitled to attorney fees. following any expiration or termination of [party b]’s employment with [party a], on [party a]’s reasonable request [party b] shall cooperate with [party a] to  [party b]’s duty to assist in matters and litigation.

executive employment agreement. this executive employment agreement is made on [agreement date] (the “effective date”) between [party a name][,​ example executive employment agreement. this template is not intended as legal advice. your organizational goals, purpose, values, and bylaws should drive executive employment agreement. this executive employment agreement (hereinafter referred to as the “agreement”) is made and effective this​ , ceo employment contract example, startup ceo employment agreement, coo employment contract, coo employment contract, negotiating an executive employment contract, executive employment agreement sec, chief executive officer employment agreement, executive employment agreement term sheet, ceo employment agreement pdf, ceo employment contract example, startup ceo employment agreement, coo employment contract, negotiating an executive employment contract

executive employment agreement template download

in the event of any conflict or ambiguity between the terms of this agreement and terms of employment applicable to regular employees, the terms of this agreement shall control. the determination of the adjusted net profits made by the independent accounting firm employed by the company shall be final and binding upon executive and company. executive shall be entitled to sick leave and emergency leave according to the regular policies and procedures of company.

b. this agreement and executive’s employment may be terminated by company at its discretion at any time after the initial term, provided that in such case, executive shall be paid [severance pay after initial term] of executive’s then applicable base salary. in event of termination of the agreement pursuant to this subsection, executive shall be paid only at the then applicable base salary rate up to and including the date of termination. this agreement shall be construed and enforced in accordance with the laws of the state of ________________. each party shall bear its own costs and expenses and an equal share of the arbitrator’s expenses and administrative fees of arbitration.