Form Overview
The Employment Agreement for the employee/shareholder documents the employment relationship of a founding shareholder responsible for the original development of the technology used by the enterprise. The scope of employment documents employee responsibilities for participating as a member of the Board and as an officer of the corporation. Software marketing and development responsibilities are also referenced. Termination of employment by the employer requires ninety-day notice and payment of a fixed sum as termination pay. The agreement also documents salary and bonus determinations, as well as standard noncompete and employee pirating terms. The agreement documents the conveyance of all intellectual property rights incidental to a particular asset (e.g. software) to employer. This conveyance or title transfer includes all further enhancements and modifications to the asset. A "grant-back" license to use the asset is given to the employee in the event the employment agreement is terminated. You can find answers to your questions using our extensive library of
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