Form Overview
The Employer Agreement for corporate officers establishes a framework favoring employer control of the employment relationship. The scope of employment authority is defined as President and Chief Executive Officer with reference to by-laws and resolutions adopted by the Board of Directors from time to time. The agreement documents an obligation of strict compliance with the directives and guidelines of the Board. Outside business interests require the prior written approval of the Board. Employee resignation requires thirty-day notice, while employer resignation requires five days notice. The employer has the right to terminate for cause in the event of misconduct, breach, conviction or business damage. Severance pay is precluded in the event of cancellation. The agreement references documentation agreeing to the employment by prior employer. In addition to terms addressing salary, expense reimbursement and paid leave, the agreement documents employee's right to sit on the Board, relocation expenses, and automobile expenses. All intellectual property rights belong to employer. The agreement also documents employee's obligation to honor client confidentiality, and to avoid future business dealings involving a potential conflict of interest. You can find answers to your questions using our extensive library of
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