Form Overview
The standard Employment Agreement favoring the corporate officer defines the rights of the employee as chief operating officer of the corporation. The scope of authority references the by-laws of the corporation. Employee termination requires fourteen days notice with opportunity to cure. Employer termination requires thirty days notice. Compensation amounts and schedules are defined with particularity, including a bonus as set forth in an attached exhibit (included). General benefits and expense reimbursement policies are also set forth with particularity. The agreement also includes terms related to severance. The agreement does not reference or expand employer's intellectual property rights, relying instead on standard provisions under the law. Noncompete and customer solicitation restrictions are limited to the employment term and do not survive termination or cancellation. You can find answers to your questions using our extensive library of
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