Manager Employment Agreement

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Manager Employment Agreement Powered By Docstoc
					This is an employment agreement between an employer and a manager level
employee. The agreement provides a multi-year term with escalating salary per year.
The agreement also provides severance if fired without cause, benefits, and vacation
pay. It includes non-compete, non-solicitation, and confidentiality clauses. This
document contains numerous standard clauses commonly used in these types of
agreements as well as optional language to allow for customization to fit the needs of
the employer.
                               EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”) made as of ___________
[Instruction: Insert Date], by and between ___________ [Instruction: Insert Name of
Employer], ___________ [Instruction: Insert Address] (“Employer”), and ___________
[Instruction: Insert Name of Employee], ___________ [Instruction: Insert Address]
(“Employee”).

WHEREAS, Employer desires to obtain the benefit of the services of Employee; and Employee
desires to render such services on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the promises and other good and valuable
consideration set forth, the parties agree as follows:

1. Employment.

    A. Employee shall be employed in the capacity of: ___________ [Instruction: Insert Name
of Position]. Employee shall also perform such other duties in the ordinary course of business
as performed by other persons in similar such positions, as well as such other reasonable duties
as may be assigned from time to time by Employer.

    B. Employee, throughout the term of Employee’s appointment, shall devote Employee’s full
time and attention to the business and affairs of Employer and shall not, without the consent in
writing of Employer, undertake any other business or occupation or become a director, officer,
employee or agent of any other company, firm or individual.

    C. Employee shall devote Employee’s full time and attention to the affairs of Employer and
shall honestly, diligently and faithfully serve Employer and use Employee’s best efforts to
promote the interests of Employer.

2. Term and Termination.

    A. The term (“Term”) of this agreement shall commence upon the date hereof and shall
continue for ___________ (__) [Instruction: Insert Duration] years, subject to the rights of the
parties hereto to terminate this Agreement at an earlier date in accordance with the provisions of
this paragraph.

    B. Notwithstanding anything to the contrary contained herein, the parties understand and
agree that employment pursuant to this Agreement may be terminated by Employer in the
following manner in the specified circumstances:

      i.   For cause, without any notice or pay in lieu thereof. For the purposes of this
Agreement, cause includes the following: (a) any material breach of the provisions of this
Agreement; (b) any conduct of Employee which, as judged in the sole discretion of Employer,
tends to bring Employee or Employer into disrepute; (c) conviction of Employee of a criminal
offence punishable by indictment, where such cause is not prohibited by law; and (d) any and all
omissions, commissions or other conduct which would constitute cause at law, in addition to the
specified causes.

     ii. Without cause, on giving Employee ___________ (__) [Instruction: Insert
Duration] days’ advance notice in writing. Upon termination without cause by Employer,
Employee shall be entitled to cash compensation equal to the Salary (as defined in paragraph 3
hereof) of Employee for a period of ___________ (__) [Instruction: Insert Duration] months
from the date of termination. All such cash compensation shall be paid to Employee on a bi-
monthly basis.

     iii. By reason of a mental or physical condition (an “Incapacity”) causing Employee to be
unable to perform Employee’s duties hereunder, in the reasonable discretion of Employer, and
such Incapacity shall continue for a period of more than ___________ (__) [Instruction: Insert
Duration] consecutive or non-consecutive days within any one (1) year period, Employer shall
thereafter have the right, on not less than ___________ (__) [Instruction: Insert Duration]
days’ written notice to Employee, to terminate this Agreement and Employee’s employment. In
such case, Employee shall have no claim for wages or damages against Employer, except for the
payment of Employee’s full salary through the date of termination.

3. Compensation.

    A. As full compensation for all services provided for herein, Employer shall pay Employee a
salary, at the annual rates set forth below (the “Salary”), to be paid in regular installments in
accordance with Employer’s usual payment practices, but not less frequently than bi-monthly.
Such payments shall be subject to such deductions by Employer as Employer is from time to
time required to make pursuant to law, government regulation or order or by Agreement with, or
consent of, Employee.

   YEAR OF TERM                SALARY
   Year 1                      ___________ Dollars ($______) [Instruction: Insert Amount]
   Year 2                      ___________ Dollars ($______) [Instruction: Insert Amount]
   Year 3                      ___________ Dollars ($______) [Instruction: Insert Amount]

4. Benefits.

    A. It is understood and agreed that Employee will incur expenses in connection with
Employee’s duties under this Agreement. Employer will reimburse Employee for any
reasonable, actual and documented expenses, provided that Employ
				
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Description: This is an employment agreement between an employer and a manager level employee. The agreement provides a multi-year term with escalating salary per year. The agreement also provides severance if fired without cause, benefits, and vacation pay. It includes non-compete, non-solicitation, and confidentiality clauses. This document contains numerous standard clauses commonly used in these types of agreements as well as optional language to allow for customization to fit the needs of the employer.
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