Time and Cause Employment Agreement

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Time and Cause Employment Agreement Powered By Docstoc
					This is an agreement between a company and an employee whereby the company hires
the employee for a particular duration. The agreement sets out the duties and
responsibilities of the employee in return for the specified compensation. In addition,
the agreement provides the termination procedure whereby the company may terminate
the employee prior to the expiration of the term in certain situations, including for cause.
This agreement should be used by small businesses or other entities that want to hire
an employee for a specific period of time while reserving the right to terminate the
employee for cause.
                TIME EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the “Agreement”) made as of the ___ day of
______________, 20___ [Instruction: Insert Date] (the “Effective Date”) by and
between ___________________ [Instruction: Insert Name of Employer] having its
principal place of business at _______________________ [Instruction: Insert Address]
(the “Employer”), and ____________________ [Instruction: Insert Name of
Employee], ______________ [Instruction: Insert Address] (the “Employee”).

WHEREAS the Employer desires to obtain the benefit of the services of the Employee;
and the 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. The       Employee      shall     be      employed       in  the capacity       of:
_____________________________ [Instruction: Insert Name of Position].                 The
essential job functions and duties of this position are as follows:

      i.  _____________________________              [Instruction:       Insert       job
functions/duties]

     ii.  _____________________________              [Instruction:       Insert       job
functions/duties]

    iii. _____________________________               [Instruction:       Insert       job
functions/duties]

    B. 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 the Employer.

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

    D. The Employee shall devote the Employee’s full time and attention to the affairs of
the Employer and shall honestly, diligently and faithfully serve the Employer and use the
Employee’s best efforts to promote the interests of the Employer.
2. TERM AND TERMINATION

    A. The term (“Term”) of this agreement shall commence upon the Effective Date and
shall terminate on ____________________ [Instruction: Insert Date], 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. The first ______ (__)[Instruction: Insert Duration] months of the Term, shall be
a probationary period, during which period the Employer shall be entitled to assess the
Employee’s performance and the Employee’s compatibility with the general operation of
the Employer’s business. If the Employer is not satisfied in any way with the
Employee’s performance or compatibility, in the Employer’s sole discretion, the
Employer may terminate this Agreement without any further obligation to the Employee.

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

      i.    by the Employee, at any time, for any reason, on the giving of ________
(___)[Instruction:       Insert       Duration]      [Instruction:     Choose       One:
days’//weeks’//months’] written notice to the Employer. The Employer may waive
notice, in whole or in part and if it does so, the Employee’s entitlement to remuneration
and benefits pursuant to this Agreement will cease on the date that Employer waives such
notice.

     ii.    by the Employer, in its absolute discretion, without any notice or pay in lieu
thereof, for cause. For the purposes of this Agreement, cause includes the following:

           (a) any material breach of the provisions of this Agreement;

          (b) any conduct of the Employee which as judged in the sole discretion of the
Employer, tends to bring the Employee or the Employer into disrepute;

           (c) conviction of the Employee of a criminal offence punishable by
				
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Description: This is an agreement between a company and an employee whereby the company hires the employee for a particular duration. The agreement sets out the duties and responsibilities of the employee in return for the specified compensation. In addition, the agreement provides the termination procedure whereby the company may terminate the employee prior to the expiration of the term in certain situations, including for cause. This agreement should be used by small businesses or other entities that want to hire an employee for a specific period of time while reserving the right to terminate the employee for cause.