This form is a generic sample of an employment agreement whereby a company employs an employee as a purchasing officer, subject to the direction and control of the officers and board of directors of the company.
Contract of Employment with Purchasing Officer Agreement made on the (date), between (Name of Employee) of (street address, city, county, state, zip code), referred to herein as Employee, and (Name of Employer), a corporation organized and existing under the laws of the State of (name of state), with its principal office located at (street address, city, county, state, zip code), referred to herein as Company. I. Employment and Duties. Company employs the Employee as a purchasing officer of the Company. Employee accepts this employment and agrees to devote his full time, full attention and best efforts to performance of his duties, which shall include such additional duties as the officers or board of directors may from time to time assign to him. Employee shall perform all his duties in a manner satisfactory to the officers and board of directors. Employee shall obey all policy, rules and orders of the Company set by the officers and board of directors. II. Term. The term of this Agreement shall be for one year beginning (commencement date), and ending (termination date); but subsequently shall automatically continue from month to month unless either party gives written notice to the other party that it shall expire on that date. III. Compensation A. Company shall pay to the Employee $_________ per month as compensation for his services, said amount to be paid on the last day of each month. B. Employee shall be entitled to fringe benefits as may be provided from time to time by Company to other key staff employees occupying similar positions. IV. Vacation and Days Off. Employee shall be entitled to take a maximum of (number) week’s vacation during the term of this Agreement, such vacation time to be taken at times determined in the manner most convenient to the business of Company. Such maximum vacation time may be extended with the approval, and in the sole discretion, of the board of directors of the Company. V. Death or Disability A. Death. All rights of the Employee under this Agreement shall terminate upon his death (other than rights accrued prior to death). Company shall pay to the estate of the Employee such compensation as would otherwise have been payable to the Employee up to the end of the month in which his death occurs. Company shall have no additional financial obligation under this Agreement to the Employee or his estate. B. Disability. 1. During any period of disability, illness or incapacity during the term of this Agreement which renders Employee at least temporarily unable to perform the services required under this Agreement, the Employee shall receive the compensation payable under Section III, Paragraph A, of this Agreement, less any benefits received by him under any insurance carried by or provided by the Company. All rights of the Employee under this Agreement (other than rights already accrued) shall terminate as provided below upon the Employee's permanent disability (as defined below). 2. The term permanent disability as used in this Agreement shall mean the inability of the Employee, as determined by the board of directors of the Company, by reason of physical or mental disability, to perform the duties required of him under this Agreement for a period of (number) days during the term of this Agreement. Successive periods of disability, illness or incapacity will be considered separate periods unless the latter period of disability, illness or incapacity is due to the same or related cause and commences less than (number) months from the ending of the previous period of disability. Upon such determination, the board of directors may terminate the Employee's employment under this Agreement upon (number) days' prior written notice. If any determination of the board of directors with respect to permanent disability is disputed by the Employee, the parties agree to abide by the decision of an Arbitrator as set forth in Section XIV below. VI. Termination A. With Notice 1. Either Employee or the Company may terminate the employment of Employee upon written notice given (number) days prior to the specified date of termination. 2. If Employee gives notice pursuant to Subparagraph A (1) above, Company shall have the right to relieve Employee, in whole or in part, of his duties under this Agreement (without reduction in compensation), or to accelerate the date of termination to coincide with the date on which the written notice is received, with compensation to the Employee payable only to
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