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Employment Agreement

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Employment Agreement Powered By Docstoc
					This is an agreement between an employer and an employee outlining the terms of the
employment of the employee, including employment period, compensation, scope of
work, benefits, and holidays. The agreement also contains restrictive covenants, such
as a confidentiality clause whereby the employee agrees not to reveal company
confidential and proprietary information and a non-compete clause whereby the
employee agrees not engage in or be employed in a competing company for a set
amount of time. This employment agreement should be retained by the human
resources department and kept in the employee's personnel file.
                         EMPLOYMENT AGREEMENT

      This Employment Agreement (this “Agreement”) is hereby made and entered into this
__________ day of __________, _____ by and between __________________________
(“Company”) and ______________________________ (“Employee”).

                                          RECITALS

        WHEREAS, the parties hereto desire to enter into this Agreement to define and set forth
the terms and conditions of the employment of Employee by Company;

       NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth
below, it is hereby covenanted and agreed by Company and Employee as follows:

                                            TERMS

1.     Employment Period

       Company hereby employs Employee and Employee hereby agrees to serve Company for
the period beginning the __________ day of __________, _____ and ending on the date on
which the Employee’s employment is terminated in accordance with clause 8 below (the
“Employment Period”).

2.     Duties and Position

       Company hereby hires Employee in the capacity of ________________________
[TITLE OR DESCRIPTION OF POSITION]. Employee agrees that during the Employment
Period it shall devote its full business time to the business affairs of Company and shall perform
his duties faithfully and efficiently subject to the direction of the ________________
[SUPERVISOR’S POSITION] of Company. Employee’s duties may be reasonably modified at
Company’s discretion from time to time.

       Employee must:

       (a)     Perform the services pursuant to this Agreement in an honest, confidential,
               efficient, prompt, economical, skillful, and careful manner, and in the best
               interests of Company;

       (b)     Not contravene the policies and procedures of Company, which may be
               communicated to Employee from time to time;

       (c)     Return to Company, upon request of Company or in any case upon the
               termination of this Agreement, all property belonging to Company that has come
               into the possession of Employee during the term of this Agreement.
3.       Hours of Work

       Employee shall devote time, attention, and skill for an aggregate period of eight (8) hours
between 9:00 a.m. and 6:30 p.m. Monday through Friday (public holidays excepted) and at other
times as reasonably necessary to perform the Scope of Work.

4.      Salary

      Subject to the following provisions, during the Employment Period, Employee shall be
compensated for his services as follows:

        (a)   Employee shall receive an annual salary of __________ [AMOUNT IN WORDS]
dollars ($_________ [AMOUNT IN NUMERALS]) per annum, payable the ______ [ORDINAL
NUMBER] day of every month, subject to such increases as may from time to time be
determined by Company.

     (b)   Employee shall be entitled to vacations of not less than __________ [AMOUNT
IN WORDS] (___ [AMOUNT IN NUMERALS]) days per year.

       (c)   Employee shall be entitled to such other perquisites as may be customarily
granted by Company to employees of similar rank and position.

       (d)     Employee may incur reasonable expenses for furthering Company’s business,
including expenses for entertainment, travel, and similar items. Company shall reimburse
Employee for all business expenses after Employee presents an itemized account of
expenditures, pursuant to Company policy.

5.      Confidentiality of Proprietary Information

        Employee agrees, during and __________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS]) years after the term of this employment, that Employee shall not reveal
confidential information or trade secrets of Company, as may be learned during the Employment
Period, to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal
such information, Company shall be entitled to an injunction restraining Employee from
disclosing same, or from rendering any services to any entity to whom said information has been
or is threatened to be disclosed; the right to secure an injunction is not exclusive, and Company
may pursue any other remedies it has against Employee for a breach or threatened breach of this
condition, including the recovery of damages from Employee.

6.      Competing Businesses

       Employee agrees, during and __________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS]) years after the term of this employment, that Employee sh
				
DOCUMENT INFO
Description: This is an agreement between an employer and an employee outlining the terms of the employment of the employee, including employment period, compensation, scope of work, benefits, and holidays. The agreement also contains restrictive covenants, such as a confidentiality clause whereby the employee agrees not to reveal company confidential and proprietary information and a non-compete clause whereby the employee agrees not engage in or be employed in a competing company for a set amount of time. This employment agreement should be retained by the human resources department and kept in the employee's personnel file.
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