Docstoc

Employment Agreement - Proprietary

Document Sample
Employment Agreement - Proprietary Powered By Docstoc
					This is an agreement between an employer and an employee outlining the terms of the
employment for the employee, including employment period, compensation, scope of
duties and responsibilities, and leave policy. The agreement also contains restrictive
covenants, such as a nondisclosure clause whereby the employee agrees not to reveal
company confidential and proprietary information; a non-competition clause whereby the
employee agrees not engage in or be employed in a competing company for a set
amount of time; and a non-solicitation clause whereby the employee agrees not to solicit
company customers or clients for a set period of time. This employment agreement
should be retained by the human resources department and kept in the employee’s
personnel file.
               EMPLOYMENT AGREEMENT - Proprietary

This EMPLOYMENT AGREEMENT, made on this _____ day of ___________________,
201_______, (”Effective Date”), by and between _______________________ (the “Company”),
a ______________________ [STATE WHERE BUSINESS IS INCORPORATED OR
WHERE IT DOES BUSINESS, IF NOT INCORPORATED] corporation with its principal
place of business at ____________ ______________________________________ [PROVIDE
COMPANY ADDRESS], and _______________________ (the “Employee”), residing at
_______________________ _____________________________________________.
[EMPLOYEE'S ADDRESS]

WHEREAS, the Company wishes to secure the services of Employee for the term of this
Agreement, and the Employee is willing to serve as an employee of the Company upon the terms
and conditions hereinafter provided.

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties
hereto hereby agree as follows:


1.     EMPLOYMENT

The Company hereby employs Employee to serve as __________________, [PROVIDE JOB
TITLE OR DESCRIPTION] and Employee hereby accepts such employment by the Company,
upon the terms and conditions herein provided.


2.     DUTIES AND RESPONSIBILITIES

Employee shall report to _______________________ [NAME AND/OR TITLE OF
SUPERVISOR] of the Company. Employee agrees to discharge such duties as may be delegated
to him from time-to-time by the Company. The Company reserves the right to change or modify
the designation of Employee or his duties at Company's discretion from time-to-time. Employee
shall devote his full time and attention for the performance of the duties assigned to him. During
the term of his employment the Employee shall not engage in any other business or occupation.
However, Employee is not prohibited from making passive or personal investments for which the
expenditure of time is not required. Employee acknowledges that he shall travel, as reasonably
required by the Company, in connection with his employment.


3.     LOCATION

The initial principal location at which the Employee shall perform services for the Company
shall be ________________________




© Copyright 2011 Docstoc Inc.                                                            2
4.     TERM

This agreement shall commence on the Effective Date and shall continue for a period of
________ years (hereinafter, the "initial term"). At the expiration of the Initial Term, this
Agreement shall be automatically extended for additional successive one (1) year terms (the
renewal term) unless either party gives written notice of its intention to the other party not less
than ninety (90) days prior to the expiration of the then current term and any renewal term.


5.     VACATION AND SICK LEAVE

Employee shall be entitled to sick leave in consistent with existing Company policies published
in the current personnel policy manual and vacation of not less than _________________
working days each year during the term or extension hereof.


6.     COMPENSATION

In consideration for all services rendered by Employee in any capacity during his employment
under this Agreement the Company shall pay Employee a salary of $_______ per year, payable
at regular payroll periods. In addition, Employee shall be paid an annual incentive bonus in such
amounts and at such times as shall be determined by the Company.


7.     OWNERSHIP OF WORK PRODUCT

(a) The Employee hereby acknowledges and agrees that he has no right to or interest in the Work
Products resulting from the Services performed hereunder in connection with the Services
hereunder. The Employee further acknowledges that the Services and the products have been
specially commissioned or ordered by the Company as "works made-for-hire", and that the
Company is therefore to be deemed the author of and is the owner of such Work Product.

(b) In the event that such Work Product, or any portion thereof, are for any reason deemed not to
have been works made-for-hire or if ownership of all right, title, and interest of the intellectual
property rights therein shall not otherwise vest exclusively in Company, the Employee hereby
assigns to the Company any and all right, title, and interest Employee may have in and to such
Work Product, including all U.S. and internati
				
DOCUMENT INFO
Description: This is an agreement between an employer and an employee outlining the terms of the employment for the employee, including employment period, compensation, scope of duties and responsibilities, and leave policy. The agreement also contains restrictive covenants, such as a nondisclosure clause whereby the employee agrees not to reveal company confidential and proprietary information; a non-competition clause whereby the employee agrees not engage in or be employed in a competing company for a set amount of time; and a non-solicitation clause whereby the employee agrees not to solicit company customers or clients for a set period of time. This employment agreement should be retained by the human resources department and kept in the employee’s personnel file.
Customize This Document Instantly download your personalized document Guided Fill-in-the-Blank Process
This document is also part of a package Building a Business Team 101 20 Documents Included