Employment Contract- This is an agreement between an employer and an employee outlining terms of the employment of the employee, compensation, scope of work, benefits, holidays, and restrictive covenants.
EMPLOYMENT AGREEMENT This Employment Agreement (hereinafter the “Agreement”), entered into this ___ day of [Month], 20__, between __________________________ (the "Company") and ______________________________ (the "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 the Employee by the Company; NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and agreed by the Company and the Employee as follows: 1. Position; Employment Period. The Company hereby employs the Employee as its [position], and the Employee hereby agrees to serve in such capacity, for the period beginning [start date], 20__, 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. The Company hereby hires the Employee in the capacity of ________________________. The Employee agrees that during the Employment Period he shall devote his full business time to the business affairs of the Company and shall perform his duties faithfully and efficiently subject to the direction of the [name position] of the Company. The Employee's duties may be reasonably modified at the Company's discretion from time to time. The 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 the Company; (b) not contravene the policies and procedures of the Company which may be communicated to the Employee from time to time; (c) return to the Company, upon request of the Company or in any case upon the termination of this Agreement, all property belonging to the Company, which has come into the possession or of the Employee during the term of this Agreement. 3. Hours of Work. The Employee shall devote time, attention and skill for an aggregate period of eight (8) hours between 9 am and 6.30 pm Monday to Friday (public holidays excepted) and at other times as reasonably necessary to perform the Scope of Work . 4. Salary. (a) Subject to the following provisions of this Agreement, during the Employment Period the Employee shall be compensated for his services as follows: (b) He shall receive
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