A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organizations. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.
Employment of Executive of Nonprofit Corporation Employment agreement made (date), between (name of Corporation), a Corporation organized and existing under the laws of (state), with its principal office located at (street address, city, state, zip code), referred to herein as (the Corporation), and (name of Employee), of (street address, city, state, zip code), (the Employee). 1. Employment; Duties The Corporation employs the Employee as its Executive Director, and the Employee accepts such employment. The Employee's duties include, but are not limited to, the following: A. Advise, counsel and assist the Corporation in its efforts to (describe purpose of not-for-profit Corporation). B. Work at the Corporation's principal office at (street address, city, state, zip code). C. Arrange for and oversee other Employees or consultants to the Corporation. D. Coordinate the preparation and filing of tax exemption applications, tax returns, charitable solicitation registrations, and other government reports for the Corporation. E. Coordinate the solicitation of charitable contributions and sponsorships on behalf of the Corporation. F. Such other reasonable matters related to the purposes of the Corporation as the Officers and Directors of the Corporation delegate to the Employee as or may be provided for in the bylaws of the Corporation. 2. Compensation The Corporation shall pay the Employee a salary of $_________per month. The Corporation must withhold FICA and federal income tax in accordance with law. 3. Expenses The Corporation shall reimburse the Employee for all reasonable and necessary expenses which he may incur relative to his services for the Corporation, including but not limited to travel, telephone, postage, typing, and copying expenses. The Corporation will provide reimbursement within (number) days of submission by the Employee to the treasurer or any other officer of the Corporation of documentation supporting expenditures. The Employee will submit all documentation for an expense within (number) days after the expense is incurred. 4. Term The term of this Agreement will commence, and the Employee's salary will commence, (date), and will continue until terminated, with or without cause, by either party on written notice to the other. 5. Amendments This Agreement may be amended from time to time on written mutual agreement between the parties. 6. Breach of Contract If either party to this Agreement fails or refuses to perform its terms and conditions, the party not in default may give (number) days' written notice to the defaulting party of the alleged default, and if such default continues for (number) additional days from the date of receipt of such written notice, then this Agreement may be canceled by the party not in default. All of the rights and remedies allowed by the law for breach of contract will be open to the party not in default. The waiver of any provision of this Agreement will not be construed as a waiver of any succeeding breach of any of the terms of this Agreement. 7. Severability The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been
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