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| This is a redacted version of one of the documents in our document package. The document samples are html version of the rtf files of the actual documents in the package. As such, formatting will not always appear correct in the samples. | ||
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EMPLOYMENT
AGREEMENT
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EMPLOYMENT AGREEMENT THIS AGREEMENT (the "Agreement")
made effective the _____ day of _________________, 20___, by and
between _______________________________, a _______________________________
(hereinafter called the "Corporation"), and _______________________________(hereinafter
called the "Employee"), whose residence address is _____________________________________. W I T N E S S E T H: In consideration of the
covenants and agreements herein contained and the moneys to be paid
hereunder, the Corporation hereby employs the Employee and the Employee
hereby agrees to perform services as an employee of the Corporation,
upon the following terms and conditions: ARTICLE I DUTIES AND OBLIGATIONS 1.1 Appointment. The Employee is hereby employed by the Corporation to render services
on behalf of the
[Paragraph Omitted But Included In
Fully Licensed Version] 1.2 Acceptance of Employment. Employee accepts employment with the Corporation
upon the terms set forth above and agrees to devote all Employee’s
[Paragraph Omitted But Included In
Fully Licensed Version] 1.3 Devotion of Time to Employment. The Employee shall devote the Employee's best
efforts and substantially all of the Employee's working time to
performing the duties on behalf of the Corporation.
The Employee shall provide services during the normal business
hours of the Corporation as determined by the Corporation. The Employee shall be required to provide on-call technical coverage
on nights and weekends in accordance with
[Paragraph Omitted But Included In
Fully Licensed Version] 1.4 Automobile.
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE II COMPENSATION 2.1 Compensation.
[Paragraph Omitted But Included In
Fully Licensed Version] 2.2
Basic
Compensation.
The Corporation shall pay to Employee basic compensation in an amount
equal _______________________________ dollars per year, payable
in equal monthly installments.
2.3 Bonus.
From time to time, the Corporation may pay to Employee a
bonus out of net revenues of the
[Paragraph Omitted But Included In
Fully Licensed Version] 2.4 Benefits. The Corporation shall provide Employee with such benefits as are
provided to other employees of the Corporation that are in a comparable
position as the Employee on such terms as The Corporation shall
deem
[Paragraph Omitted But Included In
Fully Licensed Version] 2.5 Non Deductible Compensation. In the event a deduction shall be disallowed
by the Internal Revenue Service
[Paragraph Omitted But Included In
Fully Licensed Version] 2.12 Withholding. All sums payable to Employee under this Agreement will be reduced
by all federal, state, local, and
other withholdings and similar taxes and payments required
by applicable law. ARTICLE III QUALIFICATIONS 3.1 Qualifications of Employee. The employee shall, as a condition of this
Agreement, satisfy all
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE IV TERM 4.1 Term of Agreement. The effective date of this Agreement shall
be the date first set forth above, and it shall continue in effect
until the earlier of: a. The effective date of any subsequent employment agreement between
the Corporation and the Employee; b.
[Paragraph Omitted But Included In
Fully Licensed Version] c. _______ (___) year(s) from the effective date hereof, provided,
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE V PROFESSIONAL FEES The Corporation shall have
exclusive authority to determine the fees, or a procedure for establishing
the fees, to be charged by the Corporation.
All sums paid to the Employee or the Corpo
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VI CLIENTS AND CLIENT RECORDS The Corporation shall have
the authority to determine who will be accepted as clients of the
Corporation, and the Employee recognizes that such clie
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VII POLICIES AND PROCEDURES The Corporation shall have
the authority to establish from time to time the policies and procedures
to be followed by the Employee in performing ser
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE VIII TERMINATION 8.1 Termination By Written Agreement. This Agreement may be terminated in writing
by mutual agreement of the Employee and the Corporation. 8.2 Termination for
Cause. The Corporation
may terminate this Agreement at any time without notice if the Employee
becomes unfit to properly perform the anticipated services on behalf
of the Corporation because of any good and sufficient cause, which
term shall include but not be limited to
[Paragraph Omitted But Included In
Fully Licensed Version] 8.3
Compensation
After Notice of Termination. After notice of termination
has been given by either Corporation or Employee, as provided in
this Article, Employee shall be entitled to receive the compensation
provided
[Paragraph Omitted But Included In
Fully Licensed Version] ARTICLE IX DISABILITY OF EMPLOYEE 9.1 Definitions. For purposes of this Agreement, whenever used in this Article XII: a. The term "total disability" shall mean that the Employee
is unable, mentally or physic
[Paragraph Omitted But Included In
Fully Licensed Version] b. The term "partial disability" shall mean that the Employee
is able to perform, to some extent, on behalf of the Corporation,
the particular services in which the Corporat
[Paragraph Omitted But Included In
Fully Licensed Version] c. The term "normal monthly salary" shall mean the salary
which the Employee is being paid b
[Paragraph Omitted But Included In
Fully Licensed Version] 9.2 Total Disability. During a single period of total disability
of the Employee, the Employee shall be entitled to receive from
the Corporation, the Employee's normal monthly salary for the shorter
of first three (3) months of disa
[Paragraph Omitted But Included In
Fully Licensed Version] 9.3 Partial Disability. During a period of partial disability of the
Em
[Paragraph Omitted But Included In
Fully Licensed Version] a. That portion of the Employee's normal monthly basic compensation
which bears the same ratio to the Employee's normal monthly basic
comp
[Paragraph Omitted But Included In
Fully Licensed Version] b. Such amount shall be calculated by multiplying the Employee’s basic
compensation by a fraction,
[Paragraph Omitted But Included In
Fully Licensed Version] 9.4 Combination of Total and Partial Disability.
[Paragraph Omitted But Included In
Fully Licensed Version] 9.5 Broken Periods of Disability. A period of disability may be continuous or
broken. If broken into partial
periods of disability which are separated by intervening periods
of work, there shall be
[Paragraph Omitted But Included In
Fully Licensed Version] 9.6
Termination
Due to Disability. If and when the period of total or partial
disability of the Employee to
[Paragraph Omitted But Included In
Fully Licensed Version] 9.7
Commencement
Date of Disability. The commencement date of a period of disability,
whether it be a continuous period or the aggregate of successive
partial periods, shall be the first day on which the Employee is
disabled. 9.8 Dispute Regarding Existence of Disability. Any dispute regarding the existence, extent
or continuance of the disability shall be resolved by the determination
of a majority of three (3) competent physicians, one (1) of whom
shall be selected by the Corporation, one (1) of whom shall be selected
by the Employee and the third (3rd) of whom shall be selected by
the other two (2) physicians so selected. 9.9
Death
of Employee. In the event the Employee shall die during
the term hereof, the Corporation shall pay to the Employee's surviving
spouse, or if the Employee shall leave no surviving spouse, then
to the Employee's estate, only such amounts as may have been earned
by the Employee prior to the Employee's date of death, but which
were unpaid at date of death. 9.10 American’s With Disabilities
Act. Notwithstanding any other term or condition
hereof, the Corporation shall comply with the Americans With Disabilities
Act with respect to Employee. ARTICLE X RESTRICTIVE COVENANTS 10.1 Restrictive Covenants. The Employee acknowledges that the Corporation,
through its employment of the Employee, has provided the Employee
with confidential information, business and professional contacts,
stock ownership in the Corporation, and the ability to service and
otherwise have access to the Corporation's clients.
The Employee further acknowledges that such confidential
information, business and professional contacts, and the ability
to service and otherwise have access to the Corporation's clients
are the result of his employment by the Corporation.
In consideration of the foregoing and of the benefits generally
provided to the Employee by the Corporation pursuant to the terms
of this Agreement and otherwise, the Employee agrees to abide and
be bound by the restrictions and prohibitions of this Article, which
restrictions are intended by the parties to extend to any and all
activities of the Employee, whether as an independent contractor,
partner or joint venturer, or as an officer, director, stockholder,
agent, employee or salesman for any person, firm, partnership
[Paragraph Omitted But Included In
Fully Licensed Version] 10.2 Hiring.
The Employee agrees that during the Employee's employment
with the Corporation and for a period of two (2) years following
the termination of this Agreement, whether the termination shall
be voluntary or involuntary, or with or without cause, or whether
the termination is
[Paragraph Omitted But Included In
Fully Licensed Version] 10.3 Confidentiality;
Disclosure; Proprietary Information. Employee recognizes and acknowledges that all
records with respect to clients, business associates, customer or
referral lists, contracting parties and referral sources of the
Corporation, and all personal, financial and business and proprietary
information of the Corporation, its empl
[Paragraph Omitted But Included In
Fully Licensed Version] 10.4 Solicitation. The Employee further agrees that during the term of this Agreement
and following the termination of this Agreement, whether the termination
shall be voluntary or involuntary, or with or without cause, or
whether the t
[Paragraph Omitted But Included In
Fully Licensed Version] 10.6 Covenants Independent. Each restrictive covenant on the part of the
Employee set forth in this Agreement shall be construed as a covenant
independent of any other covenant or provisions of this Agreement
or any other agreement which the Corporation and the Employee may
have, ful
[Paragraph Omitted But Included In
Fully Licensed Version] 10.7 Proprietary Creations. All processes, inventions,
patents, copyrights, trademarks, and other intangible rights (collectively
the "Inventions")
that may be conceived or developed by Employee, either alone or
with others, during the term of Employee's employment, whether or
not conceived or developed during Employee's working hours, and with respect to which the equipment,
supplies, facilities, or trade secret information of Company was used, or that relate at the time of conception
or reduction to practice of the Invention to the business of the Corporation or to Corporation's actual
or demonstrably anticipated research and development, or that result from any work performed by Employee for Corporation,
will be the sole property of Corporation, and shall be considered
“works for hire”, and Employee
hereby assigns to the Corporation all of Employee's right, title
and interest in and to such Inventions. Employe
[Paragraph Omitted But Included In
Fully Licensed Version] relates to the business and interests of the Company and that Employee
conceives, develops, or delivers to the Company at any time during
the term of Employee's employment.
"Inventions" shall also include all intellectual
property rights in any
[Paragraph Omitted But Included In
Fully Licensed Version] 10.8 Divisibility of Covenant Areas and Periods.
[Paragraph Omitted But Included In
Fully Licensed Version] 10.9 Injunctive and Equitable Relief. Employee and Corporation recognize and expressly
agree that the extent of damages to Corporation in the event of
a breach by Employee of any restrictive covenant set forth herein
would be impossible to ascertain, that the irreparable harm arising
out of any breach shall be irrebuttably presumed, and that the remedy
at law for any bre
[Paragraph Omitted But Included In
Fully Licensed Version] 10.10 Venue; Court Proceedings.
The Employee and the Corporation hereby agree that the venue
of any action, proceeding, counterclaim, crossclaim, or other litigation
relating to, involving, or resulting from the enforcement of this
covenant shall be in ____________________.
In any action or proceeding by Employee relating to or involving
the enforcement of the covenant, and any counterclaim, crossclaim
or other litigation which may be asserted or brought against Corporation,
the Employee hereby expressly waives any and all right to a trial
by jury with respect to
[Paragraph Omitted But Included In
Fully Licensed Version] 10.11 Indemnification. The Employee hereby agrees to indemnify and
hold the Corporation and its officers, directors, shareholders and
employees harmless from and against any loss, claim, damage or expense,
and/or all costs of prosecution or defense of their rights hereunder,
whether in judicial proceedings, including appellate proceedings,
or whether out of court, including without limiting the generality
of the foregoing, attorneys' fees, and all costs and expenses of
litigation, arising from or growing out of the Employee's breach
or threatened breach of any covenant contained herein. 10.12 Acknowledgment. The Employee acknowledges that when this Agreement
is concluded, the Employee will be able to earn a living without
violating
[Paragraph Omitted But Included In
Fully Licensed Version] 10.13 Survival of Covenants.
All restrictive covenants contained in this Agreement shall
survive the termination of this Agreement. ARTICLE XI MISCELLANEOUS 11.1 Limitations on Authority. Without the express written consent from the
Corporation, the Employee shall have no apparent or implied authority
to: (i) Pledge the credit of the Corporation or any of its ot
[Paragraph Omitted But Included In
Fully Licensed Version] 11.2 Representation and Warranty of Employee. The Employee acknowledges and understands that
the Corporation has extended employment opportunities
[Paragraph Omitted But Included In
Fully Licensed Version] 11.3 Invalid Provision; Severability. The invalidity or unenforceability of a particular
provision of this Agreement shall not affect the other provisions
hereof, and the Agreement shall be construed in all respects as
if such invalid or unenforceable provisions were omitted. 11.4 Modification. No change or modification of this Agreement shall be valid unless
the same be in writing and signed by the parties hereto. 11.5 Applicable Law and
Binding Effect; No Waiver.
This Agreement shall be construed and regulated under and
by the laws of the State of Florida, and shall inure to the benefit
of and be binding upon the parties hereto and their respective heirs,
personal representatives, successors and assigns; but may not be
assigned except as otherwise provided elsewhere herein. 11.6 Entire Agreement. This Agreement contains the entire agreement
and supersedes all prior agreements and understandings, oral or
written, with respect to the subject matter hereof.
This Agreement may be changed only by an agreement in writing
signed by the party against whom any waiver, change, amendment,
modification, or discharge is sought. 11.7 Notices. Any and all notices or other communication provided for herein, shall
be given by registered or certified mail, return receipt requested,
in case of the Corporation to its principal office, and in the case
of the Employee to the Employee's residence address set forth on
the first page of this Agreement or to such other address as may
be designated by the Employee. 11.8 Attorneys' Fees. In the event that either party is required
to engage the services of legal counsel to enforce the terms and
conditions of this Agreement against the other party, regardless
of whether such action results in litigation, the prevailing party
shall be entitled to reasonable attorneys' fees, costs of legal
assistants, and other costs from the other party, which shall include
any fees or costs incurred at trial or in any appellate proceeding,
and expenses and other costs, including any accounting expenses
incurred. IN WITNESS WHEREOF, the
undersigned parties hereby execute this Agreement on the ____ day
of ____________, 20__, to be effective the date first set forth
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