|Document Type||Microsoft Word|
|Build Time:||15 Min|
This senior executive employment agreement sets out the usual range of terms encompassed in a senior executive's engagement. It includes stipulations as to confidentiality, intellectual property and confirms that the relationship is one of employer/employee and that no other relationship exists. The agreement includes a comprehensive restraint of trade with cascading provisions.
As well as contractual duties, an employee owes a duty of fidelity and good faith to his/her employer as well as "certain duties of confidentiality". However these duties end on cessation of employment.
An employee may compete with his/her former employer after the employment has ended unless there is a restrictive covenant/restraint of trade agreement in place prior to the employee leaving the employment. This agreement includes a provision for a restrictive covenant/restraint of trade.
This agreement includes the following provisions:
1. Definitions and Interpretation
2. Employment of the Senior Executive
3. Employee's Responsibilities
4. Duties of Employee
5. Salary & Remuneration
7. Leave Entitlements
9. Intellectual Property
12. Survival of Obligations
15. Amendment of Agreement
16. Governing Law & Jurisdiction
19. Whole Agreement