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Making an Executive Employment Agreement
Whether you're just starting the search to hire a new executive, or you've finally found the perfect candidate, creating an Executive Employment Agreement can help you define the position's specific duties and compensation. With a contract in writing, you can recruit top-level executives to your organization while protecting your business' legal rights and responsibilities.
Use the Executive Employment Agreement document if:
With an Executive Employment Agreement, you can easily document the terms of employment for your company's high-level positions. Having such a written agreement in place helps you protect your business, and makes sure that you and your new employee are on the same page. In an Executive Employment Agreement, you'll want to include details like: how the executive will be paid (salary, wage, commission, or some combination of these); the payment schedule; your policy on reimbursing out-of-pocket expenses; any specific duties for the executive position; any non-compete provisions; what kinds of information the executive must keep confidential; benefits such as vacation time, sick leave, and health insurance; the length of the employment period; and who will sign the contract. You'll also need to be aware of the minimum wage and overtime laws in your state. Whatever the position or the size of your company, we'll help you tailor the Executive Employment Agreement to your specific needs.
Hiring? Visit Rocket Lawyer's Guide to Human Resources for more information about the hiring process.
Other names for this document: Executive Employment Contract, Executive Employment Agreement Form