made as of Date of Agreement (ie. July 31, 2000) between Name of Employer, of Address of Employer (the “Employer”) and Name of Employee, of Address of Employee (the “Employee”).
the Employer carries on the business of Description of Business carried on byEmployer (ie. Software Consulting) under the trade name of “Trade Name of Employer (ie. ABCSoftware Consulting)” (the “Business”);
the Board of Directors of the Employer considers it to be in the best interestsof the Employer to enter into this Agreement with the Employee, and this Agreement has beenduly approved by the Board of Directors of the Employer;
this agreement witnesses that in consideration of the foregoing and themutual covenants and agreements set out below and of other good and valuable consideration,the parties hereby agree as follows:1.
Whenever used in this Agreement the following words and phrases shallhave the following respective meanings:(a)“
” shall mean the day upon which the principal office of all of thechartered banks in Name of City Employer is Located, State or ProvinceEmployer is Located are open for the transaction of business.(b)“
Date of Termination
” shall mean the date the Employee ceases to be employed by the Employer for whatever reason.(c)“
” shall mean generally accepted accounting principles.(d)“
” shall mean an amount equal to Number of MonthsPayment to Be Made to Employee in the Event of Termination without Cause (ie.twenty-four (24)) times the base monthly salary payable to the Employee by theEmployer during the calendar month immediately preceding the Date of Termination.(e)“
” shall mean, for the particular corporation, any shares of capitalstock having voting power under ordinary circumstances to vote in the election of directors of such corporation.2.
Term and Position
. The Employer will continue to employ the Employee asPosition of Employee until the Employee’s employment is terminated in