by and between
[Company Legal Name]
([Company] or “Employer”)a [State] corporation,located at[Address][City, [State] [Zip Code]and
, (“Employee”)an individualresiding at[Address]
The Employer desires to employ the Employee in the position, and upon the terms, stated in thisAgreement;
The Employee desires to provide services to the Employer as an Employee.
In consideration of the mutual promises stated in this Agreement and other good and valuableconsideration, the receipt and sufficiency of which are hereby acknowledged, the Employer and theEmployee hereby agree as follows:
The Employer hereby employs the Employee and the Employee hereby acceptsemployment at such location as may be reasonably determined by the Employer.
2. Office, Duties & Term.
The Employee shall hold the office and perform the duties for such office asdescribed on Exhibit A attached to this Agreement. The duties of the Employee may be changed from timeto time by the Employer. The term of this Agreement shall be [Insert term of employment] and suchemployment shall continue uninterrupted until terminated as provided in Section 6 below. The Employeeshall devote the Employee’s entire time, attention, energies and skill to the business of the Company duringthe term of this Agreement.
3. Compensation & Benefits.
The Employer shall pay to the Employee and the Employee accepts asfull compensation for all services to be rendered to the Employer the compensation and benefits describedin full on Exhibit B attached to this Agreement.
The Employer agrees to reimburse the Employee from time to time for all reasonable business expenses incurred by the Employee in performing the Employee’s duties for the Employer under this Agreement in accordance with the Employer's policies, provided that the Employee presents to theEmployer adequate records and other documented evidence required by the Employer for reimbursement of such expenses incurred on its behalf.
During the term of the Employee’s employment and for such longer period as theEmployee may receive employment severance payments, the Employee shall not, directly or indirectly, asan Employee, Employer, consultant, advisor, agent, principal, partner, officer, director or in any other individual or representative capacity, engage or participate in any business or activity that is competitive in