Executive Employment Agreement
This Executive Employment Agreement ("Agreement") is made and effective this
____________________, by and between ____________________ ("Company") and
____________________ ("Executive").
NOW, THEREFORE, the parties hereto agree as follows:
1. Employment.
Company hereby agrees to initially employ Executive as its ____________________ and
Executive hereby accepts such employment in accordance with the terms of this
Agreement and the terms of employment applicable to regular employees of Company.
In the event of any conflict or ambiguity between the terms of this Agreement and terms
of employment applicable to regular employees, the terms of this Agreement shall
control. Election or appointment of Executive to another office or position, regardless of
whether such office or position is inferior to Executive's initial office or position, shall
not be a breach of this Agreement.
2. Duties of Executive.
The duties of Executive shall include the performance of all of the duties typical of the
office held by Executive as described in the bylaws of the Company and such other duties
and projects as may be assigned by a superior officer of the Company, if any, or the
board of directors of the Company. Executive shall devote his entire productive time,
ability and attention to the business of the Company and shall perform all duties in a
professional, ethical and businesslike manner. Executive will not, during the term of this
Agreement, directly or indirectly engage in any other business, either as an employee,
employer, consultant, principal, officer, director, advisor, or in any other capacity, either
with or without compensation, without the prior written consent of Company. In addition
to the duties described herein, Executive is also authorized and directed to do the
following: ____________________.
3. Compensation.
Executive will be paid compensation during this Agreement as follows:
A. A base salary of ____________________ per year, payabl