Employment Agreement - excerpt


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bezár


Employment Agreement - excerpt


titl-empl-cont-exce This agreement is made and entered into by and between [Name] (hereinafter Employer), and [Name] (hereinafter Employee), with the following terms and conditions:


POSITION
Employer shall employ Employee in the position of [Position]. The employer's rights shall be exercised by [Exerciser].


TERM
The employment shall commence on the date hereof and continue for a(n) .


PLACE OF PERFORMING THE WORK
The Employee’s place of work shall be the principal office of the Employer as may be changed from time to time, or any other place as may be necessary for discharging the duties arising from the job.


RIGHTS AND OBLIGATIONS
Employee shall have the duties and responsibilities as may be described in the job description, which is incorporated herein by reference. The job description may only be modified with the mutual consent of Employer and Employee. Employee agrees to make every effort with all his mental and physical abilities, experience and qualifications, so as to promote the business interest of Employer.


COMPENSATION

Salary
In consideration for the services to be provided hereunder during the term of his employment, Employee, shall be paid a monthly base salary of four thousand euros (EUR 4,000) to be paid to be paid on the first working day of each month.
Adjustment of the salary
The salary shall be reviewed on annual basis in accordance with the wages policy of Employer. The adjustment of the salary shall be subject to Empoyee's performance.
Benefits
Employer shall provide fringe benefits to the Employee, including a cafeteria plan
Bonus
Employee may also be granted a bonus for his contribution to the profitability of the business. The rate of the bonus shall be determined in the sole discretion of Employer.


COMPANY CAR


Employer agrees to provide a fully insured company car to Employee for business purposes, provided that Employee holds a valid driving licence. The make and the type of the car shall be determined in the sole discretion of Employer. No unauthorised person may use the company car. Employee shall be responsible for the regular maintenance of the car. Employee shall comply with the Car Policy of Employer, which forms a part hereof.


REIMBURSEMENT OF COSTS
Employer shall reimburse Employee for all reasonable and verifiable expenses incurred during a business trip.


VACATION
Employee shall be entitled to vacation as specified by the Labour Code. Employee may take off one fourth of the holidays at the time as may be convenient to Employee, except for the first three (3) months of employment. Employee shall inform Employer of his intention at least fifteen (15) days prior to the first day of holiday. The remaining days may be taken with the consent of the direct report of Employee. The Employer reserves the right to grant no more than four (4) days in the Christmas period when the offices of Employer are closed.


VACATION
The Employee may take off one fourth of the vacation at the time and in portions as may be convenient for the Employee except for the first three (3) months of the employment the Employer reserves the right … …to grant no more than four (4) days in the Christmas period


PROTECTION OF REPUTATION
The parties mutually undertake not to make any disparaging or derogatory statements about each other during the term of the employment and for a period of one year after the termination of the employment for any reason. The Parties are liable for the violation of the above provision under the Civil Code.


TERMINATION
The employment may be terminated upon the mutual consent of the parties. This agreement may be terminated without cause by either party upon thirty days written notice. Upon the termination of the employment, Employer shall pay severance pay amounting to six months’ salary. Employer may terminate the employment with immediate effect if Employee should wilfully or materially breach his duties, with special regard to the provisions for confidentiality and/or competition. Upon the termination of the employment, Employer shall deliver to Employee all his documents related to the Employment and pay amounts then due.


TERMINATION OF THE EMPLOYMENT
Either party may terminate this employment with 30 days prior written notice without cause The thirty days’ notice period shall be extended by 5 days after three years of employment at the Employer. The Employer may terminate the employment for cause if the Employee wilfully violates its obligation arising from the employment.


TERMINATION WITHOUT CAUSE
This agreement may be terminated without cause by either party upon [Days] days written notice. If the employment, is terminated by the Employer, the notice period shall be extended by the period specified by Section (2) of Article 69 of the Labour Code. In this case, reasons for termination may only be related to the Employee's skills, conduct and the Employer's business activity. The Parties confirm that the employment is fiduciary by nature, therefore, it is indispensable to maintain trust between the Parties. Employee represents to be aware of the fact that his conduct as private person may give rise to the termination of employment. with special regard to his work or conduct not in consistence with the reputation of the company. Either party may terminate the employment with immediate effect, if the other party willfully or materially breaches his duties arising from the employment conducts in a way that compromises or impairs the business interest of Employer breaches the provisions of the confidentiality agreement, which forms a part hereof violates the provisions of the policies and directives of the company does not comply with the company's dress code or the rules of conduct or his conduct otherwise makes further employment impossible.


LIABILITY
Employee represents to be aware of the liability related to the management position. Employee shall be liable to Employer under the Civil Code for any damage caused in the course of the management activity.


CONFLICT OF INTEREST
Employee hereby represents not to be employed nor engaged in any other fashion by any third party as of the date of the commencement of the employment. Employee represents not to have any obligation to third parties which hinders him from carrying out the obligations resulting herefrom. Employee represents to be aware of the consequences of violating the provisions related to conflict of interests, with special regard to the Labor Code, Deed of Foundation of the Company and the Companies Act. Employer and Employee mutually represent not to be aware of any fact or circumstance which would affect the validity of this contract.


CONFIDENTIALITY
The Employee shall keep every information confidentially during the term of the employment and for a period of [Confidentiality period] after the termination of the employment contract.


CONFIDENTIALITY
Employee shall keep all information related to the business activity of Employer confidential. Empolyee shall be bound by confidentiality during the term of the employment and for a period of 3 years thereafter.


AMENDMENT
Any term of the Employment contract may only be amended with the mutual consent of the Parties.