An executive employment agreement is a legal document stating the terms of employment for an executive position within the company. The agreement includes information about the primary duties and responsibilities of the executive and the terms and conditions of the agreement. It may state the terms of employment for a limited period or include a regular, permanent position. Check this downloadable template and tailor it according to your Company’s terms.
This Executive Employment Agreement (the “Agreement”) is made and executed as of this (Day) day of (Month), (Year) (the “Effective Date”) by and among/between:
Employer(s): (Company Name), founded in (year), business office located at [Company.StreetAddress] , [Company.City] , [Company.State] , [Company.PostalCode] , [Company.Country] (collectively the “Employer”); and
Executive(s): [Executive.LastName] , [Executive.FirstName] , (Age), of legal age, currently residing at [Executive.StreetAddress] , [Executive.City] , [Executive.State] , [Executive.PostalCode] , [Executive.Country] (collectively the “Executive”); (each, a “Party” and collectively, the “Parties”)
The Employer , [Employer.Company] , incorporated and registered with a business registration number (business registry number), whose registered office is included in the above-mentioned preliminaries, with a mission statement “(mission statement)” wishes to employ the Executive, under this Agreement.
The Executive whose academic profile, skill set, professional, and general experience are sufficient to administer and manage [Executive.Company] ’s operations, programs, and personnel wish to be employed by the Employer under this Agreement.
WHEREAS, in consideration of the above recitals, the representations, warranties, covenants, and agreement stated in this Agreement and in good faith and valuable considerations, the receipt and accuracy of which are now acknowledged by both Parties.
WHEREAS, in connection therewith, the Employer and the Executive desire to enter and execute this Agreement, subject to the terms and conditions hereby stated.
Employer will employ its [Executive.Title] , hereinafter referred to as the Executive under this Agreement, and shall duly perform his/her duties and responsibilities as the [Executive.Title] sharing the same framework, values, mission statement, and vision as well as the articles, constitution, and by-laws of the organization.
The Executive shall exercise his/her authority over the Employer, especially in the general supervisory and management aspects.
The Executive shall perform other duties and responsibilities deemed necessary that could be accommodated by the position the Executive reasonably assigned to him/her by the Company’s Board of Directors.
The Executive should be present for any possible training that is suited for his/her position to enhance his/her skill that may be beneficial for the Company.
The Executive shall attend educational, academic, or philanthropic conferences related to the Company that the Board of Directors determine as mutually beneficial and should be appropriate for the image of the Company.
The Executive shall be responsible for the hiring of his/her people that will be directly reporting to him/her or his/her designees that he/she thinks will be of great help to the organization, as well as the discharge of some personnel or contractor should the discharge deemed appropriate.
The Executive should not commit to any other Company with the same executive position that may be a conflict of interest.
The Executive should understand the importance of promoting public transparency that concerns the overall operations of the Company to its constituents.
The Executive should maintain accurate records and complete books as well as all the records related to the business. He/she should preserve all corporate accounts and all the essential documents such as records, invoices, receipts, vouchers, books, and all files, both physical and virtual, in an updated and orderly manner at all times and should be made available should the Employer’s Board of Directors require inspection.
The Executive's decisions should be based on the data the offices will provide him/her, and he/she should propose intelligent solutions without compromising the other employee's welfare. He/she should always give his/her best interests for the benefit of the Company and its workforce.