This contract, dated on the ____ day of ______________ in the year 20____, is made between Saas Technology Startup (Company name) of __________________ (city, state) and _______________ [Employee name] of _________________ [city, state]. This document constitutes an employee agreement between these two parties and is governed by the laws of Orlando.
WHEREAS the Company desires to retain the Employee’s services, and the Employee desires to render such services, these terms and conditions are set forth.
IN CONSIDERATION of this mutual understanding, the parties agree to the following terms and conditions:
The Employee agrees that s/he will faithfully and, to the best of their ability, carry out the duties and responsibilities communicated to them by the Company including accommodating work requested by the CEO. The Employee shall comply with all company policies, rules, and procedures at all times.
As a Business Development Manager, it is the duty of the Employee to perform all essential job functions and duties. From time to time, the Company may also add other duties within the Employee’s work’s reasonable scope.
The term of the probationary period shall commence on January 3rd 2022 to April 3rd 2022. During that period, the employee will be paid on commission depending on achievement of agreed KPIs. After the end of the 90 days, 4 years vested equity period will start with a one-year cliff period. If the KPIs are not met within 90 days, the employee will not be entitled to equity or promise of future equity or position.
As compensation for the services provided, the Employee shall be paid a wage of $60,000 per year after the end of the probation period. The salary will be subject to $ 1.5 million funding goal being met.
This agreement may be terminated by the Company if employee fails to perform their duties, engages in theft or fraud, physical violence or bullying, damage to property, serious misuse of an organization’s name or property, deliberately accessing internet sites that contain pornographic or other offensive material, setting up a competing business, misuse of confidential information, serious insubordination, discrimination or harassment, bringing the organization into serious dispute, offering or accepting bribed, a serious breach of health and safety regulations, a serious breach of confidence, causing loss, damage, or injury through serious negligence, and serious incapability at work due to alcohol or illegal drug use.
- Non-Competition and Confidentiality
As a Employee, you will have access to confidential information that is the property of the Company. Confidential information entails information that is unknown to the general public it includes: intellectual property, client listing, pricing, pitching deck, vendor list among others. You are not permitted to disclose this information outside of the Company without the Company’s approval. The Company’s information, assets, and work should not be transferred to a personal email or hard drive without relevant authorization.
During your time of contracting with the Company, you may not engage in any work for another Company that is related to or in competition with the Company. You will fully disclose to your Company any other Employment relationships that you have, and you will be permitted to seek other employment provided that (a.) it does not detract from your ability to fulfill your duties, and (b.) you are not assisting another organization in competing with the Company.
It is further acknowledged that upon the termination of your employment, you will not solicit business from any of the Company’s clients for a period of at least 10 years.
- Intellectual Property
The Employee hereby assigns to the Company all rights, including, without limitation, copyrights, patents, trade secret rights, and other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes, works of authorship, Confidential Information or trade secrets (i) developed or created by the Employee, solely or jointly with others, during the course of performing work for or on behalf of the Company or any affiliate of the Company, or the predecessors of any such entities, whether as an employee or independent contractor, (ii) that the Employee conceives, develops, discovers or makes in whole or in part during the Employee’s employment by the Company that relate to the business of the Company or any affiliate of the Company or the actual or demonstrably anticipated research or development of the Company or any affiliate of the Company, (iii) that the Employee conceives, develops, discovers or makes in whole or in part during or after the Employee’s employment by the Company that are made through the use of any of the equipment, facilities, supplies, trade secrets or time of the Company or any affiliate of the Company, or that result from any work the Employee performs for the Company or any affiliate of the Company, or (iv) developed or created by the Employee, solely or jointly with others, at any time before the Employment Period, that relate to or involve the Company’s businesses (including, but not limited to, the business of the Company Group) (collectively, the “Work Product”).
The Employee shall not, at any time, during the Term and thereafter, make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which may, directly or indirectly, disparage the Company’s business operations.
Any dispute arising from rights and obligations under this Agreement will be solved through mediation under the American Arbitration Association’s Mediation Rules. The Parties agree to surrender to American Courts’ jurisdiction if the dispute is not solved through mediation. In case the dispute is instituted in court, the Employee will pay the court fees.
This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided the written consent of both the Company and the Employee.
- Legal Authorization
The Employee agrees that he or she is fully authorized to work in the United States and can prove this with legal documentation. The Company will obtain this document for legal records.
The Employee may use the company’s work in his/her portfolio with prior consent from the Company. However, Employees can’t credit themselves for collaborative work.
The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record, and the remaining provisions will retain their full force and effect.
This contract shall be governed, interpreted, and construed per the laws of Orlando
In witness and agreement whereof, the Company has executed this contract with the due process through the authorization of official company agents and with the consent of the Employee, given here in writing.
Employee Signature Date
Company Official Signature Date
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