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Key Employee Agreement
"I need a Key Employee Agreement for our new Chief Technology Officer who will be joining our fintech startup in March 2025, with specific focus on IP protection and share options as part of the compensation package."
1. Parties: Identifies the employer and employee with full legal names and addresses
2. Background: Outlines the context of the employment relationship and key employee status
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Details of the role, start date, and employment term
5. Duties and Responsibilities: Specific responsibilities and performance expectations
6. Remuneration and Benefits: Salary, bonuses, and benefits package details
7. Working Hours and Location: Standard working hours, flexibility requirements, and place of work
8. Confidentiality: Obligations regarding company confidential information
9. Intellectual Property: Rights and obligations regarding IP created during employment
10. Data Protection: Compliance with GDPR and data protection requirements
11. Termination: Conditions and process for ending employment
12. General Provisions: Standard boilerplate clauses including governing law and jurisdiction
1. Share Options: Details of any share option schemes or equity participation
2. International Travel: Terms and conditions for international assignments and travel requirements
3. Garden Leave: Provisions for garden leave period during notice period
4. Post-termination Restrictions: Non-compete, non-solicitation, and other restrictive covenants
5. Change of Control: Provisions relating to company ownership changes or acquisition
1. Schedule 1 - Job Description: Detailed outline of role and responsibilities
2. Schedule 2 - Bonus Scheme Rules: Details of performance-related pay calculations and conditions
3. Schedule 3 - Company Policies: List of key policies the employee must comply with
4. Schedule 4 - Benefits Package: Detailed breakdown of all benefits and conditions
5. Schedule 5 - Restrictive Covenants: Detailed terms of post-employment restrictions
Authors
Board
Business
Capacity
Commencement Date
Company
Confidential Information
Control
Director
Garden Leave
Group
Group Company
Intellectual Property Rights
Material Interest
Normal Working Hours
Personal Data
Place of Work
Prohibited Area
Restricted Business
Restricted Customer
Restricted Period
Restricted Person
Salary
Termination Date
Trade Secrets
Working Time Regulations
Duties and Responsibilities
Working Hours
Place of Work
Remuneration
Bonus
Benefits
Expenses
Holidays
Sickness and Absence
Confidentiality
Intellectual Property
Data Protection
Conflicts of Interest
Outside Activities
Company Property
Health and Safety
Disciplinary and Grievance Procedures
Garden Leave
Termination
Notice Period
Summary Termination
Post-Termination Restrictions
Non-Competition
Non-Solicitation
Non-Dealing
Non-Poaching
Return of Property
Governing Law and Jurisdiction
Entire Agreement
Severability
Variations
Third Party Rights
Notices
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