Key Employee Agreement Generator for England and Wales

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Key Requirements PROMPT example:

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."

Document background
The Key Employee Agreement is designed for use when engaging individuals in senior or business-critical positions within an organization. This contract type, governed by the laws of England and Wales, is particularly important when the employee will have access to sensitive information, significant authority, or crucial relationships with clients or suppliers. The agreement typically includes detailed provisions on duties, compensation, benefits, intellectual property rights, confidentiality, and post-termination restrictions, while ensuring compliance with UK employment legislation.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Employment Rights Act 1996: Primary legislation governing employment rights, including contracts, unfair dismissal, redundancy rights, and other fundamental employment protections

Equality Act 2010: Legislation protecting against discrimination based on protected characteristics in the workplace, including recruitment, terms of employment, and dismissal

Working Time Regulations 1998: Rules governing maximum working hours, rest breaks, annual leave entitlements, and related working time provisions

National Minimum Wage Act 1998: Legislation ensuring employees receive at least the statutory minimum wage for their work

Employment Relations Act 1999: Framework for employment relations, including trade union recognition and collective bargaining

UK General Data Protection Regulation: Post-Brexit data protection legislation governing how employers must handle employee personal data

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR

Health and Safety at Work Act 1974: Primary legislation for workplace health and safety obligations and responsibilities

Management of Health and Safety at Work Regulations 1999: Detailed requirements for workplace risk assessments and health and safety management

Trade Union and Labour Relations (Consolidation) Act 1992: Legislation governing trade union rights, collective bargaining, and industrial relations

Pensions Act 2008: Requirements for workplace pension schemes and auto-enrollment obligations

TUPE Regulations 2006: Protection of employees' rights when a business transfers to new ownership

Common Law Restrictive Covenants: Legal principles governing post-employment restrictions such as non-compete and non-solicitation clauses

Patents Act 1977: Legislation governing patent rights and employee inventions

Copyright, Designs and Patents Act 1988: Protection of intellectual property rights including works created during employment

Trade Secrets Regulations 2018: Protection of confidential business information and trade secrets

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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