Employment Agreements

There was a time where people clamored for any jobs they could get. The job market was restricted, and work was myriad. But each type of work required certain skills, and unskilled workers were paid limited remuneration. Eventually, people acquired loyalty towards their work, and they stayed for a long time. Now, that is changing. […]

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What Is an Invention Agreement? An invention assignment agreement is a contract between two parties, the employer and the employee. Anything the employee invents while in employment has to be disclosed to the employer and the ownership rights to such design are assigned or transferred to the employer. The employee might have to assist the […]

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What Is a Stock Grant Agreement? The stock grant agreement definition is very simple. When any company wants to grant any kind of equity award to employees, then an agreement must be signed between the company and the employee. One strategy companies have used in recent years is to reward employees through employee stock grant […]

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A Brief Introduction to Employee Stock Ownership Plan Also referred to as Stock Purchase Plan, an Employee Stock Ownership Plan is an employee benefit plan. It allows the company employees to have an ownership interest in the company. Like any other good employee plan, this plan too makes the employees feel like they are part […]

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Brief Introduction About Executive  Cooperation Agreement An executive cooperation agreement is a legal agreement between an organization and an executive employee of that organization. The aforesaid agreement is signed by the executive employee of the company in acceptance of the terms and conditions of the agreement, as determined by the management of the company. What […]

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A Brief Introduction on How to Set up a Bonus Program Every company achieves success with the help of employees working in it. If you want to make sure that your employees grow their professional level in the office, then you should look for the best bonus programs. These days, most of the big companies […]

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What Is a Transaction Agreement? If you want to sell your company’s goods and services or you are interested in buying certain services from another company, then you need to sign a transaction agreement with the company. You will be able to layout a full exchange scope in the agreement. It also protects the rights […]

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A Brief Introduction of Employee Bonus Plan Nowadays, companies are coming up with many plans to motivate and retain their employees. In this fast-paced life, people have become like robots; they mostly work on auto-pilot unless they are given a goal to chase and a reward to receive. Companies have both incentive plans and bonus […]

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A Brief Introduction of Incentive Plan In the last few years, it has become important for organizations to create an incentive plan for their employees. Doing so doesn’t just motivate the employees but also helps the organization in achieving desired goals. Contrary to popular belief, incentives and bonuses are not the same. Bonuses are given […]

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A Non Compete Agreement is a vital tool to protect the interests of an employer. Now, what exactly is a Non Compete Agreement? According to the Contract Law, a non-compete agreement is under which ‘one party (usually an employee) agrees not to enter into or start a similar profession in competition against another party (usually […]

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What Is the Lockheed Corporation 1992 Employee Stock Option Program? The Lockheed corporation 1992 employee stock option program is a scheme that was formulated after the meeting of the Board of Directors in March 1992. The objective of the program is to benefit the employees of the organization. As a component of the incentive program, […]

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As the name suggests, incentive stock options are an incentive offered to the employees so that they remain in the company for a long time. They are offered as rewards to attract new employees in place of higher salaries. Also known as incentive share options or qualified stock options, they also give tax benefits to […]

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