When an individual is selected for job by an organization, the candidate is required to sign an executive employment agreement. The executive employment agreement is a detailed description of the terms of employment. This agreement is presented to the employee by the employer and employee is required to agree to all the terms mentioned in the executive employment agreement in order to start working for the employer.
This agreement includes information regarding the employment like designation of the employee, the responsibilities that employee is required to perform in the organization, the performance standards that the employee is required to comply with, permitted activities for the employee, salary and incentive information, reimbursement and substantiation clauses & scope, the breaks and vacation that the employee is entitled of, other benefits extended by the organization to the employee by the employer and the scope & policies for termination of this agreement.
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