When did Symantec sign the executive employment agreement?
EXECUTIVE EMPLOYMENT AGREEMENT THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), dated as of August 21, 2012, (the “Effective Date”) is made and entered by and between Symantec Corporation, a Delaware corporation (the “Company”), and Steve Bennett (the “Executive”). WITNESSETH:
What should be included in an executive employment agreement?
An executive’s employment agreement will define expectations regarding role, responsibilities and performance.
When does an executive agreement need to be terminated?
If the agreement is for a term of years, it almost always will include a termination for “Cause” provision, which will allow the employer to terminate the executive’s employment immediately if he or she engages in certain acts or omissions against the employer’s interest, e.g. conviction of a felony.
What does change in control mean in executive agreement?
(vi) any material breach of the Executive’s ongoing obligation not to disclose confidential information and not to assign intellectual property developed during employment which, if capable of being cured, is not cured within ten (10) days after written notice thereof by the Board to the Executive. (d) “Change in Control” means:
When do you need an executive employment agreement?
The employment agreement especially for the executive staff members is known as the executive employment agreement. It is mandatory for so many reason that when a company or employer hires new employees. They sign a legal contract with them either for short term or long term employment duration.
What does executive represent in model employment agreement?
The Executive represents and warrants to the Company that he is under no obligations or commitments, whether contractual or otherwise, that are inconsistent with his obligations under this Agreement.
What does it mean to terminate an employment agreement?
(j) “Termination of Employment” means the termination of Executive’s active employment relationship with the Company. 2. Termination Unrelated to a Change in Control. (a) Involuntary Termination Unrelated to a Change in Control.