Employee Product Rates Agreement

EMPLOYEE PRODUCT RATES AGREEMENT

This Employee Product Rates Agreement (the Agreement) is entered into between Employer Name: and Employee Name: . Effective Date: .

RECITALS

Whereas the Employer manufactures or sells the products listed in the Product Rate Schedule below and offers certain preferential employee pricing or commission arrangements; and Whereas the Employee is eligible under Employer policy to purchase or sell products at specified employee product rates subject to the terms and conditions of this Agreement; Now, therefore, in consideration of the mutual covenants herein, the parties agree as follows.

EMPLOYEE INFORMATION

POSITION INFORMATION

PRODUCT RATE SCHEDULE

The following product rates apply to Purchases by or Sales through the Employee while employed by Employer and subject to the terms below. Rates may be expressed as a fixed employee price or a percentage discount from standard price; where both apply, the fixed employee price controls.

Additional products and rates may be attached as an addendum to this Agreement and incorporated herein by reference when signed by authorized representatives of Employer. Unless otherwise specified, employee rates apply only to purchases for personal use or authorized sales activities as permitted by Employer policy.

TERMS AND CONDITIONS

1. Eligibility and Scope: Employee is eligible for the rates set forth only while actively employed and in good standing. Eligibility may be conditioned on completion of training, compliance with sales or purchasing procedures, and approval by the Employee’s manager.

2. Payment and Payroll Deductions: Employee authorizes Employer to deduct, with Employee's written consent, amounts for purchases from payroll or charge accounts. For purchases paid via payroll deduction, Employer will withhold applicable taxes as required by law.

3. Tax Treatment: Employee acknowledges that employer-provided discounts or subsidized pricing may constitute taxable compensation and agrees that Employer may report appropriate compensation and withhold taxes where required by law or policy.

4. Resale, Inventory and Reporting Restrictions: Employee shall not resell products acquired under employee rates except as expressly permitted in writing by Employer. Employee agrees to comply with inventory, recording and reporting procedures and acknowledges Employer may audit compliance.

5. Returns, Warranty and Liability: Returns of employee purchases are subject to Employer’s standard return policy unless otherwise specified. Employer’s liability for products supplied under this Agreement is limited to the manufacturer’s warranty and Employer’s standard warranty practices.

6. Confidentiality: Employee shall not disclose proprietary pricing, trade secrets, cost structures, or confidential product information learned as a result of employment. This obligation continues after termination to the fullest extent permitted by law.

7. Termination and Modification: Employer may revoke or modify employee product rates or terminate this Agreement at any time with notice. Changes will be effective as specified in written notice to the Employee.

8. Governing Law: This Agreement is governed by the laws of the state in which Employee’s primary work location is located, without regard to conflict of law principles, except where preempted by federal law.

EMPLOYEE CERTIFICATION & AUTHORIZATIONS

I certify that all information provided in this Agreement and accompanying employee information sections is true and complete. I authorize Employer to verify information provided herein and to conduct background checks and employment verifications consistent with Employer policy. I understand that falsification of information may be grounds for disciplinary action up to and including termination.

EMPLOYMENT HISTORY

EDUCATION

REFERENCES

LEGAL DISCLOSURES

At-Will Employment: Nothing in this Agreement alters the at-will nature of the employment relationship unless a separate written agreement signed by an authorized representative of Employer expressly states otherwise. Either Employer or Employee may terminate employment at any time, with or without cause, subject to applicable law.

Equal Opportunity: Employer is an equal opportunity employer. Employment decisions and eligibility for program benefits, including employee product rates, will be made without unlawful discrimination based on race, color, religion, sex, national origin, age, disability, genetic information or any other protected characteristic under applicable law.

ADDITIONAL ACKNOWLEDGMENTS

Employee acknowledges receipt of a copy of this Agreement and any attached Product Rate Schedule. Employee agrees to comply with Employer policy regarding purchases, recordkeeping and reporting and understands violations may result in disciplinary action up to and including termination and recovery of amounts owed.

Sign Now