Fill and Sign the Employment Agreement with Staff Accountant Form

Employment Agreement with Staff Accountant Employment agreement made ___________ (date), between _____________________ (Name of Employer), a professional corporation organized and existing under the laws of the state of _________________ (name of state), with its principal office located at ________________________________________________________ (street address, city, state, zip code) , referred to herein as Employer, and (Name of Employee), of (street address, city, state, zip code), referred to herein as Employee.Whereas, Employer is organized under ___________________________________ (e.g., Article 15 of the New York Code regarding Professional Service Corporations) to render professional public accounting services through those of its employees who are duly licensed to practice public accounting in the State of _______________ (Name of State); andWhereas, Employee is a certified public accountant duly licensed and authorized to practice practice public accounting in the State of _________________ (Name of State); andWhereas, Employee desires to accept employment to practice public accounting as an Employee of Employer; andWhereas, the Board of Directors of Employer has offered Employee employment for such compensation and other benefits and under the terms and conditions set forth in this Agreement, and Employee is willing to accept and does accept employment on such terms and conditions;Now, therefore, for and in consideration of the matters described above, and of the mutual benefits and obligations set forth in this Agreement, the parties agree as follows: I. Employment and Duties. Employee's duties include, but are not limited to, the following: A. Performing accounting services for various corporate and individual clients, from initial budgeting to preparing corporate, partnership, trust, estate or individual tax returns;B. Acting as liaison between with advisory services, in-house accounting departments of clients and/or business executives; and assisting in preparing audited, reviewed or compiled financial statements. C. Employer shall have the power to determine the specific duties to be performed by Employee, and the means and the manner by which those duties shall be performed. Employer shall have the power to determine the assignment of clients to Employee, and Employee must perform services for such clients assigned to him. D. The power to supervise the duties to be performed, the manner of performing such duties, and the terms for performance of such duties shall be exercised by the Board of Directors of Employer. Hours of employment shall be determined by Employer within reasonable standards within the profession, except that Employee shall not be compelled to work longer than a work week that is normal in the accounting profession.E.Employee shall, if elected, serve as a director and/or officer of Employer at no additional compensation other than as expressly provided in this Agreement.G. Employee shall devote his full working time and attention to the practice of public accounting for Employer. During the term of this Agreement, Employee shall not, without the written consent of Employer, directly or indirectly render services of a public accounting nature to or for any person or firm for compensation, or engage in any practice that competes with the interest of Employer. H. Employee shall perform his duties under this Agreement in accordance with the all rules and regulations promulgated by Employer, the American Institute of Certified Public Accountants, and the ______________ (Name of State) State Society of Certified Public Accountants. II. Term. The term of this Agreement shall begin on the above-stated effective date, and shall continue until terminated as provided in this Agreement. III. Compensation. A.Basic Salary. For all services rendered by Employee under this Agreement, Employer shall pay Employee a basic salary of $____________ per year, payable monthly in 12 equal installments beginning on the effective date of this Agreement and payable on the ______ (ordinal number) day of each month during the term of this Agreement. The basic salary may be changed by mutual Agreement of the parties at any time. B. Fringe benefits. As further consideration for the performance by Employee under and pursuant to this Agreement, Employer shall, within a reasonable time after the effective date of this Agreement, at the sole discretion of the Board of Directors, provide for Employee the benefits described in Employer's Personnel Manual, which is subject to modification form time to time, without notice. IV. Expenses. During the term of this Agreement, Employer shall pay all reasonable business expenses of Employee in accordance with Employer's Personnel Manual and the general policy of Employer including, but not limited to, _______________________ ________________________________________________ (describe business expenses) . V.Malpractice Insurance. Employer shall purchase and maintain at its expense such comprehensive professional liability insurance coverage as it shall deem appropriate, covering the acts or omissions of Employee in the normal course of his employment.VI. Office Facilities. Employer shall operate and maintain facilities, and shall provide at its expense, equipment and supplies, suitable to Employee's position and adequate for the performance of his duties under and pursuant to this Agreement. Further, Employer shall supply and pay for secretarial personnel reasonably needed by Employee in connection with his employment under and pursuant to this Agreement.VII. Records and Files. All records and personal files concerning clients of Employer shall belong to and remain the property of Employer. On termination of his employment, Employee shall not be entitled to keep or reproduce Employer's records related to any client unless the client shall specifically request that his or her records be transmitted to Employee.VIII. Fees. All fees and compensation received or realized as a result of the rendition of professional accounting services by Employee under and pursuant to this Agreement shall belong to and be paid and delivered to Employer. IX. Other Employment. Employee shall devote all of his time, attention, knowledge, and skills solely to the business and interest of Employer, and Employer shall be entitled to all of the benefits, profits, or other issues arising from or incident to all work, services of Employee, and Employee shall not, during the term of this Agreement, be interested directly or indirectly, in any manner, as partner, officer, director, shareholder, advisor, Employee, or in any other capacity in any other business similar to Employer's business; provided, however, that nothing contained in this Section shall be deemed to prevent or to limit the right of Employee to invest any of his money in the capital stock or other securities of any corporation whose stock or securities are publicly owned or are regularly traded on any public exchange, nor shall anything contained in this Section be deemed to prevent Employee from investing or limit Employee's right to invest his money in real estate.X. Employee’s Inability to Contract for Employer. In spite of anything contained in this Agreement to the contrary, Employee shall not have the right to make any contracts or commitments for or on behalf of Employer without first obtaining the express written consent of Employer.XI. Vacation. Employee shall be entitled to vacation each year during the term of this Agreement in accordance with Employer's Personnel Manual, which is subject to modification form time to time, without notice. XII. Termination. A.This Agreement may be terminated by either party on ______ (number) days' written notice to the other. If Employer shall so terminate this Agreement, Employee shall be entitled to compensation for _______ (number) days.B.On termination of this Agreement, Employee agrees that Employee will not engage in the profession of public accounting within a radius of ________ (number) miles from any office of Employer, for a period of _______ (number) years. Employee agrees that this noncompetition section is necessary to protect Employer's business, and that Employee's violation of this subsection would result in irreparable harm to Employer. If Employee breaches this subsection, Employer shall be entitled to injunctive relief in addition to any other remedies legally available. This subsection shall survive termination of this Agreement. C. Maximum Restrictions of Time, Scope, and Geographic Area Intended. The parties agree and acknowledge that the time, scope and geographic area and other provisions of this Agreement have been specifically negotiated by the parties, and Employee specifically agrees that such time, scope and geographic areas, and other provisions are reasonable under these circumstances. Employee further agrees that if, despite the express agreement of the parties to this Agreement, a court should hold any portion of this Agreement unenforceable for any reason, the maximum restrictions of time, scope and geographic area reasonable under the circumstances, as determined by the court, will be substituted for the restrictions held unenforceable.XIII. Confidentiality. In the course of performing this Agreement, the parties recognize that Employee may come in contact with or become familiar with information which Employer may consider confidential. This information may include, but is not limited to _____________________________________________________ (describe). Consultant agrees to keep all such information confidential and not to discuss or divulge it to anyone other than appropriate Employer personnel or their designees. This Section shall survive termination of this Agreement. XIV. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if evidenced in writing signed by each party or an authorized representative of each party.XV. Severability. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. XVI.No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.XVII. Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ________________ (name of state).XVIII. Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement.XIX. Mandatory Arbitration. Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. XX.Entire Agreement. This Agreement shall constitute the entire Agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.XXI. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties.WITNESS our signatures as of the day and date first above stated.______________________________(Name of Employer) ________________________ By:_________________________ (Signature of Employee) (Signature of Officer) ________________________ _______________________________ (Printed Name of Employee) (Printed Name & Office in Corporation)