Employment LTS Agreement

EMPLOYMENT LTS AGREEMENT

This Employment Long-Term Service Agreement (the Agreement) is entered into as of between with principal address (Employer) and residing at (Employee).

Personal Information

Position Information

Anticipated Commencement Date:   |   Annual Salary:   |   Pay Frequency:

Employment History

Education

References

Term; Long-Term Service Commitment

Employee agrees to provide long-term service to Employer for a minimum period of (the Commitment Period). The Commitment Period shall commence on the Commencement Date. If Employee voluntarily terminates employment prior to the expiration of the Commitment Period, Employee shall be obligated to reimburse Employer for reasonable direct costs incurred by Employer in connection with Employee's hiring, training and relocation in an amount calculated as follows:

The repayment obligation shall be prorated based on the remaining portion of the Commitment Period and shall not exceed the net sum identified above. Employer shall provide Employee with a written accounting of any reimbursement claimed under this paragraph and Employee shall have thirty (30) days to contest the accounting in writing.

Duties and Performance

Employee shall perform the duties reasonably assigned by Employer with the level of skill, care and diligence normally exercised by a person in the same position. Employer may modify duties and reporting relationships consistent with its business needs provided such changes are not materially inconsistent with the general nature of Employee's position.

Compensation and Benefits

Employer will pay Employee the salary set forth above, subject to applicable withholdings and deductions, and provide benefits in accordance with Employer's applicable policies. Any bonus, stock, deferred compensation, or equity award shall be governed by the terms of the applicable award agreement and plan document.

Confidentiality

Employee shall not, during or after employment, disclose or use any Confidential Information of Employer except as required to perform Employee's duties. "Confidential Information" includes, but is not limited to, trade secrets, customer lists, pricing, financial information, product roadmaps and other non-public business information. Upon termination, Employee shall promptly return all materials containing Confidential Information.

Inventions; Assignment of Work Product

Employee agrees to disclose and assign to Employer, and hereby assigns, all right, title and interest in any inventions, discoveries, developments or improvements conceived or reduced to practice by Employee during the period of employment that relate to Employer's business or result from use of Employer resources. Employee shall assist Employer, at Employer's expense, to secure intellectual property rights.

Non-Competition; Non-Solicitation

During employment and for a period of following termination for any reason, Employee shall not directly engage in competitive activities within that are substantially similar to Employer's business, provided that such restriction is reasonable in duration and scope. Employee also agrees not to solicit Employer's employees or clients for a period of .

Termination

Employer may terminate Employee for Cause immediately upon written notice. Employee may be terminated Without Cause upon written notice to Employee. In the event of termination, Employee shall be paid accrued salary and benefits through the date of termination, subject to applicable deductions.

Severance

If Employer terminates Employee Without Cause during the Commitment Period, Employee shall be entitled to severance in the amount of subject to Employee's compliance with post-termination obligations, including return of property and confidentiality.

Background Checks; Authorization

Employee authorizes Employer to verify all information provided by Employee, to contact prior employers and references, and to obtain consumer reports and criminal history as permitted by law. Employee acknowledges and agrees to the background check by indicating consent below.

  I consent to background checks and verification of prior employment, education and references.

At-Will Employment; Equal Opportunity

Except to the extent expressly stated otherwise in a written notice signed by the Employer's authorized officer, employment is at-will and may be terminated by either party at any time, with or without cause. Notwithstanding the Commitment Period and any repayment provisions, the parties acknowledge the at-will nature of employment unless a separate, signed written instrument provides otherwise.

Employer is an equal opportunity employer. Employment decisions are made without regard to protected characteristics and in compliance with applicable laws and regulations.

Representations; Warranties

Employee represents and warrants that all information provided to Employer is true and complete, that Employee is not subject to any agreement that would prevent performance of Employee's duties, and that Employee will comply with Employer's policies and lawful directives.

Remedies; Governing Law

Employee acknowledges that breach of confidentiality, assignment, non-competition, or non-solicitation provisions will cause Employer irreparable harm for which monetary damages may be insufficient and that Employer shall be entitled to injunctive relief and any other remedies available at law or in equity. This Agreement shall be governed by the laws of the state specified by Employer in writing and venue shall lie in the appropriate state or federal court.

Notices; Entire Agreement

All notices required by this Agreement shall be in writing and delivered to the addresses listed above or to such other address as a party may designate in writing. This Agreement, together with any referenced plan or written policies, constitutes the entire agreement between the parties and supersedes all prior agreements relating to the subject matter hereof.

Amendment; Severability

Any amendment to this Agreement must be in writing and signed by both parties. If any provision is held unenforceable, the remainder shall remain in full force and effect and the parties shall negotiate in good faith a substitute provision to effect the original intent.

Applicant Certification; Authorization to Contact

I certify that all information provided in this Agreement and accompanying documents is true, correct and complete to the best of my knowledge. I authorize Employer to contact prior employers, education providers and the references listed above to verify information and to obtain additional information related to my suitability for employment.

  I certify the above statements and authorize contacts as described.

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