Fill and Sign the Illinois Motor Vehicle Bill of Sale Form Templates Fillable Ampamp Printable

Employment Agreement with Director of Sales Agreement made on the __________________ (date), between __________________ (Name of Director of Sales) of _____________________________________________ (street address, city, county, state, zip code), referred to herein as Employee, and __________________ (Name of Employer), a corporation organized and existing under the laws of the state of (name), with its principal office located at _____________________________________________ (street address, city, county, state, zip code), referred to herein as Employer. Whereas, Employer owns and operates a business in the technology industry that operates on the west coast of the United States including the states of __________________ (name); and Whereas, said territory described in the preceding paragraph is hereinafter called the Territory; and Whereas, Employer desires to retain Employee as its Director of Sales for in the Territory; and Whereas, Employee desires to act as such Director of Sales pursuant to the terms and conditions set forth in this Agreement; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. Employment. Employer employs Employee as its Director of Sales to serve in the Territory described in this Agreement. The work to be performed by Employee includes all services generally performed by a director of sales in a technology business like Employer’s including leading and executing sales strategy with all holding company clients of Employer and the trading desks in all markets of Employer on the west coast of the United States and generating revenue through new and existing customer relationships. Employee shall also perform such other duties as may be determined from time to time by its President. Employee accepts such employment and agrees to observe all terms and conditions of this Agreement. II. Compensation. Employer will pay Employee the sum of $__________________ for the work to be performed under this Agreement payable on the first day of each month beginning on __________________ (date) in twelve (12) equal installments. III.
. Employee agrees that this agreement shall constitute his, her, or's personal legal documents upon which he or she is obligated. Employee shall execute all documents in the name and on behalf of the same to which this agreement applies, and such documents shall be executed on or after the first day of the month in the month of. Iiii. . All sums payable hereunder shall be applied by employer against the salary paid employee. All interest earned shall accrue at the rate of 1% per annum. IIT. . In the event that either the person, the principal, or the corporation has defaulted in its obligations hereunder and is in default in the payment of any such amounts to employee and/or any other person, then employee may be in default in the payment of such amounts and employer may be in default in the payment of such amounts and all said obligations hereunder may be enforced as if such amounts had not been paid, even though employer or person shall have been given notice of default. Viii. Disciplinary action. If a director of a corporation is found to have violated this agreement, and the corporation so finds, within the time prescribed by (name of corporation) by (date) of the final decision, the corporation shall, without any further proceeding, terminate the employment of such person or persons and shall take all such other action as may be legally required to effect an immediate termination of the employment of such person or persons. Disciplinary action. Employee shall notify the corporation forthwith upon the issuance, the extension, the modification or the modification of any final disciplinary action taken against such director of a corporation. 9. Termination of employment, discharge. 1. If employee terminates the employment, by written communication to the corporation, the date of such termination shall become effective as soon as (date) of such written communication comes into effect and shall remain in effect until (date), or the earlier of: (a) six (6) months (unless sooner terminated in writing to the person, the. principal, or the corporation by whom such employee is employed in accordance with section ix, below), after such final decision has become final; (b) if the action for which employee is terminated was a noncompete or is subject to a statute of limitations as outlined in section ix, below, the period provided for such actions shall not begin until the expiration of one year (unless sooner terminated in writing to the person, the.