Startup style employment agreement.
Adjusted National Proprietary Information and Inventions Agreement is located here: Employee Proprietary Information And Inventions Agreement
Dear Employee Name:
Company (the “Company”) is pleased to offer you employment on the following terms:
Your initial title will be Title, and you will initially report to the Company’s Manager. This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.
All new employees of the Company are placed on a standard three (3) month probation period. This orientation period is of benefit to new hires and the Company as a means of determining fit to position and company culture. Near the end of the probationary period, your performance will be reviewed. New employees whose performance or other employment conditions are found to be unsatisfactory may be terminated without formal advance notice. Similarly, you are under no obligation provide formal notice if you resign during this probation period.
The Company will pay you a starting salary at the rate of $Annual Salary per year, payable on the company's payroll schedule.
As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will be entitled to paid vacation totaling two (2) weeks per year, on the anniversary of employment, in accordance with BC law.
You will be eligible for Number% of the profits earned from the sales of products and services that are a direct result of your efforts. To be considered a "direct result" of your effort, the majority of client contact and/or work on a project is performed by you. Profits calculated as the sale price, less any expenses and costs of goods sold.
Proprietary Information and Inventions Agreement.
Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A.
Employment with the Company is for no specific period of time, but is considered permanent. While your regular work hours will be forty (40) hours per week, you acknowledge that the hours of work may vary and be irregular at times to meet the objectives of the Company.
Your employment may be terminated:
(a) by you giving the Company thirty (30) days written notice.
(b) by the Company, with or without cause, following the guidelines of the Employment Standards Act of British Columbia.
(a) Withholding. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.
(b) Tax Advice. You are encouraged to obtain your own tax advice regarding your compensation from the Company. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or its Board of Directors related to tax liabilities arising from your compensation.
Interpretation, Amendment and Enforcement.
This letter agreement and Exhibit A constitute the complete agreement between you and the Company, contain all of the terms of your employment with the Company and supersede any prior agreements, representations or understandings (whether written, oral or implied) between you and the Company. This letter agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms of this letter agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this letter agreement or arising out of, related to, or in any way connected with, this letter agreement, your employment with the Company or any other relationship between you and the Company (the “Disputes”) will be governed by British Columbia law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of the federal and provincial courts located in British Columbia in connection with any Dispute or any claim related to any Dispute.
If you accept our offer, the terms described in this letter will constitute the terms of your Employment Agreement. Any modification or amendment to these terms must be in writing ans signed by an authorized representative of the Company.
We're looking forward to having you as part of the team. We're confident you can make an important contribution, and that you'll find the association both challenging and rewarding.
Hiring Name, Hiring Title
Exhibit A: Proprietary Information and Inventions Agreement