Employee Agreements


Employment Agreements in Northern Kentucky

An employment agreement is a written legal document between an employee and an employer that describes the binding terms and conditions of the employment.

IMPORTANT TERMS OF AN EMPLOYMENT AGREEMENT
An employment agreement generally covers:

  • an overview of job responsibilities
  • reporting relationships
  • salary
  • benefits
  • paid holidays
  • paid vacation
  • paid sick leave
  • paid time off (PTO)
  • sales commissions
  • bonus pay potential and how bonus is determined
  • profit sharing and how profit sharing is determined
  • stock options and stock buy-back provisions
  • employment contract signing bonus
  • phone allowance
  • car mileage and travel allowance, and
  • moving and transition expenses
  • any additional negotiated perks
  • details of employment termination including cause, severance package, and notice.

An employment agreement is typically written for high level jobs and/or for senior employees who have a lot to lose if an employment relationship does not work out as planned. An employment agreement is also negotiated for union represented employees. A union contract covers employment issues that an employment agreement may not, such as grievance procedures, hours of employment, representation by a union steward, and layoff procedures.

JOB OFFER LETTER
A job offer letter is an informal employment agreement that usually spells out just the basics of compensation and benefits, job title, and reporting relationships. Employers may need to offer senior level employees a job offer letter that spells out many of the components of the employment contract.

NON-DISCLOSURE AND NON-COMPETE
Depending on the position the employment agreement defines, the employee may be required to sign a non-disclosure agreement and / or a non-compete agreement.

 

Call Sutton Law today to speak with a professional, experienced lawyer knowledgeable about the intricacies of employment agreements.

 




THIS IS AN ADVERTISEMENT
  CMS 2.2  |  Developed by 3DD  |  Designed by SO  |  Login