Key Employee Employment Agreement

Some companies may find that certain employees are so integral to that company’s continued success, they warrant a special type of employment agreement that offers a particular employee added protections and benefits, while also protecting the company in the event the employee resigns or is otherwise incapacitated. These “key employee” or “key man” employment agreements generally include such additional provisions from standard employment agreements as “for cause” termination provisions, profit sharing provisions, and built in severance terms and benefits.

Included in this kit is a sample form for an employment agreement for a “key employee,” along with some basic information regarding employment agreements for key personnel.

Among others, this form includes the following provisions:
• Employment
• Salary
• Vacation
• Additional Benefits (including stock options)
• Non-competition
• Expenses
• Inventions
• Termination (at-will, for cause explanations and options for severance or no severance plans)