Contract 2
Contract 2
For the reasons set forth above, and in consideration of the mutual covenants and promises of the
parties hereto, employer and employee covenant and agree as follows:
Subject to the supervision and pursuant to the orders, advice, and direction of employer,
employee shall perform such duties as are customarily performed by one holding such position in
other businesses or enterprises of the same or similar nature as that engaged in by employer.
Employee shall additionally render such other and unrelated services and duties as may be
assigned to him from time to time by employer.
Employee shall at all times faithfully, industriously, and to the best of his ability, experience, and
talent, perform all duties that may be required of and from him pursuant to the express and
implicit terms hereof, to the reasonable satisfaction of employer. Such duties shall be rendered at
the abovementioned premises and at such other place or places as employer shall in good faith
require or as the interests, needs, business, and opportunities of employer shall require or make
advisable.
4. DURATION OF EMPLOYMENT
5. COMPENSATION; REIMBURSEMENT
Employer shall pay employee and employee agrees to accept from employer, in full payment for
employee's services hereunder, compensation at the rate of ____(16)______ Dollars
($________) per annum, payable ____(17)____. In addition to the foregoing, employer will
reimburse employee for any and all necessary, customary, and usual expenses incurred by him
while traveling for and on behalf of the employer pursuant to employer's directions.
Employee shall devote all of his time, attention, knowledge, and skill solely and exclusively to
the business and interests of employer, and employer shall be entitled to all benefits,
emoluments, profits, or other issues arising from or incident to any and all work, services, and
advice of employee. Employee expressly agrees that during the term hereof he will not be
interested, directly or indirectly, in any form, fashion, or manner, as partner, officer, director,
stockholder, advisor, employee, or in any other form or capacity, in any other business similar to
employer's business or any allied trade, except that nothing herein contained shall be deemed to
prevent or limit the right of employee to invest any of his surplus funds in the capital stock or
other securities of any corporation whose stock or securities are publicly owned or are regularly
traded on any public exchange, nor shall anything herein contained by deemed to prevent
employee from investing or limit employee's right to invest his surplus funds in real estate.
Employee will not at any time, in any fashion, form, or manner, either directly or indirectly
divulge, disclose, or communicate to any person, firm, or corporation in any manner whatsoever
any information of any kind, nature, or description concerning any matters affecting or relating
to the business of employer, including, without limitation, the names of any its customers, the
prices it obtains or has obtained, or at which it sells or has sold its products, or any other
information concerning the business of employer, its manner of operation, or its plans, processes,
or other date of any kind, nature, or description without regard to whether any or all of the
foregoing matters would be deemed confidential, material, or important.
The parties hereby stipulate that, as between them, the foregoing matters are important, material,
and confidential, and gravely affect the effective and successful conduct of the business of
employer, and its good will, and that any breach of the terms of this section is a material breach
of this agreement.
Notwithstanding anything in this agreement to the contrary, employer is hereby given the option
to terminate this agreement in the event that during the term hereof employee shall become
permanently disabled, as the term "permanently disabled" is hereinafter fixed and defined. Such
option shall be exercised by employer giving notice to employee by registered mail, addressed to
him in care of employer at the above stated address, or at such other address as employee shall
designate in writing, of its intention to terminate this agreement on the last day of the month
during which such notice is mailed. On the giving of such notice this agreement and the term
hereof shall cease and come to an end on the last day of the month in which the notice is mailed,
with the same force and effect as if such last day of the month were the date originally set forth
as the termination date. For purposes of this agreement, employee shall be deemed to have
become permanently disabled if, during any year of the term hereof, because of ill health,
physical or mental disability, or for other causes beyond his control, he shall have been
continuously unable or unwilling or have failed to perform his duties hereunder for thirty (30)
consecutive days, or if, during any year of the term hereof, he shall have been unable or
unwilling or have failed to perform his duties for a total period of thirty (30) days, whether
consecutive or not. For the purposes hereof, the term "any year of the term hereof" is defined to
mean any period of 12 calendar months commencing on the first day of _____(18)______ and
terminating on the last day of ____(19)_____ of the following year during the term hereof.
Anything herein contained to the contrary notwithstanding, in the event that employer shall
discontinue operations at the premises mentioned above, then this agreement shall cease and
terminate as of the last day of the month in which operations cease with the same force and effect
as if such last day of the month were originally set forth as the termination date hereof.
Employee shall not have the right to make any contracts or other commitments for or on behalf
of employer within the written consent of employer.
This written agreement contains the sole and entire agreement between the parties, and
supersedes any and all other agreements between them. The parties acknowledge and agree that
neither of them has made any representation with respect to the subject matter of this agreement
or any representations inducing the execution and delivery hereof except such representations as
are specifically set forth herein, and each party acknowledges that he or it has relied on his or its
own judgment in entering into the agreement. The parties further acknowledge that any
statements or representations that may have heretofore been made by either of them to the other
are void and of no effect and that neither of them has relied thereon in connection with his or its
dealings with the other.
This agreement and performance hereunder and all suits and special proceedings hereunder shall
be construed in accordance with the laws of the State of _______(20)_______.
This agreement shall be binding on and inure to the benefit of the respective parties and their
respective heirs, legal representatives, successors, and assigns.
"Employer"
____________(21)_______________
"Employee"
____________(22)_______________