Employment Law
Employment Agreements
An employment agreement is like a blueprint to the employment relationship. It sets out the parameters, entitlements, obligations and restrictions in a relationship between an employer and an employee.
Areas Covered by An Employment Agreement
An employment agreement will dictate entitlements, and obligations in the following areas:
- Salary and bonuses
- Group health benefits
- Equity incentives such as stock options, restricted stock, and RSUs
- Other fringe benefits such as employee discounts, gym memberships, company vehicle and car allowances
- Termination packages including required notice
- Restrictive covenants such as non-competition and non-solicitation clauses, which restrict an employee’s post-termination activities
- Confidentiality intellectual property
Items That Might Render An Employment Contract Invalid
For an employment contract to be considered valid it must meet certain basic conditions:
- Offer and acceptance – both parties must come to a common understanding of the terms of employment
- The terms of the contract must not be considered unconscionable or illegal
- There must be “consideration” for entering into the contract
Book A Consultation With An Employment Lawyer Today
If you require an employment lawyer to draft or review an employment agreement, contact Haber Lawyers today, and one of our experienced employment lawyers would be happy to assist you.
