Employment Agreement: senior employee

Employment Agreement: senior employee

Employment agreement for a senior employee.

Background

What should be covered in an employment agreement for a senior employee?

The employment agreement for a senior employee will likely be longer and more sophisticated than an employment contract for a more junior employee.  A senior employee’s contract will contain additional terms which may not be applicable for a junior employee, including:

• notice period: a longer notice period to be given to terminate the employment
• probation: no probationary period of employment
• directorship: obligation to act as a company director if required by the company
• bonus: discretionary or contractual bonus entitlement
• benefits: additional benefits, for example company car allowance, medical insurance and permanent health insurance
• intellectual property: provisions regarding the ownership of intellectual property created during the employment
• garden leave: right for the company to put the employee on garden leave during any period of notice
• restrictive covenants: post-termination restrictive covenants from the employee

About this employment agreement

This agreement is for the employment of a senior employee.

Document features

Features include:

• full form employment contract in agreement form
• 34 clauses over 15 pages
• particulars to be provided by the employer as the written statement of particulars of employment under section 1 of the Employment Rights Act 1996
• additional clauses suitable for a senior employee, including:
  • directorship clause
  • additional benefits, including car allowance or company car, medical insurance and private health insurance
  • garden leave
  • intellectual property provisions
  • post-termination restrictive covenants

Explanatory guidance

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