Employment Agreements play a vital role in the employment relationship for both employers and employees. While not critical for all job categories, employers should consider implementing Employment Agreements for executives, employees involved in sales, IT employees, and others with access to confidential information. A well-crafted Employment (or Executive) Agreement defines the duties and responsibilities of the employee, provides for compensation and benefits, the term of employment, grounds for termination, whether severance pay will be provided in certain circumstances, and can include restrictions on the employee's post-employment activities that serve to protect the employer, including non-compete and non-solicitation prohibitions.
