template

Senior Employment Agreement

by
C
Chris Young
Nov, 01 2022

When to use this template

We have used this senior employment agreement to hire 20+ employees at Genie AI.

The agreement is structured so that all the key commercial terms that would change per employee are kept at the bottom in a table in the schedule, to make it easy to use on an ongoing basis

Since this is a senior employment contract, it contains a significant amount of provisions for restrictive covenants, such as non-solicitation (enticing away of customers, business or employees after the employee has left) and non-compete clauses

Key issues covered in this template

  • Remuneration and benefits
  • Pension arrangements
  • Incentive schemes
  • Restrictive covenants
  • Other employment
  • Place and hours of work
  • Gifts and inducements
  • Intellectual property rights
  • Illness and medical reports
  • Term and termination
  • Payment in lieu
  • Garden leave
  • Grievance procedure
  • Disciplinary and dismissal procedures
  • Remote working policy

What to watch out for

  • There is provision to make reference to an incentive scheme such as an EMI option scheme, however it is recommended to keep this in a separate agreement, in order to avoid a binding promise and avoid variations to the incentive scheme resulting in variations to the terms of employment

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Used by

Author

C

Chris Young

@chris75410632
Genie AI

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+8 more
Technology
21%
Consultancy
14%
Legal Services
9%
Other
7%
Finance
7%
Consumer, Public & Health Services
5%
Media
5%
Construction
4%
Education
3%
Agriculture, Forestry and Fishing
3%
Transport
3%
Manufacturing
3%
Retail
3%
Real Estate
3%
Insurance
2%
Wholesale
2%
Public Administration
2%
Energy
2%
Mining
1%
Sport & Entertainment
1%

Additional information

Business categories

Business activities

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Transport

Wholesale

Manufacturing

Energy

Retail

Finance

Real Estate

Consumer, Public & Health Services

Media

Insurance

Legal Services

Education

Technology

Sport & Entertainment

Consultancy

Public Administration

Other

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes