Executive Employment Agreement Sample Contracts

Executive Employment Agreement

Companies enter into executive employment agreements with executive level hires. These agreements are important to both parties because of the complex compensation structures they require and the high-level authority and power granted to the executive. Major clauses in the agreement include duties, compensation, and termination. For duties, the agreement covers the company’s expectations and the scope of duties, including incentive goals and management responsibilities. Compensation, including salary, bonuses and stock options are outlined. Finally, the agreement covers termination. This includes whether the executive is “at-will” or can only be let go for “good cause,” and how much advance written notice is required for the company’s termination or the employee’s resignation. Although all executive agreements should be carefully reviewed for financial soundness, public companies must be especially careful. With the recent outrage over executive compensation and the resulting securities reform legislation, public companies may have to disclose the terms of the agreement and get non-binding shareholder approval.

Executive Employment Agreement (January 17th, 2017)

This Executive Employment Agreement ("Agreement") is made effective as of January 13, 2017 ("Effective Date"), by and between Auxilio, Inc., a Nevada corporation ("Company") and Michael H. McMillan ("Executive"). This Agreement is entered into pursuant to a transaction contemplated by that certain Purchase Agreement (as defined below) wherein Company purchased all of the capital stock of CynergisTek, Inc., a Texas corporation ("CynergisTek").

Nuvectra Corp – Executive Employment Agreement (January 17th, 2017)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made between Nuvectra Corporation, a Delaware corporation (the "Company" or "Nuvectra") and Walter Z. Berger ("Executive").

Nuvectra Corp – Executive Employment Agreement (January 17th, 2017)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made between Nuvectra Corporation, a Delaware corporation (the "Company" or "Nuvectra"), and Scott F. Drees ("Executive").

Executive Employment Agreement (January 17th, 2017)

This Executive Employment Agreement ("Agreement") is made effective as of January 13, 2017 ("Effective Date"), by and between Auxilio, Inc., a Nevada corporation ("Company") and Dr. Michael G. Mathews ("Executive"). This Agreement is entered into pursuant to a transaction contemplated by that certain Purchase Agreement (as defined below) wherein Company purchased all of the capital stock of CynergisTek, Inc., a Texas corporation ("CynergisTek").

Avenue Therapeutics, Inc. – Executive Employment Agreement (January 12th, 2017)

This Executive Employment Agreement (this "Agreement") is made and entered into as of June 10, 2015 by and between Avenue Therapeutics, Inc. (the "Company") and Lucy Lu, M.D. ("Executive"). The Company and Executive are hereinafter collectively referred to as the "Parties", and individually referred to as a "Party".

Executive Employment Agreement (January 11th, 2017)

THER EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as of the 11th day of January 2017 with an effective date of the 1st of December, 2016 (the "Start Date"), by and between Meng Li (the "Executive") and Avalon (Shanghai) Healthcare Technology Co. Ltd, (the "Company"), a wholly-owned subsidiary company of Avalon GloboCare Corp., a Delaware corporation, currently headquartered at 83 South Street, Suite 101, Freehold, New Jersey 07728

Alliance MMA, Inc. – Executive Employment Agreement (January 10th, 2017)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement"), is entered into and effective January 4, 2017, by and between ALLIANCE MMA, INC., a Delaware corporation ("Alliance"), and Brian Butler-Au, an individual and resident of the Commonwealth of Virginia ("Executive").

Alliance MMA, Inc. – Executive Employment Agreement (January 10th, 2017)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement"), is entered into and effective January 4, 2017, by and between ALLIANCE MMA, INC., a Delaware corporation ("Alliance"), and Bryan Hamper, an individual and resident of the State of Maryland ("Executive").

Energy XXI Gulf Coast, Inc. – Energy Xxi Gulf Coast, Inc. Executive Employment Agreement (January 6th, 2017)

This Employment Agreement (this "Agreement") by and between Energy XXI Gulf Coast, Inc., a Delaware corporation (the "Company"), and John D. Schiller, Jr. ("Executive") is entered into effective as of December 30, 2016 (the "Effective Date").

EXECUTIVE EMPLOYMENT AGREEMENT BETWEEN EDUCATION REALTY TRUST, INC. AND Edwin Boyd Brewer, Jr. August 5, 2014 (As Amended January 1, 2017) EXECUTIVE EMPLOYMENT AGREEMENT (January 5th, 2017)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") by and between Education Realty Trust, Inc., a Maryland corporation (the "Company"), and Bill Brewer ("Executive" and, together with the Company, the "Parties") is effective as of August 5, 2014 (the "Effective Date") and amended as of January 1, 2017 to increase the Term of the Agreement one year to coincide with the terms of the other executive officers of the Company.

Oncobiologics, Inc. – EXECUTIVE Employment Agreement (January 5th, 2017)

This Executive Employment Agreement dated as of February 22, 2016 ("Agreement") is by and between Kogan K. Bao, Ph.D. ("Executive") and Oncobiologics, Inc. ("Company").

Monotype Imaging Holdings – Executive Employment Agreement (January 3rd, 2017)

This EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement) is entered into as of this 3rd day of January, 2017 (the Effective Date), by and between Anthony Callini (the Executive) and Monotype Imaging Inc., a Delaware corporation (the Company).

Executive Employment Agreement (January 3rd, 2017)

Mattersight Corporation (the "Company"), and David Mullen, an individual ("Employee"), enter into this Executive Employment Agreement ("Agreement") as of January 3, 2017 (the "Effective Date").

Teladoc, Inc. – Amendment No. 1 to Executive Employment Agreement (December 30th, 2016)

This Amendment No. 1 to Executive Employment Agreement (this "Amendment"), by and between Teladoc, Inc., a Delaware corporation ("Teladoc"), and Mr. Mark Hirschhorn, an individual resident in the State of New York ("Executive"), is made as of December 27, 2016.

HCI Group – Executive Employment Agreement (December 30th, 2016)

THIS AGREEMENT, dated December 30, 2016, is by and between HCI Group, Inc. (the Company), a Florida corporation having its principal place of business at 5300 West Cypress Street, Suite 100, Tampa, Florida 33607, and Paresh Patel (the Executive).

USA Mobility, Inc. – Executive Employment Agreement (December 28th, 2016)

This Executive Employment Agreement, dated as of December 28, 2016 (the "Agreement") is made by and between Spok Holdings, Inc., a Delaware corporation (the "Company" or "Spok Holdings") and Vincent D. Kelly (the "Executive").

Cardinal Financial Corporation – Amendment of the Executive Employment Agreement (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Alice P. Frazier (you and all similar references), collectively the parties, is entered into and is effective as of December 20, 2016.

Cardinal Financial Corporation – Amendment of the Executive Employment Agreement (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Bernard H. Clineburg (you and all similar references), collectively the parties, is entered into and is effective as of December 21, 2016.

Cardinal Financial Corporation – Amendment of the Executive Employment Agreement (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Bernard H. Clineburg (you and all similar references), collectively the parties, is entered into and is effective as of December 21, 2016.

Cardinal Financial Corporation – Amendment of the Executive Employment Agreement (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Alice P. Frazier (you and all similar references), collectively the parties, is entered into and is effective as of December 20, 2016.

Cardinal Financial Corporation – Executive Employment Agreement and Waiver (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement and Waiver (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Christopher W. Bergstrom (you and all similar references), collectively the parties, is entered into and is effective as of December 22, 2016, except with respect to the waiver by you as set forth in new Section 2(c) below, which waiver is effective as of the date the 2016 Change in Control Payment is paid to you.

Cardinal Financial Corporation – Executive Employment Agreement and Waiver (December 22nd, 2016)

This AMENDMENT of the Executive Employment Agreement and Waiver (this Amendment) by and between Cardinal Financial Corporation, a Virginia corporation (Cardinal), and Christopher W. Bergstrom (you and all similar references), collectively the parties, is entered into and is effective as of December 22, 2016, except with respect to the waiver by you as set forth in new Section 2(c) below, which waiver is effective as of the date the 2016 Change in Control Payment is paid to you.

Endo International plc – Executive Employment Agreement (December 22nd, 2016)

THIS AGREEMENT (this "Agreement") is by and between Endo Health Solutions Inc. (the "Company"), a wholly-owned subsidiary of Endo International plc ("Endo"), and Blaise Coleman ("Executive") (hereinafter collectively referred to as "the parties").

Jagged Peak Energy Inc. – Executive Employment Agreement (December 19th, 2016)

This EXECUTIVE EMPLOYMENT AGREEMENT (this Agreement) is made effective as of this 3rd day of April, 2013 (the Effective Date), by and among JAGGED PEAK ENERGY MANAGEMENT LLC, a Delaware limited liability company (the Company), and Gregory S. Hinds (Executive). Terms used in this Agreement and not otherwise defined shall have the respective meanings given to such terms in the Limited Liability Company Agreement of Jagged Peak Energy LLC, dated effective as of the Effective Date (the Company Agreement).

Jagged Peak Energy Inc. – Executive Employment Agreement (December 19th, 2016)

This EXECUTIVE EMPLOYMENT AGREEMENT (this Agreement) is made effective as of this 3rd day of April, 2013 (the Effective Date), by and among JAGGED PEAK ENERGY MANAGEMENT LLC, a Delaware limited liability company (the Company), and Joseph N. Jaggers, III (Executive). Terms used in this Agreement and not otherwise defined shall have the respective meanings given to such terms in the Limited Liability Company Agreement of Jagged Peak Energy LLC, dated effective as of the Effective Date (the Company Agreement).

Executive Employment Agreement (December 16th, 2016)

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement"), effective January 1, 2017 (the "Effective Date"), is made between Costco Wholesale Corporation, a Washington corporation (the "Company"), and W. Craig Jelinek ("Executive").

Executive Employment Agreement (December 16th, 2016)

This Executive Employment Agreement ("Agreement") is made and effective this date of December 12, 2016, by and between TRACK GROUP, INC., a Delaware corporation (the "Company" and, together with its subsidiaries, the "Company Group") and PETER K. POLI, an individual resident of the State of Michigan ("Employee").

MFRI, Inc. – Executive Employment Agreement (December 13th, 2016)

This Employment Agreement is entered into as of the date of the last signature affixed hereto, by and between MFRI, Inc., a Delaware corporation ("MFRI" or "the Company"), and David J. Mansfield ("Employee").

Endo International plc – Executive Employment Agreement (December 9th, 2016)

THIS AGREEMENT (this "Agreement") is hereby entered into as of the 9th day of December, 2016 (the "Effective Date"), by and between Endo Health Solutions Inc. (the "Company"), a wholly-owned subsidiary of Endo International plc ("Endo"), and Terrance J. Coughlin ("Executive") (hereinafter collectively referred to as "the parties").

Stillwater Mining Company – Side Letter to Executive Employment Agreement Agreement (December 9th, 2016)

In consideration of the foregoing recitals and the covenants and promises contained in this Side Letter, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Employer and Executive agree that notwithstanding Section 5.7 of the Agreement and in addition to the benefits provided therein, Employer agrees to provide Executive with the following relocation benefits:

Executive Employment Agreement (December 7th, 2016)

This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of the 1st day of December 2016, by and between Majesco Entertainment Company, a Delaware corporation headquartered at 404I-T Hadley Road, S. Plainfield, New Jersey 07080 ("Parent") and Denver Lough, an individual ("Executive"). As used herein, the "Effective Date" of this Agreement shall mean the Closing date as defined in that certain Merger Agreement (as defined below) and executed contemporaneously herewith.

Executive Employment Agreement (December 7th, 2016)

ARIAD Pharmaceuticals, Inc. (the Company) a Delaware corporation, and Timothy P. Clackson, Ph.D. (the Employee) enter into the following Executive Employment Agreement as of the 1st day of December, 2016 (hereafter, the Agreement).

Executive Employment Agreement (December 7th, 2016)

ARIAD Pharmaceuticals, Inc. (the Company), a Delaware corporation, and Hugh M. Cole (the Employee) enter into the following Executive Employment Agreement as of the 1st day of December, 2016 (hereafter, the Agreement).

Executive Employment Agreement (December 7th, 2016)

ARIAD Pharmaceuticals, Inc. (the Company), a Delaware corporation, and Daniel M. Bollag, Ph.D. (the Employee) enter into the following Executive Employment Agreement as of the 1st day of December, 2016 (hereafter, the Agreement).

Executive Employment Agreement (December 7th, 2016)

This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of the 1st day of December 2016, by and between Majesco Entertainment Company, a Delaware corporation headquartered at 404I-T Hadley Road, S. Plainfield, New Jersey 07080 ("Parent") and Edward Swanson, an individual ("Executive"). As used herein, the "Effective Date" of this Agreement shall mean the Closing date as defined in that certain Merger Agreement (as defined below) and executed contemporaneously herewith.