Golden Parachute Agreement Template

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Golden Parachute Agreement Template

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Golden Parachute Agreement Template (1)
Between:
[Name of the Executive]
[Executive’s ID]
[Executive’s Address]
[Executive’s Phone]
[Executive’s Email]
And:
[Name of the Company]
[Company ID]
[Company’s Address]
Introduction:
This Agreement outlines the terms and conditions under which the Executive will receive a compensatory benefits package in the event of termination of employment following a change in control of [Company Name].
Clause 1: Definition of Change in Control
For purposes of this Agreement, a “Change in Control” shall occur if: [Define the conditions that qualify as a change in control].
Clause 2: Severance Benefits
In the event of a Change in Control, the Executive shall be entitled to receive severance benefits as follows: [Specify details of the severance package].
Clause 3: Additional Compensation
The Executive will be entitled to receive an additional compensation amount of [Amount], payable within [Specify timeframe].
Clause 4: Health Benefits
The Executive will continue to receive health benefits for a period of [Specify duration] following the termination date, equivalent to the benefits provided prior to termination.
Clause 5: Agreement to Non-Compete
The Executive agrees to a non-compete clause for a period of [Specify duration] from the termination date under the following conditions: [Specify conditions].
Clause 6: Governing Law
This Agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Executive]
[Name of the Executive]
[Signature of the Company Representative]
[Name of the Company Representative]
Golden Parachute Agreement Template (2)
Between:
[Name of the Executive]
[Executive’s ID]
[Executive’s Address]
[Executive’s Phone]
[Executive’s Email]
And:
[Name of the Company]
[Company ID]
[Company’s Address]
Introduction:
This Golden Parachute Agreement is made to provide the Executive with certain benefits if employment is terminated following a Change in Control of the Company.
Clause 1: Change in Control Definition
“Change in Control” involves the following situations: [Define specific situations].
Clause 2: Cash Severance
Upon termination, the Executive shall receive a cash payment of [Amount], which reflects [Specify basis for calculation].
Clause 3: Stock Options
Additionally, the Executive shall have the right to exercise any unvested stock options as of the time of termination.
Clause 4: Retirement Benefits
The Executive will maintain eligibility for retirement benefits accrued prior to the termination date.
Clause 5: Non-Solicitation Clause
The Executive agrees not to solicit any employees or customers of the Company for a period of [Specify duration] following the termination.
Clause 6: Dispute Resolution
Any disputes arising under this Agreement shall be resolved through [Specify method of dispute resolution, e.g., arbitration].
Signed in [City], [Date].
Sincerely,
[Signature of the Executive]
[Name of the Executive]
[Signature of the Company Representative]
[Name of the Company Representative]

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Please complete the form below to create the Golden Parachute Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Golden Parachute Agreement Template

1. Executive Information


2. Company Information


3. Agreement Details


4. Severance Payment

5. Equity Vesting

6. Benefits Continuation

7. Non-Compete Clause

8. Confidentiality Terms

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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Golden Parachute Agreement Template

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Golden Parachute Agreement Template