You can open the Golden Parachute Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Golden Parachute Agreement Template Printable | Editable FormSample
[Name of the Executive]
[Executive’s ID]
[Executive’s Address]
[Executive’s Phone]
[Executive’s Email]
[Name of the Company]
[Company ID]
[Company’s Address]
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].
For purposes of this Agreement, a “Change in Control” shall occur if: [Define the conditions that qualify as a change in control].
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].
The Executive will be entitled to receive an additional compensation amount of [Amount], payable within [Specify timeframe].
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.
The Executive agrees to a non-compete clause for a period of [Specify duration] from the termination date under the following conditions: [Specify conditions].
This Agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Executive]
[Name of the Executive]
[Signature of the Company Representative]
[Name of the Company Representative]
[Name of the Executive]
[Executive’s ID]
[Executive’s Address]
[Executive’s Phone]
[Executive’s Email]
[Name of the Company]
[Company ID]
[Company’s Address]
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.
“Change in Control” involves the following situations: [Define specific situations].
Upon termination, the Executive shall receive a cash payment of [Amount], which reflects [Specify basis for calculation].
Additionally, the Executive shall have the right to exercise any unvested stock options as of the time of termination.
The Executive will maintain eligibility for retirement benefits accrued prior to the termination date.
The Executive agrees not to solicit any employees or customers of the Company for a period of [Specify duration] following the termination.
Any disputes arising under this Agreement shall be resolved through [Specify method of dispute resolution, e.g., arbitration].
[Signature of the Executive]
[Name of the Executive]
[Signature of the Company Representative]
[Name of the Company Representative]
Form
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
PDF
WORD
Golden Parachute Agreement Template Printable | Editable FormPrintable
