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Executive Employment Agreement
Free executive employment agreement template covering compensation, equity, severance, and restrictive covenants for a senior executive hire.
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This free executive employment agreement covers 1. Duties, 2. Compensation, 3. Benefits, 4. Term and Termination, 5. Severance with 14 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Executive Employment Agreement
Company: [Company Name] · Executive: [Name] Position: [Title] · Effective Date: [Date]
1. Duties
Executive will serve as [Title], reporting to [Board/CEO], with duties consistent with that role.
2. Compensation
Base salary: [Amount] per year · Annual bonus target: [%/Amount], based on [Criteria] Equity: [Number] options/RSUs, vesting over [Schedule].
3. Benefits
Executive is eligible for [Company Name]'s standard benefits plans, plus: [Any executive-specific perks].
4. Term and Termination
[ ] At-will employment. [ ] Fixed term of [Duration], renewable by mutual agreement.
5. Severance
If terminated without Cause, Executive will receive: [Severance terms — e.g. months of salary, COBRA coverage, accelerated vesting].
6. Restrictive Covenants
Executive agrees to [confidentiality / non-compete for [Period] where enforceable / non-solicitation of employees and customers for [Period]].
7. Change of Control
[Any provisions triggered by a company sale or merger — e.g. accelerated vesting.]
Company: ______________________ Date: ____________ Executive: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Non-compete enforceability varies enormously by state (some, like California, ban them almost entirely) — have an employment attorney review the restrictive covenants section against the specific state law that will govern this agreement.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 7 standard sections: 1. Duties, 2. Compensation, 3. Benefits, 4. Term and Termination, 5. Severance, 6. Restrictive Covenants, …
- 14 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this executive employment agreement template really free?
Yes, completely free — view, edit, and download this executive employment agreement as a PDF without creating an account.
What does this executive employment agreement cover?
This business template includes 1. Duties, 2. Compensation, 3. Benefits, 4. Term and Termination. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Templates like this cover the common ground most businesses need, but they can't anticipate your specific deal terms, jurisdiction, or industry rules. Treat it as a first draft to build from, and get a business attorney's eyes on it before signing anything that matters.
Can I edit the wording?
Yes. All 14 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
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