This Senior Executive Employment Agreement sets out the usual range of terms encompassed in a senior executive's engagement. It includes stipulations as to confidentiality, intellectual property and confirms that the relationship is one of employer/employee and that no other relationship exists. The Senior Executive Employment Agreement includes a comprehensive restraint of trade with cascading provisions.

As well as contractual duties, an employee owes a duty of fidelity and good faith to his/her employer as well as "certain duties of confidentiality". However these duties end on cessation of employment.

An employee may compete with his/her former employer after the employment has ended unless there is a restrictive covenant/restraint of trade agreement in place prior to the employee leaving the employment.

This Senior Executive Employment Agreement includes the following provisions:

1. Definitions and Interpretation
2. Employment of the Senior Executive
3. Employee's Responsibilities
4. Duties of Employee
5. Salary & Remuneration
6. Expenses
7. Leave Entitlements
8. Confidentiality
9. Intellectual Property
10. Restraint
11. Termination
12. Survival of Obligations
13. Notices
14. Relationship
15. Amendment of Agreement
16. Governing Law & Jurisdiction
17. Severability
18. Waivers
19. Whole Agreement

LAWLIVE recommends: this is a document which involves the creation of complex legal rights and obligations and may give rise to various taxation and liability consequences. The best way to use this document is to complete it, print it out, print out all of the checklists that apply to it and all other LawLive information that relates to this type of document. When you have done this, LawLive recommends you instruct lawyers to assist you in the finalisation of the document and that you take tax advice from your accountant or tax adviser as to any income tax, capital gains or GST consequences.