As a general manager, having a comprehensive agreement in place is crucial to ensuring that your working relationship with your employer runs smoothly. A well-drafted general manager agreement is a legally binding document that outlines the rights and responsibilities of both parties. In this article, we’ll provide you with a sample general manager agreement that you can use as a basis for creating your own.
Introduction:
This section provides the necessary background information, including the name and address of the employer and the general manager, their respective roles and responsibilities, and the effective date of the agreement.
Scope of Work:
This section outlines the specific duties and responsibilities of the general manager. It includes a detailed description of the job, including the expectations, deliverables, and expected outcomes.
Term:
This section outlines the duration of the agreement, including the start and end date. It may also include provisions for renewals or early termination.
Compensation:
This section outlines the general manager’s compensation, including annual salary, bonuses, and other benefits. It may also include provisions for reimbursement of expenses related to the general manager’s job.
Confidentiality and Non-Disclosure:
This section outlines the confidentiality agreement between the employer and the general manager. It includes the employer’s proprietary information, including trade secrets, customer lists, and financial information. This section also outlines the consequences of a breach of confidentiality.
Termination:
This section outlines the circumstances under which the agreement may be terminated, including for cause or without cause. It may also include provisions for severance pay.
Governing Law and Jurisdiction:
This section outlines the governing law that will be applied to the agreement and specifies the jurisdiction for any legal proceedings that may arise.
Indemnification:
This section outlines the employer’s obligation to protect the general manager against any claims, damages, or losses that may arise from the performance of their duties.
Amendments:
This section outlines the process for amending the agreement and requires that any amendments be in writing and signed by both parties.
Conclusion:
A well-drafted general manager agreement is essential for both the employer and the general manager to ensure a clear understanding of the terms and conditions of their working relationship. By using the above sample agreement as a basis, you can customize the agreement to fit your specific needs and ensure compliance with local laws and regulations. A well-drafted general manager agreement can help build trust between both parties and ensure a successful working relationship.