Sample Employment Agreement Template

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Sample Employment Agreement
An agreement between _______________, Main Street Executive Director and the
______________ Main Street Program.
_____________Main Street, inc. agrees to pay __________________, Executive
Director, an annual salary of $__________ beginning ________________. Salary is to
be paid on a bi-monthly basis (or every other Friday.) A performance review will occur
after a ___ (three-month) period. A salary review will occur during the anniversary
month of hire, with a possible salary adjustment based on execution of the Executive
Director’s job description.
__________________ will also receive paid compensation at the regular rate for ___ (7?)
holidays (New Year’s Day, Good Friday (1/2 day), Memorial Day, Independence Day,
Labor Day, Thanksgiving Day, Christmas Eve (1/2 day) and Christmas Day, and up to
120 hours of personal time; 80 hours (10 days) is to be regarded as vacation time and the
remaining 40 hours as sick/personal time. Personal time can be accumulated to a
maximum of 240 hours. This personal time begins to accumulate with the first day of
employment and accrues at the rate of 8 hours per month. Personal time is not
accumulated on unpaid leaves of absence or layoff. (Consider adding in paid
bereavement time in case of an immediate family member’s death.)
An allowance of $_______ per month will be provided for health insurance premiums.
The carrier chosen by the Executive Director.
An allowance of $____ per year will be provided for membership dues to service clubs.
Main Street business related mileage will be reimbursed at the current rate allowable by
the IRS per mile. With proper documentation, mileage and other business related
expenses will be reimbursed.
___________________, Executive Director will report directly to the
Chairman/President of the Main Street Board of Directors.
Termination of this agreement by either party may be made with a two (2) weeks written
notice.
____________________________________
______________
President/Chairman, __________ Main Street
Date
____________________________________
______________
Main Street Executive Director
Date
(Make any revisions appropriate for your community. This is just a sample)

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