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Startup Employment Agreement
I need a Startup Employment Agreement for a senior software engineer in Hong Kong, starting March 2025, with provisions for share options vesting over 4 years and strong IP protection clauses for our AI technology company.
1. Parties: Identifies the employer (startup company) and the employee, including their respective addresses and registration details
2. Background: Brief context about the startup, the nature of employment, and the purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement, including company-specific and startup-related terminology
4. Appointment and Term: Details of the position, employment term (fixed/indefinite), and probationary period if applicable
5. Duties and Responsibilities: Outline of the employee's role, reporting structure, and key responsibilities
6. Place of Work: Primary work location and any flexibility arrangements
7. Hours of Work: Standard working hours, flexibility requirements, and overtime arrangements
8. Remuneration: Base salary, payment frequency, and method of payment
9. Benefits: Mandatory benefits under Hong Kong law including MPF, annual leave, sick leave, and other standard benefits
10. Confidential Information: Definition and protection of company confidential information
11. Intellectual Property: Assignment of IP rights for work created during employment
12. Non-Competition and Non-Solicitation: Post-employment restrictions on competing activities and solicitation of employees/clients
13. Termination: Grounds for termination, notice periods, and procedures
14. Return of Company Property: Obligations regarding return of company assets upon termination
15. Governing Law: Specification of Hong Kong law as governing law
16. Entire Agreement: Standard entire agreement clause
17. Signatures: Execution blocks for both parties
1. Equity Compensation: Details of any share options, RSUs, or other equity arrangements - include if the startup offers equity compensation
2. Variable Compensation: Structure of bonus, commission, or other performance-based compensation - include if applicable
3. Flexible Working Arrangements: Remote work policies and flexible scheduling - include if the startup offers flexible working options
4. International Travel: Terms regarding international travel and related allowances - include if role requires travel
5. Data Protection: Specific provisions about handling personal and customer data - include if role involves sensitive data handling
6. Training Commitments: Any mandatory training requirements and associated bonds - include if specific training is required
7. Secondment Provisions: Terms for potential secondment to other offices or affiliates - include if relevant to the business structure
8. Garden Leave: Provisions for garden leave during notice period - include for senior positions
1. Schedule 1 - Job Description: Detailed description of the role, responsibilities, and performance expectations
2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, benefits, and any variable compensation
3. Schedule 3 - Share Option Terms: Details of any share option or equity compensation scheme
4. Schedule 4 - Company Policies: Key company policies that form part of the employment terms
5. Schedule 5 - Restricted Activities: Detailed list of restricted activities under non-compete and non-solicitation provisions
6. Appendix A - Confidentiality Agreement: Detailed confidentiality terms and requirements
7. Appendix B - IP Assignment Agreement: Detailed terms of intellectual property assignment
Authors
Technology
Financial Technology
E-commerce
Biotechnology
Clean Technology
Software Development
Digital Media
Healthcare Technology
Artificial Intelligence
Blockchain
Internet of Things
Educational Technology
Gaming
Mobile Applications
Sustainable Energy
Engineering
Product Development
Design
Operations
Marketing
Sales
Customer Success
Research & Development
Data Science
Business Development
Human Resources
Finance
Legal
Growth
User Experience
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
Chief Operating Officer
Chief Product Officer
Software Engineer
Product Manager
UX/UI Designer
Data Scientist
Business Development Manager
Marketing Manager
Operations Manager
Full Stack Developer
Growth Hacker
Customer Success Manager
Sales Representative
Technical Lead
Research Scientist
Content Strategist
Digital Marketing Specialist
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