Document background
The Key Employee Agreement is essential for businesses operating in the Philippines who wish to secure and retain high-value employees while protecting company interests. This agreement is specifically designed for employees in senior positions, those with access to confidential information, or individuals crucial to the company's operations. It complies with Philippine labor laws, including the Labor Code and relevant employment legislation, while incorporating provisions for intellectual property protection, confidentiality, and non-competition. The document is particularly relevant when hiring executives, technical experts, or specialists who will have significant responsibility or access to sensitive company information. It provides more comprehensive provisions than standard employment contracts, reflecting the employee's strategic importance to the organization.
