Executive Employment Agreement
(Pro-employer) (IL)

Summary

This template is an executive employment agreement between a single employer and an executive for use in the state of Illinois. The agreement contains most of the features that would typically be covered in an executive employment agreement but is weighted in the employer's favor. This template includes practical guidance, drafting notes, and alternate and optional clauses. This executive employment agreement binds the executive to arbitration and contains a number of pro-employer restrictive covenants on the executive, including non-solicitation, non-competition, non-disclosure, non-disparagement, and proprietary information restrictive covenants. For an executive-friendly agreement that is not state-specific, see Executive Employment Agreement (Pro-executive). For additional guidance, see Executive Employment Agreement Negotiation and Drafting (Pro-employer), Executive Employment Agreement Negotiation and Drafting (Pro-executive), and Executive Employment Agreement Insights: From High Stakes to Competing Interests. See also the related templates Executive Employment Agreement Term Sheet, Executive Offer Letter, and Section 409A Resource Kit. Executive Employment Agreement Precedents You can find precedents of executive employment agreements with Market Standards–Employment, the searchable database from Practical Guidance of publicly filed executive employment agreements that enables users to search, compare, and analyze over 7,500 agreements, dated from 2017 to the present, using approximately 75 detailed deal points to filter search results. For more information on Market Standards–Employment Agreements coverage, click here. For a listing of key content concerning executive employment agreements, see Executive Employment Agreement Resource Kit To compare state and federal laws on restrictive covenants and terminations in employment agreements, see the Employee Benefits & Executive Compensation State Law Comparison Tool.