Executive Employment Agreement
(Pro-employer) (PA)

Summary

This template is an executive employment agreement between a single employer and executive. 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 template is state-specific to Pennsylvania and your agreement should be tailored to suit the relevant circumstances of your agreement, including consideration of relevant state or local employment law issues. 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 a full listing of related ancillary agreement content, see Ancillary Agreements in M&A Transactions Resource Kit. For an executive-friendly agreement, see Executive Employment Agreement (Pro-executive) (PA). For additional guidance, see the Executive Employment Agreement Resource Kit, which includes the practice notes 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 280G Resource Kit. To compare state and federal laws on restrictive covenants and terminations in employment agreements, see the Labor and Employment State Law Comparison Tool. Executive Employment Agreement Precedents You can find precedents of executive employment agreements with Market Standards–Employment Agreements, the searchable database from Practical Guidance of publicly filed executive employment agreements that enables users to search, compare, and analyze over 6,000 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. Click here to access employment agreements on Market Standards. Following are Market Standards links to the results page for recently filed agreements and the information/agreement page for selected agreements: • Results page for covered agreements filed with the SEC within the last 60 days • First American Financial Corporation, CEO (February 20, 2024) • Dyne Therapeutics, Inc. President & CEO (March 21, 2024) • SANUWAVE, Inc., CFO (March 26, 2024) • Nauticus Robotics, Inc., CEO (February 21, 2024) • Vimeo, Inc., CEO (March 26, 2024) • Shake Shack Enterprises, LLC, CEO (March 18, 2024)