Employment Agreement (Canada) PDF

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The key takeaways from the document are that it outlines an employment agreement between an employer (Yau Developments Corporation) and an employee to work as an Asset Manager (Investment). The agreement details the employee's job duties and responsibilities, compensation, benefits, confidentiality terms, and conditions for termination of employment.

The employee's main job responsibilities include monitoring crypto-currency markets, performing transactions like purchases and sales of crypto-currencies, carrying out deposit, withdrawal, transfer and currency conversion instructions for investment accounts, and preparing and verifying daily and monthly reports.

The benefits the employee receives include medical and dental insurance, transportation costs, and 25 days of paid time off per year as well as up to 10 days of paid sick leave per year.

Employment Agreement

Job title: Asset Manager (Invest)

BACKGROUND:

A. The Employer is of the opinion that the Employee has the necessary qualifications,
experience and abilities to assist and benefit the Employer in its business.
B. The Employer desires to employ the Employee and the Employee has agreed
to accept and enter such employment upon the terms and conditions set out in
this Agreement.

1. Employment. Company shall employ Employee as an Asset Manager (Investment) on a


full time basis under this Agreement. In this capacity, Employee shall have the following
duties and undertake the following responsibilities:

1. Crypto-currency market monitoring. Track daily changes inthe


course of various crypto-currency
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Dash
(DASH) and other.
2. Perform transactions, crypto-currency purchases and
sales, and transaction adjustments, if necessary.
3. Carry out of deposit, withdrawal, transfer and currency
conversion instructions for all investment accounts.
4. Prepare and verify daily reports. Compile monthly reports.

Employee shall perform such other duties as are customarily performed by other
persons in similar positions, including other duties as may arise from time to time and as
may be assigned.

2. Performance of Duties. Employee shall perform assigned duties and responsibilities


in a professional manner, in good faith, and to the best of Employee’s skills, abilities,
talents and experience.
3. Term. Employee’s employment under this Agreement shall begin on this day of
, 20_ and be for an unspecified term on an “at will” basis.
Employee’s probation period shall be 10 business days, starting from the first day of
Employee’s employment. In the event that Employee fails to pass the probation period,
Company may terminate this Agreement immediately by giving notice to Employee.
4. Compensation.

(a) Base Salary. As compensation for the services provided by Employee under this
Agreement, Company will pay Employee $1400 for a full time or $700 for a part time,
a week after taxes. The amount will be paid every two week. Employer shall deduct
or withhold any and all federal income and social security taxes and state or local
taxes as required by law.
(b) Overtime. Employee shall receive over time compensation of$40
for each hour worked beyond 8 hours in day.
(c) Commission. Employee shall receive $80 from each transfer for the purchase
of the crypto-currency.
5. Benefits.
 Full training
 Career
 Medical and dental insurance
 Transportation costs
6. Work Location. Employee will primarily perform their employment duties at
home between the hours of 9 AM. and 5 PM.
Paid Time Off. Employee shall be entitled to paid time off in the amount of 25 days per
year, or as required by state and local laws. Sick Leave. Employee shall be entitled to
paid sick leave of up to 10 days per year.
7. Non-Compete. Employee agrees and covenants during the term of this
Agreement, and for a period of 6 months following the voluntary or
involuntary termination of Employee’s employment not to:
1. provide goods or services which directly or indirectly compete with Company
2. invest either directly or indirectly in a business that
directly or indirectly compete with Company
3. solicit Company employees to leave their employment
4. engage in any other activities that result in injury to Company
8. Confidentiality.
a. Confidential and Proprietary Information. In the course of employment, Employee
will be exposed to confidential and proprietary information of Company. Confidential and
proprietary information shall mean any data or information that is competitively sensitive
material and not generally known to the public, including, but not limited to, information
relating to development and plans, marketing strategies, finance, operations, systems,
proprietary concepts, documentation, reports, data, specifications, computer
software, source code, object code, flow charts, data, databases, inventions, know-how,
trade secrets, customer lists, customer relationships, customer profiles, supplier lists,
supplier relationships, supplier profiles, pricing, sales estimates, business plans and
internal performance results relating to the past, present or future business activities,
technical information, design, process, procedure, formula, or improvement, which
Company considers confidential and proprietary. Employee acknowledges and agrees
that the confidential and proprietary information is valuable property of Company,
developed over a long period of time at substantial expense and that it is worthy of
protection.
b. Confidentiality Obligations. Except as otherwise expressly permitted in this
Agreement, Employee shall not disclose or use in any manner, directly or indirectly, any
confidential and proprietary information either during the term of this Agreement or at
anytime thereafter, except as required to perform their duties and responsibilities or with
Company or written consent.
c. Rights in Confidential and Proprietary Information. All ideas, concepts, work
product, information , written material or other confidential and proprietary information
disclosed to Employee by Company are and shall remain the sole and exclusive
property of Company, and are disclosed or permitted to be acquired by Employee
solely in reliance on Employee’s agreement to maintain them in confidence and not
to use or disclose them to any other person except in furtherance of Company’s
business. Except as expressly provided herein, this Agreement does not confer any
right, license, ownership or other interest or title in, to or under the confidential and
proprietary information to Employee.
d. Irreparable Harm. Employee acknowledges that use or disclosure of any confidential
and proprietary information in a manner inconsistent with this Agreement will give rise
to irreparable injury for which damages would not be an adequate remedy.
Accordingly, in addition to any other legal remedies which may be available at law or in
equity, Company shall be entitled to equitable or injunctive relief against the
unauthorized use or disclosure of confidential and proprietary information. Company
shall been titled to pursue any other legally permissible remedy available as a result of
such breach, including but not limited to damages, both direct and consequential. In
any action brought by Company under this Section, Company shall be entitled to
recover its attorney’s fees and costs from Employee.

9. Ownership of Work Product. The Parties agree that all work product, information or
other materials created and developed by Employee in connection with the
performance of duties and responsibilities under this Agreement and any resulting
intellectual property right share the sole and exclusive property of Company.

10. Termination. This Agreement may be terminated immediately by Company in the


event Employee violates any provision of this Agreement. At the time of termination,
Employee agrees to return all Company property, including but not limited to computers,
cell-phones, and any other electronic devices. Employee shall reimburse Company for
any Company property lost or damaged in an amount equal to the market price of such
property. The rights and obligations of the Parties set forth in Non-Compete,
Confidentiality, Ownership of Work Product, Termination and Miscellaneous is intended
to survive termination, and will survive termination of this Agreement.
11. Miscellaneous.
a. Authority to Contract. Employee acknowledges and agrees that Employee does not
have authority to enter into any binding contracts or commitments for or on behalf of
Company without first obtaining the prior written consent of Company.

b. Governing Law. The terms of this Agreement shall be governed exclusively by the
laws of the country of Canada (not including its conflicts of law provisions). Any
dispute arising from this Agreement shall be resolved in the courts of the country of
Canada.

c. Entire Agreement and Amendment. This Agreement constitutes the entire agreement
between the Parties and supersedes all prior understandings of the Parties. No
supplement, modification or amendment of this Agreement will be binding unless
executed in writing by both of the Parties.

d. Notices. Any notice or other communication given or made to either Party under
this Agreement shall be in writing and delivered by hand, sent by overnight courier
service or sent by certified or registered mail, return receipt requested, to the address
stated above or to another address as that Party may subsequently designate by
notice and shall be deemed given on the date of delivery.

e. Waiver. Neither Party shall be deemed to have waived any provision of this
Agreement or the exercise of any rights held under this Agreement unless such waiver
is made expressly and in writing. Waiver by either Party of a breach or violation of any
provision of this Agreement shall not constitute a waiver of any subsequent or other
breach or violation.

f. Further Assurances. At the request of one Party, the other Party shall execute and
deliver such other documents and take such other actions as may be reasonably
necessary to give effect the terms of this Agreement.

g. Severability. If any provision of this Agreement is held to be invalid, illegal or


unenforceable in whole or in part, the remaining provisions shall not be affected and
shall continue to be valid, legal and enforceable as though the invalid, illegal or
unenforceable parts had not been included in this Agreement.

h. No Assignment. The interests of Employee are personal to Employee and cannot be


assigned. IN WITNESS WHERE OF, this Agreement has been executed and delivered as
of the date first written above.
EMPLOYEE INFORMATION EMPLOYER INFORMATION

• Full name: • Company Name: Yau


Developments Corporation

• Address: • Company Address: 87 Caplan Ave,


Barrie, ON L4N 9J3, Canada

• Phone(mobile): • Phone: +1 (365) 800-0515

• Phone(landline): • Fax: +1 (365) 800-0515

• Part-time: Full-time:

(your signature) (company signature)

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