An "employment agreement" is a contract between an employer and employee setting forth the terms of the employment relationship. An employment agreement often addresses these topics:

• The job description—title and role
• Whether the employer can change the position
• The length of the term of the agreement
• The salary, bonus and benefits
• Whether the employee gets stock or stock options in the company (the employee typically earns these over time)
• When the employee can be terminated for "good cause"
• What "good cause" means
• When the employee can be terminated without "good cause" and what severance payment will be due in that event
• The employee's job responsibilities
• The employee's confidentiality obligations
• Where and how disputes will be handled

Sample employee agreements can be found at www.LegalAgreements.com.