Celkem hlasů: 0
This Correspondence Agreement amends and confirms the letter of employment between you and Facebook, Inc. (the Company) dated May 17, 2005. c. Equity Awards. The Company acknowledges that it has already provided you with equity under the 2005 Stock Officer Plan and the Company`s common stock purchase agreements. Nothing in this Correspondence Agreement modifies or affects the terms of such distinctions and agreements. This Correspondence Agreement supersedes and supersedes all prior agreements or arrangements, whether oral, written, implied, or between you and the Company regarding the matters described in this letter. This letter is governed by the laws of California, without regard to the rules of the Conflict of Laws Act. 3.
Confidentiality Agreement. By signing this Correspondence Agreement, you confirm the terms of the Agreement for the Assignment of Confidential Information and Inventions (the „Confidentiality Agreement“) of and between you and the Company, which dates from the date of initial employment. 7. Employment by agreement. The employment of the enterprise does not take place for a fixed period. Your work with the company is done „as you please,“ meaning that you or the company can terminate your employment relationship at any time, for any reason or for no reason. The company also reserves the right to modify or supplement the terms and conditions of your employment at any time for any reason. Any assurances to the contrary made to you will be replaced by this correspondence agreement. This is the complete and complete agreement between you and the company for this period.
Although your professional obligations, titles, remuneration and benefits, as well as the policies and procedures of the company`s personnel may change from time to time, the type of employment „after authorization“ can only be changed in an explicit written agreement approved by the company`s board of directors. 5. Outdoor activities. By providing services to the Company, you agree not to engage in any other employment, consulting or other business activities without the written consent of the Company. In addition, while you are providing services to the company, you will not help any natural or legal person to compete with the company, prepare for competition with the company or hire employees or consultants of the company. There are few clauses in employment contracts that are the subject of more debate than non-competition clauses (post-contractual non-competition clauses). It is a frequent situation (and sometimes a real dilemma) that the employer decides, at the beginning of the employment relationship, whether he wishes to agree on a post-contractual non-competition clause. While at this stage it is easy to negotiate a non-competition clause, the employer may not be sure that the ambiguous circumstances and future developments justify investing in a (potentially) costly non-competition clause. The Düsseldorf LAG confirmed that it might be valid for an employer to agree on a post-contractual non-compete clause in the form of a preliminary contract granting employer Mark Zuckerberg`s employment contract with Facebook, Inc. which was made public as part of its S1 submission to the SEC: www.sec.gov/Archives/edgar/data/1326801/ . . .