(Note: This sample contract was provided to CEO Update by executive recruiter David Martin, of Sterling Martin Associates. It is used as a starting point for negotiations—review by an experienced nonprofit attorney is recommended. Not all provisions may be favorable to a CEO.)
This agreement ("Agreement") is made between [organization name], a [type of organization] (the "[organization name abbreviation]"), and [name of employee], a resident of ___________, (the "Executive"), for mutual consideration, the receipt and adequacy of which are acknowledged by the parties, who agree to the following:
1. Term, Duties, and Review.