AGREEMENT WITH RESPECT TO
SERVICES RENDERED TO [Firm Name] CLIENTS
THIS AGREEMENT
(the " Agreement") is made as of ,
20 , by and between [Firm
Name] (the "Employer"), a professional corporation organized
under the laws of the state of [State], and (the
"Employee").
WITNESSETH:
WHEREAS,
the Employer is engaged in the business of providing accounting,
auditing,
tax consulting and other services of the accounting profession routinely and
ordinarily provided by such profession ("Professional Services"); and
WHEREAS,
the Employer is agreeable that should Employee cease to be employed by the
Employer, he or she may continue to render Professional Services to any entity
or person who was, prior to the Employee's termination, a client of the
Employer.
NOW,
THEREFORE, in consideration of the above referenced premises and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties
agree as follows:
1.
Services Rendered to Employer’s Clients.
It is agreed by the Employer and the Employee that in the event the
Employee's employment is terminated for any reason, he or she may render
Professional Services to any person of entity, or to any representative of such
person or entity to whom the Employer, or its agents or employees, rendered
Professional Services as of the date of the Employee's termination (the
"Client").
2.
Compensation for Professional Services to Employer’s Clients. For each Client to whom the Employee renders
Professional Services after the termination of his or her employment, Employee
agrees to remit to the Employer eighteen percent (18%) of the gross fees
collected from such Client during the five (5) years following the Employee's
termination, provided, however, that if the Employee was receiving
compensation with respect to such Clients pursuant to the Employer's Referral
Incentive Bonus Program (the "Bonus Program"), Employee agrees to
remit fifteen percent (15%) of gross collected fees from such Clients until the
total amount of monies paid to the Employee under the Bonus Program is repaid
to the Employer. The Employee agrees to allow the Employer to undertake any
audit or examination of records to satisfy itself as to the validity of the
information furnished by the Employee. Such audit or examination by the
Employer shall be at the Employer's expense unless the Employer discovers
discrepancies in the information furnished by the Employee causing the fees
received from such Clients to be understated, in which case the audit and
examination shall be at the Employee's expense. The payment required pursuant
to this paragraph shall be required from the Employee regardless of whether the
Employee is employed by another firm at the time the fees are received.
3.
Entire Agreement. This Agreement
contains the understanding of the parties hereto and supercedes all other oral
and written agreements or understandings between the parties. No modification or addition hereto or waiver
of cancellation of any provision shall be valid except by a writing signed by
the party charged therewith.
4.
Assignment. This Agreement may be
assigned by the Employer and shall be binding upon and inure to the benefit of
the Employer's assigns and successors.
This Agreement may not be assigned by the Employee.
5.
Dispute Resolution. Any dispute
hereunder relating to the subject matter of this Agreement shall be determined
by arbitration pursuant to the rules and regulations of the American
Arbitration Association. All arbitration shall be held in Atlanta, Georgia.
The validity and construction of this Agreement shall be determined under the
laws of the State of Georgia.
IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
and year first above written.
[Firm Name]
[Name] Date
Chief Executive
Officer
Employee Date