Document background
The Key Employee Agreement is a specialized employment contract used in South Africa for securing and managing relationships with senior or strategically important employees. This document is essential when hiring or promoting individuals to positions that involve significant responsibility, access to confidential information, or strategic decision-making authority. It provides more comprehensive protections than standard employment contracts, including detailed non-compete clauses, intellectual property provisions, and performance-based remuneration structures. The agreement ensures compliance with South African labor law while addressing specific needs of both the employer and key employees, making it particularly relevant for executives, senior managers, and specialists whose roles are crucial to the organization's success.
