劳动合同范本文档格式.docx

劳动合同范本文档格式.docx

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ARTICLEI

EMPLOYMENT

1.1 

TermofEmployment. 

EffectiveasoftheDateofHire,theCompanyagreestoemployEmployee,andEmployeeacceptsemploymentbytheCompany,fortheperiodcommencingontheDateofHireandendingonthefirstanniversaryoftheDateofHire（the“InitialTerm”）,subjecttoearlierterminationashereinaftersetforthinArticleIII. 

UnlessearlierterminatedinaccordancewithArticleIII,followingtheexpirationoftheInitialTerm,thisAgreementshallbeautomaticallyrenewedforsuccessiveone-yearperiods（collectively,the“RenewalTerms”;

individually,a“RenewalTerm”）unless,atleastninety（90）dayspriortotheexpirationoftheInitialTermorthethencurrentRenewalTerm,eitherpartyprovidestheotherwithawrittennoticeofintentionnottorenew,inwhichcasetheEmployee’semploymentwiththeCompany,andtheCompany’sobligationshereunder,shallterminateasoftheendoftheInitialTermorsaidRenewalTerm,asapplicable. 

Exceptasotherwiseexpresslyprovidedherein,thetermsofthisAgreementduringanyRenewalTermshallbethesameasthetermsineffectimmediatelypriortosuchrenewal,subjecttoanysuchchangesormodificationsasmutuallymaybeagreedbetweenthepartiesasevidencedinawritteninstrumentsignedbyboththeCompanyandEmployee.

1.2 

PositionandDuties. 

EmployeeshallbeemployedinthepositionofExecutiveVicePresident,GeneralCounselorsuchotherexecutivepositionasmaybeassignedfromtimetotimebytheCompany’sChiefExecutiveOfficer;

providedthatanyexecutivepositionthatdoesnotalsoincludecontinuingintheroleofGeneralCounselwillrequiretheconsentoftheEmployee. 

Insuchcapacity,Employeeshallbesubjecttotheauthorityof,andshallreportto,theCompany’sChiefExecutiveOfficer. 

Employee’sdutiesandresponsibilitiesshallincludethosecustomarilyattendanttoEmployee’spositionandsuchotherdutiesandresponsibilitiesasmaybeassignedfromtimetotimebytheChiefExecutiveOfficer. 

EmployeeshalldevoteEmployee’sentirebusinesstime,loyalty,attentionandenergiesexclusivelytothebusinessinterestsoftheCompanywhileemployedbytheCompany,andshallperformherdutiesandresponsibilitiesdiligentlyandtothebestofherability.

1.3 

OtherDocuments. 

OnorpriortotheDateofHiretheEmployeewillexecuteanddelivertotheCompanythefollowing:

RelocationAssistancePaybackAgreementandCorporateGovernanceHandbookAcknowledgement,eachintheformpreviouslyfurnishedbytheCompany.

ARTICLEII

COMPENSATIONANDOTHERBENEFITS

2.1 

BaseSalary. 

TheCompanyshallpayEmployeeaninitialannualsalaryof$330,000.00（“BaseSalary”）,payableinaccordancewiththenormalpayrollpracticesoftheCompany. 

TheEmployee’sBaseSalarywillbereviewedandbesubjecttoadjustmentfromtimetotimebytheBoardofDirectorsoritsCompensationCommitteeattheirdiscretioninaccordancewiththeCompany’sannualreviewpolicy. 

BasedontheCompany’scurrentpolicy,theCompanyexpectsEmployee’sfirstannualreviewwouldbeApril1,2010.

2.2 

PerformanceBonus.

（a） 

Employeewillbeeligibletoearnanannualperformance-basedbonusbasedonperformancecriteriaapprovedbytheCompany’sBoardofDirectorsoritsCompensationCommitteeforeachfullorprorataportionofanyfiscalyearduringwhichEmployeeisemployedbytheCompany（each,a“BonusYear”）,thetermsandconditionsofwhichaswellasEmployee’sentitlementtheretobeingdeterminedannuallyinthesolediscretionoftheCompany’sBoardofDirectorsoritsCompensationCommittee（the“PerformanceBonus”）. 

TheamountofthePerformanceBonuswillvarybasedontheachievementofCompanyandindividualperformancecriteriaestablishedbytheCompany’sBoardofDirectorsoritsCompensationCommittee,buttheperformancecriteriawillbesettotargetaPerformanceBonusequaltoadesignatedpercentageofBaseSalaryasofDecember31stoftheapplicableBonusYeariftheperformancecriteriaaremet（the“TargetBonus”）.

（b） 

For2009,EmployeewillbeentitledtoaPerformanceBonusthatwillbeproratedfor2009basedontheDateofHire. 

TheperformancecriteriaforEmployee’s2009PerformanceBonuswillbedeterminedbytheCompensationCommitteepromptlyafterthedateofthisAgreement,inaccordancewiththeCompany’sAnnualIncentiveBonusPlanForSeniorExecutives,andtheperformancecriteriawillbesettotargetaPerformanceBonusequalto55%ofEmployee’sBaseSalaryfor2009.

2.3 

GrantofStockOption.

PursuanttotheTempur-PedicInternationalInc.2003EquityIncentivePlan,asamended,effectiveasoftheDateofHiretheEmployeeshallbegrantedanoptiontopurchaseeightythousand（80,000）sharesofthecommonstockof 

theCompany（the“OptionedShares”）atapurchasepriceperOptionedShareequaltotheclosingpriceontheNewYorkStockExchangeoftheCompany’scommonstockontheDateofHire.ThisgrantshallvestinfourinstallmentsoverfouryearsandshallbemadepursuanttoastockoptionagreementbetweentheCompanyandEmployeeintheformattachedheretoasExhibitA.

TheCompanyexpectsthatEmployeewillbeconsideredforanadditionalstockoptiongrantinApril2011,andannuallythereafter,butthetiming,amountandtermsofanyfuturegrantswillbesubjecttothediscretionoftheBoardofDirectorsortheCompensationCommittee.

2.4 

HiringBonus.AsadditionalconsiderationforEmployee’sagreementtoacceptemploymentwiththeCompany,theCompanywillpaytoEmployeeaone-timebonusof$50,000.Thisbonusispayableninety（90）daysaftertheDateofHire,providedthat,asofthedatepaymentwouldotherwisebemade,theEmployeeisconsideredanemployeeoftheCompanyingoodstanding;

andprovidedfurtherthatintheeventthat,withintwelvemonthsoftheDateofHire,EmployeeisterminatedForCausepursuanttoparagraph3（c）below,orresignsheremploymentwiththeCompanyotherthanforGoodReason,EmployeeshallrepaytotheCompanytheentireamountofthebonusdescribedabovewithinthirty（30）daysoftheterminationofEmployee'

semployment.

2.5 

BenefitPlans. 

EmployeewillbeeligibletoparticipateintheCompany’sretirementplansthatarequalifiedunderSection401（a）oftheInternalRevenueCodeof1986,asamended（the“Code”）,andintheCompany’swelfarebenefitplansthataregenerallyapplicabletoallexecutiveemployeesoftheCompany（the“Plans”）,inaccordancewiththetermsandconditionsthereof. 

AbriefdescriptionoftheCompany’scurrentbenefitsiscontainedinExhibitBhereto.

2.6 

AutomobileAllowance. 

TheCompanyshallpaytoEmployeeanautomobileallowanceof$600.00permonth.

2.7 

Vacation. 

Employeeshallbeentitledtothreeweeks（fifteen（15）days）vacationdaysinthecalendaryearaftertheDateofHireandthreeweeks（fifteendays）atEmployee’sone-yearanniversaryandeachyearthereafter,subjecttoandtobetakeninaccordancewiththeCompany’sgeneralvacationpoliciesforsimilarlysituatedexecutiveemployees.

2.8 

RelocationBenefits. 

TheCompanywillprovideEmployeewithrelocationassistanceinaccordancewiththepolicyandotherprovisionssetforthinExhibitC.

2.9 

Expenses. 

TheCompanyshallreimburseEmployeeforallauthorizedandapprovedexpensesincurredinthecourseoftheperformanceofEmployee’sdutiesandresponsibilitiespursuanttothisAgreementandconsistentwiththeCompany’spolicieswithrespecttotravel,entertainmentandmiscellaneousexpenses,andtherequirementswithrespecttothereportingofsuchexpenses.

2.10 

Withholdings. 

AllpaymentstobemadebytheCompanyhereunderwillbesubjecttoanywithholdingrequirements.

ARTICLEIII

TERMINATION

3.1 

RighttoTerminate;

AutomaticTermination.

TerminationbyCompanyWithoutCause. 

SubjecttoSection3.2,theCompanymayterminateEmployee’semploymentandalloftheCompany’sobligationsunderthisAgreementatanytimeandforanyreason.

TerminationbyEmployeeforGoodReason. 

SubjecttoSection3.2,Employeemayterminateheremploymentobligationhereunder（butnotherobligationsunderArticleIVhereof）for“GoodReason”（ashereinafterdefined）ifEmployeegiveswrittennoticethereoftotheCompanywithinthirty（30）daysoftheeventshedeemstoconstituteGoodReason（whichnoticeshallspecifythegroundsuponwhichsuchnoticeisgiven）andtheCompanyfails,withinthirty（30）daysofreceiptofsuchnotice,tocureorrectifythegroundsforsuchGoodReasonterminationsetforthinsuchnotice. 

“GoodReason”shallmeananyofthefollowing:

（i）relocationofEmployee’sprincipalworkplaceoversixty（60）milesfromtheCompany’sexistingworkplaceswithouttheconsentofEmployee（whichconsentshallnotbeunreasonably 

withheld,delayedorconditioned）,or（ii）theCompany’smaterialbreachofthisAgreementoranyotherwrittenagreementbetweenEmployeeandtheCompanywhichisnotcuredwithinthirty（30）daysafterreceiptbytheCompanyfromEmployeeofwrittennoticeofsuchbreach.