Exhibit 10.46
EMPLOYMENT
AGREEMENT
This Employment Agreement
(“the Agreement”), effective as of the
day of
, 200 is between Rackspace US, Inc., a Delaware
corporation (“the Company”) and
(“the Employee”).
The Company desires to retain the
services of the Employee as a
. The Employee desires to obtain an employment relationship with
the Company.
NOW THEREFORE, in consideration of
the promises and mutual agreements set forth below, the parties
agree as follows:
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1.
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Position . The Employee shall be employed in the position
of
commencing on or before
, 200 . However, the Company may change this
position at any time. Unless otherwise agreed by the Company and
Employee, Employee’s principal place of business with the
Company shall be in San Antonio, Texas, although some travel may be
required of Employee.
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2.
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Term of
Employment . The Employee
acknowledges and understands that he or she is employed “at
will,” meaning that he or she may be discharged for any
reason not otherwise prohibited by law.
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3.
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Duties . During Employee’s employment with the
Company, the Employee shall perform such duties as shall from time
to time be delegated or assigned to him/her by the Company.
Employee agrees to serve the Company in the position designated by
the Company and to perform diligently and to the best of his/her
abilities the duties and services pertaining to such position. In
addition to duties assigned him/her by supervisors in the normal
course of business, Employee shall at all times have the following
duties:
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(a)
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Duty of
Loyalty : Employee
acknowledges that Employee owes a fiduciary duty of loyalty,
fidelity and allegiance to act at all times in the best interest of
the Company and to do no act that would injure the business,
interests, or reputation of the Company.
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(b)
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Duty to
Report : Employee shall
make full disclosure to his/her immediate supervisor of all
business opportunities pertaining to the business of the Company
and should not appropriate for Employee’s own benefit,
business opportunities that fall within the scope of the business
conducted by the Company.
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(c)
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Duty to
Refrain from Making Derogatory Statements : Employee agrees to refrain from making verbal
or written derogatory or disparaging statements about the Company
and/or its management. This duty survives the termination of
Employee’s employment with the Company. However, this
provision in no way prohibits the Employee from reporting to the
proper authorities or to the Company
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Employee’s Initials
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Page 1
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management any conduct that the
Employee believes is illegal or unethical. Likewise, this provision
does not prohibit the Employee from using any internal complaint or
“Open Door” policies available at the
Company.
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5.
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Compensation : Employee shall be compensated pursuant to the
compensation scheme attached hereto as Exhibit A.
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6.
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Confidential
Information.
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(a)
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Provision of
Confidential Information . On the effective date of this Agreement and
during the Initial Term, the Company shall, in order for the
Employee to properly and effectively perform his or her job,
provide the Employee with confidential business information. The
Company promises to continue to provide Employee with such
confidential information during the course of the Employee’s
employment with the Company.
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(b)
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Employee to
Maintain Confidentiality . The Employee acknowledges that he/she occupies
a position of trust and confidence in the Company, and the Employee
agrees that he/she will not, without the prior written consent of
the Company, disclose or make known to any person or use for
his/her own benefit or gain any confidential information of the
Company. Confidential information means any information not
generally disclosed or known to the trade or public concerning the
Company, its business, and its customers. For purposes of this
Agreement, confidential information shall include, but is not
limited to, the following: (1) all information (whether
maintained in the Company’s computer databases, printed
reports, paper files, notes, correspondence, rolodexes however
kept, personal computers, Blackberries, PDA’s, cell phones,
storage media, or any place else) relating to the Company’s
customers, including the identity of the Company’s customers,
customer personal data information, customer contact information,
customer account information and balances; (2) information
relating to the Company’s vendors; (3) all information
relating to the Company’s pricing, business, marketing, and
sales plans, financial statements and forecasts, product plans, and
competitive analysis; (4) proprietary software, data center
engineering information, and customer configuration architecture
and specifications; and (5) any other information that the
Company designates as confidential.
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(c)
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Employee
Work Product . All
information, ideas, concepts, improvements, discoveries, and
inventions, whether patentable or not, that are conceived, made,
developed, or acquired by Employee, individually or in conjunction
with others, during Employee’s employment with the Company
(whether during business hours or otherwise and whether on the
premises of the Company (or otherwise) that relate to the business,
customers, products, or services of the Company are the exclusive
property of the Company. Moreover, all documents, data, computer
files, correspondence, and notes relating in any way to the Company
and/or its customers
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Employee’s Initials
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Page 2
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shall be the sole and exclusive
property of the Company. Such information, whether deemed
confidential or not, shall not be shared with, or given to,
third-parties unless specifically authorized by the Company in
writing.
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(d)
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Assignment
of Employee Work Product. In this regard, Employee hereby assigns (and
Employee does hereby perpetually and irrevocably assign) to the
Company, or its designee, all of Employee’s right, title and
interest in and to any to such Inventions, and to applications
patent and copyright protection in all countries, and to any and
all patent and copyright registrations granted upon such Inventions
in all countries. Employee further agrees to perform, during and
after employment with the Company, all acts necessary or desirable
in the opinion of the Company to permit and assist it (without
charge to the Company but at the expense of the Company) in
transferring and vesting the full and complete right and title
thereto in the Company and evidencing, perfecting, obtaining,
maintaining, defending and enforcing the Company’s rights and
Employee&rsquo
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