Procedure
The time for the Eid prayer begins from the time the sun is 3 m (9.8 ft) from the horizon until the sun reaches its meridian. Ahmad ibn Hassan al-Bana records that Jundub said: "The Prophet prayed the Eid al-Fitr prayer while the sun was (approximately) 6 metres (20 ft) above the horizon and the 'eid of the sacrifice while the sun was 3 metres (9.8 ft) above the horizon."
The Eid prayer consists of two ra'kat during which it is sunnah to pronounce the takbir six times in total. First three takbir are pronounced after the opening takbir and before the Qur'anic recital in the first rak'ah, while during the second rak'ah, one pronounce the other three takbir after the Qur'anic recital but before the ruku'. One is to raise one's hands during each pronouncement of the takbir.
The khutbah after Salat al-Eid is not fardh but is sunnah and so is listening to it.
Concerning the adhan and iqamah for Salat al-Eidain, Ibn al-Qayyum writes: "When the Prophet went to the place of prayer, he would perform the salah without any adhan or iqamah and without saying the Friday congregational prayer."
Read more about this topic: Salat Al Eid