Executive Director Independent Contractor Agreement Template for Canada

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Key Requirements PROMPT example:

Executive Director Independent Contractor Agreement

"I need an Executive Director Independent Contractor Agreement for our Toronto-based technology startup, where the contractor will be responsible for international expansion and will receive both monthly fees and equity compensation, starting March 1, 2025."

Document background
The Executive Director Independent Contractor Agreement is essential for organizations seeking to engage senior leadership in a non-employee capacity while complying with Canadian legal requirements. This document is particularly relevant when companies require executive-level expertise but prefer a contractor arrangement for strategic, operational, or financial reasons. The agreement addresses crucial aspects including corporate governance responsibilities, service terms, compensation structure, and risk allocation, while ensuring compliance with Canadian federal and provincial regulations regarding independent contractor classification. It's designed to protect both parties' interests while maintaining the flexibility and independence characteristic of contractor relationships at the executive level.
Suggested Sections

1. Parties: Identification of the contracting company and the independent contractor

2. Background: Context of the agreement and confirmation of independent contractor status

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment, term, and renewal provisions

5. Services and Duties: Detailed description of executive director responsibilities and performance standards

6. Compensation and Expenses: Fee structure, payment terms, and reimbursable expenses

7. Independent Contractor Status: Clear statement of relationship and contractor's responsibilities for taxes, insurance, etc.

8. Intellectual Property and Confidentiality: IP ownership, confidentiality obligations, and return of company property

9. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients

10. Termination: Grounds for termination, notice requirements, and consequences

11. Indemnification: Mutual indemnification provisions and liability allocation

12. General Provisions: Standard clauses including governing law, notices, amendment process, etc.

Optional Sections

1. Board Position: Include when the contractor will also serve as a member of the Board of Directors

2. Equity Compensation: Include when offering stock options or other equity-based compensation

3. International Travel: Include when position requires significant international travel

4. Subsidiary Management: Include when contractor will manage subsidiary companies

5. Performance Metrics: Include when specific performance targets are tied to compensation

6. Insurance Requirements: Include when specific insurance coverage is required beyond standard provisions

7. Transition Services: Include when specific handover provisions are needed post-termination

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of executive director duties and responsibilities

2. Schedule B - Compensation Structure: Detailed breakdown of fees, payment schedule, and bonus calculations

3. Schedule C - Approved Outside Activities: List of pre-approved external commitments or board positions

4. Schedule D - Company Policies: Key corporate policies applicable to the contractor

5. Appendix 1 - Expense Policy: Detailed guidelines for expense reimbursement

6. Appendix 2 - Confidentiality Agreement: Comprehensive confidentiality and non-disclosure provisions

7. Appendix 3 - IP Assignment: Detailed intellectual property assignment provisions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Financial Services

Healthcare

Manufacturing

Professional Services

Non-Profit Organizations

Education

Real Estate

Energy

Retail

Media and Entertainment

Consulting

Telecommunications

Relevant Teams

Legal

Human Resources

Executive Leadership

Board of Directors

Corporate Governance

Finance

Compliance

Operations

Relevant Roles

Executive Director

Managing Director

Interim CEO

Project Executive

Strategic Advisor

Independent Board Member

Acting Chief Officer

Program Director

Executive Consultant

Interim Executive

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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