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Directors Service Contract
"I need a Directors Service Contract for the appointment of our new CFO starting March 1, 2025, with specific provisions for international travel and stock options as part of the remuneration package."
1. Parties: Identification of the company and the director
2. Background: Context of appointment and any relevant company information
3. Definitions: Key terms used throughout the agreement including relevant legislation
4. Appointment and Term: Position, duties, and duration of appointment including start date and any initial term
5. Duties and Responsibilities: Detailed description of director's obligations, statutory duties, and compliance requirements
6. Remuneration: Salary, bonuses, benefits, pension arrangements and review procedures
7. Working Hours and Location: Time commitment, place of work, and flexibility requirements
8. Holidays and Leave: Holiday entitlement, public holidays, and procedures for booking time off
9. Expenses: Policy on business expenses and reimbursement procedures
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership and protection of IP created during directorship
12. Termination: Circumstances and process for ending the agreement, notice periods
13. Post-Termination Obligations: Ongoing duties and restrictions after termination
14. General Provisions: Miscellaneous legal provisions including governing law and jurisdiction
1. Share Options: Details of any share schemes or equity participation offered to the director
2. International Travel: Provisions for overseas work and international assignments
3. Garden Leave: Terms for paid leave during notice period including restrictions
4. Change of Control: Provisions relating to company sale or merger
5. Directors and Officers Insurance: Details of insurance coverage provided by the company
1. Schedule 1: Benefits Package: Detailed list of benefits, allowances, and perquisites
2. Schedule 2: Performance Metrics: KPIs, evaluation criteria, and bonus calculations
3. Schedule 3: Restrictive Covenants: Detailed post-termination restrictions and non-compete provisions
4. Schedule 4: Company Policies: List of applicable company policies and procedures
5. Schedule 5: Share Option Terms: Detailed terms and conditions of any share option schemes
Authors
Board
Business Day
Cause
Change of Control
Company
Confidential Information
Corporate Governance Code
Director
Effective Date
Good Reason
Group
Group Company
Intellectual Property Rights
Notice Period
Parent Company
Remuneration Committee
Restricted Period
Service Agreement
Share Schemes
Subsidiary
Termination Date
Territory
Working Hours
Year
Annual Bonus
Garden Leave
Long Term Incentive Plan
Performance Targets
Regulatory Requirements
Share Options
Specified Hours
Stock Exchange
Variable Pay
Duties and Responsibilities
Powers and Authority
Time Commitment
Location
Remuneration
Bonus
Benefits
Expenses
Holidays
Sickness and Absence
Confidentiality
Intellectual Property
Data Protection
Conflicts of Interest
Outside Interests
Board Meetings
Regulatory Compliance
Company Property
Termination
Garden Leave
Payment in Lieu of Notice
Post-Termination Restrictions
Return of Property
Share Options
Pension
Life Insurance
Private Medical Insurance
International Travel
Relocation
Change of Control
Corporate Hospitality
Non-Competition
Non-Solicitation
Non-Dealing
Severance Payments
Shareholder Approval
Stock Exchange Compliance
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