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Managing Director Contract Of Employment
"I need a Managing Director Contract Of Employment for a tech startup based in London, with particular focus on share options and IP protection, planned start date March 2025."
1. Parties: Identification of the company and the managing director
2. Background: Context of the appointment and any relevant company information
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Role specifics, commencement date, and duration
5. Duties and Responsibilities: Detailed description of MD's role and obligations, including statutory and fiduciary duties
6. Remuneration: Salary, benefits, pension arrangements and review procedures
7. Working Hours and Location: Expected time commitment and place of work
8. Holiday Entitlement: Annual leave and public holidays
9. Expenses: Policy on business expenses and reimbursement
10. Termination: Notice periods, grounds for termination, and payment in lieu of notice
11. Confidentiality: Protection of company information and trade secrets
12. Data Protection: Compliance with data protection laws and privacy regulations
13. General: Miscellaneous provisions including governing law and entire agreement
1. Share Options: Details of any share schemes or equity participation arrangements
2. International Travel: Requirements and arrangements for international business travel
3. Garden Leave: Terms and conditions of garden leave during notice period
4. Post-termination Restrictions: Non-compete, non-solicitation, and other restrictive covenants
5. Intellectual Property: Rights and obligations regarding IP created during employment
6. Corporate Governance: Additional governance requirements for listed companies
1. Schedule 1 - Job Description: Detailed outline of responsibilities and expectations
2. Schedule 2 - Bonus Scheme: Details of performance-related compensation and metrics
3. Schedule 3 - Company Policies: List of key policies the MD must comply with
4. Schedule 4 - Benefits Package: Comprehensive breakdown of additional benefits
5. Schedule 5 - Share Option Terms: Terms and conditions of any share options or equity arrangements
Authors
Board
Business
Company
Confidential Information
Control
Director
Effective Date
Garden Leave
Good Leaver
Group
Group Company
Intellectual Property Rights
Managing Director
Material Interest
Notice Period
Parent Company
Permitted Investment
Prohibited Area
Remuneration
Restricted Business
Restricted Customer
Restricted Period
Restricted Person
Share Option Scheme
Subsidiary
Termination Date
Territory
Working Hours
Duties and Responsibilities
Powers and Limitations
Working Hours and Location
Remuneration
Bonus
Benefits
Expenses
Holidays
Sickness and Absence
Confidentiality
Intellectual Property
Data Protection
Conflicts of Interest
Board Meetings
Reporting Requirements
Share Options
Directors' and Officers' Insurance
Company Property
Termination
Garden Leave
Post-Termination Restrictions
Non-Competition
Non-Solicitation
Non-Dealing
Non-Poaching
Grievance Procedures
Disciplinary Procedures
Notice Periods
Payment in Lieu of Notice
Retirement
Corporate Governance
Regulatory Compliance
Entire Agreement
Variation
Severability
Governing Law
Jurisdiction
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